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Paul Merrell

As Wall Street Sinks Global Markets, China's Economic Policies Build Independence & Imm... - 0 views

  • The recent economic “correction” in the U.S. markets, which saw stocks drop back down from recent record-highs, has begun to spread to the east, reaching the stock exchanges in Tokyo, Taiwan and Shanghai. While all three of these markets depend, to some extent, on the performance of Wall Street, one is likely to emerge stronger as the U.S. market corrects itself. Many Western economic analysts — such as those at the pillar of U.S. financial journalism, Bloomberg — have continued to predict future financial downturns would be caused by Chinese debt, or the country’s massive “shadow” economy (or, more specifically, low level loans that aren’t tightly regulated by the central government). This latest downturn, however, shows once again that Wall Street is still the primary factor in sinking global markets. China has been faced with — and continued to grow throughout — a previous U.S.-triggered global recession just under a decade ago. While the current condition of the markets is nothing like the end of 2008, there is still the same fear in the West that China is somehow on the brink of catastrophe. Yet China pulled through the Great Recession, despite a huge decrease in demand for Chinese export goods. Beijing presided over GDP growth only falling below 8 percent in the last quarter of 2008 and first of 2009 and made a faster recovery than any Western nation.
  • China is obviously in a position much different now from that of 2008. Now — as a clear competitor with the U.S. in key economic sectors such as cutting-edge technology, and playing a unifying role for a large portion of the global population — Beijing is making even more major domestic economic reforms and preparing to project its new prosperity outward. In order to better understand how China is likely not just to survive any fluctuations in the U.S. market but also to thrive, it is best to understand both how China managed to recover from the last recession faster than any other country and the new economic policies of President Xi Jinping, which will harness the power of the world’s largest planned economy in its march into the future.
Paul Merrell

CIA Documents Expose the Failed Torture Methods Used on Guantanamo's Most Famous Detain... - 0 views

  • It is early on in Abu Zubaydah’s time at a CIA black site. He insists to his interrogators that he has no additional information on jihadist operations planned against the US, but his captor won’t stop slapping him. Eventually a hood is placed over Zubaydah's head and he is placed into a confinement box by unseen security officers. He is told this is his new home until he’s prepared to provide information on operations against the US.Several physically stressful hours in the confinement box fail to elicit any intelligence, so Zubaydah’s captors place him in an even smaller box. He makes painful groans and is forced to scoot out of the box on his hindquarters when he’s finally allowed out. He is immediately made to stand and backed up against a wall. Two interrogators begin to double-team him with rapid-fire questions. Zubaydah is told that if he does not cooperate, he will only bring more misery on himself. Again he denies having any additional knowledge, but this time, he isn’t slapped. Instead, Zubaydah is hooded and a water board is brought into the cell.Zubaydah is the first post-9/11 detainee to be waterboarded, and this is his first session. He coughs and vomits. The waterboarding lasts for over two hours, but he still insists he does not have any additional information beyond that which he already provided to the FBI. He is then put into the larger confinement box, where he spends the rest of the evening. The interrogation process resumes in the morning: more slapping, zero new information, and more time in the smaller box.This was a summary of CIA documents obtained by AlterNet’s Grayzone Project. The records were originally obtained by Zubaydah’s defense team through the discovery process and were provided to me by a source familiar with the case who considered their publication critical to the public’s understanding of Zubaydah’s treatment. The vast majority of the documents have not been available to the public prior to this story.
  • As clinically detailed as they are gut-wrenching, the documents comprise hundreds of pages on the interrogation of Zubaydah, perhaps Guantanamo Bay’s most famous detainee. The files revealed here have renewed significance as Zubaydah has decided to testify about conditions at Guantanamo Bay despite the likelihood that it will imperil his legal situation. The records also highlight the methods of psychologist James Mitchell, a top architect of the CIA’s “enhanced interrogation program.” Though Mitchell had previously worked as an Air Force psychologist, the Senate “Torture Report” noted that he had no prior experience as an interrogator. Mitchell’s private contracting company had received over $80 million from the CIA by the time their contract was terminated in 2009. The contract was terminated because, as the CIA Inspector General put it, there was no reason to believe Mitchell’s interrogation techniques were effective or even safe.Mitchell and the US government originally believed Zubaydah to be a top leader of Al Qaeda who had knowledge of imminent plots against the US; however, the government would later concede that Zubaydah was never an Al Qaeda leader but still contend that he poses a threat. According to the US government, Zubaydah "possibly" knew in advance about the bombing of the USS Cole in 2000 and attacks on American embassies in Africa in 1998.After his capture in Pakistan in 2002, Zubaydah was held in CIA black sites for four years where he was subjected to extended torture so intense he lost his left eye. Following his first waterboarding, he was subjected to the same form of torture 82 times. It is unclear the brutal methods applied to Zubaydah’s body elicited any valuable intelligence.
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    In our name, they did this ...
Paul Merrell

176 nations at UN call for Palestinian statehood - Arab-Israeli Conflict - Jerusalem Post - 0 views

  • he General Assembly voted 176-7 on Tuesday to affirm the Palestinian right to self-determination, one day after Palestinian Authority President Mahmoud Abbas pledged to renew his quest for state membership in the international body.The vote is nonbinding and has no impact beyond underscoring international support for Palestinian statehood among most of the UN’s 193 members.
  • The United States, Canada and Israel were among the seven that opposed the text; four states abstained.While the General Assembly approves a similar text each year, PLO Ambassador to the UN Riyad Mansour said this year’s vote had to be seen within the context of international opposition to US President Donald Trump’s declaration that Jerusalem is the capital of Israel.
  • It is one of a number of moves the Palestinians are taking at the UN this week to underscore their claim that Israel and the US are isolated on the world stage when it comes to the Israeli- Palestinian conflict.On Wednesday, the General Assembly will vote on a resolution stipulating the right of the Palestinian people to their natural resources in “occupied territory,” Mansour added. This includes the West Bank and east Jerusalem.But the PLO needs Security Council approval to become a UN member state, which means that the US can block its momentum.The PLO is seeking a way to circumvent the US; to date there are few UN organs that provide an alternative to a Security Council vote.The primary organ for neutralizing the Security Council is the General Assembly’s Uniting for Peace Resolution 377A, approved in 1950 to neutralize the Soviet Union’s power at the Security Council, which at the time was blocking action on Korea.Since then, the General Assembly has held 10 emergency session under Resolution 377A, half of which have been about Israel.The last one was opened in 1997 over Israeli construction in Jerusalem’s Har Homa neighborhood, located over the Green Line. Eighteen General Assembly meetings have been held under that session’s title.The last such emergency session was in 2009, regarding the IDF’s Operation Cast Lead against Hamas in the Gaza Strip.
Paul Merrell

Rail Recession: Carloads Tumble To Thee-Year Lows Amid Manufacturing Implosio... - 1 views

  • As manufacturing plummets to the weakest levels since September 2009 and new export orders collapse, the US railroad industry has jus seen carload volumes tumble to three-year lows, according to a weekly report from the Association of American Railroads (AAR), first reported by Bloomberg on Monday.  AAR's report showed a decline in carloads for 3Q19, down 5.5%, and one of the most significant drops in three years, indicating that the US economy continues to decelerate into year-end. Most of the shipment declines were seen in autos, coal, grain, chemicals, and consumer goods, but there was a small improvement in crude oil shipments.
  • Bloomberg blames the trade war between the US and China for the rail recession.
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