Skip to main content

Home/ Socialism and the End of the American Dream/ Group items tagged financial-solutions

Rss Feed Group items tagged

Paul Merrell

Western Sponsors Liable for Kiev Basket Case | nsnbc international - 0 views

  • The Kiev ultra rightwing regime that Washington and Brussels railroaded into power in February this year, in an illegal coup d’état, has compounded fiscal bankruptcy with a seventh-month criminal war on the ethnic Russian population of the eastern Donbass regions, prompting up to a million refugees to stream across the border with Russia. Earlier this month, the International Monetary Fund (IMF) warned that Ukraine will need to find an additional $19 billion to avoid bankruptcy if the Kiev regime continues with its military operations in the east of the country. That is on top of the $17 billion that the IMF has already committed to Kiev following the CIA-backed coup against the elected government of President Victor Yanukovych. The legality and delivery of those IMF funds are questionable given the Washington-based institute’s own prohibition on funding states that are engaged in war.
  • This is the context for why Russia was obliged to put Ukraine on a prepayment basis over gas purchases back in June. At a trilateral negotiation in Brussels on September 26, the parties appeared to reach an agreement on a winter package of gas supply to Ukraine from Russia to cover the months of October to March inclusively, which would be based on a prepayment scheme. The payment rate agreed to was $385 per 1,000 cubic metres of natural gas. Granted, that payment rate is a lot more than what Moscow was previously supplying the Yanukovych government. But that was on a preferential basis to an ally. Given that the Kiev regime ousted this ally of Moscow and has shown unprecedented hostility towards Russia ever since the coup in February it is not unreasonable that Russian state-owned Gazprom has raised the price of its gas to $385, and especially because that figure is the average price paid by all European countries for Russian gas.
  • The fact is that Ukraine owes Russia $5.3 billion in unpaid gas bills going back several years. As Western consumer societies might just appreciate, if a customer does not make good on outstanding credit for a service or goods, then the supplier of that service is entitled by law to with-hold further delivery.
  • ...5 more annotations...
  • «We are ready to pay in advance but the advance payment mechanism has not yet been squared,» the Kiev energy minister told media. Hmmm, payment mechanism has not yet been squared? That hardly sounds like an ironclad commitment to honour contracts with Russia and to make long overdue amends to outstanding debt. It sounds rather like more of the same shenanigans that typifies this warmongering junta. Russia’s energy minister Alexandr Novak is therefore not only entitled, but is merely exercising a modicum of sanity, to insist that Kiev presents a definitive source of funds by the next trilateral meeting scheduled to take place on October 29. To any reasonable person, Russia’s insistence on Kiev providing proof of ability and willingness to pay for the next delivery of natural gas is not an act of «intimidation» but rather is a basic and wholly justified reservation on the part of Moscow to make sure that it is indeed paid for a strategically vital export. One can only imagine how the US or EU would react if they were being dictated to by a hostile jumped-up regime.
  • The depth of Kiev’s insolvency is probably even worse than the IMF’s own dire forecast. Sergei Glazyev, an economic advisor to Russian President Vladimir Putin, earlier this month reckoned that Ukraine will need at least $100 billion to stabilise its economy. He says that the Kiev regime won’t be able to meet its international obligations even if all the promised financial aid from the US and the European Union is delivered, which is doubtful. «Default is inevitable,» Glazyev concludes. In this context of extreme credit unworthiness, it is not surprising therefore that Russia is insisting that the Kiev regime make prepayments for the further purchase of natural gas. Ukraine will require some 18 billion cubic metres of the fuel to see it through the bitter winter months – and all of it from Russia.
  • The September 26 agreement also stipulated that Kiev would pay off its $5.3 billion debt to Russia in roughly two equal tranches amounting to a total of $3.1 billion by the end of this year, with the first payment at the end of this month. However, on October 13, the Kiev-appointed energy minister Yuriy Prodan announced an about-turn by declaring that the regime would not be making any prepayment, and that money would be forthcoming only after delivery of Russian gas. Such a truculent attitude is by no means the first time that Kiev has vacillated on commitments, not just over gas, but also in the realm of political negotiations to find a peaceful solution to the violence in the eastern regions. In a word, the Western-backed regime in Kiev has shown itself to be unreliable to say the least, if not downright unscrupulous. That conclusion is not based on random delinquent behaviour but rather on a systematic pattern since the regime seized power. Then this week at the latest trilateral talks in Brussels, Kiev’s Prodan once again swivelled position and is now appearing to say that the regime will make good on the arrangement of prepayments.
  • What’s more, Russia’s adamant stance on gas prepayments is all the more warranted because the Western sponsors of the Kiev regime have so far shown little inclination to help it deal with its looming energy crisis.
  • Last week, Kiev put a request to the European Commission for a loan of $2.6 billion. But all that the EC would say is that it is considering the request. Yet, on the basis of no money, the EU’s energy commissioner Guenther Oettinger this week says that he expects a gas deal to be signed on October 29 between Russia and Ukraine under the auspices of Brussels. Washington is even more circumspect than Brussels on the matter of providing hard cash to Kiev, as opposed to lots of hot-air promises of nebulous aid. One gets the feeling that the Western sponsors know full well that this regime is a basket case. Nevertheless, these Western sponsors are liable for the basket case that they created. Russia is thus dead right to be sceptical and to insist: show us the colour of your money. If not, then the Western-aspiring regime should be ready to abide by its Western consumer-market principles. No money, no delivery – unless your Western daddy bails you out, which is not looking likely so far. If Ukraine comes off the rails with an energy crisis this winter, the responsibility lies with the reckless regime-hijackers in Washington and Brussels. They created this wreck, they should pay for it – not the government of Russia, which has shown incredible forbearance in spite of gratuitous insults, provocation and insolence.
Paul Merrell

Pambazuka - Egypt is calling the West's bluff over its phony war on ISIS - 1 views

  • As Egyptian President Sisi calls for more support in the fight against NATO-funded militias in Libya, the West’s refusal to back him raises the question of their ultimate aims in entering the region. The West is complicity in enabling ISIS to gain a strong foothold and further destabilise Libya, Syria and, potentially, Egypt.Western states are trumpeting ISIS as the latest threat to civilisation, claiming total commitment to their defeat, and using the group’s conquests in Syria and Iraq as a pretext for deepening their own military involvement in the Middle East. Yet as Libya seems to be following the same path as Syria – of ‘moderate’ anti-government militias backed by the West paving the way for ISIS takeover – Britain and the US seem reluctant to confront them there, immediately pouring cold water on Egyptian President Sisi’s request for an international coalition to halt their advances. By making the suggestion – and having it, predictably, spurned – Sisi is making clear Western duplicity over ISIS and the true nature of NATO policy in Libya.
  • On 29th August 2011, two months before the last vestiges of the Libyan state were destroyed and its leader executed, I was interviewed on Russia Today about the country’s future. I told the station: “There’s been a lot of talk about what will happen [in Libya after the ouster of Gaddafi] – will there be Sharia law, will there be a liberal democracy? What we have to understand is that what will replace the Libyan state won’t be any of those things. What will replace the Libyan state will be the same as what has replaced the state in Iraq and Afghanistan, which is a dysfunctional government, complete lack of security, gang warfare and civil war. And this is not a mistake from NATO. They would prefer to see failed states than states that are powerful and independent and able to challenge their hegemony. And people who are fighting for the TNC, fighting for NATO, really need to understand that this is NATO’s vision for their country.” Friends at the time told me I was being overly pessimistic and cynical. I said I hoped to God that they were right. But my experiences over a decade following the results of my own country (Britain)’s wars of aggression in places like Kosovo, Afghanistan and Iraq long after the mainstream media had lost interest, led me to believe otherwise.
  • Of course, it was not only me who was making such warnings. On March 6th 2011, several weeks before NATO began seven months of bombing, Gaddafi gave a prophetic interview with French newspaper Le Monde du Dimanche, in which he stated: “I want to make myself understood: if one threatens [Libya], if one seeks to destabilize [Libya], there will be chaos, Bin Laden, armed factions. That is what will happen. You will have immigration, thousands of people will invade Europe from Libya. And there will no longer be anyone to stop them. Bin Laden will base himself in North Africa and will leave Mullah Omar in Afghanistan and Pakistan. You will have Bin Laden at your doorstep.”
  • ...6 more annotations...
  • his is the state of affairs NATO bequeathed to Libya, reversing the country’s trajectory as a stable, prosperous pan-African state that was a leading player in the African Union, and a thorn in the side of US and British attempts to re-establish military domination. And it is not only Libya that has suffered; the power vacuum resulting from NATO’s wholesale destruction of the Libyan state apparatus has dragged the whole region into the vortex. As Brendan O Neill has shown in detail, the daily horrors being perpetrated in Mali, Nigeria and now Cameroon are all a direct result of NATO’s bloodletting, as death squads from across the entire Sahel-Sahara region have been given free reign to set up training camps and loot weapons across the giant zone of lawlessness which NATO have sculpted out of Libya.
  • The result? African states that in 2010 were forging ahead economically, greatly benefitting from Chinese infrastructure and manufacturing investment, moving away from centuries of colonial and neo-colonial dependence on extortionate Western financial institutions, have been confronted with massive new terror threats from groups such as Boko Haram, flush with new weaponry and facilities courtesy of NATO’s humanitarianism. Algeria and Egypt, too, still governed by the same independent-minded movements which overthrew European colonialism, have seen their borders destabilised, setting the stage for ongoing debilitating attacks planned and executed from NATO’s new Libyan militocracy. This is the context in which Egypt is launching the regional fightback against NATO’s destabilisation strategy.
  • Over the past year in particular, Egyptians have witnessed their Western neighbour rapidly descending down the same path of ISIS takeover as Syria. In Syria, a civil war between a Western-sponsored insurgency and an elected secular government has seen the anti-government forces rapidly fall under the sway of ISIS, as the West’s supposed ‘moderates’ in the Free Syrian Army either join forces with ISIS (impressed by their military prowess, hi-tech weaponry, and massive funding) or find themselves overrun by them. In Libya, the same pattern is quickly developing. The latest phase in the Libyan disaster began last June when the militias who dominated the previous parliament (calling themselves the ‘Libya Dawn’ coalition) lost the election and refused to accept the results, torching the country’s airport and oil storage facilities as opening salvos in an ongoing civil war between them and the newly elected parliament. Both parliaments have the allegiance of various armed factions, and have set up their own rival governments, each controlling different parts of the country. But, starting in Derna last November, areas taken by the Libya Dawn faction have begun falling to ISIS. Last weekend’s capture of Sirte was the third major town to be taken by them, and there is no sign that it will be the last. This is the role that has consistently been played by the West’s proxies across the region – paving the way and laying the ground for ISIS takeover. Egyptian President Sisi’s intervention – airstrikes against ISIS targets in Libya - aims to reverse this trajectory before it reaches Iraqi-Syrian proportions.
  • The internationally-recognised Libyan government based in Tobruk – the one appointed by the House of Representatives that won the election last summer - has welcomed the Egyptian intervention. Not only, they hope, will it help prevent ISIS takeover, but will also cement Egyptian support for their side in the ongoing civil war with ‘Libya Dawn’. Indeed, Egypt could, with some justification, claim that winning the war against ISIS requires a unified Libyan government committed to this goal, and that the Dawn’s refusal to recognise the elected parliament , not to mention their ‘ambiguous’ attitude towards ISIS, is the major obstacle to achieving such an outcome. Does this mean that the Egyptian intervention will scupper the UN’s ‘Libya dialogue’ peace talks initiative? Not necessarily; in fact it could have the opposite effect. The first two rounds of the talks were boycotted by the General National Congress (GNC) - the Libya Dawn parliament- safe in the knowledge that they would continue to receive weapons and financing from NATO partners Qatar and Turkey whilst the internationally-recognised Tobruk government remained under an international arms embargo. As the UK’s envoy to the Libya Dialogue, Jonathan Powell, noted this week, the “sine qua non for a [peace] settlement” is a “mutually hurting stalemate”. By balancing up the scales in the civil war, Egyptian support military support for the Tobruk government may show the GNC that taking the talks seriously will be more in their interests than continuation of the fight.
  • Sisi’s call for the military support of the West in his intervention has effectively been rejected, as he very likely expected it to be. A joint statement by the US and Britain and their allies on Tuesday poured cold water on the idea, and no wonder – they did not go to all the bother of turning Libya into the centre of their regional destabilisation strategy only to then try to stabilise it just when it is starting to bear fruit. However, by forcing them to come out with such a statement, Sisi has called the West’s bluff. The US and Britain claim to be committed to the destruction of ISIS, a formation which is the product of the insurgency they have sponsored in Syria for the past four years, and Sisi is asking them to put their money where their mouth is. They have refused to do so. In the end, the Egyptian resolution to the UN Security Council (UNSC) on Wednesday made no mention of calling for military intervention by other powers, and limited itself to calling for an end to the one-sided international arms embargo which prevents the arming of the elected government but does not seem to deter NATO’s regional partners from openly equipping the ‘Libya Dawn’ militias. Sisi has effectively forced the West to show its hand: their rejection of his proposal to support the intervention makes it clear to the world the two-faced nature of their supposed commitment to the destruction of ISIS.
  • There are, however, deep divisions on this issue in Europe. France is deepening its military presence in the Sahel-Sahara region, with 3000 troops based in Chad, Niger, Burkina Faso and Mali and a massive new base opened on the Libyan border in Niger last October, and would likely welcome a pretext to extend its operations to its historic protectorate in Southern Libya. Italy, likewise, is getting cold feet about the destabilisation it helped to unleash, having not only damaged a valuable trading partner, but increasingly being faced with hundreds of thousands of refugees fleeing the horror and destitution that NATO has gifted the region. But neither are likely to do anything without UNSC approval, which is likely to continue to be blocked by the US and Britain, who are more than happy to see countries like Russian-allied Egypt and Chinese-funded Nigeria weakened and their development retarded by terror bombings. Sisi’s actions will, it is hoped, not only make abundantly clear the West’s acquiescence in the horrors it has created – but also pave the way for an effective fightback against them.
  •  
    Now why would the U.S. and European powers oppose military intervention against ISIL in Libya if ISIL is in fact this force of unmitigated evil we hear about so often in American politics? Or is it a matter of who actually controls ISIL?  
Paul Merrell

Exclusive: Major nations hold talks on ending U.N. sanctions on Iran - officials | Reuters - 0 views

  • (Reuters) - Major world powers have begun talks about a United Nations Security Council resolution to lift U.N. sanctions on Iran if a nuclear agreement is struck with Tehran, a step that could make it harder for the U.S. Congress to undo a deal, Western officials said. The talks between Britain, China, France, Russia and the United States — the five permanent members of the Security Council — plus Germany and Iran, are taking place ahead of difficult negotiations that resume next week over constricting Iran's nuclear ability.Some eight U.N. resolutions - four of them imposing sanctions - ban Iran from uranium enrichment and other sensitive atomic work and bar it from buying and selling atomic technology and anything linked to ballistic missiles. There is also a U.N. arms embargo.Iran sees their removal as crucial as U.N. measures are a legal basis for more stringent U.S. and European Union measures to be enforced. The U.S. and EU often cite violations of the U.N. ban on enrichment and other sensitive nuclear work as justification for imposing additional penalties on Iran.
  • U.S. Secretary of State John Kerry told Congress on Wednesday that an Iran nuclear deal would not be legally binding, meaning future U.S. presidents could decide not to implement it. That point was emphasized in an open letter by 47 Republican senators sent on Monday to Iran's leaders asserting any deal could be discarded once President Barack Obama leaves office in January 2017.But a Security Council resolution on a nuclear deal with Iran could be legally binding, say Western diplomatic officials. That could complicate and possibly undercut future attempts by Republicans in Washington to unravel an agreement.Iran and the six powers are aiming to complete the framework of a nuclear deal by the end of March, and achieve a full agreement by June 30, to curb Iran's most sensitive nuclear activities for at least 10 years in exchange for a gradual end to all sanctions on the Islamic Republic.So far, those talks have focused on separate U.S. and European Union sanctions on Iran's energy and financial sectors, which Tehran desperately wants removed. The sanctions question is a sticking point in the talks that resume next week in Lausanne, Switzerland, between Iran and the six powers.
  • But Western officials involved in the negotiations said they are also discussing elements to include in a draft resolution for the 15-nation Security Council to begin easing U.N. nuclear-related sanctions that have been in place since December 2006."If there's a nuclear deal, and that's still a big 'if', we'll want to move quickly on the U.N. sanctions issue," an official said, requesting anonymity.The negotiations are taking place at senior foreign ministry level at the six powers and Iran, and not at the United Nations in New York.
  • ...3 more annotations...
  • A senior U.S. administration official confirmed that the discussions were underway.The official said that the Security Council had mandated the negotiations over the U.N. sanctions and therefore has to be involved. The core role in negotiations with Iran that was being played by the five permanent members meant that any understanding over U.N. sanctions would likely get endorsed by the full council, the official added.Iran rejects Western allegations it is seeking a nuclear weapons capability.Officials said a U.N. resolution could help protect any nuclear deal against attempts by Republicans in U.S. Congress to sabotage it. Since violation of U.N. demands that Iran halt enrichment provide a legal basis for sanctioning Tehran, a new resolution could make new sanction moves difficult."There is an interesting question about whether, if the Security Council endorses the deal, that stops Congress undermining the deal," a Western diplomat said.
  • Other Western officials said Republicans might be deterred from undermining any deal if the Security Council unanimously endorses it and demonstrates that the world is united in favor of a diplomatic solution to the 12-year nuclear standoff.Concerns that Republican-controlled Congress might try to derail a nuclear agreement have been fueled by the letter to Iran's leaders and a Republican invitation to Israeli Prime Minister Benjamin Netanyahu to address Congress in a March 3 speech that railed against a nuclear deal with Iran.The officials emphasized that ending all sanctions would be contingent on compliance with the terms of any deal. They added that the International Atomic Energy Agency, the Vienna-based nuclear watchdog, will play a key role in verifying Iran's compliance with any agreement.
  • Among questions facing negotiators as they seek to prepare a resolution for the Security Council is the timing and speed of lifting U.N. nuclear sanctions, including whether to present it in March if a political framework agreement is signed next week or to delay until a final deal is reached by the end-June target.
  •  
    Soundslike it's official. U.N. Security Council Resolution is the chosen route past the Israel Firsters in Congress. But notice that Reuters is saying that "Republicans" in Congress are the barrier. Is that a sign that Repubswill be painted as the bad guys here? As in Israel's wants are now a partisan issue? It's factually incorrect. Plenty of Democrats also bow toward AIPAC headquarters  five times a day while praying for Zionist campaign contributions. 
Paul Merrell

Israel Banned Renowned Doctor and Human Rights Activist Mads Gilbert from Entering Gaza... - 0 views

  • Israel has banned Norwegian doctor and human rights activist Mads Gilbert from entering Gaza for life. Gilbert, a professor at the University Hospital of North Norway, where he has worked since 1976, earned international renown for his philanthropic work in late 2008, during Israel’s Operation Cast Lead, an attack that, according to Israeli human rights organization B’Tselem, killed roughly 1,400 Gazans, including almost 800 civilians, 350 of whom were children. The aid worker, along with fellow Norwegian doctor Erik Fosse, decided to volunteer in Gaza as soon as he heard that bombing had started, on 27 December 2008. Thanks to diplomatic and economic support (in the sum of $1 million dollar of emergency funding from the Norwegian Ministry of Foreign Affairs), the two physicians managed to arrive in the strip by 30 December.
  • The Israeli government prevented all international press from entering Gaza during Cast Lead (a documentary, The War Around Us, was made about the only two foreign reporters in the strip at the time), in what Gilbert called Israel’s insidious “PR plan.” The doctor, as one of the only international aid workers in Gaza, thus devoted considerable time to speaking with local Palestinian news outlets, some of whom were reporting on behalf of foreign networks including BBC, CNN, ABC, and Al Jazeera. BBC aired an interview with Gilbert, conducted in the hospital. The questions asked, and the answers garnered, were eerily similar to those he would give just five years later, during Operation Protective Edge. The interviewer began asking him to respond to Israel’s claims that it was not targeting civilians, that it was only attacking Hamas militants. Gilbert called the claim “an absolutely stupid statement” and explained that, among the hundreds of patients he had seen at that point, only two had been fighters. The “large majority” were women, children, and men civilians. “These numbers are contradictory to everything Israel says,” he reported.
  • The doctor directed one heart-wrenching passage to President Obama, writing “Mr Obama – do you have a heart? I invite you – spend one night – just one night – with us in Shifa. I am convinced, 100 per cent, it would change history. Nobody with a heart and power could ever walk away from a night in Shifa without being determined to end the slaughter of the Palestinian people.” Israel later attacked Shifa hospital. Doctors Without Borders (MSF) “strongly condemn[ed]” the incursion, saying it “demonstrate[d] how civilians in Gaza have nowhere safe to go.” MSF director Marie-Noëlle Rodrigue stated, in an official statement, “When the Israeli army orders civilians to evacuate their houses and their neighborhoods, where is there for them to go? Gazans have no freedom of movement and cannot take refuge outside Gaza. They are effectively trapped.” Shifa was one of the over 10 medical facilities Israel bombed in its 50-day offensive.
  • ...5 more annotations...
  • Gilbert drew attention to the fact that the overflowing hospital did not have enough supplies to treat all of its patients, and censured the international community for doing nothing to assist them. Israel would not let in foreign doctors, and yet Palestinians were “dying waiting for surgery.” “This is a complete disaster,” he remarked, calling it “the worst man-made disaster” he could think of. “There are injuries you just don’t want to see in this world.” Operation Protective Edge In 2008 and 2009, Gilbert treated Palestinians who had been grievously wounded by Israel’s use of experimental and illegal chemical weapons, including white phosphorous, dense inert metal explosives (DIME) munitions, and flechette shells. In July 2014, in the midst of Israel’s most recent attack on Gaza, Gilbert spoke with Electronic Intifada, revealing that he saw indications of renewed use of DIME weapons and flechettes. While volunteering in Shifa hospital, Gaza’s principal medical facility, Gilbert penned an open letter, lamenting the unspeakable horrors the Israeli military was instigating.
  • Before Operation Protective Edge commenced in early July 2014, Gilbert toured medical and health facilities and individual homes in Gaza, researching for a United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) report on the dire state of the strip’s health sector. He wrote of “overstretched” health facilities, widespread physical and psychological trauma, “a deep financial crisis,” a lack of needed medical supplies, and a “severe energy crisis.” He also noted the “devastating results of the blockade imposed by the Government of Israel,” with rampant poverty, a 38.5% unemployment rate, food insecurity in at least 57% of households, and inadequate access to clean water. All of these already extreme ills were only exacerbated by the July-August Israeli assault on Gaza, an onslaught that left roughly 2,200 Palestinians dead, including over 1,500 civilians, more than 500 of whom were children. Gilbert is not the only one Israel has recently prevented from entering Gaza. In August, just after the end of its military assault, Israel refused to allow Amnesty International and Human Rights Watch, the world’s leading human rights organizations, from entering the strip, impeding them from conducting war crimes investigations. The organizations had been requesting access for over a month, before Israel had even begun its ground invasion of Gaza, yet were continuously prevented from doing so, Israeli journalist Amira Hass reported in Haaretz, “using various bureaucratic excuses.”
  • Other aid workers and medical professionals have faced even worse consequences for volunteering to help Palestinians. In August, Israeli occupation forces killed a social worker. In the same month, as the Israeli military engaged in a campaign to target and openly murder Palestinian civilians who spoke Hebrew, Israeli forces assassinated volunteers working with the Palestine Red Crescent, a non-profit humanitarian organization, part of the International Red Cross and Red Crescent Movement. A common myth suggests that Israel ended its occupation of Gaza with its 2005 disengagement. The state’s ability to ban, and even kill, internationally recognized human rights organizations and doctors—not to mention food,construction equipment, and medical supplies—from entering Palestinian territory, however, demonstrates that Gaza is by no means autonomous. Israel’s siege of the strip is clearly a continuation of its 47-year-long illegal military occupation. As legal scholar Noura Erakat explains
  • Despite removing 8,000 settlers and the military infrastructure that protected their illegal presence, Israel maintained effective control of the Gaza Strip and thus remains the occupying power as defined by Article 47 of the Hague Regulations. To date, Israel maintains control of the territory’s air space, territorial waters, electromagnetic sphere, population registry and the movement of all goods and people. … Palestinians have yet to experience a day of self-governance. Israel immediately imposed a siege upon the Gaza Strip when Hamas won parliamentary elections in January 2006 and tightened it severely when Hamas routed Fatah in June 2007. The siege has created a “humanitarian catastrophe” in the Gaza Strip. Inhabitants will not be able to access clean water, electricity or tend to even the most urgent medical needs. The World Health Organization explains that the Gaza Strip will be unlivable by 2020. Not only did Israel not end its occupation, it has created a situation in which Palestinians cannot survive in the long-term.
  • In a late October discussion with the Daily Targum, Gilbert encouraged Americans to do what they can to speak out against Israel’s illegal occupation and blockade of the Palestinian territories, and to pressure their government to stop its indefatigable support for Israeli crimes. At present, the US provides Israel with over 3.1$ billion of military aid per year. In the past 52 years, over $100 billion US tax dollars have been given to the country in military aid alone. “You are the change-makers,” Gilbert told American readers. “The key to the change when it comes to the occupation of Palestine lies in the United States.” “Solidarity, not pity,” he said, is the solution.
Paul Merrell

New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners | nsnbc internati... - 0 views

  • On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again.
  • It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking. Russell Napier, writing in ZeroHedge, called it “the day money died.” In any case, it may have been the day deposits died as money. Unlike coins and paper bills, which cannot be written down or given a “haircut,” says Napier, deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong.
  • Rather than reining in the massive and risky derivatives casino, the new rules prioritize the payment of banks’ derivatives obligations to each other, ahead of everyone else. That includes not only depositors, public and private, but the pension funds that are the target market for the latest bail-in play, called “bail-inable” bonds. “Bail in” has been sold as avoiding future government bailouts and eliminating too big to fail (TBTF). But it actually institutionalizes TBTF, since the big banks are kept in business by expropriating the funds of their creditors. It is a neat solution for bankers and politicians, who don’t want to have to deal with another messy banking crisis and are happy to see it disposed of by statute. But a bail-in could have worse consequences than a bailout for the public. If your taxes go up, you will probably still be able to pay the bills. If your bank account or pension gets wiped out, you could wind up in the street or sharing food with your pets.
  • ...1 more annotation...
  • In theory, US deposits under $250,000 are protected by federal deposit insurance; but deposit insurance funds in both the US and Europe are woefully underfunded, particularly when derivative claims are factored in. The problem is graphically illustrated in a chart from a March 2013 ZeroHedge post. OCC Chart (Image, upper left).
  •  
    With commercial banks overloaded by investment bank derivative debt, a bank is the very last place one should park their money. See http://tinyurl.com/3oj7vbs and http://tinyurl.com/3ovf6ze FDIC insurance is now of value only to senior debtors, not to deposit account holders.
Paul Merrell

Summit of Community of Latin America and Caribbean States (CELAC) | Informaci... - 0 views

  • Another moment that sparked controversy during the two-day summit was the break of protocol by President Ortega of Nicaragua when he allowed Puerto Rico’s pro-independence leader, Ruben Berrios, to address the forum.
  • The summit concluded with a political declaration and other resolutions, among the most notable were the repudiation to the U.S. sanctions on Venezuela, support for the return of the Malvinas islands to Argentina, and the decolonization of Puerto Rico.
  • The Political Declaration of Belen – named after Belen county, in Costa Rica, where the summit was held – includes 94 different points including a commitment to multi-lateralism, dialogue between countries, peaceful solutions to conflicts, and unconditional support for the United Nations Charter and international law. Here are 5 important events and outcomes of the regional meeting: 1. Regions commit to eradicate hunger by 2025
  • ...4 more annotations...
  • 2. Latin America and the Caribbean calls for end to U.S. meddling in member countries CELAC – created in opposition to the U.S.-dominated Organization of American States – firmly rejected U.S. sanctions against Venezuela, calling them a violation of international law and a threat to peace in the region.
  • In another knock to the interventionist attitude by U.S. policy makers, CELAC also reiterated its proclamation from its 2014 summit declaring Latin America and the Caribbean as a zone of peace. The regional bloc called on the international community to “respect this proclamation in its relations with the member states of CELAC, including the commitment to non-intervention, direct or indirect, in the internal affairs of any other state and to respect the principles of national sovereignty, equal rights, and the self-determination of peoples.” 3. CELAC calls for Obama to end U.S. Blockade on Cuba The CELAC bloc and its member states overwhelmingly backed the decision by the United States and Cuba to restore diplomatic relations and called on U.S. President Obama to end the blockade on Cuba.
  • 4. Leaders call for Puerto Rico to be included in future CELAC meetings Nicaraguan President Daniel Ortega offered his speaking time to Puerto Rican independence leader Ruben Berrios Martinez, who called on the bloc to support the island’s struggle against colonialism. Regional leaders responded with calls for independence for the island and a commitment to include representation from the island in future meetings of CELAC.
  • The bloc also approved resolutions backing Argentina’s claim to the Malvinas as well as supporting the peace process in Colombia. The special declarations also called for a new international financial structure, financing for development projects and demanded action on climate change.
Joseph Skues

How Trade Deals Boost the Top 1% and Bust the Rest | Robert Reich - 0 views

  • Suppose that by enacting a particular law we'd increase the U.S. Gross Domestic Product. But almost all that growth would go to the richest 1 percent. The rest of us could buy some products cheaper than before. But those gains would be offset by losses of jobs and wages.This is pretty much what "free trade" has brought us over the last two decades.I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.
  • The biggest things big American corporations sell overseas are ideas, designs, franchises, brands, engineering solutions, instructions, and software.Google, Apple, Uber, Facebook, Walmart, McDonalds, Microsoft, and Pfizer, for example, are making huge profits all over the world.But those profits don't depend on American labor -- apart from a tiny group of managers, designers, and researchers in the U.S.
  • According to Economic Policy Institute, the North American Free Trade Act cost U.S. workers almost 700,000 jobs, thereby pushing down American wages.
  • ...7 more annotations...
  • Korea-U.S. Free Trade Agreement, America's trade deficit with Korea has grown more than 80 percent, equivalent to a loss of more than 70,000 additional U.S. jobs.
  • The new-style global corporate agreements mainly enhance corporate and financial profits, and push down wages.
  • Trans Pacific Partnership -- the giant deal among countries responsible for 40 percent of the global economy.
  • also guard their overseas profits.
  • even more patent protection oversea
  • And it would allow them to challenge any nation's health, safety and environmental laws that stand in the way of their profits -- including our own.
  • White House strategists seem to think such corporations are accountable to the U.S. government. Wrong. At most, they're answerable to their shareholders, who demand high share prices whatever that requires.
Paul Merrell

Secret Law Isn't the Public's Fault | Just Security - 0 views

  • Officials in this administration have a funny way of blaming the victim. Did the CIA spy on Senate intelligence committee staffers who were investigating the agency’s torture program? No. OK, yes, you caught us — but the staffers were poking their nose into the CIA’s business. Are communities in some cities suffering from an uptick in crime rates? That must be because they were critical of police practices, and so the police are afraid to do their job. Are American Muslims disproportionately singled out for law enforcement scrutiny? It wouldn’t be necessary if they did a better job of identifying and rooting out the terrorists in their midst. Did a drone strike kill a 16-year-old boy who wasn’t on any target list but happened to be the son of alleged al-Qaeda operative Anwar al-Aulaqi? I guess he “should have had a more responsible father,” as then-White House press secretary Robert Gibbs helpfully explained. At the annual conference of the American Bar Association’s Standing Committee on National Security Law, officials were at it again. Both the CIA’s General Counsel, Caroline Krass, and the acting head of the Justice Department’s Office of Legal Counsel (OLC), Karl Thompson, observed that agencies are issuing fewer requests for formal OLC opinions and are seeking “informal,” unwritten advice from OLC instead. This trend undermines the public’s ability to obtain OLC opinions through FOIA requests. And, according to Krass, we have no one to blame but ourselves:
  • I do think one reason is a focus the office has gotten [in] the past 10 years or so in the public which has now led to Freedom of Information Act requests pretty much anytime the administration adopts a position in the context of domestic law or national security that could be [or] seems a little bit edgy or slightly controversial, immediately the request for the OLC opinion comes. What were we thinking? Well, we might have had in mind OLC officials’ own acknowledgment that their opinions constitute the working law of the executive branch, and are binding on agencies in the same manner that a court’s decision would be. When the public expresses interest in a controversial court opinion, that isn’t cited as a reason to move the judicial system into the shadows. To the contrary, it’s well-understood that the public has a right to know how judges are interpreting the law. That’s true regardless of whether the law deals with the rights and obligations of private parties or (as is usually the case with OLC opinions) the authorities of the government.  It’s high time we stop pretending that OLC opinions are merely attorneys’ advice, and thereby entitled to confidentiality. A private person is free to accept or reject her attorney’s advice. By contrast, as Thompson recognized, OLC opinions — even informal, unwritten ones — are “binding by custom and practice . … People are supposed to and do follow [them].” Moreover, in ordinary circumstances, it is no defense to criminal charges that the defendant’s lawyer gave bad advice. OLC opinions, on the other hand, confer effective immunity, as the Justice Department will not prosecute any official who acted in reliance on OLC’s conclusions.
  • The government nonetheless argues, and many courts have agreed, that OLC opinions are exempt from disclosure under FOIA because they are “deliberative” and “pre-decisional.” This assessment conflates two distinct decisions: the decision of an agency whether to adopt a course of conduct, and OLC’s decision regarding how to interpret the law. The latter decision may be one factor — along with other, non-legal factors, such as political viability, financial cost, and the existence of competing priorities — in the agency’s “deliberations” on the former. The agency ultimately must decide whether to move forward with a policy. But on the question of how the law should be interpreted, it is OLC, not the agency, which has the final word. If the agency were to issue a different legal interpretation, there is no question that OLC’s would take precedence, and the agency would be courting legal jeopardy by adopting a course of action in tension with OLC’s reading of the law. Perhaps the solution is simply to require the government to abide by its own characterization. If OLC opinions are to be given the status of deliberative documents and/or legal advice, so be it; but in that case, they cannot be binding on any agency or official, nor can they mitigate any official’s criminal or civil liability (unless they genuinely negate a required state of mind). If, on the other hand, the government wishes to treat OLC opinions as authoritative and a shield against prosecution or civil suit, then they must be called what they are — law — and made available to the public. Until that happens, the public will remain a victim of secret law, and there will be no one but the administration to blame.
Paul Merrell

M of A - Sistani Orders Turkey Out Of Iraq - Syria Oppo-Conference Fails - 0 views

  • After the U.S. invasion of Iraq the U.S vice consul Paul Bremer tried to install a handpicked Iraqi government.  The top Shia religious authority in Iraq, Grand Ajatollah Sistani, demanded a democratic vote. The issue was thereby decided. There was no way the U.S could have circumvented Sisitani's edict without a massive revolt by the 65% of Iraqis who are Shia and mostly follow his advice. Bremer had to fold. Now Ajatollah Sistani takes position against the Turkish invasion of Iraq: Iraq's top Shi'ite cleric, Grand Ayatollah Ali al-Sistani, called on the government on Friday to show "no tolerance" of any infringement of the country's sovereignty, after Turkey deployed heavily armed troops to northern Iraq. Sistani's spokesman, Sheikh Abdul Mehdi Karbala'i, did not explicitly name Turkey, but a row over the deployment has badly soured relations between Ankara and Baghdad, which denies having agreed to it. ... "The Iraqi government is responsible for protecting Iraq's sovereignty and must not tolerate and side that infringes upon on it, whatever the justifications and necessities," Karbalai'i said in a weekly sermon. The issue is thereby decided. Turkish troops will have to leave or will have to decisively defeat all Shia of Iraq (and Iran). If Erdogan were smart he would now order the Turkish troops stationed near Mosul to leave Iraq.
  • The Russian President Putin also increased pressure on Turkey: President Vladimir Putin on Friday ordered Russia's armed forces to act in an "extremely tough way" in Syria to protect Russian forces striking Islamic State targets there. "Any targets threatening our (military) group or land infrastructure must be immediately destroyed," Putin said, speaking at a Defence Ministry event. Note to Erdogan: Beware of funny ideas...
  • There was some Syrian opposition conference yesterday in Saudi Arabia were the Saudis tried to bribe everyone to agree on a common position. But the conference failed. Some 116 delegates took part under "international guidance" of their various sponsors. A spokesperson for the al-Qaeda aligned Ahrar al Sham, which closely cooperates with the al-Qaeda entity Jabhat al Nusra in Syria, also took part. No women were present. The conference resulted in the decision to hold another conference. The 116 delegates at the conference decided to select 33 delegates for a conference which would decide on 15 delegates to confer and maybe take part in some negotiations with the Syrian government side. The NYT's Ben Hubbard, who was there, tweeted: Ben Hubbard @NYTBen ...The meeting created yet another new opposition body, a high commission, meant to oversee negotiations. There was debate about how large it should be and what proportion should represent armed groups. Final was 32, changed after meetings to 33. Those 33 now tasked with choosing a 15 person negotiating team. So, yeah, umbrella groups making a new umbrella.
  • ...2 more annotations...
  • The political demands the conference agreed upon include non-starters for negotiations like the demand that the Syrian President Assad would leave within 6 weeks of the negotiations start. There was also this illuminating word game: Islamist delegates objected to using the word “democracy” in the final statement, so the term “democratic mechanism” was used instead, according to a member of one such group who attended the meeting. The Ahrar al-Sham delegate at the meeting signed the deal while the Ahrar al Sham bigwigs, who took not part, damned the deal and announced they were completely against it. They demand an Islamic State in Syria that would follow their militant Salafi line of believe. Hubbard again: Ben Hubbard ‏@NYTBen Re: @Ahrar_Alsham2. It's main delegate did not walk out. Before meeting ended, members not present released statement announcing withdrawal. The session's moderator said Ahrar delegate was not aware of statement by his group until later, but did sign the final communiqué. Then Ahrar members like @aleesa71 and @a_azraeel complained on Twitter, suggesting a split between military and political leaders.
  • The Saudi and Qatari Wahhabi rulers want Ahrar al Sham to be part of any future solution in Syria. They hired "western" think tanks like Brookings Doha to propagandize that Ahrar is "moderate". But Ahrar can not be "moderate" when it is fighting together with al-Qaeda and kills civilians because they are "unbelievers". It is now in an uncomfortable position. If it takes part in a peace conference with the Syrian government its Jabhat al-Nusra ally will roast it, if it doesn't take part its Saudi and Qartari financiers will fry it. Since the start of the war on Syria no unity has been achieved in the opposition of the Syrian government. The U.S., in form of the CIA head John Brennan, teamed up (again) with al-Qaeda while the State Department tried to sponsor more "moderates". The ensuing chaos continues today. To prevent further blowback from this nonsense strategy will obviously require a change towards a position that supports the Syrian government. It is doubtful that the U.S. is capable of such foresight and flexibility.
« First ‹ Previous 61 - 69 of 69
Showing 20 items per page