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Category Archives: Transhuman News

MoonLake Immunotherapeutics to initiate global Phase 2 study of the Nanobody sonelokimab in patients with active psoriatic arthritis – BioSpace

Posted: September 27, 2022 at 8:04 am

MoonLake Immunotherapeutics to initiate global Phase 2 studyofthe Nanobody sonelokimabin patients with active psoriatic arthritis

ZUG, Switzerland, September 26, 2022 MoonLake Immunotherapeutics AG (MoonLake), a clinical-stage biotechnology company focused on creating next-level therapies for inflammatory diseases, today announced U.S. Food and Drug Administration (FDA) clearance for a Phase 2 clinical study of the nanobody sonelokimab in patients with active psoriatic arthritis (PsA). This is a global clinical study that also includes several European countries.

This new study is subsequent to the completion of a global Phase 2b study in moderate-to-severe psoriasis (NCT03384745) and the initiation of the Phase 2 MIRA study in moderate-to-severe hidradenitis suppurativa (NCT05322473).

The global, randomized, double-blind, placebo-controlled study (M1095-PSA-201, ARGO) is designed to evaluate the efficacy and safety of different doses of sonelokimab compared to placebo, with adalimumab as an active reference arm, in approximately 200 patients with active PsA. The primary endpoint of the study is the American College of Rheumatology (ACR) 50 response defined as the percentage of participants achieving 50% improvement in signs and symptoms of disease from baseline, compared to placebo. This study is the first in PsA to use the Nanobody.

The study will also include a range of secondary endpoints reflecting the heterogeneous and multi-faceted nature of the disease, including the assessment of skin clearance (including Psoriasis Area and Severity Index (PASI) 100), disability, enthesitis, pain, as well as other levels of ACR response (including ACR70). Patient enrollment is expected to begin in 2022, with the first sites being initiated in Europe and in the United States.

Sonelokimab (M1095) is an investigational Nanobodydesigned to treat inflammatory disease by inhibiting the IL-17A/A, IL-17A/F, and IL-17F/F dimers that drive inflammation. In addition, sonelokimab is designed to directly target sites of inflammation and penetrate difficult-to-reach inflamed tissues.

Kristian Reich,Co-founder andChief Scientific Officer at MoonLake, said: The initiation of the ARGO study represents an important milestone in the development of the IL-17A and IL-17F inhibiting Nanobody sonelokimab for the treatment of inflammatory skin and joint conditions. I am particularly excited to see how the small size and albumin-binding properties of sonelokimab will further elevate the anti-inflammatory potential of IL-17A and IL-17F inhibition to improve treatment outcomes across various disease domains of PsA including arthritis, enthesitis and psoriasis.

-ends-

About the ARGO studyThe ARGO study (M1095-PSA-201) is a global, randomized, double-blind, placebo-controlled trial to evaluate the efficacy and safety of the Nanobodysonelokimab, administered subcutaneously, in the treatment of adult patients with active psoriatic arthritis. The study will comprise approximately 200 patients, and will evaluate different doses of sonelokimab, with placebo control and adalimumab as an active reference arm. The primary endpoint of the study is the percentage of participants achieving 50% improvement in signs and symptoms of disease from baseline, compared to placebo, as measured by the American College of Rheumatology (ACR) 50 response. The study will also evaluate a number of secondary endpoints, including improvement compared to placebo in ACR70, complete skin clearance as measured by at least a 100 percent improvement in the Psoriasis Area and Severity Index (PASI100), physical function as measured by the Health Assessment Questionnaire-Disability Index (HAQ-DI), enthesitis as measured by the Leeds Enthesitis Index and pain as measured by the Patients Assessment of Arthritis Pain (PtAAP).

About MoonLake ImmunotherapeuticsMoonLake Immunotherapeutics AG is a clinical-stage biopharmaceutical company unlocking the potential of sonelokimab, a novel investigational Nanobody for the treatment of inflammatory disease, to revolutionize outcomes for patients. Sonelokimab inhibits IL-17A and IL-17F by inhibiting the IL-17A/A, IL-17A/F, and IL-17F/F dimers that drive inflammation. The companys focus is on inflammatory diseases with a major unmet need, including hidradenitis suppurativa and psoriatic arthritis conditions affecting millions of people worldwide with a large need for improved treatment options. MoonLake was founded in 2021 and is headquartered in Zug, Switzerland. Further information is available at http://www.moonlaketx.com.

About NanobodiesNanobodies represent a new generation of antibody-derived targeted therapies. They consist of one or more domains based on the small antigen-binding variable regions of heavy-chain-only antibodies (VHH). Nanobodies have a number of potential advantages over traditional antibodies, including their small size, enhanced tissue penetration, resistance to temperature changes, ease of manufacturing, and the ability to design multivalent therapeutic molecules with bespoke target combinations.

The terms Nanobody and Nanobodies are trademarks of Ablynx, a Sanofi company.

About SonelokimabSonelokimab (M1095) is an investigational ~40 kDa humanized Nanobody consisting of three VHH domains covalently linked by flexible glycine-serine spacers. With two domains, sonelokimab selectively binds with high affinity to IL-17A and IL-17F, thereby inhibiting the IL-17A/A, IL-17A/F, and IL-17F/F dimers. A third central domain binds to human albumin, facilitating further enrichment of sonelokimab at sites of inflammatory edema.

Sonelokimab has been assessed in a randomized, placebo-controlled Phase 2b study in 313 patients with moderate-to-severe plaque-type psoriasis. Sonelokimab demonstrated a rapid and durable clinical response (Investigators Global Assessment Score 0 or 1, Psoriasis Area and Severity Index 90/100) in patients with moderate-to-severe plaque-type psoriasis. Sonelokimab was generally well tolerated, with a safety profile similar to the active control, secukinumab (Papp KA, et al. Lancet. 2021; 397:1564-1575).

In an earlier Phase 1 study in patients with moderate-to-severe plaque-type psoriasis, sonelokimab has been shown to decrease (to normal skin levels) the cutaneous gene expression of pro-inflammatory cytokines and chemokines (Svecova D. J Am Acad Dermatol. 2019;81:196203). Recently, a phase 2 trial in hidradenitis suppurativa (NCT05322473, M1095-PSA-201,MIRA) including multiple arms and over 200 patients has been initiated (announced on May 5, 2022).

Sonelokimab is not yet approved for use in any indication.

About Psoriatic ArthritisPsoriatic arthritis (PsA) is a chronic and progressive inflammatory arthritis associated with psoriasis primarily affecting the peripheral joints. The clinical features of PsA are diverse, involving pain, swelling, and stiffness of the joints, which can result in restricted mobility and fatigue.PsA occurs in up to 30% of patients with psoriasis, most commonly those aged between 30 and 60 years. The symptom burden of PsA can have a substantial negative impact on patient quality of life. Although the exact mechanism of disease is not fully understood, evidence suggests that activation of the IL-17 pathway plays an important role in the disease pathophysiology.

Cautionary Statement Regarding Forward Looking StatementsThis press release contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding MoonLakes expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: plans for preclinical studies, clinical trials and research and development programs; and the anticipated timing of the results from those studies and trials. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, project, should, would and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward looking.

Forward-looking statements are based on current expectations and assumptions that, while considered reasonable by MoonLake and its management, as the case may be, are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, risks and uncertainties associated with MoonLakes business in general and limited operating history, difficulty enrolling patients in clinical trials, and reliance on third parties to conduct and support its preclinical studies and clinical trials.

Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. MoonLake does not undertake or accept any duty to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or in the events, conditions or circumstances on which any such statement is based.

MoonLake Immunotherapeutics InvestorsMatthias Bodenstedt, CFOinfo@moonlaketx.com

MoonLake Immunotherapeutics MediaPatricia Sousap.marquesdesousa@moonlaketx.com

Matthew Cole, Mary-Jane ElliottConsilium Strategic CommunicationsTel: +44 (0) 20 3709 5700media@moonlaketx.comMoonLake@consilium-comms.com

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How diversity and inclusion continues to be incorporated in dermatology – PMLiVE

Posted: at 8:04 am

Healthcare is an area where diversity and inclusion (D&I) can directly affect a persons quality of life and treatment outcomes. Recently in the field of dermatology, a focus on D&I is helping to redress historical bias and open avenues of research, bringing benefits to patients and healthcare systems alike.

Historically, medical textbooks have described skin symptoms in Caucasian-dominated language, based on lighter skin tones causing diagnosis and treatment disparities, with patients with darker skin tones being under-diagnosed and under-treated.1 Today, medical education programmes are rewriting textbooks, materials, and trainings to bridge this knowledge gap and reduce the chances of skin colour impacting accurate diagnosis and treatment. The British Association of Dermatologists highlighted the issue, noting that descriptors for rashes and lesions have been based on people of European ancestry.2 It observed that it is vital that the language used for describing rashes/lesions in dermatology is updated, to be inclusive and reflective of the UKs ethnic diversity. Demand is clear: a new clinical handbook of signs and symptoms in black and brown skin called Mind the Gap, has been viewed online more than 100,000 times.3

Janssen, as part of the pharmaceutical companies of Johnson & Johnson, has a 130-year heritage in healthcare. As we rise to the call to help address historical inequities, we are proud to take a multi-faceted approach which includes the active embedding of D&I principles throughout our organisation. In immunology, were reframing clinical trials, drug development, and support networks for patients suffering with chronic skin conditions and other diseases. D&I must be integral to beliefs and behaviours to be truly transformative in healthcare.

Dr Mehbub Shafi, Medical Advisor at Janssen-Cilag Ltd, notes changes seen since his medical training: Dermatological conditions affect patients of all skin tones, but symptoms can manifest differently, he says. While lack of awareness of these differences may have been an issue in the past, I can see that things are improving.

A clear example can be seen in psoriasis, an incurable chronic condition affecting 1.8 million people in the UK, 14 million Europe-wide and 125 million globally.4,5,6 The effects can be both physically and psychologically scarring. Research has shown that 37% of psoriasis patients experienced suicidal thoughts, while the impact on family members is evidenced by 37% of close relatives and partners reporting their relationships suffered because of the condition.7,8 Every aspect of life is impacted for example, people with psoriasis miss an average of 306 hours of work per year, more than eight weeks based on a 7.5-hour work day.9

Dr Shafi notes: There is the medical aspect, which is huge, but the psychological and psycho-social aspects are important too because patients living with a dermatological disease often have a higher incidence of mental health issues. Addressing diversity and inclusivity to achieve optimal treatment is pivotal in improving outcomes for patients with darker skin tones.

Diversity is relevant not just in psoriasis diagnosis, but also in treatment where, for example, higher doses of phototherapy may be needed for darker skin.10 Janssens UK medical education programme, aimed at and targeted to dermatologists across the UK, has focussed specifically on diversity and skin of colour. Janssen is also actively working with the UK dermatological community to develop resources supporting diagnosis and treatment in diverse communities,through partnerships with patient advocacy groups and patient advisors to ensure materials are tailored to diverse patient needs.

When it comes to decision-making in dermatological R&D, Janssen works with patients to enshrine the patient voice. This helps us deliver on the Johnson & Johnson credo: our first responsibility is to patients, doctors and nurses, followed by our responsibility to the communities in which we live and work, and then the global community, says Dr Shafi.

In addition to supporting better access to care, we are also raising awareness in the healthcare community about important issues in the diagnosis and treatment of diverse or under-represented groups. It is important to gain feedback from patients living with psoriasis and healthcare professionals, understanding their concerns and then implementing and driving activities that will have an impact.

At Janssen, the patient voice is central to pursuing novel research and improving therapies, to support work to stop and even cure dermatological diseases. Janssen will continue working with patients and experts to promote health equity for all as we work towards our mission to redefine treatments for dermatological diseases by delivering transformational and accessible therapies.

For more information, please visit http://www.janssen.com/uk

References

1 Takeshita J, Gelfand JM, Li P, et al. Psoriasis in the US Medicare Population: Prevalence, Treatment, and Factors Associated with Biologic Use. J Invest Dermatol 2015; 135(12): p2955-2963

2 British Association of Dermatologists. Improving Descriptors in Dermatology. Available at: https://www.bad.org.uk/healthcare-professionals/inclusivity-and-representation/descriptors-in-dermatology. Last accessed: September 2022

3 Dhillon R, Booth AJ & Mukwende M. Mind the Gap. British Dental Journal 2021; 230(273)

4 Psoriasis Association. About Psoriasis. Available at: https://www.psoriasis-association.org.uk/about-psoriasis. Last accessed: September 2022.

5 Augustin M, Alvaro-Gracia JM, et al. A framework for improving the quality of care for people with psoriasis. Psoriasis White Paper. JEADV 2012; 26(4): p1-16

6 National Psoriasis Foundation. Psoriasis Statistics. Available at: https://www.psoriasis.org/content/statistics. Last accessed: September 2022

7 Pompili M, Innamorati M, et al. Suicide risk and psychiatric comorbidity in patients with psoriasis. Journal of International Medical Research 2016; 44(1): p6166.

8 Eghlileb A, Davies E and Finlay A. Psoriasis has a major secondary impact on the lives of family members and partners. British Journal of Dermatology 2007; 156(6): p124550.

9 Mustonen A, et al. How much of the productivity losses among psoriasis patients are due to psoriasis. BMC Health Services Research 2015; 15(87)

10 National Psoriasis Foundation. Psoriasis and skin of color. 2021. Available at: https://www.psoriasis.org/advance/diagnosing-psoriasis-in-skin-of-color/. Last accessed: September 2022

Dr Mehbub Ali Shafi is Medical Adviser, Dermatology, The Janssen Pharmaceutical Companies of Janssen-Cilag Ltd.

* EM-80125 | September 2022

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Arcutis Announces Topline Results From ARRECTOR Pivotal Phase 3 Trial Of Roflumilast Foam 0.3% In Scalp A – Benzinga

Posted: at 8:04 am

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Arcutis Announces Topline Results From ARRECTOR Pivotal Phase 3 Trial Of Roflumilast Foam 0.3% In Scalp A - Benzinga

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Pianist Paul Barnes and Native flutist Ron Warren to premiere piece Monday in Lincoln – Lincoln Journal Star

Posted: at 7:49 am

Pianist Paul Barnes and Native flutist Ron Warren discuss blended music that combines Indigenous musical ideas with western classical music during an interview on Friday, Sept. 23, 2022, in Lincoln, Neb.

Paul Barnes met Ron Warren in, of all places, North Dakota, when the Native flutist was called in to join Barnes, the Lincoln pianist, for a performance of Piano Concerto No. 2, After Lewis and Clark."

The performance of the piece that acclaimed composer Philip Glass wrote for Barnes began a creative collaboration between the musicians that extends to Monday night, culminating in the world premiere of The Way of Mountains and Desert, a solo piano piece Warren wrote for Barnes that will be the centerpiece of a program celebrating Warrens music.

Native flutistRon Warren (left) and University of Nebraska-Lincoln pianist Paul Barnes share a laugh as they rehearse at Westbrook Music Building on Friday.

R. Carlos Nakai played the Native flute when the concerto, commissioned for the Lewis & Clark Bicentennial, premiered at the Lied Center for Performing Arts in 2004. But Nakai wasnt available when Barnes was to perform the concerto with the Minot Symphony Orchestra in 2010 and suggested Warren as his replacement.

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It went so well, I swore that every subsequent performance that I had of the Glass work and weve played it in California and, of course, we played it twice here I always wanted to have Ron flown in from wherever he was, Barnes said.

Later, Barnes learned that Warren was a composer following a Jacksonville, Florida, concert that Warren drove from his Orlando-area home to attend.

I went up to hear Paul and it was his Greek Orthodox chant-based concert, Warren said. I was so taken with his singing and with Orthodox chant that I became really intrigued. So I had a flute phrase that kind of grew into a small piano piece that I sent off to Paul, just to thank him for that show. He played it for about a season.

That 2018 piece, Distances Between, will open Mondays concert and, appropriately, Barnes, Warren and Omaha Symphony bassist Danielle Meier will perform an arrangement of Sacagawea, the second movement of the Glass concerto that features the Native flute.

The second half of Mondays program will open with the new piece that Barnes commissioned from Warren.

Because I just love the way that Ron wrote for the piano, I wanted to commission a larger scale work, a big 20- to 25-minute work that would be kind of the focal point of performances, he said. Thanks to the Hixson-Lied College (of Fine and Performing Arts) I got my grant, Ron got paid and wrote this incredible, incredible piece for me.

What:"The Way of Mountains and Desert," celebrating the music of Ron Warren

Where: Kimball Recital Hall, 11th and R streets

When: 7:30 p.m. Monday

Admission: Free

The Way of the Mountains and Desert was inspired by a Barnes trip to the American Southwest for an Orthodox retreat, as well as indigenous poetry and Warrens own experiences.

Those experiences included playing in a deep gorge in Utah's Bryce Canyon National Park where reflections from a stream danced on the rock walls, giving Warren the idea for the high register, jumping, tinkling To Water, the pieces opening movement.

A lot of my music is the music of place anyway, of really trying to connect the beauty of a place and listening for what wants to be shared from that place, Warren said. So through a combination of our conversations, some of my favorite indigenous poets and my own memories from being in those places, what were calling the 'love song for the earth' grew as a flute song initially. From that grew the piano piece.

In Barnes Westbrook Music Building studio Friday, Barnes and Warren demonstrated how the flute song translates to the piano. While Barnes couldnt replicate the flutters of the flute and the piano added a low range of sounds, the graceful, flowing flute passage Warren played was largely replicated.

'I've always loved the way that Ron has played the flute, but I'm a pianist, so I never get to experience that," Barnes said. When he wrote this piano version of the flute song, it just felt so fluid. And I felt like I was actually a flute player.

Native flutistRon Warren rehearses Friday at Westbrook Music Building in Lincoln.

The concert will conclude with Beads, a four-movement duet between piano and Native flute that includes a section in which Warren gets to channel his inner Ian Anderson, the flutist of Jethro Tull fame.

That, too, could be heard during Fridays rehearsal, which vividly demonstrated how Native flute could be inserted into Western classical music, which Warren said isnt all that novel.

There are numerous indigenous musicians who, he said, are involved in every kind of music you can think of from classical piano to experimental electronic musicians building their own instruments.

The Way of Mountains and Desert, which Warren and Barnes will perform again in New York in May and likely play at concerts around the country over the next year, is a perfect example of something vibrantly new.

Luke Bryan performs during his concert Thursday at the Stock Hay & Grain Farm near Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday at Stock Hay & Grain Farm near Murdock.

Luke Bryan brought his annual Farm Tour to the Stock Hay & Grain Farm near Murdock on Thursday.

Fans watch as Luke Bryan performs during his 2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his 2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Fans raise their drinks into the air as Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Fans wave signs toward Luke Bryan as he performs during his 2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

A young fan is lifted above the crowd for a better view as Luke Bryan perform during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

A drummer for Luke Bryan performs during the2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Fans cheer as Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Riley Green performs during Luke Bryan's2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

A crowd in the pit gathers as they wait for Luke Bryan to perform during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Fans gather in a large field and watch from lawn chairs as The Peach Pickers perform during Luke Bryan's2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his 2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Riley Green performs during Luke Bryan's2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

A fan waves a hat in anticipation for a performance by Luke Bryan during his 2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Fans hold up their phone flashlights and sway to the music as Luke Bryan performs during his 2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his 2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Luke Bryan performs during his2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Riley Green performs during Luke Bryan's2022 Farm Tour show on Thursday, Sept. 22, 2022, at Stock Hay & Grain Farm in Murdock.

Reach the writer at 402-473-7244 or kwolgamott@journalstar.com. On Twitter @KentWolgamott

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POLITICO Playbook PM: Mitch McConnell and the tale of two moderate Dems – POLITICO – POLITICO

Posted: at 7:49 am

By ELI OKUN

09/26/2022 01:46 PM EDT

Updated 09/26/2022 03:29 PM EDT

Senate Minority Leader Mitch McConnells move sets up a showdown with Democrats this week on energy permitting reform. | Kevin Dietsch/Getty Images

BREAKING Senate Minority Leader MITCH McCONNELL is whipping against Sen. JOE MANCHINs (D-W.Va.) energy permitting reform bill, which Democrats want to combine with a stopgap government funding bill, Burgess Everett and Caitlin Emma revealed. That could torpedo the legislation that Democratic leaders agreed to grant Manchin this summer in exchange for his support of the Inflation Reduction Act.

McConnells move sets up a showdown this week as Senate Majority Leader CHUCK SCHUMER tries to push the two pieces of legislation through. With some Democratic defections expected, Manchin will likely need a sizable chunk of Republican support. If McConnell can get enough of his conference to refuse and the reform gets dropped from the continuing resolution, itll be much more difficult to pass as a stand-alone proposition.

Manchin and McConnells relationship has run hot and cold over the years, largely tracking the political imperatives of the moment. After months of courting Manchin in order to block a reconciliation bill, preserve the filibuster and perhaps even flip the Senate majority, McConnell sees no need to help Manchin after his IRA vote, Burgess and Caitlin write.

Flashback to an old dispute, via Manu Raju in 2012: Football feud: McConnell vs. Manchin

But theres another Democratic centrist for whom McConnell had nothing but kind words today: Sen. KYRSTEN SINEMA (D-Ariz.) touted her bipartisan credentials in a speech at the University of Louisvilles McConnell Center, where McConnell introduced her as the most effective first-term senator Ive seen in my time in the Senate. Sinema lambasted both parties moves toward the left and right and the bitter and tribal extremism in todays political landscape. More from The Hill

Sinema also said she thinks the Senate should return to a 60-vote threshold for nominations, criticizing both President JOE BIDEN and DONALD TRUMP for supporting changes to the filibuster. (Law360s James Arkin notes that standard would have knocked out the vast majority of the judges Democrats have confirmed in the Biden era.)

And Sinema predicted its likely that Republicans will gain control of Congress in November. Responded Rep. RUBEN GALLEGO (D-Ariz.): I mean you could be out there helping our candidates @SenatorSinema But my sense is that you would actually prefer the Dems lose control of the Senate and House.

FOR YOUR RADAR Russian President VLADIMIR PUTIN today granted EDWARD SNOWDEN citizenship in the country where the NSA whistleblower has lived under asylum and then as a permanent resident for the past nine years. More from Reuters

STORM CHASING Ian has now strengthened into a hurricane, the National Hurricane Center said today, as Florida and Cuba watch warily. Its now forecast to hit the U.S. as a Category 4 storm Wednesday. And parts of Tampa Bays county are already under a mandatory evacuation notice. More from the Orlando Sentinel

JUST ANNOUNCED Press secretary KARINE JEAN-PIERRE said Biden will host the first state visit of his presidency on Dec. 1, bringing French President EMMANUEL MACRON to the White House.

Good Monday afternoon, and chag sameach to my fellow Rosh Hashanah celebrants. May all Playbook readers have a sweet new year.

A message from Amazon:

After high school, Jamie couldn't afford college. While working in a fulfillment center, she enrolled in Amazon's Career Choice program which paid for her to train as a first-aid instructor. People ask me all the time how I got this job, she said. And I tell them Amazon got me the job!

Amazons 750,000 hourly employees are eligible for Career Choice, which now fully funds college tuition.

BIG PICTURE

THE PRICE IS RIGHT Abortion has often been deemed the key issue behind Democrats polling rebound this summer. But NYTs Nate Cohn writes that another factor shouldnt be overlooked: Gas prices fell steadily over the same period, tracking neatly with the political turnaround. And as some economic indicators have worsened again in the past few weeks including gas prices halting their decline the polls have stopped improving for Dems.

BATTLE FOR THE HOUSE

GABE INCOGNITO New Mexico Democratic congressional nominee GABE VASQUEZ gave an interview to a local TV station as James Hall at a 2020 Black Lives Matter rally, The Washington Free Beacons Collin Anderson reports. We need serious police reform in this country, he said in the interview. Its not just about defunding police, its about defunding a system that privileges white people over everyone else.

In a statement to Playbook, a campaign spokesperson disputed the Free Beacon framing: Gabe did not give a fake name. That name was attributed to him by the news station when he declined to give his name as he wanted the focus to be on the organizers. Vasquez, who is seeking to unseat GOP Rep. YVETTE HERRELL, added in a statement, I oppose defunding the police, citing his funding votes on the Las Cruces City Council.

BATTLE FOR THE STATES

MASTRIANO FLAILING DOUG MASTRIANOs Pennsylvania GOP gubernatorial campaign is struggling with minimal infrastructure, sparsely attended rallies and an advertising drought, NYTs Reid Epstein reports in a brutal story from Harrisburg. The Republican Governors Association has no plans to help him out. Ive not seen anything that is even a semblance of a campaign, says one top Pennsylvania Republican. Mastrianos far-right campaign is a test of whether an ultra-Trumpist strategy can prevail avoid the news media, double down on the base with few indicators of success so far.

Stunning data point: Along with Mr. Mastriano in Pennsylvania, Trump-backed candidates for governor in five other states Arizona, Illinois, Maryland, Massachusetts and Michigan have combined to air zero television advertisements since winning their primaries.

DOWN BALLOT Texas Democrats are hoping AG nominee ROCHELLE GARZA has a shot at unseating KEN PAXTON, focusing on persuading moderates to abandon the GOP incumbent over his legal scandals, WSJs Elizabeth Findell reports from Austin. Paxton is under indictment and a separate FBI investigation, potentially positioning Garza, a civil rights lawyer, as Dems best hope statewide in November. But Garza has struggled to raise money, keeping her off the airwaves. And Paxton is casting her as too liberal for Texas.

Arizona Republican secretary of state nominee MARK FINCHEM failed for years to follow state laws requiring elected officials to report their sources of income and business ties, the Arizona Republics Robert Anglen reports the very laws hed be in charge of overseeing. Finchem did not disclose nearly $2,000 a month in pension benefits and a few businesses in which he was involved from the time he took office in 2015 until January.

HOT POLLS

Pennsylvania: The Phillips Academy Poll shows very tight races: Democrat JOHN FETTERMAN leads MEHMET OZ in the Senate campaign 47% to 45%. And despite that NYT article above, Democratic gubernatorial nominee JOSH SHAPIRO is barely ahead of Mastriano, 46% to 43%.

Oklahoma: GOP Gov. KEVIN STITT is just 3 points ahead of JOY HOFMEISTER, 47% to 44%, per KOCO 5-Amber Integrated.

South Dakota: Republican Sen. JOHN THUNE leads BRIAN BENGS 46% to 33%, per a new Dem poll from Lake Research Partners.

HOT ADS

With help from Steve Shepard

Georgia: Borrowing a page from the 2008 JOHN McCAIN playbook, GOP Gov. BRIAN KEMPs leadership committee is out with a new ad calling Democrat STACEY ABRAMS Celebrity Stacey, including images of magazine covers and footage of Abrams behind the scenes filming a cameo on the series Star Trek: Discovery.

Ohio: Democratic Rep. MARCY KAPTURs latest ad features RICK GOODMAN, a Republican voter, who says he cant support GOP nominee J.R. MAJEWSKI because of Majewskis extreme beliefs. Theres something wrong with that guy, Goodman says.

JAN. 6 AND ITS AFTERMATH

COMMITTEE LATEST The House Jan. 6 committee subpoenaed Wisconsin state House Speaker ROBIN VOS this weekend to learn more about a call he had with Trump in July. Vos sued to block enforcement of the subpoena in an emergency lawsuit. The committee initially demanded that Vos testify by this morning, though Kyle Cheney reports in Congress Minutes that the deadline has been extended as the parties await a judges ruling on the matter.

INSIDE ACCOUNT Former Capitol Police Chief STEVEN SUND, who commanded the force during the riot, said he will break my silence and reveal everything that I know happened in a new book, Courage Under Fire: Under Siege and Outnumbered 58 to 1 on January 6, set to come out just ahead of the riots second anniversary. His publisher, Blackstone, says Sund will include a never-before-heard accounting of a call from the White House amid the riot and never-before-detailed conversations he had with congressional leaders, APs Hillel Italie reports.

THE PLOT TO SUBVERT THE ELECTION PHIL WALDRON texted then-White House chief of staff MARK MEADOWS in December 2020 about his efforts to find election fraud in Arizona and Georgia, CNNs Zachary Cohen reveals. Waldron, a prominent promulgator of fraud conspiracy theories, called Arizona our lead domino we were counting on to start the cascade, and Meadows texted him that opponents efforts to stop Waldron from accessing voting machines were [p]athetic. Despite attempts to distance himself from the more dubious attempts to keep Trump in office, the messages underscore how Meadows was an active participant.

THE HUNT FOR VOTER FRAUD The Arizona AGs efforts to detect voter fraud over the past few years have turned up few cases and rather than bolster confidence in elections, the absence of massive fraud has just fueled more bogus theories and distrust, WaPos Beth Reinhard and Yvonne Wingett Sanchez report from Phoenix. Now, as more Republican-led states implement similar efforts, Arizona stands as a cautionary tale of devoting state resources to baseless claims of widespread fraud. The election crimes unit, which was created after Democrats won key races in 2018, hasnt satisfied Republicans who say its done too little. But its existence has nonetheless helped undermine trust in elections.

WHO YOU GONNA CALL After former Rep. DENVER RIGGLEMAN revealed that there was a call from a White House landline on the afternoon of Jan. 6 to someone who stormed the Capitol, CNNs Jamie Gangel and Elizabeth Stuart today pulled back the curtain on one half of the call: The recipient was ANTON LUNYK. A 26-year-old Brooklyn man, Lunyk was sentenced earlier this month for criminally illegally demonstrating inside the Capitol. But Lunyk says he doesnt remember receiving the nine-second call and claims he doesnt know anyone who worked in the Trump White House. Its still not clear who placed the call or whether its of any real significance.

ROCKY RHODES From Phoenix, APs Jacques Billeaud and Lindsay Whitehurst trace the path of STEWART RHODES from an elite Yale Law pedigree and work as a RON PAUL staffer to founding the extremist Oath Keepers militia, ahead of his seditious conspiracy trial Tuesday. For Rhodes, it will be a position at odds with the role of greatness that he has long envisioned for himself, said his estranged wife, TASHA ADAMS. He was going to achieve something amazing, Adams said. He didnt know what it was, but he was going to achieve something incredible and earth shattering.

JUDICIARY SQUARE

SCOTUS WATCH The Conference of Chief Justices doesnt usually weigh in on Supreme Court cases, let alone controversial ones. But the bipartisan group of the countrys top state court judges is urging the Supreme Court not to upend election law this term by adopting the radical independent state legislature theory, which could allow state legislatures to override constitutions without judicial review on election changes, NYTs Adam Liptak reports. The case could transform redistricting and other election litigation, too.

Bloombergs Greg Stohr previews the term to come, in which the courts conservative majority looks set to pull American jurisprudence further to the right on a variety of issues, from the Clean Water Act to the Voting Rights Act to affirmative action to same-sex wedding services. The revolution is proving as wide as it is deep, he writes. With the conservative legal revolution marching on, the question is increasingly not so much where the Supreme Court is going as how quickly its going to get there.

THE WHITE HOUSE

FLORIDA FEVER Bidens postponement of a Florida campaign swing due to Hurricane Ian belies the White Houses uncertainty about how to treat the swing state thats tinting red, NBCs Mike Memoli reports: For weeks, there has been a debate among Biden advisers about whether to elevate [Gov. RON] DeSANTIS at a time he clearly welcomes engaging in the national conversation.

TRUMP CARDS

RECORDS REQUEST The National Archives has to inform the House Oversight Committee by Tuesday whether its still missing records from the Trump White House, WSJs Siobhan Hughes previews.

ON THE FRINGES How a QAnon splinter group became a feature of Trump rallies, by WaPos Isaac Arnsdorf in Wilmington, N.C.: Numbering about 100, they can be spotted by their lanyards sporting as many as 16 commemorative buttons from each rally they have attended. The arrival of the QAnon group [Negative48], however, has led to a silent standoff with Trumps team, raising concerns that they could disrupt events, alienate other fans, distract from the former presidents message or generate bad publicity.

AMERICA AND THE WORLD

TIKTOK ON THE CLOCK TikTok and Biden administration have ironed out the fundamentals of a deal to take care of national security worries around the app, but it still needs to surmount some final negotiating hurdles, NYTs Lauren Hirsch, David McCabe, Katie Benner and Glenn Thrush report. The draft agreement would change the apps governance, algorithms and data security but not its ownership structure. ByteDance wouldnt be required to sell TikTok (a potential political vulnerability for the Biden administration). A final deal could still be months away, though, as Deputy AG LISA MONACO and Treasury officials have raised continuing concerns about China and national security.

THE ECONOMY

WHAT RON KLAIN IS READING Manufacturing in the U.S. is enjoying a renaissance the likes of which we havent seen in decades and this iteration looks different than it used to, NYTs Jim Tankersley, Alan Rappeport and Ana Swanson report. The center of gravity is shifting from the Rust Belt to the Mountain West and Southeast. And instead of reshoring jobs in the industries of yore, the new manufacturing boom comes in the likes of pharmaceuticals and craft beers. Economists attribute the strong bounce-back to the unusual aspects of the pandemic-triggered recession. The Biden administration also touts the American Rescue Plans role in helping revitalize.

A BIT OF RELIEF Apartment rent prices in August fell 0.1% from July, the first time theyve declined since December 2020, new CoStar Group data shows, per the WSJ.

POLICY CORNER

BIG AFTERNOON READ How Policy Got Done in 2022, by The American Prospects David Dayen: To understand the Democrats big climate and health care bill, you must go back decades.

UP IN THE AIR The Transportation Department today is rolling out a proposed new rule that would force airlines and travel websites to tell customers up front about extra fees, CNNs Kate Sullivan reports. At todays White House Competition Council meeting, Biden is expected to call on other agencies to take similar action to increase transparency and limit add-on fees for American consumers.

THE PANDEMIC

GETTING A BOOST Pfizer and BioNTech today said they asked the FDA to authorize their new Omicron-specific coronavirus vaccine booster for kids ages 5 to 11. More from USA Today

PLAYBOOKERS

MEDIA MOVE Elahe Izadi will co-host WaPos Post Reports podcast. Shell also continue as a media reporter. Announcement

TRANSITIONS Dan Jasper is now a policy adviser for Project Drawdown. He previously was Asia public education and advocacy coordinator at the American Friends Service Committee. Charles Williams is now manager for advocacy and government affairs (federal) for the Cystic Fibrosis Foundation. He most recently was legislative assistant for Rep. Carolyn Maloney (D-N.Y.). Peggy Ellis is now a strategic partner with Strategic Elements. She currently is president and founder of Ellis and Co., and is a DOT and RNC alum.

Corrections: Tuesdays Playbook PM misspelled Madison Malins name. Fridays Playbook PM mistakenly included Sen. Amy Klobuchar (D-Minn.) in a spotted item at a Moon Rabbit lunch.

Sponsored Survey

WE VALUE YOUR OPINION: Please take a quick,three question surveyand tell us what you think about one of our advertising partners.

CORRECTION: An earlier version of this newsletter incorrectly described the office Republican Mark Finchem is seeking in Arizona. He is running for secretary of state.

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POLITICO Playbook PM: Mitch McConnell and the tale of two moderate Dems - POLITICO - POLITICO

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Cam’ron and A-Trak ‘U Wasn’t There’ Review – slantmagazine

Posted: at 7:49 am

A brief 9-track collaborative release from Harlem rapper Camron and Canadian DJ A-Trak, U Wasnt There successfully evokes a now-antiquated era of hip-hop that dominated New York City during the early aughts, typified by the splashy sonic and visual aesthetics of the larger-than-life rap collective the Diplomats. But while the project boasts a consistent production palette that faithfully replicates Dipsets stadium-sized soundwith their namesake even alluded to on the triumphant closer Dipshitsit also serves little practicality beyond providing its central performer one more low-stakes opportunity to relive his past glory days.

Camron is content to take a victory lap here, often restating his now decades-old accomplishments. On What You Do, he claims that his rsum speaks for itselfhe cursed Bill OReilly out, produced a few movies with Queen Latifah, condemned snitching on national televisionand then proceeds to end his verse on a dated punchline about receiving oral sex from Monica Lewinsky, dulling any impact those previous triumphs may have had.

Camron eventually back-peddled on the snitching remark, and OReillys verbal lashing was far more Damon Dashs doing than Killah Cams. The former co-founder of Roc-A-Fella Records makes three separate (yet all equally overcooked) appearances on the albumtwo DJ Khaled-esque spoken-word outros and a never-ending skitwhere his grandiose assertions about his friendship with Cam are so po-faced they lack any real sense of camaraderie.

This brand of dour bravado, thankfully, isnt an issue when it comes to Camron, whose reliably daffy, buoyant personality instills a brash flippancy into many of the songs on U Wasnt There. Theres an offhanded charisma to the way he delivers his absurdist punchlines, like how he twists his cadence on the lovesick Cheers and turns a rational explanation of public affectionI liked the picture cause I liked the pictureinto a comically flirtatious gesture.

The rappers tendency to go leftfield with his humor can be both a blessing and an intermittent curse. The wisecracks he sprinkles throughout Ghetto Prophets take the form of either genuine witthe numerical wordplay of she about a seven, so I took her a four-staror cheap payoffs that are beneath him, like the unimaginative sarcasm found in his voice when he grades a dates sexual performance rather poorly (a C plus).

Ghetto Prophets, though, still finds Camron at his most unwavering. His strong-armed flow works in lockstep with the tracks bombastic production; he seems unfazed by everything else going on around him as he muscles on through. Its also notably one of the few moments on U Wasnt There where Camron isnt resting on his laurels, where hes finally able to surpass the low expectations hes set upon himself and his collaborators.

Score:

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As the Economy Collapsed, Why Were Economists Silent? – The Epoch Times

Posted: at 7:49 am

Commentary

Public health as a profession has fallen into dispute but it is hardly the only one. The economists bear responsibility too, for it is they who should have been aggressive, open, and loud about every aspect of the pandemic policy response. And yet, they were largely silent as markets were wrecked, Congress blew up the budget, and the Fed flooded the world with newly printed cash to pay the bills.

Every bit of training in economics should have signaled that this was not the right path. And yet all surveys we have from the last 30 months show that most establishment economists had not much to say at all. How to explain this? Its a combination of intellectual failing, cowardice, and careerism.

Today we are paying a very heavy price as economic conditions the world over grow ever worse.

The history of this intellectual apostasy is unerasable. For example, in late March 2020, the IGM Forum at the University of Chicago polled economists nationwide, as they have been on various issues for ten years, concerning the lockdowns. Enough of them acquiesced to the prevailing strategy to make it policy for the national press to announce with confidence that economists are all for these wealth-destroying measures.

Incredibly, and to the everlasting disgrace of all those polled, not one single American economist who was asked was willing to disagree with the following statement: Abandoning severe lockdowns at a time when the recurrence in infections remains high will lead to greater economic damage than sustaining the lockdowns to eliminate resurgent risk.

Fully 80 percent of American economists agreed or strongly agreed. Only 14 percent were uncertain. Not one economist polled disagreed or had no opinion. Not one! This allowed Vox to announce triumphantly: Top economists warn ending social distancing too soon would only hurt the economy. Further: There is no evidence of a disjuncture in views between what public health experts think and what economic policy experts think.

It was the same in Europe. Economists polled there were all for this completely destructive, unworkable, and essentially insane policy that had never been tried before to deal with a new virus that we knew then was mostly a threat to people above 70 years of age with comorbidities.

Why was it not obvious that the right approach was to encourage the vulnerable to shelter and otherwise let society function as normal? Anyone who raised such an incredibly obvious question about lockdowns was shouted down. Dont you dare question expert opinion! Look how the economists agree!

Who precisely is on the list of the economists surveyed in this poll? There are eighty of them. You are welcome to have a look at their names and affiliations. You will notice that, without exception among the Americans, they have Ivy League associations.

Now, this is a puzzle. Theres no question that elite opinion was squarely on the side of unprecedented restrictions on the lives of citizens. Did these people study virology? Did they look at the data? Did they know something by virtue of their elite affiliations that the rest of us did not know? Did their models give them special insight into the future?

The answer is surely no in each case. What we have here is a demonstration that even the smartest people are susceptible to the frenzies of political fashion, groupthink, crowd psychology, and mob behavior.

It was clear by late March which way the winds were blowing. And people of a certain status, even if they do not share in the panicked attitudes of people on the street, are savvy enough to know what they are supposed to say and when. They too experience fear; it is a different kind of fear, one for their reputations and professional standing.

The courage to stand up against prevailing winds is rare indeed, even for those who can afford to do so. To be sure, I knew plenty of economists who were against the lockdowns. Donald Boudreaux, David Henderson, Gigi Foster, and a few others wrote articles and said so. Among major public figures, only Ron Paul spoke out from day one. Its true that they were a tiny minority but they did exist. They also took enormous professional risks in daring to defy what quickly emerged as mainstream opinion.

All of which still begs the question of the rationale that the economists gave to justify their destructionist posture. Here is where a remarkable piece by Jayanta Bhattacharya and Mikko Packalen provides great insight.

The first justification concerned the precautionary principle. Here is the idea that in the presence of uncertainty, it is better to be safe than sorry. The principle got a huge boost from the movie Jaws: the police chief was right that they should have closed the beaches given the well-founded worry that a giant shark was on the loose. Those who ignored his advice were responsible for lives lost.

Its not obvious how this principle should lead immediately to lockdowns for COVID. We knew from mid-February that the risk gradients put the danger of this virus squarely on the old and infirm. The data was clear. The virus would become endemic just as all previous ones had, via natural immunity. That was going to happen regardless. You can prevent a shark attack by closing beaches but you cannot make a virus go away by closing economies!

Whats more, the precautionary principle has to apply to policies too. Lets say that we had some uncertainty about the virus. We still had absolute certainty about the consequences of lockdowns. We knew it would lead to business failure, depression, demoralization, capital destruction, supply-chain breakage, and vast loss without precedent. They favored the lockdowns anyway, trading in what they knew for sure with concern for that which they knew almost nothing.

This was highly irresponsible. A consistent application of the precautionary principle would also have assumed the worst about the collateral harms of COVID restrictions, our authors write.

The second justification is even more strange. Based on cell-phone mobility data coming out at the time, economists found a way to say that the lockdowns were really a market response to the virus, not a consequence of government policy. You see, the data showed that people were canceling dinner reservations and trips and generally staying off the highways.

Therefore:

Economists reasoned that the virus, not lockdown, caused economic harm. There was no tradeoff between viral spread and the economy, economists intoned. Lockdowns would stop the virus, and our lockdowns would not impose meaningful costs on society either at home or globally (in spite of the heavily connected global economy), economists reasoned.

Even at this time, I heard friends and colleagues saying these things, much to my astonishment. I knew for sure that it was all incorrect. Yes, some of the loss of mobility reflected virus fears but those fears themselves were irrational and fanned by media hysteria. They might have disappeared in days or weeks but for the forced lockdowns.

In addition, the mobility loss was in part due to public fear about the government response. There had been talk of closures and quarantines since early February. Everyone could see what was going on in China. It was hard to imagine that the same would happen here, but Americans know not to trust the government. We knew they were capable of anything.

Even on March 12, 2020, I was very reluctant to board an Amtrak, not because I thought I might get COVID but rather because I knew for sure that a panicked government had the power to stop the train and put us all in quarantine camps. This fear was legitimate, and a major reason why people stayed home.

This was NOT market workings. It was fear of government and trickery by media that drove the results. As our authors write:

The idea that people would have voluntarily locked anyway is spurious and ignores the grave distributional impacts of lockdowns. A lockdown imposes the same restrictions on everyone, whether or not they can bear the harm. Nevertheless, many economists favored imposing formal lockdowns and shelter-in-place orders rather than offering public health advice.

Of all people, the economists should have known. If they did know, not enough spoke out. The whole scene reminds me of the Prohibition period during which all the leading economists stepped up to defend and rationalize the policy that everyone knew was on its way.

It took more than ten years before it became stunningly obvious how goofed up was that opinion all along, that it completely failed to think through what economists are trained to think about, namely the relationship between means and ends and the tradeoffs involved in every policy decision.

The economists should have been out front in warning ahead of time where lockdown policies would take us. Its a tragic historical fact that they did not.

Why exactly do we pay intellectuals? So that they can use their knowledge and wisdom to provide guidance away from catastrophe and toward a better world. They failed to do so, and here we are.

Views expressed in this article are the opinions of the author and do not necessarily reflect the views of The Epoch Times.

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CBDCs, SDRs, and the Re-Monetization of Gold Here’s What Happens Next – International Man

Posted: at 7:49 am

The current monetary system is on its way out.

Even the central bankers running the system can see that.

Thats why they are preparing for what comes next as they attempt to reset the system.

Its important to emphasize that nobody knows what the next international monetary system will look likenot even the elites. However, they know what they want it to look like and are working hard to shape that outcome.

Next, Ill examine their preferred outcome.

The new international monetary system the central bankers would prefer involves central bank digital currencies (CBDCs) and the International Monetary Funds Special Drawing Rights (SDR) replacing the US dollar as the worlds new reserve currency.

Despite all the hype, CBDCs are nothing but the same fiat currency scam with a new label on itand zero privacy. They will make it even easier for the government to inflate the currency, and thats what I expect them to do if they impose CBDCs on us.

However, its doubtful CBDCs can save otherwise fundamentally unsound currenciesas I believe all fiat currencies are.

If paper fiat currency is not viable as money, CBDCs are even less viable as they enable the government to engage in even more currency debasement.

Would a CBDC have saved the Zimbabwe dollar, the Venezuelan bolivar, the Argentine peso, or the Lebanese lira?

I dont think so.

And a CBDC wont save the US dollar or the euro either.

But that doesnt mean governments wont try to implement CBDCs out of desperation with immensely destructive consequences for many people.

Then theres the IMF, the quintessential globalist institution that acts as a global central bank. Faceless and unaccountable bureaucrats at the IMF create the SDR out of thin air.

The SDR is simply a basket of other leading fiat currencies. The US dollar currently makes up 42%, the euro 31%, the Chinese renminbi 11%, the Japanese yen 8%, and the British pound 8%.

In other words, the SDR is a fiat currency based on other fiat currencies.

In short, I dont think these gimmicksthe SDR and CBDCsare workable.

On the contrary, they have even worse flaws than the current failing fiat system. Nonetheless, the elites and central bankers are pushing hard for them.

I view it as the desperate last gasps of a dying system.

If CBDCs and the SDR fail to revitalize the fiat systemas I suspect will happenthen the central bankers have only one other option left.

They will have to find a way to restore confidence or risk the entire monetary system disintegrating. That would mean governments losing all their power, which they, of course, prefer to avoid.

If it comes down to thatand theres a good chance that it willgovernments will have no choice but to go back to gold as the foundation of the international monetary system.

Sound money advocate Ron Paul said it best:

What none of them (politicians) will admit is that the market is more powerful than the central banks and all the economic planners put together. Although it may take time, the market always wins.

Heres the bottom line.

Gold is a far better form of money than the rapidly inflating paper and digital currencies that central banks are peddling.

Governments cant force an inferior monetary goodfiat currencyon the whole world forever. Its inevitable economic reality will assert itself. And that moment could be soon.

Central banks and governments are the largest holders of gold in the world. Together they own over 1.1 billion troy ounces of gold out of the 6.6 billion that exist above ground.

This enormous stash of gold acts as a fail-safe option. Governments have it in their back pocket as a Plan B in case theres a monetary emergency and they need to restore confidence.

Central bankers dont want to go back to gold, but they will have no choice if their fiat system collapses, forcing their hands.

There are plenty of signs that governments are increasingly hedging their bets with gold recently.

Take Russia and China, for example. Its no secret that they have been stashing away as much gold as possible for many years.

China is the worlds largest producer and buyer of gold. Russia is number two. Most of that gold finds its way into the Russian and Chinese governments treasuries.

Russia has over 74 million ounces of gold, one of the largest stashes in the world.

Nobody knows Chinas exact amount of goldBeijing is notoriously opaquebut most observers believe it is even larger than Russias stash.

Russia and Chinas gold gives them access to an apolitical neutral form of money with no counterparty risk. Moreover, they can use their gold to engage in international trade and perhaps back the currencies.

Gold represents a genuine monetary alternative to the US dollar, and Russia and China have a lot of it. Moreover, they are already using gold to bypass various US financial sanctions.

Today its clear why China and Russia have had an insatiable demand for gold. Theyve been waiting for the right moment to pull the rug from beneath the US dollar.

And now is that moment

Russia and Chinas gold could form the foundation of a new monetary system outside of the control of the US.

Such moves would be the final nail in the coffin of the international monetary system based on fiat currency and the US dollar.

Editors Note: The economic trajectory is troubling. Unfortunately, theres little any individual can practically do to change the course of these trends in motion.

The best you can and should do is to stay informed so that you can protect yourself in the best way possible, and even profit from the situation.

Thats precisely why bestselling author Doug Casey and his colleagues just released an urgent new PDF report that explains what could come next and what you can do about it.

Click here to download it now.

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Cyborg Sapiens Book Opening Window on Future Presented in Athens – The National Herald

Posted: September 22, 2022 at 12:13 pm

ATHENS The recently-released book Cyborg Sapiens, written by Dimitris Orfanidis and published by Elkistis, covers very serious topics Artificial Intelligence, the Upgrading () even the transformation, of the human species via technological implants and genetic alteration, etc. Precisely because they address realities that may be coming but cannot yet be grasped, attention has been drawn to this publication precisely because it is a book of poetry, not non-fiction poets and artists being historically the presenters of states of being that are not visible or here yet.

The book presentation September 19 at the War Museum in Athens featured a learned panel moderated by journalist Fanis Papathanasiou. The participants were Orfanidis, Theofanis Tasis, professor of Contemporary Practical Philosophy at the Alpen Adria Universitt, who also teaches at College Year in Athens, Sonia Tourkolia, president of Educational and Cultural Society of Kyparissias, Sophia Lignou, President of Greeces Court of Appeals, and actor Vassilis Paleologos.

The event was organized by the society Literary Circle of Greek Judges( ) and indeed the Amphitheater was filled with judges, lawyers, and artists. Lignou is the Societys current president, Orfanidis, a judge of the Court of Appeals, is its Past President and current General Secretary.

A lively Q & A followed and Xenia Dimitriou, past Prosecutor with the Supreme Court of Greece, noted Orfanidis succeeded with his small volume of poems in eloquently encapsulating writing on the topic to date.

The value of the event, however, was the dramatization of such matters material that seems far off and abstract to us when encountered in books and articles through readings by Paleologos and others of the poems, many of which are in the voices of individuals of the future who are already living the realities being addressed. The poetry shows that while we cannot predict facts, one can explore the implications, legal, ethical, spiritual, of current developments.

Orfanidis fourth published poetry collection was inspired by a life experience. He was shaken by the power of technology to seize our souls. While he was enjoying a beautiful vista on the seashore, he noticed someone nearby captivated by a similar view on his cell phone. That prompted him to devour existing writing on these topics, books like Homo Deus and works by Professor Tasis.

Tasis and Orfanidis and later the Q&A participants touched on notions practical and philosophical: How and where are lines to be drawn? Who draws the lines and makes the decisions? Who gets the new goodies and how? What are the points of no return we must look out for and will we be able to see and act upon them in time?

The ideas that emerged during the event and the reception that followed in the Museums Foyer were pessimistic but fear is a good engine for driving people to learn and prepare to act, and that motivates the efforts of both Orfanidis and Tasis.

The discussions showed there are many slippery slopes here, as well as lines that are seemingly strongly drawn but in reality are too easily smeared.

Much has already happened, as some participants noted. We interact with AIs on the phone without realizing it. Will they gain consciousness and become our rivals or will they develop into less threatening things, not artificial persons but just cognitive functions that will add their (considerable) power to the invisible hand of the free market that already makes so many of our individual and collective decisions?

Almost everyone agrees implants would be a blessing for healing people with hearing, seeing, or even cognitive disabilities but once the hardware and software in mastered, the leap from maintaining health to granting super powers is small.

And to what degree can individuals or societies just say no to things like brain enhancements, for adults and for their children, when companies and schools might merely just suggest it but those who dont go alongare cast aside or left behind?

The poems also ask at what point do humans with implants and other enhancements become Cyborgs? Would they constitute a new species? Are we here we enter the realm or science fiction (or are we already there) who remain human going to be subjugated or eliminated by the transhuman? Again, how do you apply the brakes? Who applies the breaks?

The discussion also addressed the rise of political or religious movements that might try to advance the process perhaps erasing or replacing God or thwarting it.

With titles like Artificial Salvation, Not a (Big) New Deal, Artificial Intelligence Service, Fake Babies, Dolce Vita, and of course, Brave New World, Cyborg Sapiens is a lesson on the power of poems and a sermon on taking greater responsibility for the future.

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America embraces the fourth industrial revolution – The Post – UnHerd

Posted: at 12:13 pm

Spotted

07:30

by Mary Harrington

Do you trust this man? Credit: Getty

Biotech is entering a new era, with massive US government support: last week the US Government signed an executive order that assigned $2 billion in government funding for high risk, high reward biotech projects such as CRISPR gene editing, artificial meat and further development of the mRNA technology behind the Covid vaccine.

With this shift, as I noted last week, a new paradigm of health is emerging, not as a default state where doctors are on hand to help get us back to normal when something goes wrong. In the new, transhumanist vision, humans are a kind of meaty machine whose basic functioning can be engineered toward a vision of health thats something more than the default, via biomedical interventions. And doctors are engineers we depend on in perpetuity to keep supplying new and better upgrades.

Last weeks executive order gave another signal that this dream of engineers with limitless power to upgrade nature is increasingly dominant within the worlds only superpower:

- U.S. Government

In the paragraphs that follow theres plenty of throat-clearing about protecting against accidental or deliberate harm, and safeguarding United States principles and values and international best practices. But anyone who feels reassured as a result should glance again at the third sentence in the passage Ive quoted, which makes it clear that this path of limitless upgrades will be open from the word go to commercial exploitation.

For we already have a well-worked example of how easily harm can be redefined, as values come under pressure from commercial imperatives: child gender transition. Consider, for example, the different perverse incentives in publicly and privately-funded healthcare systems where this protocol is concerned. In recent years, European nations with publicly funded healthcare systems have rowed back on paediatric gender medicine, for example citing severe side effects and lack of evidence. America, though, has an insurance-based healthcare system, where the incentive is for more and more advanced and expensive interventions and here, perhaps coincidentally, senior public medical officials call the protocol essential, life-saving and evidence-based.

And while the NHS is closing its only child gender clinic, calling it inadequate, in the US gender care for children is an explosive growth area. The first such US clinic opened in 2007, and there are now (according to the HRC) 50 such institutions, though the real number is probably as high as 300 clinics providing biomedical upgrade services to children.

Of course its not just about following the money; its also about values. America has long valorised those who overcome odds or disregard limits to realise a seemingly impossible dream. So when new technologies promise to overcome our physiological limits, extending that American Dream to human nature itself, no wonder many are enthused. And from this perspective, the harm and violation of values consists in submitting to unchosen biophysical norms. Here, radical interventions are defended as a means of protecting children from the trauma of undergoing the wrong puberty.

We are plunging blindly into the so-called Fourth Industrial Revolution, guided by an ascendant paradigm that views harm as a refusal to intervene in whats normal and health as structurally reliant on ongoing biomedical intervention. The reality, though, often falls short of this hubristic dream. Theres already no shortage of testimony from children who regret having interrupted their normal maturation and irreversibly surgically re-sculpted their bodies in accordance with the transhumanist paradigm of freedom-through-upgrades.

And when we extrapolate the now US Government-backed drive to accelerate biotech innovation, we can reasonably expect these children to be merely the first bow-wave of living collateral damage. If we continue on this path without any framework for defending our normal human organisms as right in themselves, without upgrades, there will be plenty more.

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America embraces the fourth industrial revolution - The Post - UnHerd

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