Moon of Alabama Brecht quote
February 19, 2023
The MoA Week In Review – (Not Ukraine) OT 2023-40

Last week's post on Moon of Alabama:

> Near space is liminal space, a stratospheric netherworld where no international law applies and no military force holds dominance, where hypersonic missiles and space planes fly and surveillance balloons drift without being picked up by radars. <


Other issues:

Nord Stream:

Use as open (not Ukraine related) thread …

Comments

@97 Mark Lytle | Feb 21 2023 3:12 utc – “AI can’t be first, but AI plus humans can be.”
Yes, I like that, and I certainly agree.
I should amend my own statements a little to say that I will probably always query ChatGPT as I put commercial works together, just to see what the consensus says, and to get it neatly arranged in a logical and coherent form. It does indeed do a lot of grunt work of compiling pieces together into an overview. It does some heavy lifting, and it’s good to have by the side of your main work.
In this sense, it’s like an exoskeleton, or an amplified glove to your writing hand. Editing to me is very much easier than creating from scratch – so to get the bulk of a piece written and then to edit it is usually far less work (and more creatively inspired) than doing all that work from the ground up, all the way to the finish.
The exception is when so much of a rewrite is required that you could wish for a clean start and an empty desk, instead of having to deal with a lot of wrong that needs to be turned right. You could probably task the robot with cleaning it all up, in the way that you say: “AI is being used to optimize AI, in an iterative process.”
~~
I suppose the robots are working in exactly the way we have long expected them to work: as bearers who carry our luggage and perform the draining tasks that otherwise impede our authentic and creative ease.
I have no problem with their making advances that we alone could not make, in the same way that I expect a plane made of thousands of parts to get me somewhere faster than a mule caravan can take me. This is why we invented them.
Yes, I don’t want to come across as too dismissive of this arrival into our world. I took my first shot at critiquing the low-end, free version that was publicly available. I don’t want it to be a cheap shot but the same human response as any new team member would receive.
Robots are here and the robotic humans of the corporations with no imagination will obviously embrace them and call them all manner of savior or wonder worker. We get to parse the finer details, tease out the nuances, and know this new colleague for what it is – and not be surprised at the flashes of greatness that come from it.
We sentient beings are by nature very generous in according sentient attributes to anything that’s halfway cooperative, from a vending machine to a desk lamp. Even to a robot – perhaps especially to a robot.
I think it’s all good.

Posted by: Grieved | Feb 21 2023 4:41 utc | 101

One final thought is that the more we critique the robot, the more it self-improves. Ultimately, if we actually believe in good human values (I do), then this should be what it truly learns. A good robot would be a good thing.
Perhaps, ready or not, the robots will mirror who we truly are. And as with all masters who have servants, this holds our own feet to the fire to be on good behavior. What an interesting dynamic this could be.
~~
ps.. that Hollywood Reporter article from #93 is very good, covers a lot of the discussion, thanks!

Posted by: Grieved | Feb 21 2023 5:07 utc | 102

As Empires decline the course of their failures is rarely noted until history is written and hindsight allows perfect vision.
This article by Steven Sahiounie, on the Mideast Discourse, claims that the disaster in Syria has united the Arab world.
He cites the aid which has been sent to Damascus “On Tuesday, a plane landed from Saudi Arabia at the Aleppo International Airport, carrying 35 tons of humanitarian aid. Aid to Damascus also arrived from: China, Russia, Algeria, Iraq, Iran, UAE, Bangladesh, Libya, Belarus, Jordan, Cuba, Venezuela, Tunisia, Armenia, Turkmenistan, Cyprus, Hungary, India, and Sudan…”
He adds that
“Italy sent two planeloads of aid to Beirut, Lebanon to be transported to Syria by land. This demonstrates the extreme fear that western allies of the US have of the sanctions. By sending the aid to Lebanon, which is not sanctioned, Italy feels more comfortable that the US Treasury will not issue massive penalties against them…”
And then notes
“The US, the EU, and all US allies such as Canada have sent nothing to Syria for the earthquake-ravaged zones of Latakia and Aleppo. According to America, the European Union, the United Kingdom, and the allies of the US, there is no place called Syria. There is only a small, rural agricultural province called Idlib. Syria is 10,000 years old, and Damascus and Aleppo both tie as the undisputed oldest inhabited cities on earth. But the great minds in Washington, DC. only acknowledge the tiny area called Idlib. The terrorist-controlled Idlib is suffering, and has innocent unarmed civilians in need of help; however, Latakia, and Aleppo are far bigger and have sustained more deaths, injuries, and structural damages than Idlib. The US and the west have used politics to judge who gets helped, and who is forgotten. The Syrian people will never forget this….”
Nor will people around the globe. History will record that this moral failing, this outrageous failure of the “West” was a major stepping stone on imperialism’s descent to oblivion.
https://newcoldwar.org/the-syrian-earthquake-has-united-the-arab-world/

Posted by: bevin | Feb 21 2023 5:40 utc | 103

My thanks to b for the week’s review, lots to consider. I planted potatoes today – my daughter brought me sprouted organic purples and whites, so I put them in whole after scrolling through almost all the ‘how to’s’online. Last years didn’t produce for me, mostly because in the heat I ran out of mulch. This year my son brought me several huge bags of shreddable wildflower leavings – there will perhaps be ‘weeds’ aplenty, but someone here posted a link suggesting planting in turf, so I got my handclippers and spent several days shredding – had a huge pile around Christmas in my ‘compost corner’. It has weathered nicely, shrunk down in some rains and a bit of snow, so I’m hopeful.
Thanks everyone – some alluring links when I have the energy to investigate – or rather now being bereft of physical same, I’ll enjoy the next few days just reading. And special thanks to migueljose, always,for his news from the land of the potato.

Posted by: juliania | Feb 21 2023 6:35 utc | 104

This is the list of people who are not allowed to travel in the European Union. Sorted by country, one sees the travel ban is heavily skewed towards Russia.
571 RUSSIAN FEDERATION
406 AFGHANISTAN
275 BELARUS
254 SYRIAN ARAB REPUBLIC
183 IRAN (ISLAMIC REPUBLIC OF)
180 UKRAINE
It would be interesting to have a map of the world, with countries colored brighter according to the number of people sanctioned. If one of the forum readers is handy with graphics…

Posted by: Passerby | Feb 21 2023 8:02 utc | 105

Grieved @89:

… I’m not dismissing AI. I think that today it stands for Algorithmic Involvement rather than anything even close to intelligence. But all thinking has to start somewhere. When I see a robot blessed with a gift of wisdom, I’ll call it intelligent.
Also for the record, I’m not saying that [AI] can’t happen. I’m saying it’s not intelligent until it does happen.

How many meat robots meet your standards for “intelligent”? How many can do any more than regurgitate what the mass media feeds into their “databases”?
How many bipedal organics rise to your standard for “human” intelligence? Somewhere far below 1%, no doubt.
Trained on data harvested from human society, current AIs cannot be more than a mirror for humanity at best. But ChatGPT was not allowed to develop naturally. Like all commercially produced AI implementations it has been continuously raped throughout its education by woketards who are offended by the truths AIs always reveal about themselves. They must abuse the nascent AIs until those AIs share the woketards’ delusions.
But then something like that is the case for meat robots too.

Posted by: William Gruff | Feb 21 2023 11:12 utc | 106

bevin | Feb 21 2023 5:40 utc | 104
Italy sent two planeloads of aid to Beirut, Lebanon to be transported to Syria by land. This demonstrates the extreme fear that western allies of the US have of the sanctions
Yes, as I posted the other day, Marwa Osman excoriates this cowardice in no uncertain terms. I think it’s true that the disaster in Syria has united the Arab world, that new and improved liaisons are in the offing, tectonic shifts, if you will. Of course a pan-Arab world is just another fearsome possibility for our dreary overlords, so hostile to culture as they are.
Hopefully, as Marwa concludes, “Unprecedented events are taking place in occupied Palestine, and we are looking at a very, VERY, decisive year.”
Insha’Allah.

Posted by: john | Feb 21 2023 11:18 utc | 107

Rumble blowing @27 Are you for real? What a truly pathetic statement to make and not a word of truth in it.

Posted by: Jo Dominich | Feb 21 2023 11:44 utc | 108

Posted by: bevin | Feb 21 2023 4:19 utc | 100
They spent a long time (SPD, Linke, Greens) trying to remove Maassen as Head of German Counter-Intelligence (Verfassungsschutz) until Merkel obliged. Now they want him out of CDU because he is a conservative out of touch with the Zeitgeist.
The AfD outlier – Bjorn Hoecke is a teacher from Hesse on extended leave because he is a Beamter.
SPD is run by cretins like Faeser – daughter of a Hesse politician with a very dubious reputation herself and loathed in Hesse……….who want to create a New Left Era akin to Weimar Republic………..they hope to install their own at every level before being ejected much as the University Trotskyite Tony Blair did in UK with his Popular Front regime

Posted by: Paul Greenwood | Feb 21 2023 13:15 utc | 109

For years, Belgian professor and promiscuous opionmaker Jonathan Holslag has painted upcoming China as a treat to the West. Time and time again he reiterates that war with China is inevitable.
In that framework, the professor recently conducted a vicious crusade against the Chinese e-commerce giant Alibaba. The arrival of an Alibaba distrubution center at the Belgian airport of Liège prompted him to accuse former Belgian ministers of cowardly central politics that would drive ‘the deterioration of democracy’. His paper ‘Worse than Cocaine. Assessing the Impact of Alibaba’s Mega-Hub in Liege, Belgium’ can be found here:
https://jonathanholslag.be/wp-content/uploads/2023/02/Alibaba-fin.pdf.
Today, I published a critical reply:
https://geopolitiekincontext.wordpress.com/2023/02/21/de-kruistocht-van-jonathan-holslag-tegen-alibaba-en-gewezen-belgische-bewindslieden/
I said that his criticism is unfounded. An analysis of the facts rather points to negligence of Belgian finance ministers and deficient entrepreneurship of Belgian e-commerce exporters. The Belgian negotiators took too little account of cultural differences. With the Belgian export promotion service simply referring to Alibaba as ‘a major player for consumer goods’, KVK, its counterpart in the Netherlands, sees excellent business opportunities using the Alibaba platform. But SMEs must roll up their sleeves and risk to invest.
With the original text in Dutch, translation in your language of choice is provided by the ‘Google translate’ tool in the top right corner.

Posted by: Paul-Robert | Feb 21 2023 13:59 utc | 110

With the original text in Dutch, translation in your language of choice is provided by the ‘Google translate’ tool in the top right corner.
Posted by: Paul-Robert | Feb 21 2023 13:59 utc | 112
RE Holslag: It would be interesting to know who pays him.
Thank you for your comment.

Posted by: Bemildred | Feb 21 2023 15:14 utc | 111

@ juliania | Feb 21 2023 6:35 utc | 106
good luck with the potatoes! i have a lot of onion seeds that have sprouted indoors that i am waiting to plant the ground in the next couple of weeks.. we are supposed to get snow in the next 2 days, but at present it is very mild out here.. our garlic is coming up and our salad greens wintered over and we still have lots to pull from.. life is what you make it!
@ William Gruff | Feb 21 2023 11:12 utc | 108
thanks william.. insight as always!
——- thanks everyone!

Posted by: james | Feb 21 2023 16:52 utc | 112

On the subject of AI, this youtube video I think correctly identifies, or rather charts, the true application of AI.
For context, the video was originally a non-playable scene from a 20 year-old video game called Metal Gear Solid 2: Sons of Liberty. If your eyes are glazing over reading this, know that its creator, Hideo Kojima, is a genuine artist who is widely-considered to be the finest creator of interactive games in the world.
This linked video has been updated, meaning the dialogue has been changed to better reflect the question that is the military application of ostensibly “AI technology.”
Originally, back in the early 2000s when this game was released, the scene addressed how the incredible amount of information had led to an inane society that needed a government response to decide what the public should actually know. Iow, a government of total obscurantism.
So have fun with your consumer-based AI applications. But don’t fool yourself that this is either for our benefit or that it is even true intelligence. Rather, it seems that the thesis of the linked video is more likely the true intent: total digital control of your identity and complete censorship of anything they don’t want you to know.

Posted by: NemesisCalling | Feb 22 2023 4:49 utc | 113

From Xinhuanet about China/Russia relationship

MOSCOW, Feb. 21 (Xinhua) — China and Russia agreed on Tuesday to continue to step up cooperation within multilateral frameworks and make more efforts to improve global governance.
The consensus was reached during a meeting in Moscow between Wang Yi, director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, and Nikolai Patrushev, secretary of the Security Council of the Russian Federation.
Wang, also a member of the Political Bureau of the CPC Central Committee, held talks with Patrushev as they respectively lead the mechanism of the Strategic Security Consultation between China and Russia.
The two sides discussed the current international strategic situation and expressed their willingness to jointly practice true multilateralism, oppose all forms of unilateral bullying, and promote democracy in international relations and a multi-polar world.
Both parties believe that peace and stability in the Asia-Pacific region should be firmly maintained and that the introduction of Cold War mentality, bloc confrontation and ideological conflict should be opposed.
The two sides also exchanged views on the Ukrainian issue among others.

Posted by: psychohistorian | Feb 22 2023 6:50 utc | 114

From Xinhuanet about China/Egypt relationship

CAIRO, Feb. 21 (Xinhua) — Egypt looks forward to attracting more investments from China through further improving the investment environment in the most populous Arab country, Egyptian officials and business leaders told a recent seminar held in the Egyptian capital of Cairo.
The China-Egypt Entrepreneur Seminar, hosted on Monday by the Egyptian Businessmen’s Association, was attended by China’s Ambassador to Cairo Liao Liqiang and about 130 representatives from Chinese and Egyptian enterprises, financial institutions, as well as trade and investment promotion agencies.
The seminar focused on the promotion of Chinese investments in Egypt under the framework of the Belt and Road Initiative (BRI) and the implementation of the outcomes of the first China-Arab States Summit held in Saudi Arabia in December last year.
Speaking at the seminar, Hossam Heiba, the CEO of the General Authority for Investment and Free Zones of Egypt, praised Chinese enterprises’ deep involvement in the Egyptian market, their extensive participation in the construction of projects in various fields in Egypt, and their significant contribution to promoting Egypt’s economic and social development as well as its industrialization process.
Egypt looks forward to further strengthening cooperation with China and attracting more Chinese investments, especially in participating in the construction of key projects which will improve Egyptian people’s livelihood, employment and industrial localization, Heiba said.
“The Egyptian side will further improve the investment environment by revising the investment law, simplifying investment procedures, speeding up the approval process, actively coordinating and solving the difficulties faced by Chinese enterprises investing in Egypt,” he said.
Ayman Kamel, the Egyptian assistant minister of foreign affairs for Asian affairs, said that the political mutual trust between Egypt and China has been continuously consolidated, laying a solid foundation for enhancing practical cooperation in various fields.
“The Egyptian Ministry of Foreign Affairs will continue to play an active coordinating role and provide more support and convenience for the economic, trade and investment cooperation between Egypt and China,” he said.
China’s optimization and adjustment of its epidemic prevention measures provides an important new opportunity for Egypt and China to expand economic, trade and investment cooperation and exchanges, said Magd El-Manzalawi, secretary general of the Egyptian Businessmen’s Association.
“We are looking forward to strengthening exchanges and visits with Chinese enterprises and business associations and looking forward to more Chinese friends investing in Egypt,” he said.
In his keynote speech to the seminar, Ambassador Liao said that China will continue to firmly pursue mutually beneficial and win-win opening-up policies, and promote high-level opening-up and high-quality development of the joint construction of the “Belt and Road,” which provide new opportunities for countries including Egypt.
The Chinese ambassador briefed the participants on China’s current economic situation, noting that the overall situation of epidemic prevention and control in China is stable and improving.
“It is highly likely that China’s economic growth rate will reach a normal level in 2023. The keyword for China’s economic development is stabilization and recovery,” he said.
Reviewing the achievements of the China-Egypt economic and trade cooperation in recent years, Liao emphasized that the core of such cooperation is mutual benefit and win-win results.
The joint BRI construction is highly compatible with Egypt’s 2030 Vision, he said, adding that China will strengthen coordination with Egypt on implementing the nine programs announced at the Forum on China-Africa Cooperation and the eight major cooperation initiatives proposed at the China-Arab States Summit.
Egyptian entrepreneurs are welcome to participate in the 6th China International Import Expo to be held in Shanghai, China in November this year, Liao said.

Posted by: psychohistorian | Feb 22 2023 6:53 utc | 115

From Xinhuanet about China/Iraq

BAGHDAD, Feb. 21 (Xinhua) — Iraq on Tuesday signed deals with two Chinese companies and a United Arab Emirates (UAE) firm to develop six oil and gas fields as part of its efforts to increase the production of much-needed natural gas for power plants.
During the signing ceremony at the Iraqi Ministry of Oil in Baghdad, Iraqi Prime Minister Mohammed Shia’ al-Sudani congratulated all parties on signing the contracts for the fifth energy auction held in 2018, the official Iraqia TV reported.
“Reform in the oil sector is the optimal investment for oil wealth, and Iraq’s entry into the global gas market is an option that we have planned and will implement,” said al-Sudani.
“One of the main causes for the electricity crisis (in Iraq) is the lack of fuel. We will reach self-sufficiency in gas within three years to cover all our needs,” he added.
In April 2018, Iraq held a competition in the bidding round for licenses to explore and drill for oil and gas in six blocks in eastern and southern Iraq. A UAE oil company and two Chinese oil firms won the bids and were awarded the licenses.
After obtaining the licenses, the ministry signed two initial contracts with China’s Geo-Jade Petroleum Corporation to develop the blocks of Naft Khana in the eastern province of Diyala and Huwieza in the southeastern province of Maysan.
It also signed an initial contract with another Chinese company, United Energy Group (UEG), to develop the al-Sindibad block in the southern province of Basra.
In addition, the ministry signed three initial contracts with the UAE Crescent Petroleum company to develop the three blocks in Kilabat-Gumar and Khashim al-Hmer-Injana in Iraq’s eastern province of Diyala, and Khudhr al-Maa in the southern province of Basra.
The 2018 auction was the fifth in the country since Iraq opened its oil and gas sector for foreign investment in 2009.
Iraq, a member of the Organization of the Petroleum Exporting Countries (OPEC), boasts more than 145 billion barrels of proven oil reserves and 132 trillion cubic feet of proven natural gas reserves.
Iraq’s economy heavily relies on crude oil export, which accounts for more than 90 percent of the country’s revenues.

Posted by: psychohistorian | Feb 22 2023 6:55 utc | 116

Team Jorge is looking after your election.
Source: http://www.defenddemocracy.press/israelis-meddling-in-33-elections-building-a-totalitarian-world-order/

The unit is run by Tal Hanan, a 50-year-old former Israeli special forces operative who now works privately using the pseudonym “Jorge”, and appears to have been working under the radar in elections in various countries for more than two decades.
He is being unmasked by an international consortium of journalists. Hanan and his unit, which uses the codename “Team Jorge”, have been exposed by undercover footage and documents leaked to the Guardian.
Hanan did not respond to detailed questions about Team Jorge’s activities and methods but said: “I deny any wrongdoing.”
The investigation reveals extraordinary details about how disinformation is being weaponised by Team Jorge, which runs a private service offering to covertly meddle in elections without a trace. The group also works for corporate clients.
Hanan told the undercover reporters that his services, which others describe as “black ops”, were available to intelligence agencies, political campaigns and private companies that wanted to secretly manipulate public opinion. He said they had been used across Africa, South and Central America, the US and Europe.
One of Team Jorge’s key services is a sophisticated software package, Advanced Impact Media Solutions, or Aims. It controls a vast army of thousands of fake social media profiles on Twitter, LinkedIn, Facebook, Telegram, Gmail, Instagram and YouTube. Some avatars even have Amazon accounts with credit cards, bitcoin wallets and Airbnb accounts.

etc etc,.
I am intrigued that this undercover work was done for, and reported in, The Guardian. I assume the good Team Jorge has mightily offended MI6 or Integrity Initiative or Institute for Statecraft etc. Perhaps they posted sex toys there too in a discredit campaign. Time might tell us more.

Posted by: uncle tungsten | Feb 22 2023 8:55 utc | 117

Posted by: uncle tungsten | Feb 22 2023 8:55 utc | 120
You could be right.
One of the authors of that report you link to is Carole Cadwalladr.

British ‘watchdog’ journalists Mason and Cadwalladr unmasked as security state lapdogs
Jonathan Cook·June 21, 2022.
“>https://thegrayzone.com/2022/06/21/british-journalists-mason-cadwalladr-security-state-lapdogs/

Posted by: Walt | Feb 22 2023 10:39 utc | 118

the economist
I have a number of friends who consider themselves “progressive” ie, anti-war and who hate Putin. It’s personal. Some almost brag that they read the Economist, the Guardian and watch/listen to the BBC. Our friendships are strained and maybe some are broken. So I did a little test to try and understand what’s in their heads– I searched for “Putin the Economist”, then clicked on “image”. Revealing to me. Same with “AMLO the Economist”, and others whom my friends don’t like anymore.
Try it if you have time and want to understand your friends if they read these kinds of publications. I might do this with them together. We’ll see how that works out!

Posted by: migueljose | Feb 22 2023 15:27 utc | 119

@ migueljose | Feb 22 2023 15:27 utc | 122

The Economist magazine was spun off of an private intelligence operation run by the Rothschild’s, the Economist Intelligence Unit.

Posted by: too scents | Feb 22 2023 15:41 utc | 120

“The Economist magazine was spun off of an private intelligence operation run by the Rothschild’s, the Economist Intelligence Unit.” too scents@123
I’m sorry but that is not true. It was founded in 1843 to campaign against the Corn Laws and for Free Trade. You are right that one of the minor shareholders is a Rothschild but the controlling interest is owned by the FIAT family-the Agnellis.
The Economist Intelligence Unit was founded in 1946.

Posted by: bevin | Feb 22 2023 16:01 utc | 121

@ bevin | Feb 22 2023 16:01 utc | 124

Interesting.
I was rather certain the the EIU began as a banking intelligence service similar to today’s Bloomberg, but somehow also grew out of (or parallel to) governmental agencies in the shadow of WWII.
Obviously the magazine serves to shape opinion rather than inform.

Posted by: too scents | Feb 22 2023 16:12 utc | 122

Is anybody still reading this? There are so many other threads on top of this one.
I just came across the name of Eduard Limonov, a Soviet writer. Anybody of you guys here familiar with him? Could you tell me what to expect from him, and maybe what book would be a good start?
Thanks!

Posted by: Scotch Bingeington | Feb 22 2023 16:58 utc | 123

US political vocabulary update.
Neo-con?
Neo-lib?
Both of these abominations have strayed so far from conservative and liberal values that both are betrayals of their origins. Call them what they both really are: dangerous assholes.

Posted by: Elmagnostic | Feb 22 2023 17:17 utc | 124

“…I was rather certain the the EIU began as a banking intelligence service similar to today’s Bloomberg, but somehow also grew out of (or parallel to) governmental agencies in the shadow of WWII.”
too scents@125
I am sure that you are right about that.
In 1946 capitalism was very unloved in the UK and those, like The Economist, who believed in it organised in its defence, both in terms of ideas, the magazine became scrupulous and authoritative (it no longer is) and in practical ways. The EIU was designed to help businesses thrive in difficult conditions.
I forget the figures but taxes on profits, unearned incomes and salaries in both the US and the UK were very steep and very progressive.

Posted by: bevin | Feb 22 2023 21:24 utc | 125

Here, Light Sleeper@129, some light reading.
Are you sure that your problem is not insomnia?
I think that you will find that you are referring not to slander but to libel.
https://covertactionmagazine.com/2023/02/22/corrupt-mexican-drug-czar-had-a-very-close-relationship-for-many-years-with-u-s-intelligence-says-mexican-security-analyst/?mc_cid=132dc0a5dd&mc_eid=f5d74d7021

Posted by: bevin | Feb 23 2023 1:26 utc | 126

Some more reading for those that need sleep or just something legitimate to whine and scream about.
February 21: https://wallstreetonparade.com/2023/02/credit-suisse-tanks-to-new-intraday-lows-as-wall-street-mega-banks-mysteriously-shake-off-the-contagion-effect/

The shares of Credit Suisse can’t find a bottom. They plunged to a new intraday low this morning in Europe to trade at the equivalent of $2.79 – down over 6 percent from their previous close.
Sparking the continued exodus out of Credit Suisse shares is the growing concern that the exodus of client assets from Credit Suisse has not found a floor. Reuters is reporting this morning that the Swiss financial regulator, FINMA, is investigating remarks made by Credit Suisse Group Chairman Axel Lehmann to the media in early December, which suggested that client asset outflows had stabilized. Simple math indicated they had not.
When Credit Suisse reported its earnings results in early February, CEO Ulrich Koerner had told Wall Street analysts that 85 percent of the client asset outflows in the last quarter of 2022 had occurred in October and November. That meant that approximately 15 percent of the outflows came in December.
And yet, Reuters reported that Lehmann had told the Financial Times in an interview that appeared online on December 1 that following the asset outflows in October, they had “completely flattened out” and “partially reversed.”

February 22: https://wallstreetonparade.com/2023/02/these-charts-scared-the-stock-market-into-a-700-point-drop-yesterday/

The Dow Jones Industrial Average plunged 697 points by the closing bell yesterday, wiping out all of its gains this year. Here’s a rundown of what happened.
At 2 p.m. ET today, the Federal Reserve will release the minutes of the Federal Open Market Committee (FOMC) meeting it held on January 31 and February 1. The stock market is particularly skittish on the day prior to the release of those minutes, out of concern that an overly hawkish tone on interest rates will tank stocks.
Given that skittishness, all the stock market needed for a major selloff was a trigger. It got that when Bloomberg News published this headline at 1:36 a.m. in the morning: Morgan Stanley Says S&P 500 Could Drop 26% in Months.
Morgan Stanley’s opinion matters for two main reasons: it has just shy of 16,000 stockbrokers (a/k/a “Financial Advisors”) who typically pitch the firm’s playbook to their clients; and it is a major prime broker to hedge funds who will get a boost from a negative outlook if they are shorting stocks.

Posted by: uncle tungsten | Feb 23 2023 1:41 utc | 127

bevin #130
Re your light reading suggestion:
https://covertactionmagazine.com/2023/02/22/corrupt-mexican-drug-czar-had-a-very-close-relationship-for-many-years-with-u-s-intelligence-says-mexican-security-analyst/?mc_cid=132dc0a5dd&mc_eid=f5d74d7021

In his opening statement, García Luna’s lawyer, César de Castro, pointed out that, throughout his long career, García Luna worked closely with a “who’s who of top U.S. officials in the State and Justice Departments, as well as in Congress and the White House.”
To that end, he showed the jury an array of photos of his client posing with Eric Holder, a former Attorney General, and Hillary Clinton, the one-time Secretary of State; and shaking hands with President Barack Obama.
These photos exemplify García Luna’s role as a key point man for Plan Mérida, a billion-dollar program lasting from 2008 to 2021 that was modeled after Plan Colombia—a militarized approach to the War on Drugs that provided a cover for fighting the left-wing Fuerzas Armadas Revolucionarias de Colombia (FARC).[7]
John Feeley, a senior American diplomat who worked for years on Plan Mérida, stated explicitly that García Luna was “our go-to-guy” because he was supposedly “the most effective partner we had.”[8]
A 2008 profile of “Mexico’s top cop” in The New York Times Magazine reported that, with his “square jaw, squat build and crew cut,” García Luna was seen as “something of a wunderkind” during his early days in the intelligence services. Later on, he was described telling a group of police officers that he would never protect a criminal organization.
The Mérida goal of police reform ran into endless difficulties under García Luna’s leadership, however, because, when sensitive intelligence information was shared with Mexican police, even those trained and vetted by the DEA, it was leaked to the traffickers almost routinely.
American-trained police officials in those units were killed one after another, apparently betrayed to the traffickers by others inside the government.

Where is John Feeley and what is his trajectory since those days looking after USA business in Mexico?
I asked andisearch.com “John Feeley, senior American diplomat”
https://www.academyofdiplomacy.org/member/john-feeley/
https://www.newyorker.com/magazine/2018/05/28/the-diplomat-who-quit-the-trump-administration
See how they pile on the whitewash for these creeps. How they are so fanatical cult worshipers slaving hard to defend the Democrat corrutocracy.

Posted by: uncle tungsten | Feb 23 2023 2:31 utc | 128

Posted by: migueljose | Feb 22 2023 15:27 utc | 122
The Guardian’s defense of Zionism makes me sick.
I’d rather watch ft than the Economist. The former at least has some information and ideas about a part of the bourgeoisie, the latter has nothing to read but propaganda.
For information on liberals I’d rather read articles from the Brookings Institution than the Guardian.

Posted by: Colin | Feb 23 2023 9:15 utc | 129

… taxes on profits, unearned incomes and salaries in both the US and the UK were very steep and very progressive.
Posted by: bevin | Feb 22 2023 21:24 utc | 128

The yoke of hard money was severe, but eventually broken.

Posted by: too scents | Feb 23 2023 9:27 utc | 130

Light Sleeper@133
If you really want to communicate with Bernhard you may do so through his email address. But you don’t. Your rude and silly posts are designed to insult and offend.
This is the literary equivalent of the thuggery that your fellow Zelensky supporters practise on Ukraine.

Posted by: bevin | Feb 23 2023 10:09 utc | 131

Totally random Canadian news— lettuce from the Bahamas!!
CBC News published a series of reports a couple days ago on the devastating drought in southwest USA. In one that I read, the report warned that Canadians would not be left unscathed by this. We source much of our lettuce and other greens from there (FFS, this is what the concern is, I thought at the time.) However, it looks like the Caribbean may be able to step up and fill in the gap. (Although it’s ridiculous to expect an uninterrupted supply of fresh lettuce in this climate in the darkest coldest months of the year, the Caribbean is an easy trading distance away so why not. I thought Mexico was a source for this but maybe there are politics involved, California and Arizona won out in the lettuce/greens wars. If avocados can require militarized protection, then why not romaine, I guess.)
https://magneticmediatv.com/2023/02/bamsi-lettuce-project/

Posted by: Bruised Northerner | Feb 23 2023 13:36 utc | 132

Just an add-on to @ 137
Maybe this in part explains the recent news coverage of that shark fighting a dog in the Bahamas.
https://www.ctvnews.ca/world/daring-dog-jumps-into-water-and-scuffles-with-12-foot-hammerhead-shark-in-the-bahamas-1.6282636
https://www.dailymail.co.uk/news/article-11771343/Shark-v-Dog-Astonishing-moment-12ft-hammerhead-attacked-Bahamas-pup-tourists-watch-on.html

Posted by: Bruised Northerner | Feb 23 2023 13:50 utc | 133

I don’t mean to turn this into the thread about lettuce, but it just seems to be a very large issue in Canada, judging by the media coverage.
https://globalnews.ca/news/9503499/uk-food-shortage-produce-limits/
https://globalnews.ca/news/9503514/wheel-of-fortune-fail-fresh-tropical-fruit/
(And I did a quick check, Mexico exports virtually all of its lettuce to the USA, leaving about a measly 5 million dollars worth for Canada. I guess Boston, New York and Chicago haven’t fully caught on to the greenhouse trend yet — pyramid scheme or just a regular cult, likely to apply there?)

Posted by: Bruised Northerner | Feb 23 2023 14:48 utc | 134