Thursday’s news links – May 5, 2022

Nearly one in four Asian adults in NYC lived in poverty in 2020: Report Gothamist

‘Anarchy Row’ Becomes Ground Zero in Fight Against Homeless Sweeps NYTimes

Eight protesters were arrested as police and sanitation workers cleared an encampment near Tompkins Square Park.

Emboldened by Musk’s Twitter takeover, anti-trans figures are celebrating by breaking the platform’s rules on hateful conduct Media Matters

The persecution of Julian Assange Jonathan Cook, Middle East Eye

According to UN torture expert, the UK and US have colluded to publicly destroy the WikiLeaks founder – and deter others from exposing their crimes

China

Beijing Reportedly Conducted Massive ‘Stress Test’ Modeling Impact of Russia-Style Sanctions on PRC Sputnik

How the CIA oversaw Belgium’s secret Nazi army Asa Winstanley

U.S./NATO war

Former CIA Contract Pilot Tosh Plumlee: “There are many more American soldiers like Willy Joseph Cancel already in Ukraine” Covert Action Magazine

Pentagon details U.S. training of Ukrainian forces Axios

U.S. Intelligence Is Helping Ukraine Kill Russian Generals, Officials Say NYTimes

Spiegel: EU will have to stop the industry for the sake of abandoning Russian gas

All steel, chemical or cement plants in the European Union must be disconnected from gas from now until the end of July, and gas-fired power plants will have to suspend work for almost all of July.

Swiss preparing for possible ‘severe’ electricity and gas shortages Reuters

Dollar imperialism

Goldman Warns ‘Dollar Dominance On A Downtrend’ Tyler Durden

Overuse of sanctions by the US could discourage other countries from transacting in the Dollar in the first place, a risk that US officials are well aware of. Former Treasury Secretary Jacob Lew said in 2016 that the US “must be conscious of the risk that overuse of sanctions could undermine our leadership position within the global economy, and the effectiveness of our sanctions themselves… if they excessively interfere with the flow of funds worldwide, financial transactions may begin to move outside of the United States entirely—which could threaten the central role of the US financial system globally.” Similarly, former US Secretary of State Henry Kissinger said in 2014: “I do have a number of problems with the sanctions [on Russia for its annexation of Crimea]. When we talk about a global economy and then use sanctions within the global economy, then the temptation will be that big countries thinking of their future will try to protect themselves against potential dangers, and as they do, they will create a mercantilist global economy.”

The Empire and the Dollar Warren Coats, retired from IMF

It is U.S. abuse of its ability to sanction the use of the dollar that is most threatening to push the dollar over the cliff.

Brazil’s Lula proposes creating Latin American currency to ‘be freed of US dollar’ dependency Multipolarista


“All over the world, wherever there are capitalists, freedom of the press means freedom to buy up newspapers, to buy writers, to bribe, buy and fake ‘public opinion’ for the benefit of the bourgeoisie.” — V.I. Lenin


See yesterday’s news links here

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