Today’s [Sep, 22,] equinox
signals the change of season, from summer to fall in the Northern Hemisphere
and in the Southern Hemisphere from winter to spring. But why do Earth’s
seasons change?
----Our seasons change due to our planet’s angle of tilt – 23.5
degrees – relative to our orbit around the sun. If Earth did not tilt at all,
but instead orbited exactly upright with respect to our orbit around the sun,
there would be minor variations in temperature throughout each year as Earth
moved slightly closer to the sun and then slightly farther away. And there
would be temperature differences from Earth’s equatorial region to the poles.
But, without Earth’s tilt, we’d lack Earth’s wonderful seasonal changes and our
association of them with the various times of year – associating a fresh
feeling in the air with springtime, for example.
Happy Equinox, even if most people probably thought it
was on the 21st, (it often is.) Autumn arrives in the northern
hemisphere.
In the stock casinos, an attempt at nervous bottom
fishing. I suspect it’s far to early for bottom fishing.
Back in the real world, the Fed desperately pleaded for
more relief aid packages from the Congress to save a stall speed US economy.
Presidents Trump and Xi played Punch and Judy via video
link at the UN. From London, President Trump looked like a natural in the role
of Punch. President Xi looked uncomfortable in the role of Judy.
While a desperate President Trump frantically played to
his core domestic voter audience, President Xi attempted to play global
statesman, oblivious to recent events in Hong Kong.
President Putin just seemed to be enjoying the show.
Below, stock casinos flying on fumes.
Asian stocks inching lower after
intraday rebound lifts U.S. equity markets
NEW
YORK (Reuters) - U.S. President Donald Trump told the United Nations General
Assembly on Tuesday that China must be held accountable for having “unleashed”
COVID-19 on the world, prompting Beijing to accuse him of “lies” and abusing
the U.N. platform to provoke confrontation.
China’s President Xi Jinping struck a conciliatory tone in his
pre-recorded virtual address to the General Assembly, calling for enhanced
cooperation over the pandemic and stressing that China had no intention of
fighting “either a Cold War or a hot war with any country.”
But China’s U.N. ambassador Zhang Jun rejected Trump’s accusations
against China as “baseless” and said “lies repeated a thousand times are still
lies.”
Trump and Xi, leaders of the world’s two largest economies, laid out
competing visions at a time when relations have plunged to their worst level in
decades, with coronavirus tensions aggravating trade and technology disputes.
Trump, facing a November re-election battle with the United States
dealing with the world’s highest official number of deaths and infections from
the coronavirus, focused his speech on attacking China.
He accused Beijing of allowing people to leave China in the early stages
of the outbreak to infect the world while shutting down domestic travel.
“We must hold accountable the nation which unleashed this plague onto
the world, China,” he said in remarks taped on Monday and delivered remotely to
the General Assembly due to the pandemic.
“The Chinese government, and the World Health Organization – which is
virtually controlled by China – falsely declared that there was no evidence of
human-to-human transmission,” he said.
“Later, they falsely said people without symptoms would not spread the
disease ... The United Nations must hold China accountable for their actions.”
The president promised to distribute a vaccine and said: “We will defeat
the virus, and we will end the pandemic.”
Xi’s address contained what appeared to be an implicit rebuke to Trump,
calling for a global response to the coronavirus and a leading role for the
WHO, which the U.S. president has announced plans to leave.
“We should enhance solidarity and get through this together,” he said.
“We should follow the guidance of science, give full play to the leading
role of the World Health Organization and launch a joint international response
... Any attempt of politicizing the issue, or stigmatization, must be
rejected.”
---- China has portrayed itself as the chief
cheerleader for multilateralism at a time when Trump’s disregard for
international cooperation has led him to quit global deals on climate and Iran,
as well as the U.N. Human Rights Council and the WHO.
Xi took an apparent swipe at Trump’s “America First” policy in a
statement on Monday to a meeting celebrating the U.N.’s 75th anniversary.
“No country has the right to dominate global affairs, control the
destiny of others, or keep advantages in development all to itself. Even less
should one be allowed to do whatever it likes and be the hegemon, bully or boss
of the world. Unilateralism is a dead end,” he said.
Huawei's supply chain has been
'attacked', says chairman
September 23,
20204:03
AM
SHANGHAI (Reuters) - Huawei Technologies [HWT.UL] will
do everything it can to strengthen its supply chain which has been “attacked”,
its rotating Chairman Guo Ping said on Wednesday.
Guo was speaking at the Chinese smartphone and telecoms gear maker’s
annual Huawei Connect event in Shanghai that focuses on information and
communications technology.
He did not give details about the attack.
The company has been facing mounting pressure from the United States,
which last month further tightened restrictions to choke Huawei’s access to
commercially available chips.
In August, Richard Yu, the CEO of Huawei’s consumer business unit, said
that starting on September 15, the company would cease manufacturing its most
advanced chips under its Kirin line.
Those are the chips that power Huawei’s high-end phones. Concerns that
the company’s phone division will fold has led consumers to rush to purchase
the company’s handsets. Vendors say that prices have spiked by as much as 500
yuan ($73.69) for some devices in response to high demand.
The company had been stockpiling chips from various vendors in advance
of the restrictions’ implementation. Analysts expect its existing supply of
Kirin chips will run out next year.
The U.S. restrictions, however, allow for
companies to apply for a license from U.S. authorities in order to continue
supplying Huawei. Already, some businesses have attempted to make use of the
policy.
Intel has said it has received licenses to
supply certain products to Huawei. China's Semiconductor Manufacturing
International Corp 0981.HK, which uses U.S.-origin
machinery to produce chips for Huawei, also said it has applied for a license.
Huawei unveiled earlier this month its new
Harmony OS, an operating system it hopes to use in lieu of Android as Google
has been barred from providing updates to the company.
The
operating system will first launch on internet-of-things devices and later on
smartphones toward the end of the year, the company has said.
Next, sad news from Chicago. Many moons ago, I stayed at
the Palmer House hotel during a snowstorm that wasn’t quite a blizzard, but
impressive nevertheless. And no, I did not get to meet, Charles Dickens, Oscar
Wilde or Frank Sinatra, thank you.
That “V” shaped recovery looks less and less likely.
Grand Chicago Hotel in
Foreclosure, a Symbol of Covid-19’s Toll on Hospitality Industry
Thor Equities,
owner of the Palmer House Hilton, is in default on its $333.2 million first
mortgage, court papers say
By Sept. 22, 2020 5:30 am ET
The Palmer House Hilton has been one of Chicago’s grandest
hotels for more than a century. Charles Dickens and Oscar Wilde were guests.
Frank Sinatra serenaded diners at its supper club. Over the past 15 years, the
owner spent $173 million to overhaul the hotel, modernizing most of the 1,641
rooms.
But today, the property faces a bank foreclosure and has
become one of the most potent symbols of the troubled hospitality industry during
Covid-19.
Wells Fargo Bank said in court papers last month that the
hotel’s owner, real-estate investor Thor Equities, was in default on its $333.2
million first mortgage, making the property one of the first major foreclosure
actions during the pandemic. The Palmer House was worth $305.5 million shortly
before Wells Fargo filed its action, appraisers said.
Next, cross Hong Kong off the list of safe tourist or
business destinations. After this move by communist China, you’re safer
visiting nearby Vietnam.
Hong Kong leader says cannot demand
rights protection for 12 arrested by China
September 22,
20207:12 AM
HONG
KONG (Reuters) - Hong Kong has no legal basis to demand that any particular
rights be extended to 12 Hong Kong people detained in China as they tried to
flee by boat and they will have to face the law there, the city’s chief
executive said on Tuesday.
The 12 were arrested on Aug. 23 for illegal entry into mainland Chinese
waters after setting off from Hong Kong in a boat bound for self-ruled Taiwan
following a crackdown on pro-democracy activists in the former British colony.
Their failed bid to flee to Taiwan has highlighted the fears that many
people feel in semi-autonomous Hong Kong about what they see as China’s
determination to end any push for greater democracy in the financial hub.
Chinese police have said the 12 were suspected of illegal border
crossing. China’s foreign ministry has called them “separatists.”
Hong Kong Chief Executive Carrie Lam was asked at her weekly news
conference if she could ensure that the 12 would be afforded human rights
safeguards such as presumption of innocence, fair trial and legal
representation.
“We do not have the legal basis to do the things that you want us to
do,” she said.
Mainland authorities have said the legitimate rights of the 12 were
being protected according to the law.
China’s legal system is controlled by and loyal to the ruling Communist
Party, meaning courts do not usually challenge party or government accusations.
Lam said the 12 would have to face the law in mainland China before they
could return to Hong Kong to face justice for any crimes committed at home.
All 12 were suspected of crimes in Hong Kong related to anti-government
protests that erupted last year. Ten had been charged, released on bail and not
allowed to leave the city.
They are being detained in the neighbouring city of Shenzhen.
Their fate is being closely watched in Hong Kong amid apprehension about
Beijing’s greater control over the city especially since it imposed a national
security law in June.
Beijing and Hong Kong government say the law is aimed at tackling
subversion, separatism, terrorism and collusion with foreign forces.
Critics say it undermines the special status the city was guaranteed
when Britain handed it over to China under “one country, two systems” formula
in 1997.
Finally, how or not,) that 8 person US Supreme Court
might function. Well at least it’s not a court based in Hong Kong or Shenzhen.
Here's How The Supreme Court Will
Function With Eight Justices Leading Up To The Election
The justices have already ruled on emergency
requests this year related to how states handle voting during the pandemic.
Posted on September 18, 2020, at
11:06 p.m. ET
WASHINGTON — The death of Justice Ruth Bader Ginsburg leaves the US Supreme
Court with eight justices heading into the fall, setting the stage for possible
tie votes from the nation’s highest court during the most litigious election
cycle in recent history.
In one sense it’s a repeat of 2016, when the death of Justice
Antonin Scalia in February 2016 — and Senate Majority Leader Mitch McConnell’s
decision to block then-president Barack Obama’s nominee — meant the court only
had eight justices during an election year.
But with the Nov. 3 election just seven weeks away, the
legal landscape is dramatically different than it was four years ago. Voting
rights groups and the Democratic Party are racing to court to expand mail-in
voting during the coronavirus
pandemic while President Donald Trump and the Republican Party are waging a
multimillion-dollar, multistate effort against it. To date,
there are more than 300 election-related cases pending in state and federal
courts, according to litigation tracking sites.
And beyond any legal fights over how Americans can vote
during a deadly pandemic leading up to November, there’s the specter of another
Bush v. Gore situation — an inconclusive election, with results delayed
by an overwhelming number of mail-in ballots, followed by weeks of fighting
over ballot counts and furious litigation by lawyers for Trump and Joe Biden
that winds up before the Supreme Court. Trump and Biden are reportedly amassing
teams of hundreds of lawyers and preparing to spend millions of dollars to
fight in court over the election.
In a July interview with Fox News Sunday, Trump was asked
if he would accept the results of the election if he lost. “I have to see,” he
replied.
Election-related cases are most likely to reach the Supreme
Court in the coming weeks as emergency applications, where the losing party in
a case asks the justices to immediately pause a ruling — known as a “stay” —
while an appeal moves forward. Each justice is assigned to handle emergency
applications from each of the country’s 13 circuit courts. Under normal
circumstances, they rule on those requests alone.
But a justice can refer an emergency application to the
full court to decide, which typically happens in high-profile or especially
contentious cases. When that happens, it takes a majority of the justices to
vote to grant a stay and stop a lower court ruling from going into effect.
If there’s a 4–4 decision in Ginsburg’s absence, the
request is denied. That would leave whatever lower court ruling was at issue in
place.
"a company for carrying out an
undertaking of great advantage, but nobody to know what it is"
1720 South Sea Bubble.
Covid-19 Corner
This
section will continue until it becomes unneeded.
U.S. Deaths Top 200,000; India
Fatalities Climb: Virus Update
Bloomberg News
September
22, 2020, 6:20 PM EDT Updated on September 23, 2020, 12:34 AM EDT
The U.S. death toll from the novel coronavirus exceeded
200,000, a grim milestone that comes eight months after the pathogen was first confirmed on American
soil. India’s fatalities topped 90,000.
British Prime Minister Boris Johnson announced new
restrictions that are likely to last six months and urged residents to work
from home where possible. U.S. President Donald Trump assailed China for the
pandemic in a speech to the United Nations General Assembly. China’s Xi Jinping
pushed back.
Iran reported its biggest spike in daily cases since the
pandemic began, while France’s infections jumped after a weekend lull. South
Korea’s daily cases climbed above 100 for the first time in four days.
Key
Developments:
Global Tracker:
Cases top 31.4 million; deaths exceed 968,000
CDC urges changes to holiday celebrations to curb
virus
How do people catch
Covid-19? Here’s what experts say: QuickTake
India’s Death Toll Tops 90,000
(12:26 p.m. HK)
India reported 1,085 additional fatalities from Covid-19,
bringing its total death toll above 90,000. It also added 83,347 cases for
Wednesday.
India trails only the U.S. and Brazil in Covid-19 deaths,
while its 5.6 million confirmed cases are surpassed only by the U.S.’s tally of
almost 6.9 million infections.
Fujifilm to Seek Approval for Drug After
Positive Trial (12:08 p.m. HK)
Fujifilm Holdings Corp. said it would seek regulatory
approval to market a flu drug as a treatment for Covid-19 after a trial in Japan
showed it helped patients with mild cases of the disease recover faster.
The company plans to apply for regulatory approval as early
as October. In a trial of 156 patients, those who took the drug called Avigan
recovered in an average of 11.9 days, compared to 14.7 days for the placebo
group, said the statement. No safety concerns emerged in the trial.
----NYC Sees Uptick in Cases in Queens,
Brooklyn (7:12 a.m. HK)
New York City is seeing an uptick in cases in four areas in
Queens and Brooklyn. The four areas saw a large increase in infections from the
week ending Aug. 1 to the week ending Sept. 19, according to a tweet by the NYC
Department of Health and Mental Hygiene. The areas make up 20% of all cases
citywide as of Sept. 19 and could spread to other neighborhoods “unless action
is taken,” it said.
Texas Hospitalizations Rise for Second Day (6:13 a.m.
HK)
Texas added 17,820 cases to its tally of confirmed
infections, bringing the total to 716,207. After seeing daily new cases dwindle
to less than 5,000, it was the second consecutive day the state reported a big
jump, though it attributed the majority of the increase to “older cases” that
were recently reported.
Hospitalizations climbed to 3,207, the second straight day
of increases. A two-day rise hasn’t happened since cases began falling from the
peak in July, when more than 10,000 people were in the hospital with the virus.
Deaths rose by 77 to 14,994.
Goldman Halts London Office Return Plan (4:30 p.m. NY)
Goldman Sachs Group Inc. is reversing course in London after Prime Minister Boris Johnson
appealed to Britons to work from home to help tame a resurgent coronavirus.
The Wall Street bank is encouraging its London employees to
go back to working remotely if possible, though its Plumtree Court office will
remain open for those who need it, according to a memo. The change comes just
as the bank was preparing to welcome a bigger share of its staffers back into
London and New York offices after months of lockdowns left its central hubs largely
empty. Goldman had returned about 20% of staff back to Plumtree Court.
Following the markets on both sides of the Atlantic since 1968. A dinosaur, who evolved with the financial system as it was perverted from capitalism to banksterism after the great Nixonian error of abandoning the dollar's link to gold instead of simply revaluing gold. Our money is too important to be left to probity challenged central banksters and crooked politicians.
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