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Wednesday, August 31, 2022

A Briefing-The Corporate Risk From The US Midterm Elections

 

ON SECURITY

The Corporate Risk From the U.S. Midterm Elections

14 MIN READAug 31, 2022 | 09:00 GMT

Texas Democratic gubernatorial candidate Beto O'Rourke speaks to supporters during a campaign rally on Aug. 24, 2022, in Humble, Texas.

Texas Democratic gubernatorial candidate Beto O'Rourke speaks to supporters during a campaign rally on Aug. 24, 2022, in Humble, Texas.

(Brandon Bell/Getty Images)

Simmering domestic political grievances, rhetorical incitement and the influence of foreign actors mean that targeted attacks, isolated civil disturbances and malicious cyber activity are three of the largest corporate security risks to safety and operations in the run-up and immediately following the U.S. midterm elections in November. In the wake of federal authorities' Aug. 8 search of former President Donald Trump's Mar-a-Lago residence, extensive media reports have emerged regarding a spike in violent online rhetoric threatening retaliation. Although not released publicly, the FBI and Department of Homeland Security on Aug. 12 reportedly jointly issued an internal intelligence memo warning of heightened threats to "law enforcement, court, and government personnel," including some that are "specific in identifying proposed targets, tactics, or weaponry." As many observers had already warned, the FBI-DHS memo also reportedly specifically noted that the midterm elections could be "an additional flashpoint" for violence.

  • Violent incidents linked to the Mar-a-Lago search have already occurred. Most notably, on Aug. 11 a man armed with an AR-style rifle and a nail gun attempted to breach the FBI's Cincinnati field office, but fled to a nearby cornfield where police later killed him after a six-hour standoff. The man posted on Trump-backed social media platform Truth Social that he wanted to kill federal agents, encouraged others to do the same, and even posted a message as he attempted his incursion into the FBI field office.
  • On Aug. 12, police arrested a Pennsylvania man for a string of extremely violent posts on Gab, a social media platform popular with far-right extremists used to coordinate their activities before the Capitol riot on Jan. 6, 2021, threatening FBI agents.
  • The FBI-DHS memo reportedly warned of many other online threats, including a threat "to place a so-called dirty bomb in front of FBI Headquarters;" repeated calls for "civil war," "armed rebellion" and similar violent threats; and many threats against specific individuals, which in some cases have included personal identifiable information like home addresses and family members' names as additional targets for violence.
  • Numerous reports also have emerged of threatening rhetoric on more mainstream social media platforms like Twitter, on cable television and radio shows, and via public statements by high-profile groups or individuals, including national political leaders. For example, former Trump official Steve Bannon has made numerous online posts and public statements using the word "war" to describe a necessary response to the FBI search.
  • While right-wing extremists have received far more attention given their apparent greater threat potential, authorities have also voiced concern about left-wing extremists — especially given the recent Supreme Court recent reversal of Roe v. Wade, which could motivate them to carry out physical attacks and other disruptive activities directed at politicians, judges, anti-abortion interest groups or others they hold responsible.

Taking advantage of persistent political grievances, the rhetorical incitement in recent weeks portends a lowering threshold for violence that foreign threat actors are also likely to exploit as the midterm elections near. Driven largely by the proliferation of various baseless conspiracy theories alleging widespread fraud in the November 2020 elections, many polls have indicated that between two-thirds and three-quarters (and in some cases more) of Republicans do not believe that President Joe Biden was legitimately elected. Scores of candidates who either outright deny or have questioned the results of Biden's election are on the ballot this fall, helping to harden resistance to Biden's legitimacy and to expand 2020 election denial narratives. The violent language following the FBI's Mar-a-Lago search has tapped into these grievances, as there is already a receptive audience predisposed to view Trump as a victim and to see various alleged opponents like the FBI as irredeemably belligerent and biased, thus necessitating what is portrayed as a justified response. The risk will increase if authorities — especially at the federal level, but also potentially in another jurisdiction — charge Trump with any one of potentially multiple crimes. While it is nearly impossible to draw clear causation between violent rhetoric and violent action, significant research has shown how language that is repeated, especially within so-called "echo chambers" (such as online forums or narrow media environments), can normalize ideas and influence the behavior of some individuals. These societal divisions and an environment of inflammatory rhetoric will provide fertile ground for a range of foreign threat actors, including nation-states like Russia and cybercrime groups, to amplify partisan sentiments, spread dis- and mis-information, and stoke real-world unrest.

  • Matching the findings of other organizations, Economist/YouGov polling since the November 2020 elections has consistently found that upward of 70% of Republicans do not think Biden was legitimately elected. As of Aug. 15, a review by The Washington Post found that more than half of Republican victors in primary elections so far have repeated false claims about the past presidential election, suggesting that the issue will prominently feature in many campaigns and media coverage in the coming months.
  • Multiple surveys have found that a significant minority (up to 25% in some cases) of U.S. voters feel that politically motivated violence can be justified in certain cases. Even acknowledging that such findings may be largely overstated and that only a small number of people may actually act on such views, that still leaves thousands of people — such as the Cincinnati gunman — who may be predisposed to take violent action on their own or in small groups, especially when they also have personal grievances. Notably, these risks exist not merely on the far-right but also on the far-left.
  • Multiple countries, most notably Russia and Iran, have a history of seeking to directly interfere in U.S. elections by stoking partisan divides and inciting real-world unrest. The midterm elections may make a particularly tempting target for Russian information warfare because of the Kremlin's strong incentives to interfere in U.S. politics amid the ongoing war in Ukraine in a bid to elect less hawkish policymakers or at least distract the United States from foreign policy priorities by forcing it to focus on domestic problems.

Despite these underlying drivers for violence, the nature of the midterm elections, divisions among potential threat actors and preemptive protections by relevant third parties constrain the potential for coordinated and widespread violence. Unlike the November 2024 general elections, when Trump may again be the Republican presidential candidate, the midterm elections appear to lack a single event of national significance that could stir up anything akin to the Capitol siege. Moreover, despite high-profile media coverage of certain races and the potential for higher turnout in the wake of the reversal of Roe, voter participation in midterm elections is generally lower, as many people are less invested in the outcome compared to a presidential campaign. Meanwhile, for all the online calls for violence, right-wing extremists have been beset by internal divisions (over tactics, targets, timelines for action and other points) and mutual suspicion of undercover police officers in their midst. These challenges have prevented them from effectively coordinating any sort of large-scale disruptive, let alone violent, activity. To this end, law enforcement agencies at all levels of government have stepped up efforts to counter politically motivated violence, and more proactively deployed to prevent violence at potential flashpoints like public rallies. Furthermore, while still very much imperfect, social media and technology companies have put more attention on — and strengthened their abilities to remove — violent content and related dis- and mis-information.

  • Far-right demonstrators called off a planned Aug. 14 protest outside of FBI headquarters in Washington after numerous individuals in online forums expressed concern that it was a trap set by law enforcement. In the past year and a half, similar fears of law enforcement infiltration have deterred or significantly limited turnout at similar protests, including the poorly attended Sept. 18, 2021, Justice for J6 rally outside the Capitol.
  • Various federal agencies have been preparing for threats linked to the midterm elections. For example, the Cybersecurity and Infrastructure Security Agency has been providing resources to state and local election officials and recently convened a three-day tabletop exercise to prepare for a range of polling threats. Meanwhile, since its creation last year, the Department of Justice's Election Threats Task Force has reviewed more than 1,000 threats against election officials resulting in multiple investigations and a growing number of legal charges, most recently in mid-August against an Arizona man.

This threat landscape, which will intensify in the days surrounding the midterm elections, suggests that targeted attacks, sporadic civil disturbances and various cyberthreats are the most likely corporate security risks. While a wide range of other threats — such as heightened personal safety concerns for election and law enforcement officials, threats to polling places and other government buildings, and the potential for mass shootings that are at least in part politically motivated — exist, these do not necessarily present direct corporate security threats, even though they contribute to an elevated threat environment in which organizations and their personnel may be harmed. By contrast, the following threats are more likely to directly threaten employee safety and business continuity, and will become more likely if authorities take further legal action against Trump. Given the constraints on large coordinated group activity, lone actors or small groups are more likely to drive the first two threats, whereas foreign online threat actors are more likely to drive the third one.

  • Targeted attacks: While election and government personnel and buildings face even greater risks, the diverse array of political grievances and threats mean that private organizations are by no means immune from targeted violence, especially if they are in any way linked to political activity, even if falsely or only tangentially. For instance, Dominion Voting Systems employees faced threats in the wake of the November 2020 elections after conspiracy theories fraudulently claimed its machines had been used to transfer votes from Trump to Biden. Similarly, threats to multiple social media and technology companies circulated online after they took steps to remove right-wing extremist content and users from their platforms following the Capitol riot. These examples suggest that private organizations' personnel or property may be similarly targeted for politically motivated violence, especially if they are portrayed as somehow linked to alleged election-related schemes or depicted as politically biased. Potential targeting ranges from lower level vandalism or harassment to lethal attacks. Notably, as seen during protests against mask and vaccine mandates, frontline personnel and publicly accessible property are at particular risk for retaliation against corporate policies. There may also be aggrieved employees who represent potential insider threats for violence targeted at their co-workers or against leadership. Though overall, right-wing extremists have expressed the clearest grievances, these scenarios could also include left-wing extremists.
  • Isolated civil disturbances: Even if widespread violent unrest is less likely due to limits on coordinated group activity and a more proactive law enforcement posture, there will be an ongoing risk of disruptive protest activities that could escalate to at least larger disturbances (like looting and unruly street protests) in more confined areas. Even if not directly targeting organizations, these will present personal safety and business continuity risks, especially in urban areas. Potential flashpoints include clashes between protesters and counterprotesters (and secondarily between protesters and police) and localized attempts to storm and/or take over certain areas. These risks will be greatest in places with close or contested races, especially in battleground states like Arizona and Georgia, where there are a particularly high number of Republican candidates who question or outright deny the November 2020 election results. But regardless of where they occur, civil disturbances that last for even only a brief time — especially when they feature both far-right and far-left protesters who conduct tit-for-tat actions — can threaten employee safety, harm property and/or disrupt normal business operations. Furthermore, resulting security deployments to quell unrest can lengthen the time of disruptions by at least temporarily preventing access to certain areas or enforcing other local restrictions.
  • Myriad cyberthreats: Nation-states, cybercriminals and hacktivists are all likely to view the midterm elections as a prime opportunity to pursue their varied goals as they seek to take advantage of political polarization and ongoing calls for violence. While they may at times use similar tactics or pursue complementary agendas, their past activity suggests countries will be more focused on spreading dis- and mis-information, cybercrime groups will seek ways to profit and hacktivists will aim to cause reputational harm. Not only are these threat vectors likely to amplify the two aforementioned risks — for example, nation-state efforts to amplify and spread false information may help provoke violent attacks or unrest — but also organizations themselves may be directly targeted. For instance, cybercriminals are all but certain to conduct election-related phishing scams to get into corporate networks to facilitate ransomware attacks, while hacktivists will be incentivized to carry out hack-and-leak or doxxing campaigns against corporate targets. Notably, politically sympathetic insiders may help some of these operations, especially as various cyber threat actors are increasingly seeking to recruit within organizations.

While the aforementioned threats are the most likely direct corporate security risks, there are also multiple lower likelihood but higher impact scenarios to consider in contingency planning. These scenarios do not include the possibility that domestic right-wing extremist groups could overcome internal divisions and mutual suspicions in order to carry out more coordinated attacks. Doing so would pose greater threats to personal safety and business operations, as violence would likely be more widespread and impactful. This could be via attacks on public spaces that could involve more sophisticated weaponry and tactics, especially if militia groups are involved. The following scenarios, however, are separate from this possibility.

  • Major foreign or domestic terrorist attack: An attack, especially one that causes mass casualties, on or surrounding election day would not only present an immediate threat to public safety, but also pose various knock-on consequences that could pose secondary threats. These include undermining the legitimacy of the polls (for instance, if the attack leads to extremely low turnout that results in a surprising outcome) or causing broader unrest (for example, if right-wing extremist groups publicly mobilize in response to a jihadist attack). In this scenario, an overtly political domestic terrorist attack — be it from the far-right or far-left — would likely raise greater disruptive risks because it would inevitably stoke partisan recriminations with unpredictable consequences.
  • High-profile assassination: The killing of a leading government official, a major politician or a similarly influential political figure could cause political instability (potentially generating protests and security deployments in response) and also lead to calls for vengeance that trigger a violent reaction or social unrest. As an example, if the California man arrested June 8 for plotting to kill Supreme Court Justice Brett Kavanaugh over his anti-abortion and pro-gun stances — an example highlighting the potential for left-wing extremism, especially regarding these issues — had succeeded in his attack, it could have triggered calls by right-wing extremists for violent retaliation.
  • Anti-government standoff: As authorities continue to scrutinize the activities of various right-wing groups, there is a risk that an operation to disrupt one (something eminently possible before the midterm elections if law enforcement officials believe the group is plotting violence) leads to a protracted standoff. In such a scenario, sympathetic individuals may come to see members of the group as martyrs and inspire copycats to take action elsewhere in response to perceived government overreach. This risk would grow should law enforcement kill any group members, which would trigger calls for retaliation.
  • Widely heeded call for protests: Should a losing candidate refuse to concede and call on supporters to take the streets, there would be a higher risk of disruptive, longer and potentially violent demonstrations. This threat would be greater if the candidate ran for a high-profile office (such as the U.S. House or Senate, or a state governorship) — thus generating much greater attention — and also if he/she alleges federal interference in state and local polls, thereby exploiting underlying anti-government sentiments. A similar situation specifically involving Trump could emerge if authorities formally charge him, which would fuel calls from him and his supporters to demonstrate publicly. As seen in the Capitol riot, such a scenario can quickly escalate, even if it begins peacefully.
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Tuesday, August 30, 2022

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20,000,000 Million Americans Are Facing A Potential Bleak Winter Without Electricity, Natural Gas, Or Heating Oil

      When electric power and heating are cut off in bad winter weather people literally die. It is not just the elderly and vulnerable. In February of 2021, the State of Texas experienced blizzard-like conditions rarely seen in its history. The electric power grid was not designed for such temperature extremes. It failed. Natural gas delivery also failed. Official State of Texas statistics indicate that 246 people died. CNN recently stated that over 800 people died during this ordeal.

    Over the last few weeks, I have talked about the cold and bleak winter that people in Europe will face this winter. They are facing cutoffs of Russian natural gas and coal deliveries. Droughts have depleted bodies of water that normally provide hydroelectric power. Aside from Norway, England, and some gas fields with Holland with seismic problems, Europe is not blessed with the natural resources that the US and Russia have. The US and China have stepped up natural gas deliveries to Europe. Governments will provide subsidies to help consumers with crushing utility bills. I suspect that Russian energy consumers will get subsidies from their government.

     I got a huge surprise yesterday with respect to the United States. We have natural gas reserves to last until 2060. I suspect that we have similar reserves of oil. There are large coal deposits. We should be facing no serious problems this winter. I got a shocking report that 20 million people in the US are very close to electric power and heating cutoffs. Here is a fascinating article:

 

 

Over 20 million households risk losing utilities

 

By Taylor Delandro, Mitch Carr, Nexstar Media Wire, Dray Clark

 

The Hill

 

 15 hours ago

 

https://img.particlenews.com/image.php?url=08hdAo_0hZqe5t300

 

NEW YORK (NewsNation) — The rising cost of living and the impact of inflation have left millions of households across the U.S. with outstanding utility bills — an issue that could get worse with power shutoffs on the horizon and cooler weather looming.

 

 

 

The National Energy Assistance Directors Association, which collects national data on energy assistance programs, says 1 in 6, or more than 20 million households, are behind on their power bills.

 

 

 

A primary source behind the utility debt is a surge in energy prices. Natural gas prices have jumped since Russia invaded Ukraine in February. The cost of natural gas was up 30.5% year-over-year in July, according to the U.S. Labor Department. The average rate for electricity was up about 15% in July — the largest increase since 2006.

 

 

 

Across the country, millions more are over 60 days behind and in danger of losing their service as the bill is coming due.

 

 

 

In March, the Office of the New York Comptroller said 1 in 8 New Yorkers hadn’t paid their utility bills. That’s 1.2 million people owing a combined $1.8 billion to utilities, and since then, not much has improved.

 

 

 

In New Orleans, some residents carry four-figure utility bills. On Saturday, Entergy New Orleans hosted its first energy fair to learn more about payment options, energy-efficient education, electric vehicles and hurricane preparedness.

 

 

 

“This is a great opportunity, providing that we have the money to go ahead and assist our residents.”

 

 

 

In Indiana, Duke Energy, the state’s largest power provider, is considering a 7% price hike or $11 more on each bill starting in October.

 

 

 

Utility companies blame inflation and the high cost of natural gas for inflated prices.

 

 

 

“This is a temporary rate increase. again, fuel cost fluctuates,” said Angeline Protogere, a Duke Energy spokesperson.

 

 

 

With “pandemic” utility moratoriums expiring, power companies are preparing for shutoffs, meaning it could be a long cold winter for many families.

 

 

 

“We are continuing that moratorium until September 1st,” said Patrick Stella of National Grid, a power company providing service in New York, Massachusetts and Rhode Island.

 

 

 

For those drowning in utility debt, all 50 states received nearly $5 billion in federal funding for home energy assistance programs to help low-income families pay their high utility bills.

 

 

 

It’s usually first come, first served, and with millions of people in the same predicament, waiting to ask for help could leave people in the dark.

 

 

 

This has been a very hot summer for many parts of the country, which left people running their air conditioners longer, only adding to their outstanding unpaid balances.

 

 

 

Without the federal protections in place to prevent shutoffs like those that existed early in the pandemic, utility companies are seeing customers rack up debt at an unprecedented pace.

 

 

 

While late and unpaid bills for utilities are common and have always been, it’s the amount of utility debt that Americans have racked up that’s leading to calls for more federal assistance to pay down these balances.

 

 

 

Before the pandemic, the National Energy Assistance Directors Association reported that overall, Americans had about $8 billion in utility debt.

 

 

 

As payment moratoriums kicked in, the number began to grow to more than 13 billion. Then, in the first six months of this year, utility companies hiked rates and more Americans fell behind on their bills, adding $3 billion in utility debt in 180 days. I went to work on the notebook.

 

     We need to start looking at electricity and natural gas utility bill subsidies to save lives this winter.

 

 

Sunday, August 28, 2022

Affluent Russian Tourists In Turkey Are Confronted With Pictures Of Dead Ukrainian Children Killed By Russian FOrces

 The FT of London has a banner headline this morning that caught my attention:

    "Should Europe Ban Russian Tourists?"

     There is one country that gladly accepts roughly 2,500,000 Russian tourists each year-Turkey. It "straddles the fence" on the Russia/Ukraine war. The country also accepts Ukrainian refugees. I saw a poignant video from Turkey a few days ago that really touched my heart. Some Ukrainian refugees are mothers or grandmothers. They get pictures blown up of their young children who were killed due to Russian shelling, Russian bombs, or Russian soldiers. They confront affluent Russian tourists and give them the details of losing a beloved child. Elena was very curious about how the Russian tourists reacted when confronted. The video did not make this clear. It appears that Turkish authorities make no effort to stop these aggrieved mothers.

Saturday, August 27, 2022

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     There is one quite amusing story emerging from the controversy surrounding the Mar Lago FBI Search Warrant. In all fairness, both Republicans and Democrats could have fallen for this slick fraudster.

     One source claims that Inna's father is an Illinois truck driver. Another course says that she came to the US six years ago from Ukraine. She is an attractive and charming woman. She is also very clever. She obtained false US and Canadian passports under the name Anna de Rothschild. She started to represent herself as part of the famous Rothschild banking family. This family is "Old Money" in the truest sense of the word. They have been fabulously wealthy since the 1700s.

    Inna obtained a high-end luxury Mercedes, very expensive designer jewelry, an elegant wardrobe, and many other trappings of a woman from a wealthy and powerful family. She set up a charity that bilked donors of a large sum of money. She is suspected of using the same charity to launder large sums of money for organized crime people.

    A well-connected person fell for Inna's story. He got her invited to Mar Lago to meet with Donald Trump and his family. As you can imagine, when you go to meet a current or former President of the United States, the Secret Service gives you a rigorous background check that might include taking a set of your fingerprints.

    Anna (Inna) passed all the background checks. She was admitted to Mar Lago. She found herself on the golf course with former President Trump and Senator Lindsay Graham. She attended events with Trump family members. She became a close friend of Kimberly Guilfoyle, the former wife of Governor Gavin Newsom and current domestic partner of Donald Trump, Jr. There were negotiations for the Rothschild family to work on large real estate development projects with The Trump Organization. A very smart musician and a newspaper reporter "blew her cover."

     Inna is under investigation by the FBI, U.S. Secret Service, U.S. State Department, and the Quebec police. Thus far, no charges have been filed. She is living a life of

comfort and affluence in Miami. She is well-known and well-liked in the Russian-speaking community. For those really curious, here is a link to a fascinating video:

 

https://www.youtube.com/watch?v=ZWK6Z-QXxI8

 

Everyone get some great rest today. Eat some good and healthy food. Most important, tell someone close to you that you love them!

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Friday, August 26, 2022

Europe-The Worst Drought In 500 Years

 

Lights Off

EUROPE

Not a drop of rain has fallen this summer on the reservoir in Sau, a town in Spain around 65 miles north of Barcelona. Now, as Vice reported, the entire Santa Romà de Sau Church is exposed as if the reservoir had never submerged it decades ago. So-called “hunger stones,” or markers of past droughts, as well as sunken ships and other relics of the past such as ordinances from World War II have been showing up in dried-up rivers throughout the continent, added BuzzFeed News.

The drought, the worst in Europe in 500 years, has hit many other parts of the world hard. More than 60 percent of Europe is under drought warnings or alerts. But, spurred by climate change, it’s also coming at the same time that European leaders are grappling with how to cut back on importing Russian gas – the energy that emits the same greenhouse gas emissions that have helped create the problem in the first place, adding a sense of urgency to the changes that the drought might bring.

In France, the country’s storied agricultural regions are grappling with rationing, CNN reported. Mustard, for example, has all but disappeared in shops as customers fight over remaining jars.

In major French cities, shops that use air conditioning must now make sure their doors are closed or face $750 fines, even though electricity is cheap due to the county’s robust nuclear power infrastructure, the Guardian added.

In Germany, the water levels of the Rhine River, one of the most important industrial lifelines in the world, are so low that even empty vessels can no longer navigate them, Reuters wrote. The crisis is extending the supply chain problems that have wreaked havoc on the global economy in the post-pandemic era.

Meanwhile, the lights on landmarks in Berlin are dimmed or turned off in the evenings, noted Euronews.

The implications are not just economic. Writing in a Bloomberg opinion column University of Georgia historian Stephen Mihm warned that environmental upheaval usually leads to social disruptions, too, as resources dwindle and costs skyrocket. He cited records showing how drought – and consequent privation and malnourishment – caused headaches for Roman emperors, and worsened the Black Death.

Europeans are already asking if the drought could affect the continent’s cost-of-living crisis, for instance, added Al Jazeera.

Proposals to cut Russian gas consumption in Europe dovetail nicely with politicians seeking ways to respond to the crisis. The EU, which obtains around 40 percent of its gas from Russia, aims to cut that consumption by two-thirds within a year. By 2030, European officials aim to be free from all Russian fossil fuels entirely, the BBC wrote.

It’s not clear how that reduction will be possible: Wired magazine believes it is – if Europeans can tolerate big sacrifices – though importing more American natural gas might ultimately be the answer, according to the Atlantic Council.

Will those efforts help with the drought today? Not at all. Will they help years from now? Maybe.


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President Putin Is Playing Russian Roulette With The Zaporizhia Nuclear Reactor Complex

      We have a crisis situation that I want to share with you. The FT of London has a banner headline about the Zaporizhia nuclear power plant being cut off the power grid. Deutsche Welle reported the same crisis event. Here is the link to the video report:

 

https://www.youtube.com/watch?v=AePVQUJMM4U

     

     This complex of reactors produces 20% of Ukraine's power. It is the largest complex of reactors in Europe. The shelling caused the reactor to lose the capacity to provide electricity to millions of power users. Backup diesel generators saved the day.

      Nuclear security experts are afraid of water pools outside the reactor being hit and radioactive material released. A heavy rocket or artillery hit could breach the containment buildings protecting the reactors and lead to a meltdown and release of nuclear materials as happened in Chernobyl.

      Vladimir Putin is literally playing Russian roulette right now. His playbook is the same one used by Russian leaders for decades. The way to win a war is through massive artillery attacks against civilians and civilian positions. It is cold-blooded, brutal, and senseless terrorism. It does not force people to submit and surrender. It makes people more determined to resist.

    If there is a large-scale release of nuclear material from this reactor complex, it would scatter deadly radioactive materials in Ukraine, Eastern Europe, and even Russia. The estimated casualties from such a release of radioactive materials would be devastating beyond comprehension.

      Some cynical people claim that Putin might deliberately cause a radiation release here at the reactor, blame it on Ukraine, and use it as an excuse to exit the war.

       I had so much hope when French President Macron got Putin to agree to allow international inspectors into the nuclear plant. It will be two weeks before these inspectors arrive.

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Tuesday, August 23, 2022

Singapore Considering Raising Taxes

 

Door Fees

SINGAPORE

In the 2013 novel (and 2018 hit film) “Crazy Rich Asians,” the ingénue travels to Singapore and realizes that her boyfriend is so fabulously wealthy that their backgrounds might be too different for them to share a life together.

Spoiler alert – things work out for the couple. But the film illustrates how the machinations of the affluent send ripples through the small, cosmopolitan country, a former British colony now dominated by ethnic Chinese.

To that end, a recent proposal to hike taxes on the rich is making serious waves.

First, some context. More than 13 percent of Singapore’s adult population will be millionaires in the next eight years, Fortune reported, citing global bank HSBC. If that occurs, the Southeast Asian city-state will have more millionaires than China and the US proportionately to population.

But post-pandemic inflation, government budget shortfalls and the income gap between the rich and poor have led Singapore’s government to consider measures to help lower-class families make ends meet.

“Everybody pays some form of taxes but certainly the ones with greater means – the rich and the higher-income – will have to pay more,” Deputy Prime Minister and also Finance Minister Lawrence Wong told Bloomberg Wealth. “It’s not only done through the taxation system but we also can do it through transfers and spending and make sure that spending is targeted at the lower-income (demographic) and those with greater needs.”

A campaign to increase social benefits for food delivery drivers is an example of the political ructions that such wealth disparities can cause, noted Reuters.

As Bloomberg wrote, measures could include reinstating the estate tax, which was abolished in 2008, instituting taxes on capital gains or percentages of total assets (also called a wealth tax), cutting tax breaks for philanthropy or simply raising preexisting tax rates on sales, income and excise duties on big-ticket items like cars.

Critics might argue that such new taxes would impede economic growth in Singapore. The question, however, is how much less Singapore can grow given how much wealth is pouring into the country.

More than a dozen investment firms open offices in Singapore every month due to policies that lure the firms from low-tax jurisdictions around the world, the Financial Times reported.

Wealthy folks from mainland China are flocking to Singapore, too, a safe haven for holders of capital who want to avoid the long arm of their authoritarian, communist leaders.

New Chinese millionaires and billionaires have established 63 of 143 family offices – private investment management firms that service moneyed individuals – in Singapore in the last year through April, reported the Business Times, a local financial newspaper. That’s one reason officials made a point to say the country still welcomed immigrants, Xinhua added.

The proposed new taxes, in other words, might actually be entrance fees.


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Monday, August 22, 2022

Ukraine-A Changing Country

 

A Changing Country

UKRAINE

Before Russia’s invasion of Ukraine in February, Ukraine had 40 million people. Now it is 6.7 million short.

Those missing millions have crossed the border, to Poland, to Romania, to Hungary, to safety. But that is only part of the story: Inside of Ukraine, six to 10 million people have shifted, fleeing the bombs and the fighting and the desperation for quieter parts of the country.

As a result, east is becoming west, north is becoming south and everything in between is getting all mixed up.

Hundreds of thousands of people, for example, have fled the heavily industrialized deeply Russian-influenced south and east for Transcarpathia, an agricultural region in western Ukraine, which has remained relatively unscathed by the war – by bombs and fighting, at least.

But this region, known for its verdant hills, small villages, central European culture and the Hungarian minority, has seen its population balloon by more than a third, according to the Washington Post.

And along with people come their skills, their attitudes and also their businesses – 350 enterprises have relocated to the region since March. Some of these employees, especially from the east, are still adjusting to the silence and the singing of birds that replaced the daily sound of bombs.

One manufacturer, the newspaper wrote, became the first to recycle in the region. Locals are thrilled.

And before the war, the region had about 2,000 computer scientists. Now it has more than 30,000, with the region’s leadership discussing transforming the area into a new Silicon Valley.

Across the country, as Transcarpathia grows, Nova Kakhovka shrinks. People have been escaping the city even as others hold on.

The city, in southern Ukraine, was occupied by Russian troops almost six months ago. It’s run by Russian-backed separatists, it’s likely to be annexed by Russia, and it’s also being targeted by Ukraine in its new offensive to take back areas lost to Russia, Politico wrote.

Those who remain say they have already felt as if they have gone backward in time, pointing out a new statue of former Russian Communist leader Vladimir Lenin and the new Russian and Soviet flags in the city. The Russian currency is used here now, along with Russian SIM cards, Russian-hosted internet services and Russian passports. The Ukrainian curriculum is slated to be changed to a Russian one soon.

Town officials say it’s a relief to finally be able to embrace the local identity officially.

But some residents take issue with that sentiment. And they complain that Ukrainian goods have disappeared from stores only to be replaced with poor-quality Russian ones.

“They haven’t returned us to Russia like they like to say – they’ve sent us back to the USSR of 40 years ago,” a teacher in the city told Euractiv.

“We’re waiting for the Ukrainian army,” she added. “I don’t know how it’s going to happen and where we’ll hide and what we’ll lose, but we want to be in Ukraine.”

In the heavily industrialized east and south, especially in the Donbas region, many areas are now battered and empty – Donbas alone has lost half of its six million people since the invasion began in February, the New York Times wrote. This region has long been more Russian than Ukrainian in language and culture because of centuries of rule by the Russian empire and, later, the Soviet Union.

Now, as Russia continues to employ its “scorched earth” policy on this region it wants to annex, as Bloomberg wrote, some are rejecting their own culture, especially the Russky Mir (Russian World) concept – the pretext Russian President Vladimir Putin uses to invade Ukraine.

Svitlana Panova, an IT manager who fled Crimea to the eastern city of Kramatorsk after it was annexed by Russia in 2014 and then fled from there to Lviv in the west recently, said she is rejecting her native tongue, Russian, after losing her home – twice.

“Russia left me without my home, without my family,” she told NPR. “It’s hard for me to switch to Ukrainian but I will learn it for sure.”

One-third of Ukrainians speak Russian as their mother tongue. But classes that offer Ukrainian are filling up fast. One launched recently had 800 people sign up from all regions in the country in three days, the broadcaster noted, forcing it to close registration.

For many of these Ukrainian students, changing one’s mother tongue is about more than language or culture. It’s about rejecting a bully, about unity, about the nation itself, however it will look when people stop shifting, when missiles stop falling, and when all of this is over.