Group items tagged

Russian President Vladimir Putin has instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, according to the Kremlin website.

Update: Bibi has responded, and - well - you see he was only stealing because it was in the country's interest: NETANYAHU SAYS HIS ONLY MOTIVE IS TO ADVANCE NATIONAL INTERESTS It gets better: NETANYAHU: POLICE RECOMMENDATIONS HAVE NO PLACE IN DEMOCRACY And then, denial, with the usual diversion that any attack on Netanyahu is an attack on Israel itself: NETANYAHU SAYS `TODAY IS NO DIFFERENT FROM ANY DAY' NETANYAHU SAYS INVESTIGATIONS AIM TO TOPPLE HIS GOVERNMENT NETANYAHU: POLICE RECOMMENDATIONS HAVE NO PLACE IN DEMOCRACY Spoken just like any corrupt politicians

After a 14-month-long investigation, Israeli police have reportedly recommended that Prime Minister Benjamin Netanyahu be indicted on charges of bribery and breach of trust.

As The Jerusalem Post reports, police say they have found enough evidence to recommend the state’s prosecution to indict Netanyahu in Case 1000, the “gifts affair" and Case 2000, the "Yediot Aharanot Affair." In Case 1000, the “gifts affair,” it is alleged that Netanyahu improperly accepted expensive gifts from different businessmen. In Case 2000, the “Yediot Aharonot affair,” Netanyahu allegedly negotiated with publisher Arnon “Noni” Mozes for favorable coverage of himself in Yediot Aharonot in exchange for support of a bill to weaken Israel Hayom, the largest circulation Hebrew-language paper and Yediot’s biggest competitor. At this stage, the prosecution and Attorney-General Avichai Mandelblit will examine the evidence that police collected throughout the investigations, and will later decide whether to actually indict the prime minister or not. Netanyahu will not be required at this point to resign from office. The law says that only after a peremptory Supreme Court verdict (meaning after an appeal was submitted and rejected), the prime minister must resign from office.

Nir Hefetz, Prime Minister Benjamin Netanyahu's "spin doctor" and confidant, will hand over recordings of Netanyahu and his wife Sara as part of a deal with police to turn state's evidence in the bribery case involving the Bezeq telecom giant and the Walla news site. Netanyahu, currently in the U.S. for AIPAC and a meeting with Trump, received the news at the Blair House, where he is a guest of the White House. In return for testifying against Netanyahu, Hefetz will not stand trial, face prison time or be fined. While he testifies, he will be housed at an isolated installation.

According to assessments regarding the deal, Hefetz will also give information regarding the other cases against the prime minister and his wife. Keep updated: Sign up to our newsletter Email* Please enter a valid email address Sign up Please wait… Thank you for signing up. We've got more newsletters we think you'll find interesting. Click here Oops. Something went wrong. Please try again later. Try again Thank you, The email address you have provided is already registered. Close Hefetz is the third Netanyahu confidant to turn against the prime minister in the ongoing corruption cases. Hefetz is suspected of receiving bribes and obstructing justice as part of what is called Case 4000. He is also a key figure in 1270, and is second fiddle in Case 2000. In Case 4000, Hefetz liaised between the Netanyahu couple and the Walla news website, owned by Bezeq. Hefetz arranged for flattering items on the couple and censorship of less flattering items, Haaretz's Gidi Weitz reported. In Case 1270, Hefetz allegedly served as the prime minister's confidant who sought to elucidate how Judge Hila Gerstl felt about closing a case against Sara Netanyahu. Allegedly a trial balloon was floated, hinting to Gerstl that she would be promoted to Israel's next attorney-general if she closed the case down. Hefetz claims that it all boiled down to idle chatter and hadn't been coordinated with the prime minister and his wife. In Case 2000, Hefetz had involvement on both sides of the coin. He was head of public relations for Netanyahu, before which he served as senior editor in the Yedioth Ahronoth group, owned by Arnon Mozes. In 2009, Mozes is suspected of agreeing to provide sweetheart coverage of Netanyahu, who in turn allegedly promised to get the rival (free) newspaper Israel Hayom to stop printing a weekend edition, which stood to hugely benefit Yedioth.

Channel 10 reports that Hefetz will be providing information on other cases – some of which the public hasn't even heard of yet.

Judicial Watch today released 1,606 pages of documents from the U.S. Department of State revealing repeated use of unsecured communications for classified information and numerous examples of Clinton Foundation donors receiving special favors from former Secretary of State Hillary Clinton’s staff. The documents, containing emails from the unsecure, non-government account of Huma Abedin, Clinton’s then-deputy chief of staff, also show Clinton or her staff expressing interest in visiting Venezuelan dictator Hugo Chavez and North Korean dictator Kim Jung II. The documents included 91 Clinton email exchanges not previously turned over to the State Department, bringing the known total to date to at least 530 emails that were not part of the 55,000 pages of emails that Clinton turned over to the State Department, and further contradicting a statement by Clinton that, “as far as she knew,” all of her government emails had been turned over to the State Department. The documents were obtained in response to a court order from a May 5, 2015, lawsuit filed against the State Department (Judicial Watch, Inc. v. U.S. Department of State (No. 1:15-cv-00684)) after it failed to respond to a March 18, 2015, Freedom of Information Act (FOIA) request seeking: “All emails of official State Department business received or sent by former Deputy Chief of Staff Huma Abedin from January 1, 2009 through February 1, 2013 using a non-‘state.gov’ email address.”

According to state-run Chinese news outlet Xinhua, the Chinese military — citing remarks made by a high-ranking military official during a rare trip to Damascus — is seeking closer ties with war-torn Syria, offering to supply humanitarian aid and even train Syrian military personnel. On Tuesday, the Director of the Office for Military Cooperation of China’s Central Military Commission, Guan Youfei, flew to Damascus to have discussions with Syrian Defense Minister Fahad Jassim al-Freij,Xinhua says. Director Guan, speaking with Xinhua, noted historical ties between the two countries and highlighted the positive role China has played in seeking a resolution to the fighting in Syria. Reuters points out that Xinhua, paraphrasing Guan’s words, states: “China’s and Syria’s militaries have a traditionally friendly relationship, and China’s military is willing to keep strengthening exchanges and cooperation.”

The news comes as Syrian government forces, backed by Russian airpower, have established a siege around Aleppo, the last remaining enemy stronghold. Syrian and Russian forces have established humanitarian corridors for which civilians and even rebel fighters can escape — and maintains daily ceasefires for them to do this. Given these developments, it appears the last stand of the rebels may be imminent. As Underground Reporter has previously written: “All evidence points to the fact that the Syrian government is attempting to give the rebels within Aleppo a chance to surrender without further bloodshed. The rebels, however, appear steadfast. It was recently reported that 7,000 fighters are headed toward Aleppo from the southwest.” Interestingly — and, to be sure, concerningly — Xinhua noted that while Director Guan was in Damascus on Tuesday, he met with a Russian general; though the agency provided no further comment on the matter.

Remember, the U.S. and China are on the verge of all-out naval warfare in the South China Sea, with neither side willing to give an inch. Recall also that U.S.-led NATO is in Eastern Europe, along the border with Russia, conducting what many have called provocations in an attempt to elicit a response from the Russian military. Now, with China’s presence in Syria — and on the side of Russian and Syrian forces, no less — the last remaining global superpower has injected itself in the most hotly-contested military conflict on the planet. As Zero Hedge fittingly summarized: “Which means that at this moment, every major world superpower is officially involved in the Syrian war, which has on various occasions been aptly called a powderkeg for what may be the next global military conflict — to be sure, all required players are now officially involved.”

Sen. Rand Paul’s expression of opposition to a $1.1 billion U.S. arms sale to Saudi Arabia — which has been brutally bombing civilian targets in Yemen using U.S.-made weapons for more than a year now — alarmed CNN’s Wolf Blitzer on Thursday afternoon. Blitzer’s concern: That stopping the sale could result in fewer jobs for arms manufacturers. “So for you this is a moral issue,” he told Paul during the Kentucky Republican’s appearance on CNN. “Because you know, there’s a lot of jobs at stake. Certainly if a lot of these defense contractors stop selling war planes, other sophisticated equipment to Saudi Arabia, there’s going to be a significant loss of jobs, of revenue here in the United States. That’s secondary from your standpoint?” Paul stayed on message. “Well not only is it a moral question, its a constitutional question,” Paul said. “Our founding fathers very directly and specifically did not give the president the power to go to war. They gave it to Congress. So Congress needs to step up and this is what I’m doing.” Watch the exchange:

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.

Now that one of Benjamin Netanyahu's closest confidants has turned state witness, according to Israeli media reports Wednesday, it may mark a turning point for the beleaguered prime minister facing a slew of corruption allegations that could topple him from power. The testimony by Shlomo Filber, a long-time Netanyahu aide, is the latest in a dizzying series of developments and scandals that have engulfed the prime minister, his family and his inner circle. Police would not confirm whether Filber would testify against Netanyahu, but all the major Israeli media outlets said a deal to do so had been reached. Aluf Benn, editor-in-chief of the Haaretz daily, wrote Wednesday that "these are the final days of Benjamin Netanyahu's rule" and that "Netanyahu's leadership has been dealt a harsh blow, apparently a mortal one."

Former Prime Minister Ehud Barak, a bitter rival of Netanyahu, told Channel 10 TV "there is no way back" for the premier. "This chapter in the political history of Israel is about to end," he said. Barak said he closely knows Netanyahu and believes he "understands that this is the end of the story" but will try and postpone the inevitable in different ways. Other leading Israeli columnists on Wednesday suggested that if Filber told all he knew, Netanyahu was probably more worried about avoiding prison than staying in office. "When so many dark clouds accumulate in the sky, the chances of rain increase," wrote Nahum Barnea in Yediot Ahronot. "His appearance lent the fight he is waging the dimensions of a Shakespearean tragedy. This isn't the end. It isn't even the beginning of the end. But it cannot have a different end."

Filber, the former director of the Communications Ministry under Netanyahu, is under arrest on suspicion of promoting regulation worth hundreds of millions of dollars to Israel's Bezeq telecom company. In return, Bezeq's popular news site, Walla, allegedly provided favorable coverage of Netanyahu and his family. The reports came shortly after another bombshell allegation that a different Netanyahu confidant attempted to bribe a judge in exchange for dropping a corruption case against Netanyahu's wife. Nir Hefetz, a longtime media adviser to Netanyahu and his family, remains in custody. The prime minister, who held the communications portfolio until last year, has not yet been named a suspect, though he may soon be questioned. Netanyahu has denied all the charges, calling them part of a media-orchestrated witch hunt that has swept up the police and prosecution as well, and has vowed to carry on. Still, the string of accusations appears to be taking its toll. Senior Cabinet ministers from Netanyahu's ruling Likud party, who until just recently have marched out dutifully to defend him, have largely gone silent. Netanyahu himself appeared ashen in a video released late Tuesday calling the claims "total madness."

Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings.Iran’s domestic media reported that the policy was in line with an official request by the Central Bank of Iran (CBI) and was specifically meant to address fluctuations in market rates of the dollar.IRNA news agency quoted Mehdi Kasraeipour, CBI’s director of Foreign Exchange Rules and Policies Affairs, as saying that the move had become effective from Wednesday by virtue of a letter sent to the Ministry of Industry, Mines and Trade.

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.

The messages include an exchange about preparing talking points for then-FBI Director James Comey to give to President Obama, who wanted “to know everything we’re doing.”

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.

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided to repatriate its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports in Turkey's Yeni Safak. As we reported at the time, it wouldn't be the first time Turkey has asked the NY Fed to ship the country's gold back: in recent years, Turkey repatriated 220 tons of gold from abroad, of which 28.7 tons was brought back from the US last year. And now, according to a report by the Swiss Schweiz am Wochenende, the repatriation is complete with the Turkish central bank withdrawing all of its gold reserves from the U.S. due to the "tense political situation." However, in a strange twist, instead of moving the physical gold to Istanbul as the Turkish press reported in April, the Swiss newspaper notes that around 19 tons of Turkish gold is now stored at the Basel-based Bank for International Settlements. It was not immediately clear why Turkey would shift its gold from the NY Fed to the BIS, whose historical "gold rehypothecation" tendencies have been well documented over the years. According to the latest IMF data, Turkey’s total gold reserves are estimated at 596 tons in May, up 5 tons since April, and worth just under $23 billion, rising 40% over the past year. This makes Ankara the 11th largest gold holder, behind the Netherlands and ahead of India.

President Donald Trump is being blocked from knowing he can pardon WikiLeaks founder Julian Assange in exchange for information vindicating Russia of hacking allegations, according to Republican California Rep. Dana Rohrabacher. Trump told reporters Sunday that he has “never heard” of a potential deal with Assange. “I think the president’s answer indicates that there is a wall around him that is being created by people who do not want to expose this fraud that there was collusion between our intelligence community and the leaders of the Democratic Party,” Rohrabacher told The Daily Caller Tuesday in a phone interview.

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.

RICS countries are discussing the possibility of establishing a single gold trade system, First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said Friday.

"The traditional (trade) system based in London and partially in Swiss cities is becoming less relevant as new trade hubs are emerging, first of all in India, China and South Africa. We are discussing the possibility to establish a single (system of) gold trade both within BRICS and at the level of bilateral contacts," he said, adding that this system may serve as a basis for further creation of new benchmarks. According to Shvetsov, the Bank of Russia has already signed a memorandum on development of bilateral gold trade with Chinese colleagues. The regulator plans to take first steps towards formation of a single trade system with the People’s Republic of China in 2018, he added. "We assume that trade and clearing links should be established. The point is that gold buyers should decide on the place of purchase," the official said, adding that trade links would enable market participants to make deals on international exchanges via the central counterparty.

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.