Dopey Prince @Alwaleed_Talal wants to control our U.S. politicians with daddy’s money. Can’t do it when I get elected. #Trump2016
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Leaked New York Times Gaza Memo Tells Journalists to Avoid Words “Genocide,” “Ethnic Cleansing,” and “Occupied Territory”
Leaked New York Times Gaza Memo Tells Journalists to Avoid Words “Genocide,” “Ethnic Cleansing,” and “Occupied Territory”
Amid the internal battle over the New York Times’s coverage of Israel’s war, top editors handed down a set of directives.
The New York Times instructed journalists covering Israel’s war on the Gaza Strip to restrict the use of the terms “genocide” and “ethnic cleansing” and to “avoid” using the phrase “occupied territory” when describing Palestinian land, according to a copy of an internal memo obtained by The Intercept.
The memo also instructs reporters not to use the word Palestine “except in very rare cases” and to steer clear of the term “refugee camps” to describe areas of Gaza historically settled by displaced Palestinians expelled from other parts of Palestine during previous Israeli–Arab wars. The areas are recognized by the United Nations as refugee camps and house hundreds of thousands of registered refugees.
The memo — written by Times standards editor Susan Wessling, international editor Philip Pan, and their deputies — “offers guidance about some terms and other issues we have grappled with since the start of the conflict in October.”
While the document is presented as an outline for maintaining objective journalistic principles in reporting on the Gaza war, several Times staffers told The Intercept that some of its contents show evidence of the paper’s deference to Israeli narratives.
“I think it’s the kind of thing that looks professional and logical if you have no knowledge of the historical context of the Palestinian-Israeli conflict,” said a Times newsroom source, who requested anonymity for fear of reprisal, of the Gaza memo. “But if you do know, it will be clear how apologetic it is to Israel.”
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Amid Internal Investigation Over Leaks to Media, The Centre for American Progress Fires Two Staffers
“He is a consummate team player who will raise whatever concerns he has through proper channels, but at the end of the day, he’s on board with the team.”
One of those fired, Ken Gude, was a senior national security staffer. He worked at CAP since 2003 and previously served as the progressive think tank’s chief of staff. The notion that he would have leaked the exchange just doesn’t square with his time at CAP, said one of the sources close to the situation. “Ken loves CAP and has dedicated 15 years of his life to the organization,” said the source. “He is a consummate team player who will raise whatever concerns he has through proper channels, but at the end of the day, he’s on board with the team.”
A CAP spokesperson acknowledged two employees were fired as a result of the leak investigation, but said that the leak was not the reason they were fired: “We are not going to discuss internal personnel matters, but no one was fired at CAP for leaking or whistleblowing.” Internally, however, multiple members of CAP leadership have used the leak as the leading rationale for the firings in multiple settings, sources said. Gude did not return requests for comment.
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Is This the Beginning of the End of the U.S.-Saudi Alliance?
THE DISAPPEARANCE OF Jamal Khashoggi last Tuesday is threatening to upend the terms of the decades-long alliance between the United States and Saudi Arabia. In the nine days since Khashoggi, a Saudi Arabian resident of Virginia and a Washington Post columnist, was last seen entering the Saudi consulate in Istanbul, politicians, media figures and foreign policy elites – even those who have fawned over the authoritarian Saudi Crown Prince Mohammad bin Salman — have grown increasingly critical of the U.S.-Saudi alliance.
The U.S. has long given the Saudis a blank check, politically and militarily, and there have been voices advocating for a rethinking of that decades-old relationship for nearly as long as it has lasted. But the widespread belief that the Saudis assassinated Khashoggi inside their consulate has brought those voices squarely into the center. Suddenly, the relationship between Saudi Arabia and the United States is being called into fundamental question.
President Donald Trump initially responded to questions about Khashoggi’s disappearance by saying “I don’t like hearing about it, and hopefully that will sort itself out.” But on Thursday, he began to sound much less confident in his defense of Saudi Arabia, the first foreign country he visited as president. He said that it was beginning to look as though Khashoggi, a critic of the crown prince, was indeed murdered, but worried that jobs would be at risk if arms sales to the country were halted.
In the Senate, the kingdom is starting to lose its traditional bipartisan support, with almost every member of the Foreign Relations Committee calling on Trump to investigate Khashoggi’s disappearance. The Washington Post, meanwhile, has devoted extraordinary resources, both on the reporting and editorial side, to the case of its columnist.
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The Stock Market Swings Tell You Everything You Need to Know About Our Rigged Economy
KARL MARX USED to say that unemployed people were capitalism’s reserve army. Though he didn’t invent the term, he meant that capitalism drew its strength from this army, standing at the ready to take a worker’s job if the current one didn’t like it. If unemployment levels are high enough, bosses can pay lower wages and treat workers poorly. If one of them quits, there are plenty more in reserve. But if the reserve army is depleted — if the economy is at full employment, and everybody who wants a job has one — then bosses can’t treat workers as disposable, and they can’t indulge their racism and sexism in the same way.
A boss who treats women or people of color poorly, or refuses to hire them, is at a supreme disadvantage if there’s no reserve army.
Think back to World War II, when unemployment evaporated in order to meet the demands of the war effort. Rosie the Riveter didn’t get her job as the result of a social movement on behalf of gender equity on the factory floor. She got it because factories needed bodies and had less ability to indulge their sexism. Full employment takes power out of the hands of bosses who use it to discriminate and gives power to workers to make demands — and if those demands aren’t met, they have the freedom to work elsewhere.
That theory about unemployment in a capitalist economy is relevant to how analysts are pulling apart the two-day collapse of the stock market that began Friday, and its subsequent wild swings. Market watchers have said flat-out that the crash was triggered by a new jobs report released Friday that showed that wages, nearly a decade into the recovery, might finally be starting to rise.
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Leaked Documents Expose Stunning Plan to Wage Financial War on Qatar–And Steal the World Cup
A PLAN FOR the United Arab Emirates to wage financial war against its Gulf rival Qatar was found in the task folder of an email account belonging to UAE Ambassador to the United States Yousef al-Otaiba and subsequently obtained by The Intercept.
The economic warfare involved an attack on Qatar’s currency using bond and derivatives manipulation. The plan, laid out in a slide deck provided to The Intercept through the group Global Leaks, was aimed at tanking Qatar’s economy, according to documents drawn up by a bank outlining the strategy.
The outline, prepared by Banque Havilland, a private Luxembourg-based bank owned by the family of controversial British financier David Rowland, laid out a scheme to drive down the value of Qatar’s bonds and increase the cost of insuring them, with the ultimate goal of creating a currency crisis that would drain the country’s cash reserves.
Rowland has long had close relationships with UAE leadership, particularly with Abu Dhabi Crown Prince Mohammed bin Zayed, known as MBZ. The bank is currently in the process of creating a new financial institution in cooperation with the UAE’s sovereign wealth fund, Mubadala, according to contracts and correspondence obtained by The Intercept outlining the terms of the deal. That project is separate from the Qatar operation, but it reflects the close relationship between the bank and the UAE.
The Qatar debt project would be grandiose in its ambitions. “Control the yield curve, decide the future,” reads the planning document, referring to a standard financial-industry graph showing a country’s borrowing costs for debt that is due at different dates.
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Saudi Arabia’ Government Purge–And How Washington Corruption Enabled It
Prince Alwaleed has done business with President Donald Trump in the past, but during the campaign turned into a fiery critic, drawing Trump’s Twitter ire.
The move against Alwaleed and the other officials was couched as the result of a secret investigation carried out by a “high committee on fighting corruption.” Minister of Education Dr. Ahmed bin Mohammed Al-Issa “hailed the royal decree,” according to the Saudi Press Agency, saying, “this committee heralds a future of firmness against those who are trying to to undermine the capabilities of the homeland.”
Whatever the official explanation, it is being read around the world as a power grab by the kingdom’s rising crown prince. “The sweeping campaign of arrests appears to be the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman,” as the New York Times put it. “The king had decreed the creation of a powerful new anti-corruption committee, headed by the crown prince, only hours before the committee ordered the arrests.”
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Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption
Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption
Earlier today, Ryan Grim and Paul Blumenthal published a blockbuster piece in the Huffington Post, titled: The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington.
It details the secretive world of the dark money groups representing mercenary hedge funds in their insatiable quest for more and more money. In many ways, it’s merely a microcosm of America in 2016. A culture in which ethics has become so irrelevant, it isn’t even a nuisance; it simply never factors into the equation.
The first few paragraphs set the stage perfectly:
WASHINGTON – Take Robert Shapiro.
A Harvard-trained economist, Shapiro is the head of a consulting firm called Sonecon. That business card doesn’t do it for you? He’s got a few more in his wallet:
Senior fellow at the Georgetown University School of Business.
Adviser to the International Monetary Fund.
Director of the Globalization Initiative at NDN, a progressive think tank.
Shapiro, a Democrat, has advised presidents and presidential candidates, and has held powerful government posts. It stands to reason, then, that when he has thoughts on public policy, he can find an outlet ready to publish them.
Recently, he’s had ideas on how the government can address the debt crisis in Puerto Rico and how it can end the conservatorship of Fannie Mae and Freddie Mac by moving them into the private market. Before that, he had a take on how to deal with Argentina’s debt crisis. For all three, he produced academic-looking papers, complete with footnotes and charts.
All three situations have one thing in common: If they were resolved the way Shapiro suggested, a variety of bets placed by a select group of the most politically powerful hedge funds would pay off in a huge way. In the case of Argentina, they mostly have.
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