Forbes: Tesla Green Car Production Circus Distracting From Solar City Woes
By Eric Worrall | Watts Up With That? | June 22, 2018
As Elon Musk ramps up the hype over whether Tesla will hit its Model 3 production targets, another financial disaster may be unfolding at Tesla’s subsidiary Solar City.
Tesla’s Constant Turmoil Can’t Hide The Fact That SolarCity Is Dying
Jim Collins
JUN 22, 2018 @ 03:07 PMI am convinced that the financial media will never end its fascination with Tesla and this week has been even more rife with intrigue than most. While the actions of self-proclaimed whistleblower Martin Tripp—including his extraordinary email exchange with CEO Elon Musk—have garnered most of the headlines, there are more relevant news items for investors. Thursday’s Reuters article has the details of Tesla’s abrupt shutdown of a major part of its SolarCity sales network, and the ending of the company’s partnership with Home Depot had been announced last week in the press release detailing Tesla’s workforce reductions.
As Tesla’s struggles to perform the most basic assembly tasks at its Fremont car plant grab the headlines, the SolarCity news is signaling to the market a reality of which I have been convinced for some time: SolarCity is worthless. So, now the focus has to shift to that transaction, in which the former Tesla Motors paid 11 million shares of its stock to a company that was also chaired by its chairman and CEO and run on a day-to-day basis by his cousin (SolarCity’s former CEO Lyndon Rive.) The conflicts of interest were so obvious then, and even though most of Tesla’s Board members recused themselves from the SolarCity acquisition process, the simple fact is that Tesla picked up a lemon when they drove SolarCity off the lot.
…
How would the market perceive such a write-off given that Tesla is contractually obligated to spend $5 billion in capital in the ten years following the completion of the currently-in-construction (also being built by Panasonic) Gigafactory 2 in Buffalo? I am terrible at predicting Tesla’s share price movements over the short-term, but over the long-term, SolarCity will be a huge drain on the value of a car company that has been massively overvalued for years.
Full article: https://www.forbes.com/sites/jimcollins/2018/06/22/teslas-constant-turmoil-cant-hide-the-fact-that-solarcity-is-dying/
How different things would have been had Hillary Clinton won. Hillary Clinton pledged to install five hundred million solar panels during her presidency. Solar City would likely have been front of the queue to supply those solar panels, and Elon Musk would likely have pocketed billions of dollars of taxpayers cash helping Clinton fulfil her solar pledge.
Perhaps a Clinton victory is what Elon Musk had in mind when he bought out Solar City, and signed binding deals to build those extravagant Gigafactories.
UN Climate Demand Opens the way for More Abuse of Poor Farmers
By Eric Worrall | Watts Up With That? | June 22, 2018
If there is one climate program which should have died in a welter of shame, that programme is third world conservation programmes, programmes which have reportedly already caused mayhem in places where government backed forces have committed atrocities to drive farmers and tribes out of nature reserves.
Forests provide a critical short-term solution to climate change
22 JUN 2018
To prevent the worst consequences of climate change, we need to act now.
There is a “catastrophic climate gap” between the commitments that countries have made under the Paris Climate Agreement and the emissions reductions required to avoid the worst consequences of global warming, according to UN Environment’s Emissions Gap Report 2017.
The Paris Agreement aims to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2˚ Celsius, and to pursue efforts to limit the temperature increase even further to 1.5˚ Celsius.
Current pledges from governments represent only about half of what would be required to avoid a 2˚C temperature rise, and just one third of what’s required to limit warming to 1.5˚C.
While this “emissions gap” is significant, UN Environment suggests it can still be closed in a cost-effective manner.
One of the major contributors to closing the gap is forests.
The good news here is that 6.3 gigatons (billion tons) of carbon dioxide emission reductions have already been reported over the past six years from forests in Brazil, Ecuador, Malaysia and Colombia alone under the UN Framework Convention on Climate Change (UNFCCC), according to the UNFCCC Lima Hub. This is equivalent to more than the annual emissions of the United States.
“This is a significant step forward, showing that forests can be a central part of the solution to climate change,” says the head of the UN-REDD Programme Secretariat, Mario Boccucci. “We have an unprecedented opportunity: political will, know-how, finance. Now we need to build on progress and scale up rapidly in the coming years.”
…
Protecting forests, including mangroves, makes climate action cheaper and faster. We need to build the political case for this across all countries.
“The Emissions Gap Report once again underscores the urgency of redoubling our efforts to reduce emissions,” says UN Environment climate change expert Niklas Hagelberg.
“It shows that solutions exist, and if they are adopted quickly we can turn our current situation around. But with each year we wait, we make our ability to limit dangerous climate change more difficult, risky and costly.”
Full article: https://www.unenvironment.org/news-and-stories/story/forests-provide-critical-short-term-solution-climate-change
Even the Guardian has noted the connection between offering large cash grants to tyrants in return for declaring regions off limits to humans, and vicious attacks against people living in the affected regions;
The tribes paying the brutal price of conservation
John Vidal
Sun 28 Aug 2016 17.00 AESTAcross the world, governments are protecting habitats. But indigenous peoples are being evicted
The Botswana police helicopter spotted Tshodanyestso Sesana and his friends in the afternoon. The nine young Bushmen, or San, had been hunting antelope to feed their families, when the chopper flew towards them.
There was a burst of gunfire from the air and the young men dropped their meat and skins and fled. Largely through luck, no one was hit, but within minutes armed troops arrived in a jeep and the nine were arrested, stripped naked, beaten and then detained for several days for poaching in a nature reserve.
Welcome to 21st-century life in the vast Central Kalahari game park, an ancient hunting ground for the San, but now off-limits to the people who forged their history there. The brutal incident took place last week, just days after Botswana’s wildlife minister Tshekedi Khama, the brother of President Ian Khama, announced a shoot-on-sight policy on poachers.
Khama claims the policy, which is supported by conservation groups, will deter poaching and the illegal wildlife trade, which is widely seen by Europe and the US as disastrous for biodiversity. But there are no rare or endangered species such as elephants or rhinos in the areas where the bushmen hunt. Sending a helicopter gunship and armed guards to arraign the hunters looks rather like an escalation of the low-grade war that Botswana has waged for years on one of the most vulnerable indigenous groups in the world.
…
Full article: https://www.theguardian.com/global-development/2016/aug/28/exiles-human-cost-of-conservation-indigenous-peoples-eco-tourism
The damage is not limited to shooting down tribespeople from helicopter gunships. In Ivory Coast, poor farmers who are trying to produce cocoa are being pressured to pay large bribes to be allowed to work their farms in “conservation areas”.
… The government of Ivory Coast took action recently against cocoa-driven deforestation by expelling cocoa farmers from Mount Péko National Park (which means “mountain of hyenas” in the local Gueré language). According to a report by Human Rights Watch and the Ivorian Coalition of Human Rights (RAIDH), the evictions were poorly planned and carried out in violation of human rights standards. When we visited Mount Péko after the eviction, we found the park once again filled with cocoa smallholders who had returned. Some smallholders explained to us that when they finally returned to Mount Péko, they simply paid the authorities higher bribes to go back to cultivating their lands in the park. …
Read more: http://www.mightyearth.org/wp-content/uploads/2017/09/chocolates_dark_secret_english_web.pdf
Lets see – large numbers of skilled but very poor farmers in Africa trying to make an honest living being backed into a corner, forced to pay large bribes, their families brutalised by armed thugs. Its pretty obvious what will happen next, and when it does, Western green policies will bear the ultimate blame.
Can Universities Lawfully Bully Academics into Silence?
By Jennifer Marohasy | June 19, 2018
Dr Peter Ridd has taken James Cook University to court protesting his sacking for what he says is, primarily, speaking-out about the lack of quality assurance in Great Barrier Reef science.
Dr Ridd spoke out initially about there being no quality assurance of Great Barrier Reef science – science that is arguably misused to secure billions of dollars of tax-payer funding. When the University tried to stop Dr Ridd doing this, Dr Ridd spoke out against University management – making all the documentation public including on his new website.
I would really like the court case to be about academic freedom and the science – to lay bare the evidence. But when I went to the first day of the hearing of an application in the Federal Circuit Court last Monday (11th June – the hearing continued on 12 June 2018) for an order for reinstatement of Dr Ridd’s employment pending determination at trial, it quickly became evident that there would be no testing of the actual scientific evidence relied upon by Dr Ridd to claim that scientific institutions like AIMS and ARC Centre “can no longer be trusted” and “spin their story”.
Yesterday (19th June), Judge Jarrett gave his reasons for making orders declining to reinstate Dr Ridd but allowing him to amend his primary application to include a claim for the university taking “adverse action” against him for exercising a workplace right (i.e. his intellectual/academic freedom pursuant to the enterprise agreement). On hearing the reasons I was concerned to discover that it may all come down to poorly worded clauses in an enterprise agreement. In particular, was Dr Ridd allowed to exercise his academic freedoms free of the constraint of the university’s ‘aspirational’ (according to His Honour) code of conduct, and was he permitted to say anything publicly about what many ordinary Australians would consider a straight-forward case of the university bullying him into silence?
On the first day of the preliminary hearing Barrister Ben Kidston for the applicant (Dr Ridd) argued eloquently about how the case was about ‘academic freedom’. He went-on for over an hour moving from the big picture to the detail with respect to specific clauses in a code of conduct and the enterprise agreement, and back again. All the while His Honour and the audience listened intently – no one interrupted. Again yesterday, His Honour cited the poorly worded specific clause which the university has been relying on to silence Dr Ridd, and observed that it was open to two interpretations.
His Honour didn’t mention the Union. The National Tertiary Education Union has an interest in the enterprise agreement and like Dr Ridd, they say that the relevant clause in the agreement shouldn’t be used to silence the employee but rather, amongst other things, that the obligation of confidentiality only applies to the University’s management of the disciplinary process. Any other interpretation means that university academics would be obliged to suffer any disciplinary action by the University (legitimate or otherwise) in silence – they would never be able to publicly defend themselves in the court of public opinion, court proceedings being the only practical option. One wonders if the Union realises the implications to its members.
Yesterday, when His Honour gave his reasons for declining the application by Dr Ridd for an injunction – for his temporary reinstatement as a Professor at James Cook University pending the trial – he didn’t deal with many of the arguments advanced for Dr Ridd e.g. the effect of the clause of the enterprise agreement which states that the code of conduct is not to “detract” from the intellectual freedoms, the interaction of the express right to disagree with the University‘s decisions and processes pursuant to his intellectual freedom and the purported obligation to keep disciplinary proceedings again him confidential, whether a conflict of interest, apprehended bias or actual bias, exists by reason of the university’s commercial relationship with AIMS, GBRMPA and ARC and the effect that this has on the obligation to afford Dr Ridd procedural fairness and natural justice in the determination of the disciplinary complaint (which concerned comments he made about those bodies).
That is not intended to be critical of His Honour. His Honour took a broad brush approach and did not descend into the detail of the arguments and the evidence, as all His Honour was required to do was to ascertain whether Dr Ridd had a prima facie case, and not to decide the case itself.
Yesterday, His Honour found that Dr Ridd had an arguable prima facie case in relation to the alleged breach of the enterprise agreement by JCU and that it took adverse action against him, but that the balance of convenience did not favour his reinstatement pending trial primarily because:
1. an award of damages would be an adequate remedy if Dr Ridd was successful at trial; and
2. the university paid Dr Ridd the equivalent of six month’s pay upon his termination – so he was not presently without income to support himself and (it seems) that a trial would likely occur before the expiration of that six month period; and
3. Dr Ridd had previously turned down an offer of an undertaking by the university to suspend the disciplinary proceedings pending determination of the proceeding. It is important to note that that undertaking would have required Dr Ridd to remain silent about the disciplinary proceedings that had been taken against him by the university.
Of course, in making this determination the Judge was entirely ignoring (as he was entitled to) the very nature of Dr Ridd – a man of integrity who will not be silenced even if costs him his job, his career and results in vicious bullying.
When Christopher Murdoch QC for the respondent (JCU) argued on the first day of the hearing he explained that the University’s core issue was the breaking of confidentiality, in particular Dr Ridd was not allowed to tell anyone that he had been censured. Never mind that he had been censured for daring to speak out against a culture where scientific integrity is perhaps sacrificed for profit.
So, when I blogged about this issue of Peter Ridd being censured and the need for everyone to contribute to his GoFundMe Campaign back in May, I very deliberately emphasised the importance of being able to speak out. The most important thing, I wrote, is to not be silenced.
I was also thinking of the famous Edmund Burke quote: The only thing necessary for the triumph of evil is for good men to do nothing.
Dr Ridd has done something. First, he detailed the scientific facts as an expert on these issues including in the scientific literature. For example, there is his article published in Marine Geology (Volume 346, pages 392-399) in which he explains that the only reason Glenn De’ath found an apparent decline in coral calcification rates was because he didn’t consider the age effect on coral growth. This is just one of many instances when Dr Ridd has detailed how scientists make spurious claims based on a flawed methodology. More recently Dr Ridd has explained the consequences of this in plain English on television.
None of this has made him popular with his colleagues most of whom rely on perceptions of imminent catastrophe at the Great Barrier Reef for their relevance and certainly their funding. Dr Ridd has done what the average Australian would consider to be the right thing. Most importantly he has not remained silent – surely, he will be vindicated at the final trial when all the evidence is heard and all the arguments made and considered.
Defending the EU Rather Than One’s Own Country
By Andrew Spannaus | Consortium News | June 24, 2018
Milan – By invoking his power last month to reject a proposed government minister because of the his critique of the EU, Italian President Sergio Mattarella made it clear that his priority is not to defend the Italian state—his job, theoretically—but rather the European Union.
This put into the open something rarely admitted publicly: that Italy—like other European countries—has essentially given up its existence as a sovereign nation-state. The EU treaties adopted by national parliaments now take precedence over the basic principles of each member country’s constitution.
Mattarella had announced on May 27 that Paolo Savona, the minister of the economy proposed by the populist parties that won the March elections, was unacceptable because of his critical position towards the EU. The president said the appointment would spook the markets and threaten the survival of the Euro. When the two populist parties that had joined together to govern, the Five Star Movement (M5S) and the League, insisted on keeping Savona, Mattarella exercised his power to reject their choice and began plans to appoint an IMF technocrat who would guarantee the current budget orthodoxy while taking the country towards new elections.
Luigi di Maio, the 31-year old M5S leader, ultimately got Matteo Salvini, head of the League, to partially relent, shifting Savona to another position in order to avoid the collapse of their newly-formed coalition. Yet the brief firestorm touched off by the clash with Mattarella was revealing, as it risked doing precisely what the president and his EU backers fear most—promote even more opposition to the loss of national sovereignty that has occurred over the past 25 years.
Finance Dominates Government
Mattarella: Serving the EU, not Italy.
The EU’s principle aim is to continue the pro-finance policies launched in the 1980s with wide-scale de-regulation and the emergence of what became known as globalization, i.e. the loss of national sovereignty in favor of a borderless world in which financial interests would become more important than governments. The Union adopted the free market mantra, which it imposed through increasing supra-national bureaucracy. State intervention and regulations were considered the enemies of efficiency and growth, while austerity and so-called structural reforms were launched to break down the successful mixed state/market model that had been in place for decades.
Over the years, as national institutions gradually relinquished their power to make economic policy, European political elites adopted the goal of complete EU integration. They followed this dogma despite numerous contradictions, from the failure of austerity policies to increasing economic divisions, from the lack of democratic debate to sharply different foreign policy goals among member states.
Naturally, some members of national elites recognized the folly of the EU policies, one of whom was Paolo Savona. However, he is by no means “anti-European,” against further political cooperation at the supranational level. Rather, he simply recognizes that the neo-liberal policies of budget balancing and prohibiting state intervention are harmful to Italy (and others). And, given the European institutions’ refusal to re-think these rules, he came up with what some saw as a radical idea: draw up a “Plan B” in which Italy would withdraw from the single currency. The aim was to use this threat to the very survival of the Euro to exact changes such as abandoning austerity policies and allowing for large-scale public investment.
In practical terms, it is very unlikely that Italy or any other large country would today simply “leave” the Euro on its own. A more probable scenario is that the EU architecture would crumble if some of its largest members broke with the Brussels and Frankfurt orthodoxy. So, if Italy were to dig in its heels, for example, resisting calls for further deregulation and insisting on large-scale, targeted public investment, it could potentially find support from other victims of austerity such as Greece, Portugal and Spain, but also factions critical of EU policies in France and Germany.
Most of the Italian population now supports such a scenario and populist parties big and small have used it explicitly to increase their popularity. This gave them a crucial margin of added support, beyond exploiting other hot-button issues such as immigration, which despite having taken on more importance in recent years, by itself would not have been enough to bring the outsiders to power.
Thus when Mattarella stood before the TV cameras on May 27 to declare his veto, he made what was potentially a colossal blunder, both formally and politically. Besides overstepping his authority as President, since the Constitution does not allow him to intervene regarding the political orientation of the government, he sparked a backlash that could have easily strengthened his opponents.
Populists Reject Russophobia
The new government has already shown its willingness to break with establishment policies, specifically regarding relations with Russia. At the G7 meeting in Canada this month, Prime Minister Conte supported Donald Trump’s call to bring Russia back into the fold, providing the U.S. President with support on this issue that he has lacked so far among the leaders of the world’s most industrialized countries. Conte stressed Italy’s position as a loyal ally of the United States and NATO, while still insisting that better relations with Russia are needed. This point is also felt strongly among Italian businesses and institutions, particularly due to economic ties developed over many decades.
While the popularity of M5S is based on its anti-existing-system, anti-corruption platform, the League is best-known for its anti-immigration rhetoric. But over the years, the League has also adopted the most “sovereignist” positions among the large Italian political parties regarding economic policy. It now showcases economists who reject budget constraints outright, suggesting that governments can create currency freely, if need be. Further, the party has run national campaigns to re-regulate the banking sector—which would conflict directly with EU rules; both they and M5S promise to abandon austerity policies and increase both social spending and public investment. Last, they aim to implement a soft version of a “flat tax,” simplifying the tax system with only two brackets so as to inject more liquidity into the coffers of companies and the pockets of families, while raising penalties for tax evasion.
Any of these issues can cause an open clash with the EU, given its strict budget rules. The question is if the new government will attempt to finesse the issue and avoid an open fight, or welcome a political debate over the validity of the neo-liberal policies whose failure brought them to power.
Andrew Spannaus is a journalist and strategic analyst based in Milan, Italy. He was elected Chairman of the Milan Foreign Press Association in March 2018. He has published the books “Perché vince Trump” (Why Trump is Winning – June 2016) and “La rivolta degli elettori” (The Revolt of the Voters – July 2017).
Kushner says US Administration Will Continue with “Peace Plan” Even Without Abbas
IMEMC News & Agencies – June 24, 2018
US president Donald Trump’s senior adviser, Jared Kushne,r in an interview with Al-Quds Palestinian newspaper, said that his country will go on with a Middle East peace plan which has not been announced yet, whether Abbas agrees to participate in it or not.
Kushner questioned Abbas’s ability to make a deal, as the Palestinian Authority (PA) is boycotting the US administration for its moves, which included declaring Jerusalem as the capital of Israel, and moving the US embassy from Tel Aviv to Jerusalem.
“If President Abbas is willing to come back to the table, we are ready to engage; if he is not, we will likely air the plan publicly,” Kushner said, according to an English-language transcript released in Washington.
“However, I do question how much President Abbas has the ability to, or is willing to, lean into finishing a deal. He has his talking points which have not changed in the last 25 years,” Kushner said.
Commenting on the interview, Nabil Abu Rdainah, a spokesman for Abbas, said: “The road to peace is clear – commitment to the two-state solution, a Palestinian state on the 1967 borders with Jerusalem as its capital. This is the road to any negotiations or any meetings.”
Kushner and US Middle East envoy Jason Greenblatt, visited Jordan, Saudi Arabia, Qatar and Egypt before talks on Friday and Saturday with Israeli Prime Minister Benjamin Netanyahu, said Arab leaders conveyed they wanted to see a Palestinian state.
Erekat: Kushner represents a policy of dictation
In response, senior PLO member, Dr. Saeb Erekat said Kushner’s interview again illustrates the US refusal to talk substance, to mention Palestinian rights or a Palestinian state.
“This is an attempt to push forward a plan that consolidates Israel’s colonial control over Palestinian land and lives while telling the Palestinian people that money will compensate for our inalienable rights. Plain and simple: Palestine and Palestinian rights are not for sale,” Erekat said in a statement, according to the PNN.
“Kushner represents a policy of dictation rather than negotiations”, he added. “It is the Trump Administration has walked away from the negotiations, from international law and UN resolutions.”
Erekat added that the PA has continuously heard the same from the Israeli government that believes that there will be a better economic situation by pulverizing the political rights of the people of Palestine. Therefore, Kushner’s interview only confirms what we have heard from every international envoy we have met with, that there’s nothing of substance coming from the Trump Administration.
He added that it is outrageous to accept such blatant disregard of international law to be replaced with business packages to resolve the struggle of a people striving for their freedom.
“The aids of the current US Administration, including Jared Kushner, have heard it clear from our fellow Arab leaders that the core of the solution should be grounded on ending Israel’s occupation of Palestine and the establishment of a sovereign and the independent State of Palestine on the 1967 borders with East Jerusalem as its capital. Certainly, the end of Israel’s occupation and the fulfillment of our political rights is a matter of consensus among all Palestinians that are united on the vision and will to live in freedom,” Erekat concluded.
Human Rights Group Accuses UK of Secret Arms Sales to Saudis
Sputnik – 24.06.2018
NGOs allege that the UK has been selling weaponry to Saudi Arabia through an obscure system of arms exports licenses. Since 2015, a Saudi-led coalition has been involved in the Yemen war at the request of the country’s internationally recognized government.
Despite the UK has been insisting that it keeps all arms exports under close control, a freedom of information request submitted by Campaign Against Arms Trade, a UK-based NGO, disclosed that Britain has been selling Storm Shadow and Brimstone missiles, as well as Paveway IV laser-guided bombs to Saudi Arabia.
According to The Guardian, the deadly exports have been shipped for the last five years under Open Individual Export Licences (OIELs), which don’t oblige the seller to publish the total value of the license after it expires.
The surprising finding has prompted campaigners to claim that the authorities are trying to hide the real extent of their arms exports to Saudi Arabia.
Lloyd Russell-Moyle, a Labour MP and member of the Commons Committee on Arms Export Controls, said, as quoted by The Guardian, that hundreds of millions of pounds of bombs were shipped to Saudi Arabia under open licenses issued before it launched its Yemen campaign.
“Open licenses remove the need for the seller to obtain prior approval for each export,” said Andrew Smith of Campaign Against Arms Trade.
According to him, the “opaque” system of OIELs is used to hand over “extremely sensitive weaponry to the Saudi regime.”
Yemen is the site of a long-lasting conflict that rapidly escalated in September 2014 following a Houthi takeover of the Yemeni capital of Sana’a. In 2015, Saudi Arabia, the leader of a nine-member, mostly Sunni Arab, coalition, entered the conflict in a bid to restore Hadi’s government, concerned by the rise of Houthis.
The violent clash has destroyed the local economy and caused a humanitarian disaster. The UN estimates that the conflict has displaced around 3 million people and leaving over 22 million people in need of humanitarian assistance or protection.
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From the Archives
Washington and ISIS: The Evidence
By Tim Anderson | teleSUR | March 8, 2015
Reports that US and British aircraft carrying arms to the Islamic State group – better known as ISIS – have been shot down by Iraqi forces have been met with shock and denial in western countries. Few in the Middle East doubt that Washington is playing a ‘double game’ with its proxy armies in Syria, but some key myths remain important amongst the significantly more ignorant Western audiences.
A central myth is that Washington now arms ‘moderate Syrian rebels’, to both overthrow the Syrian Government and supposedly defeat the ‘extremist rebels’. This claim became more important in 2014, when the rationale of US aggression against Syria shifted from ‘humanitarian intervention’ to a renewal of Bush’s ‘war on terror’.
A distinct controversy is whether the al-Qaida-styled groups (especially Jabhat al-Nusra and ISIS) have been generated as a sort of organic reaction to the repeated US interventions, or whether they are actually paid agents of Washington. … continue
Aletho News Original Content
Three Mile Island, Global Warming and the CIA
By Aletho News | January 9, 2012
This article will examine some of the connections between the US and UK National Security apparatus and the appearance of the anthropogenic global warming (AGW) theory beginning after the accident at Three Mile Island. … continue
~
Also by Aletho News:
March 8, 2011
Investment bankers salivate over North Africa
February 25, 2010
Look out for the nuclear bomb coming with your electric bill
February 7, 2010
The saturated fat scam: What’s the real story?
December 26, 2009
There’s more to climate fraud than just tax hikes
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