Thursday, April 27, 2023

Republicans in the Kansas Legislature obtained the necessary two-thirds supermajority needed to overturn Democratic Governor Laura Kelly’s veto of a bill that requires Kansans to use public restrooms that correspond to their sex. The law will reinforce that “distinctions between the sexes” in such spaces advances “the important governmental objectives of protecting the health, safety and privacy,” the bill reads. “We want to have safety,” Republican state representative Brenda Landwehr, told the Associated Press. Last Thursday, Governor Kelly vetoed a raft of bills passed by the Republican-controlled legislature concerning the transgender community, including legislation requiring that people use locker rooms and public facilities that correspond to their sex. “Companies have made it clear that they are not interested in doing business with states that discriminate against workers and their families,” the governor said in an official statement following the announcement. “I’m focused on the economy. Anyone care to join me?” However, state Republicans have countered that the initiative is geared toward protecting children. “By any reasonable standard, governing from the middle of the road should include ensuring vulnerable children do not become victims of woke culture run amok,” Senate president Ty Masterson responded in an official statement following Kelly’s remarks. Some have criticized the legislation for being difficult to implement in practice. “The lack of clarity is by design because it allows them to disclaim the worst possible interpretation while also allowing for the worst possible outcome to happen,” Micah Kubic, an executive director with the American Civil Liberties Union (ACLU) chapter in Kansas told the AP. Transgender people have also protested the bill arguing that it endangers the entire LGBT community. “I am what they are scared of,” one thirteen-year-old transgender boy proclaimed at a rally outside the Kansas Statehouse. “I am a human being and I deserve to be treated as such, and I deserve to be happy.” Meanwhile, Independent Women’s Voice, a conservative feminist organization, released an official statement lauding the vote. “The Kansas Women’s Bill of Rights will prevent judges, unelected bureaucrats, and administrators in Kansas from unilaterally redefining the word ‘woman’ to mean anyone who ‘identifies as a woman,'” the group wrote on Thursday. “The Women’s Bill of Rights preserves the legislature’s authority to determine whether, and in what circumstances, rape crisis centers, domestic violence shelters, athletic teams, lockerooms, and dormitories should remain single-sex or be opened to biological males who identify as female.” Riley Gaines, a former NCAA swimmer and outspoken critic of transgender athletes competing in divisions based on gender self-identification, lent her support to the measure as well. “Today is a huge win for Kansas women! I applaud the Legislature for their leadership and commitment to protecting the sex-based rights of women. As a woman and a female athlete, I can attest first hand to the importance of women having private spaces when safety and fairness are at risk. Now that the Women’s Bill of Rights will be Kansas law, women have clarity that when they enter a space labeled for ‘women’, biological men will not be inside.” Kansas now joins at least eight other states which have enacted similar measures. More from National Review Legacy Media Struggle to Characterize Trans Shooter’s Sex Muslim Protesters Shut Down Michigan School-Board Meeting over LGBTQ Books Male Athlete Barred from Competing in Australian Women’s Basketball League

Wednesday, April 26, 2023

Biden-Harris 2024 It’s time, Charles. Joe Biden and I are officially running for reelection in 2024.

Biden-Harris 2024 It’s time, Charles. Joe Biden and I are officially running for reelection in 2024. I’m so excited to get back on the campaign trail to make our case to the American people and I know that President Biden is too. Over the past two years we have accomplished so much together. As we kick this campaign into high gear, we need your support. Grassroots supporters like you were the backbone of our campaign to take back the White House in 2020. Your support has helped power all of the incredible progress we’ve made in the last few years. Now, the president and I are asking for your support once more. Will you make a $25 contribution to our reelection campaign today? Early contributions -- no matter how large or small -- are so important to building the kind of strong, grassroots campaign that fueled our victory in 2020 and that we will count on again in 2024. If you've saved payment information with ActBlue Express, your donation will go through immediately: $25 >> $50 >> $100 >> $250 >> $500 >> Other >> Thanks to you and the 81 million Americans who voted for Joe Biden, we’ve helped create over 12 million jobs, lowered health care and prescription drug costs, and taken the largest action to fight climate change in the history of the United States. But there is so much more to do, Charles. Extremists are attempting to create division between us and are working to take away our fundamental rights. The right to have control over our own bodies and the right to cast a ballot in a free and fair election are all under threat. As vice president, I have the privilege and honor to travel across our nation to meet Americans from all walks of life working to make a difference. And no matter where I am, I meet so many folks who are optimistic about what is possible when we work together. People who agree that we have so much more in common than what separates us. As Americans, we believe in freedom, liberty, and justice. And we believe that our democracy is only as strong as our willingness to fight for it. So today, I am asking you to join the president and me in the fight for the soul of this nation. It’s going to take all of us to build on the progress we’ve made and keep moving our country forward. You can use this link to donate to join our 2024 campaign today >> Thank you for all that you do for our country. I can’t wait to see you out there on the trail. -Kamala If you would like to unsubscribe from emails like these, click here. Paid for by Biden for President.

— Attorneys for the Proud Boys placed blame for the Jan. 6 attack on the U.S. Capitol on Donald Trump in closing arguments in their seditious conspiracy trial Tuesday.

WASHINGTON — Attorneys for the Proud Boys placed blame for the Jan. 6 attack on the U.S. Capitol on Donald Trump in closing arguments in their seditious conspiracy trial Tuesday. An attorney for Enrique Tarrio, the head of the Proud Boys, said federal prosecutors were trying to make him a "scapegoat for Donald J. Trump and for those in power." A lawyer for Joe Biggs said the defendants came to Washington because their "commander-in-chief" told them it would "be wild," referring to Trump's infamous tweet on Dec. 19, 2020, that called on supporters to come to Washington on Jan. 6. “‘Be there, it’s going to be wild,’ the commander-in-chief said. And so they did,” Norm Pattis, an attorney for Biggs, told jurors, adding that “their commander-in-chief sold them a lie.” Tarrio, Biggs and fellow Proud Boys Ethan Nordean, Dominic Pezzola and Zach Rehl each face at least nine counts, including seditious conspiracy, a rarely used Civil War era law. The trial has been underway for more than three months, and jury selection began in December 2022. The government said in closing arguments Monday that the Proud Boys wanted to be "Donald Trump's army" and were "thirsting for violence and organizing for action” ahead of the Jan. 6 attack. In this Jan. 6, 2021 photo, Proud Boys members Joseph Biggs, left, and Ethan Nordean, right with megaphone, walk toward the U.S. Capitol in Washington, in support of then-President Donald Trump. (AP Photo/Carolyn Kaster) In this Jan. 6, 2021 photo, Proud Boys members Joseph Biggs, left, and Ethan Nordean, right with megaphone, walk toward the U.S. Capitol in Washington, in support of then-President Donald Trump. (AP Photo/Carolyn Kaster) More The defense lawyers wrapped their closing arguments early Tuesday afternoon, and the Justice Department presented its rebuttal argument as the day came to a close. Jurors will begin deliberating Wednesday. Two defendants testified during the trial: Rehl and Pezzola. Just before Rehl was set to be cross-examined, online sleuths surfaced videos that appeared to show him deploying a can of pepper spray on officers. Pezzola got heated on the stand, bringing up conspiracy theories about another Jan. 6 participant, Ray Epps, and ranting about the "fake" charges and the "phony" trial. Biggs' lawyer, Pattis, told jurors that "Jan. 6 was a perfect storm" and that Trump played a large role. If "the case of United States v. Donald J. Trump" is ever brought, Pattis said, the "fight like hell" quote would be "exhibit one." But Trump wasn't on trial, he said. Defense attorney Nayib Hassan, representing Tarrio, also pointed the finger at Trump, saying his anger caused what happened on Jan. 6 and reminding jurors that Trump said “fight like hell” or his supporters weren’t “going to have a country anymore.” Hassan even partly blamed the membership of the Proud Boys on Trump, saying Trump’s “stand back and stand by” callout to the group brought new attention to the Proud Boys and they grew so quickly that “vetting became difficult.” Proud Boys leader Henry Proud Boys leader Henry "Enrique" Tarrio seen at a rally in Portland, Ore., Sept. 26, 2020. (AP Photo/Allison Dinner) Hassan said Tarrio couldn’t have known what was going to happen at the Capitol from a “hotel in Baltimore,” where he was holed up on Jan. 6. (Unlike his co-defendants, Tarrio didn’t go to the Capitol on Jan. 6 after he was banned from Washington the day before.) Tarrio couldn’t have predicted the future, Hassan said, showing a photo of Nostradamus. He reminded jurors that Tarrio was in communication with a Washington Metropolitan Police officer in the months leading up to Jan. 6 and even told the police official where he would be staying in Washington. Why, Hassan asked, would Tarrio give an officer that information if he was going to commit sedition, one of the most serious crimes against the U.S.? “Enrique was an entertainer, a lover and a razzle-dazzler,” Hassan argued. Assistant U.S. Attorney Nadia Moore said in the government’s rebuttal that it was more than just talk. "Enrique Tarrio isn't being 'scapegoated' for Jan. 6. He's being held accountable for the crimes he committed," Moore said after having shown a video posted on Parler in which Tarrio stood in front of the Capitol wearing a mask. "Premonition," he titled the video.
People's World Carlson leaves Fox with millions ready to accept fascist lies April 25, 2023 11:03 AM CDT BY JOHN WOJCIK Share Email Carlson leaves Fox with millions ready to accept fascist lies Father Coughlin - Rush Limbaugh - Glen Beck - Bill O'Reilly. Tucker Carlson is the latest in a long line of right-wing media personalities whose job it has been to take fascist ideology mainstream in the U.S. Tucker Carlson is the latest in a string of right-wing ideologues who, historically, rose to great heights in U.S. media to carry out the job of making fascism acceptable to Americans. He is preceded in the distant past by Father Charles Coughlin, the fascist radio megastar of the 1930s who made Hitler palatable to Americans while he was planning to take over the world. Much later there was Rush Limbaugh, another right-wing radio megastar who dominated the talk airwaves through much of the 1990s. Later, as the internet came into existence, there was Glen Beck who, while a Fox host, elevated racism through his constant lies and attacks on President Barack Obama. After it was embarrassed by Beck’s conspiracy theories, Fox got rid of him and along came Bill O’Reilly, who lasted until his sexual attacks on women were exposed. After all of them came Tucker Carlson, unquestionably the worst of all. While each one of the fascist media megastars rose and then fell fairly quickly, there is one important thing common to all of them that has remained a constant: the job they all shared of pushing right-wing extremism and bringing it into the mainstream. Without a corporate media transmission belt like Fox, even a Republican Party now openly committed to fascism would be unable, by itself, to blast its agenda to the American people on a nightly basis. After all, what are the Republicans offering voters these days? They are presenting a rollback of child labor laws which, when it comes down to it, is not all that popular. In Missouri, Republicans endorse the shutting down of all libraries when most people, of course, like libraries. In many states, Republicans are taking away health care, another scheme that does not exactly endear them to voters. Republicans are working overtime to reverse Biden’s cancellation of student loan forgiveness, one more GOP policy item that doesn’t sit too well with most people in the country. And on another critical front, the GOP is busy undoing abortion rights. Never mind that reproductive choice is supported by 82% of the population. To top it all off, their leading presidential candidate, Donald Trump, is under indictment on 34 felony criminal counts. How does the Republican Party manage to rally people to its side even as it pushes such unpopular things? Historically, but especially these days, it operates a nationwide media outreach through which voters hear, night after night, propaganda and lies put forward by a plain-talking, sometimes folksy, television personality. Tucker Carlson, looking like a slightly older version of the down-home character Opie on the old Andy Griffith Show, points to the camera and tells millions of older white people watching him, “They are coming for you!” The “they” are diseased immigrants, Black Lives Matter protesters, and Jews who are allegedly bringing criminal immigrants into the country to replace what Carslon calls “legacy” Americans, meaning white Americans. He then tells viewers that aiding in this project, which he calls the Great Replacement Theory, are an army of liberal elites who are enabling all of these invaders and undesirables to “come for you.” It’s an idea ripped straight from neo-Nazi and white supremacist ideology. Of course, if such an “invasion” is really underway, then viewers must, as Carlson preached, arm themselves. Using the tactics of fear, Carlson was able to take the most extreme and criminal ideas festering on the fringes of the darkest corners of the internet and bring them into the mainstream. Taking fascistic and false ideas and turning them into everyday dinner table topics was the stock and trade of right-wingers even before the internet, of course, when they had only radio to use to manipulate the population. Making extremist conspiracy theories mainstream was Carlson’s special skill, and he did it better than anyone else in his long line of predecessors. We don’t yet know the full reasons as to why he was fired at this particular time. Is it related to the recent Dominion defamation settlement, which exposed the explicit and intentional lies that Carlson and other Fox hosts told about a 2020 election fraud? Maybe, but it’s also entirely possible that some additional scandal could soon surface. Abbey Grossberg, the fired Fox producer, has sued Carlson and the network. The sexist attacks by Carlson and his top lieutenants against his own staff may be part of it. Perhaps there were plots by Carlson to push out top-level bigwigs at Fox whom he may have wanted to replace with himself. Time will tell. What we do know for sure, however, is that the right wing, which has tried to control the media since the days of Father Coughlin and before, will continue its project of shaping the information received by the public. They take facts, like changing demographics, and instead of showing how immigration and change have always been key to American progress and prosperity, pose them as a threat. In their telling, things that have been part of U.S. history and enriched the nation are turned into an “invasion.” Watching him on the air, it was easy to confuse Carlson for a hypnotist. Night after night, he would stare into the camera, point his finger into the television in the country’s living rooms, and warn his white viewers that people of color were coming for them. As he sometimes said, once they come, “You will own nothing.” Once he convinced people to believe that lie, it was easy to sell them further falsehoods, like the claim that the Trump mob that assaulted the Capitol on Jan. 6, 2021, was basically a friendly crowd of peaceful protesters that simply ambled in to take tourist pictures. That lie makes even more criminal the decision by Republican leader Kevin McCarthy to turn over Capitol police tapes only to Carlson, who doctored them to fortify his lies about Jan. 6 to the public. Once you trust Carlson, then the Nazi torchlight parade in Charlottesville—complete with fascists chanting, “Jews will not replace us”—becomes not a threat but rather a simple example of free speech. Never mind that a young woman marching against fascism was murdered by those same Nazis. And once you believe in the “Great Replacement Theory,” it’s not a stretch to give consideration to the possibility that the Charlottesville Nazis were maybe some “good people,” as Trump claimed in a news conference at the time. It will be interesting to see what Fox drums up to replace Carlson during the 8 o’clock hour. The audience that the official national fascist network has built up for that primetime spot has been trained to believe almost anything the extreme right doles out to them. Carlson can be thanked for that. A betting person could safely wager that the network will try its best to feed that audience with the red meat it wants. Fox will continue the century-old fascist attempt to build an apparatus to control the media in our country. We must be alert to this and fight it at every turn. As with all op-eds published by People’s World, this article reflects the opinions of its author. We hope you appreciated this article. Before you go, please support great working-class and pro-people journalism by donating to People’s World. We are not neutral. Our mission is to be a voice for truth, democracy, the environment, and socialism. We believe in people before profits. So, we take sides. Yours! We are part of the pro-democracy media contesting the vast right-wing media propaganda ecosystem brainwashing tens of millions and putting democracy at risk. Our journalism is free of corporate influence and paywalls because we are totally reader supported. At People’s World, we believe news and information should be free and accessible to all. But we need your help. It takes money—a lot of it—to produce and cover unique stories you see in our pages. Only you, our readers and supporters, make this possible. If you enjoy reading People’s World and the stories we bring you, support our work by donating or becoming a monthly sustainer today. TAGS: media propaganda CONTRIBUTOR John Wojcik John Wojcik John Wojcik is Editor-in-Chief of People's World. He joined the staff as Labor Editor in May 2007 after working as a union meat cutter in northern New Jersey. There, he served as a shop steward and a member of a UFCW contract negotiating committee. In the 1970s and '80s, he was a political action reporter for the Daily World, this newspaper's predecessor, and was active in electoral politics in Brooklyn, New York. RELATED ARTICLES For Rupert Murdoch and Fox News, profit will always trump truth For Rupert Murdoch and Fox News, profit will always trump truth With democracy on the line, People’s World does the job corporate media won’t With democracy on the line, People’s World does the job corporate... People’s World reader: ‘I look for your stories every day’ People’s World reader: ‘I look for your stories every day’ Comments 0 comments MOST POPULAR TODAY The real reason for Montana’s TikTok ban? U.S. tech monopolies don’t want competition Carlson leaves Fox with millions ready to accept fascist lies After months of denial, U.S. admits to running Ukraine biolabs Free college was once the norm all over America Movement for union democracy comes to UFCW ABOUT PEOPLE’S WORLD CONTACT POLITICAL AFFAIRS ARCHIVE MUNDO POPULAR ARCHIVE DOWNLOAD PRINT EDITION Copyright 2023. Some Rights Reserved. People's World

Tuesday, April 25, 2023

Toni Braxton faced an almost fatal health scare several months ago. The “Un-Break My Heart” singer is sharing exclusively with the TODAY show how systemic lupus erythematosus (SLE) “attacked” her heart and she needed to have a coronary stent placed to prevent a heart attack. “It (was) put in at a really, really scary moment,” the 55-year-old tells TODAY, adding that the experience felt “surreal.” Braxton is a paid spokesperson with Aurinia Pharmaceuticals' Get Uncomfortable campaign, which encourages people living with lupus nephritis, a common complication of SLE, to complete routine testing to prevent kidney damage. Braxton tells TODAY that she had a doctor’s appointment she was considering skipping because she thought she was “fine.” Still, she went, and her doctor told her she needed a stent (a device used to hold open passages in the body) placed “immediately," she says. “A couple days after they did the procedure they told me that it was touch and go,” Braxton told TODAY's Hoda Kotb and Jenna Bush Hager. The Grammy winner was experiencing chest pains indicating something was off with her health, but she thought they were from grief over the death of her sister Traci, who passed away in March 2022, TODAY.com reported. “I just thought it was just sadness,” Braxton says. “It turned out to be much more serious, and I just dismissed the signs ... and a lot of people tend to do that.” Braxton says that if she hadn't gone to the doctor, she could've had widow-maker heart attack, a type of heart attack that occurs when someone has a complete blockage of the left anterior descending artery, the largest artery in the heart, according to the Cleveland Clinic. “I would have had a massive heart attack and would not have survived,” she says. According to the U.S Centers for Disease Control and Prevention, SLE, an autoimmune condition, is the most common type of lupus. When people have lupus, their immune systems attack their bodies, impacting everything from joints to the brain to lungs to kidneys to blood vessels. Nothing cures it, but medication and lifestyle changes can make the condition easier to manage, the CDC says. In the past, Braxton has been candid about having lupus and her family history with it. She revealed she had lupus in 2010 after being diagnosed with it in 2008, TODAY.com previously reported. In 2012, she shared on Twitter that she was hospitalized with blood clots because of the condition. In her recent conversation with TODAY, Braxton says she initially felt “ashamed” of her lupus diagnosis and didn’t want to share it publicly. But other people helped her realize she didn’t need to feel badly, and she began opening up about life with the condition. “It’s so empowering when people come up to me and say, ‘I have lupus, too, and you’ve helped me so much,’” she says. Though, she admits she struggles sometimes. Healthy eating and having support from friends and family help her manage. “You have good days and bad days,” she said on the show. “It gets challenging for me because I know I’ll never be able to do a show seven days again.” Braxton loves performing so not being able to sing at regular concerts feels bittersweet. “I can do one offs. I could do a show here and again, not long term,” she said. Braxton who says she’s “50-fine,” finds that the tough self-love she gave herself earlier in her career allows her to embrace this phase of her life. “I feel proud of myself,” she said. “I used to beat myself (up).” Now, Braxton is talking about her health scare to encourage others to seek medical care, especially if they have a chronic health condition. “You’ve got to get those screenings done,” she says. “It’s very important.” This article was originally published on TODAY.com
NEW YORK (AP) — Harry Belafonte, the civil rights and entertainment giant who began as a groundbreaking actor and singer and became an activist, humanitarian and conscience of the world, has died. He was 96. Belafonte died Tuesday of congestive heart failure at his New York home, his wife Pamela by his side, said Paula M. Witt, of public relations firm Sunshine Sachs Morgan & Lylis. With his glowing, handsome face and silky-husky voice, Belafonte was one of the first Black performers to gain a wide following on film and to sell a million records as a singer; many still know him for his signature hit “Banana Boat Song (Day-O),” and its call of “Day-O! Daaaaay-O.” But he forged a greater legacy once he scaled back his performing career in the 1960s and lived out his hero Paul Robeson’s decree that artists are “gatekeepers of truth.” He stands as the model and the epitome of the celebrity activist. Few kept up with Belafonte's time and commitment and none his stature as a meeting point among Hollywood, Washington and the civil rights movement. Belafonte not only participated in protest marches and benefit concerts, but helped organize and raise support for them. He worked closely with his friend and generational peer the Rev. Martin Luther King Jr., often intervening on his behalf with both politicians and fellow entertainers and helping him financially. He risked his life and livelihood and set high standards for younger Black celebrities, scolding Jay Z and Beyonce for failing to meet their “social responsibilities,” and mentoring Usher, Common, Danny Glover and many others. In Spike Lee’s 2018 film “BlacKkKlansman,” he was fittingly cast as an elder statesman schooling young activists about the country’s past. Belafonte’s friend, civil rights leader Andrew Young, would note that Belafonte was the rare person to grow more radical with age. He was ever engaged and unyielding, willing to take on Southern segregationists, Northern liberals, the billionaire Koch brothers and the country’s first Black president, Barack Obama, whom Belafonte would remember asking to cut him “some slack.” Belafonte responded, “What makes you think that’s not what I’ve been doing?” Belafonte had been a major artist since the 1950s. He won a Tony Award in 1954 for his starring role in John Murray Anderson’s “Almanac” and five years later became the first Black performer to win an Emmy for the TV special “Tonight with Harry Belafonte.” In 1954, he co-starred with Dorothy Dandridge in the Otto Preminger-directed musical “Carmen Jones,” a popular breakthrough for an all-Black cast. The 1957 movie “Island in the Sun” was banned in several Southern cities, where theater owners were threatened by the Ku Klux Klan because of the film’s interracial romance between Belafonte and Joan Fontaine.

European Central Bank President Christine Lagarde acknowledged “the tectonic plates of geopolitics are shifting faster” and “we may see the world becoming more multipolar”, with the decline of US dollar hegemony, war in Ukraine, and rise of China.

European Central Bank President Christine Lagarde acknowledged “the tectonic plates of geopolitics are shifting faster” and “we may see the world becoming more multipolar”, with the decline of US dollar hegemony, war in Ukraine, and rise of China. By Ben Norton The president of the European Central Bank, Christine Lagarde, gave a speech acknowledging that “the tectonic plates of geopolitics are shifting faster” and “we may see the world becoming more multipolar”, with the decline of US dollar hegemony, war in Ukraine, and rise of China. “We could see more multipolarity as geopolitical tensions continue to mount”, Lagarde added. Geopolitical Economy Report editor-in-chief Ben Norton analyzed Lagarde’s speech with Radhika Desai, professor in the Department of Political Studies at the University of Manitoba and director of the Geopolitical Economy Research Group: In the April 17 speech, titled “Central banks in a fragmenting world”, the European Central Bank (ECB) president cited the “growing rivalry between the United States and China”. Lagarde stated: So I decided to accept the idea, and I do that reluctantly, because I don’t think that it’s necessarily a pretty picture, but to accept the idea that we are moving towards a fragmented or a more fragmented world than we’ve had it, and that we are not necessarily in a completely bipolar situation, but that we might move in that direction. We are witnessing a fragmentation of the global economy in two competing blocs, with each bloc trying to pull as much of the rest of the world closer to its respective strategic interests and shared values. And this fragmentation, as I have mentioned, may well coalesce around two blocs led respectively by the United States of America and by China, the two largest economies in the world at the moment. In her presentation, Lagarde hinted that the European Union could potentially try to pursue an independent path, mentioning the “strategic autonomy agenda in Europe”. This was a clear reference to a concept that French President Emmanuel Macron has promoted. This April, Macron visited China and publicly criticized US dominance of Europe, arguing the leaders of the region cannot simply be “vassals” and “followers” of Washington. Lagarde is one of the most powerful people in Europe. She was France’s former finance minister, before later serving as director of the International Monetary Fund (IMF). The current ECB president gave this speech in New York for the Council on Foreign Relations (CFR), a powerful think tank with a close relationship with the US government, which essentially acts as the link between the State Department and Wall Street. The politically connected Rockefeller oligarchs cultivated the CFR in the early 20th century, funding its influential War and Peace Studies Project during World War Two and collaborating with Washington to help plan the First Cold War against the Soviet Union. Lagarde addressed the CFR just one day after the former Federal Reserve chair and current US secretary of the Treasury, Janet Yellen, admitted in an April 16 interview with CNN: There is a risk, when we use financial sanctions that are linked to the role of the dollar, that, over time, it could undermine the hegemony of the dollar. … Of course, it does create a desire on the part of China, of Russia, of Iran to find an alternative. Rising wages for Asian workers fuels inflation in Western economies Professor Radhika Desai noted that much of Lagarde’s speech was about inflation. “This point about inflation goes to the nub of the issue of multipolarity, which, ultimately, what is it but is diminution in the power of imperialism?” Desai said. In her speech at the CFR, Lagarde acknowledged that, following the end of the First Cold War, the world was “under the hegemonic leadership of the United States”. Lagarde said: In the time after the Cold War, the world benefited from a remarkably favourable geopolitical environment. Under the hegemonic leadership of the United States, rules-based international institutions flourished and global trade expanded. This led to a deepening of global value chains and, as China joined the world economy, a massive increase in the global labour supply. As a result, global supply became more elastic to changes in domestic demand, leading to a long period of relatively low and stable inflation. That in turn underpinned a policy framework in which independent central banks could focus on stabilising inflation by steering demand without having to pay too much attention to supply-side disruptions. In these comments, Lagarde was clearly indicating that the exploitation of low-paid Chinese workers by Western companies was a significant factor in reducing consumer price index inflation in the core of the imperialist world system. Lagarde’s remarks were reminiscent of a confession by EU foreign-policy chief Josep Borrell, who admitted in Brussels in October that “our prosperity was based on China and Russia”: So our prosperity was based on China and Russia – energy and market. You, US, takes care of our security. You, China and Russia, provide the basis of our prosperity. This is a world that is no longer there. Our prosperity has been based on cheap energy coming from Russia – Russian gas, cheap and supposed[ly] affordable, and secure and stable, which has been not the case. And the access to the big China market for exports and imports, for technological transfer, for investment, and for having cheap goods. I think that the Chinese workers with their low salaries has done much better, much more to contain inflation than all the central banks together. So our prosperity was based on China and Russia – energy, a market. Desai stressed that it is not true, as Lagarde claimed, that “the world benefited from a remarkably favourable geopolitical environment” under US “hegemonic leadership”. “No, the First World benefited”, Desai countered. How the hegemonic US dollar system hurt the Global South Desai noted that this system of US hegemony, which was never really stable, was based on two things: “US military power on the one hand, but also equally importantly, the US dollar system”. “And if we look a little bit more closely at it”, Desai said, “in practically every major respect, the dollar system has not been good for the Third World, not good for the vast majority of countries in the world, that are not Western, that do not have a place in the G7 where they can coordinate macroeconomic policy and make sure that US allies don’t get too badly burned by the US dollar system – although they have been badly burned by it as well, as we saw in 2008”. Desai explained: First of all, the dollar system systematically undervalues the currencies of the Third World. And when you undervalue a currency, what you are doing is you are undervaluing the resources and the labor of those countries. Precisely, this is the mechanism by which the West has managed to get access to the resources and the labor of these countries cheaply. And that also means that the rest of the world has to sell their resources for a song and to work doubly hard, triply hard in order to sell – they have to sell a massive volume of goods, export a massive volume of goods to Western countries, in order to earn Western hard currencies, including the dollar, because their money is systematically undervalued in relation to this. So that there has always been a big discrepancy between the volume of exports and the value of exports, which of course is artificially lowered by the bad exchange rate. Secondly, the dollar financial system has given the world nothing but a series of crises after crises, a great deal of volatility. An international medium of [exchange] ought to have a stable value, but the dollar’s value keeps fluctuating. Another problem, and a large part of the volatility, and the tendency to crisis, comes from the fact that, whereas a proper monetary system should be based on sort of a balanced environment, the dollar systematically has required imbalances. The chief among them, of course, being the vast US current account deficits, which the rest of the world has to finance. But also the imbalances that are created by the US dollar-centered financial system, which has been on the one hand creating vast amounts of unsustainable dollar debt, indebting households, indebting businesses, and indebting governments around the world. And, on the other hand, blowing up asset bubbles so that US financial institutions and high-net-worth individuals can make a killing with the inflation of asset values. But this, of course, only leads to the crash of these, or the bursting of these bubbles, and this has created more problems. Further, the Third World is told that the US has a very sophisticated financial system; it’s great, it’s going to provide you with the capital you sorely need for development. But of course, in reality, the US-focused financial system offers the opposite of that, because capital for productive investment – which indeed the Third World and the rest of the world really needs – needs to be stable, long-term capital that is able to invest for a long period in infrastructure projects and projects that have long gestation periods, but eventually are very important and good for the economy. But this is not the sort of capital that the US financial system offers. Instead, the US financial system offers short-term capital that only goes to inflate the value of existing assets, rather than investing productively in the creation of new goods and services. So the rest of the world is told, you know, ‘Lift your capital account restrictions, allow free capital flows and you will get the capital you want’. In fact, what the Third World gets is the opposite of that: the capital they don’t want – hot money that comes stampeding in when these investors, who are not particularly knowledgeable, think things are good, and hot money that stampedes out at the slightest sign of a problem, thanks to equally ignorant investors leaving behind financial crises, credit crises, currency crises, and, of course, economic crises. A couple of other points that one should also add to this: Number one, this system, particularly debt crises, from the Third World debt crisis onwards, has enforced a system of debtor responsibility, completely ignoring that any credit relationship has two relatively equal parts, and if things go sour, if things go wrong, if a debt cannot be paid, both debtor and creditor are co-responsible for the problem. Instead, all the weight of adjustment, the weight of repayment, etc. has been on the debtors. And, as you know, this is the chief mechanism by which so much money is being drained out of debtor countries, which are the vast majority of countries in the Third World, and goes into the coffers of the rich countries. And finally, one final point: Given that this system has been so awful, naturally, countries have wanted to leave it. And what has the US done historically to countries that have wanted to leave it? It has essentially waged war against them. Think of Saddam Hussein. Think of Moammar Qadhafi. What was crucial about these two leaders? It was the fact that one of their key projects in each case was a project to leave the dollar system and try to create an alternative to the dollar system. And this is why they were essentially deposed and killed, in gruesome ways, in the case of Qadhafi. And, of course, their countries have been left essentially prey to all sorts of military, political, financial, and economic instability. So this is not a [stable] system. And so, naturally, finally now, the rest of the world has alternatives. And the United States can’t even wage a war to force the Third World back to the dollar system.

Sunday, April 23, 2023

Detroit Michigan Democratic State Senator Stephanie Chang

Arizona GOP split ; help for Dem win in Arizona in 2024 .

GOP-controlled Arizona House votes to expel Republican representative By Kyung Lah and Anna-Maja Rappard, CNN Updated 11:33 PM EDT, Thu April 13, 2023 Rep. Liz Harris attends a joint house and senate election committee hearing at the state Capitol on February 23 in Phoenix. (CNN) State Rep. Liz Harris was expelled Wednesday from the Arizona House of Representatives for ethics violations resulting from inviting a conspiracy theorist to publicly testify before lawmakers earlier this year.

The resolution to expel the first-term Republican, elected in November, stated that she had brought "disrepute and embarrassment to the House of Representatives," resulting in "disorderly behavior." Forty-six Arizona representatives in the GOP-controlled House voted to remove her from her elected position, meeting a two-thirds threshold to expel lawmakers. Thirteen members opposed her expulsion.

CNN reached out to Harris at her legislative office and personal number. She has not responded to CNN's request for comment.

Arizona Rep. Lupe Diaz, a fellow Republican, voted to expel Harris, saying on the House floor, "We need to have integrity in the institution, and I do not take this vote lightly. I do vote yes."

Rep. Alex Kolodin, also a Republican, defended Harris ahead of the vote. "They [the public] will perceive that they don't have a true voice in this body because when they elect somebody to rock the boat, and she does it ... admittedly in the wrong way ... a way that should have been better considered, that that member will be expelled. So, in order to protect this body, to preserve public trust and confidence in us and more importantly in the legislature as a means for being the peoples voice, and bringing about real change, I do sadly but resolutely vote no."

When the resolution was passed, a voice off camera could be heard yelling, "Shame on you. Shame, shame, shame!"

The Arizona Legislature live stream then cut off.

In February, Harris had invited Jacqueline Breger to present findings of what Breger and Harris claimed were an investigation. Breger spewed a number of lies and attacks against public officials, including Democratic Gov. Katie Hobbs. One of those lies spread on social media and resulted in Hobbs responding with a joke before cameras saying, "No, I am not involved with the Sinaloa cartel. I'm not taking bribes from them and I'm not laundering their money."

Harris is a well-known conspiracy theorist and election denier in Arizona. She was a constant figure during the GOP-led review of Maricopa County's 2020 ballots. Election experts condemned the review calling it an attempt to overturn the state's election results.

Arizona House Democrats issued a statement supporting the expulsion, saying that "misinformation, lies and conspiracies are not harmless, and it's not just politics." They noted that the lies presented in Breger's televised testimony were picked up by partisan media and social media influencers.

"The integrity of our institution was damaged in that moment. That damage continues to accumulate, and for that there must be accountability," House Democrats said in their statement.

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Occupy Wall Street was a historically class struggle conscious protest at the Capitol of the Ruling class , Wallstreet , not like all previous protests at government buildings

https://youtu.be/KFOWci6yrSs

Occupy Wall Street protest was 7 months long in scores of places in the US and world



https://www.theguardian.com/world/video/2012/apr/13/occupy-seven-months-of-protest-video The wave of protests spreads worldwide, from Europe to the Americas to Asia. While the demonstrations are generally peaceful, violence erupts in Rome when rioters hijack the protest there. In New York, thousands of people march to the U.S. Armed Forces recruiting station in Times Square to protest spending on foreign wars.
Occupy Wall Street Did More Than You Think The movement itself has mostly disappeared. But 10 years later, its legacy is everywhere..(

By Michael Levitin Occupy Wall Street protesters stand in a row with their arms linked

Don Emmert / AFP / Getty SEPTEMBER 14, 2021 SHARE

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A decade before United Nations climate scientists issued a “code red for humanity,” the 20-year-old college junior Evan Weber joined several thousand protesters descending on Wall Street to declare a code red for democracy. At the height of the Great Recession, Weber and his generation saw the climate crisis staring them in the face, along with exploding wealth and income inequality, student debt, and housing and health-care costs. On September 17, 2011, they rebelled. Pointing a finger at banks, corporations, and the wealthiest 1 percent, whom they blamed for corrupting our democracy by buying elections to control the legislative process, the protesters camping in Zuccotti Park issued a clarion call for justice: “We are the 99 percent.” That fall, hundreds of thousands of people joined Occupy Wall Street and its partner occupations in more than 600 U.S. towns and cities. Overnight, the movement created a new narrative around economic inequality—and seized the public’s attention. Polls showed that a wide majority of Americans supported Occupy.

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THANKS FOR SIGNING UP! Then, almost as quickly as it had arrived, the movement appeared to vanish, leaving behind little except for the language of the 99 and the 1 percent. In the decade since, the wealth gap has only widened. The rules haven’t changed; our system remains rigged to benefit those at the top. And yet, on the tenth anniversary of Occupy Wall Street, it’s clear that the movement has had lasting, visible impacts on our political and cultural landscape—igniting an era of resistance that has redefined economic rights, progressive politics, and activism for a generation.

Reinventing Activism At its core, Occupy made protesting cool again—it brought the action back into activism—as it emboldened a generation to take to the streets and demand systemic reforms: racial justice, women’s equality, gun safety, the defense of democracy. As the Occupy veteran Nicole Carty told me, “We can’t unlearn the 99 percent. Now what you have is a whole generation that is growing up in movement times, which explains all the escalation you’re seeing and the work that’s happening among very young people who were still kids during Occupy.”

Rewriting the protest playbook, Occupy introduced a decentralized form of movement organizing that enabled hundreds of city chapters to reinforce and strengthen one another yet remain independent—a sharp break from the traditional, hierarchical structure of protest movements of the past. Pioneering the use of live-stream technology while employing powerful social-media messaging and meme tactics to grow participation both on- and offline, Occupy showed a new generation how to turn social movements into a viral spectacle that seizes control of the public narrative.

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Read: The triumph of Occupy Wall Street

More deeply, the movement on Wall Street injected activists with a new sense of courage: Confronting power and issuing demands through civil disobedience is now an ingrained part of our political culture. In the years since, a cascade of social movements influenced by Occupy have altered the national conversation, including Black Lives Matter, #MeToo, the Women’s March, Indivisible, and March for Our Lives. On a fundamental level, “we changed the way that people hear and see and understand and process a narrative of resistance,” the former Occupy activist Dana Balicki said.

And in a sense, the protesters have never gone home. Harry Waisbren, who helped lead the movement’s online efforts at Zuccotti Park, told me, “The individuals and the networks would go on and start new projects, and you’d keep seeing them over and over at the cutting edge: The same people who were in Occupy Wall Street were in Black Lives Matter, the People’s Climate March, the Sunrise Movement. Some of the top activists of this generation got their start at Occupy.”

Occupy Wall Street protesters in Guy Fawkes masks. Protesters in Zuccotti Park, New York (Brian Shumway / Redux) From Occupy to the Green New Deal The Sunrise Movement, the youth-led climate organization that Weber co-founded in 2017, is today among the loudest voices—in the streets and at the ballot box—demanding transformative, Green New Deal–style policies in Congress’s $3.5 trillion budget bill. The impassioned Gen Z climate generation didn’t come out of nowhere. It emerged as a direct successor to Occupy, whose activists helped redirect the fight against inequality into a focused, strategic movement to save the planet.

The six-year battle that defeated the Keystone XL pipeline and the 10-month defense of the Standing Rock Sioux tribe in its challenge against the now-illegal Dakota Access Pipeline are two other examples of Occupy galvanizing the U.S. environmental movement as activists recommitted themselves to halting oil, gas, and coal infrastructure projects nationwide. From the fossil-fuel-divestment campaign to the 2014 People’s Climate March, which preceded the Paris Accord, and from Extinction Rebellion’s militant direct actions to the global climate strikes that brought millions of young people into the streets in 2019, Occupy’s groundbreaking message and tactics set the modern climate movement on its course.

Some of the most skilled Zuccotti Park organizers also later founded the organization Momentum to train activists such as Weber to develop tangible policy goals and create a road map for enacting long-term, structural change. As a result, Sunrise helped marshal the youth vote in the 2018 midterms to elect a slate of House progressives including Alexandria Ocasio-Cortez, who would elevate the group’s climate-jobs plan—which came to be known as the Green New Deal—to the top of the Democratic Party platform.

The Wage Rebellion In dollars-and-cents terms, Occupy changed the way Americans understood their role in the economy, inaugurating a decade of labor unrest as employees became activists and workers rediscovered their power. In the fall of 2012, a year after protesters were evicted from Zuccotti Park, Occupy organizers working in coalition with unions and nonprofits took the message of economic justice to those most ready to hear it: low-wage earners seeking a $15 minimum wage. When the first several hundred fast-food workers in New York City walked off their jobs demanding higher pay, better working conditions, and the right to form a union, that marked a breakthrough for organized labor, opening a new workers’ front known as the Fight for $15.

Annie Lowrey: The counterintuitive workings of the minimum wage

In response, voters and legislators raised the base pay in more than half of U.S. states; dozens of cities, including Seattle, Los Angeles, New York, and Washington, D.C., established a $15 minimum. Democrats nearly managed to include a $15 federal minimum wage in the $1.9 trillion American Rescue Plan, which President Joe Biden signed into law in March, revealing how much the economic demands spurred by Occupy have reshaped the national discussion.

The fight against income inequality transformed the labor movement in other ways, as Occupy activists in 2012 began helping organize nationwide Black Friday strikes at Walmart, which eventually led to higher pay for half a million employees at the world’s largest retailer. The uprising spread across the low-wage sector—encompassing striking janitors, airport staff, nurses, domestic workers, hotel workers, hospital employees, construction workers, supermarket clerks, and others—shifting the balance of power between employers and employees. The decade-long wave of worker protests achieved its greatest visibility and impact in 2018, when public-school teachers launched strikes to demand raises—which they won—across a dozen states, including West Virginia, Oklahoma, Kentucky, Arizona, and the Carolinas, in what became known as the Red State Revolt.

The steady uptick in labor activism seems to be moving the needle. In March, the House passed the most pro-union bill in decades—the Protecting the Right to Organize Act—to strengthen labor protections, expand collective-bargaining rights, penalize employers who violate labor laws, and weaken right-to-work laws. Forty years after Ronald Reagan crushed the air-traffic controllers’ strike, dealing a generational blow to America’s unions, the nation appears to be entering a new, more robust era of worker demands—accelerated by conditions in the coronavirus economy, and again, reflecting the distance the country has traveled since Occupy issued its seminal wake-up call to the 99 percent.

Occupy Wall Street protesters/ Occupy Wall Street protesters in November 2011 (Marcus Yam / The New York Times / Redux) Remaking the Democratic Party But perhaps Occupy Wall Street’s most seismic and discernible impact has been on politics itself—shifting the window of what is deemed politically acceptable discourse and pulling the nation to the left. Prior to Occupy, no mainstream legislator in Washington dared to criticize capitalism’s thorough corruption of our politics: the obscene wealth gap, the laws designed by corporations, the billionaires evading taxes, and the revolving door that keeps the 1 percent in charge. That all changed with Occupy, which declared that economic injustice and inequality were deliberate outcomes of policies shaped by Wall Street’s greed. By framing the populist economic message that thrust anti-corporate lawmakers such as Elizabeth Warren, Bernie Sanders, and Ocasio-Cortez into the electoral spotlight, Occupy Wall Street arguably did more in six months to move American politics to the left than the Democratic Party was able to do in six decades. Which raises the question: Could Sanders and his political revolution have been possible before Occupy shattered decades of silence about income inequality? Not likely.

As Representative Ro Khanna from California’s Seventeenth District, which includes Silicon Valley, told me, “Sanders’s and Warren’s life’s work was happening well before the Occupy movement, but I’m not sure the country would have been ready to listen to their voices—and I don’t think they would have emerged as national figures—if it weren’t for Occupy putting the issues of wealth and income inequality front and center.” Some imagined that the movement would transform into a political force: a Tea Party of the left. Although the transition never happened, Occupy achieved something perhaps even greater. According to Khanna, it “created the conditions for the emergence of a progressive wing of the Democratic Party, and in the long run, the progressive wing is ascendant and is likely to succeed.”

The movement was particularly instrumental in the rise of Sanders, whom many would later call “the Occupy candidate.” When Sanders first got on the national map in 2015’s primary season, it was thanks in large part to a group of Occupy activists who had repurposed their digital-organizing and social-media talents into a viral movement called People for Bernie. Operating independently of the Sanders campaign, the group created a horizontal model for voter engagement by inviting volunteers across all regions and demographics to help the Sanders phenomenon spread in the distributed, decentralized format of a social movement.

“We understood how to mobilize the internet,” Charles Lenchner, a co-founder of People for Bernie, said. “We trusted the people and told them to do what they thought was right. We gave away the keys.” The tactic drew millions of supporters as it empowered people to become stakeholders propelling the movement. The group fueled Sanders’s meteoric ascent, particularly among Millennials, as the campaign introduced small-dollar fundraising as a winning strategy and activated a new generation’s engagement in the democratic process.

By reinventing digital electoral politics, Occupy veterans helped put a once-fringe Democratic socialist into the leadership of the Democratic Party, where he was able to move progressive priorities—Medicare for All, the Green New Deal, debt-free college, a $15 wage, higher taxes on the wealthy—from the periphery into the mainstream. Sanders would provide the springboard for Ocasio-Cortez and a generation of anti-corporate lawmakers to begin to remake one of America’s two major parties, as social movements shaped electoral outcomes. In the words of Maurice Mitchell, the national director of the Working Families Party, “Occupy shifted the political culture of the U.S.,” birthing an era in which “liberals have been radicalized, and radicals have been electoralized.”

Photos: Occupy Wall Street spreads worldwide

When I interviewed Evan Weber for my book about Occupy and its legacy, he agreed that the movement played an essential role in igniting a new progressive era—one that might finally be on the verge of achieving transformational social, economic, and electoral reforms. “AOC wouldn’t have run if Bernie’s campaign wasn’t as successful as it was, and Bernie’s campaign wouldn’t have resonated and been successful if not for Occupy,” he said. “Occupy helped create a mood and understanding in the country of the populist moment that we’re in, where so few have so much at the expense of the rest of us.”

Occupy was like a great wave hitting shore—and a warning of even bigger waves to come. Among the slogans and chants that resonated at Zuccotti Park, one in particular has echoed through the decade: “This is what democracy looks like.” For a generation whose time to solve the climate crisis is running out, government must now deliver. The alternative, Weber warned, may drive “an army of young people to begin flexing its muscles” on a scale not seen since the 1930s, through disruptive resistance featuring “mass sustained shutdowns, occupations, and general strikes.” As the turbulence of the past decade has shown, systemic crises must be confronted. Occupy provided a blueprint for how popular dissent and demands can change America. Now a new 99 percent must write the next chapter.

This article was adapted from Michael Levitin’s book Generation Occupy: Reawakening American Democracy. This is your last free article.

The Decay of Finance Capitalism, State-Monopoly Capitalism, Super-Imperialism

Republicans made themselves look racist BECAUSE THEY ARE RACIST

Michigan Dems prove voting matters

Saturday, April 22, 2023

Tennessee GOP’s Many Connections to White Supremacy

https://tntribune.com/tennessee-gops-many-connections-to-white-supremacy/
Skip to content The Tennessee Tribune The Tennessee Tribune Menu POSTED INPOLITICS Tennessee GOP’s Many Connections to White Supremacy by Article submitted April 19, 2023 Nashville, Tenn.–Rep. Jason Zachary expressed outrage at Tennessee Republicans being called racists, but the Nashville Scene is exposing the Tennessee GOP’s many connections to White Supremacy. Reporter Betsy Phillips has receipts in an article published this week that exposes GOP connections to groups such as Sons of Confederate Veterans and American Renaissance. Click to read the full article in the Nashville Scene. TAGGED: GOP, Racism, racism in Tennessee Search for: Search Post Types Post (16,280) Page (21) Categories National/International News (4,086) Featured (2,086) Nashville (1,506) Uncategorized (983) Local (946) Tags Nashville (168) Tennessee (122) COVID-19 (62) Donald Trump (48) Middle Tennessee (33) Year 2023 (597) 2022 (2,793) 2021 (6,464) 2020 (2,428) 2019 (1,192) First Farmers - April Your 615 Home Agent JP Morgan - 300x250 Search for: Search Categories National/International News (4,086) Featured (2,086) Nashville (1,506) Uncategorized (983) Local (946) Tags Nashville (168) Tennessee (122) COVID-19 (62) Donald Trump (48) Middle Tennessee (33) Year 2023 (597) 2022 (2,793) 2021 (6,464) 2020 (2,428) 2019 (1,192) facebook twitter youtube Home About Us Digital Subscription Advertisement Contact Us © 2023 Insightful coverage of Nashville and Middle, TN news. Proudly powered by Newspack by Automattic ×


https://youtu.be/ivinqYpBnsE
How Brazil's Lula added a spring to Xi Jinping's step Reducing the dollar's dominance in global commerce has been a top goal for China by William Pesek https://asiatimes.com (April 17 2023) https://i0.wp.com/asiatimes.com/wp-content/uploads/2023/04/Lula-Xi-April-2023.jpg?w=1250&ssl=1 Visiting Brazilian President Lula da Silva and Chinese President Xi Jinping (left), at an official reception in April 2023. Photo: Wikipedia / Ricardo Stuckert For Xi Jinping, last week was easily among the best the Chinese leader has had in a long while. First, French President Emmanuel Macron {1} dropped by to talk up the merits of Europe forging a diplomatic path independent of the US. For good measure, Macron gave Beijing the impression Paris isn't keen on coming to Taiwan's defense should conflict break out. Then it was Brazilian President Luiz Inacio Lula da Silva's turn to make global headlines at Washington's expense. Lula visited Huawei Technologies, a target of US sanctions. He also entertained Xi's ceasefire in Ukraine, one Washington has roundly dismissed. Yet the real tailwind Lula brought to town relates to Xi's long-held desire to reduce the role of the US dollar. While visiting Shanghai, Lula urged fellow BRICS economies {2} - Brazil, Russia, India, China, and South Africa - to accelerate efforts to supplant the dollar in global trade and finance. He said the BRICS-created New Development Bank should take the lead in wrestling financial power away from Washington. "Why can't an institution like the BRICS Bank have a currency to finance trade relations between Brazil and China, between Brazil and all the other BRICS countries?" Lula asked. "Who decided that the dollar was the [trade] currency after the end of gold parity?" It was music to Xi's ears. Reducing the dollar's dominance in global commerce has been a top goal since 2012 when Xi first rose to power. Since then, China has made steady inroads toward increasing the yuan's use in transactions, payments, and bond issuances - including Russian and Saudi Arabian oil sales. Last month, Beijing and Brasilia tightened cooperation in settling foreign trade in yuan or Brazilian reais. In doing so, the biggest economies in Asia and Latin America will greatly reduce costs by eliminating a third currency. In Shanghai, Lula's Finance Minister Fernando Haddad highlighted the increased use of local currencies in bilateral trade instruments like credit receipts. The emphasis now, Haddad said, is to phase out the use of a third currency via new trade mechanisms and mediums. "The advantage is to avoid the straitjacket imposed by necessarily having trade operations settled in a currency of a country not involved in the transaction", he told reporters. Lula's boost to Xi's "Global South" {3} ambitions shouldn't be played down. In his third term, Xi is putting greater emphasis on morphing the Global South or developing countries in the regions from Latin America to Africa to Asia to Oceania, into a bigger economic and diplomatic force. For Xi, rising tensions with the West - the Global North - means "trade diversification is a critical component of this effort", says analyst Lily McElwee at the Center for Strategic and International Studies (CSIS). The visit by Brazil's leader paid other dividends. Lula signed on to wording favored by both Moscow and Beijing that, on Ukraine, negotiation is "the only viable way out of the crisis", while steering clear of the words "invasion" or "war". Pushback on Washington But the real deliverable way is having the leader of Latin America's superpower thumb his nose at US President Joe Biden's economy - and at a pivotal moment as Washington turns the screws {4} on Beijing on trade and access to vital technology. The Brazilian president met with Biden in February. As such, "Lula's interest in closer relations with China is not an indicator of diminished interest in relations with the US and Western allies, but it introduces greater complexities", says analyst Anna Ashton at Eurasia Group. Here, though, Lula's support for a dollar alternative could be a particularly powerful booster for Xi. Even former Goldman Sachs economist Jim O'Neill, who coined the initial BRIC acronym in 2001, thinks the dollar's influence grew too big for Washington's britches. "The US dollar plays a far too dominant role in global finance", O'Neill says. "Whenever the Federal Reserve Board has embarked on periods of monetary tightening, or the opposite, loosening, the consequences on the value of the dollar and the knock-on effects have been dramatic". Eight years after O'Neill's BRIC concept caught the developing world's attention, Brazil, Russia, India, and China {5} moved to institutionalize the grouping. In 2009, BRIC infrastructure was established, including holding annual summit meetings. In 2010, the bloc added South Africa to become the BRICS. Today, O'Neill argues that BRICS broadening its base to include other "emerging nations with persistent surpluses", could create "a globally fairer, multi-currency global system" to equalize economic power dynamics. Hence, the power - and the timing - of Lula's buy-in. During his earlier stint as Brazilian leader, Lula was at that maiden BRIC summit in Yekaterinburg, Russia. That was back when Xi's predecessor Hu Jintao was leading the Communist Party of China (CPC) {6}. The 2009 summit took place amid the financial fallout from Wall Street's implosion nine months earlier. In Yekaterinburg, the BRIC nations mulled how officials in Beijing, Brasilia, Moscow, and New Delhi could better cooperate on economic and shared priorities in global affairs. There, leaders agreed on the need for a new global reserve currency offering "diverse, stable and predictable" qualities that the dollar was exhibiting less and less. That statement briefly sent the dollar downward versus major currencies. At the time, then-Russian president Dmitry Medvedev said, "the BRIC summit [process] must create the conditions for a fairer world order". In Yekaterinburg 14 years ago, Medvedev said the "existing set of reserve currencies, including the US dollar, have failed to perform their functions. We will not do without additional reserve currencies." He spoke of a new supranational reserve currency at a moment when the International Monetary Fund's "special drawing rights" (SDR) {7} program was gaining a bigger role in financial circles. In the weeks before Yekaterinburg, Moscow called for an expansion of the SDR universe, one China would join in 2016. Back in 2009, Roberto Mangabeira Unger, then Brazil's minister for strategic affairs, said, "everyone is concerned about the delicacy of this issue. No one wants to say things or do things that would increase volatility in the circumstance of the crisis." Shifting power centers Much has changed since then. Lula has wrested power back from Jair Bolsonaro's chaotic and isolationist era of government. Vladimir Putin is officially back in control of the Russian state and more anti-Western than ever. Hindu nationalist Narendra Modi's reign in India has New Delhi cozying up to Moscow for cheap oil. And Xi, after a decade in power, is now putting expanding China's international role at the top of his priorities list. McElwee of CSIS notes that "in this push, enhanced trade with Russia is useful", as Putin "increasingly relies on China for advanced technology it now has very limited capacity to officially purchase from Western nations, such as semiconductors and telecommunications equipment even while remaining only one part of a longer-term Chinese export diversification push that also includes many countries in the Global South" {8}. Likewise, McElwee explains, "as China's international environment sours, Beijing increasingly seeks to enhance self-reliance in core technologies. Just weeks ago in Beijing, for example, policymakers signaled the centrality of this priority by launching a new CPC commission designed to enhance China's research and innovation capabilities." This "goal may be getting a boost for Moscow's pariah status", McElwee says. "While greater access to Russia's top scientific faculties and research and development facilities has long been a goal, recent joint ventures suggest Beijing is leveraging its close partnership with Moscow to improve the quality of China's science and technology education ecosystem". As Xi is increasing the independence of Chinese supply chains from Biden's sanctions, Lula's return to Brazilian power {9} is adding momentum to Beijing's bigger-picture replace-the-dollar ambitions. Greater cooperation proved difficult during Bolsonaro's 2019~2022 presidency, during which right-wing politicians accused Chinese companies of "buying" Brazil. Now Lula, who returned to office in January, is working on at least 20 bilateral projects with Beijing in areas from agriculture to the environment to education to technology and myriad business deals. Among the business narratives Lula was playing up last week is Chinese manufacturer BYD's plans to take over a former Ford factory in northeastern Brazil. In October, BYD signed a letter of intent with the Bahia state government to invest more than US$600 million in electric-vehicle production, generating roughly 1,200 jobs. Devising the logistics and mechanics of a BRICS currency is infinitely easier said than done. Is China, which is reluctant even to allow the yuan to be fully convertible, ready to join a giant currency bloc? Of course, the short-term outlook for the dollar is imperiled by recession fears that have only been exacerbated by the collapse of Silicon Valley Bank and peers. "We expect the US dollar to weaken as the US growth and interest-rate premium relative to the rest of the world erodes in the coming months", notes Solita Marcelli, chief investment officer for Americas at UBS Global Wealth Management. The dollar has much bigger problems, though. They include the US Federal Reserve {10} unnerving world markets with aggressive interest-rate increases, Washington's debt careering toward $32 trillion, and worries the Biden White House is overplaying its hand on sanctions versus China and Russia. And now, Brazil's Lula is helping Xi's quest to grow the influence of the Global South and remind traders that time isn't on the dollar's side. A great week indeed for Xi's broader ambitions. Links: {1} https://asiatimes.com/2023/04/macron-has-no-interest-in-decoupling-from-china/ {2} https://asiatimes.com/2023/04/the-emerging-new-world-economy/ {3} https://asiatimes.com/2023/04/the-return-of-minilateralism-going-big-by-getting-small/ {4} https://asiatimes.com/2023/04/xi-topping-biden-in-new-cold-wars-economic-game/ {5} https://asiatimes.com/2023/04/brics-gains-new-chance-to-improve-global-development/ {6} https://asiatimes.com/2023/04/east-asia-resisting-us-decoupling-from-china/ {7} https://asiatimes.com/2022/11/passing-the-torch-of-financial-power/ {8} https://asiatimes.com/2023/04/squeezed-between-west-and-russia-india-holds-fast-on-neutrality/ {9} https://asiatimes.com/2023/04/will-lula-find-his-el-dorado-in-china/ https://asiatimes.com/2023/04/how-brazils-lula-added-a-spring-to-xi-jinpings-step/ https://billtotten.wpcomstaging.com/ https://www.ashisuto.co.jp/ --- To unsubscribe: List help: