Biden’s Bank Controller Nominee is a Communist

Primer: This site published an item on Saule Omarova last month, Biden’s Nominee for the Treasury Dept is Member of a Facebook Marxist Group

A big question would be just how she could pass and gain security clearance?

One has to ask where do these people come from such that Biden staff personnel know about them in the first place and then nominate that for a cabinet position, which apparently Biden himself approves….

In part consider these additional items:

2020 article written by Omarova that suggests the need for a government-controlled “people’s ledger” that would “end banking as we know it” has caused further friction over her nomination, with some reports suggesting that moderate Democrats may oppose her appointment.

A Republican senator has called on Omarova to hand over her university thesis from her time at Moscow State University, which was titled Karl Marx’s Economic Analysis And The Theory Of Revolution In Das KapitalIn the Soviet Union, it was nearly impossible for ambitious academics to avoid extolling the “virtues” of socialism and Marxist theory. More here. 

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SAULE OMAROVA’S ACADEMIC WORK

Among Omarova’s publications, “The People’s Ledger: How to Democratize Money and Finance the Economy,” written for Vanderbilt Law Review, is of particular interest. Here, she argues all bank accounts should be in – what she terms – “FedAccounts” to be monitored by the Federal Reserve. [source]

From past tweets of hers, we know that she has praised the Soviet Union, with her most popular tweet stating, “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’”[source]

Since her nomination to the position within the OCC as the Comptroller of the Currency (an office I don’t believe is helpful in the first place), Senator Pat Toomey asked her to turn over her thesis on Marxism to the Senate. She refused. Moscow University representatives stated the thesis was destroyed, and no copies of Omarova’s work existed within the university. source

***Towards The Mandatory Approval Of Complex Financial ... She authored this item in Social Europe, it is terrifying.

Perhaps the Biden mission to destroy the American oil and gas industry is coming from her.

She wants to regulate the banking system said earlier this year that she wants to “starve” companies of money to invest in the oil and gas industry in order to fight climate change, comments that could further complicate her chances of Senate confirmation. Additionally, she has proposed establishing a National Investment Authority to divert investments away from the oil and gas industry and into “clean and green” infrastructure projects. Speaking at a virtual forum in May, Omarova said “the way we basically get rid of those carbon financiers is we starve them of their sources of capital.”Omarova, a professor at Cornell Law School, says her proposed National Investment Authority would serve as the “fighting muscle” of the progressive-backed Green New Deal. Under Omarova’s proposal, the National Investment Authority would create investment funds and issue bonds in order to lure investors to fund clean energy projects, sapping oil and gas projects of their funding. The agency, which Omarova modeled after the New Deal-era Reconstruction Finance Corporation, would work closely with the Federal Reserve and Treasury Department, which oversees the Office of the Comptroller of the Currency. More here. 

Introducing Air-scrubbing Machines of Carbon Dioxide

NEW YORK (AP) — On a field ringed by rolling green hills in Iceland, fans attached to metal structures that look like an industrial-sized Lego project are spinning. Their mission is to scrub the atmosphere by sucking carbon dioxide from the air and storing it safely underground.

Just a few years ago, this technology, known as “direct air capture,” was seen by many as an unrealistic fantasy. But the technology has evolved to where people consider it a serious tool in fighting climate change.

Orca - World's Biggest Carbon Capturing Machine Has Been ...

The Iceland plant, called Orca, is the largest such facility in the world, capturing about 4,000 metric tons of carbon dioxide per year. But compared to what the planet needs, the amount is tiny. Experts say 10 billion tons of carbon dioxide must be removed annually by mid-century.

“Effectively, in 30 years’ time, we need a worldwide enterprise that is twice as big as the oil and gas industry, and that works in reverse,” said Julio Friedmann, senior research scholar at the Center on Global Energy Policy at Columbia University.

RELATED READING: THE BENEFITS OF CARBON DIOXIDE

Leading scientific agencies including the United Nations Intergovernmental Panel on Climate Change say that even if the world manages to stop producing harmful emissions, that still won’t be enough to avert a climate catastrophe. They say we need to suck massive amounts of carbon dioxide out of the air and put it back underground — yielding what some call “negative emissions.”

“We have already failed on climate to the extent to which direct air capture is one of the many things we must do,” Friedmann said. “We have already emitted so many greenhouse gases at such an incredible volume and rate that CO2 removal at enormous scales is required, as well as reduction of emissions.”

As dire warnings have accelerated, technology to vacuum carbon dioxide from the air has advanced. Currently, a handful of companies operate such plants on a commercial scale, including Climeworks, which built the Orca plant in Iceland, and Carbon Engineering, which built a different type of direct air capture plant in British Columbia. And now that the technology has been proven, both companies have ambitions for major expansion. source

 

DIRECT AIR CAPTURE AT WORK

At Climeworks’ Orca plant near Reykjavik, fans suck air into big, black collection boxes where the carbon dioxide accumulates on a filter. Then it’s heated with geothermal energy and is combined with water and pumped deep underground into basalt rock formations. Within a few years, Climeworks says, the carbon dioxide turns into stone.

It takes energy to build and run Climeworks’ plants. Throughout the life cycle of the Orca plant, including construction, 10 tons of carbon dioxide are emitted for every 100 tons of carbon dioxide removed from the air. Carbon Engineering’s plants can run on renewable energy or natural gas, and when natural gas is used, the carbon dioxide generated during combustion is captured.

Carbon dioxide can also be injected into geological reservoirs such as depleted oil and gas fields. Carbon Engineering is taking that approach in partnership with Occidental Petroleum to build what’s expected to be the world’s largest direct air capture facility in the Southwest’s Permian Basin — the most productive U.S. oil field.

Direct air capture plants globally are removing about 9,000 tons of carbon dioxide from the air annually, according to the International Energy Agency.

Climeworks built its first direct air capture plant in 2017 in Hinwil, Switzerland, which captured 900 metric tons of carbon dioxide annually that was sold to companies for use in fizzy beverages and fertilizer. The company built another plant, called Artic Fox, in Iceland that same year; it captured up to 50 metric tons of carbon dioxide annually that was injected underground.

“Today we are on a level that we can say it’s on an industrial scale, but it’s not on a level where we need to be to make a difference in stopping climate change,” said Daniel Egger, chief commercial officer at Climeworks.

BIG PLANS, CHALLENGES

Their plans call for scaling up to remove several million metric tons of carbon dioxide annually by 2030. And Eggers said that would mean increasing capacity by a factor of 10 almost every three years.

It’s a lofty, and expensive, goal.

Estimates vary, but it currently costs about $500 to $600 per ton to remove carbon dioxide using direct air capture, said Colin McCormick, chief innovation officer at Carbon Direct, which invests in carbon removal projects and advises businesses on buying such services.

As with any new technology, costs can decrease over time. Within the next decade, experts say, the cost of direct air capture could fall to about $200 per ton or lower.

For years, companies bought carbon offsets by doing things like investing in reforestation projects. But recent studies have shown many offsets don’t deliver the promised environmental benefits. So McCormick said companies are looking for more verifiable carbon removal services and are investing in direct air capture, considered the “gold standard.”

“This is really exploding. We really didn’t see hardly any of this until a couple of years ago,” he said, referring to companies investing in the technology. “Two years ago Microsoft, Stripe and Shopify were really the leaders on this who first went out and said, ‘We want to procure carbon dioxide removal from the atmosphere.’”

Companies are setting targets of net zero carbon emissions for their operations but can only reduce emissions so far. That’s where purchasing carbon removal services such as direct air capture comes in.

Individuals can buy atmosphere-scrubbing services too: Climeworks offers subscriptions starting at $8 a month to people who want to offset emissions.

In the U.S., direct air capture facilities can get a tax credit of $50 a ton, but there are efforts in Congress to increase that to up to $180 a ton, which if passed, could stimulate development.

The Department of Energy announced Friday a goal to reduce the cost of carbon removal and storage to $100 per metric ton, saying it would collaborate with communities, industry and academia to spur technological innovation.

Oil companies such as Occidental and Exxon have been practicing a different form of carbon capture for decades. For the most part, they are taking carbon dioxide emissions from production facilities and injecting it underground to shake loose more oil and gas from between rocks.

Some question the environmental benefits of using captured CO2 to produce more fossil fuels that are eventually burned, producing greenhouse gases. But Occidental says part of the goal is to make products such as aviation fuel with a smaller carbon footprint — since while producing the fuel, they’re also removing carbon dioxide from the air and storing it underground.

Capturing carbon dioxide from oil and gas operations or industrial facilities such as steel plants or coal-burning power plants is technically easier and less costly than drawing it from the air, because plant emissions have much more highly concentrated CO2.

Still, most companies are not capturing carbon dioxide that leaves their facilities.

Worldwide, industrial facilities capturing carbon dioxide from their operations had a combined capacity to capture 40 million tons annually, triple the amount in 2010, according to the International Energy Agency.

But that’s less than 1% of the total emissions that could be captured from industrial facilities globally, said Sean McCoy, assistant professor in the department of chemical and petroleum engineering at the University of Calgary.

If governments created policies to penalize carbon dioxide emissions, that would drive more carbon removal projects and push companies to switch to lower-carbon fuels, McCoy said.

“Direct air capture is something you get people to pay for because they want it,” he said. “Nobody who operates a power plant wants (carbon capture and storage). You’re going to have to hit them with sticks.”

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Associated Press reporter Jamey Keaten contributed from Geneva.

Microsoft Reveals Continued Hacks of Technology Companies

The Russia-linked hackers behind last year’s compromise of a wide swath of the U.S. government and scores of private companies, including SolarWinds Corp. , have stepped up their attacks in recent months, breaking into technology companies in an effort to steal sensitive information, cybersecurity experts said.

In a campaign that dates back to May of this year, the hackers have targeted more than 140 technology companies including those that manage or resell cloud-computing services, according to new research from Microsoft Corp. The attack, which was successful with as many as 14 of these technology companies, involved unsophisticated techniques like phishing or simply guessing user passwords in hopes of gaining access to systems, Microsoft said.

***SolarWinds Hackers Accessed US Justice Department Email ...

Source: In a recent blog post to the company’s website, Microsoft’s corporate vice president of customer security and trust, Tom Burt, wrote that “state actor Nobelium has been attempting to replicate the approach it has used in past attacks by targeting organizations integral to the global IT supply chain.”

Nobelium is “attacking a different part of the supply chain: resellers and other technology service providers that customize, deploy and manage cloud services and other technologies on behalf of their customers,” according to the company.

Burt wrote that 609 Microsoft customers had been informed that they’d been attacked between July and October of this year close to 23,000 times “with a success rate in the low single digits.”

The attacks, according to the executive, were not aimed at a specific flaw in any of the systems, rather, they were “password spray and phishing” attacks, which are aimed at stealing credentials that grant the attackers access to privileged information.

The Russian state-backed hacking group is, according to Burt, “trying to gain long-term, systematic access to a variety of points in the technology supply chain, and establish a mechanism for surveilling – now or in the future – targets of interest to the Russian government.”

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Over 600 Microsoft customers targeted since July

“Since May, we have notified more than 140 resellers and technology service providers that have been targeted by Nobelium,” said Tom Burt, Corporate Vice President at Microsoft.

“We continue to investigate, but to date we believe as many as 14 of these resellers and service providers have been compromised.”

As Burt added, in all, more than 600 Microsoft customers were attacked thousands of times, although with a very low rate of success between July and October.

“These attacks have been a part of a larger wave of Nobelium activities this summer. In fact, between July 1 and October 19 this year, we informed 609 customers that they had been attacked 22,868 times by Nobelium, with a success rate in the low single digits,” Burt said.

“By comparison, prior to July 1, 2021, we had notified customers about attacks from all nation-state actors 20,500 times over the past three years.”

Nobelium MSP attacks
Nobelium MSP attacks (Microsoft)

This shows that Nobelium is still attempting to launch attacks similar to the one they pulled off after breaching SolarWinds’ systems to gain long-term access to the systems of targets of interest and establish espionage and exfiltration channels.

Microsoft also shared measures MSPs, cloud service providers, and other tech orgs can take to protect their networks and customers from these ongoing Nobelium attacks.

Nobelium’s high profile targets

Nobelium is the hacking division of the Russian Foreign Intelligence Service (SVR), also tracked as APT29, Cozy Bear, and The Dukes.

In April 2021, the U.S. government formally blamed the SVR division for coordinating the SolarWinds “broad-scope cyber espionage campaign” that led to the compromise of multiple U.S. government agencies.

At the end of July, the US Department of Justice was the last US govt entity to disclose that 27 US Attorneys’ offices were breached during the SolarWinds global hacking spree.

In May, the Microsoft Threat Intelligence Center (MSTIC) also reported a phishing campaign targeting government agencies from 24 countries.

Earlier this year, Microsoft detailed three Nobelium malware strains used for maintaining persistence on compromised networks: a command-and-control backdoor dubbed ‘GoldMax,’ an HTTP tracer tool tracked as ‘GoldFinder,’ a persistence tool and malware dropper named ‘Sibot.’

Two months later, they revealed four more malware families Nobelium used in their attacks: a malware downloader known as ‘BoomBox,’ a shellcode downloader and launcher known as ‘VaporRage,’ a malicious HTML attachment dubbed ‘EnvyScout,’ and a loader named ‘NativeZone.’

Biden’s Nominee for the Treasury Dept is Member of a Facebook Marxist Group

It used to be that anyone chosen to be in a presidential cabinet role experienced exceptional resume scrutiny before they were selected. It is likely that remains the case under the Biden administration and that should tell another part of the story….the Biden advisors are supporters themselves are Marxists. Further, the American people are forced to accept associated policies and legislation that is playing out today under this administration.

So, who is Saule Omarova? Apparently she is a person that all democrats approve of since not one person on the Left has expressed worry or criticism.Saule Omarova specializes in regulation of financial institutions, banking law, international finance, and corporate finance. Before joining Cornell Law School in 2014, she was the George R. Ward Associate Professor of Law at the University of North Carolina School of Law.

She is also part of the Berggruen Institute. What is that?

Founded in 2010 by philanthropist and investor Nicolas Berggruen, the Berggruen Institute develops the foundational ideas and critical analysis needed to unlock enduring progress for political, economic, and social institutions in the 21st century. Since its inception, the Berggruen Institute has launched the 21st Century Council, the Council for the Future of Europe, the Berggruen China Center, the Think Long Committee for California, and the signature Berggruen Prize for Philosophy and Culture.

In partnership with the University of Southern California Dornsife Center on Science, Technology and Public Life (STPL), Berggruen Fellowships offer scholars flexible periods of work and study in both the United States and China.

Saule Omarova Height, Weight, Net Worth, Age, Birthday ...

 

FNC:

Saule Omarova, President Biden’s pick to be the comptroller of the currency within the Treasury Department, appears to have joined a Facebook group for Marxist and socialist discussion in 2019, according to a post in the group called “Marxist Analysis and Policy.”

This week, the right-leaning American Accountability Foundation first resurfaced a 2019 post from the public Facebook group. A member posted, “Let’s welcome our newest members: Saule Omarova.”

The post links to a Facebook account that’s been in operation since at least 2017 with a profile picture that appears to be of Omarova. The account’s profile picture has 85 visible likes and 14 visible comments, some of which appear to be from people who would reasonably run in the same social circles as Omarova. Those include a University of Minnesota law professor and a Cornell engineering professor.

The White House announced that it is nominating Omarova – a Cornell law professor – to run the key post that regulates national banks last month. Since then, Omarova has drawn harsh scrutiny for her past comments that were very hostile toward the financial services industry. She’s also been attacked over her Moscow State University thesis about Marxism, which Sen. Pat Toomey, R-Pa., is demanding that she turn over to the Banking Committee.

FOX Business sent messages to both Omarova and the White House requesting confirmation that the Facebook account is authentic, and asking for comment. Neither responded.

The Facebook group’s description states that it is for socialism and against capitalism.

“This Marxist group is a platform for analysis, policy (sic) and polemics from the perspectives of a diverse range of Socialist and anti-capitalist views,” it says. “We are against exploitation, inequality, racial (sic) discrimination and ecological destruction at the core of Capitalist social relations. The working class has the potential and the ability to change Capitalism and in the process change itself. Only working people, by (sic) their own efforts, can free themselves from Capitalism. We stand for the self emancipation of the working class and Socialism.”

The group’s rules say, “No personal abuse will be allowed. Nor will racist or fascist comments be tolerated. Support for the Tory party is not acceptable. A culture of diverse Marxist, Socialist and radical views is the framework for the group.”

The posts in the group appear to indicate that it is a forum for serious ideological discussion, and not a parody forum. A post in the group from Oct. 19 promotes a lecture by a Dublin City University professor about “A Marxist Narrative, From Marx and Engels to COVID-19.”

Older posts include the “ACAB” (All Cops are Bastards) slogan, and celebrate the 2020 Seattle autonomous zone protest as at the center of the battle for socialism.

“Seattle emerged once again as the center of anti-capitalist mobilizations,” one poster wrote. “The protestors occupied 6 blocks, and declared them to be police-free areas. They operate like a ‘soviet’ with many radical anti-police, and anti-capitalist speeches.”

The poster added: “The radicalization of the youth and young workers in Seattle is very important. It shows a way for the protests in the rest of the country. This is one of these times that the masses radicalize very fast, and they are open for revolutionary socialist alternatives to the decaying capitalism.” More here

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Will anyone in the media ask Jen Psaki or ol Joe himself if they support Marxist’s ideology of if they themselves are Marxists?