Showing posts with label Americas. Show all posts
Showing posts with label Americas. Show all posts

Thursday, December 7, 2017

What Life Is Like For A Million People In Puerto Rico Who Still Don"t Have Power

Authored by Daisy Luther via The Organic Prepper blog,


If you ever wondered what it would look like if the grid collapsed here on the mainland, the island of Puerto Rico is a tragic, real-life case study.



These stories show us what life is like for more than a million people who STILL don’t have power and running water nearly 3 months after Hurricanes Irma and Maria devastated their communities.


According to a website showing the status of utilities on the island, four months after two hurricanes wrought havoc, 32% of Puerto Ricans are still without power and nearly 10% are still without running water. However, even those who have running water must boil it.


But statistics don’t tell the real story.


At first, it was a war zone.


In the first days after the grid went down, chaos ruled. I vetted as many of the stories as I could and concluded:


…there is very little food, no fresh water, 97% are still without power, limited cell signals have stymied communications, and hospitals are struggling to keep people alive. There is no 911. Help is not on the way. If you have no cash, you can’t buy anything. As people get more desperate, violence increases. (source)



A friend wrote this post about her family on Puerto Rico:


“My family has lost everything. My uncle with stage 4 cancer is in so much pain and stuck in the hospital. However, conditions in the island are far worse than we imagined and my greatest fear has been made reality. The chaos has begun. The mosquitos have multiplied like the plague. Dead livestock are all over the island including in whatever fresh water supplies they have.


 


My family has been robbed and have lost whatever little they had left. The gang members are robbing people at gunpoint and the island is in desperation. People are shooting each other at gas stations to get fuel.


 


They’re telling us to rescue them and get them out of the island because they are scared for their lives. We’re talking about 3.5 million people on an island, with no food, no drinking water, no electricity, homes are gone. Family if you have the means to get your people out, do it. This is just the first week. Imagine the days and weeks to come. These are bad people doing bad things to our most vulnerable.


 


Imagine a few weeks with no resources and the most vulnerable become desperate. What are you capable of doing if your children are sick and hungry? We have to help.” (source)



Other outlets told the same stories. Jeffrey Holsman wrote a guest post for USA Today, sharing what he was witnessing.


The sounds of automatic weapons firing were audible Tuesday evening in San Juan. We were told the National Guard had arrived, but I hadn’t personally seen a Jeep or uniform in the streets yet.


 


Total darkness has swallowed Puerto Rico, as it has every night since the 12-hour monster Hurricane Maria roared across the island with more than 20 inches of rain and 155 mph winds. I’ve never experienced anything like it: wind and rain from every direction, pounding continuously.


 


Now, a war zone best describes what’s left of what was once an emerald green gem in the Caribbean…


 


…after Maria, we face hours upon hours of waiting in lines for gas that might not be there; hours waiting in bank and ATM lines for money that might not be there; hours waiting in grocery store lines for food that might not be there. (source)



It only took a few days before people began to become ill from the tainted water. There were many injuries related to the storm, as well as the aftermath, and these crises were compounded by the lack of medical assistance.


Only 11 of 69 hospitals on Puerto Rico have power or are running on generators, FEMA reports. That means there’s limited access to X-ray machines and other diagnostic and life-saving equipment. Few operating rooms are open, which is scary, considering an influx of patients with storm-related injuries. (source)



People were unable to acquire essential medications and treatments like dialysis.


And this was only the beginning.


One month after the disaster…


A month after Hurricane Maria, the situation was still very grim. Three million residents were still without electricity and one million were without running water. (source) Officials reported 54 deaths attributed to the hurricane but many said that the number was far higher. The mayor of San Juan said that the number of cremations had doubled and put the actual casualties at closer to 500 people.



She said: “It appears, for whatever reason, that the death toll is much higher than what has been reported. What we do know for sure is that people are being catalogued as dying…natural deaths”.


 


She explained that some of the deaths relating to the hurricane were being reported as “natural causes” because the storm was the secondary factor in their death.


 


For example, some people reportedly suffocated after their respirators stopped due to the power cut…


 


…The bodies were cremated before the medical examiner could determine whether they should have been included in the official death toll.


 


Accurate information about the figure is particularly important in the US because if a person dies in a natural disaster, their family has the right to claim federal aid. (source)





Evelyn Milagros Rodriguez, a librarian at the University of Puerto Rico wrote a first-person account of the aftermath during the first month post-Maria. She reported that the books, computers, and furniture at the library were mostly ruined and that mold had invaded the building. Here’s an excerpt from her story:



What outsiders are unable to see, perhaps, is that an entire culture has arisen around the catastrophe caused by Hurricane Maria – one with typically catastrophic traits: material scarcity, emotional trauma, economic catastrophe, environmental devastation.


 


Puerto Ricans are now facing a dramatically different way of life, which means our relatives and friends in the diaspora are, too.


 


Nothing about life resembles anything close to normal. An estimated 100,000 homes and buildings were demolished in the storm, and 90 percent of the island’s infrastructure is damaged or destroyed. Not only are there shortages of water and electricity but also of food, highways, bridges, security forces and medical facilities.


 


It’s dangerous to venture outside at night. An island-wide curfew was lifted last week, but without streetlights, stoplights or police, driving and walking are dangerous after dark.


 


The official tally of missing people varies, with police tallies ranging from 60 to 80 right now. Considering Puerto Rico’s hazardous conditions and limited health care services, that number is sure to rise. We are well aware that epidemic diseases, including leptospirosis and cholera, could come next. Health concerns are further stoked by the delays and disarray of the various federal agencies tasked with handling this emergency. (source)




Leyla Santiago, a CNN journalist who had been born in Puerto Rico and still has family there, echoed the librarian’s story in her own report.


Puerto Rico has also changed forever.


 


The struggles are everywhere. And where there is help or supplies, there are lines, always lines.


 


Some days, it would be people lining up for gas. And then for food at the supermarket. The longest lines were now to use the ATM.


 


I became numb to the lines quickly.


 


When we passed another long one at the port, I didn’t think anything of it. Until it hit me.


 


Thousands were lining up to leave Puerto Rico. I watched as an old man dragged an oxygen tank, while pleading with organizers to let him on that massive cruise ship now acting as a refugee transport. Another man lifted his shirt to show the scars from an operation, hoping it would convince the right people that he needed to get off the island. (source)





Although unthinkable, it’s even worse in more remote areas of Puerto Rico. Despite their preparations, Rosana Aviles Marin’s elderly parents’ lives were devastated in their central mountain village.


The winds of up to 155 miles per hour that roared across the island buckled the house’s walls and tore holes in the ceiling, letting in water that destroyed furniture, framed photos of Marin and her siblings, and brightly colored ceramic statues of Jesus.


 


That wasn’t all it destroyed. The storm also downed power lines throughout the area, and Marin and her parents have been entirely without electricity for weeks. Much of their food went bad, they have no cellphone service, and local markets and restaurants remain closed. Her parents use a small diesel generator to power lights and, for a few hours per day, a small refrigerator. The rest of the time, she tells me during a recent trip to the area, “my parents live in darkness.” (source)



The island’s major source of revenue has been tourism, and that has all but stopped since the hurricane. Considering how badly they were struggling economically before, that is just another blow to a place driven to its knees.





The narrow blue cobblestone streets of Old San Juan are deserted. Cigar shops are boarded up. Boutiques in bright colonial buildings are closed...


 


...About a third of the hotels in Puerto Rico remain shuttered. Restaurants and shops are still without power. Beaches are closed for swimming because of possible water contamination.


 


The high season begins in December, and tourism officials are hoping to lure some visitors, but that depends on when power is fully restored and how quickly hotels and attractions can repair the catastrophic damage. (source)




It’s a Catch-22. Until the tourists return, many won’t be able to afford to restore their businesses. But until they restore their businesses, the tourists won’t return.


Two months after…


Two months to the date after Maria struck with a vengeance, only half of the residents of the island had power. The return of infrastructure began in the cities and wealthier areas. Those in poor or remote areas are still waiting. 


Here’s a video of what it looks like in Puerto Rico right now as people struggle to restore electricity.



Billions of dollars were allocated by the government and millions has come in from private donors.


 


Politicians have been in and out of the island and that has led to a spending law that provides $5 billion for Puerto Rico’s recovery and billions for government agencies providing disaster assistance. Projections are that a lot more will be needed.


 


On top of that, millions has been raised and contributed by private groups and foundations and individuals.


 


Cruz (the mayor of San Juan) said people from around the United States have been sending small donations, money orders, $50 or $10 attached to cards or pieces of paper. Some gave as much as $300 to $500.


 


“We’re going to use it to rebuild homes, to make sure people have good drinking water, because even if it comes out of a faucet it has to be drinkable, to schools for children. Some of the schools have been in really bad shape. Twenty-five percent of what comes into the foundation goes to other towns outside of San Juan,” she said. (source)



At two and a half months post-hurricane, PBS reported the following statistics:


  • 66 percent of power on the island has been restored

  • 93 percent of the island has access to water, but it remains on a boil advisory

  • 73 percent of cell sites are up and running

  • 982 survivors remain in 41 shelters across the island

The island still looks like a war zone.


Trash and debris from the storm remain a rampant problem. The U.S. Army Corps of Engineers reported it has removed more than 639,000 cubic yards of debris. But it is still tasked with removing at least 2.7 million remaining cubic yards. (source)



Residents of the island are without resources and are at the mercy of FEMA…and government funding.


Democratic Sens. Bernie Sanders and Elizabeth Warren unveiled a bill that would provide $114 billion in aid to Puerto Rico and the U.S. Virgin Islands…


 


[But] the package is unlikely to get a vote, analysts say


 


Meanwhile, more than 200,000 people from Puerto Rico have arrived in Florida since Maria hit, according to the Florida Division of Emergency Management.


 


FEMA is now moving from response to recovery mode. FEMA is still providing daily food, fuel, and water to survivors of Maria, the longest such sustained distribution after a disaster in FEMA history. (source)



You can get more details about the proposal here.


And now, the return of electricity has been further delayed.


Previously, Puerto Rican officials estimated that the island would have electricity again by December? It turns out they were wrong. Now it looks like everyone in Puerto Rico won’t have power until February… at the earliest.


PREPA acting Director Justo Gonzalez cited “natural” and hurricane damage to the power grid that was initially unidentified as the reason for the delay of power generation.


 


Others have said full power and other utilities will not be completely restored until March. (source)



Between Puerto Rico’s economic problems and an aging grid, this isn’t a speedy process.


Before the storm hit, I wrote an article predicting at least a 6-month wait before power was restored, and this was for a variety of reasons. I cited Philipe Schoene Roura, the editor of a San Juan, Puerto Rico-based newspaper, Caribbean Business, who wrote of the many reasons that it would take so long:


“The lifespan of most of Prepa’s equipment has expired. There is a risk that in light of this dismal infrastructure situation, a large atmospheric event hitting Puerto Rico could wreak havoc because we are talking about a very vulnerable and fragile system at the moment,” Ramos added…


 


…Francisco Guerrero (a fictitious name to protect his identity), a Prepa field worker for 23 years, said it would take months for Prepa to bring up Puerto Rico’s power system should a hurricane like Harvey strike the island.


 


The lack of linemen and other technical personnel, as well as a lack of equipment—including replacement utility poles for powerlines and replacement parts—are the issues of greatest concern among public corporation employees, who say they risk their lives working with equipment in poor condition that provides them with little safety.


 


Guerrero said that today only 580 linemen remain out of the 1,300 who were part of the workforce in previous years—and that’s not counting the upcoming retirement of another 90 linemen. Likewise, he said there are only 300 electrical line testers to serve the entire island.


 


The source also said that much of Prepa’s equipment dates back to the 1950s—and the more “modern” equipment that is still functional dates from the 1990s; in other words, it’s from the past century.


 


“If a hurricane like this one [Harvey] hits us, the system is not going to come online, I’d say, in over six months. Right now, the warehouses don’t even have materials. I’m talking about utility poles and other stuff,” Guerrero explained. (source)



It turns out that Rora was not exaggerating. But money and a dilapidated system aren’t the only problems. There is an issue of geography as well.


Puerto Rico’s biggest power generators are on the south of the island, but most of its inhabitants live on the north side, primarily in San Juan. There are four high-capacity transmission lines that carry power from the south to the north, and they pass through the center part of the island, the region Marin calls home. The problem is that central Puerto Rico is mountainous, full of huge swaths of thick forest, and mainly reachable only by driving on terrifyingly narrow dirt roads.


 


That makes it hard to reach those four vital lines even in the best of circumstances. In post-Maria Puerto Rico it’s even harder, because the center of the island was the region hardest hit by the hurricane. Since the government is trying to get power to San Juan first, that means those in the regions devastated most by the hurricane will be waiting the longest for power to be restored. Sánchez, the engineer, says workers would need to be flown in by helicopter to clear debris before repairs could even begin. (source)



Would you be prepared for something like this?


If you think something like this couldn’t happen to us on the mainland, you’re deluding yourself.


Our grid isn’t in fantastic shape either. For years, people in the know have been warning that our electrical infrastructure is aging and unstable. It would cost us a mindboggling 5 trillion dollars to replace the decrepit system, and age isn’t the only threat. The possibility of an EMP strike could take it down permanently (and that threat seems more real every day as tensions with North Korea rise.) If our grid was taken down by such an attack, it could kill 90% of Americans within the first year.


We would lose


  • Power.

  • Refrigeration.

  • Heating and cooling.

  • Our economy.

  • Fresh, running water.

  • Medical care.

The list could go on and on.


Few people would be ready for an event that took out the entire infrastructure for an extended period of time.  I personally lean toward a more low-tech plan for long-term scenarios like this. (For one reason, look how difficult fuel is to come by in Puerto Rico right now.)


Learning from the real-life experience of others give us just a glimpse of what we could expect.









Monday, December 4, 2017

Bitcoin Just Crashed Over $1000

Bitcoin has just collapsed over $1000, back below $11,000...On heavy volume...



Ethereum is also down hard...



No immediate catalyst for the move, but we do note that it started as Venezuela"s Maduro unveiled "The Petro" - their official cryptocurrency.


Or is this why?



The dreaded Barron"s Cover Curse?









Tuesday, November 21, 2017

Trump Administration Ends Immigration Protections For Haitians Displaced By 2010 Earthquake

In a decision that was widely anticipated, the Trump administration has decided to end immigration protections for Haitians who migrated to the US following a devastating earthquake that laid waste to Haiti back in 2010.
Now, the 50,000 Haitians still living in the US under the protections have 18 months to leave, according to the Department of Homeland Security.


As the Washington Post pointed out, the decision was made to appease immigration hard-liners who insist the program was never intended to grant permanent residency to Haitians who were displaced by the quake.



Per the Los Angeles Times, back in May, John F. Kelly, who was DHS secretary at the time, said that conditions in Haiti had improved enough that the US would be unlikely to continue extending the temporary protection. At the time, he extended Haitians’ protected status for six months, but urged them to prepare to leave the US


Unsurprisingly, many heeded this warning. Following Trump’s upset victory in last year’s election, thousands of Haitians started crossing into Quebec, where they requested asylum. Indeed, the wave of migrants into Canada since the election has strained Canadian public services to the limit and bogged down the country’s system for approving asylum requests, leaving many in an uncomfortable legal limbo. In the meantime, hundreds of Haitians are living in makeshift shelters in Montreal, and elsewhere in the province.


Acting Homeland Security Secretary Elaine C. Duke reaffirmed that decision Monday, but provided an 18-month delay, until July 22, 2019, before the order to leave will become effective. Some of the Haitians currently covered by temporary status will be able to stay if they have other claims for legal immigration status, administration officials said.


An estimated 3 million Haitians were affected by the 2010 quake, which had its epicenter near the town of Leogane. Death toll estimates ranged from 100,000 to 160,000.









Saturday, November 18, 2017

Ben Garrison On Mending A Fractured America

Authored by Ben Garrison via GrrrGraphics.com,


Earlier this week I was on the Jesse Lee Peterson show out of LA.


It was a short segment early in the morning and we briefly discussed the NFL kneelers. I spoke about how they offended the fans, the veterans, and US history in general. I pointed out that black Americans have just as much stake and heritage in this country as anyone else. The first person to die in the Revolutionary War was Crispus Attucks, a black man. There were black Minute Men. I mentioned Andrew Jackson and the black battalion that was vital in defeating the the British in the Battle of New Orleans.


Peterson had one call for me - a woman who angrily denounced Andrew Jackson and how those slaves were forced to fight. I was taken aback by this, because those men were heroes and veterans to be honored regardless of slavery. Shamefully, some of those men did not get their freedom, but it does not take away from the fact that they put their lives on the line for their country. I might have added that nearly 600,000 ‘privileged’ white men died in the Civil War to end slavery.


The kneelers seem to have forgotten that.


Increasingly our country is divided.


 


Civility is being replaced by name calling–and even violence.


 


People want others with whom they disagree to lose their jobs.


 


Accusations of sexual impropriety are widespread.


 


Censorship is being implemented by the tech left.


 


Rational debate is replaced by name calling and fear.


 


Racial hatred is very real and always has been, but it seems worse nowadays—and our first ‘black’ president, Obama, actually set back race relations.


 


Too many people now hate our country, our history and our culture.



What is that culture? For most of our history it has been predominately European and Christian. For years we’ve had a huge influx of immigrants ‘of color’ who have a lot of children. White people will soon be a minority in the USA. There are some on the alt right calling for the protection of whites by means identity politics and segregation. Many black nationalists also want the return of segregation, after they fought so hard against it. Muslims naturally segregate themselves and demand special food, special treatment, and Sharia Law, which is completely at odds with our Constitution. The rich are getting stupendously richer and segregate themselves in gated communities. Three men in America now control more wealth than the bottom half of the US population.


Immigrants, illegal and otherwise, are now encouraged to keep their own cultures and languages. Some consider the traditional melting pot to be offensive - they say it’s ‘racist’ and ‘nativist.’



The end game of that kind of thinking will be the proliferation of ‘no go’ Balkanized zones in the United States. Trump’s brand of nationalism may be the glue needed to keep our country together. At least for a while longer.









The 11 Nations Of The United States

Via Jim Quinn"s Burning Platform blog,


In his fourth book, “American Nations: A History of the Eleven Rival Regional Cultures in North America,” award-winning author Colin Woodard identifies 11 distinct cultures that have historically divided the US.


Image result for 11 nations of the united states


Yankeedom


Encompassing the entire Northeast north of New York City and spreading through Michigan, Wisconsin, and Minnesota, Yankeedom values education, intellectual achievement, communal empowerment, and citizen participation in government as a shield against tyranny. Yankees are comfortable with government regulation. Woodard notes that Yankees have a “Utopian streak.” The area was settled by radical Calvinists.


Related image


New Netherland


A highly commercial culture, New Netherland is “materialistic, with a profound tolerance for ethnic and religious diversity and an unflinching commitment to the freedom of inquiry and conscience,” according to Woodard. It is a natural ally with Yankeedom and encompasses New York City and northern New Jersey. The area was settled by the Dutch.


new york city


New York City is located in Woodward’s New Netherland.Flickr / Andrés Nieto Porras


The Midlands


Settled by English Quakers, The Midlands are a welcoming middle-class society that spawned the culture of the “American Heartland.” Political opinion is moderate, and government regulation is frowned upon. Woodard calls the ethnically diverse Midlands “America’s great swing region.” Within the Midlands are parts of New Jersey, Pennsylvania, Ohio, Indiana, Illinois, Missouri, Iowa, Kansas, and Nebraska.


Image result for american heartland


Tidewater


Tidewater was built by the young English gentry in the area around the Chesapeake Bay and North Carolina. Starting as a feudal society that embraced slavery, the region places a high value on respect for authority and tradition. Woodard notes that Tidewater is in decline, partly because “it has been eaten away by the expanding federal halos around D.C. and Norfolk.”


Greater Appalachia


Colonized by settlers from the war-ravaged borderlands of Northern Ireland, northern England, and the Scottish lowlands, Greater Appalachia is stereotyped as the land of hillbillies and rednecks. Woodard says Appalachia values personal sovereignty and individual liberty and is “intensely suspicious of lowland aristocrats and Yankee social engineers alike.” It sides with the Deep South to counter the influence of federal government. Within Greater Appalachia are parts of Kentucky, Tennessee, West Virginia, Arkansas, Missouri, Oklahoma, Indiana, Illinois, and Texas.


Louisville


Louisville, Kentucky, is located in Woodward’s Greater Appalachia.Flickr / Peter Dedina


Deep South


The Deep South was established by English slave lords from Barbados and was styled as a West Indies-style slave society, Woodard notes. It has a very rigid social structure and fights against government regulation that threatens individual liberty. Alabama, Florida, Mississippi, Texas, Georgia, and South Carolina are all part of the Deep South.


Image result for deep south


El Norte


Composed of the borderlands of the Spanish-American empire, El Norte is “a place apart” from the rest of America, according to Woodard. Hispanic culture dominates in the area, and the region values independence, self-sufficiency, and hard work above all else. Parts of Texas, Arizona, New Mexico, and California are in El Norte.


One of our most beloved OPs, El Whatever, owns this joint.


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The Left Coast


Colonized by New Englanders and Appalachian Midwesterners, the Left Coast is a hybrid of “Yankee utopianism and Appalachian self-expression and exploration,” Woodard says, adding that it is the staunchest ally of Yankeedom. Coastal California, Oregon, and Washington are in the Left Coast.


San Francisco City and Homes


San Francisco is a natural fit for Woodward’s Left Coast.Shutterstock / prochasson frederic


The Far West


The conservative west. Developed through large investment in industry, yet where inhabitants continue to “resent” the Eastern interests that initially controlled that investment. Among Far West states are Idaho, Montana, Wyoming, Utah, Washington, Oregon, North Dakota, South Dakota, Colorado, Nevada, Utah, Nebraska, Kansas, Arizona, New Mexico, and California. 


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New France


A pocket of liberalism nestled in the Deep South, its people are consensus driven, tolerant, and comfortable with government involvement in the economy. Woodard says New France is among the most liberal places in North America. New France is focused around New Orleans in Louisiana as well as the Canadian province of Quebec.


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First Nation


Made up of Native Americans, the First Nation’s members enjoy tribal sovereignty in the US. Woodard says the territory of the First Nations is huge, but its population is under 300,000, most of whose people live in the northern reaches of Canada.


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Source


*  *  *


Woodard says that among these 11 nations, Yankeedom and the Deep South exert the most influence and are constantly competing with each other for the hearts and minds of the other nations.


“We are trapped in brinkmanship because there is not a lot of wiggle room between Yankee and Southern Culture,” Woodard says.


 


“Those two nations would never see eye to eye on anything besides an external threat.”



Related image


Woodard also believes the nation is likely to become more polarized, even though America is becoming a more diverse place every day.


He says this is because people are “self-sorting.”


“People choose to move to places where they identify with  the values,”  Woodard says. “Red minorities go south and blue minorities go north to be in the majority. This is why blue states are getting bluer and red states are getting redder and the middle is getting smaller.”









Saturday, November 11, 2017

Trump "Chats Amicably" With Putin, Sides With Russia Over "Election Interference"

All eyes were on Trump and Putin again as the two leaders bumped into each other at the APEC meeting on Saturday. They patted each other on the back several times, and Putin whispered something in Trump’s ear. The US leader listened attentively leaving reporters to guess what the two discussed.



Shortly after, President Trump again dismissed allegations of Russian meddling in last year’s U.S. election, following his first brief meeting with Russian president Vladimir Putin at the APEC conference after their first encounter in July. Speaking to reporters on Air Force One, Trump said that he believes Vladimir Putin"s denials about election meddling - over allegations raised by US intel agencies including the CIA, NSA, and FBI which claim that Russia actively worked to meddle in the election - which are an “artificial Democratic hit job” and did not want to press further because he thinks the U.S. and Russia can work together on issues that include North Korea, Syria and Ukraine. He also said that interference talk "gets in the way and that’s a shame," because people will die because of it.


Trump said Putin had told him again that he hadn’t meddled in the election: “I really believe that when he tells me that, he means it,” Trump said of the accusations.


“I think he’s very insulted by it, which is not a good thing for our country.” Trump repeated that “there was no collusion, everybody knows there was no collusion” and called it a "pure hit job" and said that “rhis is really an artificial barrier that’s put in front of us for solving problems with Russia. I think it’s a shame that something like can destroy a very important potential relationship between two countries that are very important countries. Russia could really help us.”


Putin likewise dismissed suggestions Russia influenced the elections through political advertising. Tech companies, including Facebook, have said some Russian-bought political content spread on their platforms around the time of the election.  “There is no confirmation of our mass media meddling in election campaigns – and there can’t be any,” Putin said.


Trump also said he didn’t speak to Putin about North Korea during APEC summit, and was focused on Syria and Ukraine.


While there was no official meeting between the two presidents scheduled, Trump said he and Putin spoke at picture- taking last night and at a roundtable today. “We spoke intermittently.” Scheduling and unspecified protocol issues were to blame for the fact that a mooted sit-down meeting with Trump did not happen in Danang, Putin said.


They were also seen chatting amicably as they walked to the position where the traditional APEC summit photo was being taken at a viewpoint looking over the South China Sea.



Pictures from the APEC meeting also showed Trump walking up to Putin at the summit table and patting him on the back. They also shook hands at the summit dinner on Friday evening. "We’ll have a meeting” in the future Trump said, while adding cryptically that a deal to support a political solution to Syria’s conflict would save “tremendous numbers of lives”.


“We did it very quickly,” Trump told reporters aboard Air Force One after leaving the Asia-Pacific Economic Cooperation (APEC) summit in the resort of Danang for Hanoi, Vietnam’s capital. “We seem to have a very good feeling for each other, a good relationship considering we don’t know each other well.”


Talking to journalists on Saturday after the meeting, Putin said that the absence of a separate, official meeting with the US president at the summit further proves that there is an ongoing crisis in relations between the two nations. “It means that US-Russia relations are still in a state of crisis." Moscow is, however, ready “to turn the page and move on, look into the future and solve problems important both to the people of the US and Russia,” including issues within the “sphere of security, and of economic interaction, which has dropped to virtually zero.”


Asked whether he experienced Trump’s trademark "intense handshake" habit, the Russian leader replied: “I know nothing about his habits, we are not so well acquainted, but the US president conducts himself in the best possible way, is a well-mannered person and comfortable to deal with.”


Ahead of APEC, the Kremlin and the White House gave conflicting reports on the possibility of a meeting between the two leaders, before eventually stating that there will not be an official meeting this time around. Nonetheless, Putin and Trump met and shook hands at a dinner on Friday night, and again at the start of the main meeting of Asia-Pacific Economic Cooperation (APEC) leaders on Saturday.


Eyebrows were raised when Secretary of State Rex Tillerson questioned the necessity of the Russian and US presidents sitting down for a meeting. “The view has been if the two leaders are going to meet, is there something sufficiently substantive to talk about that would warrant a formal meeting?” he told a press briefing in Beijing on Thursday. Tillerson’s statement comes at a time when US-Russian relations have reached one of the lowest points in decades.


On Saturday, the two leaders agreed on a joint statement confirming their commitment to Syria’s sovereignty, independence, and territorial integrity. “Moscow and Washington agree there is no military solution to the conflict,” the text of the joint statement, published on the Kremlin’s website, said. Putin and Trump have called on all parties to the Syrian conflict to “take an active part in the Geneva political process and support efforts aimed at ensuring its success.”


* * *


Courtesy of Axios, here is the exchange between Trump and reporters on Air Force One


Reporter: Did Russia"s attempts to meddle in US elections come up in the conversations?


Trump: "He said he didn"t meddle, he said he didn"t meddle. I asked him again. You can only ask so many times."


Reporter: Today?


Trump: "I just asked him again. He said he absolutely did not meddle in our election, he did not do what they are saying he did."


Reporter: Do you believe him?


Trump: "Well, look, I can"t stand there and argue with him, I would rather have him get out of Syria, I would rather get to work with him on the Ukraine rather than arguing about whether or not... that whole thing was set up by the Democrats. Look at Podesta, look at all the things that they have done with the phony dossier. Those are the big events. But Putin said he did not do what they said he did. But we have a good feeling toward getting things done. If we had a relationship with Russia, that would be a good thing. In fact it would be a great thing, not a bad thing, because he could really help us on North Korea. We have a big problem with North Korea and China is helping us. And because of the lack of the relationship that we have with Russia, because of this artificial thing that"s happening with this Democratic-inspired thing. We could really be helped a lot with Russia having to do with North Korea. You know you are talking about millions and millions of lives. This isn"t baby stuff, this is the real deal. And if Russia helped us in addition to China, that problem would go away a lot faster."


Reporter: On election meddling, did you ask him the question?


Trump: "Every time he sees me he says I didn"t do that and I really believe that when he tells me that, he means it. But he says I didn"t do that. I think he is very insulted by it, which is not a good thing for our country. Because again, if we had a relationship with Russia, North Korea which is our single biggest problem right now, it would help a lot. I think they are doing very well with respect to China, they have cut off financing, they have cut off lots of oil and lots of other things, lots of trade and it"s having a big impact. But Russia on the other hand may be making up the difference. And if they are, that"s not a good thing. So having a relationship with Russia would be a great thing especially as it relates to North Korea."


"Hillary had her stupid reset button that she spelled the word wrong, but she does not have what it takes to have that kind of relationship where you could call or you could do something. But this is really an artificial barrier that"s put in front of us for solving problems with Russia. He says that very strongly, he really seems to be insulted by it and he says he didn"t do it. He is very, very strong in the fact that he didn"t do it. You have President Putin very strongly, vehemently says he has nothing to do with that. Now, you are not going to get into an argument, you are going to start talking about Syria and the Ukraine."









Venezuela Bans Magazines From Publishing Photos Of Women In Bikinis

While Venezuela’s embattled government struggles with the fallout from being declared officially in default by ISDA after delaying a principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, its Supreme Court has been busy robbing the country’s downtrodden public one of the few small pleasures still available in a country that has been deprived of seemingly every necessity, from food to medicine.



Local media reported that Venezuela’s Supreme Court on Friday ruled that magazines that circulate to the general public can no longer feature images of scantily clad women on their covers.


The decree specifically mentions “pornographic” content, yet includes many mainstream magazines: According to the court, “images of nude or partially nude women in compromising and suggestive poses that stimulate sexual arousal for commercial ends” are now banned from magazines, regardless of whether the photos are editorial content, or found in advertisements.


 



 


The decision was a response to a complaint filed by a citizen against weekly sports publication El Heraldo, a subsidiary of 6° Poder. The complaint requested that the government prohibit the “publication of any example, be it digital or printed, including private subscriptions, of images with sexual content … whether it be by way of a photograph, other image, advertisements or links that could be accessed by children and young people."


The court claimed that when such images go public, the publishers aren’t aware of their responsibilities as “media outlets in society to transmit appropriate content” seen by both adults and children.


This ruling directly affects the country’s primary publications Meridiano and Líder, both of which make use of images of women in bathing suits on their covers.



“These types of sexual images don’t come with a warning, which could bring about negative consequences with respect to people’s baser instincts, and thereby put at risk the constitutional rights of the most vulnerable, namely children and young people,” the court’s ruling continues.


Venezuela’s Supreme Court has regularly kowtowed to the whims of the Maduro government, most famously when it certified a Maduro-approved directive to disband the country’s Congress, a ruling that led to the successful (if rigged) referendum vote to create a new National Assembly to help Maduro change the country’s Constitution to cement his long-term grip on power - and marginalize political dissidents who have been rallying in the streets of the country’s cities for months.


Venezuela’s economy has been locked in a vicious downward spiral after falling oil prices and years of mismanagement by Maduro and his predecessor, President Hugo Chavez have spurred inflation rates above 2,000%.




Given these endemic economic troubles, it would appear women in bikinis are the least of the societal ills plaguing Latin America’s favorite Socialist Paradise.
 









Friday, November 10, 2017

Putin, Trump Meet In Vietnam: This Handshake Followed

While officials cited "scheduling conflicts" that dashed hopes of a bilateral meeting between President Trump and President Putin on the sidelines of the APEC summit, the two "old friends" came face-to-face during the photo-op at the start of the conference... and the handshake took place...


The two were all smiles while shaking hands during the photo call...



Preparing for the traditional leaders’ photo at the Asia Pacific Economic Cooperation (APEC) summit – held this year in Da Nang, Vietnam – Putin had already taken his spot when Trump approached him, extending his hand. In the manner which has become famous, the US president then held onto Putin’s hand for several seconds, patting his counterpart on the back.



The leaders were dressed in Vietnamese national attire, in accordance with the informal APEC tradition. Both Putin and Trump put on blue shirts, while some of the other participants chose to wear white ones.


Notably the positioning of the leaders this year...right next to the Vietnamese leader and Putin...



Quite different from that of three years ago when President Obama appeared to be demoted to the old wives club...










Tuesday, November 7, 2017

Goldman"s Asset Arm Takes Big Hit On Venezuelan Bond Bloodbath

The fallout from the Venezuelan bond restructuring has claimed a major victim in Goldman Sachs Asset Management, or rather some of the “muppets” who trusted Goldman to invest their money. However, the route which led Goldman to losing a chunk of client money wasn’t just a case of bad judgement, being riddled with the usual mixture of greed, questionable ethics and government intervention. As we detailed in “Goldman Accused Of Funding Maduro’s Dictatorship”.


Goldman controversially purchased $2.8 billion of 2022 bonds in May 2017 in the state-owned oil producer PDVSA, for about $865 million - or about 31 cents on the dollar. This prompted Julio Borges, President of the National Assembly and head of Venezuela’s opposition, to accuse Goldman of “aiding and abetting the country’s dictatorial regime.” Borges threatened that any future democratic government would not recognise or pay on the bonds. In true Goldman fashion, however, the deal was just too lucrative to pass up, or so it seemed at the time, as Goldman paid a then 30% discount to other Venezuelan bonds with a similar maturity.


 


Goldman’s ”defence” was that it did not buy the bonds directly from PDVSA, consequently it did not transfer funds directly to the Venezuelan regime.




To make matters worse, when the Trump White House extended sanctions against Venezuela over the Summer, including a ban on trading Venezuelan debt, Goldman’s bonds were mysteriously exempt. As we argued here.


“the logic is that if Goldman was forced to liquidate the bonds, or worse was stuck holding them as Venezuela went bankrupt, it would take a huge hit on the nearly $3 billion notional position. As such, Goldman"s advisors to Trump made it quite clear that any sanctions against Venezuela would have to be Goldman Sachs revenue neutral first and foremost. That"s precisely what happened.”



We have to acknowledge, however, that the next comment of ours was only half correct.


“Of course, Venezuela"s default is just a matter of time, but it won"t take place before Goldman dumps its bond holdings to some unwitting retail investor or some German widows and orphans.”



It turns out that Goldman had only dumped part of its holdings prior to the expected default, and is sitting on a sizeable loss, as the FT explains.


Ricardo Penfold, a senior portfolio manager at Goldman Sachs Asset Management, earlier this year swooped on a big slice of a bond issued by PDVSA, Venezuela’s state oil company, people familiar with the matter say. Mr Penfold paid $865m for bonds with a face value of $2.8bn — a price of just under 31 cents on the dollar — reflecting the elevated risks of a default even at the time. While GSAM has since sold off chunks of the bond, it was still listed as the single biggest overall owner of the PDVSA bond maturing in 2022, with a face value holding of $1.3bn at the end of the third quarter. But with Thursday’s announcement that Venezuela would seek to restructure all its foreign bonds, the bond is now trading at 25 cents on the dollar, down from 29 cents at the start of last week. That would translate into a paper loss of $54m in just five days if GSAM has not reduced its stake since the end of the third quarter…


 


GSAM is listed as the single biggest overall owner of PDVSA debts, according to Bloomberg data based on fund filings, with $1.8bn of face value holdings.


 


A Goldman spokesman said: “We are monitoring this situation closely.” The summer deal was particularly controversial, attracting condemnation from the Venezuelan opposition and US senator Marco Rubio, because it in effect constituted a cash infusion for the increasingly autocratic government led by Nicolás Maduro. GSAM bought the bond via an intermediary, but it was sold by the central bank.



As we said, and other analysts agree, Goldman should have seen it coming. From the FT article.


Many investors who had been betting that Venezuela would manage to avoid defaulting are nursing losses. Venezuelan bonds suffered a drubbing in the wake of Mr Maduro announcing plans to restructure the country’s $89bn debt pile. “This has been a well-telegraphed train wreck,” said Robert Koenigsberger, head of Gramercy, an emerging markets-focused asset manager.


 


“There are reasons to expect that prices will go even lower from here.” GSAM and other big Venezuelan bond investors — such as Fidelity, T Rowe Price and Ashmore — could still end up making money from their Venezuelan bond purchases, as analysts expect the ultimate “recovery value” on Venezuelan debt to be higher than where the bonds are trading at now.



While the article suggests the possibility of a more favourable exit for Goldman in due course, the restructuring of Venezuelan debt is not going to be a “plain vanilla” variety. Indeed, it might be more complicated than any previous sovereign debt restructuring. The irony for Goldman, as the FT explains, is that the extension of sanctions by the US Government will make it much harder for the bank to recover its losses.


Venezuela’s plans to restructure its debts are riddled with complications. The mess of bonds issued by the country and PDVSA are hard to disentangle, and oil exports — the country’s sole financial lifeline — are vulnerable to seizures from litigious creditors. However, the biggest wrinkle is the US government’s sanctions on Venezuela, unveiled in August after the GSAM deal. In practice, they prohibit any US institutions from involvement in any Venezuelan debt restructuring.


 


“Sanctions will prevent a conventional exchange offer,” said Lee Buchheit, a senior partner at Cleary Gottlieb, who has represented a series of countries when they restructure their debts. “It’s really not clear what Maduro has in mind, or whether he even has anything in mind."


 


Venezuela owes about $750m in bond arrears and is facing a further $965m of interest payments over November and December, calculates Patrick Esteruelas, global head of research at Emso Asset Management. If Caracas has run out of money — and Russia or China decline to extend more loans to Venezuela — it will have to default. But as long as US sanctions remain in place, this will push Venezuela into financial purgatory of a protracted, unresolvable debt default. “In a world where you can’t pay and you can’t restructure, all you can do is default,” Mr Koenigsberger said. “Even without the sanction, this would have been an exceptionally tough debt restructuring. It will now be exponentially harder than anything we have seen before. And I don’t think that is priced in yet.”



It will be tragically amusing to watch what extraordinary measures the heavily Goldman-influenced White House takes to bail the bank out of its latest predicament.









Friday, November 3, 2017

Default Time: Venezuela Announces It Will Restructure All Debt After Tomorrow"s Final Payment

One week ago, we and many others wondered, if the time has finally come for Venezuela, which was facing a "no grace period" $842 million principal payment for bonds issued by state-run energy company PDVSA, to default on its billions of unrepayable obligations. As we reported then, the liquidity crisis for Venezuela was especially acute because even if it did make the first PDVSA payment, it was facing a second, even larger one today, when PDVSA had to make another $1.121BN payment.


Well, despite a several day transfer delay, Venezuela did make the first payment, however it was not clear if Caracas would also make today"s payment, although as Reuters reported earlier, "markets remained optimistic that President Nicolas Maduro’s government will make the payment, though investors expect delays. PDVSA last week struggled for days to deliver funds for a separate bond payment amid confusion over which banks were charged with transferring the money."


PDVSA bonds were down slightly in early trading on Thursday, while Venezuelan bonds were mixed, according to Thomson Reuters data.


However, as we previewed again last week, and as Reuters confirmed today, "most economists say a default is increasingly likely in the medium term as Venezuela’s collapsing socialist economic model has left the once-prosperous population destitute and led to deterioration of the OPEC nation’s vital oil industry."


It now appears that that is indeed the case, and the long overdue Venezuela default, which has been speculated ever since 2014, is finally nigh, because during a nationwide TV address, Venezuela"s socialist president Nicolas Maduro said the country will seek to restructure its global debt after the state-owned oil company makes the PDVSA payment due at midnight. Maduro blamed a financial blockade that is preventing the nation from rolling over its debt, according to Bloomberg.


“I decree a refinancing and restructuring of all foreign debt and all Venezuelan payments,” Maduro said. “We’re going to a complete reformatting. To find an equilibrium, and to cover the necessities of the country, the investments of the country.”


“We have had to face a real global financial persecution,” Maduro said, adding that OPEC member Venezuela had paid $71.7 billion in debt since he came to power in 2013, despite losing $100 billion in revenues to falling oil income. Too bad he didn"t blame the "speculators" for the collapse of his socialist paradise.


“If Venezuela wants to refinance one of its bonds, it is prohibited by the global financial dictatorship,” Maduro added according to Reuters, warning that “they will never suffocate us. We will never surrender to the U.S. empire,” he added, also criticizing Colombia for allegedly blocking a shipment of medicines under U.S. pressure.


The good news is that bondholders of the PDVSA bonds maturing Thursday will get paid in full: according to Maduro, the government will make the last $1.1 billion PDVSA principal payment due overnight. The bad news, is that everyone else is about to get a big, juicy haircut, or as Bloomberg reports, "from there on out, the nation will renegotiate its debt with banks and investors, he said in a national address."


Of course, since there is no such thing as a "unilateral restructuring" in the world of debt, and since the country has effectively previewed it will be haircutting its creditors few if any of whom will agree to Maduro"s terms, another way of putting what Maduro just said is that Venezuela is - finally  - about to default.


Now this is a problem for Venezuela"s creditors because, well, they are owed a lot of money.  In total, Venezuela has $143 billion in foreign debt owed by the government and state entities, with about $52 billion in bonds, according to Torino Capital, even as Venezuela"s international reserves - including the nation"s gold - have sunk to just $10 billion, a 15 year low. The table below shows only the upcoming coupon and maturity payments:


What is bizarre is that unlike most of its Latin American neighbors, during 18 years of socialist rule, Venezuela has always paid its foreign debt on time, including during the recent crippling economic crisis that has spurred widespread food shortages. Or rather had.


Maduro made the announcement in a televised address in which he emphasized that Venezuela has always honored its obligations, and had the money to continue doing so, but was being hampered in its efforts by the financial penalties the U.S. imposed this year for what it said were anti-democratic moves by his administration.


He may have a point:  In many ways the default was inevitable. Financial sanctions imposed by Donald Trump in August made it virtually impossible to raise money from many international investors, and led to a collapse in Venezuela oil exports. Those sanctions, which prohibit U.S.-regulated institutions form purchasing new bonds, will also limit the current regime from sitting down with U.S. investors to restructure its debt. It’s an unprecedented situation for bondholders, who have limited recourse to negotiate for payment as long as sanctions are in effect.


Vice President Tareck El Aissami - one of the individuals targeted in the sanctions - was named by Maduro as head of bond restructuring efforts. He will convene bondholders of all international debts owed by the sovereign and PDVSA. But wait, there"s more, because earlier this year, the Treasury Department alleged that the same El Aissami - who was elevated to vice president in January - protected drug lords and oversaw a network exporting thousands of kilograms of cocaine.


El Aissami spoke on TV, saying that the "refinancing", by which he probably means default, will allo Venezuela to invest in social functions, and added that Euroclear has blocked Venezuela"s payments.


Meanwhile, as a long-awaited Venezuela default is now reality, there are those - including economists such as Ricardo Hausmann - who will be delighted by the country"s aggressive move to impair its creditors, having urged the government to stop payments on its bonds. They say the debt load is unsustainable, and sending dollars to foreign investors while cutting back on imports of food, medicine and basic goods for the Venezuelan people is immoral. In the hyperinflationary banana republic case of Venezuela, they just may have a point.


Venezuelan bonds trade at an average price of 36 cents on the dollar due to widespread investor concern that the nation was headed for default. Benchmark bonds due in 2027 have plunged from about 50 cents on the dollar a year ago to 38.7 on Thursday.


As for whether or not Venezuela is about to default, from a purely technical CDS and ISDA standpoint, any distressed restructuring of debt - which is what is about to take place - is equivalent to a credit event. Which means all those who loaded up on CDS in the past three years are about to have a long-overdue payday.









Monday, October 30, 2017

FBI Is Probing Puerto Rico"s $300 Million Power Contract With Whitefish Energy

Just a day after Puerto Rico"s cash-strapped power authority on Sunday canceled its controversial $300 million contract with Whitefish Energy, a small Montana company tasked with rebuilding the island"s power grid after it was completely destroyed by Hurricanes Maria and Irma, the WSJ is reporting that the FBI is looking into the circumstances surrounding the contract.



The contract was canceled on orders from Puerto Rico Gov. Ricardo Rossello, who pointed to the burgeoning controversy surrounding the company - including its relationship with Secretary of the Interior Ryan Zinke, who is from the same small Montana town where Whitefish is based.


Zinke issued a statement last week denying any involvement in the deal. Zinke is reportedly friends with Whitefish CEO Andy Techmanski.


The company has been criticized for moving too slowly in its efforts to restore power to the island. To date, only 30% of power customers on the island have had electricity restored, more than a month after Maria first made landfall along the island"s southeastern coast.


As WSJ explains, the firm had more than 350 workers and 2,500 tons of heavy equipment on the ground for rebuilding electrical lines destroyed in Hurricane Maria. But the firm’s small size and limited track record, as well as the terms of the contract, ignited concerns around Puerto Rico’s management of the flow of federal disaster-relief dollars to the island.


The Federal Emergency Management Agency, multiple congressional committees and local auditors also have raised concerns and begun requesting documents about the deal. Ricardo Ramos, the executive director of Prepa, had defended the selection of Whitefish and said the contracting process was done according to the utility’s regulations for handling emergency situations.









Saturday, October 21, 2017

Pat Buchanan Asks: "Is Liberalism A Dying Faith?"

Authored by Patrick Buchanan via Buchanan.org,


Asked to name the defining attributes of the America we wish to become, many liberals would answer that we must realize our manifest destiny since 1776, by becoming more equal, more diverse and more democratic - and the model for mankind’s future.


Equality, diversity, democracy - this is the holy trinity of the post-Christian secular state at whose altars Liberal Man worships.


But the congregation worshiping these gods is shrinking.


And even Europe seems to be rejecting what America has on offer.


In a retreat from diversity, Catalonia just voted to separate from Spain. The Basque and Galician peoples of Spain are following the Catalan secession crisis with great interest.


The right-wing People’s Party and far-right Freedom Party just swept 60 percent of Austria’s vote, delivering the nation to 31-year-old Sebastian Kurz, whose anti-immigrant platform was plagiarized from the Freedom Party. Summarized it is: Austria for the Austrians!


Lombardy, whose capital is Milan, and Veneto will vote Sunday for greater autonomy from Rome.


South Tyrol (Alto Adige), severed from Austria and ceded to Italy at Versailles, written off by Hitler to appease Mussolini after his Anschluss, is astir anew with secessionism. Even the Sicilians are talking of separation.


By Sunday, the Czech Republic may have a new leader, billionaire Andrej Babis. Writes The Washington Post, Babis “makes a sport of attacking the European Union and says NATO’s mission is outdated.”


Platform Promise: Keep the Muslim masses out of the motherland.


To ethnonationalists, their countrymen are not equal to all others, but superior in rights. Many may nod at Thomas Jefferson’s line that “All men are created equal,” but they no more practice that in their own nations than did Jefferson in his.


On Oct. 7, scores of thousands of Poles lined up along the country’s entire 2,000-mile border — to pray the rosary.


It was the centennial of the Virgin Mary’s last apparition at Fatima in Portugal in 1917, and the day in 1571 the Holy League sank the Muslim fleet at Lepanto to save Europe. G. K. Chesterton’s poem, “Lepanto,” was once required reading in Catholic schools.


Each of these traditionalist-nationalist movements is unique, but all have a common cause. In the hearts of Europe’s indigenous peoples is embedded an ancient fear: loss of the homeland to Islamic invaders.


Europe is rejecting, resisting, recoiling from “diversity,” the multiracial, multicultural, multiethnic and multilingual future that, say U.S. elites, is America’s preordained mission to bring about for all mankind.


Indeed, increasingly, the indigenous peoples of Europe seem to view as the death of their nations and continent, what U.S. liberal elites see as the Brave New World to come.



To traditionalist Europeans, our heaven looks like their hell.


Thus Poles fall on their knees to pray to the Virgin Mary to spare them from threats of an Islamic future, as their ancestors prayed at the time of Lepanto, and of Vienna in 1683, when the Polish King John Sobieski marched to halt the last Muslim drive into the heart of Europe.


European peoples and parties are today using democratic means to achieve “illiberal” ends. And it is hard to see what halts the drift away from liberal democracy toward the restrictive right. For in virtually every nation, there is a major party in opposition, or a party in power, that holds deeply nationalist views.


European elites may denounce these new parties as “illiberal” or fascist, but it is becoming apparent that it may be liberalism itself that belongs to yesterday. For more and more Europeans see the invasion of the continent along the routes whence the invaders came centuries ago, not as a manageable problem but an existential crisis.


To many Europeans, it portends an irreversible alteration in the character of the countries their grandchildren will inherit, and possibly an end to their civilization. And they are not going to be deterred from voting their fears by being called names that long ago lost their toxicity from overuse.


And as Europeans decline to celebrate the racial, ethnic, creedal and cultural diversity extolled by American elites, they also seem to reject the idea that foreigners should be treated equally in nations created for their own kind.


Europeans seem to admire more, and model their nations more, along the lines of the less diverse America of the Eisenhower era, than on the polyglot America of 2017.


And Europe seems to be moving toward immigration polices more like the McCarran-Walter Act of 1950 than the open borders bill that Sen. Edward Kennedy shepherded through the Senate in 1965.


Kennedy promised that the racial and ethnic composition of the America of the 1960s would not be overturned, and he questioned the morality and motives of any who implied that it would.


So, why is liberalism dying?


Because it is proving to be what James Burnham called it in his 1964 “Suicide of the West” — the ideology of Western suicide.


What we see in Europe today is people who, belatedly recognizing this, have begun to “rage, rage, against dying of the light.”