Hegemonic Han N+1 and N-1 Equals PHUK EVERYONE and Must Not be Tolerated...,

nature |  A laboratory in Wuhan is on the cusp of being cleared to work with the world’s most dangerous pathogens. The move is part of a plan to build between five and seven biosafety level-4 (BSL-4) labs across the Chinese mainland by 2025, and has generated much excitement, as well as some concerns.

Some scientists outside China worry about pathogens escaping, and the addition of a biological dimension to geopolitical tensions between China and other nations. But Chinese microbiologists are celebrating their entrance to the elite cadre empowered to wrestle with the world’s greatest biological threats.

“It will offer more opportunities for Chinese researchers, and our contribution on the BSL‑4-level pathogens will benefit the world,” says George Gao, director of the Chinese Academy of Sciences Key Laboratory of Pathogenic Microbiology and Immunology in Beijing. There are already two BSL-4 labs in Taiwan, but the National Bio-safety Laboratory, Wuhan, would be the first on the Chinese mainland.

The lab was certified as meeting the standards and criteria of BSL-4 by the China National Accreditation Service for Conformity Assessment (CNAS) in January. The CNAS examined the lab’s infrastructure, equipment and management, says a CNAS representative, paving the way for the Ministry of Health to give its approval. A representative from the ministry says it will move slowly and cautiously; if the assessment goes smoothly, it could approve the laboratory by the end of June.

BSL-4 is the highest level of biocontainment: its criteria include filtering air and treating water and waste before they leave the laboratory, and stipulating that researchers change clothes and shower before and after using lab facilities. Such labs are often controversial. The first BSL-4 lab in Japan was built in 1981, but operated with lower-risk pathogens until 2015, when safety concerns were finally overcome.

The expansion of BSL-4-lab networks in the United States and Europe over the past 15 years — with more than a dozen now in operation or under construction in each region — also met with resistance, including questions about the need for so many facilities.

The Wuhan lab cost 300 million yuan (US$44 million), and to allay safety concerns it was built far above the flood plain and with the capacity to withstand a magnitude-7 earthquake, although the area has no history of strong earthquakes. It will focus on the control of emerging diseases, store purified viruses and act as a World Health Organization ‘reference laboratory’ linked to similar labs around the world. “It will be a key node in the global biosafety-lab network,” says lab director Yuan Zhiming.

Q-Anon and "The Cult" Strike Me As Distractions...,

americanthinker |  If you’re unfamiliar with Q or only know it through the media’s attacks, I’d like to provide a brief introduction to this extraordinary phenomenon. I’ve followed Q since the first drop, and I’ve grown increasingly impressed by the accuracy, breadth and depth of Q’s messages. Q followers were prepared long in advance for the easing of hostilities with North Korea, the deflation of the mullahs of Iran, and the discovery of Ukraine as a hotbed of corruption for American politicians. They knew a great deal about Jeffrey Epstein’s activities before the public did and anticipate even more shocking revelations to come. As Q likes to say, “Future proves past.” As Q’s predictions come true, they lend retroactive credibility to the entire enterprise.

Q’s followers believe that Q is a military intelligence operation, the first of its kind, whose goal is to provide the public with secret information. Many Q followers think the Q team was founded by Admiral Michael Rogers, the former Director of the National Security Agency and former Commander of US Cyber Command.  Some suspect that Dan Scavino, White House Director of Social Media, is part of the team, because the high quality of Q’s writing has the luster of a communications expert.

Q is a new weapon in the game of information warfare, bypassing a hostile media and corrupt government to communicate directly with the public. Think of Q as a companion to Trump’s twitter. Whereas Trump communicates bluntly and directly, Q is cryptic, sly and subtle, offering only clues that beg for context and connection.

Here’s the way it works: Q posts messages (also known as “drops” or “crumbs”) on an anonymous online forum, which are discussed, analyzed, and critiqued by the board’s inhabitants. (The forum has changed a few times after massive online attacks.) Hundreds of social media accounts then spread Q’s latest posting to worldwide followers who share their research, analysis, and interpretations of Q’s latest information.

What About Spending It On Medicaid Instead?

counterpunch |  Something very unusual happened on Thursday, Oct. 17. The New York Times suddenly ran an article on its opinion page explaining how to cut $300 billion from the $1-trillion military budget — enough, the article explained, to fund Bernie Sanders’ proposed program for an expanded Medicare program to cover all Americans without raising a dime in new taxes.

The article, written by Lindsay Koshgarian, director of the Institute for Policy Studies’ National Priorities Project, explained that by shifting the US diplomatic and military strategy from one of confrontation, endless wars, expansive overseas basing, and unilateralism to one of diplomacy, a pull-back from foreign bases and global deployments, with a concomitant reduction in the nation’s 2.4 million-person military could be accomplished with no threat to US national security.

Koshgarian’s opinion article actually listed the cuts that could be made, attaching a dollar value to each one. Examples were:

* End the practice of supplemental appropriations for war funding, much of which is actually used for more spending on other unintended military programs and which have only led to unending wars that have done nothing to make the US safer, for example in Iraq and Afghanistan. Savings: $66 billion per year.

* End funding for other nations’ militaries. Savings $14 billion a year.

* Close foreign bases (Almost one-third of all uniformed US military personnel serve abroad, most of them in non-crisis-zone locations or combat zones). Savings: $90 billion

Fooling Yourselves About the Fair and Uniform Application of Rules

WaPo |  Both sides are missing a crucial dimension — one that ultimately bends in the direction of the pro-Williams camp. Just like the criminal-justice system, tennis and many other sports depend on the subjective discretion of neutral arbiters to apply a set of supposedly objective “rules.”

Ramos did indeed follow the code, and each of the three sanctions had some justification, thus satisfying the “rules” camp. But for two of the three violations (the racket smashing was unambiguous), he used his discretion to punish Williams for acts — coaching and heated exchanges with an umpire — that occur routinely in tennis but are seldom punished.

Within the criminal-justice system, the same principle of discretion also applies, with much more severe and damaging consequences on human lives than the outcome of a tennis match.

At every stage, criminal-justice officials regularly justify individual decisions based on their discretionary interpretation of a rule. When a police officer makes a “routine traffic stop” for a car that changed lanes without signaling, or decides to arrest someone found with recreational drugs, technically the decision is warranted — even if numerous other people commit the same “infractions” without any consequences. Prosecutors have tremendous discretion to decide, for example, whether to charge a child as an adult, add additional enhancements to press for a plea bargain or seek the death penalty. Judges often make discretionary sentencing decisions (recall the Stanford University swimmer case). And prison officials have almost full discretion in issuing disciplinary infractions and sending inmates to solitary confinement.

In all of these instances, one can always say, “Well, this person didn’t follow the rules,” and on an individual basis that may seem sufficient to justify the consequences. What gets lost, however, is that rules are rarely applied regularly, consistently or fairly.

Worse, in the criminal-justice area, these rules are without question applied unevenly, with overwhelming racial disparities at every stage. People of color are far more likely than their white peers to be arrested for the same behavior, charged for the same crime, sentenced to more time for the same conviction, sent to solitary confinement for the same activity and denied parole despite similar prison records.

Without diminishing Osaka’s level of play or achievement, and without excusing Williams’s behavior, the outcome of the U.S. Open may have been determined by an umpire’s discretionary decisions that were far outside the norm. Rather than fool ourselves about the universality of rules, we should question the vast and often unchallenged use of discretion in both sports and criminal justice.

Nike Thrives On the Empty Stomachs and Other Hardships of Young Women Worldwide...,

counterpunch |  Nike changes its brand more often than Madonna and more profitably. In the company’s latest transformation, Nike has risked–make that sought–the ire of Donald Trump and his drones by making Colin Kaepernick the face of its latest campaign under the inspiring slogan: “Believe in something. Even if it means sacrificing everything.” 

Kaepernick’s brief presence in an otherwise sentimental ad triggered a tweet from Trump and a boycott by the Deplorables, who took to burning their overpriced footwear. It was precisely the response Nike wanted and sales of Nike products have surged over the last week. With social justice icon Kaepernick fronting the brand, no one will be thinking about Nike’s wretched labor practices inside its sweatshops in Honduras, Indonesia and Vietnam. 

This is a proven formula for the company. When Nike was under intense public scrutiny in the 1990s, it recruited civil rights legend Andrew Young to whitewash the company’s record. The image changed, but the cruel conditions didn’t. 

Now, with the company rocked by sexual harassment charges against some of its top executives, Nike’s betting that Kaepernick will refrain from speaking out against the dismal practices of his employer. Michael Jordan, Tiger Woods and LeBron James have all remained mute about the savage treatment of the workers who make the shoes and apparel that are sold under their image. So as a reminder who Nike really is under the patina of its pitchmen, we’re running this excerpt from my book Born Under a Bad Sky.–J

When You Don't "Do The Work" Or Know How To "Do The Work"...,

nakedcapitalism |  Peggy McIntosh has described how she stumbled upon the reality of her white privilege. She began to brainstorm about what privileges she had that her black colleagues did not, but encountered fierce resistance from her unconscious mind.

I repeatedly forgot each of the realizations on this list until I wrote it down. For me, white privilege has turned out to be an elusive and fugitive subject. The pressure to avoid it is great for in facing it I must give up the myth of meritocracy. If these things are true, this is not such a free country; one’s life is not what one makes it; many doors open for certain people through no virtues of their own.

McIntosh was thus reluctant to see herself as having unearned advantages relative to her black colleagues, and this reluctance stemmed from a more fundamental commitment to believing that one’s life is “what one makes it” and that doors open for people due to their “virtues.”

She persevered, however, and understanding finally came. She was unable to keep silent about what she had learned, and her talk in essay form was soon being eagerly read by others; in the words of one facilitator,

[…] “white privilege,” was popularized by the feverish, largely grassroots, pre-World-Wide-Web circulation of a now famous essay by my now-equally-famous friend and colleague, Peggy McIntosh.

Readers followed in McIntosh’s footsteps, coming to grips with previously hidden and painful truths about their own privilege, and the rest is history.

But what actually happened cannot have been this simple.

A problem of chronology

Three years earlier, McIntosh had given a talk about how decent people often perceive “fraudulence” in

the myths of self-realization which go this way: “I came up from nothing, rags to riches, from pink booties to briefcase on Wall Street. I did it all myself. I knew what I wanted and I was self-reliant. You can be, too, if you set your sights high and don’t let anything interfere; you can do anything you want.” Now it seems only honest to acknowledge that that is a myth.

Did she at that time believe racial disparities were a thing of the past?

Women and lower caste or minority men are especially few in the tops of the hierarchies of money, decision making, opinion making, and public authority, in the worlds of praise and press and prizes, the worlds of the so-called geniuses, leaders, media giants, “forces” in the culture.

Let’s summarize.

In 1985, McIntosh proclaimed that meritocracy consisted of clearly “fraudulent” claims, noted how it was in conflict with racial and gender equality, and urged undermining belief in meritocracy as essential for the survival of humanity; in 1988, she said that she had been fiercely reluctant to accept that she was unfairly advantaged by being white because it entailed “giv[ing] up the myth of meritocracy.”

We could try to rescue this chronology by postulating, for example, that McIntosh composed her privilege lists and acknowledged her white privilege before 1985. She then… kept silent about it for years, perhaps because she was still embarrassed about white privilege? But wasn’t embarrassed about her opposition to meritocracy, which she shouted from the rooftops? This seems a bit… strained.

Or we could conclude, with Amber A’Lee Frost, that she is full of shit.

I will propose a more charitable alternative, which I think is also more likely.

Suppose McIntosh did experience a sort of epiphany in 1988, which involved new ideas and the renunciation of important previous commitments. If sufficiently traumatic, this experience could have played havoc with her sense of time, and of her past self – a development which has been amply documented in similar contexts.

To see whether this is at all plausible, we should look at what the pre-1988 McIntosh believed. For this, we do not have to rely on what McIntosh says she believed. There is in fact extant one piece of writing by McIntosh from prior to 1988. Maybe only one, although it is a difficult to be sure; according to Frost, McIntosh is “incredibly protective of her intellectual property.”

It is a talk from 1985, about a dozen pages long in text form, entitled Feeling Like a Fraud. It is, to say the least, fascinating.

The Desire of Identity Groups for Recognition a Key Threat to Liberalism?

newyorker |  It turns out that liberal democracy and free trade may actually be rather fragile achievements. (Consumerism appears safe for now.) There is something out there that doesn’t like liberalism, and is making trouble for the survival of its institutions.

Fukuyama thinks he knows what that something is, and his answer is summed up in the title of his new book, “Identity: The Demand for Dignity and the Politics of Resentment” (Farrar, Straus & Giroux). The demand for recognition, Fukuyama says, is the “master concept” that explains all the contemporary dissatisfactions with the global liberal order: Vladimir Putin, Osama bin Laden, Xi Jinping, Black Lives Matter, #MeToo, gay marriage, ISIS, Brexit, resurgent European nationalisms, anti-immigration political movements, campus identity politics, and the election of Donald Trump. It also explains the Protestant Reformation, the French Revolution, the Russian Revolution, Chinese Communism, the civil-rights movement, the women’s movement, multiculturalism, and the thought of Luther, Rousseau, Kant, Nietzsche, Freud, and Simone de Beauvoir. Oh, and the whole business begins with Plato’s Republic. Fukuyama covers all of this in less than two hundred pages. How does he do it?

Why is the desire for recognition—or identity politics, as Fukuyama also calls it—a threat to liberalism? Because it cannot be satisfied by economic or procedural reforms. Having the same amount of wealth as everyone else or the same opportunity to acquire it is not a substitute for respect. Fukuyama thinks that political movements that appear to be about legal and economic equality—gay marriage, for example, or #MeToo—are really about recognition and respect. Women who are sexually harassed in the workplace feel that their dignity has been violated, that they are being treated as less than fully human.

Fukuyama gives this desire for recognition a Greek name, taken from Plato’s Republic: thymos. He says that thymos is “a universal aspect of human nature that has always existed.” In the Republic, thymos is distinct from the two other parts of the soul that Socrates names: reason and appetite. Appetites we share with animals; reason is what makes us human. Thymos is in between.

The term has been defined in various ways. “Passion” is one translation; “spirit,” as in “spiritedness,” is another. Fukuyama defines thymos as “the seat of judgments of worth.” This seems a semantic overreach. In the Republic, Socrates associates thymos with children and dogs, beings whose reactions need to be controlled by reason. The term is generally taken to refer to our instinctive response when we feel we’re being disrespected. We bristle. We swell with amour propre. We honk the horn. We overreact.

Black Staffers at the White House?

realclearpolitics |  CNN's Commentator and former Congressional Black Caucus Executive Director Angela Rye blasted Gina Loudon, a member of President Trump's 2020 Advisory Council, over her "nonsense" talking points about black staffers at the White House.

Transcript, via CNN:

ERIN BURNETT, CNN HOST: OUTFRONT now, Angela Rye, former executive director of the Congressional Black Caucus, and Gina Loudon, a member of President Trump's 2020 reelection advisory council.

Gina, let me start with you. You know, in the context we're talking about, all this discussion about Omarosa, and whether there's an N- word tape, and Kellyanne Conway not able to say the last name of one African-American she could label who worked with her in the White House, it would seem a simple question, how many black staffers work in the White House? She couldn't even give a rough number. Does that disappoint you?

GINA LOUDON, MEMBER OF PRESIDENT TRUMP'S 2020 RE-ELECT ADVISORY COUNCIL: You know, what disappoints me is the division and the fact that we're having to count people based on their skin color, I don't like that. And I think that, you know, you look back at our history, we have a pretty amazing history of overcoming slavery, of expanding civil rights, of women's rights, and a lot of those things happened under American presidents who didn't have any minorities at all on their White Houses.

Thank God we do. I looked over the list of people I know there, about one-third are a minority or women. Those are great strides. Could they be better? Absolutely.

And I know -- I talked to some of my friends in the White House tonight, and they said, yes, they would love more diversity in the White House. The problem is when you have someone come out, and defend the president or even say they want to sit down and have a conversation with him, for example, Kanye West, they're completely annihilated in the press.

And so, there is a trepidation there. So, I think if we could focus on the fact that we would like to build on that and work on it together, I know the administration is open to that.

BURNETT: So, your number is roughly a third and that counts women, too. So, you're saying two-thirds are white men, and one-third are diverse in some way, but you're counting women in there? Just to make sure I understand.

LOUDON: Erin, if you look at the comms department, as far as my count, I did this cursory before the show, but Hogan Gidley is the only white guy I can even find in the comms department. So, I think it depends department to department. It's going to vary.

But I think the bottom line is the policy that comes out of this White House, 700,000 new jobs, record unemployment for all minorities and women. I mean, you know the list and it's a good list.

And there's more coming out. There's new -- on Dodd-Frank repeal. There's great news coming out about small business leaders, many of them are minorities. So, there's a lot of good news, Erin.

BURNETT: Angela?

ANGELA RYE, CNN POLITICAL COMMENTATOR: I think I got stuck at Gina saying that American presidents have done a great deal for people of color like ending slavery? Like I think I'm stuck in 1865 right now. Like I can't believe that's -- 

Firing This Lousy POS Requires No Further Explanation - Many More To Go!

newyorker |  On Monday, in an account of the F.B.I.’s firing of Peter Strzok—the senior agent who led the Bureau’s 2016 investigations of Hillary Clinton e-mails and Trump-Russia connections—the Times reported that the move “was not unexpected.” Given the inflamed political climate in Washington, that is an accurate statement.

The special counsel, Robert Mueller, removed Strzok from the Russia investigation last year, after it was discovered that he had sharply criticized Donald Trump, who was then running for President, in private text messages with Lisa Page, another F.B.I. employee, with whom Strzok was having an affair. Earlier this summer, a report from the Justice Department’s inspector general, Michael Horowitz, said that Strzok’s text messages to Page “potentially indicated or created the appearance that investigative decisions were impacted by bias or improper considerations.” Since then, President Trump has been attacking Strzok regularly on Twitter. Last month, Strzok testified at a public hearing on Capitol Hill, where congressional Republicans tore into him. At one point, Rudy Giuliani, Trump’s lawyer, called for Strzok to be jailed.

But, despite all the noise and fury, there is now a basic question that needs an answer: Why was Strzok fired? Before the Clinton and Trump investigations, Strzok had racked up twenty years of distinguished service in the Bureau, rising to the position of deputy assistant director of the Counterintelligence Division.

Since his communications with Page have become public, Strzok has insisted that his personal views about Trump didn’t affect his actions while overseeing the Clinton and Russia investigations. During his testimony on Capitol Hill, he insisted that when, in the course of discussing Trump’s Presidential bid with Page, he wrote to her that “we will stop it” he was referring to the American public at large.

Greasy Supremely Arrogant Replacement Negroe Smugly Assumes Russia Was "Ours" To Loot

WaPo |  President Trump’s news conference Monday in Helsinki was the most embarrassing performance by an American president I can think of. And his preposterous efforts to talk his way out of his troubles made him seem even more absurd. But what has been obscured by this disastrous and humiliating display is the other strain in Trump’s Russia narrative. As he recently tweeted, “Our relationship with Russia has NEVER been worse thanks to many years of U.S. foolishness and stupidity.” This notion is now firmly lodged in Trump’s mind and informs his view of Russia and Putin. And it is an issue worth taking seriously.

The idea that Washington “lost” Russia has been around since the mid-1990s. I know because I was one of the people who made that case. In a New York Times Magazine article in 1998, I argued that “central to any transformation of the post-Cold-War world was the transformation of Russia. As with Germany and Japan in 1945, an enduring peace required that Moscow be integrated into the Western world. Otherwise a politically and economically troubled great power . . . would remain bitter and resentful about the post-Cold-War order.”

This never happened, I argued, because Washington was not ambitious enough in the aid it offered. Nor was it understanding enough of Russia’s security concerns — in the Balkans, for example, where the United States launched military interventions that ran roughshod over Russian sensibilities.

Perhaps most crucially, by the mid-2000s, steadily rising oil prices had resulted in a doubling of Russia’s per capita gross domestic product, and cash was flowing into the Kremlin’s coffers. A newly enriched Russia looked at its region with a much more assertive and ambitious gaze. And Putin, sitting atop the “vertical of power” he had created, began a serious effort to restore Russian influence and undermine the West and its democratic values. What has followed — the interventions in Georgia and Ukraine, the alliance with President Bashar al-Assad in Syria, the cyberattacks against Western countries — has all been in service of that strategy.

So yes, the West might have missed an opportunity to transform Russia in the early ’90s. We will never know whether it would have been successful. But what we do know is that there were darker forces growing in Russia from the beginning, that those forces took over the country almost two decades ago and that Russia has chosen to become the principal foe of America and the American-created world order.

Meanwhile, Profit-Seeking Bankster Parasites Busy Eyeballing What Sustainably Remains....,

eurasiareview |  Indigenous Peoples have ownership, use and management rights over at least a quarter of the world’s land surface according to a new study published this week in the journal Nature Sustainability.

The 38 million square kilometers (14.6 million square miles) are spread across 87 countries or politically distinct areas and overlap with about 40 percent of all terrestrial protected areas.

The results of the study provides strong evidence that recognizing the rights of Indigenous Peoples to their traditional lands and waters is not only an ethical obligation it is essential to meeting local and global conservation goals. The authors say that more collaborative partnerships between Indigenous Peoples and governments would yield significant benefits for conservation of ecologically valuable landscapes, ecosystems, and genetic diversity for future generations.

“Understanding the extent of lands over which Indigenous Peoples retain traditional connection is critical for several conservation and climate agreements,” said Professor Stephen Garnett from Charles Darwin University in Australia who led the international consortium that developed the maps. “Not until we pulled together the best available published information on Indigenous lands did we really appreciate the extraordinary scale of Indigenous Peoples’ ongoing influence,” he said.

There are at least 370 million people who define themselves as Indigenous, are descended from populations who inhabited a country before the time of conquest or colonization, and who retain at least some of their own social, economic, cultural and political practices. The proportion of countries with indigenous people is highest in Africa and lowest in Europe-West Asia.

Retail Zombie Apocalypse Exponentially Greater Than Vacancy Rates Indicate

WolfStreet |  Another regional long-established department-store chain bites the dust. One in an endless series. The 16 Magic Mart stores in West Virginia, Virginia, and Kentucky, plus a distribution center and the company’s headquarters will be closed and liquidated, according to Ammar’s, Inc., a family-owned company that owns the stores and started with its first store 97 years ago.

In a letter to employees, the company blamed “continued inadequate sales leading to substantial financial losses,” and “difficult economic conditions that continue to persist in the markets we operate.” All locations will be closed “sometime around November 1.”

And then those stores, many of them located in less than booming environments, will become vacant.

Department stores have been hardest hit by online retail. Among them, regional chains have been hardest hit. Bon-Ton Stores – which operates department stores in 23 states under the brands of Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s, and Younkers – is now in the process of being liquidated. 24,000 employees are losing their jobs. Numerous smaller chains have shut their doors. Among the national chains, store closures have been widespread: Macy’s, Sears, Kmart, J.C. Penney, etc. have closed thousands of large stores over the past few years. Smaller stores and specialty stores are shutting down across the country. And these stores become vacant.

Landlords have to find other tenants in this environment, or find another purpose, such as redeveloping them for use by chain restaurants, or bulldozing them and building office buildings or apartment buildings or whatever on the land.

Bon-Ton combined with Toys ‘R’ Us – which closed its remaining stores on Friday – occupied nearly 60 million square feet of retail space. Every square inch is now being vacated.

And there’s some handwringing about the so-called “vacancy rate” in the retail sector – a deceptively low measure for reasons that we’ll get to in a moment.

The retail vacancy rate rose to 8.6% in Q2, the highest since 2012, according to data from real-estate research firm Reis Inc., cited by MarketWatch. By comparison, the peak since the Financial Crisis was 9.4% in Q3 2011:

The impact is especially severe among strip malls and other neighborhood and community shopping centers, which suffered their worst quarter in nine years. About 3.8 million square feet of space was emptied from April to June, pushing the vacancy rate for this type of mall up to 10.2%, Reis said.

Note the magnitude: 3.8 million square feet were “emptied out.” This is tiny compared to the 60 million square feet emptied out by just Bon-Ton and Toys ‘R’ Us.

This is why the “vacancy” data, as unappetizing as they may be, aren’t in a steep swoon, though you’d expect them to be, given the rampant store closures.

Identifiable Vulture Capitalists Killed Toys-R-Us And Put 30,000 Americans Out Of Work

theatlantic |  In March, Toys “R” Us announced that it was liquidating all of its U.S. stores as part of its bankruptcy process, which began last September. Observers pointed to the company’s struggle to fight off new competition. In its court filing, the company laid the blame at the feet of Amazon, Walmart, and Target, saying it “could not compete” when they priced toys so low.

Less attention was paid to the albatross that Bain, KKR, and Vornado had placed around the company’s neck. Toys “R” Us had a debt load of $1.86 billion before it was bought out. Immediately after the deal, it shouldered more than $5 billion in debt. And though sales had slumped before the deal, they held relatively steady after it, even when the Great Recession hit. The company generated $11.2 billion in sales in the 12 months before the deal; in the 12 months before November 2017, it generated $11.1 billion.

Saddled with its new debt, however, Toys “R” Us had less flexibility to innovate. By 2007, according to Bloomberg, interest expense consumed 97 percent of the company’s operating profit. It had few resources left to upgrade its stores in order to compete with Target, or to spiff up its website in order to contend with Amazon. “It’s true that they couldn’t respond to Amazon,” Eileen Appelbaum, a co-director of the Center for Economic and Policy Research, told me. “But you have to ask yourself why.”

Shortly after the buyout, the company’s CEO implemented a plan to combine and remodel Toys “R” Us and Babies “R” Us locations. Customers liked the changes, but the company was able to revamp only 146 of its more than 1,500 stores by 2010. By that point, it was facing the effects of the Great Recession. Most retail operations try to keep their debt burden low to be ready for an inevitable downturn; when you sell a product as discretionary as toys, a recession can hit particularly hard. 

Thomas Paulson, the founder of the investment firm Inflection Capital Management, which focuses on companies that serve consumers, told me that when the retail landscape shifts, a company may need to make investments and even adapt its business model to stay afloat. If it’s already carrying significant debt, it’s “really handcuffed,” he said. “That’s what happened with Toys “R” Us.”

Josh Kosman, the author of The Buyout of America, agrees: “All it takes is for earnings to stop rising and level off, or even decline a little bit, and you’re in a whole heap of trouble.”

Toys “R” Us is hardly the only retail operation to learn this lesson the hard way. The so-called retail apocalypse felled roughly 7,000 stores and eliminated more than 50,000 jobs in 2017. For the spate of brands that have recently declared bankruptcy, their demise is as much a story about private equity’s avarice as it is about Amazon’s acumen.

Virtue-Signaling Imbeciles Don't Get A WHOLE LOT Of Things...,

kunstler |  You can’t overstate how fortunate this country was after the Second World War. The mid-twentieth century was the apex of American industrial wealth. We produced real goods and lived in extraordinary comfort. Now, of course that has all turned around, the industry is mostly bygone, the magnificent energy supply is getting sketchy, and all that’s left is a false-front financialized economy based on swindling and accounting fraud. Medicine and health care have become unabashed rackets, and good luck finding a place to live for less than half of your monthly income.

Things have changed, as Bob Dylan once noted in song, and the times they are a ‘changing once again. This is probably the worst time in recent history to go full-bore socialist. Look, it’s as simple as this: the 20^th century saw the greatest rise of global GDP ever. The prospect of that is what drove the various socialisms of the period — the belief that there would be evermore material wealth and that a lot of it had to be fairly redistributed to the workers who brought it into being. You can debate the finer socio-ethical points of that — and indeed that’s what much of politics consisted of throughout the industrialized world — but the stunning bonanza of wealth compelled it.

That is the world we are moving out of right now, despite the fantasies of Elon Musk and the many techno pied pipers like him. GDP growth has stalled, the implacable trend is toward contraction, and the wizards of financial hocus-pocus are running out of tricks for pretending that they create anything of value. In short: there’s no there there. All that’s left are IOUs for loans that will never be paid back — and that kind of loan (especially in the form of a bond) doesn’t have any value.

So, the Democratic Party has embarked on a crusade to redistribute the wealth of the nation at the exact moment when the “wealth” is turning out to be gone. Good luck with that.

What intellectuals don't get about MIGRATION is the ethical notion of SYMMETRY:

OPEN BORDERS work if and only if the number of pple who want to go from EU/US to Africa/LatinAmer equals Africans/Latin Amer who want to move to EU/US

Silver Rule in #SkinInTheGame

Gabish?

— Nassim Nicholas Taleb (@nntaleb) June 30, 2018

 

Harley John Wayne Got Real Life Imitating A Rob Zombie Movie...,

KansasCity |  "I’m glad my clients can finally put this nightmare behind them," Hinrichs said. "The last few years have been really difficult. This (settlement) has provided them some closure."

The suit named E.I.E. LLC, the company doing business as Whiskey Tango, as a defendant. It also named five men who worked there or continue to work there: Shawn Brown, the owner of E.I.E.; Harley Jon Wayne Akin, a manager of security overseeing the bouncers; Michael Anthony Malick, a bouncer; Cody Reese Atchley, a bouncer; and Fredrick R. Failing, a bouncer.

Four of the men have pleaded guilty to criminal charges or face trial: Akin, Atchley, Malick and Failing. Brown was not charged.

The country bar, at 401 S. Outer Road, hosts poker, beer pong and flip cup tournaments, according to its website. It has a mechanical bull. Blake Shelton made an appearance there a few months before the women were wrongly imprisoned.

The website advertises the bar as the best nightclub in Kansas City and a top spot to meet people. 

Around midnight on the night of the incident, the sisters were at a restaurant in a different city when an unknown woman bought a Bud Light with the counterfeit bill, the suit says.

About 90 minutes later, the sisters arrived at the bar with their cousins. 

Around 3 a.m., shortly before the bar's closing time, a man approached Mariel and accused her of using the fake bill. She adamantly denied the accusation, the suit says.

As the sisters left, multiple bouncers wearing skull or camouflage masks pursued them into the parking lot and "restricted them from leaving," the suit and criminal records say.

Back in the bar, Akin accused Mariel of using the fake bill. Audrey grabbed Akin by the front of his shirt and told her sister to run, according to criminal records.

Mariel fled, dashing into the woods toward a gas station about a half-mile away.

Security supervisors Justin Wilson and Akin told Atchley, Malick and Failing to "pursue her," the suit says.

Read more here: https://www.kansascity.com/news/local/crime/article213899559.html#storylink=cpy

Read more here: https://www.kansascity.com/news/local/crime/article213899559.html#storylink=cpy

Read more here: https://www.kansascity.com/news/local/crime/article213899559.html#storylink=cpy

Pelosi/Schumer: "Maxine Are You Out Of Your Cotton-Picking Mind?!?!?!"

DailyCaller |  California Rep. Maxine Waters burst into tears Monday on MSNBC as she used “the children” to deflect away from the harassment comments she made over the weekend.

“I did not call for harm for anybody. The president lied again,” Waters said.

She then turned to “the children.”

“But let’s not talk about that. Let’s focus on the children. That’s what this is all about. It is about the fact that children have been snatched from their parents’ arms,” Waters said, moving away from the controversy over her comments.

Waters then burst into tears after being confronted with the fact that major Democrats are denouncing her harassment claims.

“They don’t really say I’m out of line. What they do is try to find a way talk about civility without attacking me or anybody else as the leader of the Democratic Party, I expect that she would do everything that she could to make sure nobody believes that Democrats are out here harassing anybody or causing any violence,” Waters said of House Minority Leader Nancy Pelosi, who denounced Waters’ harassment comments Monday.

Waters made comments over the weekend about getting out and pushing back on people with differing political ideologies, saying, “If you see anybody from that cabinet in a restaurant, in department store, at a gasoline station, you get out and you create a crowd. And you push back on them. Tell them they’re not welcome any more, anywhere!”

Any Minute Now - Dookie Pie Will Start To Fly

WaPo |  OVER THE WEEKEND there was a fair bit of argument about the decision by a small restaurant in Lexington, Va., not to serve dinner to President Trump’s press secretary. It wasn’t the first time recently that strong political feelings have spilled into what used to be considered the private sphere. We understand the strength of the feelings, but we don’t think the spilling is a healthy development.

Sarah Huckabee Sanders was dining with a few other people at the Red Hen in Lexington Friday night. Several of the restaurant’s staff are gay and objected to Ms. Sanders’s defense of Mr. Trump’s discriminatory policies against transgender people. The staff also objected to the administration’s recent actions leading to the separation of thousands of children from their parents at the U.S.-Mexico border. Respecting her staff’s wishes, the restaurant owner politely asked Ms. Sanders to leave, and Ms. Sanders politely acceded. She then tweeted about the episode, turning it into a public controversy.

This followed by a few days the very public heckling of two architects of that border policy, Homeland Security Secretary Kirstjen Nielsen and White House senior policy adviser Stephen Miller, at Washington restaurants. Last month a Nebraska sociology professor was found guilty of vandalism for spraying false blood at the home of a National Rifle Association lobbyist in Alexandria.

It’s not a new tactic for protesters of one sort or another to target a public official’s home or private life. But never-at-rest social media have blurred the line between work hours and private time. Cellphone cameras make it ever easier to intrude and broadcast.

Trump Smacking Amazon While Afrikan Liberation Peddling "Neurospeculative AfroFeminist" Cloth

thenextweb |  The Guardian reports Berlin-bound artist and independent researcher Adam Harvey is developing a new technology which aims to overwhelm and confuse computer vision systems by feeding them false information.

The Hyperface Project, as Harvey calls it, revolves around printing deceitful patterns onto attire and textiles with the purpose of rendering your face illegible to surveillance systems.

The method essentially dodges facial recognition by presenting computer vision devices with an overload of patterns closely resembling facial features like eyes and mouths.

As Harvey explains, the Hyperface technology ultimately prevents computers from scanning your face by inundating “an algorithm with what it wants, oversaturating an area with faces to divert the gaze of the computer vision algorithm.”

The patterns, which Harvey developed in collaboration with interaction studio Hyphen-Labs, can then be worn to shield off the areas facial recognition systems seek to interpret.

MIT |  Sue Ding interviewed the creators of NeuroSpeculative AfroFeminism, an ambitious and richly imagined project at this year’s Sundance New Frontier.  Artists Carmen Aguilar y Wedge, Ashley Baccus Clark, Nitzan Bartov, and Ece Tankal are part of of Hyphen-Labs, a global team of women of color who are doing pioneering work at the intersection of art, technology, and science. Together they draw on a formidable range of expertise, including engineering, molecular biology, game design, and architecture.

NeuroSpeculative AfroFeminism consists of three components. The first is an installation that transports visitors to a futuristic and stylish beauty salon. Speculative products designed for women of color are displayed around the space. They include sunscreen for dark skin, a scarf whose pattern overwhelms facial recognition software, earrings that can record video and audio in hostile situations, and a reflective visor that lets wearers see out while hiding their faces.

The second part of the project is a VR experience that takes place at a “neurocosmetology lab” in the future. Participants see themselves in the mirror as a young black girl, as the lab owner explains that they are about to receive Octavia Electrodes—cutting edge technology involving both hair extensions and brain-stimulating electrical currents. In the VR narrative, the electrodes then prompt a hallucination that carries viewers through a psychedelic Afrofuturist space landscape.

The final component of the project is Hyphen-Labs’ ongoing research about how VR can affect viewers, potentially reducing bias and fear by immersing participants in positive, engaging portrayals of black women. The team would eventually like to use functional magnetic resonance imaging (fMRI) technology to study how  participants respond to the experience.

Kanye West Wants Freedom...,

theatlantic |  What Kanye West seeks is what Michael Jackson sought—liberation from the dictates of that we. In his visit with West, the rapper T.I. was stunned to find that West, despite his endorsement of Trump, had never heard of the travel ban. “He don’t know the things that we know because he’s removed himself from society to a point where it don’t reach him,” T.I. said. West calls his struggle the right to be a “free thinker,” and he is, indeed, championing a kind of freedom—a white freedom, freedom without consequence, freedom without criticism, freedom to be proud and ignorant; freedom to profit off a people in one moment and abandon them in the next; a Stand Your Ground freedom, freedom without responsibility, without hard memory; a Monticello without slavery, a Confederate freedom, the freedom of John C. Calhoun, not the freedom of Harriet Tubman, which calls you to risk your own; not the freedom of Nat Turner, which calls you to give even more, but a conqueror’s freedom, freedom of the strong built on antipathy or indifference to the weak, the freedom of rape buttons, pussy grabbers, and fuck you anyway, bitch; freedom of oil and invisible wars, the freedom of suburbs drawn with red lines, the white freedom of Calabasas.

It would be nice if those who sought to use their talents as entrée into another realm would do so with the same care which they took in their craft. But the Gods are fickle and the history of this expectation is mixed. Stevie Wonder fought apartheid. James Brown endorsed a racist Nixon. There is a Ray Lewis for every Colin Kaepernick, an O.J. Simpson for every Jim Brown, or, more poignantly, just another Jim Brown. And we suffer for this, because we are connected. Michael Jackson did not just destroy his own face, but endorsed the destruction of all those made in similar fashion.

The consequences of Kanye West’s unlettered view of America and its history are, if anything, more direct. For his fans, it is the quality of his art that ultimately matters, not his pronouncements. If his upcoming album is great, the dalliance with Trump will be prologue. If it’s bad, then it will be foreshadowing. In any case what will remain is this—West lending  his imprimatur, as well as his Twitter platform of some 28 million people, to the racist rhetoric of the conservative movement. West’s thoughts are not original—the apocryphal Harriet Tubman quote and the notion that slavery was a “choice” echoes the ancient trope that slavery wasn’t that bad; the myth that blacks do not protest crime in their community is pure Giulianism; and West’s desire to “go to Charlottesville and talk to people on both sides” is an extension of Trump’s response to the catastrophe. These are not stray thoughts. They are the propaganda that justifies voter suppression, and feeds police brutality, and minimizes the murder of Heather Heyer. And Kanye West is now a mouthpiece for it.

It is the young people among the despised classes of America who will pay a price for this—the children parted from their parents at the border, the women warring to control the reproductive organs of their own bodies, the transgender soldier fighting for his job, the students who dare not return home for fear of a “travel ban,” which West is free to have never heard of. West, in his own way, will likely pay also for his thin definition of freedom, as opposed to one that experiences history, traditions, and struggle not as a burden, but as an anchor in a chaotic world.

It is often easier to choose the path of self-destruction when you don’t consider who you are taking along for the ride, to die drunk in the street if you experience the deprivation as your own, and not the deprivation of family, friends, and community. And maybe this, too, is naive, but I wonder how different his life might have been if Michael Jackson knew how much his truly black face was tied to all of our black faces, if he knew that when he destroyed himself, he was destroying part of us, too. I wonder if his life would have been different, would have been longer. And so for Kanye West, I wonder what he might be, if he could find himself back into connection, back to that place where he sought not a disconnected freedom of “I,” but a black freedom that called him back—back to the bone and drum, back to Chicago, back to Home.

Crushing On Yeezy And Hating On Michelle?

villagevoice |  Conservatives raging at a comedian who hurt their feelings, as they did over White House Correspondents’ Dinner entertainer Michelle Wolf last weekend, is pretty much standard behavior for the folks who think everyone else is the snowflake. But the spectacle of white right-wingers rejoicing over the recent pro-Trump ravings of Kanye West may confuse you, especially considering they probably know him more for his many public self-embarrassments than for his music. Why would members of a white revanchist movement fawn over a black rapper who famously said George W. Bush didn’t care about African Americans?

Well, for one thing, conservatives conveniently abandoned Bush years ago. For another, it all makes more sense when you consider their historic lack of popularity with black people and their weird jealousy over it.

Even if you only casually follow politics, you know that since the days of Nixon’s Southern strategy Republicans have had a contentious relationship with people of color. This has only gotten worse under Donald Trump, a hyper-obvious racist whose rants about Colin Kaepernick and John Lewis, not to mention his treatment of Mexicans, Muslims, and Puerto Ricans, have helped speed the GOP’s conversion into the White People’s Party.

Thanks to gerrymanders and white rage, Republicans have so far been able to hold their majorities just fine without black support, so it’s fair to assume they feel about black votes the way James Baker felt about the votes of Jews. But the conservatives who use the GOP as a host body are more conflicted.

On the one hand, many conservatives reflexively portray blacks as violent thugs who must be subdued by militarized police, particularly right after a racially charged news story has engaged their lizard brains, or if they are Heather Mac Donald.

On the other hand, conservatives seem genuinely hurt and confused when black people call them names like “white supremacist.” You can see this most clearly in their annual aggrieved Martin Luther King Jr. Day essays in which they either try to claim MLK as one of their own (“King’s Orthodox Christianity is one of those inconvenient truths that a lot of people on the left tend to ignore” — Da Tech Guy) or tell black people to stop persecuting them with their contempt (“MLK Day proposal: Give the race card a rest” — Michelle Malkin).

Sure, white conservatives applaud when Charles Murray tells them black people are their intellectual inferiors, but in their view that’s just science (and free speech!), not anything to take personally. And anyway, it’s the liberals who are the Real Racists, keeping blacks enslaved on what conservatives like to call the “Democratic plantation,” from which conservatives only want to rescue them by ending affirmative action and food stamps, which will give them the bootstraps they need to succeed.

Yet despite this helpful hectoring, most blacks keep voting Democratic, so conservatives sulk and brood, only occasionally brightening when a black celebrity says something that can be charitably interpreted as right-wing. Bill Cosby, with his pull-up-your-pants shtick, was their go-to for years, but for obvious reasons you see much less of that now. Chris Rock is their usual backup; here’s National Review’s Kyle Smith kvelling, “When he speaks about the destructiveness of porn he sounds like Ross Douthat.” (And I thought I was the only one who found Douthat hilarious!)

So when West busted out his pro-Trump tweets last week, notwithstanding that he also said, “I haven’t done enough research on conservatives to call myself or be called one,” the brethren were juiced. Walter Williams and Thomas Sowell are all well and good, but here was a black guy ordinary people had actually heard of and could stand to listen to!

Also, West wasn’t just saying things that could be read, if one squinted and had had a few drinks, as conservative policy statements. In fact, West didn’t stipulate any conservative policies that he approved of. (I’m not sure he knows what they are.) Yeezy was just saying out loud, in a variety of peculiar ways, that he loved Trump and his dragon energy.