Monday, April 11, 2022

Monday Reading

 

As always, please go to the links for the full articles/ op eds.

In a bit of a dog-bites-man revelation, the January 6 committee, in the form of Rep. Liz Cheney, has enough goods on the Malignant Loser to make a criminal referral to the DOJ:

The House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol has enough evidence to refer former President Donald Trump for criminal charges, the vice chair of the panel, Rep. Liz Cheney (R-Wyo.), said Sunday.

“It’s absolutely clear that what President Trump was doing, what a number of people around him were doing, that they knew it was unlawful. They did it anyway,” Cheney told CNN’s Jake Tapper on “State of the Union.”

She was responding to a New York Times report that the committee leaders were divided over whether to criminally refer Trump to the Justice Department, despite concluding they had enough evidence to do so on charges of obstructing a congressional proceeding and conspiring to defraud the American people. The report cited people involved in the discussions.

According to Cheney, the committee has not yet decided whether to make a referral.

“I think what we have seen is a massive and well organized and well-planned effort that used multiple tools to try to overturn an election,” Cheney said.

The division over referral seems to center around whether it would complicate any ongoing investigation that DOJ was already conducting--  an investigation, we might add, that is very slow in developing and whose targets remain largely unknown.

Putin's kleptocracy is on the verge of defaulting on its bond payments:

Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars owed to foreigners. That prospect recalls memories of a 1998 default by Moscow that helped fuel financial disruption worldwide.

Ratings agency Fitch said Wednesday that “a default or a default-like process has begun” because Russia missed a March 2 payment to foreign investors, such as funds that invest in emerging market bonds. That set off a 30-day grace period before the country would officially default.  [snip]

Once a country defaults, it can be cut off from bond-market borrowing until the default is sorted out and investors regain confidence in the government’s ability and willingness to pay. Russia’s government can still borrow rubles at home, where it mostly relies on Russian banks to buy its bonds.

Russia is already suffering severe economic impact from the sanctions, which have sent the ruble plunging and disrupted trade and financial ties with the rest of the world.

So the default would be one more symptom of Moscow’s wider political and financial isolation as a result of its invasion of Ukraine.

Sad!

They're going to a runoff in France's elections, as expected.  And the stakes are high, as E.J. Dionne, Jr., lays out:

French President Emmanuel Macron, the forces of liberal democracy and the alliance against Ukraine won a reprieve in the first round of France’s presidential election on Sunday.

Despite the worries of Macron’s supporters that he would barely take the top spot, he won 27.4 percent with nearly all the votes counted, well ahead of far-right candidate Marine Le Pen, who secured 24 percent in her third presidential contest. Macron’s relatively strong showing increased the likelihood that he will prevail when the two face off in the second round April 24. [snip]

Sunday’s outcome was a relief for Macron, an eloquent defender of liberal democratic values. A critic of a narrow and authoritarian nationalism, he drifted to the right on immigration in the face of the right-wing challenge.

Most Western leaders — center-left and center-right — will be rooting hard for Macron for fear that Le Pen, whose party was supported financially by Russian banks, will threaten the European Union and unified Western support for Ukraine. Macron will surely use Le Pen’s ties to Russian leader Vladimir Putin against her. After Russia invaded Ukraine, her campaign had to discard more than 1 million leaflets containing a picture of her smiling alongside Putin.  [snip]

The good news Sunday is that the total for the two extreme right candidates was lower than seemed likely only a few months ago. But the burden on Macron is enormous. He must fend off a far right that threatens not only his own nation, but liberal democrats everywhere — and, perhaps most immediately, the people of Ukraine.

Lastly, please consider a visit to Infidel 753's link round-up to interesting posts from around the Internet. His periodic essays on Putin's war on Ukraine are also recommended;  his latest is on Russian atrocities.