Democratic Sen Ron Wyden Fumbles A Simple Question – Reveals More Than He Should

Sen. Ron Wyden (D-OR) refused to deny a concerted Democratic effort to deploy “delay tactics” during an interview with CNN’s Kate Bolduan on Wednesday.

Bolduan pressed the Senator from Oregon about the recent comments from Democrats concerning past FBI checks into Kavanaugh.

“Can you say when it comes to this new suggestion from Democrats tonight about the past background checks, can you say to me with 100% confidence that this late move is not a delay tactic?” Bolduan asked.

“I can’t comment on that,” Wyden replied.

Bolduan pressed Wyden on his refusal to answer her question directly. “There was a new allegation that came forward and another hearing on that and now because of that, there’s a new investigation. If there was a problem that Democrats were aware of before even the first hearing on Brett Kavanaugh, in these past background checks, why wasn’t it addressed at the time?” she asked.

“I’m not familiar with the past background checks, but I can tell you what I saw last week,” the Senator vaguely replied in conclusion.

The White House is expected to receive a report from the FBI concerning its investigation into Brett Kavanaugh’s background, with Republican leadership vowing to hold a vote on his confirmation sometime this week.

https://dailycaller.com/2018/10/03/cnn-bolduan-kavanaugh-wyden/

"The Deception Is About To Catch Up" : David Einhorn Unleashes On Elon Musk, Compares Tesla To Lehman

As we reported over the weekend, it was another bad quarter - and bad year - for David Einhorn's Greenlight, who in his latest just released letter to investors writes that he had "another difficult quarter and lost an additional (9.1)%, bringing the Greenlight Capital funds’ (the “Partnerships”) year-to-date loss to (25.7)%."

And while the letter lists the fund's various recent stock dispositions, including the sale of its last Apple shares, the exit of its multi-year long in Mylan, liquidating its stakes in Micron and Twitter, covering its 11 year old short in Martin Marietta, an amusing analysis on profitless companies…

The current market view is that profitless companies with 20-30% top-line growth are worth 12x-15x revenues, while profitable companies that lack that level of opportunity are worth only 5x-8x after tax earnings. As an arithmetic exercise, if you pay 12x revenues for a company that eventually makes a 10% after tax margin and trades at a 20x P/E, the company has to sustain a 25% growth rate for 8 years for you to break even, and for 12 years for you to make an 8% IRR (requiring 15x revenue growth). If the company is increasing the share count by paying employees in stock, the math gets worse.

… and so on (see full letter below for full details), what was most remarkable in Einhorn's latest letter was his aggressive, all-out attack on Elon Musk, and Tesla, which he minces no words and compares to Lehman Brothers.

We present the full excerpt below:

While it hasn’t led to great returns so far, our opinion expressed in 2016 that General Motors (GM) will likely earn its market capitalization before Tesla (TSLA) makes its first annual profit seems well on its way to coming true. Speaking of GM and TSLA, during the market discussion about whether TSLA should go private, Catherine Wood of ARK Investment Management, one of TSLA’s most vocal shareholders, explained why TSLA could be worth $4,000 a share or $900 billion and provided an analysis to back it up.

The interesting thing about the analysis is that 84% of the value came from the assumption that TSLA would be operating a platform of three million robo-taxis in 2023. As of today, TSLA hasn’t even announced a plan to enter the robo-taxi business, nor is it possible for the company to develop the manufacturing capability to make 3 million robo-taxis within five years. Setting that aside, GM Cruise has made significant progress towards developing robo-taxis and expects to launch commercial service in 2019. All of GM is worth $48 billion or about 6% of what ARK claims to be the value of TSLA’s robo-taxi opportunity. Recently, Honda invested $750 million into GM Cruise at a headline valuation of $14.6 billion. However, when you peel back the deal, Honda plans to contribute an additional $2 billion over 12 years for non-exclusive technology rights – e.g. the right to be a customer. To the extent Honda’s support could be thought of as equity, Cruise’s implied valuation could reach up to $50 billion. As a result, GM Cruise’s development is in the traditional sense: funding secured!

In thinking through TSLA more, it brings us back to Lehman, which went bankrupt 10 years ago. One of our key insights into Lehman was that the company had faced a credit crunch in 1998, bluffed its way through and got away with it. In fact, rather than facing regulatory, legal or even market consequences for failing to own up to reality in 1998, the company was rewarded when its business turned. This emboldened management to be even more aggressive during the next credit crunch in 2007 and 2008.

Lehman threatened short sellers, refused to raise capital (it even bought back stock), and management publicly suggested it would go private. Months later, shareholders, creditors, employees and the global economy paid a big price when management’s reckless behavior led to bankruptcy. The whole thing might have been avoided had the authorities cracked down on Lehman in 1998.

https://www.zerohedge.com/news/2018-10-05/deception-about-catch-david-einhorn-unleashes-elon-musk-compares-tesla-lehman

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TED MALLOCH on Eurabia in Europe

Europe is full of ‘Last men’ (and perhaps women, I suppose we are now forced to say, given the incessant demand for political correctness).

Why is this so and who will come to dwell in these territories Europeans have hitherto called — home?

We are not talking about some imaginary seven kingdoms, as in the legendary but fictional television series, Game of Thrones, either.

The point of contention is about a real place, with real peoples, and real nations that have existed for centuries on end, perhaps thousands of years—called Europa.

Trends on immigration suggest what can only be termed, a self-imposed European death wish.

Look at any demographic map, preferably an interactive color one.

Of the 7.5 billion people presently on this earth, the vast majority, mostly in the southern hemisphere, and who are generally poor and backward, are trying to get to the northern hemisphere, where there are greater opportunities and very generous welfare states.

In recent polls 7 out 10 people from these lands say, given the chance, they want to flee their plight.

The last decade has seen more refugees, migrants and economic immigrants than at any point in human history: hundreds of millions. And it continues unabated.

They are dying in transit, drowning on the Mediterranean Sea, crossing arid desserts, on the back of trucks, and in cargo holds.

Human trafficking is big business.

The International Organization for Migration estimates that more than 1,000,000 migrants arrived in Europe by sea in each of the last three years, and tens if not hundreds of thousands more by land.

The numbers are astounding and only increasing.

Some 5000 new migrants arrive on the shores of Italy alone every day. Well they did, until recently, when Matteo Salvini won an election and became deputy prime minister and minister of the interior.

The US estimates it is now also populated by millions of illegal and undocumented immigrants.

In fact, about one-fourth of the 42.4 million foreign-born people living in the United States today are illegal immigrants – this amounts to roughly 10.5 million, according to an objective by the study by Center for Immigration Studies. A Yale study recently put the number at more than twice that amount.

Geostrategists cannot comprehend billions (yes, potentially billions) of people moving from South to North.

They can’t comprehend the risk or the total effects of this — world without borders.

Yet it is something that globalist political leaders actually seek and actively endorse.

https://www.thegatewaypundit.com/2018/10/ted-malloch-on-eurabia-in-europe/

Danske Bank Shares Plummet As More Details On $234 Billion Money Laundering Scandal Emerge

Shares of Danske bank tumbled on Friday, adding to an already sizable decline so far this year, following a Financial Times report which revealed that the bank - which has become embroiled in one of the largest money laundering scandals in European history - also executed "mirror trades" for Russian clients, raising the possibility that the bank is facing even more serious fines and sanctions.

Danske Bank executed up to €8.5 billion ($9.8 billion) in mirror trades for Russian customers in a single year, according to an internal memo cited by the FT. The memo raises "new insight into the scale and tactics behind its €200 billion money-laundering scandal." Deutsche Bank's Moscow desk also used mirror trades - wherein the same party takes both sides of a trade, selling in rubles then buying in dollars - to help criminals move money out of Russia, an activity for which it was fined more than $600 million. The bank earned some 10 million euros from the trades, it said.

https://www.zerohedge.com/news/2018-10-05/danske-bank-shares-plummet-more-details-234-billion-money-laundering-scandal-emerge

==Give It a Rest, Pocahontas=Elizabeth Warren: Judge Kavanaugh Is a “Hitman” who Wants to “Dismantle Our Civil Rights”==

Give it a rest, Pocahontas!

Elizabeth Warren went on the warpath on Friday in her latest fundraising letter by MoveOn.org.

Warren attacked and smeared Judge Brett Kavanaugh as someone who whined, ranted, raved, and spun conspiracy theories and who acted like someone who thought he was entitled to the seat.

Warren added that Kavanaugh was a political hitman who acted like he was entitled to power.

Democrats are very upset that Brett Kavanaugh defended himself from the uncorroborated last-minute attacks and smears by the Democrat party. They wanted him to accept the fraudulent smears on his character and withdraw his nomination to the highest court.

Warren is fundraising off of the horrific assaults on Brett Kavanaugh.

From today’s MoveOn.org email.

https://www.thegatewaypundit.com/2018/10/give-it-a-rest-pocahontas-elizabeth-warren-judge-kavanaugh-is-a-hitman-who-wants-to-dismantle-our-civil-rights/

Former Police Officer Charged In Second Case Of Kik Child Exploitation This Week

Kik was implicated yet again in a case of child exploitation, the second case this week alone. This time, two men from Joplin, Missouri (one a former police officer) were charged for sexual exploitation of children. The two men, Gary McKinney, 43, and Anthony Helsel, 31, had separate complaints facing them but the charges were related. McKinney is in federal custody as he awaits a detention hearing October 10, 2018. Helsel is awaiting detention hearing that will occur October 9.

thegoldwater.com/news/38503-Predator-Uses-Kik-App-To-Lure-Young-Models-For-Exploitation

McKinney was charged today. McKinney had been an officer with the Joplin Missouri Police Department for nearly seven years until May of 2006 and served elsewhere after, also as a law enforcement officer.

Both men were charged with receiving and distributing child pornography through the internet. Helsel also faces a charge of using a minor to produce child pornography. The case was busted thanks to a CyberTip from the National Center for Missing and Exploited Children. Facebook reported that Helsel had uploaded the sexual assault of a 4-year-old child.

An undercover officer contacted Helsel via the Kik messaging application at which time Helsel allegedly offered to send child sexual exploitation material to him and other members of a Kik group. When the officer received the files a search warrant was issued for Helsel's home at which point his cell phone was seized.

thegoldwater.com/news/38007-Real-time-Grooming-Predatory-Commenters-And-Kingpin-Child-Abusers-Run-Free-At-YouTube

Helsel admitted to his sexual abuse of the 4-year-old victim and that he had taken videos and still images during the assault. Helsel added that he had been in contact with another user on Kik, the former police officer McKinney. At this point, Helsel's Kik account was commandeered by law enforcement and the Helsel decoy set out to speak with McKinney.

Forensic examination of Helse's cell phone revealed that messages between McKinney and Helsel included transfer of child pornography. A search warrant for McKinney's home was issued on October 3. McKinney's phone revealed the use of the messaging application Telegram had also been used to facilitate conversation related to child abuse and exchange of child pornography.

The Joplin Police Department issued the following statement: “We take these types of crimes and the safety of children in our community very seriously. We will always insure that we do the right thing to intervene in these cases, regardless of who the people involved are. This case is no different."

As we mentioned in the other article about child exploitation and abuse being shared on and facilitated by Kik, the problem has been known for some time. Forbes did an undercover investigation over a year ago after which Kik promised to attempt to make the platform safer for children even volunteering to earmark $10 million (10% of their $1B valuation) to invest in doing so. A month after the first undercover investigation a reporter with Forbes was able to find 10 groomers in under 2 hours.

The bust was coordinated as a part of the DOJ's Project Safe Childhood which coordinates federal, state and local authorities to identify and rescue victims of child sexual exploitation and abuse. To contact Project Safe Childhood or access information and resources, you can visit justice.gov/psc>justice.gov/psc. If you'd like to learn more about the growing problem of child exploitation through social media, apps and platforms like YouTube you can learn more or get involved by visiting exposingexploitation.com

thegoldwater.com/news/25038-Pedophile-Maryland-Teacher-Used-Social-Media-to-Produce-Child-Pornography

You can also learn more about Project Safe Childhood by visiting the Department of Justice web page justice.gov/psc for more information on internet safety or to contact the PSC.

http://www.thegoldwater.com/news/38743-Former-Police-Officer-Charged-In-Second-Case-Of-Kik-Child-Exploitation-This-Week

91 Percent of Apple Contributions Went to Democrats

According to a new GovPredict study released Thursday, Apple employees heavily favored Democrats in their contributions for local, state, and federal elections. In all, 91 percent of their political giving went to Democrats, with only 9 percent going to Republicans between 2004 and 2018.

Since 2004, 95.5 percent of contributions by Apple employees to local political action committees (PACs) went to Democrats and only 4.5 percent went to Republicans. Since 2010, 91 percent of Apple employee contributions to state PACs went to Democrats. Since 2014, 100 percent of Apple employee gifts to partisan 527 organizations went to Democrats. Since 2004, 90.5 percent of Apple employee contributions to federal PACs went to Democrats.

GovPredict study screenshot showing Apple political contributions by employees.

Overall, 91 percent of Apple employee political contributions went to Democrats, while only 9 percent went to Republicans.

Among the top seven PACs to receive funds from Apple employees, six are liberal or Democrat. The Democratic National Committee took the lion’s share with $681,123, while the Democratic Congressional Campaign Committee took second with $116,972, and the Democratic Senatorial Campaign Committee took $70,041. Emily’s List came next, with $62,925. Only then came the Republican National Committee with $31,778

https://truepundit.com/study-91-percent-of-apple-contributions-went-to-democrats/

Now this is transparency! NATO to deploy 45,000 troops near Russian border, calls it 'defensive'

Amid ceaseless accusations of Russian aggression, NATO will deploy 45,000 troops to Northern Europe in what will be the alliance's largest "defensive" exercise since the end of the Cold War.

Fifty aircraft, 70 vessels, and around 10,000 land vehicles will take part in NATO's Trident Juncture 18 drills, which are set to begin on October 25, with live field exercises continuing until November 7. Thirty-one allied countries and partners are slated to participate.

Secretary General Jens Stoltenberg described the massive military maneuvers as "defensive and transparent," adding that all members of the Organization for Security and Co-operation in Europe (OSCE), including Russia, had been invited to send observers.

The drills will simulate the defense of a member state being attacked by a "fictional" aggressor, but the drills' set locations in Norway, Finland, and Sweden leave little to the imagination. Observers have noted this setting of this year's drills may have been prompted by the growing struggle with Russia for control of the strategically-vital Arctic.

The drills will also test the alliance's ability to operate in cold weather – but it appears that at least some NATO states failed to properly prepare their troops for the chilly Norwegian weather: Around 1,000 Dutch soldiers set to take part in the drills were asked to shop on their own for suitable warm underwear, with the Dutch government reportedly giving each soldier €1,000 (US$1,167) to stock up on warm undies.

Although it's not the first Trident Juncture exercise, this year's drills will be larger than anything seen since at least the 1991 collapse of the Soviet Union. The Trident Juncture 2015 exercises, for example, involved 36,000 international troops accompanied by 60 warships and about 200 aircraft.

NATO has significantly increased its military presence and activity along the Russian border, including in the Baltic states and eastern Europe, since Crimea's reunification with Russia and the outbreak of conflict in eastern Ukraine in 2014. In the last few months alone, the alliance has held a number of high profile drills. In June, more than 18,000 soldiers from 19 countries took part in the two-week Saber Strike exercise, held in Poland and the Baltics. Then at the end of August, Latvia hosted the biggest war games ever staged on its territory since gaining its independence. Some 10,000 troops from more than a dozen NATO countries participated in the drills.

The number of NATO troops stationed in the region has also increased. Poland has offered the US $2 billion to establish a permanent military base on its territory, and in Norway, a contingency of US Marines has been increased from 330 to 770.

Russian Foreign Ministry Spokeswoman Maria Zakharova commented earlier this week that "the escalation of NATO's military and political activity in the Arctic region, namely, in the immediate vicinity of Russia on the territory of northern Norway, hasn't gone unnoticed."

And while NATO gears up for its largest military drills in more than two decades, the alliance is also taking aim at Russia on the cyber front: A barrage of accusations against Russia over alleged government-ordered hacking was curiously timed to coincide with a NATO meeting on cyberwarfare.

https://www.rt.com/news/440443-nato-trident-juncture-russia-aggression/

‘Russian hackers’ mania spreads: Germany joins accusations against Moscow

Berlin has joined the accusatory chorus of Western countries claiming that it was “almost certain” that Russian military intelligence was behind the activities of the elusive Fancy Bear hacker group.

A day late for the party, Berlin has joined the barrage of accusations against Moscow, which – supposedly – “hacked” virtually everything.

“We have full confidence in the assessment of the British and Dutch authorities,” government spokesman Steffen Seibert said on Friday.

On Thursday, the UK and the Netherlands claimed that Russian state hackers were behind the attacks on the World Anti-Doping Agency (WADA), the Organization for the Prohibition of Chemical Weapons (OPCW) and other institutions.

The US, in turn, indicted seven “GRU operatives” for a series of alleged hacks, while Canada blamed Moscow for waging “malicious cyber-operations.”

“The government is also almost certain that the Russian GRU secret service is behind the APT28 campaign,” Seibert added.

The so-called APT28 hacker group, also known as Fancy Bear, has been repeatedly accused of having connections, or even being a unit of Russian intelligence. While little evidence is available to back up the bold claims, the main argument is that the group supposedly targets only those states and institutions which the Russian government doesn’t like.

It’s not the first time when Berlin has accused the Kremlin of waging massive hacking campaigns. The idea that Moscow might wish to tamper with the electoral process in Germany was first voiced by Chancellor Angela Merkel in November 2016.

“We already know that we have to deal with reports from Russia, also with cyber-attacks from Russian sources or even with the reports from which we are confronted to some extent with false information,” Merkel said at the time.

The government claims, however, were challenged in parliament, with an MP demanding some evidence to back up the accusations. In December 2016, Berlin was forced to admit that no solid evidence of such activities existed.

German intelligence has also claimed that the elusive “Russian hackers” carried out numerous “cyberattacks on the German Bundestag” over the past years. Then-chief of the German state security agency (BfV), Hans-Georg Maassen, however, admitted in September 2017, that it was “almost impossible for the intelligence services to find irrefutable evidence that Russia, for example, was behind the cyber-attacks on the Bundestag.”

Ahead of the 2017 general election, however, German spies sounded the alarm over imminent “Russian meddling” again. This summer, Berlin admitted it observed “a decline in Russian cyber activity possibly connected to the election.” While German spies did not bother to provide even a speck of evidence to pin this “activity” on Russia, they were not shy to give themselves a pat on the back, claiming that the said “decline” was a result of their efforts.

https://www.rt.com/news/440448-germany-accuses-russia-hacking/

NO PROOF, LOOK AT THE SUGGESTIVE LANGUAGE, THE CABAL NEEDS WAR

CEO of ‘Nonpartisan’ League of Women Voters Arrested at Anti-Brett Kavanaugh Protest

League of Women Voters CEO Virginia Kase was arrested Thursday at the U.S. Capitol for participating in an illegal anti-Brett Kavanaugh protest, along with hundreds of left-wing activists.

The League of Women Voters calls itself a “nonpartisan” organization, and is responsible for hosting hundreds of candidate forums in political races across the country this fall (and in every other election).

Far from downplaying Kase’s arrest, however, the League of Women Voters is celebrating it — though there are women on both sides of the issue of Kavanaugh’s confirmation to the Supreme Court.

The League of Women Voters tweeted approvingly:

It also issued a press release Friday touting Kase’s arrest, specifically citing the need to influence the midterm elections:

“Opposing a Supreme Court nominee was an extraordinary step for the League, and our leadership believed that we needed to back those words with action. This situation is too important to sit silently while the independence of our judiciary is threatened,” said Kase, who was hired as CEO in July. “I may be new to the League, but this organization was founded by the women who fought for women’s suffrage. They marched in the streets, disrupted the status quo, and, yes, faced arrest and punishment to advance their cause. We honor their legacy by participating in our democracy through this civil disobedience.”

Last week the board of directors took bold steps for the organization in calling for a complete FBI investigation into all allegations of sexual misconduct and Thursday they went a step farther in officially urging the Senate to reject Judge Kavanaugh’s nomination.

“The process of the Kavanaugh hearings is unlike anything we have seen in the League’s 98 years,” said Chris Carson, president of the League. “This nominee has demonstrated that he does not possess fair and unbiased judicial temperament. I am proud of Virginia and our members across the country who are standing with her.”

On Thursday the League went a step farther by participating in the protests.

“I want to take the fear out of activism,” said Kase. “This is our Capitol. These are our Senators. This is our government. It is an honor to participate in our democracy and to live our mission: Empowering Voters. Defending democracy.”

“This is a critical moment for American women,” said Carson. “With midterms a few weeks away, this is the right time and the right moment to take a stand. Women’s voices will be heard all across the country and they will be the deciding factor in 2018.”

A Harvard/Harris poll released earlier this week showed that 31% of women who are registered to vote want to see Kavanaugh confirmed. 44% of female registered voters oppose his confirmation, and 24% are undecided.

https://www.breitbart.com/big-government/2018/10/05/virginia-kase-ceo-of-nonpartisan-league-of-women-voters-arrested-at-anti-brett-kavanaugh-protest/

Donald Trump: Brett Kavanaugh Protesters ‘Paid Professionals’ by George Soros

President Donald Trump dismissed the hordes of liberal protesters flocking to the Supreme Court and Capitol Hill on Friday.

“The very rude elevator screamers are paid professionals only looking to make Senators look bad,” Trump wrote on Twitter. “Don’t fall for it!”

Trump commented on the protesters after over 300 over them were arrested by Capitol Hill police on Thursday.

“Also, look at all of the professionally made identical signs,” he wrote. “Paid for by Soros and others. These are not signs made in the basement from love!”

Some of the women who confronted Sen. Jeff Flake in the elevator and Sen. Mitch McConnell at an airport are from the Center for Popular Democracy, a protest group funded by Soros.

https://www.breitbart.com/big-government/2018/10/05/donald-trump-brett-kavanaugh-protesters-paid-professionals-by-george-soros/

'They don't do it for fun': Macron slammed for telling retirees to stop moaning about pension cuts

Emmanuel Macron is in hot water after telling his compatriots to stop moaning after a retiree complained about pension cuts. Politicians slammed the president for the lack of empathy, saying that people "don't do it for fun."

The French leader was visiting the Colombey-les-Deux-Églises commune in the north-east of the country when he was confronted by a group of locals. One pensioner addressed the centrist president complaining about pension cuts.

The president chose to respond with a bit of moralizing and referred to his formidable predecessor. "The grandson of the general [Charles de Gaulle] told me a little while ago" that his grandfather's rule was: "You can speak freely, the only thing we should not do is to complain."

Macron insisted that French wartime leader “had the right idea” and the country “would be different if everyone did the same.”

The former investment banker explained to his compatriots that people in France "don't realize how lucky" they are. "We are seeing more and more elderly people in our country in good health," he noted.

Much of the French public did not agree with Macron’s definition of “luck” and his political opponents didn’t mince their words. “Those who complain don't do it just for the fun of it but because they are the victims of non-stop tax rises and endemic insecurity,” Macron’s nemesis, and political rival during the 2017 presidential campaign, Marine Le Pen wrote on Twitter.

Macron's other presidential rival Nicolas Dupont-Aignan called the president's "arrogance" merely "unlimited.""How can he lie [to the French] by denying the decline of pensions?" he asked.

"Why do pensioners, the unemployed who struggle to find a stable job and the poor continue to complain? The head of State has to pull himself together," Valérie Boyer from the Republican Party wrote.

Thibault Fline, a counsellor who works at the National Assembly sarcastically noted that, according to Macron, if the French people stop complaining, they would "cross the street" and easily "find a job".

https://www.rt.com/news/440445-macron-stop-complaints-people/

The American Economy Added Just 134,000 Jobs in September, Unemployment Drops to Lowest Level Since 1969

The U.S. economy added just 134,000 jobs in September and the jobless rate fell to 3.7 percent, once again hitting a low level not seen since 1969.

Despite fears that trade disputes and rising tariffs could weigh on the economy, hiring continues to grow. On Thursday, the government reported that new unemployment claims fell more than expected to 207,000.

Economists had predicted the economy would add 180,000 jobs and the unemployment rate would fall to 3.8 percent.

Average hourly earnings rose 2.8 percent compared with a year ago, in line with forecasts. The average workweek was unchanged at 34.5 hours.

September included hurricane Florence, which hit North Carolina and South Carolina hard. It’s likely that took a toll on jobs for the month.

Past months were revised upward, adding 80,000 jobs. August’s report went from 201,000 to 270,000. July’s jobs rose from an initial report of 147,000 to 165,000. The twelve-month average rose to 201,000 jobs from 190,000 before today’s report.

https://www.breitbart.com/big-government/2018/10/05/the-american-economy-added-just-134000-jobs-in-september/