Skip to main content

Home/ Groups/ Socialism and the End of the American Dream
Paul Merrell

Japan readies package for Trump to help create 700,000 U.S. jobs | Reuters - 0 views

  • Japan is putting together a package it says could generate 700,000 U.S. jobs and help create a $450-billion market, to present to U.S. President Donald Trump next week, government sources familiar with the plans said. The five-part package, to be unveiled when Prime Minister Shinzo Abe visits Trump on Feb. 10 in Washington, envisage investments in infrastructure projects such as high-speed trains and cybersecurity, said the sources, who declined to be identified as they were not authorized to speak to the media. Investing in overseas infrastructure projects dovetails with a key plank in Abe’s growth strategy, which is to export "high-quality" infrastructure technology. Japan will invest 17 trillion yen ($150 billion) in public and private funds over 10 years, the sources said. That would include helping develop high-speed railways in the northeastern United States, and the states of Texas and California, and renovating subway and train cars.
  • The package also includes cooperation in global infrastructure investment, joint development of robots and artificial intelligence, and cooperation in cybersecurity and space exploration, among others. The government may tap its foreign exchange reserves account to fund part of the package, the sources said. It may also get funding from megabanks and government-affiliated financial institutions, as well as the Government Pension Investment Fund, the Asahi and other newspapers reported.
  •  
    Of course the world's largest economy is incapable of funding its own infrastructure maintenance and development.
Paul Merrell

Yair Lapid - Wikipedia - 0 views

  • Yair Lapid (Hebrew: יאיר לפיד‎‎, born 5 November 1963) is an Israeli politician, former Finance Minister and former journalist who is the Chairman of the Yesh Atid Party. He served as the Israeli Minister of Finance between 2013 and 2014. Prior to his entry into politics in 2012, he was a journalist, author, TV presenter and news anchor. The centrist Yesh Atid Party, which he founded, became the second largest party in the Knesset by winning 19 seats in its first election in 2013. The greater than anticipated results contributed to Lapid's reputation as a leading moderate. In March 2013, following his coalition agreement with Likud, Lapid was appointed as the Israeli Minister of Finance. In May 2013, Lapid ranked first on the list of the "Most Influential Jews in the World" by The Jerusalem Post
  •  
    Mentioned as possible successor to Netanyahu if the latter is removed from office because of corruption charges.
Paul Merrell

Netanyahu scandals reflect corruption at the heart of Israeli society - Mondoweiss - 0 views

  •       Israeli prime minister Benjamin Netanyahu is in danger of being brought down, possibly soon, over what initially appears to be little more than an imprudent taste for Cuban cigars and pink champagne. In truth, however, the allegations ensnaring Netanyahu reveal far more than his personal flaws or an infatuation with the high life. They shine a rare light on the corrupt nexus between Israel’s business, political and media worlds, compounded by the perverse influence of overseas Jewish money. Of the two police investigations Netanyahu faces (there are more in the wings), the one known as Case 1000, concerning gifts from businessmen worth hundreds of thousands of dollars, is most likely to lead to his downfall. But it is the second investigation, Case 2000, and the still-murky relationship between the two cases, that more fully exposes the rot at the heart of Israel’s political system. This latter case hinges on a tape recording in which Netanyahu plots with an Israeli newspaper tycoon to rig media coverage in his favor. Leads from both cases suggest that Netanyahu may have been further meddling, together with his billionaire friends, in the shadowy world of international espionage.
  • Netanyahu’s appetite for a free lunch has been common knowledge in Israel since his first term as prime minister in the late 1990s. Then, he was twice investigated for fraud, though controversially charges were not brought in either case. Police discovered along the way that he and his wife, Sara, had horded many of the gifts he received during state visits. More than 100 were never recovered. The clarifications that were issued more than 15 years ago, as a result of those investigations, make it hard for Netanyahu to claim now that he did not understand the rules. According to justice ministry advice in 2001, government and state officials cannot keep gifts worth more than $100 without risking violating Israeli law. The gifts Netanyahu received from one of the Israeli businessmen involved in Case 1000, Hollywood film producer Arnon Milchan, amounted to as much as $180,000. Netanyahu has argued that these presents, ranging from cigars to jewelry, were expressions of a close friendship rather than bribes to him in his capacity as prime minister. The problem, however, is that Netanyahu appears to have reciprocated by using his position as head of the Israeli government to lobby John Kerry, the then U.S. secretary of state, to gain Milchan a 10-year U.S. residency visa. He may have done more.
  • Also being investigated are his family’s ties to a friend of Milchan’s, Australian billionaire James Packer, who made his fortune in the media and gambling industries. Packer has similarly lavished gifts on the Netanyahu family, especially Yair, Netanyahu’s eldest son. At the same time, Packer, now a neighbor of the Netanyahus in the coastal town of Caesarea, has been seeking permanent residency and the enormous benefits that would accrue with tax status in Israel. As a non-Jew, Packer should have no hope of being awarded residency. There are suspicions that Netanyahu may have been trying to pull strings on the Australian’s behalf. Many of these gifts were apparently not given freely. The Netanyahus asked for them. Indicating that Netanyahu knew there might be legal concerns, he used code words – “leaves” for cigars and “pinks” for champagne – to disguise his orders to Milchan. Police are reported to be confident, after questioning Netanyahu three times, that they have enough evidence to indict him. If they do, Netanyahu will be under heavy pressure to resign.
  • ...5 more annotations...
  • Yossi Cohen was appointed head of the Mossad a year ago, after a government vetting committee accepted that he had no personal ties to Netanyahu. But Cohen forgot to mention that he is extremely close to Netanyahu’s high-flying friends – connections that are now under investigation. Milchan set up a global security firm in 2008 called Blue Sky International, stuffed with Israeli security veterans. Packer soon became a partner. They developed close ties to Cohen, first while he was a senior official at the Mossad and later when he headed Israel’s national security council. Before Cohen was appointed head of Mossad in December 2015, the pair had hoped to recruit him to their cyber-security operations. Cohen received several gifts from Packer, in violation of Israeli government rules, including a stay at one of his luxury hotels. A source speaking to Haaretz said Blue Sky had “more than [a] direct line” to Netanyahu. They “would pull him out from anywhere, at any time, on any occasion.” According to Haaretz’s military analyst, Amir Oren, the new disclosures raise serious questions about whether Milchan and Packer twisted Netanyahu’s arm to parachute Cohen into the post over the favored candidate. In return, Packer may have been hoping that Cohen would authorise exceptional Israeli residency for him, classifying him as a security asset.
  • From Hollywood to Mossad Cases 1000 and 2000 share at least one figure in common. Milchan gave Netanyahu extravagant gifts over many years, but he is also reported to have acted as go-between, bringing arch-enemies Netanyahu and Mozes together. Milchan has his own financial stake in the media, in his case a holding in the Channel 10 TV station. In addition, Milchan introduced Netanyahu to sympathetic businessmen, including his friend Packer, to discuss taking the ailing Yedioth media group off Mozes’ hands. Only last October he arranged for media mogul Rupert Murdoch’s son, Lachlan, to fly to Israel for one night for a secret meeting with Netanyahu. Milchan is undoubtedly at the centre of the shadowy world of power and finance that corrupts public life in Israel. Not only is Milchan a highly influential Hollywood figure, having produced more than 100 films, but he has admitted that he is a former Mossad agent. He used his Hollywood connections to help make arms deals and secure parts for Israel’s nuclear weapons program. One can only wonder whether Milchan was not effectively set up in his Hollywood career as a cover for his Mossad activities. But Milchan, it seems, is still wielding influence in Israel’s twilight world of security.
  • eyond this, one one can only speculate about how Cohen’s indebtedness to Milchan, Packer and Netanyahu might have influenced his decisions as head of the Mossad. It was only a few years ago that the former Mossad chief, Meir Dagan, was reported to have wrestled furiously with Netanyahu to stop him launching a military strike on Iran. Prosecution drags feet It is unclear for the time being whether the revelations are drawing to a close or will lead deeper into Israel’s twin netherworlds of financial corruption and security. But what has emerged so far should be enough to finish off Netanyahu as prime minister. Whether it does so may depend on the extent of Israel’s compromised legal system. Attorney general Avichai Mendelblit was appointed by Netanyahu and is a political ally. He appears to have been dragging his feet as much as possible to slow down the police investigation, if not sabotage it. But the weight of evidence is looking like it may prove too overwhelming. As political analyst Yossi Verter observed: “There’s no way that a police commissioner … appointed [by Netanyahu] and a cautious attorney general, who in the past was part of his close circle and one of his loyalists, would be putting him through the seven circles of hell if they weren’t convinced that there’s a solid basis for indictment and conviction.” The next question for Netanyahu is whether he will step down if indicted. He should, if Olmert’s example is followed. But his officials are citing a 1993 high court ruling that allows a cabinet minister under indictment to remain in office. Certainly if Netanyahu chooses to stay on, his decision would be appealed to the court again. However, the judges may be reluctant to oust a sitting prime minister. The court of public opinion is likely to be decisive in that regard. A recent poll shows few Israelis believe Netanyahu is innocent of the allegations. Some 54 per cent think he broke the law, while only 28 believe him. Opinion, however, is split evenly on whether he should resign.
  • If past experience is any measure, Netanyahu will try to turn public opinion his way by increasing friction with the Palestinians and exploiting the international arena, especially his relations with the Trump administration. He may be expected to encourage Trump at the very least to posture more stridently against Iran. Nonetheless, most observers assume Netanyahu is doomed – it is simply a matter of when. The odds are on an indictment in late spring, followed by elections in the fall, say Israeli analysts. At this stage, none of his political rivals wants to be seen stabbing Netanyahu in the back. Most are keeping quiet. But behind the scenes, political leaders are hurrying to forge new alliances and extract political concessions while Netanyahu is wounded.
  • Who might succeed Netanyahu? Yair Lapid, of the centre-right Yesh Atid, is heading the polls, but that may in part reflect the disarray in Netanyahu’s Likud party. In a sign of where the deeper currents in Israeli society are leading, a Maariv poll last week showed that settler leader Naftali Bennett would win an election if he were to head the Likud. Netanyahu now needs the help of all the powerful friends he can muster. His biggest ally, U.S. casino magnate Sheldon Adelson, may not be among them. After the revelations that Netanyahu was conspiring against him with Mozes, Adelson has cut back on Israel Hayom’s circulation and is reported to be offering less favorable coverage of the Netanyahus. That could prove the final straw, sealing Netanyahu’s fate.
Paul Merrell

Trump says 'nothing is off the table' for response to Iran - 0 views

  • President Donald Trump told reporters on Thursday said "nothing is off the table" in terms of a response to Iran's ballistic missile test.Trump made the comment in response to a question about whether he would consider military options to respond to Iran, a day after his national security adviser put Tehran on "notice."
Paul Merrell

September 2016 Deir ez-Zor air raid - Wikipedia - 0 views

  • The Deir ez-Zor airport air raid was a series of 37 U.S.-led Coalition airstrikes near the Deir ez-Zor Airport in eastern Syria on 17 September 2016,[4] lasting from 1:55 to 2:56 p.m.,[5] that killed between 90 and 106 Syrian Army soldiers and wounded 110 more. The attack triggered "a diplomatic firestorm"[6] with Russia calling a (then rare) emergency United Nations security council meeting as well as leading to the Syrian government calling off a ceasefire that had been the result of months of intense diplomatic efforts by the U.S. and Russian governments. After the cancellation of the ceasefire by the Syrian government, an aid convoy near Aleppo was attacked, which the US coalition's governments called a retaliatory attack by the Syrian and/or Russian governments (an accusation denied by both governments) and which further led to an end in U.S.-Russian bilateral peace talks on Syria. Russia used the air raid to justify enhancing it's missile air defenses in Syria and the U.S. secretary of State John Kerry would go on to claim that the break down of the ceasefire helped lead to the eventual capture of rebel-held East Aleppo by Syrian government forces. The attack also led to the Islamic State, which was besieging the Syrian-government held city of Deir ez-Zor, to capture multiple strategic points around the Deir ez-Zor airport. This resulted in war propaganda (used primarily by pro-Syrian government entities and rejected by the US) claiming that the U.S. was assisting the Islamic State in capturing Syrian government territory; propaganda that may have helped lead to the decision by Iraqi Shia militias to close off, against the wishes of the U.S. coalition in Iraq, the Islamic State's Western escape route from Mosul during the Battle of Mosul.
Paul Merrell

Judge orders halt to Trump's ban for immigrant visa holders - 0 views

  • A federal judge in Los Angeles has ordered the U.S. government to allow people holding immigrant visas from seven majority-Muslim nations into the United States despite President Trump's executive order banning them.In a temporary restraining order issued late Tuesday, Judge Andre Birotte Jr. ordered the government not to cancel any validly obtained immigrant visas or bar anyone from the seven nations holding them from entering the U.S.But it was unclear whether the order will have any effect. The State Department ordered all visas from the seven countries revoked on Friday, and the government has maintained that orders similar to Birotte's do not apply because the visas are no longer valid.The State Department declined comment Wednesday on Birotte's order, saying it does not comment on pending litigation.
  • Gartland said two major airlines have turned them down but they are trying to work with smaller airlines that will follow Birotte's order."These are all children, parents and the spouses of U.S. citizens," Goldberg told The Associated Press from the Horn of Africa nation, emphasizing that those stranded are not refugees, though Yemen is engulfed in civil war. They received visas last week, she said.
Paul Merrell

Mexican government says Donald Trump did not threaten to send troops to Mexico | The In... - 0 views

  • Mexico has denied Donald Trump threatened to send American soldiers into the country during a telephone conversation with his counterpart, President Enrique Peña Nieto. Such a threat “did not happen during that call,” the Mexican government said in a statement, released on Twitter on Wednesday night.   “I know it with absolute certainty, there was no threat,” a spokesman for Mr Peña Nieto, Eduardo Sanchez, said in a radio interview. “The things that have been said are nonsense and a downright lie.”
Paul Merrell

Donald Trump Hangs Up On Australia, Threatens to Invade Mexico | Mother Jones - 0 views

  • The AP reports on President Trump's recent phone call with Mexican president Enrique Pena Nieto: "You have a bunch of bad hombres down there," Trump told Pena Nieto, according to the excerpt given to AP. "You aren't doing enough to stop them. I think your military is scared. Our military isn't, so I just might send them down to take care of it."
Paul Merrell

China 'getting ready for war' over Donald Trump hostility, warns state media | World | ... - 0 views

  • Since taking the Oval office Trump has sparked global protests, outraged politicians and upset people over all corners of the globe.China’s state media has announced it will “step up preparedness for possible military conflict with US”Maritime security is being boosted particularly - especially since it began to look like Donald Trump will sanction an intervention in the row over the artificial islands in the South China Sea, which China stakes claim over.The billionaire businessman’s presidency has rapidly escalated chances of conflict, China has claimed, amid threats it would take a ‘war’ to take the disputed lands.The People’s Liberation Army said in a commentary on its official website last Friday, the day of Trump’s inauguration, that the chances of war have become “more real” amid a more complex security situation in Asia Pacific.An officials for the national defence mobilisation department in the Central Military Commission called for a US rebalancing of its strategy in Asia were causing problems.It said: “‘A war within the president’s term’ or ‘war breaking out tonight’ are not just slogans, they are becoming a practical reality.”
Paul Merrell

Donald Trump's closest advisor Steve Bannon thinks there will be war with China in the ... - 0 views

  • Donald Trump's closest advisor thinks that the US will be at war with China in the next few years. The far-right figure, who has been given unprecedented power in the White House and has suggested in the past that he supports white supremacy, suggested that the two countries are headed towards war over the South China Sea. “We’re going to war in the South China Sea in five to 10 years, aren’t we?” Mr Bannon said on his radio show in March 2016. “There’s no doubt about that. They’re taking their sandbars and making basically stationary aircraft carriers and putting missiles on those. They come here to the United States in front of our face — and you understand how important face is — and say it’s an ancient territorial sea.”
Paul Merrell

Israeli firm that imprisons Gaza aims to build Trump's wall with Mexico | The Electroni... - 0 views

  • A firm that has helped isolate Gaza from the outside world is hoping for a windfall building President Donald Trump’s wall on the US-Mexico border. Ironically, the firm already does a lot of business with Mexico’s own government. Shares of Israel’s Magal Security Systems, which also helped build Israel’s illegal barrier in the occupied West Bank, surged following Trump’s election victory last November. During the campaign, Magal touted its experience caging Palestinians as the ideal credentials to build the wall that Trump repeatedly promised during his campaign and which has united Mexicans in opposition. In recent decades, increasing US militarization of its southern border has torn apart communities on both sides, including indigenous communities that long predate the existence of the United States. Gaza “has become a key sales prop for Magal’s ‘smart fences,’” the financial news agency Bloomberg reported in August.
  •  
    Of course.
Paul Merrell

Afghan government 'has lost territory to the insurgency' | FDD's Long War Journal - 0 views

  • The Afghan government “has lost territory to the insurgency” and “district control continues to decline,” the Special Inspector General for Afghanistan Reconstruction (SIGAR) said in its most recent quarterly report to United States Congress. An estimated 15 percent of Afghanistan’s districts have slipped from the government’s control over that time period. The picture is more bleak than what the Obama administration and top military commanders have let on when looked at from a longer distance. According to SIGAR, the Afghan government controls or influences just 52 percent of the nation’s districts today compared to 72 percent in Nov. 2015. “SIGAR’s analysis of the most recent data provided by US Forces in Afghanistan (USFOR-A) suggests that the security situation in Afghanistan has not improved this quarter,” the watchdog group noted in its most recent assessment of the country. “The numbers of the Afghan security forces are decreasing, while both casualties and the number of districts under insurgent control or influence are increasing.”
  • “[T]he ANDSF [Afghan National Defense and Security Forces] has not yet been capable of securing all of Afghanistan and has lost territory to the insurgency,” since the last reporting period. The Afghan government has lost control of more than six percent of Afghanistan’s 407 districts since SIGAR issued its last report, on Oct. 30. According to SIGAR, the insurgency, which is overwhelmingly made up of the Taliban, now controls nine districts and influences another 32, while 133 districts are “contested.” USFOR-A defines contested districts as “having ‘negligible meaningful impact from insurgents,’ contending that neither the insurgency nor the Afghan government maintains significant control over these areas.” The names of the Taliban controlled and influenced districts, as well as those that are contested, were not disclosed by USFOR-A or SIGAR.
  • The US military justified the loss of territory by claiming the Afghan government’s “new Sustainable Security Strategy” calls for abandoning districts that are “not important.” “USFOR-A attributes the loss of government control or influence over territory to the ANDSF’s strategic approach to security prioritization, identifying the most important areas that the ANDSF must hold to prevent defeat, and focusing less on areas with less strategic importance,” SIGAR reported. “Under its new Sustainable Security Strategy, the ANDSF targets ‘disrupt’ districts for clearance operations when the opportunity arises, but will give first priority to protecting ‘hold’ and ‘fight’ districts under its control.” This strategy neglects the fact that the Taliban views rural districts or those “with less strategic importance” as critical to its insurgency. The Taliban uses theses districts to raise funds, recruit and train fighters, and launch attacks on population centers. Additionally, Taliban allies such as al Qaeda run training camps and operate bases in areas under Taliban control. This strategy was explained by Mullah Aminullah Yousuf, the Taliban’s shadow governor for Uruzgan, in April 2016. The Taliban has utilized its control of the rural districts to directly threaten major population centers. Last year, the Taliban was able to threaten five of Afghanistan’s 34 provincial capitals. The government lost control of Kunduz for more than a week last fall.
  • ...1 more annotation...
  • FDD’s Long War Journal has maintained that the US military’s assessment of the state of play in Afghanistan’s districts is flawed. Our study estimates the Taliban controls 42 Afghan districts and contests (or influences) another 55. [Note: USFOR-A’s definition of “influence” matches our definition of “contested.” The term “influenced/contested” will be used for clarity to describe these districts. LWJ does not assess districts that are defined by USFOR-A as “contested,” which means neither the Taliban or Afghan government hold sway.] The number of Taliban controlled and influenced/contested districts has risen from 70 in October 2015 to 97 this month. Districts under Taliban command are typically being administered by the group, or the group controls the district center. Additionally, districts where the district center frequently changes hands are considered Taliban-controlled. In influenced/contested districts, the Taliban dominates all of the areas of a district except the administrative center.
Paul Merrell

ECB Head Mario Draghi Admits For First Time EU May Break-Up - TruePublica - 0 views

  • Back in 2012, Mario Draghi, President of the European Central Bank, pledged to do “whatever it takes” to protect the eurozone from collapse, infamous words I’m sure he has come to regret. Draghi’s speech at an investment conference in London boosted markets at the time and forced down Spain and Italy’s borrowing costs after saying; “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.” The markets responded because they were effectively being manipulated. Known as “Outright Monetary Transactions” the scheme was to have been deployed alongside a QE programme from March 2015, itself racking up ¢80billion a month. Several trillion euros later and the EU looks as precarious as ever with growth a distant memory. In Italy, yields on bonds dropped from 6.3 per cent to 1.2 per cent after that famous speech and all seemed good – on the face of it. But deep down, it was not as we had been led to believe. Italy’s government debt grew and is now equal to 133 per cent of GDP. When Ireland imploded and had to be fully bailed out by the ECB, it’s debt pile was 132.2% of GDP.
  • With all this intervention, the ECB’s balance sheet ballooned – set to overtake the U.S. Fed Reserve and has now reached over $3trillion according to Bank of America Merrill Lynch (not to be confused with national debt). Then, totally off the mainstream media radar came news that another Italian bank had disintegrated. And while attention was focused on the rescue of Banca Monte dei Paschi di Siena, which is still not fully finalised, news came that Banca Etruria, has quietly slipped into bankruptcy. “It was announced (Dec 21st) that the first part of an investigation concerning fraudulent bankruptcy charges (at Banca Etruria), in which 21 board members are implicated, had been closed. This strand of the investigation concerns €180 million of loans offered by the bank which were never paid back, leading to the regional lender’s bankruptcy and eventual bail-in/out last November that left bondholders holding virtually worthless bonds.” Next up and out of the blue comes UniCredit, the country’s largest bank. It is seeking to raise €13bn of desperately needed capital but large as though this is, the biggest problems, according to the FT is that the smaller banks, like Banca Etruria, are now in a perilous position and on the verge of falling over the cliff edge. Italy has banks on every street corner, with more branches per capita than any other OECD country. The lack of growth (occurred since it joined the Euro), has suppressed much needed profits on the one hand whilst seeing poor wage growth on the other, causing drastically increased non-performing loans that now add up to an eye-watering €360billion.
  • The FT reports that Italian banks “have long sold their own shares and debt to their retail customers as an attractive alternative to savings products, a disgraceful practice that should never have been allowed. It means that ordinary Italians, many in retirement, have already suffered as bank shares have fallen. They will suffer much more in a bail-in.” The FT is suggesting that a full bail-in is on the cards. It is. truepublica reported back in September that banks throughout the EU would simply steal depositors money if any of them failed now that new bail-in rules had been implemented. And that is exactly what is happening. The result of all this is that Mario Draghi, clearly feeling the strain, has finally admitted defeat and said that there is a strong possibility of the EU falling apart. This time the tactic to keep unity was to threaten every country in the EU by stating that leaving the Eurozone would cost dearly and would require any member country to settle its claims or debts with the bloc’s payments system before severing ties. There’s nothing to stop a desperate member country from leaving and simply defaulting.
Paul Merrell

Suspect in Quebec Mosque Attack Quickly Depicted as a Moroccan Muslim. He's a White Nat... - 0 views

  • A mass shooting at a Quebec City mosque last night left six people dead and eight wounded. The targeted mosque, the Cultural Islamic Center of Quebec, was the same one at which a severed pig’s head was left during Ramadan last June. Canadian Prime Minister Justin Trudeau called the episode a “terrorist attack on Muslims.” Almost immediately, various news outlets and political figures depicted the shooter as Muslim. Right-wing nationalist tabloids in the U.K. instantly linked it to Islamic violence. Fox News claimed that “witnesses said at least one gunman shouted ‘Allahu akbar!’”
  • White House press secretary Sean Spicer exploited the attack to justify President Trump’s ban on immigrants from seven Muslim-majority countries. “It’s a terrible reminder of why we must remain vigilant and why the president is taking steps to be proactive rather than reactive when it comes to our nation’s safety and security,” Spicer said at this afternoon’s briefing when speaking of the Quebec City attack. But these assertions are utterly false. The suspect is neither Moroccan nor Muslim. The Moroccan individual, Mohamed Belkhadir, was actually one of the worshippers at the mosque and called 911 to summon the police, playing no role whatsoever in the shooting. The actual shooting suspect is 27-year-old Alexandre Bissonnette, a white French Canadian who is, by all appearances, a rabid anti-immigrant nationalist. A leader of a local immigration rights group, François Deschamps, told a local paper he recognized his photo as an anti-immigrant far-right “troll” who has been hostile to the group online.
  •  
    The Trump White House continues to stack up serious mistakes.
Paul Merrell

U.S. judges limit Trump immigration order; some officials ignore rulings | Reuters - 0 views

  • U.S. judges in at least five states blocked federal authorities from enforcing President Donald Trump's executive order restricting immigration from seven Muslim-majority countries.However, lawyers representing people covered by the order said some authorities were unwilling on Sunday to follow the judges' rulings.Judges in California, Massachusetts, Virginia and Washington state, each home to international airports, issued their rulings after a similar order was issued on Saturday night by U.S. District Judge Ann Donnelly in New York's Brooklyn borough.
Paul Merrell

Say Hello to China's ICBMs - 0 views

  • China's alleged deployment of a DF-41 strategic ballistic missile brigade to Heilongjiang province, bordering Russia, triggered a fascinating spectacle; how to spin – or not to spin - what necessarily represents a milestone in Russia-China's strategic partnership.The Global Times stressed Hong Kong and Taiwan media interpreted pictures of the DF-41 were taken in Heilongjiang, admitting there was no official confirmation from Beijing while hoping the "strategic edge" would soon be confirmed.
  • Russian media was way more explicit, with military analyst Konstantin Sivkov stressing that the DF-41, as positioned, would not be able to target Russia's Far East and most of Eastern Siberia; and Kremlin spokesman Dmitry Peskov noting that "if the reports prove correct, the military build-up in China is not perceived as a threat to our country."
  • The timing of the alleged deployment, with Team Trump doubling down on anti-Chinese rhetoric on their war of positioning geared to extract further trade concessions, may indeed betray a very graphic Beijing message.
  • ...3 more annotations...
  • The DF-41, a three-stage solid-propellant missile, with a range of up to 15,000 km and capable of delivering up to 10 MIRVed nuclear warheads, is one of the most sophisticated – and secret — ICBMS on earth. Virtually everything about it is classified. Positioning in Heilongjiang, near the city of Daqing, close to the Russian border, implies a huge "dead zone" around it. So call it a mix of nuclear deterrence and a "message" to the ultimate target — the West Coast of the United States. This propels the matter to an even more serious sphere than a possible upcoming crisis in the South China Sea, where the Pentagon, under the pretext of "freedom of navigation", is obsessed in maintaining "access", Trump or no Trump. If there ever were an attempted American blockade in the South China Sea, it would be easy to take out the Chinese-developed islands/islets/rocks/shoals. But far from easy to grapple with the Chinese response; submarines with "carrier killer" missiles able to take out anything the US Navy may come up with.
  • It's virtually guaranteed that an official Chinese confirmation of the DF-41 deployment will accelerate a nuclear arms race, involving all players from Russia, China and the US to India and Pakistan and even North Korea.
  • But more than this, it will be yet another lethal blow to the Beltway's master strategy – first deployed by Dr. Zbig "Grand Chessboard" Brzezinski – of trying to prevent the emergence of any peer competitor, or worse, an alliance of peer competitors such as Russia-China. Just at the start of the Trump era, the new reality could not be more striking. Not long ago, it was "say hello to Russia-China". Now it's "say hello to China's ICBMs."
Paul Merrell

Trump signs executive order to slash regulations - 0 views

  • President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced.
  •  
    Idiotic blindness, without examining the need for the repealed rules. Cluestick: most rules are adopted pursuant to an order by Congress or the Courts. Trump's order is at https://www.whitehouse.gov/the-press-office/2017/01/30/presidential-executive-order-reducing-regulation-and-controlling
Paul Merrell

Reince Priebus, chief of staff, suggests Trump could expand country list under travel b... - 0 views

  • President Trump could issue additional executive orders expanding the list of Muslim-majority countries whose people are banned from emigrating to the United States, White House Chief of Staff Reince Priebus said Sunday.Future White House executive orders could include countries such as Saudi Arabia, Pakistan, Afghanistan and Egypt being added to the list of banned countries, Mr. Priebus said during an interview on NBC’s “Meet The Press.”
Paul Merrell

Central asset bubbles, currency wars are destroying emerging markets | Sunday Guardian - 0 views

  • as the out-of-control cabal of central banks inflated grotesque asset bubbles in global property, stock, and fixed-income markets? Or are we to believe traditional media’s “fake news” mantra of “it’s different this time?” Well, bad news, folks. It’s never different, not this time, not anytime, never.  Capitalism is being destroyed The US Federal Reserve, the Bank of England, and the European Central Bank have become gargantuan, out-of-control, rogue hedge funds. They are loaded with non-elected academics operating in opaque groupthink bubble chambers, repeating the broken Keynesian economic mantra of “whatever it takes, more debt is good”. They have magicked-up 100s of trillions in debt and guarantees, while the US Federal Reserve has gobbled up over 90% of the US mortgage market. Global stock market valuations are buoyed by stock buybacks, funded by record corporate debt, and enabled by reckless central bank zero-interest-rate policies. Pay no attention to the fact that in the past few years, US stock indices have surged over 70% to new all-time highs, while profits have only risen an anaemic 2%. Today’s record amount of corporate debt is cannibalising corporations, by bringing future earnings forward, which makes future stagnation and collapse into bankruptcy a certainty. For the near term, CEOs will continue to receive record pay packets for out-performing the market, as their stock prices bubble like a rocket ship into outer space, while these actions decimate any long-term growth prospects.
  • In 2005, preceding the credit crisis and the subsequent nationwide property price collapse, US Federal Reserve chairman, Dr Ben Bernanke was asked about risks associated with a dangerous subprime housing bubble that could destabilise the economy.  Bernanke stated that “I disagree with your premise. We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilise: might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.” So, what led to history’s biggest financial crisis in 2006? Too much debt, credit, and leverage—proving that Fed Chair Ben Bernanke was dead wrong. What did we learn? Nothing, a big fat zero. In fact, property prices have recently eclipsed previous 2006 highs, bubbling to frothy new all-time highs, while real wages declined and high-paying jobs have disappeared. 
  • Real estate is an asset but not an asset class because it lacks liquidity. It takes time to sell property and the difference between what a buyer is willing to pay and what a seller is willing to sell for may be huge. For example, a buyer may be willing to pay $750,000, but the seller will only sell at $900,000. In good times, frenzied buyers create “bidding wars” on coveted properties, sometimes rocketing the price 30% above the original offer. This is terrific if you are a property owner or property seller, but not so much if you are a first-time buyer. In bad times, prices collapse and the only price a buyer is willing to pay for the $900,000 home above is $90,000. Great for buyers, but not so great for the owner, who holds a mortgage of $700,000 that must be repaid to a bank.  During these boom times, optimism bias creeps into the minds of buyers, allowing them to pay off the charts, wildly inflated, irrational prices for fear of “missing out”. Optimism bias is a cognitive bias that causes a person to (mistakenly) believe nothing negative could ever happen to them. It is a “close your eyes and buy at new all-time highs” belief system. If the prices collapse, the banks can require more capital. If you do not have more capital, the bank can take your property. If the government wants to increase your taxes, you must pay or they will confiscate your property. In fact, property confiscations are already happening in Greece and Italy.  Commercial and residential real estate are now grotesque asset bubbles ready to explode. 
Paul Merrell

Kremlin 'covered up the murder of a former KGB chief' | Daily Mail Online - 0 views

  • The Kremlin may have covered up the murder of a former KGB chief accused of helping ex-MI6 spy Christopher Steele to pull together the notorious dossier on Donald Trump.Oleg Erovinkin served as a general in the KGB and was found dead on Boxing Day in the back of his car in Moscow.It has been claimed he died of a heart attack, but an expert on Russian security threats believes he was murdered for his role in the explosive dossier.  The suspected murder victim was close to former deputy prime minister Igor Sechin, who is named throughout the leaked memo, according to the Telegraph.Erovinkin is understood to have been an important link between Sechin and leader of the Kremlin Vladimir Putin.Agent Steele's dossier, which was made public earlier this month, noted how he had a source close to Sechin.
  • He said the source had revealed alleged links between the US President's supporters and Moscow. At the time of Erovinkin's death, Russian state-run RIA Novosti news agency said his body was found in a black Lexus and that a major investigation was underway in the area. His body was sent to the morgue, which returned no cause of death, and the investigation continues. Local media reports suggested he was killed as a result of foul play, but it was later claimed he died of a heart attack. Christo Grozev, an expert on Russia-related security threats, wrote in a blog post, that he believes Erovinkin was Mr Steele's dossier source. He wrote that he has no doubt the dossier was on Putin's desk at the time the suspected victim died. 'Whichever is true,' he wrote, 'He would have had a motive to seek – and find the mole.
  • 'He would have had to conclude that Erovinkin was at least a person of interest.' The so-called dirty dossier states that in 2013 Trump hired prostitutes to urinate on the bed of the Presidential Suite at the Moscow Ritz Carlton, where he knew Barack and Michelle Obama had previously stayed.It says: 'Trump's unorthodox behavior in Russia over the years had provided the authorities there with enough embarrassing material on the now Republican presidential candidate to be able to blackmail him if they so wished.'The document states that Trump had declined 'sweetener' real estate deals in Russia that the Kremlin lined up in order to cultivate him.The business proposals were said to be 'in relation to the ongoing 2018 World Cup soccer tournament'The dossier claimed that the Russian regime had been 'cultivating, supporting and assisting Trump for at least five years'.According to the document, one source even claimed that 'the Trump operation was both supported and directed by Russian President Vladimir Putin' with the aim being to 'sow discord'.The report claims that Russian President Vladimir Putin himself had endorsed moves to encourage 'splits and divisions in the West.The dossier was handed over to the FBI in August although the information was also passed from the former MI6 agent to John McCain through an intermediary.McCain then handed the document over to FBI Director James Comey.
« First ‹ Previous 401 - 420 of 6747 Next › Last »
Showing 20 items per page