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Paul Merrell

The Alamo II: Texans Up in Arms over TransCanada Land Grab - 0 views

www.informationclearinghouse.info/article32798.htm

keystone pipeline land grab Texas

shared by Paul Merrell on 21 Oct 12 - No Cached
  • Texans are having nightmares of a Niger Delta nature, and while they have always been the friends of Big Oil, TransCanada is changing the rules of the game in a legally-aided land grab that will test just how tough Texans are.
  • The lawsuits against TransCanada are piling up to the dismay of the Keystone XL pipeline project, which has been beleaguered by political, socio-economic, environmental and legal woes at every step from its US origins in Montana to its final destination point in south Texas. No one thought Texas would be part of the problem: Texans love their pipelines. Why the change of heart, then? The simplest answer is that Texans love their pipelines because Big Oil has been paying big bucks for the privilege of running them through Texas farmland, but TransCanada is bullying them out of their fair share. This is how it works: TransCanada makes an unacceptably low offer for the land it needs; the landowner rejects the offer; TransCanada gets the land condemned in court; then it legally acquires the land for a fraction of its original offer. Condemning land is not a new tactic by Big Oil, but while US oil companies have traditionally kept this to a minimum, TransCanada has taken far too much advantage of this legal loophole to get what it wants. According to CNBC.com, the Canadian company has so far condemned over 100 tracts of land out of the 800 tracts it has acquired for the pipeline in Texas.
  • Since Texans are being forced to give up their land for peanuts for the bigger picture “common good”, let’s look at why they aren’t buying it and why they don’t feel any less patriotic for their opinion. (Common good in this case meaning “national interest”)
  • ...2 more annotations...
  • First of all, Texans point out that TransCanada is a foreign company that does not feel obliged necessarily to use American steel for its pipeline construction. According to media reports, a large percentage of the steel used for construction is imported. They also balk at the idea that much of the tar sands oil refined it Texas will be exported via the Gulf of Mexico. If the US is going to export its crude oil that should mean that it is producing more than it needs. In other words, the US must achieve oil independence before it starts exporting oil; otherwise it’s moving away from rather than toward independence. Every good Texan knows this. The US is producing about 6.2 million bpd this year, and consuming twice that. To the Texan mind, foreign-company plus exports does not add up to a reduction of US independence on foreign oil. It only adds up to revenues for TransCanada and Big Oil.
  • What is most interesting is that Texans will end up making Keystone XL a bipartisan issue. Previously, anyone who balked at Keystone XL environmental and socio-economic risks was a tree-hugging hippie. Anyone supporting Keystone XL was a Big Oil “yes man” with no respect for the environment. With Texans now up in arms over Keystone XL thanks to TransCanada, the debate will metamorphose into something more rational. The Texans, in their own unique way, will bring legitimacy to this debate. After all, no one could accuse them of being tree-hugging liberals. Texans want Keystone, they want pipelines, but they won’t stand for being cut out of the “common good” equation. To this end, some landowners are opening the gates to activists to stage protests, and this has so far ended in a handful of arrests.
  • Paul Merrell on 21 Oct 12
     
    Keep your eye on this battle. It sounds like the same conditions that led to the farmer uprising over the Minnesota Powerline Project in the late 70s. < http://en.wikipedia.org/wiki/CU_project_controversy#Organizations_formed_to_fight_the_power_line >.   In that fiasco, farmers occupied tower construction sites, tore down towers, shot out over 10K power line insulators, and sprayed hog manure on the state police using manure spreaders, on and on. And the establishment couldn't get a single criminal conviction because juries simply refused to find accused protesters guilty. A good time was had by all. 'Twas a marvelous rebellion, going well beyond passive resistance to include rampant sabotage. Will Texas farmers and ranchers follow that lead? It sounds like they may be.    
Paul Merrell

The Dark Side of Development: Displacement, Eviction in World Bank Projects and Ethiopi... - 0 views

www.newsecuritybeat.org/...world-bank-projects-ethiopia-2

globalization banksters World-Bank population-displacement

shared by Paul Merrell on 17 May 15 - No Cached
  • With the help of international aid, foreign land grabs in the Gambella region of Ethiopia have resulted in environmental degradation, more severe economic and social inequality, and human rights abuses,&nbsp;according to a new study by the Oakland Institute. We Say The Land Is Not Yours collects testimony from victims of “villagization,” a policy of forced displacement started under the&nbsp;military&nbsp;Derg dictatorship and, according to many, continued to this day under the guise of land investment. The ultimate aim, according to the report, is to resettle up to 1.5 million people. Land cultivated for generations is being degraded by industrialized agriculture in hopes that foreign currency entering the economy will improve infrastructure, create jobs, and “have beneficial trickle-down effects,” the authors say. Communication between the government and locals has been limited to false promises of employment and compensation, according to the report, and victims are silenced out of fear of torture, imprisonment, or death. The Ethiopian government responded to the report, saying the accusations don’t provide sufficient detail to be verified and the “vast majority of Ethiopians have benefitted from the growth and sustainable development program.”
  • A new project from the International Consortium of Investigative Journalists (ICIJ) critically analyzes the World Bank’s safeguards to protect marginalized populations from the negative&nbsp;impacts of its own projects. The result of a year’s worth of research by 50 journalists from 21 countries, the collection of stories claims World Bank-funded projects have displaced an estimated 3.4 million people over the last decade and “financed governments and companies accused of human rights violations such as rape, murder, and torture.” In Ethiopia, ICIJ claims officials siphoned millions of&nbsp;dollars from the bank’s investments in health and education to fund mass eviction campaigns. Citing current and former Bank employees, ICIJ says a new safeguard policy released in 2014 would actually “give governments more room to sidestep the Bank’s standards and make decisions about whether local populations need protecting.” Oxfam’s Land Rights Policy Lead Kate Geary said in a response that these findings are supported by the Bank’s internal audits which reveal they “simply lost track of people who had to be ‘resettled.’” She called for the Bank to provide grant funding to those who have been displaced and negatively impacted, and implement fundamental reforms to live up to its own commitments to protect people.
Paul Merrell

Asia Times Online :: Middle East News, Iraq, Iran current affairs - 2 views

www.atimes.com/...MID-03-090913.html

war & peace Syria Obama Pipelinestan U.S.-credibility

shared by Paul Merrell on 12 Sep 13 - No Cached
Gary Edwards liked it
  • There is nothing tragic about the Obama presidency, capable of drawing the analytical talents of a neo-Plutarch or a neo-Gibbon. This is more like a Pirandello farce, a sort of Character in Search of An Author. Candidates to Author are well documented - from the Israel lobby to the House of Saud, from a select elite of the industrial-military-security complex to, most of all, the rarified banking/financial elite, the real Masters of the Universe. Poor Barack is just a cipher, a &lt;a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&amp;amp;cb=%n' target='_blank'&gt;&lt;img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&amp;amp;cb=%n&amp;amp;n=a9473bc7&amp;amp;ct0=%c' border='0' alt='' &gt;&lt;/a&gt; functionary of empire, whose ''deciding'' repertoire barely extends to what trademark smile to flash at the requisite photo-ops. There's nothing ''tragic'' about the fact that during this week - marking the 12th anniversary of 9/11 - this presidency will be fighting for its bombing ''credibility'' trying to seduce Republican hawks in the US Congress while most of the warmongers du jour happen to be Democrats.
  • Republicans are torn between supporting the president they love to hate and delivering him a stinging rebuke - as much as they are aching to follow the orders of their masters, ranging from the American Israel Public Affairs Committee to military contractors. Once again, this is farce - caused by the fact that a man elected to finish off wars is eager to start yet another one. And once again without a United Nations vote. The White House ''strategy'' in this crucial negotiating week boils down to this; to convince the US Congress that the United States must start a war on Syria to punish an ''evil dictator'' - once again, as bad as Hitler - for gassing children. The evidence? It's ''indisputable''. Well, it's not ''irrefutable''. It's not even ''beyond-a-reasonable-doubt''. As Obama's Chief of Staff Denis McDonough admitted, with a straight face, it boils down to ''a quite strong common sense test, irrespective of the intelligence, that suggests that the regime carried this out''. So if this is really about ''common sense'', the president is obviously not being shown by his close coterie of sycophants this compendium of common sense, compiled by a group of top, extremely credible former US intelligence officials, which debunks all the ''evidence'' as flawed beyond belief. To evoke a farce from 12 years ago, this clearly seems to be a case of ''facts being fixed around the policy''.
  • The Arab street doesn't buy it because they clearly see through the hypocrisy; the desperate rush to ''punish'' the Bashar al-Assad government in Syria while justifying everything the apartheid state of Israel perpetrates in occupied Palestine. The Muslim world doesn't buy it because it clearly sees the demonization only applies to Muslims - from Arafat to bin Laden to Saddam to Gaddafi and now Assad. It would never apply to the military junta in Myanmar, which was clever enough to engineer an ''opening''; the next day Westerners were lining up to kiss the hem of Burmese longyis. It would never apply to the Islam Karimov dictatorship in Uzbekistan because ''we'' always need to seduce him as one of our bastards away from Russia and China. It eventually applies, on and off, to the Kim dynasty in North Korea, but with no consequences - because these are badass Asians who can actually respond to an US attack. Informed public opinion across the developing world does not buy it because they clearly see, examining the historical record, that Washington would never really be bothered with the sorry spectacle of Arabs killing Arabs, or Muslims killing Muslims, non-stop. The 1980-1988 Iran-Iraq war is a prime piece of evidence.
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  • Then there's the ''credibility'' farce. The Obama administration has convoluted the whole world in its own self-spun net, insisting that the responsibility for the ''red line'' recklessly drawn by the president is in fact global. Yet the pesky ''world'' is not buying it.
  • At the Group of 20 summit last week, the BRICS group of emerging powers - Brazil, Russia, India, China and South Africa - as well as Indonesia and Argentina, clearly stressed that a war on Syria without UN Security Council approval would qualify Obama as a war criminal. Even among the European poodles ''support'' for the White House is extremely qualified. Germany's Angela Merkel and even France's attack dog Francois Hollande said the primacy is with the UN. The European Union as a whole wants a political solution. It's enlightening to remember that the EU in Brussels can issue arrest warrants for heads of EU governments guilty of war crimes. Someone in Paris must have warned attack dog Hollande that he would not welcome the prospect of slammer time. ''Evil'' as a political category is something worthy of the brain dead. The key question now revolves around the axis of warmongers - Washington, Israel and the House of Saud. Will the Israel lobby, the more discreet but no less powerful Saudi lobby, and the Return of the Living Dead neo-cons convince the US Congress to fight their war?
  • And then there's the curioser and curioser case of al-Qaeda - essentially the Arabic denomination for a CIA database of US-Pakistani-Saudi trained mujahideen during the 1980s: the oh so convenient transnational bogeyman that ''legitimized'' the Global War On Terror (GWOT) of the George W Bush years; the ''opening'' for al-Qaeda to move to Iraq; and now, no middle men; the CIA and the Obama administration fighting side-by-side with al-Qaeda in Syria. No wonder the denomination ''al-CIAeda'' has gone viral. With farce after farce after farce piling up in their own Tower of Babel, the much-vaunted ''US credibility'' is in itself the biggest farce of all. Politically, no one knows how the vacuum will be filled. It won't be via the UN. It won't be via the BRICS. It won't be via the G-20 - which is seriously divided; at least new multipolar players are carrying way more weight than US poodles. Much would be made to restore ''US credibility'' if the Obama administration had the balls to force both the House of Saud and Qatar (''300 people and a TV station'', in the epic definition of Saudi Arabia's Prince Bandar Sultan - aka Bandar Bush) to end once and for all their weaponizing of hardcore ''rebels'' and ultimately hardcore jihadis, and accept Iran in the negotiating table for a real Geneva II peace process in Syria. It won't happen because this bypasses farce. Once again; helpless Barack is just a paperboy. The plutocrats in charge are getting extremely nervous. The system is melting - and they need to act fast.
  • They need a Syria as docile as the Arab petro-monarchies. They want to hit Russia bad - and then discuss missile defense and Russian influence in Eastern Europe from a position of force. They want to hit Iran bad - and then continue to issue ultimatums from a position of force. They want to facilitate yet another Israeli attempt to capture southern Lebanon (it's the water, stupid). They want a monster gas pipeline from Qatar for European customers bypassing Iran and Syria as well as Gazprom. Most of all, this is all about control of natural resources and channels of distribution. These are real motives - and they have nothing to do with farce. Farce is only deployed to kill any possibility of real diplomacy and real political discussion. Farce is a theatrical mask - as in ''humanitarian'' imperialism - the ''acceptable'' version of the Dick Cheney-run years. It's as if Dick Cheney had never left the building; paperboy Barack is Dick Cheney with a ''human'' face. The only good outcome in this multi-sorrowful tale is that the real ''international community'', all around the world, has seen the naked Emperor in all its (farcical) glory.
  • Paul Merrell on 12 Sep 13
     
    What can I say? The iconoclastic Pepe Escobar strikes again. 
  • Gary Edwards on 12 Sep 13
     
    Outstanding article Paul. Wow! Watching the 911 link now. But here's one for you: Massimo Mazzucco's new 5-hour documentary "September 11- The New Pearl Harbor" summarizes 12 years of public debate on 9-11, looking at the events from all sides. Watch a trailer for the film here: http://goo.gl/M5c0dj Full five hours available here: http://www.luogocomune.net/site/modules/sections/index.php?op=viewarticle&artid=167 I listened to a two hour interview with Massimo last night. Awesome stuff.
  • Paul Merrell on 13 Sep 13
     
    A 5-hour documentary will have to wait for tomorrow. I'm about 7 hours away from a deadline for the current development cycle's Help file. :-) I do think Pepe is a off on a couple of details in this article. The Neocons were mostly silent on this one and Rumsfeld came out against the intervention, saying that Obama hadn't made a valid case for war. That's most likely because the Neocons are joined at the hip with Israeli government and that government is a house divided this time around, with only factions supporting the military strike. The current thinking in Tel Aviv/Jerusalem is, in line with the Israeli right's long term strategy, that it's just fine with them to have Muslims running around killing each other in Syria. That long-term strategy is to destabilize Israel's Arab neighbor states while Israel builds its economic empire and military hegemony in the region. Israeli government isn't exactly thrilled by the prospect of Obama delivering fulfillment of the Saudi goal of transforming Syria from a secular state into a non-secular Islamic state run by Wahabi extremists. Such a state, armed to the teeth by the U.S. and/or the Saudi-Qatari zillionaires could be very bad news for Israel. Notably, the very strongest case thus far that the August 21 chemical attack was conducted by the opposition forces with the U.S. and Syria in on it to create a false flag attack, has been delivered in installments by Yossef Bodansky, an Israeli-American uber-scholar of Islamic "terrorism" and Soviet/Russian weaponry who is incapable of criticising Israel's decades-long terrorism inflicted on the Palestinian people and Israel's continuing unlawful occupation of Palestine plus parts of Jordan, Syria, and Lebanon. Bodanysky sits at the center of an intelligence web of intelligence professionals from nations worried about Islamic "terrorism." In other words, he's extremely pro-Israeli and to boot, very close to Mossad and Israel's IDF intelligence forces. Israel's AIPAC lobby d
Paul Merrell

Stand Firm, John Kerry - Zbigniew Brzezinski and Frank Carlucci and Lee Hamilton and Ca... - 0 views

www.politico.com/...rm-john-kerry-105483_full.html

war & peace Palestine Israel negotiations Brzezinski

shared by Paul Merrell on 11 Apr 14 - No Cached
  • By ZBIGNIEW BRZEZINSKI, FRANK CARLUCCI, LEE HAMILTON, CARLA A. HILLS, THOMAS PICKERING and HENRY SIEGMAN
  • e commend Secretary of State John Kerry’s extraordinary efforts to renew Israeli-Palestinian talks and negotiations for a framework for a peace accord, and the strong support his initiative has received from President Barack Obama. We believe these efforts, and the priority Kerry has assigned to them, have been fully justified. However, we also believe that the necessary confidentiality that Secretary Kerry imposed on the resumed negotiations should not preclude a far more forceful and public expression of certain fundamental U.S. positions: Settlements: U.S. disapproval of continued settlement enlargement in the Occupied Territories by Israel’s government as “illegitimate” and “unhelpful” does not begin to define the destructiveness of this activity. Nor does it dispel the impression that we have come to accept it despite our rhetorical objections. Halting the diplomatic process on a date certain until Israel complies with international law and previous agreements would help to stop this activity and clearly place the onus for the interruption where it belongs.
  • Palestinian incitement: Prime Minister Benjamin Netanyahu’s charge that various Palestinian claims to all of historic Palestine constitute incitement that stands in the way of Israel’s acceptance of Palestinian statehood reflects a double standard. The Likud and many of Israel’s other political parties and their leaders make similar declarations about the legitimacy of Israel’s claims to all of Palestine, designating the West Bank “disputed” rather than occupied territory. Moreover, Israeli governments have acted on those claims by establishing Jewish settlements in East Jerusalem and throughout the West Bank. Surely the “incitement” of Palestinian rhetoric hardly compares to the incitement of Israel’s actual confiscations of Palestinian territory. If the United States is not prepared to say so openly, there is little hope for the success of these talks, which depends far more on the strength of America’s political leverage and its determination to use it than on the good will of the parties.
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  • The Jewishness of the state of Israel: Israel is a Jewish state because its population is overwhelmingly Jewish, Jewish religious and historical holidays are its national holidays, and Hebrew is its national language. But Israeli demands that Palestinians recognize that Israel has been and remains the national homeland of the Jewish people is intended to require the Palestinians to affirm the legitimacy of Israel’s replacement of Palestine’s Arab population with its own. It also raises Arab fears of continuing differential treatment of Israel’s Arab citizens. Israelis are right to demand that Palestinians recognize the fact of the state of Israel and its legitimacy, which Palestinians in fact did in 1988 and again in 1993. They do not have the right to demand that Palestinians abandon their own national narrative, and the United States should not be party to such a demand. That said, Palestinian recognition of Israel as a Jewish state, provided it grants full and equal rights to its non-Jewish citizens, would not negate the Palestinian national narrative.
  • Israeli security:&nbsp;The United States has allowed the impression that it supports a version of Israel’s security that entails Israeli control of all of Palestine’s borders and part of its territory, including the Jordan Valley. Many former heads of Israel’s top intelligence agencies, surely among the best informed in the country about the country’s security needs, have rejected this version of Israel’s security. Meir Dagan, a former head of the Mossad, dismissed it as “nothing more than manipulation.” Israel’s confiscation of what international law has clearly established as others’ territory diminishes its security. Illegal West Bank land grabs only add to the Palestinian and the larger Arab sense of injustice that Israel’s half-century-long occupation has already generated, and fuels a revanchismthat sooner or later will trigger renewed violence. No Palestinian leader could or would ever agree to a peace accord that entails turning over the Jordan Valley to Israeli control, either permanently or for an extended period of time, thus precluding a peace accord that would end Israel’s occupation. The marginal improvement in Israel’s security provided by these expansive Israeli demands can hardly justify the permanent subjugation and disenfranchisement of a people to which Israel refuses to grant citizenship in the Jewish state.
  • The terms for a peace accord&nbsp;advanced by Netanyahu’s government, whether regarding territory, borders, security, resources, refugees or the location of the Palestinian state’s capital, require compromises of Palestinian territory and sovereignty on the Palestinian side of the June 6, 1967, line. They do not reflect any Israeli compromises, much less the “painful compromises” Netanyahu promised in his May 2011 speech before a joint meeting of Congress. Every one of them is on the Palestinian side of that line. Although Palestinians have conceded fully half of the territory assigned to them in the U.N.’s Partition Plan of 1947, a move Israel’s president, Shimon Peres, has hailed as unprecedented, they are not demanding a single square foot of Israeli territory beyond the June 6, 1967, line. Netanyahu’s unrelenting efforts to establish equivalence between Israeli and Palestinian demands, insisting that the parties split the difference and that Israel be granted much of its expansive territorial agenda beyond the 78 percent of Palestine it already possesses, are politically and morally unacceptable. The United States should not be party to such efforts, not in Crimea nor in the Palestinian territories. We do not know what progress the parties made in the current talks prior to their latest interruption, this time over the issue of the release of Palestinian prisoners. We are nevertheless convinced that no matter how far apart the parties may still be, clarity on America’s part regarding the critical moral and political issues in dispute will have a far better chance of bringing the peace talks to a successful conclusion than continued ambiguity or silence.
  • The co-authors, senior advisers to the U.S./Middle East Project, are, respectively, former national security adviser, former U.S. secretary of defense; former chair of the House Foreign Affairs Committee; former U.S. trade representative; former under secretary of state for political affairs, and president, U.S./Middle East Project.
  • Paul Merrell on 11 Apr 14
     
    Brzezinski and other high former foreign relations officials publicly criticizing the Israeli position and calling for a hardened U.S. position that Israel must halt enlargement of settlements in East Jerusalem and the West Bank before negotiations will resume to "clearly place the onus for the interruption where it belongs," whew! Times are definitely changing. 
Paul Merrell

Tomgram: Laura Gottesdiener, Security vs. Securities | TomDispatch - 0 views

www.tomdispatch.com/...ner%2C_security_vs._securities

banksters housing-market foreclosures equity-firms Blackstone Progress-Residential

shared by Paul Merrell on 23 Jun 14 - No Cached
  • I live in Washington, D.C.'s Capitol Hill neighborhood. I can more or less roll out of bed into the House of Representatives or the Senate; the majestic Library of Congress doubles as my local branch. (If you visit, spend a sunset on the steps of the library's Jefferson Building. Trust me.) You can't miss my place, three stories of brick painted Big Bird yellow. It's a charming little corner of the city. Each fall, the trees outside my window shake their leaves and carpet the street in gold. Nora Ephron, if she were alive, might've shot a scene for her latest movie in one of the lush green parks that bookend my block. The neighborhood wasn't always so nice. A few years back, during a reporting trip to China, I met an American consultant who had known Capitol Hill in a darker era. "I was driving up the street one time," he told me, "and walking in the opposite direction was this huge guy carrying an assault rifle. Broad daylight, no one even noticed. That's what kind of neighborhood it was." Nowadays, row houses around me sell for $1 million or more. I rent.
  • Washington's a fun place to live if you're young and employed. But as a recent Washington Post story pointed out, the nation's capital is slowly pricing out even its yuppies who, in their late-twenties and early-thirties, want to start families but can't afford it. "I hate to say it, but the facts show that the D.C. market is for people who are single and relatively affluent," a real estate researcher told the Post. The District's housing boom just won't stop; off go those new and expecting parents to the suburbs. And we're talking about the lucky ones. Elsewhere in the country, vulnerability in the housing market isn't a trend story; it's the norm. The Cedillo family, as Laura Gottesdiener writes today, went looking for their version of the American housing dream and thought they found it in Chandler, Arizona. They didn't know that the house they chose to rent rested on a shaky foundation -- not physically but financially. It had been one of thousands snapped up and rented out by massive investment firms making a killing in the wake of the housing collapse. As Gottesdiener -- who has put the new rental empires of private equity firms on the map for TomDispatch -- shows, the goal of such companies is to squeeze every dime of profit from their properties, from homes like the Cedillos', and that can lead to tragedy.
  • Drowning in Profits A Private Equity Firm, a Missing Pool Fence, and the Price of a Child’s Death By Laura Gottesdiener
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  • Security is a slippery idea these days -- especially when it comes to homes and neighborhoods. Perhaps the most controversial development in America’s housing “recovery” is the role played by large private equity firms. In recent years, they have bought up more than 200,000 mostly foreclosed houses nationwide and turned them into rental empires. In the finance and real estate worlds, this development has won praise for helping to raise home values and creating a new financial product known as a “rental-backed security.” Many economists and housing advocates, however, have blasted this new model as a way for Wall Street to capitalize on an economic crisis by essentially pushing families out of their homes, then turning around and renting those houses back to them. Caught in the crosshairs are tens of thousands of families now living in these private equity-owned homes.
  • The same month that the family rented the house at 1471 West Camino Court, Progress Residential purchased more homes in Maricopa Country than any other institutional buyer. Nationally, Blackstone, a private equity giant, has been the leading purchaser of single-family homes, spending upwards of $8 billion between 2012 and 2014 to purchase 43,000 homes in about a dozen cities. However, in May 2013, according to Michael Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business at Arizona State University, Progress Residential bought nearly 200 houses, surpassing Blackstone's buying rate that month in the Phoenix area. The condition and code compliance of these houses varies and is rarely known at the time of the purchase. Mike Anderson, who works for a bidding service contracted by Progress Residential and other private equity giants to buy houses at auctions, was sometimes asked to go out and look at the homes. But with the staggering buying rate -- up to 15 houses a day at the peak -- he couldn’t keep up. “There’d be too many, you couldn’t go out and look at them,” he said. “It’s just a gamble. You never know what you’ve got into.”
  • Global private equity firms have not been, historically, in the business of dealing with pool fences and the other hassles of maintaining single-family houses. But following the housing market collapse, the idea of buying a ton of these foreclosed properties suddenly made sense, at least to investors. Such private-equity purchases were to make money in three ways: buying cheap and waiting for the houses to gain value as the market bounced back; renting them out and collecting monthly rental payments; and promoting a financial product known as “rental-backed securities,” similar to the infamous mortgage-backed securities that triggered the housing meltdown of 2007-2008. Even though the buying of the private equity firms has finally slowed, economists (including those at the Federal Reserve) have expressed concern about the possibility that someday those rental-backed securities could even destabilize -- translation: crash -- the broader market.
  • ince Wall Street was overwhelmingly responsible for the original collapse of the housing market, many have characterized these new purchases as a land grab. In many ways, Progress CEO Donald Mullen is the poster-child for this argument. An investment banker who enjoyed a brief flurry of fame after losing a bidding war to Alec Baldwin at an art auction, he was the leader of a team at Goldman Sachs that orchestrated an infamous bet against the housing market. Known as “the big short,” it allowed that company to make “some serious money“ when the economy melted down, according to Mullen’s own emails. (They were released by the Senate Permanent Subcommittee on Investigations in 2010.) As Kevin Roose of New York magazine has written, “A guy whose most famous trade was a successful bet on the full-scale implosion of the housing market is now swooping in to pick up the pieces on the other end.”
Paul Merrell

Lethal Israeli - Palestinian Conflict Escalates | nsnbc international - 0 views

nsnbc.me/...palestinian-conflict-escalates

war & peace Israel Palestine Gaza escalating-violence

shared by Paul Merrell on 12 Oct 15 - No Cached
  • Conflict between Israel and Palestine escalates as youth throughout Palestine vent their frustrations over decades of illegal occupation and an escalation of Israeli oppression and violence. The renewed round of violence takes its toll on both Israelis and Palestinians. &nbsp;
  • Violent clashes between Israeli occupation forces, settlers and Palestinians have escalated throughout Palestine since the beginning of the intensified Israeli crackdown against Palestinians at the Al-Aqsa mosque in Jerusalem, last month. On Sunday Israeli troops carried out a raid against the International Middle East Media Center (IMEMC). The center disseminates a lot of regional and local news coverage that otherwise only is available in Arab to English-speaking listeners and readers. The raid was carried out Sunday morning at 4.00 o’clock. Over the weekend a rocket was fired into Israeli territory from the Gaza Strip. The rocket landed without causing damage. Sunday at dawn Israel responded by launching air strikes against targets in the Gaza Strip. Israeli military and government sources say that the strikes aimed at targeting militants.
  • One of these air strikes struck a family home in the Zeitoun neighborhood of Gaza City. The air raid killed a five months pregnant Palestinian mother along with her two-year-old child while several other family members were injured. The husband of the deceased 30-year-old Nour Rasmi Hassan told that a “knock on the roof rocket” woke the family from their sleep but that they were confused, shocked and that there was no time to respond and flee their home before the house was struck. Frustrated Palestinian youth are confronting Palestinian police and military in occupied East Jerusalem and other occupied Palestinian territories. Clashes in the interim Palestinian capital Ramallah turned deadly on Sunday evening when a 13-year-old boy succumbed to the his injuries. The 13-year-old Ahmad had been struck in the head by a rubber-coated steel bullet fired by Israeli occupation forces earlier that day. The fatal shooting occurred close to the Beit El settlement northeast of al-Biereh.
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  • Last week Israeli undercover agents infiltrated Palestinian protesters near Beit El, grabbing some, beating, kicking and injuring them severely. Meanwhile, some frustrated Palestinian youth have carried out knife attacks against Israeli settlers and citizens, venting their frustrations. Knife attacks began after the willful fatal shooting of an unarmed Palestinian youth by Israeli officers. A video captured the fatal shooting and the cheering words “kill him, kill him” before the fatal shots were fired. Several analysts noted that the latest round of violence has the potential to escalate into a full-scale Palestinian uprising. The Israeli crackdown against Palestinians has further soured Egyptian – Israeli relations. Last week the spokesman for the Egyptian Foreign Ministry,&nbsp;Ahmed Abu Zeid said that&nbsp;Israel as the occupying power must&nbsp;provide Palestinian people the required protection and stop repeating its attacks that lead to more political congestion among the Palestinians and weaken the opportunities of reviving the installed peace talks between Palestinians and Israel,.
  • Notably, Palestinian Authority President Mahmoud Abbas noted at his address at the 70th Session of the UN General Assembly that the PLO may no longer feel obliged to adhere to the Oslo Accords. Mahmoud Abbas stressed that Palestine could not continue to adhere to the accords as Israel continues to violate them. Several of the progressive PLO member factions, including the PFLP and DFLP have called for a renewed uprising. Both factions have repeatedly demanded that the Al-Fatah led Palestinian Authority immediately ends its so-called security cooperation with Israeli police, military, intelligence services and government. The Israeli Cabinet of Prime Minister Benjamin Netanyahu, for its part, has promised a strict response to any “insurrection”. Over 150 Palestinians have been seriously injured over the course of the last week.
Paul Merrell

Netanyahu denies backing away from two-state solution - Al Jazeera English - 0 views

www.aljazeera.com/...-solution-150308213734653.html

war & peace Israel election-2015 Netanyahu 2-state-solution

shared by Paul Merrell on 11 Mar 15 - No Cached
  • Israeli Prime Minister Benjamin Netanyahu has denied reports that he had backed away from support for a two-state solution that he expressed in a 2009 speech.&nbsp; A statement from Netanyahu's right-wing Likud party on Sunday stated that the prime minister had said that "in the present situation in the Middle East, any vacated territory will be immediately overtaken by radical Islam and terrorist organisations sponsored by Iran.&nbsp; "For this reason, there will be no withdrawals and no concessions, this is simply irrelevant.” But responding to media reports based on the statement, Netanyahu's office later said the prime minister had "never said such a thing".
  • The Likud statement also said Netanyahu called his "Bar Ilan" speech in 2009, which supported the possibility of a demilitarised Palestinian state, "irrelevant". That comment was also denied by his office, which said he has long adhered to a policy that "under current conditions in the Middle East any land that is handed over would be grabbed by Islamist extremists".&nbsp; The original Likud party statement garnered a strong rebuke from&nbsp;chief Palestinian negotiator Saeb Erekat.
Paul Merrell

MEDIA FAIL: Is the West's Coverage of Ukraine a Failure of Nuclear Proportions? - WhoWh... - 0 views

whowhatwhy.org/...failure-of-nuclear-proportions

war & peace war-propaganda Ukraine MSM

shared by Paul Merrell on 18 Mar 15 - No Cached
  • Last July, The New York Times declared, “The Ukrainian conflict has gone on far too long, and it has become far too dangerous. There is one man who can stop it — President Vladimir Putin of Russia.” In the intervening months, the media’s assessment of Putin has only grown harsher, with his actions in Ukraine being seen as a possible prelude to a full-scale Russian invasion, along the lines of his 2008 takeover of two provinces in the nation of Georgia. But this analysis is dangerously unbalanced.
  • While Putin has made many missteps in the Ukrainian crisis–and many in Georgia in 2008–the West is far from blameless. If, as the Times asserts, it’s all Putin’s fault, then the U.S. and its allies have few options beyond waiting for him to have a sudden change of heart. But if the West can acknowledge its own mistakes and start to rectify them, that might point the way to resolving the current conflict before it escalates further, even possibly to nuclear threats. In considering options, let’s first look at the perception that Ukraine is a repeat of Putin’s land-grab in Georgia. That in turn has been compared to Hitler’s dismemberment of Czechoslovakia 70 years earlier. This analogy, with its hot-button allusion to the West’s appeasement of Nazi Germany at Munich in 1938, was promoted by, among others, former Secretary of State Hillary Clinton. But in fact, it was one-sided coverage in the mainstream Western media that created the false impression that Putin alone was responsible for the 2008 Russian-Georgian War. Disregarded in this coverage was a finding by European Union investigators that Georgia, backed by the West, had in fact fired the first shots. The EU ultimately found blame on both sides.
  • In Ukraine, Putin has justified his cross-border interventions as required to protect ethnic Russians from threats by hostile neighbors. His stated concerns may be self-serving, but not necessarily as misplaced as Western governments and media make out. Key precipitating events are left out of the narrative. For example, Western media barely covered a May 2, 2014, fire in the Black Sea port city of Odessa, where dozens of pro-Russian separatists were burned alive after they barricaded themselves in a government building to escape a violent Ukrainian mob. Ukrainian nationalists surrounded the building, sang the Ukrainian national anthem, and chanted the equivalent of “Burn, Russians, burn!” while the building went up in flames. An even more egregious failure of American mainstream media coverage in Ukraine came during the February 2014 anti-government demonstrations in Ukraine’s capital of Kiev. When sniper fire killed nearly 100 Ukrainians, Western media repeatedly stated as fact that the shots came from the forces of then-Ukrainian President Viktor Yanukovych, who had tilted toward Russia. Outrage over the deaths fueled calls for Yanukovych’s head, and on February 21 he fled the capital, eventually ending up in southern Russia, where he remains in exile.
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  • But virtually ignored by the American mainstream media was a bombshell allegation by Estonian Foreign Minister Urmas Paet. On Feb. 26, 2014, Paet—no friend of Russia’s—said in an intercepted and later authenticated phone call: “There is now stronger and stronger understanding that behind [the] snipers, it was not Yanukovych, but it was somebody from the new coalition.” What Paet called “the new coalition” is essentially the West-leaning Ukrainian government that succeeded Yanukovych. (Please see the full transcript of the conversation here, the most relevant 48 seconds here, and audio of the entire conversation here.) Getting It Right In such conflicts, the truth is one of the first casualties.
  • For an American media outlet willing to tackle this issue, one has to turn to The National Interest, a specialized journal on international relations. Although its parent, The Center for the National Interest, was originally called The Nixon Center—hardly a left-wing group—it recently published “Ukraine Exposed: Kiev’s Authoritarianism” by James Carden, who served as an advisor to the U.S.-Russia Bilateral Presidential Commission at the State Department from 2011 to 2012. Questioning U.S. policy in Ukraine, Carden wrote: From the very start of the Ukraine crisis, Washington’s neoconservative lobby has sought to downplay the less appealing aspects of the government that came to power in Kiev in February. … But examples of the new authoritarianism gripping Kiev have become tougher to miss in recent months … Carden goes on to highlight a case in point. In&nbsp;October, Poroshenko signed a decree establishing&nbsp;October 14 as an official “Day&nbsp;of Ukrainian&nbsp;Defenders” to commemorate the founding of the Ukrainian&nbsp;Insurrectionist Army, known as the UPA, during World War II. Carden then notes:
  • As the historian Halik Kochanski has noted, the UPA worked hand in hand with Poland’s Nazi occupiers, killing, to take but one example, nearly 10,000 Poles over the night of July 11-12, 1943. “A feature of the UPA action,” according to Kochanski, “was its sheer barbarity. They were not content merely to shoot their victims but often tortured them first or desecrated their bodies afterwards.” … Don’t let anyone tell you Russia has a monopoly on “disinformation.” Thus, in its zeal to legitimize Poroshenko’s&nbsp;anti-Russian government in Kiev, the&nbsp;mainstream American media managed to ignore his commemoration of former Ukrainian atrocities. Under the Nuclear Cloud
  • The Risks of Ignorance
Paul Merrell

Out of Gas: Turkey is Losing Its Battle with Russia | Observer - 0 views

observer.com/...-losing-its-battle-with-russia

war & peace Turkey Russia fighters retaliation

shared by Paul Merrell on 12 Dec 15 - No Cached
  • Turkey has told the Reuters news agency that Russia has stopped work on its&nbsp;nuclear power plants.&nbsp; In reality, the Turks are exaggerating.&nbsp; The Russians haven’t really stopped—they have really only slowed down. It is another piece in the intensifying conflict that has enveloped Russia and Turkey over the downing of a Russian AU-24 slow moving bomber by a Turkish F-16 fighter jet. The nuclear deal began in 2013. The Turks promised to pay $20 billion and the Russian nuclear company Rosatom promised to build four 1,200 megawatt nuclear electrical power plants in Turkey. The first plant was scheduled to be opened in 2019, but from the very outset things have not run on schedule.&nbsp; One reason is that the project confronted international regulatory problems.
  • The Russians have done this before—only with Iran.&nbsp; They slowed down on the original proposal, Iran took the Russians to the World Court, and sued them. They wanted their nuclear plants.
  • Now, because of their experience with Iran, Russia realizes that stopping entirely would prove&nbsp;costly. Huge disincentives and penalties are built into the contract.&nbsp; And Turkey has already started shopping around for someone else to finish the nuclear job. Good luck. Here is the crux of the problem and why Turkey can never win in this conflict with Russia. Turkey is almost totally dependent on imported energy. They have been counting on these nuclear plants and should be conducting back-door diplomatic negotiations to resurrect the deal , but they do not appear to be doing that. Tensions between the Turks and Russians do not seem to be dissipating. So much so that Russia has also stopped importing Turkish fruits and vegetables. The reason they give is poor Turkish sanitation and hygiene, but the real reason is because the jet shot down the bomber. This isn’t &nbsp;just a case of no more Turkish pistachio nuts or dates. Turkish fruits and vegetables account for 20&nbsp;percentof Russia’s total fruit and vegetable consumption. This is a huge loss for the Turkish economy. &nbsp;A $4 billion annual loss in fruit and vegetable revenue. Russia has said they will easily make up the loss by importing more from Iran and Israel.
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  • Turkey cannot get that much gas replaced.&nbsp; They are in public conflict not only with Russia but also with alternative suppliers.&nbsp; They sided with the Muslim Brotherhood so Egypt will not supply them.&nbsp; They have been very aggressively critical of Saudi Arabia so they will not supply them.&nbsp; There is always Israel and Israel could, potentially, help supply Turkey’s natural gas needs—but Turkey, a former ally of the Jewish state, has been openly hostile to Israel. The Russian minister of agriculture has said, “Allah has already decided to punish Turkey’s ruling clique, depriving them of mind and reason.” For their part, Turkey is counting on the help of the EU and the general disdain almost everyone has for Putin and his style of leadership especially in the aftermath of Russia’s land grab on Crimea and their invasion of Ukraine. But Turkey is misreading the situation.&nbsp; Just because the world criticizes Putin and Russia it does not translate into action.
  • Russia has also cancelled the junkets and all expense included holiday vacation trips that Russians make&nbsp; every year to Turkey.&nbsp; The numbers tell the complete story. Last year 3.3 million Russians vacationed in Turkey.&nbsp; That was 10&nbsp;percent&nbsp;of all the tourists that visited Turkey. For Russia, however pleasant they were, these vacations are not essential and they will find someplace else to fill their vacation needs.&nbsp; Turkey, however, will not find 3.3 million other tourists. Russia wants to punish Turkey.&nbsp; That should be clear.&nbsp; And Vladimir Putin definitely has the ability to make things difficult for Turkey.&nbsp; The balance of trade is pretty clear. Russia purchases $30 billion in goods from Turkey per year. All of those services are easily replaced elsewhere. But Turkey relies on Russia for $20 billion of natural gas every year.&nbsp; If that flow is even slightly altered, even for a single day—Turkey will grind to a halt. &nbsp;That natural gas engines Turkey’s electric grid. Gas is next. Russia will start pulling it.&nbsp; They have already cancelled work on the underwater gas pipeline which, together with the nuclear electric plants, would eventually make Turkey more energy independent.
  • This is the case even in the Middle East. Russia marched&nbsp;into Syria, set up a huge air-force base, and established a significant presence.&nbsp; The West warned the Russians not to put boots on the ground. &nbsp;Russia went in anyway and their actions were met with only a few tepid condemnations.&nbsp; When the Turkish F-16 jet shot down the SU-24 Russia bomber, that’s when international voices were raised— and they were raised to urge calm and deescalate tensions, not to blame Russia. Turkey thinks that because there are UN sanctions against Russia there is a way to leverage that power and squeeze Russia.&nbsp; If the world stood by when Russian military pranced into Ukraine and Crimea how can Turkey expect them to act now? Russia will get away with everything.&nbsp; And despite pressure that Turkey is trying to apply—the real pressure will be placed by Russia on Turkey.&nbsp; No one is willing to step forward and help Turkey.&nbsp; If this continues, Russia will destroy them.
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