Madness

Trump Ally Milei Threatened With Impeachment Over Crypto Stunt

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Original article by Olivia Rosane republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Argentina’s President Javier Milei (C) attends Donald Trump’s inauguration as the next President of the United States in the rotunda of the United States Capitol on January 20, 2025 in Washington, D.C. (Photo: Shawn Thew – Pool/Getty Images)

“Look where you brought us with your madness! You turned Argentina into a casino where the croupier is the president himself,” one opposition politician said.

Argentina’s far-right libertarian President Javier Milei faces legal challenges and calls for impeachment after a cryptocurrency he touted on social media over the weekend rapidly rose and then tanked in value.

Milei first promoted the $LIBRA coin from his personal account on X Friday night, which then skyrocketed in value to $5 apiece, according to Reuters. Within hours, however, the coin’s value plummeted to under $1. Milei deleted his initial tweet five hours after he first posted it, The New York Times reported, writing in a new post that he was “not familiar with the details of the project.”

“We just witnessed one of the fastest and largest destructions of wealth in retail trading history,” noted The Kobeissi Letter, which tracks capital markets, in a social media post. “Argentina’s memecoin, $LIBRA, erased -$4.5 billion of retail capital in seven hours. Truly destructive.”

https://twitter.com/KobeissiLetter/status/1890631643351675006?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1890631643351675006%7Ctwgr%5Ef1ffbab011e3d70f6ca4d19a928a0444a743615b%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.commondreams.org%2Fnews%2Fmilei-trump

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Xitter

In the first 40 minutes after Milei first tweeted boosting the coin, its value rose by more than 2,000%, CoinDesk reported. However, it then began to fall as early investors sold their shares, eventually plummeting 95% from a maximum value of $4.4 billion.

Crypto experts warned the $LIBRA coin, which was developed by KIP Protocol and Hayden Davis, could be a “rug pull,” a scam in which a crypto developer launches and inflates a coin only to pull out and leave investors hanging.

“Milei’s participation in the crime of crypto fraud is extremely serious,” the Lower House bloc of the Peronist Unión por la Patria, a center-left opposition group, wrote on social media Saturday. “It’s a scandal without precedent. Our bloc of national deputies has decided to move forward with presenting an impeachment request against the president of the nation.”

Opposition lawmaker Leandro Santoro further called Milei’s actions a “scandal, which embarrasses us on an international scale” and “requires us to launch an impeachment request against the president.”

On Sunday, Socialist Party lawmaker Esteban Paulón also called for impeachment proceedings.

“If as a president of a country you propose something for private benefit there is an obvious conflict of interest.”

On Monday, Argentina’s benchmark S&P Merval had fallen by 4%, according to Reuters. The incident sparked more than 100 legal complaints, which were assigned to Federal Judge Maria Servini on Monday.

One case was brought by a coalition of lawyers involved in the Right to the City Observatory think tank as well as economist and former Argentine Central Bank President Claudio Lozano. The group accused Milei of fraud, dereliction of duty, and criminal association, according to theBuenos Aires Herald.

An official statement from the president’s office on Saturday said that Milei had met twice with the developers of $LIBRA and had decided to promote the coin “as he does daily with many entrepreneurs who want to launch a project in Argentina to create jobs and obtain investments.”

“Not having been part of any instance of the development of the cryptocurrency, after the repercussions that the launch of the project had and to avoid any speculation and not give it further dissemination, he decided to delete the post,” the statement continued, adding that the president had asked the Anti-Corruption Office to investigate whether he or anyone else in the government engaged in “improper conduct.”

However, the lawyers challenged Milei’s account, according to the Buenos Aires Herald:

In their report, the lawyers dispute Milei’s subsequent claims that he was not aware of the project’s details. They highlight that the president made his post just three minutes after $LIBRA was launched, timing that indicates he knew it was coming before it was announced. They also argue that, as an economist, it is unlikely that he did not understand the details of the project he was sharing.

In a post addressed to Milei directly, former President Cristina Fernández de Kirchner heavily criticized the current president for painting himself as an expert yet claiming innocence of the scheme.

“Weren’t you the ‘best president in history’? Weren’t you the ‘genius of the economy’? From self-proclaimed ‘global leader’ to CRYPTO SCAMMER,” de Kirchner wrote.

“Look where you brought us with your madness! You turned Argentina into a casino where the croupier is the president himself,” she continued. “THAT IS YOUR MARKET FREEDOM… that of the casino. Your mask has fallen off.”

While experts say impeachment efforts are unlikely to succeed, the incident could harm Milei in the upcoming midterm elections.

“It is extremely serious if confirmed, especially in terms of a president’s powers to promote something private,” left-wing Mexican President Claudia Sheinbaum told Reuters. “If as a president of a country you propose something for private benefit there is an obvious conflict of interest.”

The scandal drew comparisons to U.S. President Donald Trump, who also launched a meme coin shortly before taking office, the value of which also first rose and then fell dramatically. Milei has expressed support for Trump in the past, while Elon Musk has taken inspiration from Milei’s chainsaw-wielding approach to government for his ideologically-driven anti-government effort Department of Government Efficiency.

Original article by Olivia Rosane republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Power-mad orange gasbag Donald Trump says Burn, Baby, Burn.
Power-mad orange gasbag Donald Trump says Burn, Baby, Burn.
Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.

Continue ReadingTrump Ally Milei Threatened With Impeachment Over Crypto Stunt

US Healthcare Workers Back From Gaza Tell Harris and Biden: ‘End This Madness Now’

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Original article by JAKE JOHNSON republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Palestinians wounded by Israeli attacks are brought to Nasser Hospital for medical treatment in Khan Younis, Gaza on July 22, 2024. (Photo: Doaa Albaz/Anadolu via Getty Images)

“Every day that we continue supplying weapons and munitions to Israel is another day that women are shredded by our bombs and children are murdered with our bullets.”

As President Joe Biden and Vice President Kamala Harris met with Israeli Prime Minister Benjamin Netanyahu at the White House on Thursday, dozens of American healthcare workers who recently volunteered in the Gaza Strip urged the U.S. leaders to do everything in their power to end Israel’s assault on the enclave, citing the horrors they witnessed firsthand.

In an open letter addressed to Biden, Harris, and First Lady Jill Biden, 45 physicians, surgeons, and nurses wrote that “we wish you could see the nightmares that plague so many of us since we have returned: dreams of children maimed and mutilated by our weapons, and their inconsolable mothers begging us to save them.”

“We wish you could hear the cries and screams our consciences will not let us forget,” the letter reads. “We cannot believe that anyone would continue arming the country that is deliberately killing these children after seeing what we have seen.”

The healthcare workers called on the Biden administration to “withhold military, economic, and diplomatic support from the state of Israel and to participate in an international arms embargo of both Israel and all Palestinian armed groups until a permanent cease-fire is established, and until good-faith negotiations between Israel and the Palestinians lead to a permanent resolution of the conflict.”

“We are not politicians. We do not claim to have all the answers,” they continued. “We are simply physicians and nurses who cannot remain silent about what we saw in Gaza. Every day that we continue supplying weapons and munitions to Israel is another day that women are shredded by our bombs and children are murdered with our bullets. President Biden and Vice President Harris, we urge you: End this madness now!”

The letter was released as Netanyahu, fresh off his widely condemned address to the U.S. Congress, met separately on Thursday with Biden and Harris, the presumptive Democratic presidential nominee.

In remarks following her meeting with Netanyahu, Harris said that “what has happened in Gaza over the past nine months is devastating,” pointing to “the images of dead children and desperate, hungry people fleeing for safety, sometimes displaced for the second, third, or fourth time.”

“We cannot look away in the face of these tragedies,” the vice president added. “We cannot allow ourselves to become numb to the suffering. And I will not be silent.”

Harris said she told Netanyahu directly to “get this deal done”—referring to a cease-fire agreement with Hamas—but, as expected, she did not break with the administration on supplying arms to the Israeli military.

While there has been no obvious policy change from the administration now that Harris has taken over for Biden at the top of the Democratic Party’s presidential ticket, Trita Parsi of the Quincy Institute for Responsible Statecraft argued that the vice president “clearly broke with Biden on Israel in terms of rhetoric and tone.”

Parsi also contended that there was “a substance shift.”

“Biden has disingenuously claimed that Hamas blocked a cease-fire deal,” Parsi wrote on social media. “By saying that she urged Netanyahu ‘to clinch the deal,’ Kamala pointed to the real obstacle.”

In their letter to Harris and Biden, the healthcare workers wrote that Israel “has directly targeted and deliberately devastated Gaza’s entire healthcare system” and “targeted our colleagues in Gaza for death, disappearance, and torture.” According to figures from the United Nations Human Rights Office, Israeli forces have killed one in every 40 healthcare workers in the Palestinian territory since October as diseases spread and the number of Gazans killed or wounded continues to grow by the hour.

The healthcare workers expressed the view that—based on available evidence and their experiences—”the death toll from this conflictis many times higher than what is reported by the Gaza Ministry of Health,” which currently stands at over 39,100.

“We also believe this is probative evidence of widespread violations of American laws governing the use of American weapons abroad, and of international humanitarian law,” they continued. “We cannot forget the scenes of unbearable cruelty directed at women and children that we witnessed ourselves.”

Original article by JAKE JOHNSON republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue ReadingUS Healthcare Workers Back From Gaza Tell Harris and Biden: ‘End This Madness Now’

‘Common Sense Minister’ blasted out of touch after tirade against 4-day week 

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https://leftfootforward.org/2024/03/common-sense-minister-blasted-out-of-touch-after-tirade-against-4-day-week/

The Tory MP has been taken apart after deeming support for a 4-day week ‘socialist madness’

People have found it hard to see the common sense in Esther McVey’s recent attack on the four-day week, as Britain’s unofficially designation ‘common sense tsar’ has been taken apart for blasting support for the scheme as “socialist madness”.

In an opinion piece for the Express, Esther McVey attempted to demonise trade unions which she accused of “calling the shots over Labour” and took aim at the PCS union representing civil servants over its calls for a four-day working week. 

She wrote that the “last thing the country needs” is a return to the “bad old days of union dominance with a weak Labour leader appeasing them”. Ironic given the current state of affairs 14 years of a Conservative government has left the country in.

The 4 Day Week Campaign organisation wrote a scathing response to McVey, blasting the MP for Tatton as out of touch with public opinion, whilst also thanking her for showing how many people actually want a four-day week through the responses to the article. 

“Sometimes you can judge the success of an idea by the kind of person who rejects it,” the organisation wrote on X.

…

https://leftfootforward.org/2024/03/common-sense-minister-blasted-out-of-touch-after-tirade-against-4-day-week/

Continue Reading‘Common Sense Minister’ blasted out of touch after tirade against 4-day week 

‘Five-Alarm Fire’ as Global Temps Breach 2°C Threshold

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Canadian wildfire 2023
Canadian wildfire 2023

Original article by OLIVIA ROSANE republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

While scientists were quick to point out that this was just a daily anomaly, not a permanent shift, it is a “canary in the coalmine” that “underscores the urgency of tackling greenhouse gas emissions.”

Global temperatures surpassed 2°C above preindustrial levels for the first time Friday, according to preliminary data from the European Union’s Copernicus Climate Change Service.

The European Centre for Medium-Range Weather Forecasts’ ERA5 data set showed global service air temperatures rising 2.07°C above the 1850-1900 average on Friday and 2.06°C above that average on Saturday, the service said.

“This is a five-alarm fire for humanity,” the group Climate Defiance tweeted in response to the figures.

In the 2015 Paris agreement, world leaders set out to keep warming to “well-below” 2°C above preindustrial levels. Allowing warming to breach that point increases several climate risks, according to the Intergovernmental Panel on Climate Change (IPCC): 2°C of warming compared with 1.5°C would raise sea levels by an additional 0.1 meters by 2100, destroy 99% of coral reefs instead of 70% to 90%, and expose several hundred million more people to poverty and climate-related hazards by 2050.

Friday’s 2°C breach was first noted by Copernicus Climate Change Service deputy director Samantha Burgess on social media Sunday. She said the day was also 1.17°C above the 1991-2020 average, making it the warmest November 17 on record.

Scientists were quick to point out that this doesn’t mean global heating has breached the 2°C threshold long-term.

“The 1.5°C and 2°C warming thresholds have been defined in terms of the trend line,” University of Pennsylvania climate scientist Michael Mann tweeted. “Not individual years, let alone months, weeks, or days (the shorter the time period, the larger the random fluctuations). Those who imply otherwise are misleading you.”

Richard Allan, professor of climate science at the University of Reading in the U.K., told CNN that it was “entirely expected that single days will surpass 2°C above preindustrial well before the actual 2°C target is breached over many years.”

“We are blowing past warning signs with wild abandon. We are approaching the precipice and flooring the gas.”

That said, the reading was a “canary in the coalmine” that “underscores the urgency of tackling greenhouse gas emissions,” Allan said.

It also comes in a year of dropping canaries: The 12 months from November 2022 to October 2023 were the 12 hottest on record, according to a Climate Central analysis. 2023 saw the hottest Northern Hemisphere summer on record, the hottest month in July, and is likely to be the hottest year not just since record-keeping began, but in the last 125,000 years. And it’s not just numbers. The record-breaking temperatures fueled deadly heatwaves, wildfires, and floods around the world.

“The indicators are flashing red,” Climate Defiance wrote. “The planet’s vital signs are clear. Humanity is on life support. With the El Niño cycle just beginning, this 2°C breach sadly represents not a climax but a small taste of what is to come.”

“This is happening faster than expected,” the group continued. “We are blowing past warning signs with wild abandon. We are approaching the precipice and flooring the gas. This is madness. Utter madness.”

The 2°C breach comes a little less than two weeks from the start of the next United Nations Climate Change Conference in the United Arab Emirates. A recent report from U.N. Climate Change found that national plans were still incompatible with limiting warming to 1.5°C and that world leaders must take “bold strides forward” at the conference “to get on track.” More than 650 scientists have signed a letter to President Joe Biden urging him to back a fossil-fuel phaseout at the talks.

“It’s just one day (so far) above 2°C, but it highlights again that the world is approaching the limits set out by the Paris Agreement,” IPCC scientist Ed Hawkins tweeted. “We already have many of the solutions to rapidly reduce emissions and halt the rise in global temperatures. We just need to choose to use them.”

Original article by OLIVIA ROSANE republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue Reading‘Five-Alarm Fire’ as Global Temps Breach 2°C Threshold

Rishi Sunak considers weakening key green policies

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Madness, Driving in My Car

https://www.bbc.co.uk/news/uk-politics-66857551

Rishi Sunak is considering weakening some of the government’s key green commitments in a major policy shift.

…

First, the government would push the ban on the sale of new petrol and diesel cars – currently set to come into force in 2030 – back to 2035. The 2030 date has been government policy since 2020.

Second, the government would significantly weaken the plan to phase out the installation of gas boilers by 2035, saying that they only want 80% to be phased out by that year.

Third, homeowners and landlords would be told that there will be no new energy efficiency regulations on homes. Ministers had been considering imposing fines on landlords who fail to upgrade their properties to a certain level of energy efficiency.

Fourth, the 2026 ban on off-grid oil boilers will be delayed to 2035, with only an 80% phase out target at that date.

In addition, Britons will be told that there will be no new taxes to discourage flying, no government policies to change people’s diets and no measures to encourage carpooling.

Mr Sunak is also likely to rule out what he sees as burdensome recycling schemes.

…

https://www.bbc.co.uk/news/uk-politics-66857551

Continue ReadingRishi Sunak considers weakening key green policies