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Home Features Listening to Lyndon
Listening to Lyndon
by Eric Alterman
Reaching for Glory: Lyndon Johnson's Secret White House Tapes, 1964-1965
Edited by Michael Beschloss. Simon and Schuster, 475 pages, $30.00
When dealing with the amazing personality of Lyndon Baines Johnson, there is just no substitute for an encounter with the real thing. This is an inescapable conclusion of reading the second volume of Michael Beschloss's judiciously edited transcripts of LBJ's secretly recorded conversations. I say this despite the fact that Robert Caro--whom I would nominate for the world's most diligent biographer--is about to release pages 3,000 to 4,000 or so of what is shaping up as the most ambitious biography of all time. The first two volumes of Caro on LBJ have been exhaustively researched and magnificently written, if shockingly unsympathetic at times. Yet even Caro's masterpiece-in-the-making cannot quite do what the relatively unsophisticated tape-recording device underneath Johnson's desk has done: bring the man alive in all his tawdry, jaw-dropping glory.
The problem with Lyndon Johnson is that he is just not credible: His character is too complex, too contradictory, and too large to fit on the printed page. Beschloss has done what appears to be a scrupulous job of editing these noisy, incompletely taped conversations and helps the reader along a bit by explaining what is going on. I was particularly impressed with a footnote in which he admitted that he had transcribed the word "nigras" while other listeners heard "niggers." But good editing is not enough. Not even Caro is enough. Listening to these tapes and reading these transcripts makes it hard to avoid the conclusion, however delicately stated, that Lyndon Johnson was nuts; attractive, convincing, well intentioned, irresistible, perhaps, but out of his mind. He had planned to become president since he was a teenager; angled for it, fought for it, begged for it, and probably would have killed for it. But when he finally got there, under some of the most trying circumstances imaginable, it drove him crazy.
Johnson's story is, in many ways, tragic. He understood that Vietnam would likely be a disaster both for himself and for the nation. He knew that he didn't have to pursue the war. Richard Russell, an important mentor from LBJ's days as a young senator and the powerful, pro-military chair of the Senate Armed Services Committee--exactly the kind of southern hawk who could provide Johnson with the political cover he needed--advised him that a war in Vietnam would prove "the damnedest mess on earth." The United States, he said, would be "in quicksand up to its neck." Vice President Hubert Humphrey advised the president, moreover, that 1965 would be "a year of minimum political risk for the Johnson administration" and that Johnson could pretty much do what he wanted. His close adviser McGeorge Bundy later admitted that if Johnson "had decided that the right thing to do was to cut our losses, he was quite sufficiently inventive to do that in a way that would not have destroyed the Great Society." All of these conflicting currents eventually led William Bundy, one of the war's key architects and most enthusiastic supporters, to conclude that Johnson could have carried public opinion with him "on whatever course he chose."
In any event, Johnson made his choice and he stuck to it, the evidence be damned. These tapes reveal, for the first time, that he understood--as Secretary of Defense Robert McNamara apparently did not--that not very much had happened in the Gulf of Tonkin on August 4, 1964, and that the resolution he secured from Congress giving him the authority to wage war in Vietnam had been secured on the basis of false evidence. Johnson blames the generals and admirals for leading him astray, in his own inimitable language:
I don't want them just being some change o'life woman running up and saying that, by God, she was being raped just because a man walks in the room! And that looks to me like that's what happens in the thirty years that I've been watching them. A man gets enough braid on him, and he walks in a room and he just immediately concludes that he's being attacked.
Cute, but the truth is that on that fateful summer day, the military was a great deal more circumspect about the imaginary attack on the USS Turner Joy and the Maddox than were Johnson and McNamara. Both men exerted tremendous pressure down through the chain of command to confirm the nonexistent attack so that Johnson could announce a U.S. retaliation in time to make the news that night--a bit of unforgivable moral expediency that may have resulted in U.S. pilots being downed over Vietnam. Earlier that day, Johnson had falsely informed congressional leaders: "Some of our boys are floating around in the water."
The news that no such attack had occurred may have prevented Johnson from responding to another Gulf of Tonkin incident six weeks after the big one, but it does not seem to have affected Johnson's judgment about the wisdom of the war or the constitutional basis for its conduct. Nothing is quite so shocking, even to these cynical eyes, as discovering how minimally the truth mattered in anything. In April 1965, while the president is apparently watching Rawhide on TV, McGeorge Bundy calls to tell the president that a U.S. aircraft accidentally bombed a village in Cambodia, a nation with which we were not at war. Bundy gets right to the point: "The operational question is whether we admit it to the Cambodians, who are now accusing us." Bundy's two suggestions are: "We could perhaps ask the GVN [the South Vietnamese] to accept responsibility for the incident"; or "We could, of course, pretend it never happened." We never hear Johnson's decision, but I am fairly certain it was not to come clean about the whole thing and admit the mistake.
As the war grows in size and scope, Johnson demonstrates moments of tremendous lucidity--more so, one might add, than his self-deluded advisers like McNamara and the brothers Bundy--on the hopelessness of victory. He admits, for instance, in June 1965:
I see no program from either Defense or State that gives me much hope of doing anything, except just praying and gasping to hold on ... and hope they'll quit. I don't believe they're ever going to quit. And I don't see ... any ... plan for victory, militarily or diplomatically.
And yet Johnson not only ignores the advice of those close to him who, like Undersecretary of State George Ball, share his skepticism; he assumes almost immediately that anyone who gives public voice to the private doubts he shares is motivated either by treasonous disloyalty or communist ideology.
There is not an anti-Vietnam demonstration mentioned in this book that Johnson does not attribute to communist manipulation. There is not an antiwar speech given in the Senate that Johnson does not blame on either political treachery or Robert Kennedy, or both. Elected to the presidency in one of the most impressive landslides in history, Johnson's neurotic paranoia does not rest for a moment. Why did it take Bobby Kennedy so long to say thank you to LBJ for saving his bacon in the New York Senate race? What would happen if Johnson's advantage over the Republicans (15.6 million votes in the 1964 election) should begin to dwindle in the polls? It doesn't, of course--at least not in the years covered here--but Johnson seems to judge every political move he makes, no matter how trivial, on whether it might offer his imaginary enemies on the right a hypothetical spear to use against him. This despite the fact that Johnson appears to share columnist Drew Pearson's characterization of Barry Goldwater's support as "nothing, really, except the Klan and the kooks."
As liberals would learn to their collective chagrin, the best way to get Lyndon Johnson to follow your program was to threaten him--or appear to. We imagine Johnson to be a champion of liberal political power. His administrations--staffed by more genuine, unapologetic liberals than any other of the twentieth century save Franklin Roosevelt's--notched unprecedented victories in the areas of civil rights, voting rights, and other social-welfare programs. So it is one of the many historical oddities of American politics that Johnson demonstrates little but contempt for liberals on these tapes and appears most comfortable grousing with right-wing zealots. He could turn the liberal treatment on for a Martin Luther King or a Hubert Humphrey when he felt a need to keep one of them on the reservation. But he seems most genuine when complaining to his buddy J. Edgar Hoover over at the FBI, for instance, that "our State Department ... is not worth a damn. They're a bunch of sissy fellows," or to labor chieftain George Meany, "George, I'm real worried about what these Commies [meaning student protesters] are doing... ."
Progressives never really had a chance in this atmosphere, so poisoned was it by the predictable failure of the war in Vietnam and the reactionary impulses in the political culture it inspired. It would take a decade of dissension and previously unthinkable division before this monster could be slain; and we are still, to a considerable degree, living in a political and cultural prison constructed from its unrecognized ruins.
It is a truism that Lyndon Johnson was many different people at once. Johnson had great dreams for his presidency and his country. And he displayed real courage in confronting southern conservatives who did not want to reconcile themselves to the reality of racial equality. But for reasons it would take an army of psychiatrists to explain, he had a greater fear of allowing anyone to question or criticize his policies in public than he did of entering into a war that he knew the nation could not win and could only end in disaster for all concerned. Johnson was so terrified of public debate that he lost faith in McGeorge Bundy not because of the bad advice on Vietnam but because Bundy had agreed to debate the policy in public.
It is not enough to bemoan what might have been under Lyndon Johnson if only he had listened to Ball and Russell and stuck to building the Great Society rather than bombing the Mekong Delta. Johnson's liberal hopes and dreams never had a chance against his conservative fears and nightmares. What I want to know is why? What was so seductive about the arguments of these smart Kennedy advisers that led him to ignore his own political genius? Why is the right so much more threatening than the left, even at this moment of a putative liberal Democratic landslide? What was so important about whether South Vietnam, whose people could barely bring themselves to fight, went communist?
And while I'm at it, I want to know how it is that the United States elected three mentally and emotionally unsound individuals in a row to the most powerful and dangerous job on the planet, at or near the height of the Cold War. John Kennedy was a brilliant tactician and had many qualities that are useful in a president, but his personal recklessness on behalf of his insatiable sexual addiction makes Bill Clinton look like a model of rectitude and Victorian self-denial. (For impressive evidence of Kennedy's intellect, as well as an invaluable historical resource, consult the three-volume Presidential Recordings of John F. Kennedy, Volumes 1-3: The Great Crises, edited by Timothy Naftali, Philip Zelikow, and Ernest May, just published by W.W. Norton.) Johnson's successor, Richard Nixon, actually makes his predecessor look sane--and principled--in comparison. To top it all off, these men were followed by two remarkably grounded and modest men--Jerry Ford and Jimmy Carter--neither of whom could win re-election, and who are now thought of as mediocre presidents. (And don't get me started on Reagan. . . . )
Reaching for Glory may leave us with more questions than answers, but it also forces us to stare--however painfully--into an abyss. Understanding Lyndon Johnson is a kind of psychological quagmire with no exit, no endgame, and, ultimately, no solace for anyone who enters it.
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Matt Vern
Senior Mortgage Loan Officer
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About Matt Vern
We are a commercially oriented, North Texas community bank serving local entrepreneurs, businesses and families for more than 60 years. With over $8 billion in assets and 43 locations in 19 North Texas cities, we're also one of the largest locally based banks in the area. While those numbers are significant, our relationships are even more so. We believe in our customers. Their goals. Their dreams. Their ambitions for tomorrow. And since 1952, we've been doing whatever it takes to support them as they advance in business and life.
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text:
Supple Means of Connection
July 25–September 8, 2019
glo moving artists migrate around the High's campus.
glo moving artists at the High.
glo moving artists. Photo by Thom Baker.
Photo of Lauri Stallings by Thom Baker.
The High Museum of Art has commissioned its first choreographer as artist in residence, glo founder Lauri Stallings, to create this new suite of live art designed for the Museum's galleries.
Stalling's site-based work will inhabit the Cousins galleries from August 3 through September 8 during regular museum hours. In celebration of glo's 10th anniversary, activations will begin on Thursday, July 25, at 12:30 p.m. and continue on a rotating schedule leading up to the official opening on August 3. (See the full schedule below).
A Rome Prize nominee and CREATIVE TIME artist, Stallings creates works of very diverse context, scale and textures. "Supple Means of Connection" will be both a gallery installation and a public artwork exploring themes of family, falling and maps with respect to women's roles. Interrogating the infinite challenges of human co-existence—as well as the blurred lines between the fragility of the human body and the fragility of nature—Stallings mixes forms that defy the boundaries of genre and offers choreography as an invitation to collective action.
The choreography will activate the Cousins galleries on the second level of the High's Wieland Pavilion—relating and co-existing with installed neon art, text and mixed-media sculpture "trees"—and migrate to and from the galleries through other rarely habited spaces around the interior and exterior of the Museum. The shifting locations will ask the public to discover, lean under, peak through and part ways with traditional ways to view art, offering an alternative spatial experience of the Museum.
The installations will feature glo moving artists joined by an intergenerational and interracial group of local women and children, ages 9 to 90. Stallings will not appear in the work herself but will be conducting the live interventions.
Schedule and description of glo migrations and activations:
Choreography Maps
August 3 through September 7 during regular museum hours
Lauri Stallings has created ongoing actions for the Cousins Family Special Exhibition Galleries, enacted by glo moving artists, local women and children, that will continually respond to glo's art environment and relations between people.
Bird Songs and Calls
Recorded bird sounds from glo art sites over the last four years, mixed and amplified in the exceptional spaces of the museum, including a small pathway on 16th Street, the Orkin Terrace, and the Stent Family Wing entrance.
Thursdays and Saturdays (July 25 through September 7) at 12:30 p.m.
Beginning and ending in the Cousins Family Special Exhibition Galleries*, these 52-minute migrations of oscillating rhythms and intricate footwork by choreographer Lauri Stallings will have glo moving artists climbing the High's sloping lawn and looping around the campus.
*7/25, 7/27, and 8/1 beginning and ending on Peachtree Street sidewalk in front of the Museum.
People Parades
Fridays (July 26 through September 6) at 12:30 p.m.
glo invites the public to come together in the green space adjacent to Sifly Piazza to sit, skip, stand, kneel, prance, waltz, spin, be still, shuffle, make footwork and twist.
Ceremonial Living Sculpture
Fridays (July 26 through September 6) from 6 to 9 p.m.
Lauri Stallings' live sculpture conceived for Richard Meier's iconic winding ramp of the Stent Family Wing is enacted by two glo moving artists over three continuous hours.
People Movement Shops
Tuesdays and Saturdays (August 3 through September 7) at 10:30 a.m.
For those who love to move and those who wish to love to move. These movement workshops in the Robinson Atrium are open to everyone. All are welcome regardless of athletic/artistic background.
Movement Choirs
Sundays (August 4 through September 8) at 2 p.m.
How can dance be a form of demonstration? Choreographer Lauri Stallings has created movement choirs for the glo moving artists in the modern and contemporary art galleries that reflect her Southern roots and explore this question, while in dialogue with the artworks on view.
Atlanta Journal-Constitution | "Glo brings live art installation to High Museum"
ARTS ATL | "Lauri Stallings, glo mix it up at High Museum with new suite of activity"
CW Atlanta, "TAKE 3" | "TAKE 3: Supple Means of Connection"
WABE-FM | "The High's First Choreographer in Residence Creates Moving Artwork"
Organization and Support
Project support for "Supple Means of Connection" has been generously provided by an artist's residency at Pasaquan, with support from Columbus State University, Pasaquan Preservation Society and Georgia Council for the Arts. Major sponsorship for "Supple Means of Connection" has been generously provided by the Florence Biennale XII edition, with support from the regional council of Tuscany, Italy.
In-kind support has been generously provided by the Goat Farm Arts Center, Dewberry Foundation and Atlanta Symphony Orchestra.
Major glo programming support for 2019 has been provided by MailChimp, Bloomberg Philanthropies, Community Foundation, with support from Metropolitan Atlanta Arts Fund, Georgia Council for the Arts, Fulton County Arts Council, City of Atlanta, Mayor's Office of Cultural Affairs, Atlanta Symphony Orchestra, Goat Farm Arts Center and Lubo Fund.


Join us for our Human Performance Studies Information Session. Learn about some of the fastest growing fields in the nation such as Exercise Science, Athletic Training, Physical Education as well as Recreation and Leisure Studies.
Learn about the different programs that RCC offers and see where students are transferring to.
For more information, contact Patti Zodda, Chair of Exercise and Human Performance at pzodda@sunyrockland.edu.
If you are unable to attend our information session but are still interested in pursuing a Human Performance Studies major at RCC please email us at pzodda@sunyrockland.edu for further information.


Modernist Cuisine at Home, by Nathan Myhrvold with Maxime Bilet, is destined to set a new standard for home cookbooks. The Cooking Lab, publisher of the encyclopedic six-volume set Modernist Cuisine: The Art and Science of Cooking, has produced this lavishly illustrated guide for home cooks, complete with all-new recipes tailored for cooking enthusiasts of all skill levels. The authors have collected the essential information that any cook needs to stock a modern kitchen, to master Modernist techniques, and to make hundreds of stunning recipes. The book includes a spiral-bound Kitchen Manual that reprints all of the recipes and reference tables on waterproof, tear-resistant paper.
Drawing on the same commitment to perfection that produced Modernist Cuisine, Modernist Cuisine at Home applies innovations pioneered by The Cooking Lab to refine classic home dishes: perfect eggs and breathtaking omelets that remove the guesswork for stress-free breakfasts, even for a crowd; gravies and a hollandaise sauce that are wonderfully rich and perfectly smooth and that never separate; a flawless cheeseburger and an ultrafrothy milk shake; chicken wings made better with Modernist techniques, plus seven great sauces and coatings for them; macaroni and cheese, including stove-top, baked, and fat-free versions, that can be made with any cheese blend you like, from gouda and cheddar to jack and Stilton. More than 400 new recipes are included, most with step-by-step photos that make it easy to bring dining of the highest quality to your own dinner table.
If you love geeky science stuff, Modernist Cuisine at Home is the book for you. If you love looking at beautiful food photos, you want this book. If you buy this cookbook and want to cook every recipe in it, you'd better have the required cooking equipment, and that goes a bit beyond a stove and a wooden spoon. Sous vide cooking can be done without an expensive machine, but a pressure cooker or vacuum sealer are required for quite a few of the recipes. It's wise to read through the instructions to make sure you have all the proper equipment and tools before you start.
This book gets bonus point for usability for having all the recipes included in a smaller spiral-bound book that folds flat and has splash-proof pages that can be wiped clean.


text:
Q: Prove that: $\dim(\ker(T+S)) \leq \dim(\ker(T) \cap \ker(S)) + \dim(\operatorname{Im}(T)\cap \operatorname{Im}(S))$ I have the following inequality I would like to prove the following linear algebra inequality.
Let $T,S : V \rightarrow W$ be two linear transformations. Prove that:
$\dim(\ker(T+S)) \leq \dim(\ker(T) \cap \ker(S)) + \dim(\operatorname{Im}(T)\cap \operatorname{Im}(S))$
I have started by taking arbitrary elements in each set as shown below, but not sure how to continue.
Let $x \in \ker(T+S)$. Then $(T+S)(x) = 0 \Leftrightarrow T(x)+S(x) = 0 \Leftrightarrow T(x) = -S(x)$
Let $y \in \ker(T \cap S)$. Then $T(y) = 0, S(y) = 0 \Leftrightarrow T(y) = S(y) = 0$
I want to now connect these two, to work towards the inequality but not entirely sure how. Any advice, how to proceed from here?

A: Since $\ker T$ $\cap$ $\ker S \subseteq \ker S + T$, we can take a basis $(v_1,...,v_k)$ for $\ker T$ $\cap$ $\ker S$ and extend this to a basis $(v_1,...,v_k,w_1,...,w_m)$ for $\ker S + T$.
Now the $T(w_i)$ are independent. For we have
$$\sum_{i=1}^m c_iT(w_i) = 0 \iff T\left(\sum_{i=1}^m c_iw_i\right) = 0$$
And since $T(w_i) = -S(w_i)$, we also have
$$S\left(\sum_{i=1}^m c_iw_i\right) = 0$$
implying that $\sum_{i=1}^m c_iw_i \in \ker T$ $\cap$ $\ker S$. Thus $\sum_{i=1}^m c_iw_i = 0$ and so $c_i = 0 \ \forall i$.
This means that there are (at least) $m$ independent vectors in $\text{im }(T) \cap \text{im }(S)$. So $m \leq \dim\left(\text{im }(T) \cap \text{im }(S)\right)$ and we are done.

A: Let $X,Y,Z$ be subspaces of $V$ such that :
\begin{align}
\ker S &= \ker S\cap \ker T \oplus X \\
\ker T& = \ker S\cap \ker T \oplus Y \\
V &= \ker S \cap \ker T \oplus X \oplus Y \oplus Z
\end{align}
Let $v \in V$, which we write : $v = k + x + y +z$ with $k \in \ker S \cap \ker T$, $x\in X$, etc.
Then $v\in \ker (S+T)$ if, and only if :
\begin{align}
(S+T)(x) = 0 &\Longleftrightarrow S(y+z) + T(x+z) = 0 \qquad (*)
\end{align}
To finish the proof cleanly, we notice that we can define a linear map :
$$f \left\{\begin{array}{ccc}\ker (S+T) &\longrightarrow& \ker S \cap \ker T \times \operatorname{Im} S \cap\operatorname{Im}  T \\
v& \longmapsto& (k,T(x+z))
\end{array}\right.$$
$f$ is well defined by $(*)$ ($T(x+z)$ is also in $\operatorname{Im}  S$) and since $S|_{Y\oplus Z}$ and $T|_{X\oplus Z}$ are injective, we see that $f$ is injective. Therefore :
$$\dim (S+T) \leq \dim (\ker S \cap \ker T) + \dim (\operatorname{Im} S \cap \operatorname{Im} T)$$

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text:
New police hotline to create 200 jobs in Ballarat, take load off triple zero
By Erin Pearson
July 17, 2018 — 5.03pm
The operator of Victoria's first police assistance line has been confirmed, with 200 jobs to be created at a Ballarat call centre.
Police Minister Lisa Neville said Serco Citizen Services would set up and run the $210 million hotline, which would allow triple zero to be reserved for crimes that require an urgent response.
Police Minister Lisa Neville. Credit:AAP
"This will give all Victorians – no matter where they live – another way to report crime, suspicious behaviour or make general policing inquiries to keep communities safe," Ms Neville said.
"We're another step closer to delivering a world-class police and emergencies services hub in Ballarat, which will support hundreds of jobs and drive investment in the region."
Under the new system, calls to the police assistance line will be answered and triaged by a contact centre.
This will be run by staff and 32 police officers, who will take reports of such non-life threatening concerns as theft, property damage, neighbourhood disputes, noise complaints and party registrations.
Assistant Commissioner Debra Abbott highlighted the benefits of the project for the
"We know that almost 30 percent of calls to Triple Zero are for non-urgent matters
and the Police Assistance Line is expected to divert some of these calls," she said.
"This will assist in freeing up resources that could otherwise be responding to time-
critical calls."
The creation of the hotline brings Victoria into line with all other states and territories.
An online portal will also be available for the reporting of non-urgent crime.
Both services are set to begin operating by the turn of the year.
Serco Citizen Services was awarded a $53.75 million pilot federal government contract last year to help reduce Centrelink call wait times.
Erin Pearson
Erin covers crime for The Age. Most recently she was a police reporter at the Geelong Advertiser.


text:
Ronan Manly is a precious metals analyst with BullionStar whose blogs
often cover current themes including what's going on in the
London gold market and the gold activities of central banks.
US Gold and Silver Futures Markets - "Easy Targets"
This is a guest post by Allan Flynn, specialist researcher in aspects of gold and silver.
BullionStar does not endorse or oppose the opinions presented but encourages a healthy debate.
Following news coverage of the charging of five precious metals traders and three banks in January, Commodities Futures Trading Commission and Department of Justice documents reveal a global criminal cabal of 16 traders operating in at least four major financial institutions between 2008 and 2015 to defraud COMEX gold and silver futures markets.
Of the many examples published, one reveals a UBS AG precious metals trader spoofing sell orders to push down the price of gold futures on September 6, 2011, the day the gold market attained, and commenced a lengthy retreat, from its historic peak of US $1,923.70.
Jury trials are sought for Cedric Chanu and James Vorley of Deutsche Bank, Edward Bases and John Pacilio of Merrill Lynch Pierce Fenner & Smith, and Andre Flotron of UBS AG. The traders are indicted with multiple offences including spoofing, manipulation and attempted manipulation of the precious metals futures market. FBI investigations found many of the traders had placed "thousands" of fake orders over "hundreds" of occasions during the relevant period. Some even more.
Enforcement orders totalling $46.6 million were issued to Deutsche Bank, UBS AG and HSBC. Bank of America Merrill Lynch, parent company of Merrill Lynch Pierce Fenner & Smith, although implicated by the alleged actions of its subsidiaries traders, has not been sanctioned.
The agencies said traders placed genuine orders to buy or sell and concurrently huge opposite spoof orders to present a false picture of supply or demand. Other traders were thus tricked into accepting the genuine orders at prices favourable to the manipulators. The spoof orders being placed far enough away from the current price to safeguard against their actual execution were then swiftly cancelled. The traders had the ability using spoofing to move prices up or down.
By correlating details among multiple court documents and public sources it has been possible, with a high degree of certainty, to match the sample chats provided with the indicted traders, and banks they worked for.
Deutsche Bank trader and Informant David Liew thought so highly of UBS co-conspirator, Trader F, according to Bloomberg's disclosure of a sealed indictment, that he called him "The Legend."
In a teaching moment with a colleague about best practice for spoofing, on April 30, 2010, The Legend instructed:
"u gotta be quick with spoofs cause everyone else knows the trick too … except for smaller shops … and algos of course."
Then contrasting the ease at which spoofing could be pulled off in years past:
"u know i use[d] to do that is Stamford so i can get filled … i'd be short 10k, show a bid for 35 lots … mkt chases it … i shift it lower … and lower."
Trader F, as CFTC UBS Orders name, worked hard spoofing precious metals futures at UBS, appearing in nine of 12 manipulation samples listed in the CFTC UBS AG Orders, seven of which involve David Liew, Deutsche Bank informant.
Until further details emerge, the identity of The Legend among four UBS traders, two unnamed, remains unclear. While the regulators describe four UBS traders as involved in the scandal, they currently seek a jury trial for only one.
The Mentor
Andre Flotron – LinkedIn image
Veteran UBS precious metals specialist 'Andy' Flotron's term at the trading desk predates the bank itself.
He began trading gold and silver in 1982 with the Swiss Banking Corporation, Zurich. While still at the SBC precious metals desk, the corporation amalgamated with the Union Bank of Switzerland becoming UBS AG in 1999.
In over 15 years at UBS, the 55 year old worked two stints each in Zurich and Stamford. In addition to trading, he held also managerial and training responsibilities until January, 2014, when placed on leave from Zurich following an internal investigation.
As the FBI investigators found, a hallmark of Flotron's spoofing operation became placing of fake orders in quantities such as 22, 33, 44, 55, or 99 contracts by "automated trading software which had the ability to … place, modify, and cancel multiple orders nearly simultaneously." He undertook this activity with up to 3 other UBS co-conspirators, directing one in particular.
An FBI affidavit describes how from July, 2008, Flotron mentored a new UBS employee in the art of spoofing. Trader#1 sat with Flotron for 2 months at his trading desk in Stamford, Connecticut "shadowing and observing" him with the aim of then transferring to the UBS precious metals desk in Singapore. Trader#1, now the former spoofing Legend, is assisting the FBI investigation in return for immunity from prosecution.
In one example of his larger spoofings, allegedly aiming to manipulate the market down to his own favourable purchase orders on October 17, 2013, Flotron placed and then withdrew three large fake sell orders for futures worth $30.5 million in gold over a 2.5 minute period.
The largest of his fake orders was placed, a parcel of 99 lots worth $13 million in gold, immediately doubled the volume of sell orders compared to buy orders, while "never intending" it to be executed, the indictment says. The multi-million dollar spoof order was sufficient to immediately bring sellers down from $1319.30 to $1,319.20 filling several of the trader's partially concealed 1-contract bids totalling $1.5 million gold value.
Sometimes the traders could move COMEX much more.
On January 28, 2009, Deutsche Bank's Edward Bases allegedly shifted the gold futures price two dollars in one attack alone by placing and quickly cancelling a number of large bids in order to "help" his then colleague Cedric Chanu's resting orders fill.
As a post-spoof chat shows, the technique and camaraderie bore a strong semblance to computer gaming.
Bases: "so glad i could help…got that up 2 bucks…hahahahah."
"that does show u how easy it is to manipulate so[me]times."
Chanu: "yeah yeah of course."
Bases: "that was alot of clicking"
Chanu: "basically you tricked alkll [sic] the algorythm"
Bases: "good man. Correct.i know how to "game" this stuff…"
Chanu: "THAT IS BRILLIANT."
Bases: "I just dotn have the time to do it.. but i do it a lot in the aftermakete.
i f..k the m[ar]k[e]t around a lot…not alot of people…had it figgied
out…thats [sic] why i love electronic trading."
Bases: "im just glad we got you out…"
Besides helping each other achieve better than market prices, the Deutsche Bank traders helped UBS traders and traders from another global financial institution, Bank of America Merrill Lynch. One of the traders, at different times, worked for two of the banks.
THE "TYRANT"
Edward Bases – Facebook image
Edward Bases was a metals tough guy. A 25-year career trading gold and silver in New York for the world's largest banks, including a couple of years at Bear Sterns, gave him some trading bristle.
The era of floor trading in commodities and stocks was coming to an end when Bases departed Deutsche Bank for Bank of America Merrill Lynch in June, 2010. There, as he reminisced with a UBS trader in 2015, he was already a formidable spoofer in the pits long before he clicked his way to wealth at Deutsche Bank.
UBS Trader #2: "when you were a younger man where you also this angry?"
Bases: "In a different way"
"I was a tyrant"
"U called out dealersla"
"Sppoofed the mkt"
"Lined people up"
"It was very physcial and emotional"
"I was very good"
"At it"
At the trading desk as on the floor, when extra muscle was required to move prices Bases strong-armed it.
Paraphrasing the indictment: on January 28, 2009, his then colleague Cedric Chanu placed an iceberg order to sell 170 contracts with only one visible lot at $892.50. Five minutes later to help him out, Bases placed a spoof order to buy 250 contracts at $890.80, worth $22 million in gold, which he cancelled two seconds later. Straight away Bases placed a 240 lot spoof order to buy at various prices between $890.80 and $892.40, and all 170 of Chanu's primary orders became filled.
The spoofing methods and amounts could be tweaked depending which market participants were being targeted.
THE TACTICIAN
John Pacilio – Image removed on source website
Hailing from the neighbouring affluent townships of New Caanan and Southport, Connecticut, 50 miles from New York, Bases, 56, and John Pacilio, 54, share an indictment of five charges in connection with Title 7 and 18 spoofing, manipulation, conspiring and fraud involving a commodity for future delivery.
While trading precious metals at a Bank of America Merrill Lynch, subsidiary in New York, John Pacilio is alleged to have spoofed solo and in tandem with his colleagues including Bases, and other banks between January, 2010, and April, 2011. Pacilio's published trades include the largest of spoofing examples by the six traders.
On February 4, 2011, Pacilio placed and cancelled within the space of less than a minute, spoof orders to sell the equivalent of $74.1 million worth of gold in futures contracts.
His spoofing victims weren't always human and rational as the trader advised seven others at BOAML including Bases on November 16, 2010.
"guys the algos are really geared up in here. if you spoof this it really moves. thats where alot of this noise is coming from."
According to court filings, 20 seconds later Pacilio placed an iceberg Primary Order to sell 10 silver futures contracts at $25.48. After 29 seconds he then placed a succession of Opposite Orders totalling 250 lots to buy silver futures at between $25.455 and 25.47, which were cancelled as soon as his Primary Orders were filled.
Cedric Chanu – Twitter image
Three years after commencing with Deutsche Bank precious metals desk London, Cedric Chanu was promoted to Director, Precious Metals Trading Singapore, in 2011, where called on, in between weekend recreations, to promote and represent the German bank in its Asian precious metals business.
When interviewed by the Wall St Journal in September, 2012, Chanu, perhaps alluding to a growing disdain for spoofable forms of gold, noted "a dramatic increase in customers wanting to move out of paper, that is over-the-counter gold, and into physical."
The trader had a brief stint trading for the Swiss company Gunvor after leaving Deutsche Bank at the end of 2013. The conglomerate got out of precious metals trading however, according to Bloomberg in December 2014, when "executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented." Gunvor, it appears, couldn't locate unspoofable gold bullion at the same price and volume at which gold futures and unallocated gold investments were trading.
Part owned by Russian billionaire Gennady Timchenko until March, 2014, Gunvor ceased precious metals operations only one month after Deutsche Bank announced it was pulling out of precious metals trading in November, 2014.
Cedric Chanu's indictment details nine examples out of "hundreds" of precious metals manipulations while at Deutsche Bank between December, 2008, and June, 2013.
A shared indictment for Chanu, 37, and his Deutsche Bank colleague James Vorley, 38, residents of the UAE and the UK respectively, was filed in an Illinois Court on January, 19. A Status Conference for the related civil case titled: CFTC vs Vorley and Chanu is scheduled for May, 7.
London precious metals desk Deutsche Bank trader James Vorley cast himself in the theatre of chat as the quintessential English gent with a strong sense of fair play.
He even told a trader at another firm in October, 2007, of his repulsion at a third firms manipulation of either futures or another precious metals instrument:
"this spofi.ng [sic] is annoying / its illegal for a start…"its just not cricket."
It was all a bad joke as FBI Special Agent Nevens found, seven months later from at least May, 2008, Vorley was running a "self enrichment scheme" to defraud the COMEX precious metals futures market and spoof training a new employee. His collaborators: Chanu and other Deutsche Bank traders, and those at another bank.
According to the indictment, the FBI uncovered over "a thousand" instances of Vorley trading in a pattern consistent with spoofing, "placing over ten thousand Opposite Orders," presumably withdrawn, and coordinating in spoofing with his Deutsche Bank colleague Cedric Chanu "over one hundred times" up to March, 2015.
Included, an episode on March 16, 2011, when Vorley is recorded chatting to his colleague about "spoofing it up / ahem ahem" in relation to simultaneous platinum and gold futures trades.
Deutsche Bank co-conspirator turned informant David Liew whom Vorley trained in spoofing, testifies that Vorley preferred the term "jam it" when referring to the illegal act.
After one operation assisting Liew getting an order filled on November 3, 2010, Vorley "submitted and cancelled 29 buy orders at 10 contracts each", and celebrated after:
"was cladssic [sic] / jam it / woooooooooooo…bif [sic] it up."
As a sign of gratitude, his understudy Liew responded glowingly:
"tricks from the…master." (Emphasis supplied.)
Not one to readily admit to wrongdoing, when queried in March, 2015, by Deutsche Bank compliance and employee relations, Vorley told them the term spoofing had been used "to describe more innocent and everyday occurrences." He went on to defend the reason for his "inopportune use of the word spoof " as "a bad example of market banter masquerading as sarcasm."
A study by West Australian University Prof. Andrew Caminschi published September, 2013, observed gold and silver futures, and the GLD ETF, were "significantly impacted" by downward pricing anomalies from the London Gold and Silver PM Fixings leaking, prior to the publishing of the Fixing auction results.
A previously unreported crack through which the Fix prices may have bled from London to Chicago and elsewhere can be found in one of the six futures trader's connection to the London Gold and Silver Fixings.
At the same time Deutsche Bank's James Vorley is alleged by the CFTC and FBI to have manipulated COMEX precious metals futures, at least from May, 2008, to March, 2015, he was also a director of London Silver Market Fixing Limited and the London Gold Market Fixing Limited auctions.
The London Gold and Silver Fixings set the world benchmark prices for the precious metals twice daily. Vorley's tenure on the Fix lasted between September 2009 and May, 2014, for the Gold Fixing, and October, 2015, for the Silver Fixing.
Three short weeks after Caminschci's paper was published, UBS AG self-reported to global authorities that an internal investigation had uncovered "possible signs of manipulation, collusion and other market abusive conduct in foreign exchange trading" between the bank and other financial institutions. The Precious Metals Desk at UBS was a sub-unit of their Foreign Exchange Desk.
As precious metals class action lawsuits flooded US courts in the following three years, Vorley's employer Deutsche Bank, failing to find a buyer for it's seat, dropped out of the London Gold and Silver Fixings, disbanded their precious metals trading unit, payed $98 million to settle class action lawsuits alleging collusion in the London Gold and Silver Fixings, and supplied antitrust plaintiffs with significant evidence against co-defendants.
Short of an innocent sounding explanation as to how the precious metals pricing got so quickly from Fix-to-Futures, "ahem ahem," it remains to be explored what Fixing information Vorley had prior to its publishing and what use, if any, he made of it in futures trading.
THE INFORMANT
After joining Deutsche Bank as a fresh graduate in 2009, David Liew was assigned, at completion of a short orientation and training period, to the Singapore Deutsche Bank precious metals desk. He was supervised and trained in manual spoofing by Vorley and Chanu, among others in Singapore and the UK, with whom he shared a "common electronic trading platform screen." Here his trading could be monitored and he in turn could observe his mentor's spoofing activities on his monitor.
David Liew – Google Plus image
CFTC findings stressed that by allowing the traders to observe each other's orders, Deutsche Bank facilitated their spoofing activities. The bank's traders also communicated across the globe via electronic chat rooms and video teleconferencing.
The 31 year old who participated in, solo and coordinated spoofing with other traders "hundreds of times," and stop loss manipulation coordinated with Trader F at UBS, pleaded guilty in a Chicago court on June 1, 2017. Stop loss manipulations were also undertaken with others at Deutsche Bank in relation to information about a large metals trade for a bank customer.
The penalty handed down by the CFTC for Liew included a lifetime ban from commodity trading, while a monetary fine was not imposed "based upon his cooperation in a Commission investigation and related proceedings." The DOJ prosecutes his criminal trial where he is expected to receive reduced sentencing in return for cooperation as a witness.
According to the sealed FBI affidavit cited by Bloomberg, after Liew was taught to spoof by Vorley and Chanu at Deutsche Bank he went on to train others in the "tricks."
Since leaving the bank, Liew has continued to use his business and training skills, as he told the Court in June last year.
"I've set up my own businesses. So, I — a co-owner of a restaurant. I own a online toy store for children. And most recently I've also started teaching programming to kids."
Presently up to four Deutsche Bank, two Merrill Lynch and UBS AG traders associated with the alleged manipulations are absent from indictments. Similarly an HSBC trader who allegedly spoofed alone remains at large.
The only US financial organisation implicated, Bank of America Merrill Lynch and its indicted traders, Edward Bases and John Pacilio are absent from CFTC Orders and Complaints.
The first public proceedings for the six traders is to begin in couple of weeks with Flotron's jury selection scheduled for April, 6. His trial under Judge Jeffrey A. Meyer in Newhaven, Connecticut, is set to commence on April, 16.
"BEYOND SPOOFING"
Even with the first trial about to start, four years since the last of the allegations, the precious metals probes continue.
The Department of Justice Fraud and Antitrust Divisions opened their precious metals investigations into financial institutions in 2015, but the criminal antitrust probe was closed in January, 2016. The US Government agencies were not the only parties investigating banks precious metals trading though.
The banks, defending also civil antitrust precious metals class action lawsuits, received an extraordinary boost in the form of letter/s from the DOJ announcing closure of the investigations. Predictably the letter was used by defendants straight away in an attempt to convince the Courts to dismiss the lawsuits.
The Court: "You all love this letter, don't you?"
Defense Attorney: "They are not that easy to get, your Honor."
The Court: "That's true. You should have gold bars around it."
Raising the spectre that the DOJ had botched the antitrust probe, in October the Court denied Motions to Dismiss against all the banks except UBS, the only non-Fixing bank defendant.
Challenging the Courts decision to dismiss civil complaints against UBS, only a short month later in November, the antitrust plaintiffs submitted damning new evidence.
Frank chat messages between traders in different banks, including UBS, about manipulating the Gold and Silver Fixes had been provided to plaintiffs by Deutsche Bank in their settlement cooperation materials. Surprisingly the DOJ had for 13 months sifted the same evidence without finding criminal evidence of antitrust conspiracy.
At the request of the DOJ the Court then placed the civil antitrust lawsuits on a partial stay of discovery for 12 months until December, 2017, doubtless to protect their ongoing precious metals fraud investigation.
To be fair to the DOJ, as Judge Valerie Caproni, former FBI General Counsel, had warned at the April, 2016, arguments, mistakes are not uncommon in government investigations. "Just because a government investigation is closed…doesn't mean everybody is innocent."
Another reason for delays in criminal prosecution of the cartel, concerns international treaties. Andre Flotron's indictment and arrest on US soil in September last year was a stroke of luck for investigators and prosecutors who understand that extradition between countries with different laws can be problematic.
For example in May, 2015, the CFTC brought spoofing charges in gold and silver futures against UAE traders Heet Khara and Nasim Salim for manipulation between February and April, 2015. In 2016 a Federal New York court ordered the duo to pay $1.38 and $1.31 million in civil monetary penalties, but the pair are yet to be indicted in the US.
The FBI is yet to declare if the futures traders were also manipulating the underlying commodity such as the Gold and Silver Fix and spot markets, not to mention other products such as ETF's.
At Andre Flotron's pre-trial Status Conference December 4, 2017, DOJ Fraud Section Attorney Micheal Rinaldi hinted at a bigger picture:
"The larger conspiracy includes this much larger universe where Mr. Flotron is spoofing on a regular basis."
The Swiss trader, was all but named by a Swiss regulator in 2014 who said they had, "seen clear attempts to manipulate fixes in the precious metals markets," at the UBS precious metals desk in Zurich. FINMA went on to ban two UBS precious metals traders for one year, evidently Flotron, principal trader at the desk since 2010, and another uncharged.
Answering the judge's question at the October 5, 2017, Status Conference about Flotron's witness statement and the possibility of new evidence emerging, Assistant U.S. Attorney Jonathon Francis said:
"if we have communications, his chats, his e-mails, something like that, here's no reason not to give them to them now. It's when we get into the sort of the everything else. And I'll tell you, the everything else goes beyond spoofing. Because this investigation dealt with trading more broadly and many banks."
This article was first published at Allan Flynn's website here.
Follow Allan Flynn on Twitter: @Allan_W_Flynn
You can donate to Allan's GoFundMe campaign to attend and report on the first spoofing trial starting 4/9/18.
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Home Headlines Prime Minister Stephen Harper joins Aga Khan at opening of Ismaili Centre...
Prime Minister Stephen Harper joins Aga Khan at opening of Ismaili Centre and Aga Khan Museum
PRIME Minister Stephen Harper on Friday joined the Aga Khan at the official opening of the Ismaili Centre and the Aga Khan Museum, situated in the Don Mills area of Toronto, Ontario. He was joined by Shelly Glover, Minister of Canadian Heritage and Official Languages.
While at the Ismaili Centre, Harper toured the complex which incorporates spaces for social and cultural gatherings, intellectual engagement and reflection, as well as spiritual contemplation.
He then visited the Aga Khan Museum, which also held its inaugural ceremony on the same day. The museum's collection, which includes art and artefacts from the permanent collection of the Aga Khan and members of his family, is dedicated to presenting an overview of the artistic, intellectual and scientific contributions that Muslim civilizations have made to world heritage.
Across Canada, Canadian Ismailis joined together at mosques and gathering places to watch a livestream of the events with their communities.
* The Aga Khan is the 49th hereditary Imam (spiritual leader) of the world's 15 million Shia Ismaili Muslims.
* There are more than 100,000 Shia Ismaili Muslims in Canada.
* Since taking on his role as Imam in 1957, the Aga Khan has been deeply engaged in improving the quality of life of the most vulnerable populations, while emphasizing the need to uphold human dignity as well as respect for tolerance and pluralism.
* The first Canadian Ismaili Centre was opened in Burnaby, B.C., in 1985.
* There are currently six Ismaili Centres globally, including the Centre in Toronto. The network of Ismaili Centres reflects and illustrates, through design and function, the Ismaili community's intellectual and spiritual understanding of Islam, its social conscience and its tolerant attitude.
* The Aga Khan was formally granted honorary citizenship in May 2010 during an official visit to Canada. During that visit, Harper and the Aga Khan took part in the Foundation Ceremony of the Ismaili Centre, Aga Khan Museum and Park.
* The museum is the first in North America dedicated exclusively to the arts and artefacts of the Islamic world.
* On February 27, 2014, the Aga Khan became the first faith leader to address the Joint Session of Canada's Parliament.
* The Aga Khan attended the Prime Minister's Saving Every Woman Every Child Summit, where he made a keynote address.
"It is once more an honour to welcome His Highness the Aga Khan to Canada. Our country has a deep and longstanding partnership with the Imamat, as evidenced by his decision to establish the Ismaili Centre and the Aga Khan Museum in Toronto. This partnership stems from our shared commitment to pluralism, civil society, human dignity, and peace and understanding," said Harper.
"I encourage Canadians from coast to coast to coast as well as international visitors to tour these architectural marvels. I am certain that the Centre and Museum will help to promote spirituality and deepen religious and cultural understanding and respect in Canada."
PREMIER Christy Clark issued the following statement:
"I want to congratulate Prime Minister Stephen Harper and the Aga Khan on the opening of the Aga Khan Museum and Ismaili Conference Centre in Toronto. This new centre was built with the hard work of the Aga Khan Development Network (AKDN), a group of international organizations and social enterprises overseen by His Highness.
"B.C. has a strong Ismaili community, with the Ismaili Centre in Burnaby being the first such centre to be built in Canada. We want to take this opportunity to celebrate with B.C.'s Ismaili community and to show our support for the role these centres play in promoting friendship and diversity and enhancing relationships among faith communities, governments and civil society.
"I invite His Highness to visit British Columbia on his next trip to Canada to see the many contributions of B.C.'s Ismaili community and to help strengthen relationships between the AKDN, B.C. Ismailis and B.C. organizations that promote diversity, knowledge and inclusiveness.
"On behalf of all British Columbians, I want to join the Ismaili community in offering my congratulations on the opening of the new Aga Khan Museum and Ismaili Conference Centre in Ontario and I look forward to a future visit from His Highness to British Columbia."
'Friendship between Canada and India is stronger than it has ever...
Harper announces massive tax cuts, increased benefits for families with kids


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Joy Behar: Rev. Wright's Anti-Italian Slurs a 'Compliment'
By Justin McCarthy | March 28, 2008 3:35 PM EDT
"The View's" Joy Behar is so partisan as to spin an ethnic slur from Barack Obama's pastor into a compliment. Discussing Reverend Jeremiah Wright's "garlic nosed Italians" comments on the March 28 edition, Behar noted "he's talking about the ancient Romans here," (apparently Reverend Wright did not know that Italy did not exist as a country until 1861) and claimed "the Roman nose has been celebrated in art and history...I don't think it's insulting." She also added that garlic in her diet helps with her "gorgeous complexion."
Elisabeth Hasselbeck compared it to the use of the nose as an anti-Semitic stereotype. Behar disagreed asserting "the Roman nose hasn't been used against Italians the way the Jewish stereotype of a hook nose has been used against the Jews."
Also of note in the segment, Whoopi Goldberg compared Obama's pastor problem to John F. Kennedy's challenge to run for president as a Catholic. Barbara Walters immediately responded that the comparison was not valid.
"Because with John Kennedy there was religious bigotry in this country and there still is to some degree, but less. But you can not compare- we're not talking about Barack Obama's religion. We're not saying that he shouldn't be a Christian and so forth. We are talking about a mentor, and a mentor who does, who says very bigoted, racially discriminatory statements."
The entire transcript is below.
WHOOPI GOLDBERG: Reverend Wright. You know, he's been in the news as of late. He's been talking about all kinds of things and people have been asking about Obama a lot of questions, you know, what did he say? What the hey? And we're going to ask him today. And the quote that got Elisabeth going this morning was which?
ELISABETH HASSELBECK: Well, he's just, only because it's another thing that we've heard about him and- in talking about Jesus and during the time of crucifixion he said Jesus' enemies had their own opinions about him. He wrote, in a eulogy actually, he said "the Italians for the most part looked down their garlic noses at the Galileans." And I just- and he goes on again to then talk about, you know, white supremacy in the U.S. But I just think can we only be sensitive about certain comments? Or, you know, I think any sort of classification and bigotry towards any group is not okay, and we're learning more and more things that he has said. And I think what then poses the challenge to Barack Obama, does he have to keep defending him time and time again?
GOLDBERG: It, it, it sort of takes you back to Kennedy because everyone was concerned about Kennedy's religion and his spiritual leader who was the pope. You know, and again, Kennedy said "listen, I'm my own man. I will be making the decisions that need to be made based on what the country needs." And I think at some point, since Reverend Wright isn't running for president, unless we missed something on CNN and that's quite possible, it's, you know, there are, there are idiotic statements made everyday from all colored people- not colored people- all people who- you know what I'm saying.
HASSELBECK: Yes, I know exactly what you're saying.
BARBARA WALTERS: Well, I'm not sure it's the same. I'm not, I'm not-
GOLDBERG: Why not?
WALTERS: Because with John Kennedy there was religious bigotry in this country and there still is to some degree, but less. But you can not compare- we're not talking about Barack Obama's religion. We're not saying that he shouldn't be a Christian and so forth. We are talking about a mentor, and a mentor who does, who says very bigoted, racially discriminatory statements. I don't think that's the same as when John Kennedy-
GOLDBERG: I do.
WALTERS: I know you do, but I, but I don't.
GOLDBERG: I think you- that's your right. But I'm just saying that these questions of someone's mentor or the people in their lives. You know, again, if any of us actually had to be looked at with the people in our lives, none of us would pass the test. Yes, a lot of us have.
WALTERS: No wait, if I went to a church that, if I went to my church or temple where the preacher who is preaching, I mean we've had these arguments before and this is one, were preaching also teaching children, they are teaching children, and they said terrible things about black people, about Italians, about Jews, really derogatory bigoted things, I could not say "well, there are a lot of crazy people and-" I would feel that had to say.
JOY BEHAR: Wait, all institutional religion always has things in it-
GOLDBERG: Always.
BEHAR: -that are offensive to somebody.
WALTERS: Not that-
HASSELBECK: But you're separating it, you're separating it, this is a choice that he has made.
GOLDBERG: To Jews that's what it was when we were kids. It was offensive to Jews when we were kids.
BEHAR: Exactly.
SHERRI SHEPHERD: Jeremiah Wright, in the twenty years that he's been preaching has also taught children about community-
WALTERS: Well, we know about that. That's what Barack Obama said.
SHEPHERD: Also saying, because you're also saying because he's teaching kids something negative and he's teaching a lot of positive.
BEHAR: Well, you know, I come from an Italian family-
HASSELBECK: It doesn't take away from the negative.
BEHAR: I'm from an Italian-American family so-
HASSELBECK: So am I.
BEHAR: So tell me what he said again. The garlic nosed- what was it?
HASSELBECK: He said "the Italians for the most part look down their garlic noses at the Galileans."
BEHAR: Okay, first of all, he's talking about the ancient Romans here.
HASSELBECK: Yes he is.
BEHAR: And the Roman nose has been celebrated in art and history. [applause] So I don't count it as, I don't think it's insulting.
HASSELBECK: I hear you. I'm saying this is by far-
BEHAR: Hey listen, if I didn't have garlic in my diet, I would not have the gorgeous complexion that I have.
HASSELBECK: All I'm saying is and it is gorgeous. It is gorgeous.
WALTERS: It's a compliment.
HASSELBECK: It is. I guess I should take it as a compliment then.
BEHAR: It's a compliment!
HASSELBECK: I understand, but don't you think that at some point you have to draw that line. Do you remember there was a time when there was propaganda put out, I believe of the Jewish man, the profile with the nose drawn and with unbelievably hateful comments alongside of it.
BEHAR: That's different.
HASSELBECK: It isn't. I think any time you take some, any time you take some-
BEHAR: I'll tell you why it's different.
HASSELBECK: -someone's ethnicity, or race, or sex and use it in a way that classifies them unfairly, I think that there's something wrong with that.
BEHAR: I don't think that the Roman nose has been used against Italians the way the Jewish stereotype of a hook nose has been used against Jews. So we have to separate the two ideas.
HASSELBECK: So some are, some are okay?
BEHAR: Don't flip those ideas.
HASSELBECK: Some are okay then?
BEHAR: Because one group has been oppressed for something like that and the other has not. It has been celebrated.
HASSELBECK: I think racism works in many directions. Not just one.
BEHAR: Well, what you're doing is just sort of like making it all in one big batch, and it's not.
WALTERS: Barack Obama has condemned, we can not forget what this man has said. He has condemned those remarks. He has in no way supported them, advocated them, stood behind them, or praised his reverend.
GOLDBERG: Right on.
HASSELBECK: Now he has
WALTERS: He said he has never considered- well, it didn't come up before.
GOLDBERG: Elisabeth.
SHEPHERD: It didn't come up Elisabeth.
GOLDBERG: Yeah that, you're wrong because as soon as it happened he did that. You have to give him that.
HASSELBECK: As soon as it was made public.
WALTERS: No, let me finish. He has-
GOLDBERG: Go ahead.
WALTERS: He has- there are still questions which we will ask him about whether he should have gone further, whether he should still go further, but we can not let it stand that these are, that these are any statements or any sentiments of Senator Barack. That's all I wanted to say.
Religion Race Issues Campaigns & Elections 2008 Presidential Racism ABC The View Whoopi Goldberg Jeremiah Wright
Justin McCarthy


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Advice from Edson Student Entrepreneur Initiative Participants
Blog Advice from Edson Student Entrepreneur Initiative Participants
What's in a name? In the case of Edson, it's a legacy of unlocking pathways for student entrepreneurs at ASU where lofty ideas became reality, where what could be became limitless. The Edson Student Entrepreneur Initiative, launched in 2005, paved the way for students to access funding, mentorship, resources, and support, which catalyzed a vibrant entrepreneurial community. Now, as the J. Orin Edson Entrepreneurship + Innovation Institute, we are able to serve the greater community by providing opportunities and resources in perpetuity. Part of that community is the Venture Devils+ program designed to offer the highest potential Venture Devil entrepreneurs an advanced/supplemental program and a pathway for achieving true market success.
For a glimpse inside the entrepreneurial journey, we reached out to a few of our outstanding Edson Student Entrepreneur Initiative recipient founders / Venture Devils+ cohort members who shared how they turned an initial idea into launching a venture.
Q: What is your venture name and what pain point are you trying to solve?
StormStick Decon: led by founder Jason Miller, he created a tool that allows for firefighters to effectively remove the cancer-causing toxins from their equipment after exposure.
Strax Gear: led by founders Sam Boatman, Sean Dicke and Nicholas Raccosta, these three developed a versatile, industrial strength gear storage system using sustainable materials.
Navi Concierge Nurses: led by Jasmine Bhatti, Shawn Harrell and Ayan Said, this trio created the first marketplace of trusted nurses, where ordinary people can directly hire a uniquely matched nurse to be by their side to provide education, advocacy, care coordination, and general support for optimal health outcomes.
Q: Tell us about your entrepreneurial journey. How did you get started? Where are you now?
StormStick Decon (as shared by Jason Miller): While watching the devastating ripple effect of friends and co-workers diagnosed with and dying of occupational cancer, and feeling responsible for the livelihood of members that I supervise in the fire service, I set out to find a solution that would push back against the exposure and risk that firefighters encounter.
Studies have shown that when firefighters leave a fire hazard area, their equipment is saturated in deadly and cancer-causing toxins. As they remove the gear, the toxins get absorbed into their skin and breathed into their lungs which leads to increased rates of cancer. I committed to address this problem at the first and most intense point of exposure.
Once I had a buildable idea, I began constructing the tool. I physically built at least 15 iterations of the tool before finally landing on a design that could work. As we tested the system, many new challenges were overcome like fail points under pressure, size of connectors, spray patterns and angles of liquid dispersion.
The shared spaces through ASU's Venture Devils helped tremendously with the solution and iterative process. After systematically solving each issue, we now had a tool ready for field testing. We used this in real-world applications over the next 6 months, adjusting based on information gathered during that process. We now had a tool that was proven to accomplish what we needed through iteration and field use.
Finally, we needed to commercialize the tool so that it would be sellable and scalable. We found ways to minimize unnecessary fittings, had custom pieces made, finished metal parts with durable finishes and engraved a logo into the pieces. With the system now complete, the business needed to be established, website and social media platforms obtained, financial structure built, and inventory created. Then, we developed a to-market strategy with much help from ASU Venture Devil mentors.
With a tested product ready for market, business infrastructure in place and a to-market plan, we are now moving to launch the company and hopeful we will be able to get this tool in the hands of as many firefighters as possible and begin pushing back against the deadly effects of toxic exposure.
Q: How did you know you wanted to be an entrepreneur? What inspired you?
Strax Gear (as shared by Sean Dicke) The vision for Strax Gear started while I was doing an internship for a ski manufacturer in Tahoe. I started noticing how much waste was being created from left over materials. After tinkering with different scraps in a pile near the CNC machine, I started thinking of ways I could utilize it and crea te a product and business model challenging the way traditional business has been done since the industrial revolution.
From there I shared this vision with friends that were passionate about preserving the outdoors and slowly began to assemble a small team that helped create a scalable and sustainable business. After countless long nights working out logistics, product design and market research we launched our MVP with the help of Venture Devils and discovered the demand in the market for sustainable & multi-functional products to create our flagship product the Infinity Rack.
Q: How has the Venture Devils program helped you realize your entrepreneurial potential?
Navi Concierge Nurses (as shared by Jasmine Bhatti) Being a part of Venture Devils has been a priceless experience for us. First, we had access to a weekly mentor who was very experienced and offered valuable insight week by week.
Our mentor was also a minority female, which was incredibly empowering to us as we are a female and minority lead team. She could relate to us easily and opened up candidly about potential challenges we may have along the way. We are incredibly grateful for her support, p
articularly as she helped us submit a winning pitch that resulted in a significant amount of seed funding. This seed money has been transformational in laying the foundation of our legal documents, agreements, marketing, and hiring. It has also opened the door for us to continue gaining insight and mentorship during the summer with the Venture Devils+ program.
In this program, we were paired with two experts in finance and marketing. Being that we are healthcare experts, this is a whole new realm to learn about, and working under the guidance of Stephanie and Marty was incredible. Just looking at where we were at the start of the summer, up until now, is almost surreal. The growth that we are seeing within ourselves is astounding, but I attribute this to the Venture Devils mentors. What I appreciate most is that they work to keep us on the right path, but truly encourage us to lead the transformations as we go along.
Q: What advice would you share with someone who has just started their entrepreneurial journey?
StormStick Decon: I would say that this journey is a marathon, not a sprint. To me, the entrepreneurial process is all about bumping into walls (challenges) and finding or creating ways in, over, through or around those walls (solutions).
It is so fun if you don't think of it as a means to an end, but instead an ongoing process of learning, growing, and building (not always in that order). If you stay the course, you will find success at different points along the journey, and the longer you stay on the path, the more potential you will realize.
Even the most successful and seasoned entrepreneurs I meet acknowledge they are still learning and growing. So, take a long view, take a deep breath, point yourself in the direction you want to go and start moving.
Ready to hear more about their entrepreneurial journeys? Join us as we share more from our inspiring venture founders at our upcoming Venture Devils+ showcase:
Date: Wednesday, September 9, 2020
Please register via Eventbrite today: https://venturedevilsplusshowcase.eventbrite.com
For quick access to the event (via Zoom): https://asu.zoom.us/j/95092012878
*Please note, when you join the webinar, Zoom will require you to enter in some identifying information.
PHX Startup EcosystemStudent entrepreneursVenture Devils
2022 Holiday Gift Guide: Support Entrepreneurs Affiliated with Edson Entrepreneurship + Innovation Institute
It's that time of year! If you are still working on your holiday gift list and love supporting entrepreneurs, we have the perfect inspiration for you. Our holiday gift guide
Steve Case Visits Phoenix, Sharing his Rise of the Rest Story while Encouraging Entrepreneurs
In 2014, Steve Case launched the Rise of the Rest, a multi-stop cross-country road trip to meet entrepreneurs where they are all across America. He began a journey to better
Emerging Young West Valley Entrepreneurs Who Are Changing the World
Students in Peoria are emerging as serious entrepreneurs with ventures winning funding competitions and garnering international media coverage. The first thing you think of when you hear the word "entrepreneur"


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Q: How to calculate Mann Kendall Statistics in R I would like to calculate Mann Attached imageKendall statistics in R. i have an excel sheet with rainfall and years. how would i best get it

A: Looking at the attached image you should not put Book1$Mean in quotes. Try using:
MannKendall(Book1$Mean)


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