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Monday, November 30, 2020

Israel Behind Assassination of Top Iranian Nuclear Scientist? - Global ResearchGlobal Research - Centre for Research on Globalization

Israel Behind Assassination of Top Iranian Nuclear Scientist? - Global ResearchGlobal Research - Centre for Research on Globalization: Israel’s Mossad operates like a global Mafia hit squad. On the phony pretext of protecting national security, it has a long history of assassinating Palestinians and others it wants eliminated. Former IDF chief of staff General Dan Haluts once said “(t)argeted killing is the most important method in the fight against ‘terrorism (sic).’ ” Like …

History reminds us that vaccines alone don’t end pandemics - The Washington Post

History reminds us that vaccines alone don’t end pandemics - The Washington Post: Mask wearing and social distancing will be essential, even after a vaccine is deployed.

World should thank us for killing Iran's top nuclear scientist, senior Israeli official tells NYT - Israel News - Haaretz.com

World should thank us for killing Iran's top nuclear scientist, senior Israeli official tells NYT - Israel News - Haaretz.com: Israel will keep acting against Iran's nuclear program 'as needed,' an Israeli official who was reportedly involved for years in tracking Mohsen Fakhrizadeh tells the New York Times

12 Historical figures who read 'The Imitation of Christ'

12 Historical figures who read 'The Imitation of Christ': The Imitation of Christ has had some pretty impressive followers.

Canada’s silence on the assassination of Iranian nuclear scientist is troubling — The Canada Files

Canada’s silence on the assassination of Iranian nuclear scientist is troubling — The Canada Files: Written by: Waseem Shehzad Since the assassination of Dr Mohsen Fakhrizadeh, Iran’s top scientist and physicist, on Friday November 27 outside Tehran, there has been no word of condemnation from the Canadian government. Such silence is troubling and can only be interpreted as encouraging state ter

Vaccines Are Coming, but Pandemic Experts Expect a 'Horrible' Winter - The New York Times

Vaccines Are Coming, but Pandemic Experts Expect a 'Horrible' Winter - The New York Times: With vaccines and a new administration, the pandemic will be tamed. But experts say the coming months “are going to be just horrible.”

Two years on, arrest of Huawei's Meng still tests Canada's political wisdom - Global Times

Two years on, arrest of Huawei's Meng still tests Canada's political wisdom - Global Times

World should thank us for killing Iran's top nuclear scientist, senior Israeli official tells NYT - Israel News - Haaretz.com

World should thank us for killing Iran's top nuclear scientist, senior Israeli official tells NYT - Israel News - Haaretz.com: Israel will keep acting against Iran's nuclear program 'as needed,' an Israeli official who was reportedly involved for years in tracking Mohsen Fakhrizadeh tells the New York Times

Opinion | Dear Joe, It’s Not About Iran’s Nukes Anymore - The New York Times

Opinion | Dear Joe, It’s Not About Iran’s Nukes Anymore - The New York Times: Biden wants to reinstate the nuclear deal, but first he must confront the new Middle East.

Trump Faces Critical Choice About His Political Future | National Review

Trump Faces Critical Choice About His Political Future | National Review: Trump may be forced to choose within days whether he wishes to emulate Andrew Jackson, the aggrieved victim of the crooked bargain of 1824 that denied him victory in that year’s presidential election. Jackson stormed back in 1828 to an overwhelming populist victory.

The Next National Defense Strategy - War on the Rocks

The Next National Defense Strategy - War on the Rocks: The Biden-Harris administration is inheriting a defense strategy undermined by a mix of Jacksonian populism manifest in President Donald Trump’s political

Trump Administration Moves To Bar Any Group Supporting A Boycott of Israel – JONATHAN TURLEY

Trump Administration Moves To Bar Any Group Supporting A Boycott of Israel – JONATHAN TURLEY: For years, we have discussed the effort of states to bar individuals, groups, and businesses from state contracts if they support the Boycott, Divestment, and Sanctions (BDS) movement against Israel. Other Western nations have also moved to declare BDS "hate speech." I have previously opposed such laws as unconstitutional and an attack on free speech.…

Joe Biden’s Neera Tanden Pick Is Even Worse Than You Thought

Joe Biden’s Neera Tanden Pick Is Even Worse Than You Thought: Joe Biden’s likely nominee to head the powerful Office of Management and Budget, Neera Tanden, called for cuts to Social Security, saying, “we need to put both entitlements on the table as well as taxes.”

Assassination in Iran Threatens Fate of Nuclear Deal - The New York Times

Assassination in Iran Threatens Fate of Nuclear Deal - The New York Times: The killing of Iran’s top nuclear scientist is likely to impede the country’s military ambitions. Its real purpose may have been to prevent the president-elect from resuming diplomacy with Tehran.

How Mossad assassinated Iran nuclear scientist Mohsen Fakhrizadeh | Daily Mail Online

How Mossad assassinated Iran nuclear scientist Mohsen Fakhrizadeh | Daily Mail Online: Mohsen Fakhrizadeh's murder on Friday was carried out by a team of 62 operatives, including 12 assassins sent to the city of Absard to kill the nuclear scientist, according to a report.

Two-shot covid vaccine regimens will make it harder to vaccinate Americans - The Washington Post

Two-shot covid vaccine regimens will make it harder to vaccinate Americans - The Washington Post: While routine for many illnesses, experts say two- or three-dose vaccines are unprecedented in a pandemic when 60 to 70 percent of the population must be immunized to stop the virus’s spread.

Moderna designed its coronavirus vaccine in just 2 days - Business Insider

Moderna designed its coronavirus vaccine in just 2 days - Business Insider: The biotech newcomer designed its vaccine, which is highly effective, over two days in January — before many people had heard of the coronavirus.

Can I Choose My COVID-19 Vaccine? | MedPage Today

Can I Choose My COVID-19 Vaccine? | MedPage Today: We know you've wondered

Obama's Promised Land: Come for the Droning, Stay for the Erasures | naked capitalism

Obama's Promised Land: Come for the Droning, Stay for the Erasures | naked capitalism: Cracking open Obama third autobiography

Iran Says Israel Remotely Killed Military Nuclear Scientist | Asharq AL-awsat

Iran Says Israel Remotely Killed Military Nuclear Scientist | Asharq AL-awsat: Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Overview: nuclear scientists as assassination targets - Bulletin of the Atomic Scientists

Overview: nuclear scientists as assassination targets - Bulletin of the Atomic Scientists: The disadvantages of assassinating nuclear scientists are many, including the possibility that assassinations will inspire retaliation, reduce the likelihood of a diplomatic solution, and increase the difficulties international regulators face in monitoring a covert nuclear program. In the abstract, moral and legal strictures also weigh against such assassination efforts. As a practical matter, however, if an existential imperative is present, it will likely trump legal and ethical considerations when a nation contemplates assassinating nuclear scientists.

China Complains of U.S. Harassment of Chinese Airline and Ship Crews - WSJ

China Complains of U.S. Harassment of Chinese Airline and Ship Crews - WSJ: Beijing said U.S. officials were conducting surprise raids on arriving vessels to question crews about Communist Party membership in an effort to “provoke ideological confrontation.”

Saint Andrew | Franciscan Media

Saint Andrew | Franciscan Media: November 30. Saint Andrew was Saint Peter’s brother, and was called by Jesus along with Peter. We know very little about Andrew except that he too was a fisherman, and a disciple of Saint John the Baptist.

What is Advent, and when does it start? A CNA Explainer

What is Advent, and when does it start? A CNA Explainer: Here are a few points that might help you have a great Advent this year

Nearly one-third of NY, NJ small businesses closed in 2020: report

Nearly one-third of NY, NJ small businesses closed in 2020: report: Nearly one-third of small businesses in New York and New Jersey remain closed since January amid the coronavirus pandemic, according to a watchdog.

Kentucky dioceses keep Masses open despite governor’s request – Catholic Telegraph

Kentucky dioceses keep Masses open despite governor’s request – Catholic Telegraph: The site of the official magazine of the Archdiocese of Cincinnati.

Archbishop Cordileone: New COVID church closures violate right to worship – Catholic World Report

Archbishop Cordileone: New COVID church closures violate right to worship – Catholic World Report

“Dark Winter” Was The Code Name For A Scenario In Which A Biological Weapon Was Used Against The American Populace – End Of The American Dream

“Dark Winter” Was The Code Name For A Scenario In Which A Biological Weapon Was Used Against The American Populace – End Of The American Dream: Could it be possible that the phrase "dark winter" has some sort of deeper meaning that most of us are not meant to understand? We have heard that phrase over

A political flirt: The diaries of Barack Hussein Obama | United States | Al Jazeera

A political flirt: The diaries of Barack Hussein Obama | United States | Al Jazeera: How a disappointed Obama disappointed the Muslim world.

Dean Baker - NYT Wants to Talk About Higher Wages, but Doesn’t Want to Talk About the Real Reasons Wages are Low | Brave New Europe

Dean Baker - NYT Wants to Talk About Higher Wages, but Doesn’t Want to Talk About the Real Reasons Wages are Low | Brave New Europe: Inequality is not a natural phenomenon, it is a policy. Dean Baker is a Senior Economist at the Center for Economic and Policy Research (CEPR) Cross-posted from Dean’s Beat the Press Blog It’s good to [...]

Huawei hits 5G critical mass with Germany's approval - Asia Times

Huawei hits 5G critical mass with Germany's approval - Asia Times: Germany will allow Huawei to build out part of its 5G network, the business daily Handelsblatt reported last week after viewing a new draft law that the Angela Merkel government will submit to the Bundestag next month. Japan and South Korea politely but firmly refused to exclude the Chinese telecommunications giant from their networks in October. Among the world’s major economies, only the US, UK, India and Taiwan plan to block Huawei 5G equipment. Huawei now has the inside track in the race to develop “Fourth Industrial Revolution” applications that exploit 5G capabilities, including self-programming industrial robots, remote-control mining, “smart city” traffic management, telemedicine, and pandemic control. For example, Huawei expects to add the digitized medical history and real-time health monitoring of half a billion people outside China to its Cloud-based artificial intelligence (AI) systems during the 2020s. China’s dominance in 5G, moreover, gives it a head start in developing next phase 6G broadband. The German decision not to block any particular equipment provider from its 5G buildout was widely expected after Joe Biden beat Donald Trump in the US presidential elect

Assassinations and sanctions aren’t working: Why America and Israel need a new Iran strategy - U.S. News - Haaretz.com

Assassinations and sanctions aren’t working: Why America and Israel need a new Iran strategy - U.S. News - Haaretz.com: There's a better way for Biden and Israel to contain Iran's regional meddling and its nuclear aspirations – with the added benefit of clipping the wings of an increasingly authoritarian, aggressive Turkey

Biden names Yellen, Tanden to economic team | TheHill

Biden names Yellen, Tanden to economic team | TheHill: President-elect Joe Biden on Monday announced his choices for key members of his economic team.

How a 'rapid withdrawal' from Afghanistan is logistically possible – Responsible Statecraft

How a 'rapid withdrawal' from Afghanistan is logistically possible – Responsible Statecraft: Could is not should, of course, but those who say an immediate military pull-out of Afghanistn is impossible are wrong.

The top 16 people in Congress Biden will rely on to enact an ambitious Democratic agenda - Business Insider

The top 16 people in Congress Biden will rely on to enact an ambitious Democratic agenda - Business Insider: Joe Biden will start off his first term with a vast network of Capitol Hill connections forged during his 36 years in the Senate and eight as VP.

Judge Schedules Hearing in High-Profile Georgia Election Case

Judge Schedules Hearing in High-Profile Georgia Election Case: The judge who Sunday ordered Georgia officials not to wipe or reset voting machines scheduled the next hearing ...

Once enemies, Ethiopia and Eritrea ally against Tigray | Africa | DW | 29.11.2020

Once enemies, Ethiopia and Eritrea ally against Tigray | Africa | DW | 29.11.2020: Eritrea has been involved in the Tigray crisis in Ethiopia from day one, experts have said. But even though the two countries are fighting together against a common enemy, that does not make them friends.

The Black innovators who elevated the United States: Reassessing the Golden Age of Invention

The Black innovators who elevated the United States: Reassessing the Golden Age of Invention: This report demonstrates that Black contributions to the Industrial Revolution were influenced by the disproportionate number of Black Americans who lived in the U.S. South in the late 19th and early 20th century.

Delhi, the world’s most air polluted capital fights back

Delhi, the world’s most air polluted capital fights back: Vinod Thomas and Chitranjali Tiwari offer lessons from Easy Asia for Delhi's fight against air pollution.

The Muslim world’s changing dynamics: Pakistan struggles to retain its footing

The Muslim world’s changing dynamics: Pakistan struggles to retain its footing: By James M. Dorsey Increasing strains between Pakistan and its traditional Arab allies, Saudi Arabia, and the United Arab Emirates, is a...

Iranian authorities said to have photos of assassins of leading nuclear scientist | intelNews.org

Iranian authorities said to have photos of assassins of leading nuclear scientist | intelNews.org: REPORTS IN BRITAIN AND Israel claim that Iranian authorities have visually identified the assassins who were allegedly involved in the killing of Mohsen Fakhrizadeh, a nuclear scientist believed to…

Israel has amassed 68 Palestinian bodies as bargaining chips since 2016 - Israel News - Haaretz.com

Israel has amassed 68 Palestinian bodies as bargaining chips since 2016 - Israel News - Haaretz.com: The exception was the body of Noor Shuqeir, who was shot dead on suspicion of carrying out a car-ramming attack. The body was ultimately returned to his family, indicating Israel realizes there was no foul play

Sunday, November 29, 2020

Iran parliament demands end of nuclear inspections after murder | Middle East | Al Jazeera

Iran parliament demands end of nuclear inspections after murder | Middle East | Al Jazeera: Hardliners in parliament are gearing up to revitalise Iran’s nuclear programme after scientist’s assassination.

Biden Could Score Another First at CIA - SpyTalk

Biden Could Score Another First at CIA - SpyTalk: Former DIA chief and retired Marine Corps General Vincent Stewart is in the running

A Historic Presidency – Patrick J. Buchanan – Official Website

A Historic Presidency – Patrick J. Buchanan – Official Website: Can anyone believe that Bush Republicans or the "Never-Trumpers" are the future of the party when one considers the massive and visceral reaction of millions of Trump voters even to the idea of conceding his defeat in this election? In the first two decades of the century, President-elect Joe Biden's choice for secretary of state…

Guest Post by Allan Brownfeld: THE STRANGE CASE OF JONATHAN POLLARD: PAROLE ENDS FOR A SPY FOR ISRAEL WHO WAS SURPRISINGLY Supported by many Americans.

 THE STRANGE CASE OF JONATHAN POLLARD: PAROLE ENDS FOR A SPY FOR ISRAEL WHO WAS SURPRISINGLY Supported by many Americans.
                                              BY
                          ALLAN C. BROWNFELD
——————————————————————————————————————————-
Jonathan Pollard, a former U.S. Navy analyst convicted of spying for Israel in the 1980s, had his parole ended on November 20.  Pollard, who served 30 years in prison before being released in 2015, became a hero in Israel.  The Israeli government, ironically the largest recipient of U.S. foreign aid in history, granted him citizenship in 1995.  Israeli Prime Minister Netanyahu regularly asked Presidents George W. bush, Bill Clinton and Barack Obama to release Pollard and allow him to move to Israel.  Until now, no administration was willing to do so.  

Pollard was arrested in 1985 and accused of passing secret documents to the Israeli intelligence service, including satellite photos of the Palestine Liberation Organization’s headquarters in Tunis, which Israel later used to guide  airstrikes on the Tunisian capital.  He pleaded guilty in 1987 and was sentenced to life in prison.

The scope of his espionage was so extensive that in the 1990s, then-CIA Director George Tenet threatened to resign if President Clinton released him.  It is instructive to review the scope of Pollard’s espionage, the funds he received from the Israeli government to spy upon its major benefactor, and the support Pollard has received from many American friends of Israel.  

Pollard was working as a civilian intelligence analyst for the U.S. Navy when he was recruited by the Israeli Defense Ministry in the mid-1980s.  He delivered suitcases full of military intelligence to Israel, including satellite photos  and information on Arab military systems.

Pollard claimed that the information was vital for Israel’s defense and was being withheld by Washington.  Prosecutors, however, maintained that much of the information had nothing to do with vital Israeli security interests and might have fallen into the hands of hostile nations.  They also said that Pollard was not motivated entirely by  pro-Israel sentiments , since he admitted accepting $50,000 in cash from Israel at one point.    Justice Department officials also contend that Pollard did not cooperate with the investigation, as many of his supporters claim.

So damaging to U.S. security was Pollard’s role that then-defense Secretary Caspar Weinberger told Israeli Ambassador Meir Rosenne in 1987 that Pollard should have been executed.  Joseph DiGenova, the prosecutor who handled the Pollard case, said that the damage he did to U.S. security was “beyond calculation.”

Assistant U.S. Attorney Charles Leeper declared, “The defendant has admitted that he sold Israel a volume of classified documents 10 feet by  6 feet by 6feet.”  He said that Pollard provided Israel with thousands of pages, including secret information on the location of American ships and training exercises.

The U.S. Government, at the time of Pollard’s trial, said that the damage resulting from Pollard’s spying exceeded that caused by Ronald T. Pelton, a former National Security Agency employee, who was convicted in 1986 of selling classified electronics surveillance secrets to the Soviet Union.

“Pelton compromised specific intelligence gathering methods in a specific area, and damaged the U.S. position relative to the Soviet Union,” the prosecutors said.  But they added, “Pollard compromised a breadth and volume of classified information as great as in any reported espionage case and adversely affected U.S. interests vis-a-vis numerous countries, including, potentially, the Soviet Union.”

Several U.S. intelligence analysts believe that documents stolen by Pollard were handed over to Moscow by Soviet moles within the Israeli intelligence services.

Despite all of this, the pro-Pollard movement became increasingly vocal. In 1993, a campaign to persuade President Clinton to commute Pollard’s sentence was launched.   In a full page advertisement a wide range of Jewish leaders urged President Clinton
“to demonstrate your commitment to justice by commuting Jonathan Pollard’s sentence to the time he has already served.”  Among those signing this statement were Rabbi Norman Lamm, president of Yeshiva University, Rabbi Arthur Green, president of tge Reconstructionist Rabbinical College, and Rabbi Gerald Zeller, president of the Rabbinical Assembly.

Many rabbinical organizations joined in urging a commutation of the Pollard sentence, including the Rabbinical Council of America and the New York and Chicago Boards of Rabbis.  Seymour Reich, past chairman of the Conference of Presidents of Major American Jewish organizations, said, “I urge the President to commute the sentence of Jonathan Pollard.”  The American Jewish Committee asked the President to review the case and the board of the Jewish Community Relations Council voted to approve a letter asking for clemency.  

Some of Pollard’s most vocal supporters even charge that his incarceration is somehow based on religious prejudice.  Thus, Rabbi Avi Weiss of of the Hebrew Institute of Riverdale, New York  wrote in the Los Angeles Times that Pollard “remains incarcerated because of the improprieties, prejudice,  downright anti-Israelism and elements of anti-Semitism...now he has become a political prisoner.”

While major Jewish groups in the U.S. urged Pollard’s early release, many prominent Jewish Americans sharply disagreed.  One of these was Michael Ledeen, who was a consultant to the national security adviser to the President, to the undersecretary for political affairs at the State Department and to the Secretary of Defense from 1982 to 1986.  He stated that, “American Jews who are mounting an impassioned campaign on behalf of Jonathan Pollard are making a mistake—-a big mistake.  The man deserves everything he got, and more, both for the despicable acts he committed  and for the damage he did to the American Jewish community.”

Ledeen argues that, “His oath didn’t give him the right to decide when or to whom he could divulge our secrets.  Moreover, while there is no doubt that Israel ‘ran’ Pollard, he could not have been certain that his controllers were actually who they claimed to be.  If the KGB had set out to recruit an agent like Pollard, they would most likely have pretended to be officials of the Mossad.”

Former New York City Mayor Ed Koch, who is Jewish, declared that, “There is no excuse for Pollard to accept $150,000 from Israel for spying on America and no excuse for Pollard to give Israel American codes...I think he deserved the punishment he got.”

Despite the rhetoric of Pollard’s defenders, he was never a “political prisoner.”  He was a convicted spy and there was never any evidence available , or offered by his supporters, that he was innocent.  David Geneson, a federal prosecutor and one of the team who handled the Pollard case as an assistant U.S. attorney, states that, “Not only did Pollard solicit his monthly pay and enjoy two luxurious European trips  (unrelated to his espionage activities) at the expense of his Israeli controllers , he demanded a raise from his most senior control officer while the man lay in a hospital recuperating from surgery.

Jonathan Pollard was clearly in it for the money.  But his motivation seems to have been more complicated.  He grew up in a religious Jewish family deeply committed to Zionism, to the idea, as Prime Minister Netanyahu of Israel frequently proclaims, that Israel is the “homeland” of all Jews.  Jonathan Pollard clearly was confused about where his loyalties properly belonged.  The vast majority of American Jews believe that Judaism is a religion of universal values and that religion and nationality are separate and distinct.  They understand very clearly  that their “homeland” is the United States and Judaism is their religion, just as other Americans are Catholic, Protestant or Muslim.  

Sadly, Jonathan Pollard may be viewed as a victim of this Zionist worldview and of Israel’s claim to speak for millions of men and women who are citizens of other countries.  He has paid a high price for his crime and is now in poor health, as is his wife. He can certainly be viewed as a tragic figure.  If he decides to move to Israel, that country should  not view him as a hero, which many Israelis may do.  If Israel views itself as a friend of our country, which it repeatedly proclaims, it should ask itself whether employing a spy such as Jonathan Pollard is the way friends should treat one another.
                                          ##

The Other Holy Family - The Catholic Thing

The Other Holy Family - The Catholic Thing: Joseph Wood: We are members of earth families but also of another holy family, the one that requires our decision in faith for eternity.

Nick Thomm, former producer at Ave Maria Radio, dies at 41

Nick Thomm, former producer at Ave Maria Radio, dies at 41: Catholic broadcaster dies at 41.

Are you suffering? Our Lady of Fatima has these words for you

Are you suffering? Our Lady of Fatima has these words for you: In 1917, the Virgin Mary appeared to three shepherd children near Fatima, Portugal. She spoke to them for several months, culminating in a miraculous vision seen by hundreds of witnesses. During many of the visions the Blessed Mother spoke to the children and gave them specific instructions, often encouraging them to pray. Her words were Read More…

British archaeologist confident he has found Jesus' childhood home

British archaeologist confident he has found Jesus' childhood home: Archaeologist confident he has found Holy Familys house

Quo Vadis, Argentina? - The Globalist

Quo Vadis, Argentina? - The Globalist: Why is Argentina in such a sorry state, economically, politically and socially?

The unbearable lightness of being Obama | US & Canada | Al Jazeera

The unbearable lightness of being Obama | US & Canada | Al Jazeera: The former US president lacks conviction and this is apparent in every page and chapter of his new memoir.

Killing Iran’s nuke chief may hurt Israel more than he ever did in his life - Israel News - Haaretz.com

Killing Iran’s nuke chief may hurt Israel more than he ever did in his life - Israel News - Haaretz.com: There are two possible explanations to the timing of Mohsen Fakhrizadeh’s killing. Both are tied to Biden’s inauguration on January 20, and both are extremely high-risk

Japan’s bureaucracy must be digitally bulldozed - Asia Times

Japan’s bureaucracy must be digitally bulldozed - Asia Times: In May, around the time Japan was declaring a Covid-19 state of emergency, government officials scrambled to pump as much stimulus as possible into a flatlining economy. Tokyo’s aging, creaking administrative bureaucracy had other ideas. Fully half of the funds – totaling about $2.2 trillion – that was earmarked for coronavirus aid to small companies and households sat idle. Despite expedited approval, the money was trapped in an only-in-Japan matrix of documents, required administrative stamps and demands for separate sets of original, and properly stamped, documents that went back and forth between different fiefdoms within, and across, agencies unused to coordinating crisis responses. Then, the morass of checks, balances and administrative speedbumps gravely damaged then Prime Minister Shinzo Abe’s pandemic response. Now, the cost of all this paper flying around – lost productivity, squandered talent and reduced gross domestic product – is growing as Japan suffers its deepest slowdown in six decades.

Carter Page Files $75 Million Lawsuit Against The FBI, Comey, McCabe, and Others – JONATHAN TURLEY

Carter Page Files $75 Million Lawsuit Against The FBI, Comey, McCabe, and Others – JONATHAN TURLEY: Former Trump campaign aide Carter Page on Friday has filed a $75 million lawsuit against the Federal Bureau of Investigation (FBI) and former high-ranking officials, including former FBI Director James Comey, and Andrew McCabe. The complaint includes eight claims that range from violations to the Foreign Intelligence Surveillance Act (FISA), Federal Tort Claims Act, a…

'Advent Is a Call to Hope; Faith Is a Love Story' - Pope Francis Ushers in New Liturgical Season in the Vatican (Full Homily) - ZENIT - English

'Advent Is a Call to Hope; Faith Is a Love Story' - Pope Francis Ushers in New Liturgical Season in the Vatican (Full Homily) - ZENIT - English: Day After Consistory, Calls for Simple Family Prayer Together & Increased Vigilance

Netanyahu ignores IDF generals, runs his own show

Netanyahu ignores IDF generals, runs his own show: Prime Minister Benjamin Netanyahu considers the Israel Defense Forces chief of staff as an associate of his rival Defense Minister Benny Gantz.

Mohsen Fakhrizadeh assassination: How the world reacted | Middle East | Al Jazeera

Mohsen Fakhrizadeh assassination: How the world reacted | Middle East | Al Jazeera: Turkey describes Mohsen Fakhrizadeh’s killing as ‘act of terrorism’ while EU calls it ‘criminal’ and urges ‘restraint’.

The pride of Israel: assassinations - Opinion - Haaretz.com

The pride of Israel: assassinations - Opinion - Haaretz.com: Alongside drip irrigation and cherry tomatoes, there are few areas in which Israel takes more pride than what it calls “targeted killings,” which are in fact acts of murd

First Sunday of Advent - Regina Magazine

First Sunday of Advent - Regina Magazine

Naming What We All Know — Bishop Barron’s Sunday Sermon - YouTube

Naming What We All Know — Bishop Barron’s Sunday Sermon - YouTube: Friends, Advent is when we reflect upon the arrival of our Savior who came to ransom his people. We cannot think to ourselves, “I’m basically fine, spiritual...

Saturday, November 28, 2020

Fire Homily! Don't Live the Double Standard with COVID - YouTube

Fire Homily! Don't Live the Double Standard with COVID - YouTube: Thanks for watching!The hospital mentioned in the video did correct its policy and is making sure priests are allowed in.

Designating the Houthis as Terrorists Would be a Mistake - Defense One

Designating the Houthis as Terrorists Would be a Mistake - Defense One: A proposed White House move would hinder peace talks and humanitarian efforts in Yemen.

What could Trump do to tank the economy out of vengeance? What Republicans have done for years | Salon.com

What could Trump do to tank the economy out of vengeance? What Republicans have done for years | Salon.com: Republicans have a long history of hurting the economy for political gain, though Trump may also be driven by spite

Here comes President Joebama | Spectator USA

Here comes President Joebama | Spectator USA: For now, the Joebama machine can just about brush over any party discontent. The refrain is that after Trump anything is better

Religion Is an ‘Identity,’ Not a ‘Hobby,’ New Survey Finds

Religion Is an ‘Identity,’ Not a ‘Hobby,’ New Survey Finds: The concept of religion as an identity, rather than as an activity or hobby, must seem very foreign to many public officials.

Under a Biden Administration Get Ready For Nationwide Blackouts

Under a Biden Administration Get Ready For Nationwide Blackouts: Under a Biden Administration Get Ready For Nationwide Blackouts

US-Taiwan version of Belt and Road an empty political hype - Global Times

US-Taiwan version of Belt and Road an empty political hype - Global Times

Trust Deficit Endangers Benefits from Vaccine Due Next Month

Trust Deficit Endangers Benefits from Vaccine Due Next Month: There is a trust deficit in this country, and it may kill a lot of us. We haven’t been trusting for a long time, but distrust reached its zenith during and after the recent election. The election, …

The inexorable rise of Jake Sullivan - POLITICO

The inexorable rise of Jake Sullivan - POLITICO: In his first interview as Joe Biden's national security adviser, Sullivan lays out his plans for a world transformed by the coronavirus — and Donald Trump.

Special Report: Evangelical Christianity In Crisis – End Of The American Dream

Special Report: Evangelical Christianity In Crisis – End Of The American Dream: The evangelical movement in the United States has reached a moment of reckoning. To the surprise of many readers, this is actually not an article about Donald

Nuclear scientist is assassinated inside Iran — and ‘NY Times’ ignores Israeli/Trump motive: goad Tehran into retaliating – Mondoweiss

Nuclear scientist is assassinated inside Iran — and ‘NY Times’ ignores Israeli/Trump motive: goad Tehran into retaliating – Mondoweiss: A nuclear scientist was just assassinated inside Iran, probably by Israel with Trump administration connivance — but, so far, the New York Times is distorting the news.

France Is About to Become Less Free - The Atlantic

France Is About to Become Less Free - The Atlantic: In the aftermath of recent terrorist attacks, the French government has introduced new legislation that threatens the very freedoms it vows to defend.

Khamenei Calls for 'Definitive Punishment' In Revenge For Slain Scientist | Asharq AL-awsat

Khamenei Calls for 'Definitive Punishment' In Revenge For Slain Scientist | Asharq AL-awsat: Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Why I’m Losing Hope in India

Why I’m Losing Hope in India: Empty slogans and broken promises won’t restore the country’s economic prospects, let alone enable it to catch up with China.

Killing of Iranian nuclear scientist: Rouhani blames Israel, vows to respond at 'right time' - The Washington Post

Killing of Iranian nuclear scientist: Rouhani blames Israel, vows to respond at 'right time' - The Washington Post: President Hassan Rouhani linked the killing of Mohsen Fakhrizadeh to Trump’s departure, saying “the pressure era is coming to an end.”

Russia's Sputnik V developers call on AstraZeneca to try combining vaccines | Reuters

Russia's Sputnik V developers call on AstraZeneca to try combining vaccines | Reuters: Developers of the Sputnik V COVID-19 vaccine said on Thursday that AstraZeneca should try combining its experimental shot with the Russian one to boost efficacy.

Trump might leave scorched earth on his way out. Netanyahu is happy to lend him a lighter - Israel News - Haaretz.com

Trump might leave scorched earth on his way out. Netanyahu is happy to lend him a lighter - Israel News - Haaretz.com: The president's frantic tweets after the news broke of top Iranian nuclear scientist's assassination make it clear his administration gave its blessing to the Tehran attack attributed to Israel. Could this be Trump's final frenzy?

China increases coal import quotas but Australia likely to be excluded | China | The Guardian

China increases coal import quotas but Australia likely to be excluded | China | The Guardian: China’s foreign ministry says Australia needs to show ‘mutual respect’

Friday, November 27, 2020

A growing number of Americans are going hungry - Washington Post

A growing number of Americans are going hungry - Washington Post: More Americans are going hungry now than at any point during the deadly covid-19 pandemic, according to new federal data.

Rich donors don’t make great ambassadors - The Boston Globe

Rich donors don’t make great ambassadors - The Boston Globe: Let's stop sending out unqualified diplomats just because they helped fund a president’s campaign.

Tulsi Gabbard Asks Trump to Pardon Snowden and Assange for ‘Exposing Criminality of Deep State’ - Sputnik International

Tulsi Gabbard Asks Trump to Pardon Snowden and Assange for ‘Exposing Criminality of Deep State’ - Sputnik International: On Wednesday, President Donald Trump pardoned former national security adviser Michael Flynn. Flynn had pleaded guilty in 2017 to making "false and fraudulent...

Augustine’s True Story - The Catholic Thing

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Michigan-Complaint.pdf

Michigan-Complaint.pdf

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ArabDigest.org: Aramco IPO: milestone or millstone?

 

Aramco IPO: milestone or millstone?

Summary: On 5 December 2019, Saudi Aramco’s initial public offering on the Saudi stock exchange Tadawul immediately made it the world’s largest publicly traded company but the IPO has come with a cost that is still to be reckoned with.

We are again grateful to Alastair Newton for the article below. He worked as a professional political analyst in the City of London from 2005 to 2015. Before that he spent 20 years as a career diplomat with the British Diplomatic Service.

Aramco’s guaranteed dividend to shareholders is proving to be a major millstone around the company’s neck. A year ago, as the Aramco IPO was under way, a great deal was being written about the hurdles it faced. Arab Digest (naturally) contributed its share, notably in the 7 November and 11 November newsletters. The latter focused on in the particular, i.e. yield on investment, noting the importance of the guaranteed minimum dividend of US$75bn annually for the first five years to attract non-domestic investors. This was coupled with a belief among some experts that this already impressive sum would be topped up with at least US$10bn in bonus payments — seemingly realistic at a time when Brent crude had pretty consistently topped US$60 per barrel since January 2019.

On Monday Houthi forces fired a missile that struck Saudi Aramco’s North Jeddah Bulk Plant. Saudi authorities said domestic fuel supplies were not affected by the attack, with operations resuming three hours after the event.

To be fair to the optimists, even the most cautious Cassandras did not factor in Covid-19 (even though we now know it was already ‘out there ’ a year ago) and its devastating impact on the global economy. Given this additional burden, which has pushed Brent down to no more than US$46 pb since early March (and, at times, as low as US$20 pb), Aramco deserves credit for sticking to its promised dividend payments, as set out in the press release on the company’s 2020 Q3 results.

On the face of it, this has not really helped Aramco’s share valuation, up just 0.7% on the year (i.e. about 13% above the IPO price). But compare this to the 40% fall in the value of the shares of BP and Shell, both of which have cut dividends to preserve cash, and the benefit is much clearer. (The corollary of this is, of course, that, outside of the dividend, Aramco’s share valuation, which underpins the company’s US$1.9tr valuation, looks to be far too generous.)

Furthermore, the Kingdom itself, struggling to plug a double-digit budget deficit , would be in an even deeper hole were it not for Aramco’s dividend pay outs, of which it receives the lion’s share.

But there is a non-negligible price to pay.

Most immediately — and in addition to ongoing job-shedding and other cost-cutting measures — for the first time since its successful April 2019 issuance, Aramco was forced to return to the debt market earlier this month to raise US$8bn to help pay the Q3 dividend of US$18.75bn. This was necessitated by the whopping 45% fall in profits in the quarter.

Aramco is fortunate in that the quest for yield in the current monetary climate is such that quality emerging market debt is always going to be highly sought — and interest rates on such debt commensurately affordable (in this case only slightly higher than Saudi government bonds). Nevertheless, debt is still debt and this latest issuance, coupled with the loans taken out to acquire the petrochemicals manufacturing giant SABIC, has taken Aramco’s gearing (i.e. the measure of debt relative to equity) to 21.8%, well above its 5-15% target range.

This, in turn, has longer-term consequences.

Press reporting points to a major reassessment of plans to get into refining in both China (a joint venture announced during Crown Prince Mohammed bin Salman’s visit to the country last year) and India, in partnership with Reliance. Furthermore, according to the Wall Street Journal (subscriber access only), a US$6.6bn expansion of the Motiva refinery in Texas is, at best, on hold; and a proposed natural gas collaboration with Sempra Energy in the US may fall through. Other deals, also being subjected to an internal review process launched in September, may be scaled back or scrapped despite the negative implications not only for Aramco’s long-term profits but also for the Kingdom’s standing geopolitically.

However, as always with Aramco its prospects hinge overwhelmingly on the oil price. Even a ppb for Brent of US$46 suggests that investors, buoyed by recent announcements on vaccines, believe that the end may now be in sight as far as the worst economic consequences of Covid-19 are concerned. Nevertheless, having skimmed through a range of forecasts for oil prices through 2021 (and putting to one side outliers like Goldman Sachs) things still do not look too great for Aramco on this count. Notably, the authoritative International Energy Agency currently has Brent averaging just US$46.59 in 2021, which is about par.

Personally, I am firmly in the more conservative camp. For sure, the recent news on vaccine development is very encouraging. But there is still a long way to go on production and distribution, not least determining who is going to pay for mass vaccination in developing countries, as German Chancellor Angela Merkel remarked at the recent G20 summit.

As for the world’s biggest economy and oil consumer, the United States, job losses are already surging again and it is patently clear that nothing is going to change policy-wise this side of 20 January — with the possible exception of Congress passing a (too?) modest fiscal stimulus bill. And when Joe Biden is sworn into office, he will face major hurdles getting Covid-19 under control and the economy back on track, even putting to one side the non-negligible probability that a critical mass of Americans will refuse to be vaccinated. Furthermore, although the roll-out of Mr Biden’s climate agenda will also face domestic challenges and will not by any means be a rapid game-changer, the mere fact of the world’s four largest economies - China, the EU, Japan and the US - being politically aligned on this issue does highlight the relevance of the peak oil demand question explored (again) in the 28 September newsletter.

All this being said — and for all its perceived flaws at the time — the Aramco IPO was undoubtedly a milestone, both for the company and for Saudi Arabia at large. However, the guaranteed dividend incentive looks, if anything, to be even more of a millstone around the company’s neck than was the case at the IPO launch a year ago. And one which is not going away any time soon.


Members can leave comments about this newsletter on the Today's Newsletter page of the Arab Digest website

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Fr. Dominic's Message

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Fr. Warren's Week Reflection 34th Sunday - Christ the King

 


FRANCISCAN FRIARS of the ATONEMENT - SERVING OTHERS FOR OVER 120 YEARS
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FRANCISCAN FRIARS of the ATONEMENT - SERVING OTHERS FOR OVER 120 YEARS - THIS WEEK'S REFLECTION from Fr. Bob Warren, SA
For your convenience you can now listen to Fr. Bob’s reflection, click here.
34th Sunday – Christ the King
A young child climbed to the top of a large tree. His mother, worried, called out to him, “What are you doing?” “Nothing,” the boy replied. “Well, then, get down here,” his mother answered in an angry tone. The child was confused. “Why should I get into trouble for doing nothing?” he wondered.
Today’s Gospel tells us that much of the time we get into trouble for doing nothing.
I was hungry, and you gave Me no food…. I was thirsty, and you gave Me no water…. I was away from home, and you gave Me no welcome…. Naked, and you gave Me no clothing. I was ill, and in prison, and you did not come and comfort Me. In other words, in all of these cases, nothing was done.
Of course we sin when we do wrong things: stealing, lying, etc. But so often we overlook the possibility of sinning by not doing.
The Gospel calls our attention to the judgment all of us will face. It is wholly contingent upon whether one has responded humanely to the needs of the marginalized, the nameless, the homeless, and those that society looks down upon. You do not define neighbor by race or religion. Neighbor is a four-letter-word…. Need.
We have our modern day outcasts, often ostracized from human society, separated from their families and even, at times, from our churches; the mentally ill who are prematurely released from hospitals, and the substance abusers, unable to obtain treatment.
Then we have the runaways who sleep on our streets every night. Add to them some of our elderly, for whom a nursing home is hardly a home, who watch and wait for a son, a daughter, a relative or friend, anyone to spend an hour with them.
There are many people in our world who need us. Maybe we can update the list a little. Like, I was being picked on or gossiped about, and you did nothing to defend me. I was headed for disaster by my bad decisions, and you simply laughed at my destructive behavior. I was discouraged, and you thought “Oh well, he’ll get over it.” What are you doing? Nothing!
St. Theresa of Avila, a great mystic and doctor of the church, wrote after 20 years of being a nun, “Christ has no body on earth but yours. No hands, but yours. No feet, but yours. Yours are the eyes through which He is to look out at the world. Yours are the hands He must use to bless.”
St. Theresa understood that if the hungry, thirsty, homeless and sick are to be cared for, if Christ’s mission is to be sustained and continued, then it is to be done by us, His followers. He made enemies of the powerful because He put compassion above tradition, love above law, and people above things and institutions.
In her book, “Out of Africa,” Karen von Blixen writing as Isak Dinesen tells the story of a young man who came to work for her. She employed many people on her farm. He worked out very well, and was a good manager. After a year he suddenly announced that he was going to leave. He said, “I wanted to work for a Christian for a year, to see how they treated their workers. Now I will work for a Muslim. I want to compare both of these faiths to see which one to follow.”
What would this young man choose if he lived among us? When we thought he was not looking, what would he think of what we did and how we acted? Or how we treated each other?
My friend, it is not for me to tell any of you how you should fit into today’s Gospel. I do, however, urge you to take time and listen to what God might be saying to you, might be asking you.
Perhaps He is saying to some of us, “Live simply so that others may simply live, especially those who experience far more of Christ’s crucifixion than His resurrection.”
In a short while I will read the preface of Christ the King. It tells us that His kingdom on earth is to be a kingdom of truth and life, a kingdom of holiness and grace, a kingdom of justice, love and peace.
We ask ourselves, is this the kingdom we experience every day? If not, why not? Perhaps we need to recall from time to time the words we began this mass with; “Forgive us for those things we have done, and for those things we have failed to do.”
When we stand before the Lord and He asks us, what did we do to bring about His kingdom on earth, make sure the answer is not, “Nothing.”
P.S. Request the Weekly Advent Devotional Series now, they will feed your spirit and nourish your soul, allowing you to engage more deeply with the Word of God shared in Mass. I will be sending my reflection each Sunday, beginning on the First Sunday of Advent, November 29th, and ending with a Christmas blessing. I do hope that my words provide you with encouragement and remind you of God’s love that is present in all of our lives. I look forward to sharing this with you this Advent season.
Fr. Robert Warren, S.A.
Yours in Christ,
Fr. Robert Warren, S.A. Signature
Fr. Bob Warren, SA
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