Category: FAIL

SoftBank-Funded ……… Is Never a Good Start for a Sentence

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It is remarkable just how many enterprises that Softbank funds are fraudulent, criminal, or fraud and criminality adjacent.

When one looks at their investment targets, like WeWork, Uber, and DoorDash, which are basically criminal enterprises, with defrauding investors, evading transportation and safety regulations, and stealing from delivery boys (respectively) being central to their business models.

And now another SoftFank funded dodgy outfit has blown up, Greensill, which financed supply chains.

It’s model was to pay suppliers immediately at a discount, and then collect the difference when the large firms actually buying the stuff paid on a 90 day, and frequently longer, cycle. 

Its finances were sufficiently sketchy that their insurer stopped writing them policies, and then the house of cards collapsed:

Supply chain finance disruptor Greensill is undone by its own financial alchemy, putting at risk thousands of jobs in the UK, Australia and the EU. The timing could not be worse for already buckling supply chains.

Disruptor seems to be a synonym for criminality and ignoring the lessons of finance learned over more than 500 years of fractional reserve banking.

On Monday, the supply chain finance firm Greensill Capital filed for insolvency after defaulting on a $140 million loan it owes to Credit Suisse. Its parent company in Australia had already filed for insolvency there. According to UK court documents, Greensill had “fallen into severe financial distress” and can no longer pay off its debts. Over the past week many of the company’s directors have been frantically jumping ship, including its chairman Maurice Thompson, Australia’s former foreign minister Julie Bishop and former Morgan Stanley executive David Brierwood.

The firm has been in trouble for some time, as I warned in a previous NC post. A number of its client companies already collapsed in 2020. In the aftermath attention switched to the financial menage á trois Greensill had formed with its primary backer, Soft Bank, and Swiss mega-lender Credit Suisse. Greensill was also under investigation by German banking regulator BaFin and the Association of German Banks, an industry group, over its German subsidiary Greensill Bank’s huge exposure to a single client: U.K.-based steel magnate Sanjeev Gupta.

Yep, SoftBank.  

When you want to get in on a fraud, pump it up, and get out leaving suckers holding the bag.

Greensill’s fall from grace was as spectacular as its meteoric rise, writes the FT‘s John Plender:

Greensill Capital went from nothing in 2011, when Lex Greensill abandoned a big-bank career, doing global supply chain financing at Morgan Stanley and Citibank, to go it alone. By 2019 this upstart non-bank says it had extended $US143 billion ($185.5 billion) of financing to 10m-plus customers and suppliers in 175 countries. Its founder also notched up powerful contacts in government and hired former UK prime minister David Cameron as an adviser.

Yeah, hiring David Cameron as an adviser is another tell that they are relying on smoke and mirrors more than anything else. 

It turns out that the model Greensill used was “Working” in the short term because it allowed companies to cook the books:

For large companies the advantages are twofold: they get to preserve cash on-hand by extending payment terms with vendors. They can also record the amount they owe to the supply chain finance firm or bank as accounts payable on the balance sheet rather than as debt. This makes their liquidity position appear healthier than it actually is. And that can be dangerous. Companies can conceal the true size of their debt for longer, leaving investors and creditors bearing bigger losses when they finally collapse, as happened with Spanish green energy giant Abengoa in 2015, UK outsourcing giant Carillion in 2018 and NMC Health, the former FTSE 100 private hospital company, in 2020.

They then repackaged and resold the debt, but this was dependent on these bonds being insured, and when their insurer decided to stop writing policies, and the debt became profoundly unattractive to put it mildly. so the house of cards collapsed.

Once again, though, the principals of the firm will be fine, but this collapse is ricocheting around the trans-national supply chain, and we don’t know when this game of musical chairs will end.

If this sounds familiar to you, it’s because it’s rather similar like Bear Stearns in 2008.

One hopes that the repercussions are less severe.

When You Follow a Defeat with an Own Goal

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Following years or organizing, progressive Democrats in Nevada took 4 of 5 of the leadership positions in the state Democratic Party, out organizing the Democratic Party establishment (There is no Democratic Party establishment) there.

The Nevada Democratic Party establishment (There is no Democratic Party establishment) then shot itself in the foot by convincing the entire staff of the party to quit. 

You see, you want your people there, picking up the mail, conducting polls, and managing the budget, because they are the ones best placed to sabotage the new leadership, as evidenced by the years long campaign of sabotage against Jeremy Corbyn by the professional staff of the Labour Party in the UK.

Not only will the new leaders be able to hire people that they trust, but should they refuse to resign when there is a change of power, they will be difficult, or at least embarrassing, to fire: 

Not long after Judith Whitmer won her election on Saturday to become chair of the Nevada Democratic Party, she got an email from the party’s executive director, Alana Mounce. The message from Mounce began with a note of congratulations, before getting to her main point.

She was quitting. So was every other employee. And so were all the consultants. And the staff would be taking severance checks with them, thank you very much.

(Emphasis mine) 

As an aside, make sure that the consultants stay resigned.  They are useless.

On March 6, a coalition of progressive candidates backed by the local chapter of the Democratic Socialists of America took over the leadership of the Nevada Democratic Party, sweeping all five party leadership positions in a contested election that evening. [I have gotten conflicting reports on this, it appears that the party Treasurer might be the old guard candidate] Whitmer, who had been chair of the Clark County Democratic Party, was elected chair. The establishment had prepared for the loss, having recently moved $450,000 out of the party’s coffers and into the Democratic Senatorial Campaign Committee’s account. The DSCC will put the money toward the 2022 reelection bid of Sen. Catherine Cortez Masto, a vulnerable first-term Democrat.

Again, asking for unity, and when your side does not win, sabotage the winners.

Democrats never do this for Republicans, but false Democrats always do this to real Democrats. 

………

Despite the pushback, Whitmer ultimately won the election, in which the state party’s governing members voted. In the certified election results, she received 244 to Segerblom’s 214; Jacob Allen won first vice chair by 101 votes; Dr. Zaffar Iqbal, on Whitmer’s progressive slate, was reelected second vice chair by 127 votes; Ahmad Adé won secretary by 39 votes; and Howard Beckerman won treasurer by three votes. [Again, note, the Las Vegas Review-Journal story has Beckerman losing.]

After the results, Mounce sent the email making clear that everyone on the small staff had resigned, including the party operations director, communications director, research director, and finance director.

An interesting coda to this is that, “The Democratic National Committee hired Mounce as their new political director last month.”

The final word on all of this is a reworking of Lyndon Johnson an old Lyndon Johnson quote:  “It is better to have them outside the tent pissing in than it is to have them inside the tent pissing in.”

Reid’s machine will try to take power back, and they will do so until the sun collapses into a cinder, but with all of their inside people gone, it will become much harder for them to do so.

Because ……… Texas

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It turns out that even under the insane rules under which the Texas energy markets operate, producers overcharged distributors and consumers to the tune of $16 billion.

Runnign the math, that’s about $550 for every man, woman, and child residing in Texas.

There are no plans to claw this back, because ……… Texas.

I’m thinking that we should allow Mexico to claw back the whole state:

An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed.

The monitor concluded that Texas kept wholesale prices high for 33 hours longer than warranted as the state dealt with a major winter storm that led to power shortages and mass blackouts and should correct this mistake by retroactively repricing its wholesale power market for that period.

A Public Utility Commission of Texas spokesman said the issue was slated for discussion at a scheduled meeting on Friday.

A reversal of the charges would be a boon to many participants in the market—from retailers to electric cooperatives, wind farms to multistate generators—that suffered significant financial harm when they needed to buy power at the peak price of $9,000 per megawatt hour.

The entire culture of government in Texas is deeply and pervasively corrupt, both at the elected official level as well as at the bureaucratic level.

It needs to be addressed, with many senior Texas political officials, and senior bureaucrats, frog-marched out of their offices in hand cuffs.

As Atrios Says

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“Time for another blogger ethics panel.”

It’s a catch phrase of his dating back to the early aughts, that he used, and still uses, whenever a reporter or columnist at one of the major news outlets is caught profiting off of an undisclosed conflict of interest.

This time, it’s David Brooks, who was caught taking a full time salary from the Aspen Institute as well as running the Weave Project,  both of which have taken money from Mark Zuckerberg, Jeff Bezos, the Walton (Walmart) family, and a plethora of corporate sources that he routinely shills for.

Brooks has resigned from the Aspen institute, the status of the rest of his affairs is unclear:

David Brooks has resigned from his position at the Aspen Institute following reporting by BuzzFeed News about conflicts of interest between the star New York Times columnist and funders of a program he led for the think tank.

Eileen Murphy, a spokesperson for the Times, said in a statement that editors approved Brooks’s involvement with Aspen in 2018, when he launched a project called Weave. But current editors weren’t aware he was receiving a salary for Weave.

Spoiler, he is receiving a salary for Weave.

………

Brooks’s resignation comes after BuzzFeed News discovered further evidence of conflicts of interest and entanglements with corporate and billionaire donors to Weave.

Brooks did not immediately respond to a request for comment.

BuzzFeed News first revealed Brooks never disclosed to Times readers that he takes a full-time salary for his work on Weave, or that its funders include Facebook, the father of Amazon founder Jeff Bezos, and other wealthy individuals and corporations. Brooks recently wrote a blog post for Facebook’s corporate website in praise of Facebook Groups, a product that has often been a fount of misinformation and hate speech.

………

If you know someone who lives alone ask them to join NextDoor, which is Facebook for neighborhoods. It helps them stay in touch with those right around them. Vital in a crisis.

— David Brooks (@nytdavidbrooks) March 14, 2020

Over the past 24 hours, BuzzFeed News discovered new evidence of potential conflicts. On March 15 of last year, as Americans faced a deadly pandemic, Brooks appeared on “Meet The Press”and offered some advice.

“We need to take moral steps to make ourselves decent neighbors to each other as we go through this thing. I think people should get on Nextdoor, this sort of ‘Facebook for neighbors,’” he said.

Left unsaid by Brooks was that Nextdoor, a social network for neighborhoods, had donated $25,000 to Weave. A day before his appearance on the nationally televised NBC program, Brooks also tweetedto his nearly 250,000 followers, “If you know someone who lives alone, ask them to join NextDoor.”

Another new revelation: Last month, Brooks appeared in a Walton Family Foundation video and did not disclose that the organization, run by the billionaire family that founded Walmart, also funds his project.

Brooks’s failure to disclose these conflicts of interest added to the string of ethically questionable actions by the columnist and author related to his work on Weave.

Brooks will survive this, he fits the NYT narrative for a, “Reasonable Conservative,” but in a less toxic workplace than the Times newsroom, he would be gone.

Why the Hell Haven’t I Been Banned from Twitter?

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And I am outraged that James Hodgkinson was not a better shot.

— Jack Dorsey Is Objectively Pro-Nazi (M.G. Saroff) (@40_Years) March 4, 2021

Seems bannable to me

In response to a Tweet from Steve Scalise (R-LA) wherein he expressed, “Outrage,” over the House of Representatives passing a bill to make it easier for people to vote, I replied, “And I am outraged that James Hodgkinson was not a better shot.”

James Hodgkinson, as you probably already know, was the left-wing gunman who opened fire on a baseball practice being conducted by Congressional Republicans, severely wounded Representative Scalize. (He nearly died, both from the immediate effects of the shooting, and later from a post operative infection.)

Not only am I still on Twitter, but I haven’t even been called an asshole.

At least this time, unlike the last time, I will actually have done something meriting a banning.   (Last time, it was (I think, I never got an answer) for using the term “Wymyn” as a part of a joke.)

You have to love automated content moderation, where things like discussions of chess get flagged as hate speech.

It’s like They Are Playing to Lose

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The headline in New York Magazine says it all, “Democrats Strip $1,400 Checks From 12 Million for No Reason.” 

That’s 12 million voters who know that the Democrats lied to them, and they were likely the margin of victory in at least one of the Georgia runoffs that gave Democrats Joe Manchin control of the US Senate.

This is horrible policy, about $8 billion in a $1.9 trillion stimulus package, 0.42%, and it is worse politics.


The official hat of the Biden Administration

The stimulus checks are the single most popular part of the bill, but the so-called moderates in the Democratic Party establishment (There is no Democratic Party establishment) needed a scalp so that they could wave their dicks, and Biden caves.

To quote not-Tallyrand, (it is frequently misattributed to him) “It is worse than a crime, it is a mistake.

Democrats often wonder why they don’t get more votes, because their policies are popular.

They don’t get more votes because people do not believe that Democrats will actually follow through.

Yes

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Over at The American Prospect, they ask, “Are Endowments Damaging Colleges and Universities?“

That sounds nonsensical, but that is because the real question that they are asking is, “Is the path chosen by universities and colleges to rely on risky and extremely high fee strategies run by Wall Street big shots to increase returns on their endowments damaging colleges and universities?”

That answer is unequivocally yes, even if you are not as incompetent a steward of your college’s money as Larry Summers was at Harvard. 

The goal of the Wall Street big shots is to maximize their own personal gain, and by promising big and providing almost Byzantine complexity that shields them from oversight, they make bank, and the colleges get f%$#ed:

These are perilous times for private, nonprofit, independent higher education, and not just because of changing demographics, ever-climbing tuitions, and pandemic shutdowns. For years, education researchers have charged that institutions are unable to control costs effectively, especially their operating costs. In public discourse, colleges and universities are often characterized as reckless spenders. So when they slash academic budgets or cut staff, nearly everyone shrugs. Higher education has gradually accommodated itself to austerity thinking. But as any critic of neoliberalism can tell you, austerity is really just another way that money and resources are redistributed upward, and outward.

It is rarely, if ever, discussed how endowment fund management is an integral part of the budget problem. As the tax filings of virtually every private college or university show, enormous investment management fees are pouring out of nearly every substantial endowment and into the pockets of fund managers. Most of these fund managers are not university employees, but rather work for industries such as private equity, hedge funds, and other so-called “alternative” investments. According to its tax filings, Oberlin College (my alma mater) paid out a total of $14,872,522 in investment management fees between 2013 and 2017, averaging around $3 million per year. During that same period, Amherst College paid out $186,601,258. At both colleges, investment management fees actually exceeded reported profits from investments several times. Excluding Harvard (which manages its roughly $41 billion endowment internally and has also faced criticism for immensely high overheads), the remaining Ivy League colleges reported paying out $241,653,279 in fees in 2017 alone. That same year, Stanford University paid out $47,901,005, and Johns Hopkins $28,112,000. The list goes on and on.

………

But we can say that the pattern reflects a widespread institutional practice with endowments, tax-free investments held by nonprofit institutions that provide education as a public good. Increasingly, endowments are invested in expensive, secretive, unregulated, illiquid, risky, and hard-to-value financial instruments—the strategy laid out by David Swensen in his book Pioneering Portfolio Management and nicknamed the “Yale Model.” While acknowledging the greater risks involved, Swensen credits Yale’s returns to this strategy, noting that “developing partnerships with extraordinary people” is the single most important element for its success. What makes these people extraordinary is not specified, but the enormous amounts of money they are paid does fit that description.

Nontraditional asset class investing has become so widely fashionable among university endowments that it has taken the form of ideology. Very few institutions seem to balk at putting alumni and other donations into risky, illiquid investments, something that would have been regarded as foolish and dangerous only a few decades ago.

 As I have said here many times, “There is nothing that the finance industry cannot ruin.”

Took You Long Enough

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Workers in Alabama – and all across America – are voting on whether to organize a union in their workplace. It’s a vitally important choice – one that should be made without intimidation or threats by employers.

Every worker should have a free and fair choice to join a union. pic.twitter.com/2lzbyyii1g

— President Biden (@POTUS) March 1, 2021

He could have made this statement 2 weeks ago.

Amazon has been evil and brutal for months over the unionization effort, and Biden’s response now is late and inadequate.

What Should Be Done Now, and Won’t Be Done

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Now that the Senate Parliamentarian has ruled that a minimum wage increase cannot be passed through the reconciliation process, the course of action is clear, or at least it should be.

The President of the Senate, Vice President Kamala Harris, can overrule the unelected Senate official, and it would require a vote of 60 Senators to overrule her decision.

Unfortunately, given that Biden has already said that he thought that a minimum wage increase was dead, and Biden’s chief of staff has said that Harris would not rule against her, it appears that they are playing to lose.

Not a surprise.  Learned helplessness, is an innate trait of the Democratic Party establishment (There is no Democratic Party establishment), and Joe Biden has enormous affection for an institution frequently called, “A Petri Dish for Psychopaths.”

If they were not cowards or delusional, here is what would happen:

On Thursday, a key Senate official advised Democratic lawmakers that the chamber’s rules do not allow them to include a minimum wage increase in President Joe Biden’s first COVID-19 relief legislation. The ruling from the parliamentarian means that Vice President Kamala Harris could decide the fate of one of the Democratic Party’s most significant campaign promises — but it remains unclear what she will end up doing.

As the presiding officer of the Senate, Harris — who has long touted her support for a $15 minimum wage — can now use the power her predecessors have used to ignore the advisory opinion and fulfill Biden’s campaign promise to boost the wage. A confidential memo obtained by The Daily Poster now circulating on Capitol Hill spells out exactly how that could be accomplished.

However, White House chief of staff Ron Klain this week declared that Harris will refuse to use that power — a decision that would effectively put the Biden-Harris administration in the position of potentially killing the prospect of minimum wage legislation for the foreseeable future. Immediately after the parliamentarian’s ruling, the White House issued a statement reiterating Klain’s comment, declaring that “Biden respects the parliamentarian’s decision.”

Some congressional Democrats have already been arguing that the Biden administration’s refusal to overrule the parliamentarian would be immoral and a political disaster for their party.

………

As such, Democrats are working to pass the COVID bill using the convoluted budget reconciliation process. The process will allow for a simple majority vote on the final legislation, but it also allows Senate parliamentarian Elizabeth MacDonough to recommend tossing certain provisions if she decides they violate the so-called Byrd Rule, which is designed to prohibit extraneous matters outside of federal spending issues to be added to budget legislation.

BTW, while not common, overruling the parliamentarian is by means rare, particularly given that the Senate can pass one reconciliation bill in a year:

Vice presidents have ignored the parliamentarian in the past. According to Slate, “Vice President Hubert Humphrey routinely ignored his parliamentarian’s advice.”

Roll Call reported last month: “Precedents for ignoring parliamentary advice include 1967, 1969, and 1975 efforts to change the Senate’s threshold to end debate from a two-thirds vote to three-fifths.”

 ………

In a new memo circulating to lawmakers and obtained by The Daily Poster, Harris’s power as the presiding Chair of the Senate is spelled out, citing a precedent set during the Clinton administration.

“It would take 60 votes to overturn the ruling of the Chair on a Byrd Rule point of order, regardless of what the Parliamentarian advises,” states the memo. “Based on a search of the Congressional Record, it appears that only twice has the chair’s ruling on a Byrd Rule point of order been appealed. Both instances occurred on August 6, 1993, during consideration of the Omnibus Budget Reconciliation Act of 1993. Neither appeal garnered the 60 affirmative votes necessary to overturn the Chair’s ruling.”

Like I said, the Dems are playing to lose, and come 2022, lose they will.

Today in Stupid

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It appears that one of the Capitol rioters was texting his ex-wife while breaking into, and said ex promptly notified the federal constabulary of the state of affairs.

As the saying goes, “バカにつける薬はない”.*

One consistent theme so far in the enormous federal investigation of the Jan. 6 attack on Congress is the overwhelming willingness of friends, family and lovers of Capitol rioters, past and present, to rat them out to authorities.

Wednesday brought yet another exemplary entry to the court record.

According to an FBI agent’s affidavit in a newly unsealed case, Richard Michetti texted someone with whom he had a prior romantic relationship several times during the attack. She contacted authorities the following day.

Michetti allegedly sent a video showing himself on Capitol grounds during the riot. Another video showed him inside the Capitol Building itself, according to the affidavit. He also allegedly texted a string of updates about what he was up to as he rampaged with the mob.

In addition to everything else, I get the sense that these folks were NOT exactly the the sharpest knives in the drawer.

*Pronounced in Japanese, “baka ni tsukeru kusuri wanai”, which means, “There is no medicine for stupidity.” Apologies for any inaccuracies in the text, I do not know Japanese.

Because They Cannot Resist Hippie Punching

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Joe Biden is looking to appoint Rahm Emanuel ambassador to Japan.

I get it.  Rahm was once an important member of the Democratic Party establishment (There is no Democratic Party establishment), but there is no reason to appoint him to anything.

He is so incredibly awful that he was forced out as mayor, and under his watch, the police literally operated a black torture site, he sold his city to any well dressed charlatan with a few buck of campaign donations.

The only reason for Rahm to be given a position like ambassador to Japan, where, let’s be clear, he won’t have anything substantive to do, career bureaucrats in the US and Japanese have been handling the important stuff for years, is to show progressives in the Democratic Party that they are neither respected nor valued:

Former Chicago Mayor Rahm Emanuel appears poised to take on a high-profile ambassadorship for President Biden, a step likely to trigger contention with progressives who’ve balked at him taking a Cabinet role.

Emanuel is the front-runner to be Biden’s nominee as ambassador to Japan, sources familiar with the matter told The Hill.

He’s also being considered for the post in China, but sources said Japan is the more likely landing spot for former President Obama’s chief of staff. Former State Department official Nicholas Burns is the likely front-runner to end up in Beijing.

The diplomatic role in Asia would mark a high-profile return to the federal government for Emanuel, who built a reputation as a brash but effective political tactician in the Democratic Party.

Emanuel led Democrats to the House majority in 2006, working closely with Speaker Nancy Pelosi (D-Calif.) to return the party to power for the first time since the Gingrich revolution in that cycle.

What he has is a gift for self-promotion.

He dropped millions on candidates who stood for nothing, and lost, while Howard Dean’s 50 state strategy generated seats that Rahm wrote off completely.

Furthermore, “Brash but effective,” is the WORST POSSIBLE combination for dealing with Japan.

Brash does not play well in Japan, though they do understand that the position is a political plum:

Japan has been seen as a top diplomatic post. Past ambassadors to Japan include the 1984 Democratic presidential nominee Walter Mondale, the legendary GOP senator Howard Baker and Caroline Kennedy.

See what I mean?

These are people who understood their role was not to make (or even implement) policy, but to show that the ambassadorship is prestigious, and hence the relationship is valued.

Even if we weren’t dealing with a crass and venal incompetent who had spent his political life failing up, he is spectacularly unsuited to this position.

So, We Are Bombing ISIS, and Supporting the Kurds, and a Group That Was Al Qaeda, Which Is Fighting the Kurds………

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And now our NATO “ally” Turkey has invades Syria to fight the Kurds and support ISIS and the group that was al Qaeda.

This is completely f%$#ed up:

In recent years, President Recep Tayyip Erdogan ordered plans drawn up for a Turkish military incursion into Syria. At every turn, though, military commanders, already fighting a war inside Turkey against Kurdish militants, pushed back.

And then last month a rebel faction of the military tried to stage a coup, and that changed everything.

In the aftermath of the coup, which failed but claimed more than 200 lives, Mr. Erdogan purged thousands of officers from the ranks, leaving the military seemingly depleted. It also provoked worry from Western allies, including the United States, that Turkey would either be unwilling or unable to be a reliable partner in the fight against the Islamic State.

Instead, the opposite happened on Wednesday, as Mr. Erdogan ordered Turkish tanks and special forces soldiers into Syria, under cover of American and Turkish warplanes, to assist Syrian rebels in seizing the city of Jarabulus, one of the last border strongholds of the Islamic State.

More Turkish tanks rumbled into northern Syria on Thursday to support rebels there, and the Turkish military seemed to be succeeding in clearing the border area of Islamic State militants, and preventing Kurdish militias from seizing more territory in the region — a primary goal of Turkey in the campaign.

The operation, coming so soon after the failed coup, has highlighted how Mr. Erdogan, even after the purge, secured more operational control of the military. It allowed him to undertake Turkey’s most ambitious role yet in the long Syrian civil war and to bolster the flagging fortunes of rebel groups, of which Turkey has been one of the most consistent supporters.

Other factors holding back Turkey’s ambitions in Syria were also recently resolved. A feud with Russia, which began last year after Turkey shot down a Russian warplane near the border, ended after Mr. Erdogan expressed regret for the episode. After Ankara’s relations with Moscow deteriorated, a Turkish incursion into Syria could have risked war with Russia, which has been bombing rebels in support of the Syrian government. And the United States, which had previously been opposed to Turkey’s intervention, agreed to support it.

Seriously.  This is f%$#ed up and sh%$.

We are supporting sides at war with each other and our allies are supporting different sides that are fighting each other.

The only foreign powers with a coherent policy are Iran and Russia, they both support Assad, which is truly scary.

Microflaccid Office Fail

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It turns out that one of the major data exchange formats for genetics is Microsoft Excel, and we have now discovered that the Redmond company’s flagship spreadsheet program has been autocorrecting the data into oblivion:

For many people, working with error-ridden spreadsheets is a way of life. This takes on added meaning for genomics researchers, who study the building blocks of life. It turns out that their work, too, is rife with dodgy spreadsheets.

A new paper has revealed the vast extent of errors in published genomics research, which is down to an unfortunate quirk of Microsoft Excel. A trio of scientists in Australia scanned 7,500 Excel files with gene lists accompanying 3,600 papers in 18 journals over a 10-year period. One-fifth of the files had easily identified errors, which is “quite striking and a little bit embarrassing,” says Mark Ziemann of the Baker IDI medical research institute in Melbourne, one of the paper’s co-authors.

What happened? By default, Excel and other popular spreadsheet applications convert some gene symbols to dates and numbers. For example, instead of writing out “Membrane-Associated Ring Finger (C3HC4) 1, E3 Ubiquitin Protein Ligase,” researchers have dubbed the gene MARCH1. Excel converts this into a date—03/01/2016, say—because that’s probably what the majority of spreadsheet users mean when they type it into a cell. Similarly, gene identifiers like “2310009E13” are converted to exponential numbers (2.31E+19). In both cases, the conversions strip out valuable information about the genes in question.

What on earth inspired all these researchers to use what can only be described as the greasy kid stuff of analysis and data storage for this purpose?

It’s nucking futz.

Speaking of Defense Procurement Misconduct………

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The US Air Force has declared the F-35 A combat ready.

The Pentagon’s director of operational test and evaluation (DOT&E) has declared that it is not even close:

The Pentagon’s top weapons tester is again sounding the alarm over the F-35 Joint Strike Fighter, warning that significant deficiencies with the gun, challenges integrating the short-range AIM-9X missile and unresolved software bugs could delay fielding of the jet’s full capability.

 On the heels of the U.S. Air Force’s milestone decision to declare the F-35A ready for battle, the Pentagon’s director of operational test and evaluation (DOT&E) is raising new concerns about Lockheed Martin’s fifth-generation fighter. In an internal memo to Defense Department leadership Aug. 9, the DOT&E warned the jet still has a long way to go before full combat capability and may run out of funds to fix significant performance problems on time if late discoveries delay the end of the program’s development phase.

 ………

 In response to Aviation Week queries, the DOT&E reiterated concerns that the program’s official start date for IOT&E is “not realistic,” repeating the agency’s public assessment that the F-35 will not be ready to begin the test period until mid-2018 at the soonest—assuming the JPO can provide production-representative test aircraft by then.

Late, over budget, and not combat ready.

The internal fun does not shoot straight, there are cracks in the carrier variant’s wings, external carriage of ordinance is at least 2 years away.

The Pentagon procurement process at its finest.

Oops!

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It turns out that because of sloppy law writing in Missouri, theft is no longer a felony in the Show Me State:

On an opinion that went largely unnoticed, the Missouri Supreme Court issued a ruling Tuesday that had the effect of making most stealing offenses no longer felonies thanks to an apparently inadvertent change to state law way back in 2002. The far-reaching decision sent criminal defense attorneys across the state scrambling.

The case – State v. Bazell – was brought by a woman who had been convicted of multiples felonies for stealing firearms, among other things, in a burglary case. The court said the firearm felonies should be knocked down to misdemeanors because a portion of the state’s criminal code designating certain types of offenses as felonies is written in a way that doesn’t make it applicable to the state’s definition of stealing itself.

“If the words are clear, the Court must apply the plain meaning of the law,” the opinion said. “When the meaning of a statute is clear, the Court should not employ canons of construction to achieve a desired result.”

………

Subparagraph 3 covers a whole assortment of stealing crimes, including the stealing of explosives, credit cards, motor vehicles, property deeds, anything worth between $500-$25,000 and in any case in which the suspect physically takes something from the victim’s person. Additionally, subparagraph 8 – which designates stealing anything worth more than $25,000 as a Class B felony – has similar language, and thus is no longer applicable as well, public defenders believe.

Because of Tuesday’s ruling, anyone who was charged with a felony for those kinds of crimes has a chance to get it brought down to a misdemeanor, as long as it’s for a crime after 2002, when the language was added, Flottman said.

Son of Missouri Harry S Truman must be spinning in his grave.

Son of Missouri Mark Twain must be laughing somewhere.

And the Middle East Gets Even More Pear Shaped………

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Today in an interview, Yemen’s former president, Ali Abdullah Saleh, the guy who got deposed by the guy that the House of Saud is supporting, just said that Russia can have access to all of Yemen’s facilities:

In a TV interview today, Yemen’s ex-president, Ali Abdullah Saleh, appeared to invite Russian military intervention in the country’s conflict. He talked of reactivating old Yemeni agreements with the Soviet Union and offfered “all the facilities” of Yemen’s bases, ports and airports to Russia.

Saleh seemed to be advocating something similar to what happened in Syria, where Russia and Iran joined the conflict on the Assad regime’s side under the guise of fighting terrorism. A video of the interview is here, with a transcript in Arabic here.

Saleh, who was ousted from the presidency in 2012, is allied to the Houthis who currently control the Yemeni capital and large parts of the country, especially in the north. For more than a year Saudi-led forces, who back Saleh’s exiled successor, Abd-Rabbu Mansour Hadi, have been bombing Houthi-controlled areas of Yemen. Meanwhile the Houthis, who have some Iranian backing, have attacked Saudi territory in the border area.

………

“We extend our hands to Russia. We have agreements with the Russian Federation which were with the Soviet Union. The legitimate heir to the Soviet Union is the Russian Federation, we are ready to activate these treaties and agreements that were between us and the Soviet Union.

“We agree on a principle, which is the struggle against terrorism … We extend our hands and offer all the facililties, and the conventions and treaties … We offer them in our bases, in our airports and in our ports – ready to provide all facilities to the Russian Federation.”

The most recent negotiations broke down, which is not a surprise, since the only offer on the table was unconditional and complete surrender by the Houthis.

I don’t expect Russia to take up this offer, but once again, our “Allies” in the Middle East find a way to make a conflict a complete cock up.

And the Infection Spreads

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The Wheels bus system in northern California has decided to start subsidizing Lyft and Uber:

In a first for California, a public transit agency next month plans to begin subsidizing fares of people who take private Uber and Lyft cars to local destinations rather than riding the bus.

Passengers ordering Uber or Lyft car trips within two test areas of Dublin will be eligible to get door-to-destination service at a big discount under a partnership between the ride-hailing companies and the Wheels public bus system in Dublin, Alameda and Pleasanton.

The Livermore Amador Valley Transit Authority, which operates Wheels, said the one-year pilot project could help pave the way for changes in how public transit agencies in the United States serve suburban areas hampered by far-flung bus routes, few riders and little money from fares.

This is going to end in a morass of corruption and incompetence.

See my post on the city of Arlington, VA considering the same here.

Am I the Only Who Sees Fail Written All Over This?

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NASA is looking at handing operations of its space station to private business in the next decade:

NASA is giving us some more insight into its plans to get humans to Mars, under the blanket mission called ‘Journey to Mars,’ and during the press conference, NASA Deputy Associate Administrator for Exploration Systems Development Bill Hill revealed that the current hope is to hand off control of the International Space Station to a commercial owner by sometime around the mid 2020s.

“NASA’s trying to develop economic development in low-earth orbit,” Hill said, speaking on a panel of NASA staff assembled to discuss the upcoming Mars mission. “Ultimately, our desire is to hand the space station over to either a commercial entity or some other commercial capability so that research can continue in low-earth orbit, so that research can continue in low-earth orbit.”

The timing fits with the end of The U.S. Government’s current funding of the ISS program, which was extended by President Obama’s administration from its original deorbiting date of 2016 through 2020. Operations were prolonged through 2024 to help give NASA a platform from which to run its near-Earth preparatory missions leading up to the ultimate manned mission to Mars.

If this works as well as the privatization of British rail, I would be very surprised.

This is Getting Insane

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We are now scrambling jets to defend its allies in Syria against the Assad regime:

U.S. fighter jets scrambled to eastern Syria this week when Syrian bombers attacked in the vicinity of American and coalition Special Operations forces working with Kurdish and Arab opposition fighters, the Pentagon said Friday.

The unprecedented incident, near the Syrian city of Hasakah, did not result in a direct confrontation or any injury to U.S. or coalition forces.

But it illustrated the increasingly tense and ambiguous Syrian battlefield, where aircraft and ground troops from multiple countries — with multiple agendas and loyalties — are fighting overlapping wars.

Following the initial Thursday incident, the coalition began “actively patrolling the airspace nearby,” a Defense Department official said. Early Friday, “two Syrian SU-24 aircraft attempted to transit the area and were met by coalition fighter aircraft,” which “encouraged” the Syrians to depart “without further incident,” said the official, who spoke on a Pentagon-imposed condition of anonymity.

The Syrian military, engaged in a five-year civil conflict, has generally given a wide berth to U.S. aircraft targeting the Islamic State, as have Russian jets aiding their Syrian ally. But local fighters being assisted by U.S. Special Operations forces on the ground are often opposed to both the Islamic State and the government of Syrian President Bashar al-Assad.

………

Marine Maj. Adrian Rankine-Galloway said that the Syrian strikes targeted Kurdish forces in Hasakah on Thursday. Social-media reports indicated that several Kurds were killed in the bombing.

U.S. forces initially contacted Russia, using “deconfliction” channels established to ensure that Russian and U.S. planes over Syria avoid each other, but were told that the bombers in question were not Russian. Ground forces received no response to attempts to contact the planes through a recognized radio channel.

The United States then launched a “combat air patrol,” Rankine-Galloway said. It arrived in the area as the Syrian Su-24 ground-attack aircraft were leaving. While he would not specify from where the U.S. aircraft were launched, the United States maintains a contingent of F-15 fighter jets at Incirlik Air Base in Turkey.

So, now the Syrians are bombing the Kurds.

My guess is that this is a result of the recent Turkish and Russian rapprochement:  The Turks see any form of Kurdish state as an existential threat to their state, and so the Syrian attacks on Kurdish positions are likely an artifact of this.

The US is clearly unamused by this development, since there are reports that fighters sent to intercept the Syrian aircraft was an F-22, probably because they were concerned about Syrian and Russian SAMs.

The US forces are in a bit of a bind though, because the Turks are implacably opposed to any Kurdish autonomous regions.

The only way the US wins this game is not to play.

Interesting Take-Away on “Fixing” Obamacare

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Over at Naked Capitalism, a commenter makes a long and detailed post about Aetna and its pulling out of the exchanges. He ends with this:

Finally, two important take-aways from this. First, there is nothing in ObamaCare for Hillary’s “incrementalism” to address. It is simply too broken for even the industry’s master to deal with. Second, much as they tried, the Republicans did NOT kill ObamaCare. Capitalism did.

I think that this is an accurate description of the problems inherent in the system.

He also states that he was familiar, though not necessarily involved, in discussions on the “Public Option”, and that it was not killed as a sop to the insurers and big pharma, but because it it could not be made to work in the way that the Obama administration wanted it to, which was to screw sick people without making it too obvious:

………The public option (and this comes from as close to an insider as you’ll ever likely have) was put in as a dumping ground for the pre-existing conditions that the insurers didn’t want. It was in effect a high risk pool by another name, because “high risk pool” would make ObamaCare sound too much like car insurance, not a good selling point for sure. The problem was how to get high risk claimants into the public option without using the words pre-existing conditions. Could their actuaries identify these people by other criteria in a close enough fashion to where the math would still work out (i.e., where profit was still there). As time wore on, it became clear that this simply was not going to be possible, at least not to a level that was close enough to make the idea work.

This narrative makes sense to me, since most of Obama’s initiatives in the area of regulation and the roll of government have been directed toward privatizing profits and socializing losses. (He is very much a Chicago school kind of guy)

It’s a cogent critique which boils down to:  If you want healthcare to work in a profit driven marketplace, you can’t.

Of course the Teabaggers out there will have a different take, which is that Obamacare was designed to fail to force us into single payer, which would turn all of us into Kenyan Muslim Communists., but Teabaggers believe that markets can never fail, that they can only be failed.