07/25/16

The Trump-Sanders Coalition

By: Cliff Kincaid | Accuracy in Media

You know the terms “left” and “right” are losing meaning when left-wing websites are praising the Republican presidential candidate and attacking the Democrat, and Russia seems to be intervening in favor of the GOP.

The Institute for Public Accuracy (IPA), which has been pulling for Bernie Sanders in the Democratic race, has sent out an advisory entitled, “What Trump is Right About: NATO.” On the other hand, Mrs. Clinton’s pick for her running mate, Senator Tim Kaine (D-VA), has been depicted by the same group as a creature of Wall Street.

The IPA is not alone. Journalism Professor Jeff Cohen, co-founder of RootsAction.org and communications coordinator of the Bernie Delegates Network, has been quoted as saying that Kaine is a “corporatist,” or stooge of Big Business. Cohen’s colleague, Norman Solomon, calls Kaine a puppet of the “oligarchy.”

At the same time, WikiLeaks has released an email database from the Democratic National Committee, demonstrating that the DNC intervened in the primary contest against Sanders and in favor of Clinton. Since Russian hackers obtained the DNC emails, it means that Moscow wants to cause mischief on the Democratic side just as Hillary is getting the presidential nomination this week in Philadelphia.

An explanation for this interesting series of events may be found in the IPA news release on Trump and NATO, quoting Professor David N. Gibbs as saying that “Trump’s recent criticisms of the NATO alliance are reasonable.” He adds, “Trump is right to question NATO’s value in promoting U.S. security, and also to raise the issue of the enormous financial cost of this alliance to the U.S. taxpayer.” Gibbs has appeared on RT, the Russia Today propaganda channel.

Trump’s pro-Russian outlook has caused great consternation among conservatives who see the Vladimir Putin regime as the aggressor in Europe and interfering in the Middle East. Trump’s allies vetoed tough language in the Republican platform urging heavy weapons for Ukraine to fight Russian aggression. Instead, the Trump forces inserted language about providing “appropriate assistance” to Ukraine.

By contrast, the Democratic platform is tough on Russia and attacks Trump’s position on NATO. It says, “Russia is engaging in destabilizing actions along its borders, violating Ukraine’s sovereignty and attempting to recreate spheres of influence that undermine American interests. It is also propping up the Assad regime in Syria, which is brutally attacking its own citizens. Donald Trump would overturn more than 50 years of American foreign policy by abandoning NATO partners — 44 countries who help us fight terrorism every day — and embracing Russian President Vladimir Putin instead. We believe in strong alliances and will deter Russian aggression, build European resilience, and protect our NATO allies.”

These words sound great, except for the fact that, as secretary of state, Mrs. Clinton had an opportunity to be tough with the Russians and blew it. Her Russian reset led to the invasion of Ukraine. It also masked the uranium deal highlighted in the movie “Clinton Cash,” based on the book, a deal in which the Russians bought 20 percent of America’s uranium production as millions of dollars flowed to the Clinton Foundation and hundreds of thousands of dollars went to Bill Clinton personally.

Has Hillary Clinton changed her mind on Russia? That’s what the platform would suggest. If so, it would be a big opening for Trump to pounce on her flip-flops. But he hasn’t done so. Instead, he refuses to take on Russian aggression in Europe or the Middle East.

In his speech, however, Trump openly appealed to Sanders supporters, saying they “will join our movement, because we will fix his biggest issue: trade deals that strip our country of its jobs and wealth.”

Trump’s appeal to Sanders supporters is based on trade. But it appears that his pro-Russian foreign policy has some appeal to them as well. If the Sanders supporters perceive Hillary Clinton to be a hawk on foreign policy, as Sanders himself suggested during the campaign, it’s possible they could either sit out the race or vote for the New York billionaire.

Cliff Kincaid

Cliff Kincaid is the Director of the AIM Center for Investigative Journalism and can be contacted at [email protected]View the complete archives from Cliff Kincaid.

06/15/16

Uranium Prices Set To Double By 2018

With prices set to double by 2018, we’ve seen the bottom of the uranium market, and the negative sentiment that has followed this resource around despite strong fundamentals, is starting to change.

Billionaire investors sense it, and they’re always the first to anticipate change and take advantage of the rally before it becomes a reality. The turning point is where all the money is made, and there are plenty of indications that the uranium recovery is already underway.

It’s been a very tough few years for uranium. But it now looks like we’ve reached the bottom, and the future demand equation says there’s nowhere to go but up—significantly up.

Uranium analyst David Talbot of Dundee Capital Markets is forecasting 6 percent compound annual demand growth through 2020, which is enough, he says, to “kick-start” uranium prices up to and beyond 2007 levels. Morningstar analyst David Wang predicts prices will double within the next two years.

Mining Weekly expects “the period from 2017-2020 to be a landmark period for the nuclear sector and uranium stocks, as the global operating nuclear reactor fleet expands.”

“It’s impossible to find another natural resource that is so fundamentally necessary and yet has carried such negative sentiment as uranium. The market has been skewed by negative sentiments that ignore the supply and demand fundamentals,” says Paul D. Gray, President and CEO of Zadar Ventures Ltd., a North American uranium and lithium explorer.

But the toxicity levels have dissipated, and nuclear energy is rebounding as a cleaner power source with next generation safeguards. The fundamentals are again ruling the day, and this will be the key year for uranium,” Gray told Oilprice.com.

Why Sentiment is Changing: Born in Chernobyl, Raised in Japan

The negative sentiment on uranium was largely made in Japan. The 2011 disaster at Fukushima created an irrational disconnect between sentiment and uranium fundamentals.

Now that enough time has passed since Fukushima, this negative sentiment is losing steam as it appears that Japan has succeeded in bringing some of its reactors back online – four of its reactors have already restarted operations. So the world is refocusing on what are arguably brilliant fundamentals, which actually have been there all along.

First and foremost, the world is building more nuclear reactors right now than ever before, despite Fukushima. A total of 65 new reactors are already going up, another 165 are planned and yet another 331 proposed.

Powering all of these developments will require an impressive amount of uranium. Right now, existing nuclear reactors use 174 million pounds of uranium every year. That will increase by a dramatic one-fifth with the new reactors under construction. But in the meantime, uranium producers have reduced output due to market prices and put caps on expansion. As a result, supplies are dwindling.

Currently, the world is increasingly recognizing nuclear energy as the cheaper, cleaner, and greener option—as indicated by the number of reactors being built.

As the specter of nuclear accidents wanes in the aftermath of Fukushima and climate change fears move to the top of the chain, uranium is set for a global sentiment transformation.

As Scientific American opines, “Nuclear energy’s clean bona fides may be its saving grace in a wobbling global energy market that is trying to balance climate change ambitions, skittish economies and low prices for oil and natural gas.”

According to Bloomberg, in Asia alone, approximately $800 billion in new reactors are being developed.

The market hasn’t quite caught on yet to what this massive nuclear development means for uranium because it’s still stuck in the Fukushima sentiment–but the cracks are showing and it’s about to break free.

At the same time, the uranium industry is not producing the uranium needed to feed the hundreds of new reactors slated to come online. Not even close. The uranium is not being produced because producers can’t turn a profit at today’s spot prices.

The minute the market catches on to the massive amount of reactors coming online combined with the pending uranium supply shortage, uranium will experience a price surge like no other commodity before it.

Up to 20 percent of the uranium supply needed to operate the world’s existing 437 nuclear reactors for the rest of this year and next is not covered, according to uranium market analyst David Talbot.

The market has recognized the pending lithium boom, for instance, as heralded by the electric vehicle (EV), battery storage and powerwall push. But the market is sleeping when it comes to uranium, which has even more obviously bullish fundamentals. That’s why when this sleeping giant awakens suddenly with the start-up of new reactors around the world, it will be with a roar that rewards those savvy enough to sneak around the irrational sentiment.

Determining when the break-out will come, exactly, is part and parcel of playing this rally with an eye to massive returns (for which you can thank the negative sentiment if you’re already onto uranium). But all bets are that this year we’ll see the first new reactors come online, and then it will snowball from there, transforming from a buyers’ market into a sellers’ market.

The Billionaires’ Sixth Sense

Billionaire investors are lining up behind uranium with major acquisitions, betting that they are on the edge of a price break-out.

Earlier in June, Hong Kong billionaire investor Li Kashing, though his CK Hutchinson Holdings and CEF holdings, said he would buy $60 million in convertible bonds from NexGen Energy targeting uranium projects in Canada’s Saskatchewan province.

“The current spot prices seem low, but the fundamentals indicate there’s going to be a very large demand and supply gap — that’s what you’re making a call on,” NexGen CEO Leigh Curyer said of the deal. NexGen is slated to start production in the 2020s.

Mr. Li’s $60-million bet on Saskatchewan uranium is near another uranium company, Zadar Ventures Ltd, which has four projects in Saskatchewan and one in Alberta, and stands to benefit from the high-dollar renewed focus on this resource.

The Athabasca Basin is elephant country in terms of uranium deposits. It represents the world’s highest-grade uranium deposits and is the home to all of the major uranium producers, developers and explorers.

If your going to look for the world’s next uranium mine, the Athabasca Basin is the place to do so.

Considering that nearly half of the U.S.’ 57 million pounds of uranium imports last year came from Canada and Kazakhstan, with Canada providing 17 million pounds—these producers are extremely well-positioned for what comes next.

Talbot predicts that the Uranium pound price could reach $65 within two years, and notes that some mines will be extremely profitable at this price—particularly those in the Athabasca Basin and in the western and southwestern U.S., while development of uranium deposits in Africa will require higher prices.

The Athabasca Basin is precisely where Zadar and NexGen operate, along with other promising contenders, including Cameco Corp. (TSX:CCO) and Denison Mines Corp. (DML:TSX).

Last month, billionaire D.E. Shaw let us all know that he’d acquired 1.4 million shares in Cameco, eyeing rising uranium prices, tightening supplies and growing demand—and joining the ranks alongside George Soros. And others have lined up, too, including well-known money managers Ken Griffin, Ray Dalio and Steve Cohen.

Then we have Bill Gates—who has jumped on the uranium bandwagon with great determination. Through his TerraPower company, Gates is developing a Fourth Generation nuclear reactor that would run on depleted uranium, rather than enriched uranium.

Increasingly, this is shaping up to be the the Year of Uranium, but while the market sleeps, big investors don’t: They’ll be all set when uranium experiences a violent upswing, and those operating around the Athabasca Basin are likely to be among the first to benefit from the upward price trend and shrinking supply.

http://oilprice.com/Energy/Energy-General/Uranium-Prices-Set-To-Double-By-2018.html

By. James Stafford of Oilprice.com

05/22/15

How the Media Got Into Bed with the Clintons

By: Cliff Kincaid
Accuracy in Media

Republican operative Karl Rove writes in The Wall Street Journal that “few demonstrate as much contempt for journalists as do Barack Obama and Hillary Clinton.” That may be true for Obama, but Mrs. Clinton has taken a different approach. Her platforms, the Clinton Foundation and its project, the Clinton Global Initiative, have given the appearance of humanitarian work, drawing many big names from the media into her network of influence. No wonder they treat her with deference and respect. The media have been compromised.

“Until late Tuesday afternoon,” reports USA Today, “the Clinton Foundation website listed CNN anchor Jake Tapper as a ‘speaker’ at a Clinton Global Initiative event scheduled for June 8-10 in Denver. After USA TODAY asked CNN about the event, Tapper’s name was swiftly removed from the Clinton Foundation website.”

It appears that Tapper will still participate in the meeting, but not as a speaker.

This Tapper controversy should put an end to the pretense that George Stephanopoulos of ABC News is the only member of the journalism business who was compromised through his involvement in the Clinton Foundation. A list of media members of the Clinton Global Initiative in 2011 included Stephanopoulos and many others:

Christiane Amanpour, Chief International Correspondent, CNN
Thomas Friedman, Columnist, The New York Times
Lionel Barber, U.S. Managing Director, The Financial Times
Nicholas Kristof, Columnist, The New York Times
Maria Bartiromo, Anchor, CNBC (now with Fox Business Network)
Matt Lauer, Host, The Today Show, NBC
Matthew Bishop, New York Bureau Chief and American Business Editor, The Economist
Tom Brokaw, Special Correspondent and Moderator of Meet the Press, NBC News
Greta Van Susteren, Anchor and Host, Fox News Channel
Anderson Cooper, Anchor, CNN
Judy Woodruff, Senior Correspondent, The NewsHour with Jim Lehrer, PBS
Katie Couric, Anchor, CBS News (now with Yahoo)
Fareed Zakaria, Editor, Newsweek International

The pro-Clinton group Media Matters has been having a field day with the news that Fox News personalities were on the list. The group points out that Van Susteren and Bartiromo have both lavished praise on the Clinton Global Initiative for its good work.

For our part, we have been drawing attention to media links to the Clintons for at least 10 years. It wasn’t considered controversial by the media, on the left or right, until the release of Peter Schweizer’s new book, Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich. Schweizer has attempted to link some of the contributions made to the Clintons to actions taken by the Obama administration when Mrs. Clinton was Secretary of State.

We noted back in 2005 that Rupert Murdoch, chairman and CEO of the Fox News parent company, was a participant in the Clinton Global Initiative meeting held in New York in mid-September of that year. As we also pointed out, Clinton himself had appeared on Greta Van Susteren’s Fox News Channel show to promote the event.

That same year we reported that the Fox News Channel, in addition to giving Clinton a platform to talk about his Global Initiative, had done then-Senator Hillary Clinton a big favor by canceling some interviews with Ed Klein, the author of a book critical of Hillary.

Back in 2007 we noted that Murdoch had personally made a $500,000 gift to the Clinton Global Initiative.

“In terms of the Clinton Global Initiative,” Van Susteren told former President Clinton in a 2010 interview, “I’ve seen so many of the good works in terms of the money that goes around the world, whether it’s clean water in different areas. If there is one particular mission for you to describe the Clinton Global Initiative, what is it?”

Clinton’s lengthy reply to this softball question included praise for Frank Giustra, the Canadian business executive, for giving $20 million. Giustra’s donations have subsequently been linked to a plan to win U.S. approval to sell a uranium company to Russia.

Rather than look into the contributions of Giustra and others, Van Susteren encouraged others to contribute to the Clintons. She said to the former president, “A lot of people look at the program, a lot of big names, big contributors and very generous, what about somebody who says I don’t have any big money to contribute. I might have some ideas, or I’m willing to do some leg work to help. How can I participate?”

Isn’t that nice? Even Fox News was in bed with the Clintons.

In a September 27, 2012 column, we pointed out that members of the media scheduled to speak at that year’s Clinton Global Initiative meeting were:

Nicholas D. Kristof, Columnist, The New York Times
Piers Morgan, Host, CNN’s Piers Morgan Tonight
Charlie Rose, Executive Editor and Anchor, “Charlie Rose”
Fareed Zakaria, Host, CNN-GPS

It turns out that 2012 GOP presidential candidate Mitt Romney even attended and addressed that year’s Clinton Global Initiative meeting. Perhaps he had been told by Republican advisers like Rove that it was a humanitarian event with a bipartisan flavor.

“Since serving as President here in America,” Romney declared, “President Clinton has devoted himself to lifting the downtrodden around the world. One of the best things that can happen to any cause, to any people, is to have Bill Clinton as its advocate. That is how needy and neglected causes have become global initiatives.”

The comment goes to show how Clinton, who disgraced himself by having sex with a White House intern and was impeached, has had his reputation rehabilitated. A Republican who got caught doing such things would be forced to slink away and beg for forgiveness from the media.

Romney may have gotten bad advice about going to that event, but it was Romney himself who told Jan Crawford of CBS News during the campaign that the major media were not in the tank for President Obama and that he had no plans to challenge liberal media bias.

No wonder the Democrats are so confident about their ability to manipulate the press. They have the Republicans eating out of their hands.

04/23/15

Hillary Clinton Foundation and Uranium

*** Also see: Cash Flowed Abundantly to the Clinton Foundation as Russians Pressed for Control of Uranium Company

By: Denise Simon
FoundersCode.com

Primer:

The Russian reset via Hillary appears to be uranium and Putin’s control of the same. Reminder, Russia sells uranium to ahem….Iran.

Sheesh, almost by the hour news breaks on the Clinton Foundations(s) where fraud and collusion are bubbling to the surface.

Last week Newsweek broke a story about InterPipe owned by Victor Pinchuk of Ukraine whose financial worth is estimated at $4.2 billion. He is quite close to the Clintons and generous with his money to their Foundations in exchange for policy decisions at the State Department. As an aside, Pinchuk is tied to Tony Blair, Paul Krugman, Shimon Perez, Dominique Strauss Khan, Larry Summers and well yes, even Elton John.

When it comes to Hillary’s run for the Oval Office, these actions may be coming out too soon given election day in November of 2016, but this could all be a good thing as money going into her campaign may slow to a crawl. It should also be noted that the Gowdy Benghazi Commission reports are not slated to be published either until the height of the election season in 2016.

Now let us move on to uranium and Hillary.

Gifts to Hillary Clinton’s Family Charity Are Scrutinized in Wake of Book

State Department sat on panel that approved sale of mine involving contributor to foundation

Hillary Clinton’s State Department was part of a panel that approved the sale of one of America’s largest uranium mines at the same time a foundation controlled by the seller’s chairman was making donations to a Clinton family charity, records reviewed by The Wall Street Journal show.

The $610 million sale of 51% of Uranium One to a unit of Rosatom, Russia’s state nuclear agency, was approved in 2010 by a U.S. federal committee that assesses the security implications of foreign investments. The State Department, which Mrs. Clinton then ran, is one of its members.

Between 2008 and 2012, the Clinton Giustra Sustainable Growth Initiative, a project of the Clinton Foundation, received $2.35 million from the Fernwood Foundation, a family charity run by Ian Telfer, chairman of Uranium One before its sale, according to Canada Revenue Agency records.

The donations were first reported in “Clinton Cash,” a new book by Peter Schweizer, an editor-at-large at a conservative news website, about the financial dealings of Mrs. Clinton and former President Bill Clinton. A copy of the book, set to be released next month, was reviewed by The Wall Street Journal. The book is to be published by HarperCollins, a division of News Corp. NWSA 0.23 % , which also publishes the Journal.

The book adds fresh details to previous reporting by the Journal and others about potential conflicts between Mrs. Clinton’s private charitable work and her public activities as secretary of state. The Journal reported in February that at least 60 companies that lobbied the State Department during her tenure donated a total of more than $26 million to the Clinton Foundation.

Josh Schwerin, a campaign spokesman for Mrs. Clinton, the front-runner for Democratic presidential nomination, said the Uranium One sale “went through the usual process, and the official responsible for managing CFIUS reviews has stated that the secretary did not intervene with him. This book is twisting previously known facts into absurd conspiracy theories.”

The campaign on Wednesday also provided a comment from Jose Fernandez, a former assistant secretary of state who served as the department’s principal representative on the Committee on Foreign Investment in the United States, or CFIUS, which reviewed the sale. “Secretary Clinton never intervened with me on any CFIUS matter,” Mr. Fernandez said.

In response to past questions about possible conflicts, Mrs. Clinton has said she is proud of the foundation’s work. Earlier this week, she called the book a distraction from real campaign issues.

Mr. Telfer, in an interview Wednesday, said he made the contributions not for the sake of the Clintons, but to support his longtime business partner, Frank Giustra, a Canadian mining executive and longtime Clinton friend who co-founded the program to spur development in poor countries.

“The donations started before there was any idea of this takeover,” Mr. Telfer said. “And I can’t imagine Hillary Clinton would have been aware of this donation to this growth initiative,” he added.

The Fernwood contributions don’t appear on the Clinton Foundation website, as was required under an agreement between the foundation and the Obama administration. A Clinton Foundation spokesman referred questions to the Clinton-Giustra program spokeswoman in Canada, who didn’t respond.

Under the terms of the sale, the company said it wouldn’t seek an export license to send uranium out of the country, and that executives at the U.S.-based unit would control the mine, according to a Nuclear Regulatory Commission report. Uranium One, now a fully owned subsidiary of the Russian nuclear agency, owns a 300,000-acre mine in Wyoming and could produce up to half of the U.S. output of uranium this year. Some members of Congress at the time wrote to the committee calling on it to block the sale.

The Journal confirmed some other instances detailed in the book about Mrs. Clinton’s official activities and her family charity.

In June 2009, the Clinton Giustra initiative received two million shares in Polo Resources, POL 1.33 % a mining investment company headed by Stephen Dattels, a Canadian businessman, according to a Polo Resources news release. About two months later, the U.S. ambassador to Bangladesh pushed the energy adviser to that nation’s prime minister to allow “open pit mining,” including in Phulbari Mines, where Polo Resources has a stake, according to a State Department cable released by WikiLeaks. The company seeking to develop the mine is still waiting for government approval, according to the firm’s website.

It isn’t known whether the Clinton-Giustra program still owns the shares. Neither Mr. Dattels nor his foundation nor Polo Resources are listed as donors by the Clinton Foundation website. Mr. Dattels, who retired in 2013, and representatives for Polo Resources couldn’t be reached for comment.

Irish billionaire Denis O’Brien, who heads a mobile-phone network provider called Digicel, won a $2.5 million award in 2011 from a program run by the State Department’s U.S. Agency for International Development to offer mobile money services in post-earthquake Haiti. The firm won subsequent awards. Funds for the awards were provided by the Bill and Melinda Gates Foundation, while USAID administered the program, with a top Clinton aide directly overseeing earthquake aid.

Mr. O’Brien has given between $5 million and $10 million to the Clinton Foundation since its launch. It is unclear whether Mr. O’Brien gave while Mrs. Clinton was at the State Department because of the way the foundation discloses its donations.

A USAID spokesman said the company met the criteria laid out in the Haiti Mobile Money Initiative. A spokesman for Mr. O’Brien said he couldn’t be reached and declined to comment. The Clinton campaign didn’t respond to request for comment on Polo Resources or Mr. O’Brien.

Write to Rebecca Ballhaus at [email protected] and Peter Nicholas at [email protected]