Wirth explained the SPR should be refilled regularly to maintain adequate reserves at reasonable levels while limiting volatility in price. He said Biden's communication to the oil industry about a minimum price floor at which the US government will purchase crude provides no "meaningful" incentive for oil companies to ramp up production.
The chief executive continued to say if companies operated this way, their trading desks could easily hedge the price of crude in markets themselves, adding the SPR is currently "at a level where we wouldn't want to see it go any lower."
Farm murders are on the rise in South Africa as the South Afrrican government walks out on a conference of the UN Forum for Minority Affairs. AfriForum spokesman Ernst Roets called the South African government “the most racist government in the world.”
Amid years of scandals, mismanagement, mammoth asset outflows, and the current dilution from a vital capital raise that is under way, Credit Suisse shares have plunged for 13 straight days (the longest losing streak in the bank's history) to a new record low, just a few percent above the price of 2.52 francs for the 4 billion Swiss Franc subscription rights that the bank offered existing investors.
Recently-returned Disney CEO Bob Iger says he's "sorry" to see the company getting dragged into an ideological battle with Florida lawmakers over a ban on the discussion of sex and gender in early elementary classrooms.
The Florida law, which progressive critics described as the "Don't say gay" bill, was passed in response to complaints from parents that children as young as five-years-old are being taught about transgenderism, homosexuality, and other sexual and gender topics - and prohibits teachers from discussing said topics with students in Kindergarten through 3rd grade.
While Disney didn't immediately join other major corporations in condemning the bill, which was passed in March, however a group of activist employees lashed out at the company for not taking a public position - after with both Iger and his successor, Bob Chapek, spoke out.
"To me, it wasn’t politics. It was what is right and what is wrong, and that just seemed wrong. It seemed potentially harmful to kids," said Iger in a March 31 CNN interview, adding that he thought it was the responsibility of a CEO to "weigh in on issues, even if voicing an opinion on those issues potentially puts some of your business in danger."
In a Nov. 30 Twitter post, crypto attorney Jeremy Hogan, partner at Hogan & Hogan, said that the “light cross-examination” of Bankman-Fried at the DealBook Summit has already returned “at least 3 incriminating statements so far.”
Dr. Masanori Fukushima, Professor Emeritus at Kyoto University, has a very bleak warning about the COVID-19 injections, that are being mislabeled as “vaccines.” “Given the wide range of adverse events, billions of lives could ultimately be in danger,” said Dr. Fukushima.
“You spend trillions of yen importing and inciting the population [to have it] … In professional magazines, the misunderstanding has come to light, and now it is understood how dangerous it is” he said at a press conference for bereaved families. “Vaccine damage is now a global problem,” he added.
Americans’ trust and confidence in the military increased slightly over the past year, but remains near a five-year low, according to a new survey by the Ronald Reagan Institute.
Conducted in early November after the U.S. midterm elections, the study found that 48 percent of the American public trusts and has confidence in the military, up from 45 percent last year but way down from 70 percent in 2018.
“No other public institution has seen this stark of a decline as we have seen for the U.S. military,” said Rachel Hoff, the institute’s policy director. “I'll note that it does still rank at the top of the list of the institutions we poll.”
Why the decline? The perceived over-politicization of military leaders was cited by 62 percent of respondents as the top reason for their decline in confidence. And 59 percent cited “the performance and competence of presidents, as the Commander-In-Chief.”
NATO has doubled down on its determination to eventually add Ukraine to its membership, renewing its 2008 commitment to that goal in a meeting between the foreign ministers of the alliance in Bucharest, Romania this past Tuesday.
The Romanian city was where NATO initially made the promise to Ukraine back in 2008, and at the time, US officials acknowledged that attempting to bring the country into the alliance could spark a war in the region.
“We made the decision in Bucharest in 2008 at the summit,” NATO Secretary-General Jens Stoltenberg said on Tuesday. “I was there … representing Norway as Prime Minister. I remember very well the decisions. We stand by those decisions. NATO’s door is open.”
Prime minister-designate Benjamin Netanyahu granted far-right leader Bezalel Smotrich extensive powers over Israeli settlements and Palestinian construction in the West Bank as part of a coalition deal signed on Thursday between Smotrich’s Religious Zionism party and Netanyahu’s Likud.
Under the agreement, authority over the settlement and open lands divisions in the powerful Civil Administration and Coordinator for Government Activities in the Territories (COGAT) unit will be handed to a Religious Zionism minister based in the Defense Ministry, a spokesperson for the party confirmed.
Channel 12 reported that this minister will likely be Smotrich himself, who will also be taking over the Treasury under the agreement, though the party said that has yet to be finalized.
French President Emmanuel Macron snatched an unexpected win from his U.S counterpart during a visit to Washington on Thursday, getting Joe Biden to suggest that European companies could benefit from a controversial American subsidies package.
Fury has been boiling over in Europe after it became clear that Biden's Inflation Reduction Act — a $369 billion package for green industry — could drain investment out of the EU and into the U.S. Big car-making nations like France and Germany had complained that the U.S. law was potentially illegal for discriminating against foreign companies in the electric vehicle sector and encouraging consumers to "Buy American."
Macron’s visit to the U.S. had been trailed as a doomed last-ditch effort to secure a truce over Washington's largesse before the EU and U.S. would lurch into a subsidy race or full-blown trade war with countervailing tariffs.
A coalition of Palestine advocacy groups has launched a renewed effort to free members of the Holy Land Five, a group of Palestinian men imprisoned fourteen years ago for allegedly funding terrorism through their charity.
The new campaign was ignited by Within Our Lifetime, the Coalition for Civil Freedoms, and the Samidoun Prisoner Network, but dozens of human rights organizations have joined the call including Palestinian Youth Movement, CUNY Law Students for Justice in Palestine, and the Canadian BDS Coalition.
“It is time to act,” said the Samidoun Prisoner Network in a statement. “These three men remain behind bars, locked away from their communities and loving families, and we demand their freedom, alongside the freedom of all Palestinian prisoners. Like the prisoners of the Black Liberation Movement, Leonard Peltier, Alex Saab and others, the Holy Land 5 are political prisoners of U.S. imperialism.”
Palestinian human rights lawyer Salah Hammouri, who is currently imprisoned by Israel, has been ordered by the Israeli state to be deported on December 4th, following the revocation of his Jerusalem residency status.
Last year the Israeli government revoked the Jerusalem residency of Hammouri, a dual Palestinian-French citizen who was born in Jerusalem, on the basis of “breach of allegiance” to the state. The decision comes after an Israeli Supreme Court ruling back in July that allowed for stripping citizenship or Jerusalem residency status from those found in “breach of loyalty” to the state.
From the door of a half-empty kebab restaurant in the southern Turkish town of Karkamis can be seen a gaping hole in the ground. It’s a reminder to the customers here, and all the town’s residents, of the danger they faced and continue to face.
One man walked through that door grumbling about his daughter, mixing Kurdish words with his Turkish ones in a heavily accented voice.
“She is still in fear, doesn’t leave her mother for a moment,” he said to the owner.
“This restaurant should have been full now. But people are afraid to go outside. The rocket, you know, landed over there,” he told Middle East Eye.
Ten days ago, rockets slammed into this community, killing three people, including a teacher and a child. It was part of escalating violence between Turkey and Syrian Kurdish groups, sparked by a bombing in Istanbul and likely to end in a full-scale Turkish ground offensive in northern Syria.
Russia deployed troop reinforcements Wednesday to an area of northern Syria controlled by Kurdish fighters and government troops, residents and a war monitor said, amid fears of a Turkish ground incursion.
Israel is considering blocking entry to Francesca Albanese, the United Nations Special Rapporteur on the Situation of Human Rights in the Palestinian Territory occupied since 1967, Israeli media reported.
Albanese, who is planning on visiting Palestine in the coming days, was accused of taking part in an online conference in Gaza last week, which allegedly included members of the Palestinian political groups Hamas and Islamic Jihad.
Israeli newspaper Israel National News reported that Albanese is “guilty of making several anti-Israel remarks, including a few new ones which we’re (sic) addressed to Hamas and Islamic Jihad officials who participated in a conference in Gaza last week.”
The conference, entitled, ’16 Years of Siege on Gaza: Impacts and Prospects’, aimed to “shed light on the repercussions of the siege on Gaza” and was organized by the Council on International Relations-Palestine.
A recent blast hit the center of Istanbul resulting in several casualties. The Turkish authorities were very quick to announce the identity of the suicide person: A Kurdish woman in close relation with the Kurdistan Workers Party. Nevertheless, this terror act in Istanbul, followed by a new Turkish military intervention (aggression) in North Syria, once again opened the “Kurdish Question” which is in direct connection with the question of Kurdistan’s independence and terrorism as the political instrument in the realization of the national projects and ultimate goals.
The role of Russia in solving the “Kurdish Question” in the Middle East can be of crucial importance and a double-fold nature:
1. To openly support minority rights of the Kurds for self-determination including and a right for the national-state independence according to, for instance, the US’s policy-pattern upon Kosovo case; and
2. To provide by all means hidden support to the Kurdish freedom-struggle terrorism in Turkey as a matter of revenge for both Turkey’s direct support of the Chechen separatist rebels in the 1990s on Russia’s territory and for the Turkish bastard-style crashing the Russian military plane in 2015.
According to the Saudi Press Agency (SPA), on 1 December, Saudi Arabia’s General Authority and defense ministry signed an agreement with Spanish-based company Navantia to construct numerous combat ships for the Saudi Naval Forces.
Saudi Defense Minister Khaled bin Salman signed the agreement with the Spanish Minister of Industry María Reyes Maroto to bolster Riyadh’s defense ministry.
“This MoU represents the latest effort to fulfill the vision of HRH the Crown Prince and Prime Minister to localize our military industry and empower and strengthen the capabilities of the ministry of defense, which will help provide security for our country and region,” Salman said.
The military deal aims to support Riyadh’s Naval forces in boosting maritime security.
Navantia claims it will localize 100 percent of the ship construction, integrate combat systems, and cover maintenance.