America the multithreaded

Ron DeSantis has been doing a lot as governor of Florida. But there’s one job that hasn’t gotten the attention it deserves: In many ways, DeSantis is serving as America’s shadow president.

In the Westminster parliamentary system of government, used in Britain and elsewhere, the opposition forms a shadow cabinet: A group of senior opposition-party members takes responsibility for issues facing various government departments. So there might be a shadow defense minister, who focuses on military issues, and the group might put together a “shadow budget.”

Glenn Reynolds
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China: hand Uighurs over if you want money

For years, Chinese officials have issued calls for leaders in Afghanistan to crack down on and deport Uyghur militants they claimed were sheltering in Afghanistan. The officials said the fighters belonged to the East Turkestan Islamic Movement, a separatist organization that Beijing has held responsible for a series of terrorist attacks in China since the late 1990s.

NYT

Paid up front

Of Hui’s current estimated $11.5 billion fortune, Forbes calculated that $8 billion is from cash dividends paid to Hui since Evergrande’s 2009 IPO on the Hong Kong Stock Exchange. The real estate developer’s total liabilities have increased every year since it went public, according to its annual reports, but it has paid out a dividend every year except 2016 … “The onus is more on the lenders. If the lenders are aware of the fact that the use of the proceeds is to fund a dividend, they have to be more careful,” says corporate finance consultant Robert Willens.

Forbes
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The only way out of a market crisis is to fix the market

“We do not expect the government to provide any direct support to Evergrande,” said the S&P credit analysts in a Monday report. “We believe Beijing would only be compelled to step in if there is a far-reaching contagion causing multiple major developers to fail and posing systemic risks to the economy.”

NBC
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Suspended virus origins probe should continue

Congress should require a new investigation by the State Department’s arms compliance office into the possible role of China’s Wuhan Institute of Virology in the origins of the COVID-19 pandemic, a report by two former State Department officials says.

The Biden administration earlier this year canceled a probe begun under President Trump into the virus’s origins by State’s Bureau of Arms Control, Verification and Compliance, known as AVC, that also investigated Chinese violations of a treaty banning biological arms, said former State Department arms control leaders Thomas DiNanno and Paula A. DeSutter.

Washington Examiner
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Xi cashes out on capitalism

The Chinese President is not just trying to rein in a few big tech and other companies and show who is boss in China. He is trying to roll back China’s decadeslong evolution toward Western-style capitalism and put the country on a different path entirely, a close examination of Mr. Xi’s writings and his discussions with party officials, and interviews with people involved in policy making, show.

WSJ
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It might not really be Green but it has the Look

The planned city of Telosa.

No, it’s not a mirage in the desert haze. Nor is it Elon Musk’s latest plan to colonise Mars. These are the designs for the city of Telosa, the latest project from billionaire investor Marc Lore and celebrated architect Bjarke Ingels’s firm BIG.

Lore and Ingels’s ambitious plan would see an entire city built from scratch in the desert of the western USA. Within 40 years, the duo intend to establish a fully-contained city, which will be extended over 150,000 acres and have a population of five million.

Timeout
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China waiting to see if Evergrande cracks spread

“We believe Beijing would only be compelled to step in if there is a far-reaching contagion causing multiple major developers to fail and posing systemic risks to the economy.” On Thursday, Evergrande has an $83.5 million interest payment it is likely to miss, which would cause more market turmoil.

NYT
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They’re learning ’em good

Let them work at Taco Bell.

Maspeth High School created fake classes, awarded bogus credits, and fixed grades to push students to graduate — “even if the diploma was not worth the paper on which it was printed,” an explosive investigative report charges.

Principal Khurshid Abdul-Mutakabbir demanded that teachers pass students no matter how little they learned, says the 32-page report by the Special Commissioner of Investigation for city schools, Anastasia Coleman.

NY Post
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The NATO glue has gone

In responding to the secretive U.S.-British move to sell nuclear-powered submarines to Australia, a decision that the Australians used to nix the prior French deal, Mr. Macron could choose to escalate. One idea doing the rounds in France is for the country to withdraw from NATO’s integrated military command structure, which it rejoined in 2009 after a 43-year absence.

NYT
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Not all vaccines are equal; study says some fade

Data collected from 18 states between March and August suggest the Pfizer-BioNTech vaccine reduces the risk of being hospitalized with COVID-19 by 91% in the first four months after receiving the second dose. Beyond 120 days, however, that vaccine efficacy drops to 77%.

Meanwhile, Moderna’s vaccine was 93% effective at reducing the short-term risk of COVID-19 hospitalization and remained 92% effective after 120 days.

LA Times
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How Israel assassinated Iran’s top nuclear scientist

Preparations for the assassination began after a series of meetings toward the end of 2019 and in early 2020 between Israeli officials, led by the Mossad director, Yossi Cohen, and high-ranking American officials, including President Donald J. Trump, Secretary of State Mike Pompeo and the C.I.A. director, Gina Haspel.

NYT
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US ramps up plan to expel Haitian migrants stranded at Texas bridge

DHS said that in response to the more than 10,000 migrants sheltering under the Del Rio International Bridge that connects the city with Ciudad Acuna in Mexico, it was accelerating flights to Haiti and other destinations within the next 72 hours.

It said it was working with nations where the migrants began their journeys – for many of the Haitians, countries such as Brazil and Chile – to accept returned migrants.

TRT
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A generic drug is the same, right?

Whereas name-brand drugs can be so expensive that people can’t afford them, generics are often so cheap that companies stop making them or cut corners to turn a profit. Competition for market share at rock-bottom price points has led to chronic shortages, unpredictable price-spikes, allegations of illegal price-fixing, and substandard and even dangerous practices. Production of generics has shifted overseas, where it’s harder for the Food and Drug Administration to inspect factories.

NYT
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Biden’s over-the-horizon scheme annihilates innocent family

KABUL, Afghanistan (AP) — A survivor of an errant U.S. drone strike that killed 10 members of his family demanded Saturday that those responsible be punished and said Washington’s apology was not enough.

The family also seeks financial compensation and relocation to the United States or another country deemed safe, said Emal Ahmadi, whose 3-year-old daughter Malika was among those killed in the Aug. 29 strike.

AP
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The global reshuffle against China

There are 2 alliances against China. The Quad, consisting of Japan, India, Australia and the US. This is an immensely regional powerful coalition with multiples of China’s population, land area and GNP. Two coalition members, India and Japan, are in current territorial conflict with China.

AUKUS consists of a coalition not directly in conflict with China, but in strategic rivalry. The US, UK, Australia. They are competing for global leadership of planet earth.

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Rushed counterpunch following Taliban flurry to Biden’s glass jaw

An investigation by U.S. Central Command has determined that an Aug. 29 drone strike in Kabul killed an innocent aid worker and nine members of his family, not a member of the ISIS-K terrorist group, a top general announced Friday.

Politico
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French anger over lost $90B sub deal

WASHINGTON—France has recalled its ambassadors to Washington and Canberra in response to a new deal among the U.S., U.K. and Australia to provide Australia with nuclear-powered submarine technology, the French foreign minister said, in an unprecedented diplomatic rift among close allies.

WSJ

$90 Billion “stab in the back”

The trilateral security cooperation aims to ensure peace and stability in the Indo-Pacific, US President Joe Biden said in a press conference, and its first initiative is to deliver a nuclear-powered submarine fleet for Australia. This new arrangement has resulted in Australia scrapping a $90 billion contract signed with France in 2016. On Thursday, France’s Foreign Minister Jean-Yves Le Drian called the decision a “stab in the back,” while a Chinese foreign ministry spokesperson said the AUKUS deal “seriously damages regional peace and stability” and “intensifies the arms race.”

AP
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