Victims' fury as Epstein's 'procurer' Ghislaine Maxwell stakes legal claim to his $636m estate, saying he promised to pay her legal bills and admitting she had 'special relationship' with the dead pedophile

Jeffrey Epstein's 'madam' Ghislaine Maxwell is trying to get cash from the dead child molester's estate to pay off her legal fees

The 58-year-old British socialite, who has been in hiding for months, made the claim on Friday, five days before Wednesday's deadline for such a claim

She filed paperwork in the US Virgin Islands for a piece of Epstein's estimated $636 million estate, because, she says, he promised to pay for her lawyers

Maxwell claims she 'has incurred significant legal fees, personal security costs and other expenses' because of her work for Epstein from 1999 to 2006

She describes herself as a longtime employee who had 'a legal and special relationship' with Epstein

Maxwell, the daughter of disgraced media mogul Robert Maxwell, has fallen off the grid since her ex-boyfriend was found dead in his jail cell aged 66 in August

DailyMail.com reported last August she was living with boyfriend, tech CEO Scott Borgenson in a $3m mansion in Manchester-by-the-Sea, Massachusetts

Since then, only a picture of her has appeared online, which claimed she was reading a book at an In-N-Out Burger in southern California

https://www.dailymail.co.uk/news/article-8127343/Ghislaine-Maxwell-tries-stake-claim-Jeffrey-Epsteins-636m-estate.html

BoE's Bailey To Print Unlimited Money, Tells Short Sellers "Just Stop" Amid Covid-19 Chaos

BoE governor Andrew Bailey said on Wednesday that the central bank stands ready to pump unlimited amounts of money into the economy.

Speaking to journalists on a conference call, quoted by Financial Times, Bailey said the central bank is prepared to pump liquidity into markets via its new commercial paper facility. He said this would limit economic damage produced by the virus crisis.

He told members of the financial community that they must stop 'exploiting' vulnerable business by betting against them:

"Anybody who says, 'I can make a load of money by shorting' [aggressively betting on the value of specific companies continuing to fall] which might not be frankly in the interest of the economy, the interest of the people, just stop doing what you're doing."

Bailey made it clear that financial markets will remain open as a sign of confidence. He said firms who are thinking of reducing staff must reconsider because support from the central bank and government can lessen the shock.

He urged firms to "stop, look at what's available, come and talk to us [or] the government before you take that position," adding that support will be supplied to citizens as well.

The hardest-hit UK industries have so far been airliners, retailers, restaurants, movie theaters, and much of the services industry, as it has completely ground to a halt as the government enforces social distancing measures to flatten the curve to slowdown infections. As of 2018, the services sector accounted for at least 80% of the UK economy.

Baily said emergency loans have been available by the central bank to companies that have already fired employees. He told BBC News:

"I would emphasise the point that it's critical that we support the needs of the people in the country."

Baily took the reins from Mark Carney at midnight on Monday and has already faced an economic crisis on par to a decade ago as helicopter money is now needed to save the economy from crashing.

"This is a crisis we're all in. It's an emergency situation," Bailey said.

The BoE is expected to cut interest rates from .25% to .10% and resume quantitative easing when it meets next week. Bailey isn't a supporter of NIRP and has pushed measures to shield businesses and workers from virus impacts.

https://www.zerohedge.com/markets/boes-bailey-print-unlimited-money-tells-short-sellers-just-stop-amid-covid-19-chaos

China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind

Things might be going from bad to worse for Elon Musk and his merry band of alternative energy cultists in China. While Musk is currently in the midst of criticism from the Chinese government related to a bait and switch he is pulling on vehicle hardware (while blaming the coronavirus), the Chinese government appears to be set on slashing additional alternative energy subsidies in 2020.

China is going to cut its budget for new solar power plants in half this year and plans on completely ending handouts for offshore wind farms, according to Caixin.

It is the latest in a string of moves by the Chinese government to cut support for renewable energy. The attitude has shifted in recent years as manufacturing costs have dropped. The government now seems focused on getting renewable energy to stand on its own.

On Tuesday, China's National Energy Administration (NEA) announced it had cut this year’s subsidies for new solar power projects by 50% to 1.5 billion yuan ($215.8 million). "Of the total, it has earmarked 1 billion yuan for large solar projects, which will be divvied out through auctions. The remainder will be used for residential solar systems," Caixin reports.

China is also doing away with subsidies for new offshore wind farms this year and is ending subsidies for new onshore projects in 20201.

Shi Jingli, a professor at a research institute under China’s top economic planner said: "Cutting subsidies for new renewable energy projects is a reasonable measure to allocate funds more wisely. The generous subsidies given to offshore wind farms over the past few years have weighed on the central government’s finances and caused severe deficits in subsidy funding."

https://www.zerohedge.com/energy/china-takes-axe-alternative-energy-funding-slashing-subsidies-solar-and-wind