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In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies. Christine Lagarde–a Paris native who has held her position at the IMF since 2011–says the only substantial problems with existing cryptocurrency are fixable over time. In the long run, the technology itself can replace national monies, conventional financial intermediation, and even “puts a question mark on the fractional banking model we know today.”

Senate Republicans are reportedly banking on the testimony of a "secret informant" to deepen their investigation into Hillary Clinton's role in the 2010 sale of uranium assets to Russia, Reuters reported Thursday. The GOP's source — a former FBI informant and lobbyist for the U.S.-based unit of Rosatom, a Russian-owned nuclear power company — will appear before the upper chamber as part of the probe into the so-called Uranium One deal. Although the Senate committee did not reveal the witness' name, former lobbyist William D. Campbell identified himself to Reuters. "I have worked with the Justice Department undercover for several years, and documentation relating to Uranium One and political influence does exist and I have it," Campbell said. Campbell was once a "star witness" in an FBI case against a Rosatom, until his credibility and motivations as an informant were called into question by defense attorneys. President Trump has repeatedly claimed that Uranium One's sale was approved by Clinton's State Department in exchange for donations to the Clinton Foundation, and deal skeptics point to the fact that the Clinton Foundation received $145 million in donations from owners of Uranium One. In a statement to Reuters, Rosatom noted that the State Department is only one of nine government agencies that had to approve the sale.

Russia’s upper house of parliament on Wednesday approved a bill which will allow the authorities to list foreign media operating in Russia as “foreign agents”, responding to U.S. restrictions on two Russian media outlets, RIA news agency reported. Last week the “foreign agents law” was swiftly approved by the lower chamber of the legislature. It now needs President Vladimir Putin’s signature to become law. The move by the compliant parliament heavily dominated by Putin’s loyalists comes after his threat this month that Russia would respond in kind to what he said were Washington’s measures to restrict the freedom of speech of Russian media organisations operating on U.S. soil.

Abstract Numerous polls demonstrate that U.S. public approval of President Harry Truman's decision to drop the atomic bombs on Hiroshima and Nagasaki has declined significantly since 1945. Many scholars and political figures argue that this decline constitutes compelling evidence of the emergence of a “nuclear taboo” or that the principle of noncombatant immunity has become a deeply held norm. An original survey experiment, recreating the situation that the United States faced in 1945 using a hypothetical U.S. war with Iran today, provides little support for the nuclear taboo thesis. In addition, it suggests that the U.S. public's support for the principle of noncombatant immunity is shallow and easily overcome by the pressures of war. When considering the use of nuclear weapons, the majority of Americans prioritize protecting U.S. troops and achieving American war aims, even when doing so would result in the deliberate killing of millions of foreign noncombatants. A number of individual-level traits—Republican Party identification, older age, and approval of the death penalty for convicted murderers—significantly increase support for using nuclear weapons against Iran. Women are no less willing (and, in some scenarios, more willing) than men to support nuclear weapons use. These findings highlight the limited extent to which the U.S. public has accepted the principles of just war doctrine and suggest that public opinion is unlikely to be a serious constraint on any president contemplating the use of nuclear weapons in the crucible of war. © 2017 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

An ex-spy chief who spoke out publicly against Trump while inspiring other career intelligence figures to follow suit has admitted his leading role in the intelligence community waging political war against the president, describing his actions as something he didn't "fully think through". In a surprisingly frank interview, the CIA's Michael Morell - who was longtime Deputy Director and former Acting Director of the nation's most powerful intelligence agency - said that it wasn't a great idea to leak against and bash a new president. Morell had the dubious distinction of being George W. Bush's personal daily briefer for the agency before and after 9/11, and also served under Obama until his retirement. In the summer of 2016 he took the unusual step (for a former intelligence chief) of openly endorsing Hillary Clinton in a New York Times op-ed entitled, I Ran the C.I.A. Now I'm Endorsing Hillary Clinton, after which he continued to be both an outspoken critic of Trump and an early CIA voice promoting the Russian collusion and election meddling narrative.

Malaysian Defense Minister Datuk Seri Hishammuddin Tun Hussein said the country's armed forces are ready to play a role following U.S. President Donald Trump's official recognition of Jerusalem as Israel's capital. The statement came a day after protesters gathered in front of the American embassy in the capital, Kuala Lumpur. "Armed Forces chief (General Tan Sri Raja Mohamed Affandi Raja Mohamed Noor) and the MAF are definitely ready," said Hishammuddin.

More than 100 countries defied President Donald Trump on Thursday and voted in favour of a United Nations General Assembly resolution calling for the United States to withdraw its decision to recognise Jerusalem as Israel's capital.The motion was adopted with a decisive vote of 128 to nine, with 35 abstentions.President Donald Trump had warned ahead of the vote in the 193-nation assembly that "we're watching" and threatened reprisals against countries backing the measure, which reaffirms that the status of Jerusalem must be resolved through negotiations.

Seven countries - Guatemala, Honduras, Togo, Micronesia, Nauru, Palau and the Marshall Islands - joined Israel and the United States in opposing the measure.

The government of Pakistan is considering a proposal to start using the Chinese yuan in trade with China, according to the Interior Minister Ahsan Iqbal, as quoted by Pakistan’s English-language daily Dawn. “We are examining the use of yuan instead of the US dollar for trade between the two countries,” the minister told the media after the official launch of the Long Term Plan (LTP) for the China-Pakistan Economic Corridor (CPEC).

ilateral trade between Pakistan and China was worth $13.8 billion in 2015 to 2016, a decade after the countries signed a free trade agreement. Pakistan will continue to use the rupee domestically, according to Iqbal.The LTP includes cooperation between the countries in energy, information network infrastructure, road and rail connections, trade and industrial parks, tourism, agriculture, and poverty alleviation. The plan will be implemented in three phases, the first ending in 2020, followed by another in 2025, with completion in 2030.

Under the plan, the countries intend to develop multi-level cooperation and strengthen policy coordination, as well as establish and improve the cross-border credit system and financial services. Karachi and Beijing are also planning to enhance currency swap arrangements and create a bilateral payment and settlement system.

The US Pentagon has inked plans to the White House to fight in Somalia for two more years, the New York Times reported yesterday.

According to the blueprint, the US will conduct an internal review on Somalia within 24 months to decide whether to continue fighting in the country. The news comes off the back of an escalation in counter-terrorism drone strikes in Somalia under President Donald Trump.

rump has already provided the US military and CIA broader authority to execute strikes in Somalia, considering it an “area of active hostilities”. As a result, 30 airstrikes have been executed in Somalia, with the most recent killing some 100 Somalis. Controversial raids have also taken place under Trump, with the most notable taking place in August, killing 10 civilians in southern Somalia as they ran and took cover behind banana trees. A US investigation concluded that no civilians were killed in the raid, despite human rights groups disputing the claim.

BEIRUT, LEBANON (3:42 P.M.) – Moments ago, reports came in that Russian Ground Forces troops entered the Koneko Gas Field and its attached company headquarters area in eastern Deir Ezzor province at the invitation of Kurdish-led forces. The information, disseminated by Syrian military reports, claims that an agreement has been brokered between Russia and the US-backed Syrian Democratic Forces whereby the Syrian government will be allowed to assume control over the gas field. If true, then the scope of any backdoor agreements reached between Moscow and Washington regarding the transfer of energy assets held by Kurdish-led militias back to the rightful ownership of the Damascus government may yet encompass wider dimensions (i.e. future transfers) – although there is absolutely no evidence to suggest this is in fact the case.

Nonetheless, the unexpected transfer of the Koneko Gas Field by the SDF to the Syrian government does now raise questions as to whether or not the hitherto competition between the Syrian Arab Army and Kurdish-led militias to seize control of the much larger Al-Omar Oil Field from ISIS further south is still on.

The United Socialist Party of Venezuela won at least 17 of the 23 governorships, also garnering 54 percent of the vote. U.S. Ambassador to the United Nations, Nikki Haley, cast doubt on the results of Venezuela's Regional Elections where candidates from the governing Socialist Party won a vast majority of seats, claiming the vote was not "free and fair." 

The United Socialist Party of Venezuela, or PSUV won at least 17 of the 23 governorships, also garnering 54 percent of the vote. The PSUV candidate for Bolivar state, where no official results have been declared yet, also claimed victory. Turnout was 61.14 percent in Sunday's polls, with ballots cast at 13,559 polling stations nationwide. Venezuelan President Nicolas Maduro said it was the highest turnout in 15 years - more than 10 million people voted.

Prior to the vote, the U.S. State Department issued a statement questioning the "fairness of the electoral process" in Venezuela, and expressing "great concern that the regime will not permit the presence of independent international electoral observers." Over 1,300 national and international observers, including opposition appointed auditors, were on hand for the Oct. 15 vote. An audit of the vote will also be held, election officials confirmed Monday. The U.S.-backed opposition meanwhile, has stated they would not recognize the results that have been reported by the head of the National Electoral Council (CNE), Tibisay Lucena. "We do not recognize the results offered by Tibisay Lucena," said opposition coalition MUD campaign chief Gerardo Blyde. Blyde said the results are not reflective of those being tracked by his party. He also accused the electorate of misrepresenting the location of the polling stations in a bid to confuse voters.

According to Russia’s Defense Ministry, the US State Department has finally admitted that the infamous Al Nusra Front, which controls Syria’s Idlib Governorate through the umbrella terrorist group HTS and is still thought to be a front for al-Qaeda, “not only has, but uses chemical weapons against civilians.” “The Hayat Tahrir al-Sham terrorist group (HTS), linked to Jabhat al-Nusra, which uses ‘small and heavy arms, improvised explosive devices, and chemical weapons’, operates in that province [Idlib]. This is the first official recognition by the [US] State Department not simply of the presence, but, I emphasize, the use of chemical weapons by Jabhat al-Nusra terrorists in that part of Syria to commit terrorist attacks, about which we repeatedly warned,” Russian Defense Ministry spokesman Maj. Gen. Konashenkov said. Igor Konashenkov also recalled that in Idlib province, “only one case of the use of chemical weapons is known — in Khan-Sheikhun.”

“However, the US accused government troops of [conducting] this chemical attack. And those who [actually] organized it, they called a “moderate opposition,” Konashenkov said.

Russia’s President Vladimir Putin assured the Syrian counterpart Bashar Assad that Russia will continue assisting Syria in protection of the country’s sovereignty, unity and territory integrity, the Kremlin said. "In his message of greetings to the President of the Syrian Arab Republic Bashar al-Assad, the President of Russia expressed hope that in 2018 the situation in Syria would continue changing for the better," the Kremlin said. "Mr Putin noted that defeating terrorists and rapidly bringing the situation in the Syrian Arab Republic back to normal would be in the best interests of the whole world and would improve security in the Middle East." "In addition, Mr Putin confirmed Russia’s commitment to assisting the Syrian Arab Republic in upholding its state sovereignty, unity and territorial integrity, and promoting a political settlement and economic recovery," the Kremlin added.

Americans today are more closely divided than they were earlier in the last century when asked whether some form of socialism would be a good or bad thing for the country. While 51% of U.S. adults say socialism would be a bad thing for the country, 43% believe it would be a good thing. Those results contrast with a 1942 Roper/Fortune survey that found 40% describing socialism as a bad thing, 25% a good thing and 34% not having an opinion.

Venezuela is abandoning the US dollar, with all future transactions on the Venezuelan exchange market to be made in euro, Tareck El Aissami, the country's Vice President for Economy, announced. The sanctions, recently introduced by Washington against Caracas, “block the possibility of continuing to trade using the US dollar on the Venezuelan exchange market," El Aissami said, adding that the American restrictions were “illegal and against international law.” 

The American “financial blockade” of Venezuela affects both the country’s public and private sectors, including pharmacy and agriculture, and shows “just how far the imperialism can go in its madness,” the vice president said.Venezuela’s floating exchange rate system, Dicom, “will be operating in euro, yuan or any other convertible currency and will allow the foreign exchange market to use any other convertible currency," El Aissami said.The vice president added that all private banks in Venezuela are obliged to participate in the Dicom bidding system.The government is going to sell 2 billion euros between November and December to allow the public to purchase the European currency “at a real, non-speculative rate,” he said.