Corrupt newspaper "the huddersfield examiner" supporting the grooming gang - click here to learn more.

<p>Yikes. The Safari feature reportedly introduced serious flaws that could&#x2019;ve been exploited by hackers.</p><br /><p>An Apple feature so privacy-minded it upset the ad industry also could have been exploited by hackers to reveal what you do as you browse the web, Google researchers claim in a paper described by the <em>Financial Times</em>.</p><p>Read Full Story</p><br /> <br />
70th Anniversary Of Orwell's Death Sees 'Newspeak' Censorship Soaring

Authored by Sharyl Attkisson via,

It is a dangerous practice: Government, corporations, universities, news outlets and “experts” curating our information so that we cannot access, see or believe that which they determine we should not access, see or believe.

If anyone had suggested to Orwell, or the American found

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ers, that we would invite this sort of manipulation and control of our information, they wouldn’t have believed it.

Political writer George Orwell, who died Jan. 21, 1950

The idea was first introduced on the national stage by President Obama in October of 2016 right before the presidential election. He insisted that somebody needed to step in and “curate” our information in the “Wild, Wild West” internet environment.

Nobody had been clamoring for any such thing. 

So the challenge for those who came up with this bright idea– in my opinion in an effort to control news and information– was to convince the public to accept something very un-American: their information being shaped and censored by others.

Watch Attkisson’s Tedx talk: Astroturf and Manipulation of Media Messages

This feat was accomplished in concert with the anti-fake news effort, started in September 2016 through a nonprofit called First Draft. (First Draft was funded by Google, owned by Alphabet, run by Eric Schmidt, a major Hillary Clinton funder and supporter.) The anti-fake news effort was also an effort by special interests to step in and control news and internet information. 

In a relatively short period of time, they had us. Curate our information, we cried. Block “untrue” news reports and blogs! Fact check political ads and certain politicians! Remove selected social media accounts! We invited special interests and political players to control our information under the guise of knowing what’s best for us.

No longer can we bear or do we deserve to hear various views and interpretations of facts. The curators decide which views are right and true They universally declare the others to be debunked or discredited. 

Never mind that the appointed curators are advancing their own views or special interests. No matter that the corporations employing the fact checks are looking out for their owners or corporate interests; or currying favor with government regulators— sometimes even doing the government’s bidding. 

From a pure factual standpoint, government, news outlets, social media and other corporations are hardly parties that should be trusted to oversee “curation” efforts. History is littered with examples of them being wrong, conflicted or providing false information. 

One of the best most recent examples is the now disproven accusation that Donald Trump was working with Russia President Vladimir Putin. The wild conspiracy claims dominated the news for more than two years. The curators told us there was hard evidence. It would all be revealed soon! These views and reports were distributed, unfettered. What was censored and criticized as “debunked” by the curators? Social media, news reports and commentary that correctly questioned the conspiracies and pointed to malfeasance by the intelligence community. In the end, of course, the curators were wrong; the “debunked” skeptics were correct.

A more recent example is the effort by curators to label, as debunked, reporting by Politico and others on Ukraine interference in the 2016 U.S. election. It turns out there are far more supportable facts and admissions in the public record on Ukrainian interference than on Russia interference.

What’s more, those who have correctly pointed to Ukraine’s alleged role in 2016 have almost universally acknowledged there was Russia tampering, as well– that both are true. But the curators have falsely framed the facts, claiming that “conspiracy theorists” say Ukraine rather than Russia interfered in the 2016 campaign. In this way, the curators aren’t just curating, they are tampering with the facts. Altering reality. And why wouldn’t they? We have invited them to feel free.

And a third example is the stranglehold on information the vaccine industry and their advocates  have on information about vaccine side effects and links to autism. I recently reported on a sworn affidavit signed by Dr. Andrew Zimmerman, a world renowned pro-vaccine pediatric neurologist who served as the government’s expert witness in vaccine autism cases. He was, at the time, defending vaccine companies on behalf of the U.S. government.

But in the affidavit, Dr. Zimmerman said that after initially believing vaccines are not linked to autism, he became aware of advances in science revealing that vaccines do cause autism in rare cases, after all. He goes on to testify that government lawyers from the Department of Justice hid this fact from families and the court, and misrepresented his opinion in cases fought by parents of vaccine-injured autistic children.

Dr. Andrew Zimmerman, the pro-vaccine govt. expert who says vaccines can cause autism, after all, in “exceptional” cases.

People are free to dismiss Dr. Zimmerman’s findings, of course, but the fact that he signed the affidavit it is not in dispute and the information should not be censored. However, Facebook’s “science fact checkers” have improperly flagged this reporting as untrue. Either these science experts are proxies for the vaccine industry or are sorely uninformed. Either way, they are not qualified to determine fact vs. fiction on your social media feed. All the while, misleading, incomplete and false information about vaccine safety is routinely promoted as “true.”

Facebook “independent fact-checker” wrongly flag a true news report

Read Dr. Zimmerman’s full affidavit here

  • We should remember that the government incorrectly determined security guard Richard Jewell was responsible for the Atlanta Olympic bombing. (He was actually a hero who helped move people away from a suspicious backpack before it exploded.)

  • The FBI falsified the polygraph of a Chinese scientist to make it look like he was a spy.

  • Former Director of National Intelligence James Clapper falsely testified to Congress that there was no mass surveillance on millions of Americans.

  • Social media videos were used out of context to defame a Catholic high school student as if he had aggressively confronted a Native American.

  • Rape allegations in a landmark Rolling Stone article turned out to be untrue.

  • Washington Post Pulitzer Prize winner Janet Cooke had falsified her sourcing.

  • New York Times award winning reporter Jayson Blair plagiarized and faked his stories.

  • Corporations have been wrong or misled us on information about cigarettes and cancer, food safety, the dangers of Ford Explorers equipped with Firestone tires, x-rays, asbestos, medicine and vaccines pulled off the market for safety reasons and countless other topics.

  • Charities such as the Red Cross have been found guilty of misusing funds and providing false information.

  • Facebook has gotten caught misleading consumers and advertisers.

  • Social media company insiders have blown the whistle on biased and dishonest practices at their firms.

Just as concerning– government, corporate, media and other curators sometimes fact check as “incorrect” matters that are simply matters of opinion.

Watch Attkisson’s TedX talk: How Real is Fake News?

These are the people we are trusting to be arbiters of what information we should be allowed to see and believe.

Without alternate information that some of these powerful interests initially claimed to be wrong or “debunked,” the facts might never have been discovered.

Sometimes, the reality about serious issues of public importance starts with a single whistleblower, a patient’s story, or a conversation on the internet. When curators have the power to make it where we cannot find this information, the truth risks staying hidden. We would live a controlled, Orwellian existence, knowing only precisely what they wish for us to know, thinking only that which they say is the right way to think, with contrary information dropped down the memory hole like it never even existed.

My own view is that, in general, information that is not deemed to be illegal should be accessible. Social media already has all kinds of tools to allow users to filter out objectionable posts, if they wish to use them. If people want a vested interest to “fact check” for them, they should be able to opt into that service. But the rest of us should be left alone.

The magic of the internet is that it puts information in the hands of most anyone rather than just the powerful. Allowing that information to be controlled, manipulated, filtered, improperly discredited or erased is a slippery slope fraught with peril…. and very Orwellian, indeed.

*  *  *

Fight improper government surveillance. Support Attkisson v. DOJ and FBI over the government computer intrusions of Attkisson’s work while she was a CBS News investigative correspondent. Visit the Attkisson Fourth Amendment Litigation Fund. Click here.

Tyler Durden

Wed, 01/22/2020 - 18:05
Senate Minority Leader communicating with demons on Senate floor?
Rapporteurs call for investigation, technical security report leaks

The Crown Prince of Saudi Arabia, Mohammad Bin Salman, has been officially fingered as the man responsible for hacking Amazon CEO Jeff Bezos’ phone, causing a massive stir in diplomatic circles.…

The iPhone of Amazon founder Jeff Bezos, the world's richest man, was reportedly hacked in May 2018 after receiving a WhatsApp message from the personal account of Saudi crown prince Mohammed bin Salman, the Guardian newspaper revealed today.

Citing unnamed sources familiar with digital forensic analysis of the breach, the newspaper claimed that a massive amount of data was exfiltrated from
Glenn Greenwald Responds To 'Grave And Obvious Attack On Free Press' Following Charges

Glenn Greenwald responded to charges levied against him Tuesday by prosecutors in Brazil, who have accused the American journalist of cybercrimes for his role in publishing embarrassing text messages that exposed corruption within the Brazilian judicial system.

According to the government's criminal complaint, Greenwald "directly assisted, e

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ncouraged and guided" his sources, who gained access to online chats between prosecutors and others involved in "Operation Car Wash," which The Intercept describes as a 'yearslong, sprawling anti-corruption investigation that roiled Brazilian politics."

Greenwald has denied the charges, citing a Brazilian Federal Police investigation that concluded he committed no crimes - and in fact highlighted his "careful and distant posture regarding the execution" of the alleged hacks.

"Less than two months ago, the Federal Police, examining all the same evidence cited by the Public Ministry, stated explicitly that not only have I never committed any crime but that I exercised extreme caution as a journalist never even to get close to any participation," said Greenwald, adding "Even the Federal Police under Minister Moro’s command said what is clear to any rational person: I did nothing more than do my job as a journalist — ethically and within the law."

Operation Car Wash

The political scandal at the heart of Greenwald's corruption charge is Operation Car Wash - which led to the prosecution of major Brazilian construction firms and politicians.

Among its most controversial convictions was that of former Brazilian President Luiz Inácio Lula da Silva, whose imprisonment on corruption charges removed him from contention in the 2018 presidential elections, despite leading in the polls. Instead, Bolsonaro won the office and quickly appointed Moro, the judge who convicted Lula, as his justice minister. After the Secret Brazil Archive reporting, the Brazilian Supreme Court released Lula on the basis of a procedural argument, a stinging rebuke of Moro’s work. -The Intercept

The Intercept's reporting relied on a trove of leaked materials which revealed scheming by prosecutors to ensure that Bolsonaro's opposition (the Lula Workers' Party) did not win the election. Prosecutors were also profiting from the scandal.

The Brazilian federal prosecutor who filed the criminal complaint, Wellington Divino Marques de Oliveira, who works in Moro’s Justice Ministry but has prosecutorial independence, wrote in the complaint that Greenwald had “directly assisted, encouraged and guided the criminal group, DURING the criminal practice, acting as guarantor of the group, obtaining financial advantage with the conduct described here.”

Bolsonaro has himself previously suggested that he would like to deport Greenwald and threatened to imprison the journalist for his work. At the time, The Intercept condemned the threat in a statement and reiterated that Greenwald and The Intercept’s other reporters enjoy free-press protections under the Brazilian constitution. -The Intercept

 Greenwald's charges have drawn rebuke from across the spectrum.

Tyler Durden

Wed, 01/22/2020 - 14:51


Law Crime

Quickly shuttered partially redacted leaky DB included 'internal notes marked as confidential'

Five identical Elasticsearch databases containing 250 million records of Microsoft customer support incidents were exposed on the internet for all to see for at least two days right at the end of 2019.…

<p>The political environment was finally right for the 104-year-old snack mascot who dresses like an old-timey billionaire to die.</p><br /><p>The Super Bowl has long been the biggest stage for American advertising, where brands pay millions of dollars to get our attention and shopping dollars.</p><p>Read Full Story</p><br /> <br />
Bridgewater Co-CIO: "The Boom-Bust Cycle Is Over"

Just in case anyone was worried that the smart money was quietly getting ready to stop dancing after Bridgewater's Co-CIO Greg Jensen told the FT in an interview last week that it's time to buy gold (which he sees rising to $2,000 because the Fed and other central banks would let inflation run hot for a while and "there will no longer be an attempt by any of the developed world’s major central banks to normali

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ze interest rates") ahead of the Fed cutting rates to zero and that "equities are frothy" as "most of the world is long equity markets", today Bridgewater's other Co-CIO came out with a controversial statement that appears to convey a polar opposite message to Jensen's warning.

Bob Prince, who alongside Greg Jensen helps oversee the world’s biggest hedge fund at Bridgewater Associates as its other Co-CIO, said "the boom-bust economic cycle is over."

Speaking to Bloomberg TV in Davos, Prince suggested that the tightening of central banks all around the world "wasn’t intended to cause the downturn, wasn’t intended to cause what it did" - and yet that's precisely what the shrinking of the Fed's balance sheet did hence the record expansion over the past four months - and shockingly said that "the lessons were learned from that and I think it was really a marker that we’ve probably seen the end of the boom-bust cycle."

Prince was referring not only to the boom-bust cycle created by central banks, which first ease then tighten, resulting in bubbles and eventually crashes, as described in "Every Fed Tightening Cycle Creates A Crisis"...

... but also to the broader cycle of economic expansion and contraction that repeats itself. And as a result of central bank intervention since the financial crisis and monetary easing, that cycle has effectively been disrupted and has helped fuel the longest-running bull market in stocks. That has also led the hedge fund industry to struggle to match gains of passive funds tracking indexes, since virtually no downturns are now possible with central banks intervening every time there is even a modest downturn, something which BofA first pointed out in December 2017 when it wrote that "In Every Market Shock Since 2013 Central Banks Have Stepped In To Protect Markets."

It now appears that this last piece of tinfoil "conspiracy theory" has become "fact", validated by one of the most respected stewards of other people's money.

Or, in other words, "stocks prices have reached what looks like a permanently rising plateau."

Could Bridgewater merely be talking its book? Certainly: the world's biggest hedge funds suffered its first annual loss since 2000 in its most prominent Pure Alpha II last year, largely as a result of hedging, or short trades. The fund lost 0.5%, only the fourth annual decline since starting in 1991. As such, perhaps Prince's observation is just a warning that Bridgewater will no longer actually "hedge" and will go all in on the long side.

That may also explain why Prince said that performance this year has been so far good for the firm. It certainly explains why just yesterday, his boss Ray Dalio, rehashes his warning from Jan 2018 - just before the market cracked - when he urged investors not to miss out an opportunity to benefit from strong markets. "Cash is trash,” he said in a CNBC interview in Davos on Tuesday. “There’s still a lot of money in cash."

As a reminder, in 2018 cash ended up being the best performing assets. And with Bridgewater now claiming that "this time is totally different", will 2020 be another painful repeat of 2018?

Tyler Durden

Wed, 01/22/2020 - 15:10


Business Finance

Spanish flu killed 20-50 million people.
Just In Time! Lenders Seek Congressional Approval For No Income Mortgages

Authored by Mike Shedlock via MishTalk,

Here we go again. The mortgage lending industry seeks to eliminate debt-to-income rules for home buyers.

At the peak of every boom comes one final act of repetitive stupidity. This may be it.

Please consider CFPB Moves to Eliminate Mortg

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age Debt-to-Income Rule for Borrowers.

In a letter CFPB Director Kathy Kraninger sent to Congress today, the CFPB asked to amend the Ability to Repay/Qualified Mortgage rule (ATR/QM rule) in order to remove DTI as a qualifying factor in mortgage underwriting.

This rule was created in response to the financial crisis of a decade ago as a way to prevent lending money to borrowers who might not be able to afford the loan.

The move by Kraninger is by request of a group of lenders and industry groups, including Wells Fargo, Bank of America, Quicken Loans, Caliber Home Loans, the Mortgage Bankers Association, the American Bankers Association, the National Fair Housing Alliance, and others.

The finance leaders want to remove the 43 percent DTI requirement on both prime and near-prime loans.

Specifically, current rules includes things like verification of income, credit history and DTI, among others. The only portion the CFPB is asking to amend is the DTI requirement.

Apparently Fannie Mae is not subject to the requirement so the lenders cry about fairness.

Hey, why not? More importantly, why stop there? Besides, if one claims no income, there is no income to verify. It's all nice and clean.

NINJA (no income, no job, no asset) loans worked out so well the last time we tried them, it's clearly time for a repeat performance.

Tyler Durden

Wed, 01/22/2020 - 12:50


Business Finance

<p>Automation is changing the nature and potential of entry-level jobs. It&#x2019;s on everyone to adapt.</p><br /><p>Automation is changing the world. Namely, it&#x2019;s changing the way we work by eliminating many of the more menial, repetitive tasks that employees currently focus on&#xA0;multiple hours a day. And while this is happening to employees across all areas of business, perhaps no one is being impacted more quickly&#x2014;or dramatically&#x2014;than practitioners and designers of entry-level work.</p><p>Read Full Story</p&
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gt;<br /> <br />
Lebanon's New Hezbollah-Backed Government Meets After 3-Month Vacuum Amid Crisis

After in October Lebanese Prime Minister Saad al-Hariri resigned amid worsening violence and protests related to the nation's banking crisis, but remained in a caretaker capacity, Lebanon announced Tuesday the formation of a new government, which met for the first time Wednesday. The crisis-hit country has been three months without a government. 

President Michel Ao

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un said it's vital the new government led by caretaker Prime Minister Hassan Diab wins back international confidence at a moment Lebanon is on the verge of deft default and currency devaluation. The new leaders will attempt to instill enough faith to unlock crucial external funding, conditioned on badly needed reforms which have thus far remained elusive. 

Newly-assigned Lebanese Prime Minister, Hassan Diab, via the AP.

"Your mission is delicate," Aoun told the cabinet in a statement. "It is necessary to work to tackle the economic situation, restore the confidence of the international community in Lebanese institutions and reassure the Lebanese about their future," Aoun said.

Caretaker PM Diab, formerly the education minister and importantly the candidate put forward by Hezbollah, has unveiled a plan for a new election law meant to promote national unity and placate key demands of protesters after demonstrations have raged for months, at times bringing daily life in the major cities, especially Beirut, to a standstill. This also as a liquidity crisis has resulted in strict capital controls imposed on banks, which has also lately seen account holders limited to withdrawing a mere $200 a week.

It's now been over two months since commercial banks have enacted severe controls preventing large money transfers abroad and restricting clients' access to their deposits. Throughout the nationwide protests, which at their height saw one million people hit the streets (a whopping some 20% of the entire population), both national and commercial banks have been routinely targeted for destruction and vandalism. 

The new government includes Minister of Defense Zeina ‘Akkar, Minister of Foreign Affairs Nassif Hatti, Minister of Finance Ghazi Wazneh and Minister of Interior Mohammad Fahmi.

Lebanon's new government met for the first time Wednesday, via NBC News.

Lebanon’s precarious financial situation has many investors pricing in a sovereign default. A $1.2 billion Eurobond that matures in March saw a record slump last week, fueled by reports local lenders have been selling the instruments to avoid participating in a central bank-initiated voluntary debt swap.

The Lebanese pound has plunged on the black market to some 2,500 against the U.S. dollar since the protests began on Oct. 17, while the central bank has stuck to the official rate of 1,507. Hours before the government was announced, Lebanon’s money changers announced that they would sell dollars at no more than 2,000 starting Thursday in an effort to ease the burden of price gains on consumers. — Bloomberg

PM Diab acknowledged the tumultuous events gripping the small Middle East nation in initial remarks Wednesday: “I salute the uprising that pushed us towards this path. Lebanon won an this government expresses the aspirations of the protesters over the area and country. We will work to fulfill your demands,” he said.

“The scenes that we saw during the past few days were painful and what is important now is to maintain stability and support the Lebanese Army and security forces,” Diab continued. “We have the capabilities to continue. We have our wealth. We will protect it and defend our right to it by all means,” he added.

Diab indicated just after taking the helm that he intends as his first trip abroad a visit to Gulf states which previously provided vital financial aid. 

However, the prospect for Gulf aid could be sensitive, given the new government is for the first time controlled exclusively by Hezbollah (which notably has the backing of Iran), while Lebanese political parties that typically enjoy Western backing have stayed on the sidelines. All of this also means protests are set to continue, and possibly grow more fierce, as promised by a number of activists. 

Tyler Durden

Wed, 01/22/2020 - 13:10



Adam Schiff Caught "Mischaracterizing" Evidence Day One Of Senate Impeachment Trial

Rep. Adam Schiff (D-CA) was caught "mischaracterizing" evidence on day one, Tuesday, of the Senate impeachment trial. 

The left-leaning Politico claims that Schiff released inaccurate information about a text message between Rudy Giuliani and Lev Parnas on July 3, 2019, about organizing a meeting with Ukrainian President Volodymyr Zelensky. 

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Schiff's report was sent to House Judiciary Chairman Jerry Nadler (D-NY) last week that summarizes "a trove of evidence from Lev Parnas, an indicted former associate of Trump's personal attorney Rudy Giuliani," Politico reported. 

The report claims in a text message conversation between Giuliani and Parnas, Parnas said: "trying to get us mr Z." The remainder of the letter was redacted. 

Politico added, "But an unredacted version of the exchange shows that several days later, Parnas sent Giuliani a word document that appears to show notes from an interview with Mykola Zlochevsky, the founder of Burisma, followed by a text message to Giuliani that states: 'mr Z answers my brother.' That suggests Parnas was referring to Zlochevsky, not Zelensky."

A Republican aide told Politico that Schiff's assumption that "mr Z" is Zelensky is ludicrous.

"The most charitable view of the situation is that [Schiff's] staff committed the equivalent of Congressional malpractice by not looking more than an inch deep to determine the facts before foisting this erroneous information on his colleagues and the American public," said one senior GOP aide.

"But given the selective redactions and contextual clues, it seems as though Chairman Schiff sought to portray an innocuous meeting with Ukrainian oligarch Mykola Zlochevsky as an insidious one with the President of Ukraine simply because both of their surnames start with the letter Z," the GOP aide added. 

Schiff has issued false information in Trump-related investigations before. 

It was reported in September 2019 that Schiff fabricated the account of a July 25 call between Trump and Zelensky, to analogize the interaction to a scene from a mafia drama.

And last month, Schiff said during a Fox News interview that he wasn't willing to admit wrong in his defense of the FBI's FISA process: "I'm certainly willing to admit that the inspector general found serious abuses of FISA that I was unaware of."

Trump responded by saying, "Schiff's correcting the record memo has turned out to be totally wrong (based on the I.G. Report)! A very big lie. @MariaBartiromo And @DevinNunes has turned out to be completely right. Congratulations to Devin. The Fake News Media should apologize to all!" 

Tyler Durden

Wed, 01/22/2020 - 10:50



Orwell rolls in his grave; Newspeak dictionary 2020.
Report suggests public interest defences for infosec professionals, academics and journalists

Britain's main anti-hacker law, the Computer Misuse Act 1990, is "confused", "outdated" and "ambiguous", according to a group of pro-reform academics.…

<p>A decade after he first said, &#x201C;Hello Ladies,&#x201D; Isaiah Mustafa is back in a different world.</p><br /><p>To celebrate the 10-year anniversary of the original Old Spice Guy campaign launch, the brand has brought back&#xA0;Isaiah Mustafa as its iconic spokesman, now a doting-yet-impeccably-scented dad to a Gen Z son.</p><p>Read Full Story</p><br /> <br />
Mainstream Media Admits We're In "An Auto Recession" – And It Just Continues To Get Worse

Authored by Michael Snyder via The Economic Collapse blog,

Quite a few of the most important sectors of the global economy are already “in a recession”, and yet somehow we are still supposed to believe that the economic outlook for the rest of 2020 is a positive one. 

I am not buying it,

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and I know that a lot of other people aren’t buying it either. 

The global economic slowdown that began last year is really picking up pace here in early 2020, and global financial markets are perfectly primed for a meltdown of epic proportions.  Unfortunately, most people simply do not understand how badly the global economy has been deteriorating.  For example, global auto sales have now fallen for two years in a row, and even CNN is admitting that the global auto industry has been in a “recession” for some time…

The global auto industry plunged deeper into recession in 2019, with sales dropping more than 4% as carmakers struggled to find buyers in China and India. The pain is likely to continue this year.

The number of vehicles sold across major global markets dipped to 90.3 million last year, according to analysts at LMC Automotive. That’s down from 94.4 million in 2018, and well below the record 95.2 million cars sold in 2017.

Here in the United States, people keep trying to tell us that the economy is in good shape, but last year auto sales fell here too…

Nonseasonally adjusted passenger car sales in the U.S. for 2019 declined 10.9% to 4.7 million units, versus 5.3 million units in 2018, according to an S&P Global Market Intelligence analysis.

Sales of trucks, minivans and SUVs for the year totaled 12.2 million units, up 2.8% from the 2018 figure of 11.9 million units.

The overall nonseasonally adjusted U.S. vehicle sales for the period fell 1.4% to 17.0 million units, versus 17.2 million units a year ago.

Very few analysts are expecting these trends to turn around in 2020.

And considering how important the auto industry is to the global economy as a whole, that has very serious implications for all of us…

Recession comes with big ramifications for the global economy. According to the International Monetary Fund, the car industry accounts for 5.7% of economic output and 8% of goods exports. It is the second largest consumer of steel and aluminum.

Meanwhile, we are experiencing a very deep transportation recession in the United States as well.  The following comes from Wolf Richter…

Shipment volume in the US by truck, rail, air, and barge plunged 7.9% in December 2019 compared to a year earlier, according to the Cass Freight Index for Shipments. It was the 13th month in a row of year-over-year declines, and the steepest year-over-year decline since November 2009, during the Financial Crisis

How in the world can the U.S. economy possibly be in “good shape” with absolutely horrific numbers like that?

When the amount of goods being shipped around the country by truck, rail and air is steadily falling, that is a crystal clear indication that economic conditions are slowing down.

And one of the biggest reasons why a transportation recession is upon us is because it looks like we are in a “manufacturing recession” too.

In fact, the manufacturing numbers for December were simply abysmal…

US manufacturing took a turn from lousy to worse in December, according to the Manufacturing ISM Report On Business, released today, with employment, new orders and new export orders, production, backlog of orders, and inventories all contracting.

The overall Purchasing Managers Index (PMI) dropped 0.9 percentage points from November to 47.2% in December 2019, the fifth month in a row of contraction, and the fastest contraction since June 2009.

Overall, 2019 was the worst year for U.S. industrial production since 2015.

Across the Atlantic, things are even worse in Europe.  The following comes from Zero Hedge…

The manufacturing downturn across Europe deepened in the last month of 2019 according to the latest survey data released on Thursday.

IHS Markit Eurozone Manufacturing PMI lost momentum last month, printing at 46.3, down from 46.9 in November, if modestly above the 45.9 expected. The PMI averaged 46.4 in 4Q, a seven-year low.

When will global authorities finally admit that we have a real problem on our hands?

How much worse do the numbers have to get?

This month, the Baltic Dry Index has been plunging dramatically.  For those that don’t know, the Baltic Dry Index is a key indicator of where global trade is heading, and on Monday it plummeted to a nine-month low…

The Baltic Exchange’s main sea freight index hit a nine-month low on Monday, dragged down by falling rates of capesize and panamax segments as world trade continues to slump.

The Baltic Dry Index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities across the world, dropped 25 points, or 3.3%, to 729 (according to Refinitiv data), the lowest level since April 2019

This is not what a healthy global economy looks like.

Of course many of those in positions of authority will continue to insist that everything is just fine for as long as possible.

In fact, back in 2008 Federal Reserve Chairman Ben Bernanke kept telling us that a recession wasn’t going to happen even after the worst economic downturn since the Great Depression had already started.

Just like back then, all of the hard economic numbers that we have are all saying the same thing.

Both the U.S. economy and the global economy as a whole have been slowing down for quite a while, and it looks like big trouble is ahead of us.

That means that now is not the time to be spending lots of money, making big financial commitments or going into debt.

Those that are wise will be positioning themselves to survive the coming economic storm, but unfortunately most people are paying no heed to the warning signs.

Just like last time around, most people have tremendous faith in the system, and so they will be absolutely blindsided by the crisis that is coming.

In the end, multitudes will be expecting the government to bail them out somehow, but considering the fact that we are already 23 trillion dollars in debt that simply is not going to be possible.

Tyler Durden

Wed, 01/22/2020 - 11:09


Business Finance


Choosing the right laptop can make a big difference in your security. There are some laptops that prioritize security and

The Most Secure Laptops In 2020 on Latest Hacking News.

If you have ever contacted Microsoft for support in the past 14 years, your technical query, along with some personally identifiable information might have been compromised.

Microsoft today admitted a security incident that exposed nearly 250 million "Customer Service and Support" (CSS) records on the Internet due to a misconfigured server containing logs of conversations between its support
AMLO Says 2 Suspected Coronavirus Cases Reported In Mexico

Update: So much for being 'contained'.

Mexican President Andres Manuel Lopez Obrador - better known as AMLO - said Wednesday morning that two cases of coronavirus are suspected in Mexico, and that health officials are scrambling to confirm. He added that one of the patients is under observation in Tamaulipas.

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#ConferenciaMatutina el Presidente Andrés Manuel @lopezobrador_ afirmó que se identificaron dos casos de coronavirus en México. Uno de ellos está en observación en Tamaulipas, del que es probable que se descarte que sea coronavirus de Wuhan.

— Televisión Tabasqueña (@TVTenlinea) January 22, 2020

AMLO assured the public that the Mexican government is closely monitoring the situation.

* * *

China's National Health Commission has revised the total of coronavirus cases higher for at least the second time on Wednesday: there are now 473 confirmed patients infected in China alone, though the death toll remained at 9, Reuters reports.

Internationally, the total number of cases has climbed to 481, according to a running count by the SCMP:

As the virus spreads throughout the mainland, health officials in Hong Kong have confirmed that the first case of coronavirus has been detected in the Special Autonomous Region. According to the SCMP, the male patient arrived in Hong Kong on a high-speed train on Tuesday from Wuhan, the Chinese city at the center of the outbreak. He was discovered to have a fever when he arrived at a rail station in West Kowloon, and has now tested positive or the virus three times, the first two at Queen Elizabeth hospital in Jordan.

Local television footage showed the still-unnamed patient being taken from Queen Elizabeth to Princess Margaret Hospital, where the Hospital Authority Infectious Disease Center is located. Several health care workers wearing full protective gear could be seen pushing the patient on a stretcher.

Hong Kong's public rail company, MTR Corp, confirmed that it had been notified by the Department of Health that the patient took a high-speed rail train G5607 from the Shenzhen North station to West Kowloon Station. Officials are now taking steps to disinfect the train.

The virus has also reportedly made it to Macau, which also confirmed its first case on Wednesday, according to the SCMP. Alarmingly, considering that Macau is one of the most popular destinations for the hundreds of millions of vacationers from the mainland looking to travel for the Chinese New Year Holiday this week, Macau's patient zero made it through health screenings for the virus, even though she had been showing symptoms including a cough and soar throat for about a week.

The virus has already spread to Chinese cities including Beijing and Shanghai, as well as to the US, Australia, South Korea, Thailand, Japan and beyond.

Earlier, we reported that China had launched a nation-wide screening effort to detect any remaining cases of the virus, suggesting that there could be many more cases yet to be uncovered. Screeners are looking for symptoms including fever, cough and difficulty breathing, all pneumonia-like symptoms. In addition to the autonomous regions, the virus has been confirmed in at least 13 Chinese provinces.

Beijing has also launched extensive operations to coat whole cities in disinfectant, as the video below shows:

President Trump said earlier during an interview with CNBC's Joe Kernen that the situation in the US is "totally under control" after the first case was identified in Washington state, the CDC announced yesterday.

Asked about criticisms that China wasn't completely transparent about the virus, and initially tried to conceal the fact that it could spread from human to human, Trump said he had a good relationship with President Xi and expected that he could trust the Chinese government.

Chinese officials have warned that the virus has been evolving and mutating as it has traveled. The map below is the NYT's most up-to-date accounting of confirmed cases, though at this point it's already woefully out-of-date.


The WHO is meeting on Wednesday to decide whether the outbreak warrants the most serious categorization for global pandemics.

Meanwhile, some experts are warning that on Wednesday the virus has taken a "step closer to full-blown epidemic."

Media reports have been warning people in China and around the world about steps they can take to avoid being infected. Basic steps include frequently washing hands, avoid touching ones eyes, mouth or nose with unwashed hands, clean and disinfect objects, and covering one's mouth and nose during a sneeze, per CNN.

Tyler Durden

Wed, 01/22/2020 - 09:02
Quickly shuttered partially redacted exposed DB, which included 'internal notes marked as confidential'

Five identical Elasticsearch databases containing 250 million records of Microsoft customer support incidents were exposed on the internet for all to see for at least two days right at the end of 2019.…


Cyber security has never been so important to a business’s wellbeing as it is today. And it will only become

How Your Company Can Benefit From Penetration Testing on Latest Hacking News.

Trump Says Middle-Class Tax Cut To Be Announced Within Three Months

President Trump told The Wall Street Journal on the sidelines of the World Economic Forum in Davos, Switzerland, that the White House plans to unveil a new tax-cut proposal for the middle class in approximately 90 days.

"We're talking a fairly substantial ... middle-class tax cut that'll be subject to taking back the House and obviously keeping the Sena

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te and keeping the White House," Trump said. He declined to elaborate more on the specifics of the plan.

Trump has been touting the idea of a middle-class tax cut since the 2018 midterm election, and more recently since the 2020 election year has begun.

White House National Economic Council Director Larry Kudlow said last week that tax cut 2.0 could be unveiled in the summer months.

Kudlow said the White House is considering a payroll tax cut and an expansion of the earned income tax credit. He said the new tax cut could spur consumer growth and help the middle class prosper.

However, Trump told reporters back in 2017 that tax cuts were "going to be one of the great gifts to the middle-income people of this country that they've ever gotten for Christmas" – it turned out that tax cuts funded by taxpayer debt allowed mega-corporations to repatriate hundreds of billions of dollars, not for CapEx purposes like what was promised, but rather a massive stock buyback binge.

With the effectiveness of the first tax cut waning, Trump has likely been advised by his economic team that the manufacturing recession has triggered an employment slowdown that could start damaging consumer spending, which is at least 68% of GDP.

The next round of supply-side tax cuts should be viewed as "emergency tax cuts" because the "greatest economy ever" is continuing to decelerate and could be seen as a last-ditch effort by the administration to push off the recession for another couple quarters.

Tyler Durden

Wed, 01/22/2020 - 09:06


Social Issues
Business Finance

Newsflash; They're already not having babies.
LA Org is the “model” for all scientology Class V level organizations — even though Miscavige made it into a Sea Org installation. Oddly, the “model” cannot be duplicated in other places in the world and it remains the only Sea Org Class V org. There used to be another one — St Hill Fdn […]
<p>With the proliferation of telemedicine, AI, and health apps, technology is making our health system more fragmented&#x2014;and may not be helping people be healthier.</p><br /><p>Last week, healthcare professionals and various stakeholders in their industry gathered in San Francisco to talk about the future of healthcare. If the JP Morgan Conference is any indication, the future is as fraught as the past.</p><p>Read Full Story</p><br /> <br />
If Martians Teleported The Davos Crowd To A Distant Moon, Who Would Mourn And Who Would Cheer?

Authored by Charles Hugh Smith via OfTwoMinds blog,

The system that has so enriched the self-serving Davos Crowd is unraveling, and technocratic tweaks, carbon trading and philanthro-capitalism can't fix what's broken.

Thought experiment: If the Martians teleported the ent

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ire Davos Crowd to a distant moon, who would mourn and who would cheer? Friends and family of the disappeared elites would of course mourn their teleportation to a Martian facility on a distant moon, but who else would mourn, other than the flunkies and apparatchiks in the corporate media?

Who would cheer? Everybody who is tired of the dominance of an elite who skims billions from the rest of us "for our own good." The Davos Crowd is focusing on climate change because they see it as the latest and greatest opportunity to add more billions to their net worth via the skimming operation known as Carbon Trading and controlling the vast capital flows into New Green Deal boondoggles.

Who would cheer? Everybody who is tired of the Davos Crowd viewing themselves as "the solution" rather than "the problem." The unprecedented concentration of wealth and power in the hands of the few in Davos isn't a problem, it's an "opportunity" because the Davos Crowd is immensely confident in the goodness and rightness of their power and control.

The Davos Crowd knows what's best for the planet, so please get out of the way and let us take care of climate change, etc. our way, which just so happens to be extraordinarily profitable for us. But that's to be expected because we're so smart and hard-working and we care.

The hubris, sanctimony, false sympathy and hypocrisy of the Davos Crowd is off the charts. Having stripmined the Earth and its workforce for their existing billions, now they want to add to their billions by "fixing" what they broke in the most profitable possible fashion.

The Davos Crowd is incapable of recognizing that the unprecedented concentration of wealth and power in the hands of the few in Davos is the core problem. The happy cover story for further exploitation and predation is philanthro-capitalism, "do-good" projects that enshrine the power of elites and engineer a status quo that continues to divert wealth to the Davos elites under the virtue-signaling cover of philanthro-capitalism.

The Davos Crowd and their vast armies of apparatchiks, toadies, apologists and technocrat flunkies don't understand why we would cheer their teleportation to a distant moon. Their right to rule (droit de seigneur) is so obvious and well, just so right that those doubting it must be sadly delusional.

The delusion is in Davos. The system that has so enriched the self-serving Davos Crowd is unraveling, and technocratic tweaks, carbon trading and philanthro-capitalism can't fix what's broken.

*  *  *

My recent books:

Audiobook edition now available:
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(Kindle $6.95, print $11.95) Read the first section for free (PDF).

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The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).

*  *  *

If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via

Tyler Durden

Wed, 01/22/2020 - 08:15




[Cedric and Biscuit]

For the second time, Cedric Bixler-Zavala and Chrissie Carnell Bixler are burying a dog whose death they blame on a Church of Scientology harassment campaign.

The rock singer (Mars Volta, At The Drive In) posted an image to his Instagram account last night of ground beef that had been laced with rat poison and [...]

Chinese Officials Warn Of "Virus Mutation Spreading" - 440 Cases Confirmed, 9 Dead

Update (2130ET): North Korea has temporarily closed its borders to foreign tourists, two major operators of tours to the isolated country said, in an apparent effort to seal itself off from a new virus causing global health worries.

*  *  *

Update (2115ET): Chinese officials have ju

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st held a press conference that was anything but the usual CDC "everything's ok" statement. The particularly ominous warning that the virus is mutating and spreading is perhaps due to the poor handling of the SARS breakout in 2002/3 which was marked by cover-ups and official reluctance to share information.

Li Bin, vice head of China's National Health Commission, confirmed there are 440 confirmed coronavirus cases in this new outbreak and there have been 9 deaths. Some 1,394 patients are under medical observation.

Officials also confirmed Wuhan airport will have screening equipment (and Wuhan citizens have been asked to limit travel) and a nationwide monitoring system is being put in place (one wonders if the social credit score will go down if a citizen contracts the deadly disease).

Finally, the officials said that they will disclose information in a timely and public way and are doing their best to curb the spread of the disease.

And all of this is happening as hundreds of millions prepare to travel for the New Year's celebrations.

“A wave of panic has struck,” said Zhuang Jiapeng, a fund manager at Shenzhen JM Capital Co. “People may feel the urge to bolt after northbound saw its largest selling in months -- foreign buying has been perceived as something of a safety valve. With the virus spreading, there may be a real impact on consumption during the holidays.”

Long facemasks; Short rats (2020 is year of the rat).

*  *  *

Update (1920ET): Just like we saw during past outbreaks of disease in China, a panicked population has bought up face-masks at such a frantic rate that several of their unscrupulous countrymen have resorted to gouging.

American brand 3M, a popular manufacturer of facemasks in China, has already sold out on its official online stores on e-commerce platforms Taobao and .

Meanwhile, guards at the Wuhan airport pointed electronic thermometers at travelers, with plans to segregate anybody showing a fever, an early symptom of the virus.

Several unscrupulous sellers who bought up masks en bulk are now managing to sell them for more than 10 times their original price. Some retailers were selling the masks for as much as 40 yuan ($7), a more than 10-fold mark-up. Users of Weibo, a Chinese social network similar to Twitter, warned anybody planning to travel to instead consider staying home, and repeatedly washing their hands.

According to certain sites that track prices of Chinese goods, the masks typically sell for 53 cents.

At one pharmacy in Shanghai, a shopkeeper named Liu Zhuzhen said more than 100 people had bought masks by noon on Tuesday. They sold out again after a re-stocking.

* * *

Update (1600ET): Beijing, Shanghai, Tianjin, Zhejiang, Henan, Chongqing, Hong Kong, Bangkok, Seoul, Tokyo, Brisbane, Taipei - and now Washington State.

The viral pneumonia-like lung illness first discovered late last year in Wuhan, a mid-sized Chinese city in the center of the country, has Beijing's leadership - who are already grappling with slowing economic growth and continuing trade pressure from the US - very much on edge.

It's clear now that Beijing's initial response to reports of a new SARS-like virus was to dissemble. After initially insisting that there was no evidence that the virus could be spread by humans, health officials have now admitted that they were "wrong", and that human-to-human transmission is possible, meaning that there's no telling yet just how contagious this thing really is.

It's already spread rapidly: In just a few weeks, it's gone from a few isolated cases in Wuhan to nearly 300 confirmed cases, not just in Greater China, but also across the Asia-Pacific region, and now in the US. The fact that the CDC has already identified the first case in Washington State suggests that this is an aggressive pathogen, and health officials are duly concerned.

It has already confounded expectations. The fact that 139 cases - roughly half the total number reported - were only just identified over the weekend is especially unnerving, because now infected hosts have had time to scatter back to wherever they're from, potentially spreading the virus across the planet.

According to Bloomberg, the US case has been revealed to be a man in his 30s who returned to the US last week, but not before visiting a public market in Wuhan...

The sudden spike in cases has prompted airports in the US, Australia and elsewhere to tighte illnesses has prompted tightened borders and a rapid attempt to trace contacts of those who have become ill.

On Wednesday, the World Health Organization will decide whether this crisis qualifies as a public health emergency of international concern, a label signifying only the most complex pathologies with the potential to cross borders. The WHO could recommend that travel be restricted, or that global governments take other drastic measures.

With global health officials on high alert, local authorities in Wuhan have announced that the city has 800 hospital beds ready in three separate designated care hospitals, and it's ready to have 1,200 prepared at short notice, according to local media reports.

With the Chinese New Year travel season about to begin, many fear that millions of Chinese traveling abroad or internally for vacation will help the virus spread at an exponential rate. Chinese health officials have played down the possibility of this. But they also say they don't want to underestimate it. After all, the last major outbreak, SARS in 2003, killed 800 people.

* * *

Update (1335ET): The CDC has confirmed that a traveler from China has been diagnosed in Seattle with the Wuhan Coronavirus.

The patient, who was hospitalized with pneumonia last week, recently had traveled to Wuhan, China, where the outbreak appears to have originated, federal officials have found.

Officials declined to identify the patient, who was said to be quite ill.

Additionally, on a conference call, the CDC confirmed it expects more US cases to come.

The outbreak began at a market in China and now has spread to at least four other countries, and  has killed at least six people and sickened hundreds more in Asia.

Broadly speaking, stocks are getting hammered on this but there is one silver lining however, prices for flu-shot manufacturers are soaring: Nanovaricides +240%, Novavax +53%, Inovio Pharma +10%, and Vaxart +14%.

*  *  *

CNN's AnneClaire Stapleton (@AnneClaireCNN) tweeted an ominous warning:

"The US Centers for Disease Control and Prevention is expected to announce this afternoon that the first case of Wuhan coronavirus has been reported in the United States, in Washington state, a federal source outside the CDC tells CNN."

And the market reacted rapidly...

Transports are the worst hit on the day, already suffering from coronavirus fears overnight...

Can The Fed just print up some anti-virus?

As we detailed earlier, the global risk-off wave had started in the overnight hours of Monday as the full extent of the Chinese coronavirus scare became apparent to traders, has rolled into the cash session Tuesday with airline, casino and gaming, hotel, and travel stocks, taking a leg lower.

Delta Air -3.50%, United Airlines Holdings -3.20%, Southwest Airlines -1.5%, and American Airlines Group -2.50%, were all sold as the outbreak may crimp global air travel during the upcoming Lunar New Year holiday period.

Investors dumped Wynn Resorts -4.45%, Las Vegas Sands Corp -4%, and MGM Resorts International -3%, as the virus threatens to decrease foot traffic. 

Hotels were also sold, Wyndham Hotels and Resorts -1%, Choice Hotels International -1%, and Extended Stay America -1%.

Travel stocks were dumped, Expedia Group -1%, Booking Holdings -2.20%, TripAdvisor Inc -1%, and -10%.

Investors are unloading sensitive travel stocks because confirmed cases of coronavirus have tripled since Monday and spread to other countries around China with the risk of spreading across the world. 

Fears of a 2002-03 outbreak of SARs has been on everyone’s mind to start the week – and with a Lunar New Year holiday fast approaching – the spread of the virus could broaden in the days ahead.

Travel sensitive stocks have taken a beating in Asia, Europe, and the US – basically across the world on Tuesday, as investors brace for new cases of the virus that is quickly spreading.

Could this mean world stocks are due for a pullback? 

Tyler Durden

Wed, 01/22/2020 - 04:25
<p>Brainstorming has gotten a bad rap, and some critics say that it encourages groupthink. However, if you do it properly, you can generate incredible results for your company. </p><br /><p>If we compiled most company &#x201C;about us&#x201D; pages into a Bingo game, we&#x2019;d fill the cards with words like &#x201C;innovation, creativity, and passion.&#x201D; These are all wonderful traits. Modern companies need to innovate, and creativity is a powerful tool. There&#x2019;s just one problem: workers are overwhelmed.</p><p>Read Full
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Story</p><br /> <br />
"No Chinese Allowed": Hysteria Grips Asia As Millions Travel Amid Viral Outbreak

On Wednesday, health officials in China once again announced a sharp increase in the number of reported cases of the mysterious new coronavirus that is now confirmed to have caused at least nine deaths, as we reported last night.

As hundreds of millions of Chinese leave the country for vacation destinations abroad - all part of what the NYT described as the largest

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human migration on Earth - the hysteria has reached a fever pitch.

In Japan, one shopkeeper in the mountain town of Hakone (a popular vacation destination) has been heavily criticized for hanging a sign outside his door reading 'no Chinese allowed'. The full message displayed on the sign (pictured below) reads: "No Chinese are allowed to enter the store...I do not want to spread the virus."

According to the SCMP, the as-yet-unidentified owner of the confectionery store told the Asahi newspaper that he used a translation application to write the message in Chinese, adding, "I want to protect myself from the virus and I don’t want Chinese people to enter the store."

Japanese tourism officials apologized for the shopkeepers' actions after he was roundly criticized on social media.

Shin Hae-bong, a professor of law at Aoyama Gakuen University, said the store owner was not breaking the law, as Japan doesn't have any laws against discrimination on the books.

And while Chinese tourists could try to take him to court, that would take some time.

"This is obviously wrong, but the only thing that could be done would be for a suit to be filed as many Japanese courts have in recent years ruled against places that bar people based on their nationality," she said.

"The courts have, in those cases, used the International Convention on the Elimination of All Forms of Racial Discrimination for the basis of their rulings."

Meanwhile, back in Wuhan, Chinese officials are taking drastic measures to try and contain the spread of the virus from the city where it was first discovered. Stocks steadied as China’s National Health Commission detailed its plan of action for stopping the virus's spread. According to Bloomberg, health officials said China has stepped up monitoring of transportation links and ordered a near-complete shutdown of the central city of Wuhan, where the virus originated. Officials acknowledged, however, that they’re still grappling to understand the pathogen, which has infected multiple medical workers.

"We are still on a learning curve," said Gao Fu, head of Chinese Center for Disease Control and Prevention. "The disease will continue to develop," he said, adding that it has already changed from its early stages of detection.

However, while Beijing continues with its transparency act to try and calm the panic, China's Weibo users have been expressing their disappointment in their government in unusually blunt terms (considering the amount of censorship that goes on). Users on Weibo and WeChat complained about being left in the dark, and accused the government of endangering lives by waiting to disclose that the virus can travel between humans.

Overnight, the first instances of the virus were reported in Macau, and according to the SCMP, health authorities in Hong Kong are carrying out their third test to confirm that a patient from Wuhan is indeed infected with the virus.

Some 440 cases of the SARS-like virus have been confirmed so far across 13 Chinese provinces. China's medical authorities have 1,394 patients are under medical observation.

All of the deaths so far have been from Wuhan, a city of 11 million people at the center of the outbreak. They include eight men, aged 61 to 87, and one 48-year-old woman. Almost all of those who have succumbed to the virus had preexisting medical conditions.

The most up-to-date map from the NYT (which still doesn't reflect all of the known cases) illustrates just how far the virus has spread both within China, and abroad.

Following confirmation from the CDC that the first case of the virus had been diagnosed in the US, President Trump said during an interview from Davos that his administration has everything "totally under control."

We're still waiting to see if the WHO, which is meeting Wednesday, will declare the outbreak a dangerous pandemic. The outbreak began in a seafood and poultry market in Wuhan, a city of 11 million in central China. Nine have died already. But how many more will succumb before this latest viral plague is contained?

Tyler Durden

Wed, 01/22/2020 - 06:03
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