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Paul Merrell

Americans Show "Enormous Increase In Support" Of Universal Basic Income | Zero Hedge - 0 views

  • As automation and AI destroy millions of middle-income jobs, permanently forcing (primarily male) workers from the workforce, Americans are beginning to reconsider their attitudes toward a radical policy tool that's popular among some segments of the left: Universal Basic Income. According to CNBC, a recent poll conducted by Northeastern University and Gallup found that 48% of Americans support the measure. In an association that's hardly a coincidence, the poll also showed that three-quarters of Americans believe machines will take away more jobs than they'll generate...
  • Unsurprisingly 65% of Democrats want to see a universal basic income and 54% of people between the ages of 18 and 35 do. In comparison, just 28% of Republicans support UBI.
Paul Merrell

No Slap On The Wrist: Wells Fargo Plunges After Federal Reserve Bars Lender's Growth - 0 views

  • Wells Fargo WFC -9.22%Wells FargoWFC$58.16$-5.91(-9.22%)As of 02/06/2018, 01:01am EST is facing far more than a fine for its fake accounts scandal, in which employees at the lender's branches across the country opened over a million fraudulent checking and credit card accounts to hit their numbers. Late on Friday, the Federal Reserve decided to restrict growth at America's third-largest bank by assets until its risk and governance is improved. The order, which also called for a revamp of Wells Fargo's board of directors, sent the bank reeling in early trading Monday. Wells Fargo shares plunged 9% lower in Monday trading, erasing most of its gains over the past 12 months. For its top shareholder, Warren Buffett's Berkshire Hathaway, the Fed-inspired stock slide meant its Wells Fargo holdings lost over $2.7 billion in value. "We cannot tolerate pervasive and persistent misconduct at any bank and the consumers harmed by Wells Fargo expect that robust and comprehensive reforms will be put in place to make certain that the abuses do not occur again," said chair Janet L. Yellen on Friday. The order was her last as head of the Federal Reserve. On Monday, successor Jerome Powell was sworn in. Added Yellen, "the enforcement action we are taking today will ensure that Wells Fargo will not expand until it is able to do so safely and with the protections needed to manage all of its risks and protect its customers." In September 2016, Wells Fargo paid a $185 million fine to the Consumer Financial Protection Bureau after the agency found branch bankers had opened well over a million fake accounts, which generated millions of dollars in fees to the lender. When the scandal, which occurred over almost a decade, was first revealed, Wells Fargo and its board didn't immediately overhaul their leadership, or sanction top executives in the divisions where fake accounts were created. Only after significant public outcry, in addition to a widening scope of the scandal, did Wells Fargo begin a revamp, firing CEO John Stumpf and clawing back bonuses for numerous executives. Backer Warren Buffett later said in an appearance on CNBC the bank and its leadership had misjudged the severity of the problem.
  • In addition to harsh words, the Fed is ordering a sanction of almost unprecedented severity. It will restrict the bank's growth until its governance and risk management improve, though it will allow Wells to continue current operations from taking deposits to offering loans.
  • Three Wells Fargo long-standing board directors, John Chen, Lloyd Dean and Enrique Hernandez, will likely retire at the firm's annual meeting as part of the Fed's additional order for a refreshment of four board directors. Analysts did not brush off the Fed's move, as they have large fines coming out of the crisis.
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  • The bottom line is that the consent and decree order will mean Wells will have a harder time maintaining market share and will have to compete more on price or credit terms versus peers, in our view. Wells will also have to maintain the balance sheet while other banks are growing, and we view this as defensive versus peers," Kleinhanzl added.
Paul Merrell

China's petro-yuan 'thundering into action' as Iran ditches US dollar in oil trade - RT... - 0 views

  • Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say. The sanctions can make the yuan a more preferable currency than the dollar on the oil market. Since their launch in May, the interest in the renminbi-backed oil contracts has steadily surged. Traded daily volumes hit a record 250,000 lots last Wednesday, and the share of yuan contracts in global trading jumped to 12 percent compared to eight percent in March.
  • “The contract is thundering into action,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore, as quoted by Reuters. “It makes sense for Iran to begin selling oil under contracts denominated in yuan rather than dollars.”China is the largest oil consumer in the world and also buys the most from Iran, a major OPEC producer. Beijing buys 25 percent of Iranian oil exports, which accounts for eight percent of its needs.“The sanctions... can potentially accelerate this process of establishing a 3rd (oil) benchmark,” said senior vice president for derivatives in Singapore at financial services firm INTL FCStone, Barry White.By using more yuan in the oil trade, Beijing both saves the costs of exchanging dollars and promotes the renminbi as a global currency, analysts say. Last week, Shanghai futures rose to a dollar-converted record high of around $75.40 per barrel, growing faster than rival benchmarks Brent and WTI.
Paul Merrell

Santos Announces That Colombia Will Join NATO | News | teleSUR English - 0 views

  • Colombia will be part, starting next week, of the North Atlantic Treaty Organization (NATO) as the first Latin American "global partner", announced on Friday the president of that nation, Juan Manuel Santos. "We will formalize in Brussels next week -and this is very important- the entry of Colombia into NATO in the category of global partner, we will be the only country in Latin America with this privilege," the president said in a televised address from the presidential Narino Palace.
  • At that time, the neighboring government of Venezuela rejected the announcement as an "attempt to introduce external factors with nuclear capacity" in the region.At the beginning of 2017, the then Venezuelan Foreign Minister Delcy Rodríguez had denounced that with that entry Colombia could violate the Tlatelolco agreement, put into effect in 1969 with the purpose of establishing the denuclearization of Latin America and the Caribbean.In addition, Colombia is part of the Movement of Non-Aligned Countries (NAM) and one of the essential principles of the bloc states that its members "can not be part of any type of military and warlike organization such as the North Atlantic Treaty. "
Paul Merrell

One of the World's Safest Places for Banking Is Rocked by Scandals - WSJ - 0 views

  • Commonwealth Bank of Australia ’s oversight of money transfers from that account to Lebanon last year was among many failures cited by the Australian federal government’s financial intelligence agency in its nearly US$530 million fine of the bank on Monday. If approved, the fine—meant to settle a lawsuit brought by the agency and founded on breaches of the country’s Anti-Money Laundering and Counter-Terrorism Act—would be the largest corporate civil penalty ever paid in Australia. Australia’s banks have long held a reputation for being among the world’s safest for investors. But a series of scandals over the past year has rocked the country’s top financial institutions. Commonwealth Bank has seen separate penalties for conduct in alleged interest-rate rigging and bad governance. On Friday, Australia & New Zealand Banking Group Ltd. said it would defend against criminal prosecution for alleged cartel conduct in a 2015 capital raising. A public inquiry into the sector, launched last autumn by Prime Minister Malcolm Turnbull, has heard accusations against Australia’s leading financial firms of inappropriate lending, collecting fees from dead customers for financial advice and lying to regulators. The tribunal has already claimed several big scalps. Beginning in late April, the chief executive, chairman and several board members at Australia’s largest wealth management company, AMP Ltd. , resigned after the company admitted it had misled regulators and been slow to compensate customers for fees charged for financial advice it didn’t deliver.
  • Disoriented investors now fear tighter regulation of a sector that has reliably returned a run of record annual underlying profits and solid dividends. The government has already beefed up penalties for corporate wrongdoing, including prison time, and strengthened the corporate regulator’s investigative powers. Commonwealth Bank shares recently tumbled to 5-year lows.
  • Those mistakes included not assessing the inherent risk of so-called intelligent deposit machines before mid-2015. Commonwealth Bank also didn’t limit the number of times that customers could deposit money each day, or create reports on thousands of deposits of A$10,000 (US$7,569) or more at the machines. These flaws created an architecture that money launderers could exploit, the financial-intelligence agency said.
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  • ANZ last month said it would scrap sales-based bonuses for financial planners while paying compensation in about 9,000 cases where it had provided inappropriate advice. And the banking industry has agreed to binding changes around conduct, including tightened background checks for employees and improved transparency around fees.
Paul Merrell

For most Americans, real wages have barely budged for decades | Pew Research Center - 0 views

  • On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades (3.9% as of July) and the nation’s private-sector employers have been adding jobs for 101 straight months – 19.5 million since the Great Recession-related cuts finally abated in early 2010, and 1.5 million just since the beginning of the year. But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.
  • The disconnect between the job market and workers’ paychecks has fueled much of the recent activism in states and cities around raising minimum wages, and it also has become a factor in at least some of this year’s congressional campaigns.
  • After adjusting for inflation, however, today’s average hourly wage has just about the same purchasing power it did in 1978, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. In fact, in real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today.
Paul Merrell

Noam Chomsky ; "Most of the World is Just Collapsing in Laughter" on Claims that Russia... - 0 views

  • Gibbs: One of the surprises of the post-Cold War era is the persistence of the North Atlantic Treaty Organization and other US-led alliances. These alliances were created during the Cold War mainly or exclusively for containing the claimed Soviet threat. In 1991, the USSR disappeared from the map, but the anti-Soviet alliance systems persisted and in fact expanded. How do we account for the persistence and expansion of NATO? What in your view is the purpose of NATO after the Cold War? Chomsky: We have official answers to that. It’s a very interesting question, which I was planning to talk about but didn’t have time. So thanks. It’s a very interesting question. For fifty years, we heard NATO is necessary to save Western Europe from the Russian hordes, you know the slave state, stuff I was taking about. In 1990-91, no Russian hordes. Okay, what happens? Well there are actually visions of the future system that were presented. One was Gorbachev. He called for a Eurasian security system, with no military blocs. He called it a Common European Home. No military blocs, no Warsaw Pact, no NATO, with centers of power in Brussels, Moscow, Ankara, maybe Vladivostok, other places. Just an integrated security system with no conflicts. That was one. Now the other vision was presented by George Bush, this is the “statesman,” Bush I and James Baker his secretary of state. There’s very good scholarship on this incidentally. We really know a lot about what happened, now that all the documents are out. Gorbachev said that he would agree to the unification of Germany, and even adherence of Germany to NATO, which was quite a concession, if NATO didn’t move to East Germany. And Bush and Baker promised verbally, that’s critical, verbally that NATO would not expand “one inch to the east,” which meant East Germany. Nobody was talking about anything farther at the time. They would not expand one inch to the east. Now that was a verbal promise. It was never written. NATO immediately expanded to East Germany. Gorbachev complained. He was told look, there’s nothing on paper. People didn’t actually say it but the implication was look, if you are dumb enough to take faith in a gentleman’s agreement with us, that’s your problem. NATO expanded to East Germany. There’s very interesting work, if you want to look into it by a young scholar in Texas named Joshua Shifrinson, it appeared in International Security, which is one of the prestige journals, published by MIT.4 He goes through the documentary record very carefully and he makes a pretty convincing case that Bush and Baker were purposely deceiving Gorbachev. The scholarship has been divided on that, maybe they just weren’t clear or something. But if you read it, I think it’s quite a convincing case, that they were purposely setting it up to deceive Gorbachev.
  • Okay, NATO expanded to East Berlin and East Germany. Under Clinton NATO expanded further, to the former Russian satellites. In 2008 NATO formally made an offer to Ukraine to join NATO. That’s unbelievable. I mean, Ukraine is the geopolitical heartland of Russian concern, quite aside from historical connections, population and so on. Right at the beginning of all of this, serious senior statesmen, people like Kennan for example and others warned that the expansion of NATO to the east is going to cause a disaster.5 I mean, it’s like having the Warsaw Pact on the Mexican border. It’s inconceivable. And others, senior people warned about this, but policymakers didn’t care. Just go ahead. Right now, where do we stand? Well right at the Russian border, both sides have been taking provocative actions, both sides are building up military forces. NATO forces are carrying out maneuvers hundreds of yards from the Russian border, the Russian jets are buzzing American jets. Anything could blow up in a minute. In a minute, you know. Any incident could instantly blow up. Both sides are modernizing and increasing their military systems, including nuclear systems. So what’s the purpose of NATO? Well actually we have an official answer. It isn’t publicized much, but a couple of years ago, the secretary-general of NATO made a formal statement explaining the purpose of NATO in the post-Cold War world is to control global energy systems, pipelines, and sea lanes. That means it’s a global system and of course he didn’t say it, it’s an intervention force under US command, as we’ve seen in case after case. So that’s NATO. So what happened to the years of defending Europe from the Russian hordes? Well, you can go back to NSC-68,6 and see how serious that was. So that’s what we’re living with.
Paul Merrell

Trump Invades Syria | Global Research - Centre for Research on Globalization - 0 views

  • Although the Syrian army, with its ally Russia, has made significant gains against ISIS over the past week or so, the Washington Post is reporting tonight that President Trump has for the first time sent regular US military personnel into that country in combat positions. This is an unprecedented escalation of US involvement in the Syrian war and it comes without Congressional authorization, without UN authorization, and without the authorization of the government of Syria. In short it is three ways illegal. According to the Post, US Marines have departed their ships in the Mediterranean and have established an outpost on Syrian soil from where they will fire artillery toward the ISIS “headquarters” of Raqqa. The Post continues:  The Marines on the ground include part of an artillery battery that can fire powerful 155-millimeter shells from M777 Howitzers, two officials said, speaking on the condition of anonymity because of the sensitivity of the deployment. The expeditionary unit’s ground force, Battalion Landing Team 1st Battalion, 4th Marines, will man the guns and deliver fire support for U.S.-backed local forces who are preparing an assault on the city. Additional infantrymen from the unit are likely to provide security. On March 5th, RT ran footage of a US military convoy entering Syria near Manbij. The US mainstream media initially blacked out the story, but the Post today confirmed that the troops were from the Army’s 75th Ranger Regiment in Stryker vehicles. What is important to understand about this sudden escalation of US involvement is that if this “race to Raqqa” is won by the US military rather than by Syrian government forces, the chance that the US will hand the territory back to the Assad government is virtually nil. In other words, this is an operation far less about wiping ISIS out from eastern Syria and much more about the United States carving out eastern Syria as a permanent outpost from where it can, for example, continue the original neocon/Israeli/Saudi plan for “regime change” in Syria. The United States is making a military bid for a very large chunk of sovereign Syrian territory. Something even Obama with his extraordinarily reckless Middle East policy would not dare to do.
  • How will the Russians react to this development? How will the Russians react if increased US military activity on the ground in Syria begins to threaten Russian military forces operating in Syria (with the consent of that country’s legal government)?  With President Trump’s “get along with Russia” policy lying in the tatters of a Nikki Haley at the UN and a Fiona Hill at NSC Staff, how differently might the Russians see US actions in Syria than they might have only a month or so ago? Make no mistake: this is big news. And very bad news.
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    The WaPo article is at https://www.washingtonpost.com/news/checkpoint/wp/2017/03/08/marines-have-arrived-in-syria-to-fire-artillery-in-the-fight-for-raqqa/ The M777 howitzer has a range of up to 25 miles. It is an artillery weapons specially developed for light-weight.Two M777s can be transported in a Marine Osprey VTOL aircraft, compared with only 1 of the older M198s.
Paul Merrell

Iran considers deploying ground forces to counter US intervention in Syria: Reports | M... - 0 views

  • Iran's foreign ministry condemned Israel's incursions into Syria on Saturday as reports suggested Iran was mulling deploying ground forces to counter a potential US-led intervention in the country.Israeli jets struck an area near the International airport in Damascus on Thursday, reportedly an arms depot operated by the Lebanese Hezbollah militia."There was no doubt that the inroads were aimed at weakening Syria's legitimate government and in line with reinforcing Takfiri (supposedly apostate Muslim] terrorists who have moved closer to the annihilation and defeat in the battlegrounds day by day," Iranian foreign ministry spokesman Bahram Qassemi said, according to the Fars news agency.
  • The comments follow reports by the Tabnak news agency, which is affiliated to a former commander of the powerful Iranian Revolutionary Guards Corps (IRGC), indicating that Iran has growing concerns about increasing US military activities on Jordan's northern border.The article said that Israel's strikes on Syria could be the beginning of a major offensive against the country by a coalition including Israel, the US and Arab states."There are increased activities in southern Syria that indicate preparations for an attack through Jordan and Israel and [with the help of] armed groups," it read.Another article in the same news agency said that Russian and Iranian military officials had informed Syrian President Bashar al-Assad that they stood ready to send ground forces to intervene in the country in case of such a situation.Journalist Asaad Hanna tweeted earlier this month that US forces had been positioned and were standing by on the southern Syrian border with Jordan special forces. Another report in the Al-Hayat outlet also indicated a joint force was preparing to enter southern Syria from Jordan, albeit ostensibly with the aim of combating the Islamic State.
  • Iran rallied to the defence of its ally in Syria following the crackdown on anti-government demonstrators in 2011.The IRGC has lost more than a thousand fighters in Syria, fighting against opposition forces backed by the US, Qatar, Turkey and Saudi Arabia.
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  • Primarily, though, the Assad government sees Jordan behind the scheme, along with the US, as a means of securing the frontiers for both the kingdom and Israel.Reports have also indicated that US troops have begun amassing on Syria's northern border.
  • Pentagon spokesman Captain Jeff Davis also said on Friday that US troops were deployed along the border."We continue to urge all the parties involved to focus on the common enemy, which is ISIS," he told reporters, referring to the Islamic State group.The surge in US troops along the northern and southern borders of Syria has worried Damascus and Tehran primarily because of a recent dramatic turn around in the Trump administration's policy on the country, which saw air strikes launched against Shayrat airbase following a chemical weapon attack against rebels in Idlib.
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    World War III unfolding? Russia to counter with ground troops?
Paul Merrell

US Dismisses Ban on Aircraft Over Syrian Safe Zones -- News from Antiwar.com - 0 views

  • A day after the US gave tepid support for the establishment of Syrian safe zones to try to separate combatant forces and reduce the amount of fighting, they appear to have noticed that this might get in their way of their own attacks across the country, and are pledging to ignore the demilitarization of the zones.
  • Back when Turkey and the US were both super keen on the idea of safe zones, a big selling point was the imposition of no-fly zones over the areas, to keep the civilians within getting bombed. This was also a big obstacle, as the US wasn’t totally clear it could do this without declaring war on Russia. With Russia also on board now, that should’ve been easier. Instead, Russia announced that the safe zones, which went into effect overnight, are now officially closed to all warplanes, and US officials are livid at the idea, insisting they have no intention of respecting that. Largely this appears to be a case of the US just being deliberately difficult, as none of the safe zones are in areas US warplanes were operating in the first place. The reality, however, is that the zones are now being used in service of a ceasefire the US never really supported to begin with ,and with the US-backed rebels also objecting about the ceasefire getting in the way of their war, the US will be non-cooperative.
Paul Merrell

Is Mad Dog Planning to Invade East Syria?     - 0 views

  • The Pentagon’s plan for seizing and occupying territory in east Syria is beginning to take shape. According to a Fox News exclusive: “The Islamic State has essentially moved its so-called capital in Syria… ISIS is now centered in Deir ez-Zur, roughly 90 miles southeast of Raqqa, the officials said.” (“ISIS moves its capital in Syria”, FOX News ) The move by ISIS corresponds to the secretive massing of US troops and military equipment on the Syria-Jordan border. It creates the perfect pretext for a ground invasion followed by a long-term military occupation in an area that Washington has sought to control for the last 18 months.  Here’s more on the topic from South Front: “The US military is reportedly concentrating troops and military equipment at the Syrian-Jordanian border. Local sources said that about 20 US Army armoured vehicles (including battle tanks and artillery pieces) carried on trucks were spotted in Al-Mafraq. US troops were allegedly accompanied with the Jordanian Army’s 3rd Division.
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    It seems the U.S. is abandoning all pretense of complying with international law governing warfare. Syria is a sovereign nation; the U.S. cannot lawfully invade and occupy its territory.
Paul Merrell

Ending Syria's Nightmare will Take Pressure From Below  - 0 views

  • On Wednesday, the US airlifted hundreds of mainly-Kurdish fighters to an area behind ISIS lines where they were dropped near the town of al-Tabqa. The troops– who are part of the US-backed Syrian Democratic Forces or SDF– were accompanied by an undisclosed number of US Marines serving as advisors. Ostensibly, the deployment was intended to encircle ISIS positions and retake the area around the strategic Tabqa Dam. But the operation had the added effect of blocking the Syrian Arab Army (SAA) from advancing  along the main road towards Raqqa, the so called Capital of ISIS.  While the blocking move might have been coincidental, there’s a strong possibility that Washington is in the opening phase of a broader strategy to splinter the war-torn country and prevent the reemergence of a united secular Syria. According to Almasdar News: “The Coalition supported the offensive with air movement and logistical support, precision airstrikes, Apache helicopters in close air support, Marine artillery, and special operations advice and assistance to SDF leadership,” the US-led coalition said in a statement.” (AMN News) In a matter of weeks, Washington’s approach to the war in Syria has changed dramatically. While the US has reportedly ended its support for the Sunni militias that have torn the country apart and killed over 400,000 people, the US has increased its aid to the SDF that is making impressive territorial gains across the eastern corridor. The ultimate goal for the SDF fighters is an autonomous Kurdish homeland carved out of West Iraq and East Syria, while US objectives focus primarily on the breakup of the Syrian state, the removal of the elected government, the control over critical pipelines routes, and the redrawing of national borders to better serve the interests of the US and Israel.
  • The most recent adaptation of Yinon’s plan was articulated by Brookings Institute analyst Michael O’ Hanlon in a piece that appeared in the Wall Street Journal titled “A Trump Strategy to End Syria’s Nightmare”.  In the article, O’ Hanlon states bluntly: “To achieve peace, Syria will need self-governance within a number of autonomous zones. One option is a confederal system by which the whole country is divided into such zones. A less desirable but minimally acceptable alternative could be several autonomous zones within an otherwise still-centralized state—similar to how Iraqi Kurdistan has functioned for a quarter-century…. Security in the Sunni Arab and Kurdish autonomous zones would be provided by local police and perhaps paramilitary forces raised, trained and equipped with the direct support of the international community. …(“A Trump Strategy to End Syria’s Nightmare”, Wall Street Journal) In an earlier piece, O’ Hanlon referred to his scheme as “Deconstructing Syria” a plan that “would produce autonomous zones that would never again have to face the prospect of rule by either Assad or ISIL.” Many of the details in O’ Hanlon’s piece are identical to those in Trump’s plan which was announced by Secretary of State Tillerson just last week. The Brookings strategy appears to be the script from which the administration is operating.
  • In his presentation, Tillerson announced that US troops would not leave Iraq after the siege of Mosul was concluded which has led many to speculate that the same policy will be used in Syria. Here’s an excerpt from an article at the WSWS that explains this point: “US Secretary of State Rex Tillerson declared Washington’s intention to keep troops deployed more or less indefinitely in the territories now occupied by Islamic State in Iraq and Syria in remarks delivered at the beginning of a two-day meeting of the US-organized anti-ISIS coalition in Washington. “The military power of the coalition will remain where this fraudulent caliphate has existed in order to set the conditions for a full recovery from the tyranny of ISIS,” he told an audience that included Iraqi Prime Minister Haider al-Abadi. He gave no indication of when, if ever, US troops could be withdrawn from a war zone extending across Iraq and Syria, where there has been fighting of greater or lesser intensity throughout the 14 years since the US first invaded Iraq.” (Tillerson pledges long-term US military role in Iraq and Syria, World Socialist web Site) US Defense Secretary James “Mad Dog” Mattis reinforced Tillerson’s comments adding that the US plans a indefinite occupation of Iraq (and, possibly, Syria) stating that it was in America’s “national interest.”
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  • “We will pursue a new foreign policy that finally learns from the mistakes of the past…We will stop looking to topple regimes and overthrow governments…. Our goal is stability not chaos, because we want to rebuild our country [the United States] …In our dealings with other countries, we will seek shared interests wherever possible and pursue a new era of peace, understanding, and good will.” There won’t be any peace under Mattis or McMaster, that’s for sure. Both men are anti-Moscow hardliners who think Russia is an emerging rival that must be confronted and defeated. Even more worrisome is the fact that uber-hawk John McCain recently stated that he talks with both men “almost daily” (even though he has avoided talking to Trump since he was elected in November.) According to German Marshall Fund’s Derek Chollet, a former Obama Pentagon official. “(McCain) is trying to run U.S. defense policy through Mattis and effectively ignore Trump.” (Kimberly Dozier, Daily Beast contributing editor)  Chollet’s comments square with our belief that Trump has relinquished his control over foreign policy to placate his critics.
  • In response to Mattis’s comments, Syrian President Bashar al Assad said: “Any military operation in Syria without the approval of the Syrian government is illegal, and  any troops on the Syrian soil,  is an invasion, whether to liberate Raqqa or any other place. …The (US-led) coalition has never been serious about fighting ISIS or the terrorists.” Clearly, Washington is using the fight against ISIS as a pretext for capturing and holding territory in a critical, energy-rich area of the world. The plan to seize parts of East Syria for military bases and pipeline corridors fits neatly within this same basic strategy.   But it also throws a wrench in Moscow’s plan to restore the country’s borders and put an end to the six year-long conflict. And what does Tillerson mean when he talks about “interim zones of stability” a moniker that the Trump administration carefully crafted to avoid the more portentous-sounding “safe zones”. (Readers will recall that Hillary Clinton was the biggest proponent of safe zones in Syria, even though they would require a huge commitment of US troops as well as the costly imposition of a no-fly zone.) Tillerson’s comments suggest that the Trump administration is deepening its involvement in Syria despite the risks of a catastrophic clash with Moscow. Ever since General Michael Flynn was forced to step down from his position as National Security Advisor, (Flynn wanted to “normalize” relations with Russia), Trump has filled his foreign policy team with Russophobic hawks who see Moscow as “hostile revisionist power” that “annex(es) territory, intimidates our allies, develops nuclear weapons, and uses proxies under the cover of modernized conventional militaries.” Those are the words of  the man who replaced Flynn as NSA,  Lt. General HR McMaster. While the media applauded the McMaster appointment as an “outstanding choice”, his critics think it signals a departure from Trump’s campaign promise:
  • Washington’s Syria policy is now in the hands of a small group of right-wing extremists who think Russia is the biggest threat the nation has faced since WW2. That’s why there’s been a sharp uptick in the number of troops deployed to the region. 
Paul Merrell

Ousted South Korean leader behind bars after arrest on bribery charges | Reuters - 0 views

  • Ousted South Korean leader Park Geun-hye was behind bars in the Seoul Detention Centre on Friday after her arrest, on charges including bribery, in a corruption scandal that has brought low some of the country's business and political elite.In a dramatic fall from power, Park, 65, became South Korea's first democratically elected leader to be thrown out of office. She is accused of colluding with a friend, Choi Soon-sil, to pressure big businesses to contribute funds to foundations that backed her policy initiatives.She and Choi, who is already in custody and on trial, deny any wrongdoing. In the early hours of Friday, the Seoul Central District Court approved prosecutors' request for an arrest warrant for Park after she gave about eight hours of testimony.Park and her lawyers had argued that she should not be arrested because she did not pose a flight risk and would not try to tamper with evidence. But the court disagreed, and said she might try to manipulate evidence.
  • Prosecutors now have 20 days to build their case while Park remains in detention.Park's removal from office capped months of paralysis and turmoil over the corruption scandal that also landed the head of the Samsung Group, South Korea's largest "chaebol", or family-run conglomerate, in detention and on trial.
  • Park's impeachment on March 10, which upheld a parliamentary vote in December, effectively left a political vacuum with only an interim president in place before a snap May 9 election.Liberal opposition politician Moon Jae-in is leading in opinion polls and is expected to win that election."The arrest of the former president Park amounts to upholding the people's stern order to build a country where justice and common sense stand firm," Moon's spokesman, Park Kwang-on, said in a statement.
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  • Prosecutors said on Monday Park was accused of soliciting companies for money and infringing upon the freedom of corporate management in her position as president.She could face more than 10 years in jail if convicted of receiving bribes from chaebol bosses, including Samsung Group chief Jay Y. Lee, in return for favors.Lee, who denies charges that he provided bribes in return for favors for Samsung, is in detention in the same facility as Park and on trial separately.After several preliminary hearings, Lee's trial will begin on April 7.
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

Family of slain DNC staffer Seth Rich blasts detective over report of WikiLeaks link | ... - 0 views

  • link By Malia Zimmerman Published May 16, 2017 Fox News Facebook Twitter Comments Email Print Now Playing Rod Wheeler on his investigation into DNC staffer's murder The family of the Democratic National Committee staffer who was gunned down on July 10 on a Washington, D.C., blasted reports that he was a source of emails leaked to WikiLeaks. Rod Wheeler, a retired Washington homicide detective and Fox News contributor investigating the case on behalf of the Rich family, made the WikiLeaks claim, which was corroborated by a federal investigator who spoke to Fox News.
  • Wheeler made his comments on the possible Rich-Wikileaks connection in a story first reported Monday night by Fox 5 DC.  In an appearance on Fox News' "Hannity" Tuesday night, Wheeler said a "federal investigator that was involved on the inside of the case" saw Rich's computer and the case file. Wheeler told host Sean Hannity the investigator "came across [as] very credible. When you look at that, with the totality of everything else that I found in this case, it’s very consistent for a person with my experience to begin to think, 'Well, perhaps there were some email communication between Seth and Wikileaks.'"
  • But a spokesman for Rich's family on Tuesday said Wheeler was not authorized to speak for the family and called assertions Seth Rich sent emails to WikiLeaks "unsubstantiated." Brad Bauman said even if purported emails were to surface, it would not necessarily mean Rich had helped WikiLeaks.
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    Threatening the Russia-gate narrative.
mobileappdaily

Twitter New Feature is To Filter DM From Unknown - 0 views

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    The social media applications seem to not stop enrolling the alluring features for the users. Recently an endless wave of enhancing the service of features via numerous experiment begins. Almost every social media app is putting their new idea on test with the help of beta versions.
Paul Merrell

UN takes first concrete step to hold Israel accountable for violating Palesti... - 0 views

  • September 27, 2017  — Today’s media reports revealed that the UN High Commissioner for Human Rights began sending letters two weeks ago to 150 companies in Israel and around the globe, warning them that they could be added to a database of complicit companies doing business in illegal Israeli settlements based in the occupied Palestinian West Bank, including East Jerusalem. The letters reminded these companies that their operations in and with illegal Israeli settlements are in violation of “international law and in opposition of UN resolutions.” They also requested that these companies respond with clarifications about such operations. According to senior Israeli officials, some of the companies have already responded to the UN High Commissioner for Human Rights by saying they won’t renew their contracts or sign new ones in Israel. “This could turn into a snowball,” worried an Israeli official. Of the 150 companies, some 30 are American firms, and a number are from nations including Germany, South Korea and Norway. The remaining half are Israeli companies, including pharmaceutical giant Teva, the national phone company Bezeq, bus company Egged, the national water company Mekorot, the county’s two biggest banks Hapoalim and Leumi, the large military and technology company Elbit Systems, Coca-Cola, Africa-Israel, IDB and Netafim. American companies that received letters include Caterpillar, Priceline.com, TripAdvisor and Airbnb. The Trump administration is reportedly trying to prevent the list’s publication.
  • Omar Barghouti, co-founder of the BDS movement, commented, After decades of Palestinian dispossession and Israeli military occupation and apartheid, the United Nations has taken its first concrete, practical step to secure accountability for ongoing Israeli violations of Palestinian human rights. Palestinians warmly welcome this step. We hope the UN Human Rights Council will stand firm and publish its full list of companies illegally operating in or with Israeli settlements on stolen Palestinian land, and will develop this list as called for by the UN Human Rights Council in March 2016. It may be too ambitious to expect this courageous UN accountability measure to effectively take Israel “off the pedestal,” as South African anti-apartheid leader Archbishop Desmond Tutu once called for. But if implemented properly, this UN database of companies that are complicit in some of Israel’s human rights violations may augur the beginning of the end of Israel’s criminal impunity.
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    Getting much closer to the tipping point for the Boycott, Divestment, & Sanctions Movement.
Paul Merrell

Venezuela Bucks Petrodollar, Announces Cryptocurrency Backed by Oil - 0 views

  • Months after Russia became the first country to announce the creation of a state-backed Cryptorouble, Venezuela has followed suit, announcing the creation of El Petro, a state-sanctioned cryptocurrency to be backed by Venezuela’s extensive reserves of crude oil. Venezuela has already broken free of Dollar dependence months ago when Caracas announced it would be trading its oil using China’s Petroyuan. Venezuelan President Nicolas Maduro also stated that he would like to begin trade with Russia in the Rouble. With Venezuela heavily sanctioned by the United States, El Petro looks to be another tool which Venezuela can use to continue and conduct international commerce without relying on Dollar based financial institution.
  • Crucially, while existing Cryptocurrencies tend to create their initial value through an arithmetic process called “mining”, leaving them heavily subject to market fluctuation, El Petro will be backed by a known commodity, oil, thus giving it a clear advantage for risk-averse investors. While the world’s most popular cryptocurrency Bitcoin, has seen its value skyrocket against the Dollar, some remain unconvinced of its long-term prospects for stability. A currency, backed by oil would, by contrast, ostensibly fluctuate in accordance with the well established global price of Brent Crude.
  • An official oil-backed cryptocurrency could work in tandem with Russia’s soon to be launched Cryptorouble, a digital currency which will ostensibly be backed by the vast resources of the Russian state. With western governments ambivalent about how to treat existing cryptocurrencies, Russia and Venezuela have taken the lead to both normalize cryptos while backing them by well-known assets.
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    The petrodollar takes another hit.
Paul Merrell

US Fully Suspends Its Support For Free Syrian Army, Shuts Down Operation Rooms In Turke... - 0 views

  • On December 18, a Free Syrian Army (FSA) commander revealed to the Syrian opposition news outlet Enab Baladi that the US had fully suspended its support for all FSA groups in northern and southern Syria. FSA groups were allegedly informed of the US decision during a joint meeting.According to the Enab Baladi report, the US even closed its infamous Military Operation Center (MOC) in Jordan. The MOC is known for its major role in providing financial, military and intelligence support for the FSA and radical Islamist groups in southern Syria. The MOC even planned and commanded some of the biggest attacks on the SAA in the southern province of Daraa, according to Syrian pro-government activist. The June offensive in the city of Daraa was dsecribed as one of such advances.The US also shut down another Military Operation Center in Turkey, named by Turks “MOM”, according to the FSA commander. The MOM played a similar role in the MOC. However, it supported FSA groups and al-Qaeda-affiliated Hay’at Tahrir al-Sham (former al-Nusra Front) in northern Syria for years.The FSA commander also revealed that the US continued to support the FSA groups financially even after an announcement by US President Donald Trump that US suspended its support for the FSA on July 19. However, now all forms of the support including financial support are susspended, according to Enab Baladi.Another US program to support FSA groups may begin in 2018, according to the FSA commander. However, experts believe that the US will focus in the next year on supporting the Kurdish-dominated Syrian Democratic Forces (SDF) in eastern Syria.
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    U.S. abandoning the Syrian War except for the eastern portion held by the Kurds?
Paul Merrell

JPMorgan to pay record $920 million to resolve trading probes - 1 views

  • JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the manipulation of global markets for metals and Treasurys.The figure was released Tuesday morning by the Commodity Futures Trading Commission in a statement from Commissioner Dan Berkovitz. Last week, news reports indicated that the New York-based bank was nearing a settlement of almost $1 billion.The penalty is a record for spoofing, which is when sophisticated traders flood markets with orders that they have no intention of actually executing. The practice was banned after the 2008 financial crisis and regulators have made it a priority to stamp out.Of the $920 million, $436.4 million is a criminal monetary penalty, $172 million is a “criminal disgorgement amount” and $311.7 million is for victim compensation, according to the Department of Justice.
  • JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the manipulation of global markets for metals and Treasurys.The figure was released Tuesday morning by the Commodity Futures Trading Commission in a statement from Commissioner Dan Berkovitz. Last week, news reports indicated that the New York-based bank was nearing a settlement of almost $1 billion.The penalty is a record for spoofing, which is when sophisticated traders flood markets with orders that they have no intention of actually executing. The practice was banned after the 2008 financial crisis and regulators have made it a priority to stamp out.Of the $920 million, $436.4 million is a criminal monetary penalty, $172 million is a “criminal disgorgement amount” and $311.7 million is for victim compensation, according to the Department of Justice.
  • The bank, the biggest U.S. lender by assets, has entered into a deferred prosecution agreement with the DOJ that will expire in three years if the firm satisfies its obligations under the deal. 
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  • In his statement, the CFTC’s Berkovitz said he opposed the ruling from his agency that JPMorgan’s actions “should not result in any disqualifications under the ‘bad actor’ provisions of the securities laws.” He is apparently referring to the fact that the settlement isn’t expected to result in business restrictions on other areas of the firm.
  • The bank also has quietly settled a long-running lawsuit that accused the bank of manipulating precious metals markets with “spoofing” trades. The lawsuit was filed in 2015 by Daniel Shak, the hedge fund operator and high-stakes poker player, and two metals traders, Mark Grumet and Thomas Wacker.The three plaintiffs had accused JPMorgan of manipulating the silver futures market from 2010 through 2011 through spoofing trades. Details of the settlement were not disclosed in court filings.
  • In September 2019, federal prosecutors charged Nowak and two other former JPMorgan precious metals traders, Gregg Smith and Christopher Jordan, with participating in a racketeering conspiracy in connection with a multiyear scheme to manipulate the markets and defraud customers, as well as other crimes related to alleged spoofing.A superseding indictment was filed in the criminal case two months later, adding another defendant, ex-JPMorgan executive Jeffrey Ruffo, who had worked in hedge fund sales on the firm’s precious metals desk.All four defendants have pleaded not guilty. Trial in that case is scheduled to begin next April in Chicago federal court.
  • The CFTC noted in their press release that the agency continues to pursue civil litigation against Nowak and  Smith, for spoofing and attempted price manipulation.Although Shak’s lawsuit has been settled, JPMorgan still faces a class action lawsuit related to alleged spoofing in the precious metals markets.
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