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Opinion from a Libertarian ViewPoint

Posts Tagged ‘Wall Street Journal’

Hypocrisy, Thy Name is Wall Street Journal

Posted by M. C. on June 3, 2023

https://libertarianinstitute.org/articles/hypocrisy-thy-name-is-wall-street-journal/

by Walter E. Block

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The Wall Street Journal of March 31, 2023 (page A20, if you must know) featured this headline: “Turkey’s Parliament Ratifies NATO bid.” Here is the first paragraph of this entry:

“The Turkish parliament ratified Finland’s entrance into the NATO on Thursday, removing the last obstacle to a historic expansion of the alliance in response to Russia’s invasion of Ukraine.” [Emphasis Added]

Waitasec. If event B is a response to event A, A must necessarily come first in time, B only afterward. If B occurs first, this event can hardly be considered a response to A.

Let us do a little bit of history here. During the Cold War, NATO and the Warsaw Pact contended with one another. Then, in 1991, the Soviet Union ended. What should have then happened, for a true peace, was both military alliances should have disbanded. Or perhaps, turned into an organization that comprised both of them. But the Warsaw Pact dissolved, and NATO remained.

East and West Germany were combined in 1990. Promises were then made by NATO not to expand in an eastward direction. This agreement was broken upon numerous occasions.

And when, pray tell, did Russia invade Ukraine? Why, it was not until 2022, decades after NATO began its eastward move.

So what was a “response” to what? Obviously, the Russians responsively engaged in a war not so much against Ukraine; rather, in confrontation with all of the NATO countries. NATO instigated this war between Russia and Ukraine by expanding eastward. Russia, for many years, protested and warned against this aggressive activity, but to no avail. Finally, in 2022, this country took responsive action.

Robert D. Kaplan (also writing in The Wall Street Journal, titled “Putin’s Shakespearian Demons”) is having none of this. Suggests this worthy: “Would Europe today be at peace with Mr. Putin’s Russia had NATO not expanded east after the cold war…? Certainly not.”

Does he give any reasons for this contention of his? Certainly not. Instead, he waxes eloquent about alternative history. He offers his thoughts on what he imagines would have occurred in the absence of the NATO eastward march. To summarize: Putin’s Russia would have been a bully, controlling the areas between Germany and his country, and impoverishing them all.

One way to refute this is to consider Russia’s, well, the USSR’s westward march. You say there was no such westward march? You are mistaken. They “marched” into Cuba in 1962 and parked a few weapons of mass destruction there. (To contextualize that initiative, at that time the U.S. had located similar weaponry in several countries surrounding the USSR. Further, these countries had joined NATO; Greece and Turkey in 1952; West Germany in1955.)

How did the United States react to what it regarded as a serious provocation on its very borders? (Cuba is only 90 miles away from Florida.) Uncle Sam organized a naval blockade of the island nation. But a blockade is an act of war! If Ukraine were an island, quite possibly Russia would not have physically invaded it. It might well have followed the example of the U.S. and blockaded that island of Ukraine. Hey, I can also do a bit of alternative history and alternative geography to boot! I have learned from the master of this sort of thing, Robert D. Kaplan.

In other words, the U.S. did in Cuba almost precisely what it is now blaming Russia for doing in Ukraine. There is a word for this sort of thing. Wait, I think I’ve got it…Yes, hypocrisy!

See the rest here

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Egg In Their Face – Two Anti-China Claims The Wall Street Journal Made Last Weeks Were Fake

Posted by M. C. on June 1, 2023

War Street Journal

https://www.moonofalabama.org/2023/05/egg-in-their-face-two-anti-china-claims-the-wall-street-journal-made-last-weeks-were-fake.html#more

Moon of Alabama

On May 26 Amnesty International published one of its usual aggressive accusations against a government the U.S. is hostile to.

Hong Kong: Government must reveal whereabouts of Uyghur student detained at airport (archived)

Hong Kong authorities must reveal the whereabouts and fate of a Uyghur student who has been missing since he arrived in the city from South Korea earlier this month, amid fears he has been unlawfully extradited to mainland China without due process and is at risk of arbitrary detention and torture, Amnesty International said today.

Abuduwaili Abudureheman has not been heard from since he sent a text message to a friend on 10 May. In the message, Abudureheman said he was being interrogated by Chinese police after arriving at Hong Kong airport.

“The unknown fate of Abuduwaili Abudureheman is deeply worrying, given the background of crimes against humanity committed against Uyghurs by the Chinese government in Xinjiang, and its ongoing pursuit of Uyghurs who have travelled overseas,” said Alkan Akad, Amnesty International’s China Researcher.

The accusations seem to be based on claims made by a single anonymous source:

On 10 May 2023, Abuduwaili travelled to Hong Kong to visit a friend, but he has been missing since his text message that evening, saying that he was being questioned at the airport by Chinese police. The friend has made Abuduwaili’s disappearance public after becoming increasingly concerned for his safety.

Amnesty International understands that Abuduwaili was on a Chinese government “watch list” of Uyghurs and other Muslims from the Xinjiang region, based on the fact that he had a history of overseas travel. Amnesty International has documented numerous instances of the Chinese government targeting Uyghurs both at home and abroad with arbitrary incommunicado detention, lengthy imprisonment and torture purely based on the fact that they had travelled outside of China.

In 2021 Amnesty closed its Hong Kong office. One wonders then how it communicated with the relevant “friend”?

The Wall Street Journal and others published China bashing pieces based solely on Amnesty’s claims.

The authorities Hong Kong were pretty pissed about the allegations as the man is question had never been there:

Hong Kong on Saturday criticized rights group Amnesty International’s accusation that a Uyghur student disappeared after being interrogated at the airport, and said that government records showed that he had not entered or been refused entry to the city.

The Korean Yonhap news agency made efforts to actually contact the man. It tuned out that he is still in Korea and has no plans to go anywhere else (machine translation):

See the rest here

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MoA – Journalist, Spy Or Cyber Front Warrior?

Posted by M. C. on April 5, 2023

Would the Wall Street Journal even know if the CIA hired one of its journos for a side job?

But fear not, the CIA would never do such:

https://www.moonofalabama.org/2023/04/journalist-spy-or-cyber-front-warrior.html#more

Journalist, Spy Or Cyber Front Warrior?

Last Thursday, March 30, Russian authorities arrested the Wall Street Journal journalist Evan Gershovitch:

Russia’s Federal Security Service (FSB) claimed that Wall Street Journal reporter Evan Gershkovich was “acting on instructions from the American side to collect information about the activities of one of the enterprises of the Russian military-industrial complex that constitutes a state secret.” Gershkovich, who was arrested in the city of Yekaterinburg in the Ural Mountains region, will be held until at least May 29, according to Russian judicial officials.

The Wall Street Journal said it “vehemently denies” the allegation and demanded that Russia release Gershkovich, who has lived in Moscow for six years and was accredited by Russia’s foreign ministry. If convicted, he could face up to 20 years in prison.

Would the Wall Street Journal even know if the CIA hired one of its journos for a side job?

But fear not, the CIA would never do such:

The arrest shows that Moscow is “increasingly treating the United States as an open belligerent in a war against Russia,” according to George Beebe of the Quincy Institute, who previously led Russia analysis at the CIA.

Citing a 1977 law that banned CIA recruitment of journalists, Beebe argued that it is “very unlikely that Gershkovich is a U.S. intelligence asset or that his reporting was directed or influenced by the U.S. Intelligence Community.”

Surely, the CIA would never ever break a law, says a former CIA analyst …

But why then is the U.S. Secretary of State calling Russia for a talk about the man?

Secretary of State Antony Blinken on Sunday held a call with his Russian counterpart, Sergey Lavrov, to discuss Evan Gershkovich, a reporter for The Wall Street Journal and US citizen who was detained in Russia last week over spying allegations.

According to a State Department readout of the call, Blinken expressed the US’s “grave concern over Russia’s unacceptable detention of a US citizen journalist” and called for his “immediate release.”

According to the Russian side, Lavrov told Blinken that a Russian court will decide Gershkovich’s fate. “In light of the established evidence of the US national’s illegal activities, his future will be determined by court,” the Russian Foreign Ministry said.

Russia’s Federal Security Service (FSB) claimed that Gershkovich, “acting at the behest of the American side, collected information constituting a state secret about the activities of an enterprise within Russia’s military-industrial complex.”

May be I am naive, but what Gershkovich inquired about was way too much on the questionable side than to be called journalism:

Kevin Rothrock @KevinRothrock – 17:15 UTC · Mar 30, 2023

Journalist @kolezev, who spoke on background to @evangershkovich before his trip to Yekaterinburg, says Evan hoped to intercept employees (literally in the street) leaving the UralVagonZavod plant in Nizhny Tagil or the NPO Novator missile factory in Yekaterinburg, planning to ask them how they feel about the invasion of Ukraine.

This more than the WSJ’s Wagner Group investigation seems likeliest to have triggered the FSB’s “espionage” paranoia. Evan knew the risks but apparently hoped that the FSB would let him be, given that war sentiment isn’t a state secret.

https://t.me/kolezev/13266

Колезев ☮️
Мария Захарова заявила, что «то, чем занимался в Екатеринбурге сотрудник американского издания The Wall Street Journal, не имеет отношения к журналистике». Марии Захаровой, конечно, виднее, ей в ФСБ…

Tass summarizes the accusations:

  • US citizen Evan Gershkovich, a correspondent for the Moscow bureau of The Wall Street Journal (WSJ), was detained in Yekaterinburg, Sverdlovsk Region, in the Urals region of Russia, on suspicion of espionage.
  • According to the FSB, the journalist was collecting top-secret data about an enterprise within the Russian military-industrial complex in the interests of the United States.
  • The American was detained while trying to obtain classified data.

Yekaterinburg has been a the metallurgical center of Russia for 300 years:

Yekaterinburg was founded on 18 November 1723 and named after Yekaterina I, the wife of Russian emperor Peter the Great. The city served as the mining capital of the Russian Empire as well as a strategic connection between Europe and Asia.

The city grew during the second world war when Russia moved its heavy industry away from the frontline to behind the Ural. UralVagonZavod is the largest tank manufacturer in the world. It is currently producing the T-90 tanks for the Russian army. NPO Novator is making anti-aircraft missiles and other weapons like the Kalibr cruise missiles which are currently in high demand.

To ask workers of such factories how they feel about the U.S. proxy war waged against Russia while that war is ongoing seems a bit off to me.

What would have been the offer by Gershkovich to any worker who would have spoken against the war?

Also, this was about more than just asking random workers:

The Wall Street Journal reporter Evan Gershkovich was interested in operation of military-industrial complex facilities in Yekaterinburg, Sverdlovsk Region Legislative Assembly deputy Vycheslav Vegner, whom the reporter interviewed earlier, told TASS Thursday.

“[During the interview, Gershkovich] started asking questions regarding the military-industrial complex of Yekaterinburg, he named one such enterprise – ‘Novator’- and so on,” Vegner said.

According to the lawmaker, the reported cited the experience of other regions on industry conversion and asked about the Sverdlovsk Region experience – for example, whether the enterprises change their profile, how many shifts there are, and if they are appropriately staffed. Vegner noted during the interview that he is not authorized to answer such question.

Anything about weapon production numbers or related issues are of course state secrets, at least during times of war. What then do we call such inquiries if not espionage?

See the rest here

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Wall Street Journal Commits Elementary Economic Error

Posted by M. C. on April 3, 2023

Will women who join, or rejoin, the workforce strengthen the economy? Of course, they will, at least in the ex ante sense. But all of human action “strengthens the economy.”

https://open.substack.com/pub/walterblock/p/wall-street-journal-commits-elementary?utm_source=share&utm_medium=android

Luis Rivera

By Walter E. Block

According to a headline blaring on the front page of one of America’s leading newspapers, “Women Rejoin the Workforce, Adding Strength to Economy.” This is wrong in more ways than you can shake a stick at. Strangely enough, as written exactly as is, it is also entirely correct. Let me explain.

Will women who join, or rejoin, the workforce strengthen the economy? Of course, they will, at least in the ex ante sense. But all of human action “strengthens the economy.” A man purchases a shirt for $20. At what rate did he value this shirt when he bought it? Not at $20. Then, there would have been no profit in the transaction for him. Why bestir himself in this manner if he couldn’t even imagine thereby improving his economic well-being? He must have valued this article of clothing at more than $20, say, $25, so there would have been a $5 profit in it for him. Well, I speak too quickly. His main motive in so doing might have been to get a date with the attractive female seller. So, all we can say is that there was something about this transaction, the shirt or something else, or maybe a combination of the two, that he ranked more highly than the sales price. All that of course is ex ante, in anticipation. Ex post, this may or may not have been true. After the fact, he may rue his purchase; the shirt was not that much to his liking, the woman refused his offer of dinner.

The same applies to women rejoining the labor force. They would not have done so, did they not prefer this course of action to all others open to them, such as enjoying leisure, entering college, engaging in child care, etc. The economy necessarily improved, again, necessarily ex ante, but as upon all such occasions, it is by no means certain that this occurred ex post as well.

Now consider an alternative headline: “Women Quit the Workforce, Adding Strength to Economy.” The same identical analysis applies! Females would not have quit their jobs did they not contemplate thereby an improvement in their economic welfare. Perhaps they ranked child care, or leisure, or education, etc., more highly than the money they garnered from their jobs. They necessarily gained, again, ex ante from this decision of theirs, and may or may not have also done so ex post depending upon how they looked upon it after the fact.

The point is, whatever they did, quit, join, rejoin, the workforce, they improved the economic in general, because their own well being was boosted. So the headline was problematic in that it strongly implied that work, not any of these other alternatives, was the path to economic improvement.

What, then, are the unmitigated benefits of laboring, that do not apply to any of these other options? 

See the rest here

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Newly Obtained Documents Prove: Key Claim of Snowden’s Accusers Is a Fraud

Posted by M. C. on March 22, 2017

Newly Obtained Documents Prove: Key Claim of Snowden’s Accusers Is a Fraud

They insist that Snowden, contrary to what he has always maintained, did not check into the Mira Hotel on May 21, 2013, the day after he arrived in Hong Kong. Instead, they assert, he checked-in only on June 1, which means Snowden has 11 “unaccounted-for” days from the time he arrived in Hong Kong until he met with journalists at the Mira in the beginning of June. They have repeatedly leveraged this Missing Eleven Days into the insinuation that Snowden used this time to work with his Russian and/or Chinese handlers in preparation for meeting the U.S. journalists in Hong Kong. Read the rest of this entry »

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WSJ Loves Its Fed Enabler – Readers Don’t

Posted by M. C. on September 26, 2015

These are 25 Sep 15 comments from Wall Street Journal readers after Yellen says she will raise rates ‘later this year’.

Hopefully these same readers will realize the WSJ part of the problem.

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After 7-8 days down, this seems to be just a bounce….

How ridiculous. We can’t raise rates now but can in 3 months? What is going to be different then?

And look at this trollish hack of a human being. She doesn’t even possess enough physical strength to stand up and talk for an hour, but she’s strong enough to lead the Fed? Why on earth do we give power to such weak bureaucratic hacks? Our government is littered with such women now, little fireplugs of nothingness, flabby, sagging, flaccid and weak. Yet they have so much power.

What happened to my nation? I don’t recognize this country anymore. 9 years of decreasing rates, 7 years of ZIRP – if anyone ever told you in before 2008 that this was “good” policy, you would have been laughed out of the room. But now I’m supposed to clap like a seal and declare victory with the basketcase of an economy we now have? If they manage to raise rates by .25 I’m supposed to get in line and say Keynesian economics work?

Our society is now Orwellian. We are doomed.  Read the rest of this entry »

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Fed+ WSJ = Drivel

Posted by M. C. on August 19, 2015

The War Wall Street Journal, as it is wont to do, gives us things to look for in the July FED meeting notes.

I don’t pretend to fully understand the goings on but I do understand BS.

Nothing has been decided,” Fed governor Jerome Powell said two weeks ago. While the Fed wants to avoid any surprises that could unsettle financial markets, it also may seek to retain flexibility and keep its options open.

They have no idea. It is anybody’s guess but they have to seem as though they are actually figuring something out. Read the rest of this entry »

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Deflation Scare Tactics

Posted by M. C. on October 20, 2014

War Street Journal red alert. Deflation is raising its ugly head.

We need 2% inflation. Why?

One of the basic tenets of free market economics is the market responds to demand by increasing production. This is accomplished by improving processes and efficiency. The end result is prices go down and more products are sold.

The WSJ via Paul Krugman, the New York Times resident Keynesian, says this is bad.

Krugman has three reasons to be wary of falling prices

Falling prices cause people to hold off on purchases, waiting for prices to further decrease.

Deflation makes the dollar worth more causing debtors to pay off debts with higher value dollars.

Wages decrease with prices.

Baloney. Read the rest of this entry »

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