Showing posts with label 2020. Show all posts
Showing posts with label 2020. Show all posts

Saturday, October 24, 2020

BBC Plans to Attack Journalists Who Exposed the White Helmets

© Getty Images / White Helmets /Handout/Anadolu Agency 179 

BBC's upcoming White Helmets ‘documentary’ gears up to be a character assassination of those who challenge Syria war narratives

By: Vanessa Beeley
Source: RT News

Vanessa Beeley - is an independent journalist and photographer who has worked extensively in the Middle East – on the ground in Syria, Egypt, Iraq and Palestine, while also covering the conflict in Yemen since 2015. Follow her on Twitter @VanessaBeeley

The BBC is preparing an attack against journalists, former diplomats, academics and scientists who challenge the dominant pro-war narratives against Syria underpinned by the pseudo-humanitarian White Helmets.

The British public broadcaster has sent out requests for comments to those who have dared to expose the role the UK government and its intelligence agencies have played in the destabilization of Syria, which look more like neo-McCarthyist charge sheets. The producer of an upcoming Radio 4 documentary series had been in email and telephone conversation with the author of this article, as well as Peter Ford, former UK ambassador to Syria, and members of the Working Group on Syria, Media and Propaganda (WGSMP) since June 2020. The result of those conversations, during which the evidence emanating from serious scientific research and on-the-ground testimony was presented to the producer, was a familiar list of accusations of “conspiracy theorism” and suggestions of “incentivized” Russian or Syrian bias.

Fellow independent journalist Eva Bartlett has spent long periods of time inside Syria, reporting from many of the most high-risk areas during the Syrian Arab Army allied campaigns to liberate swathes of Syrian territory from the US coalition-proxy occupation. She had this to say about the email she received a few days ago:

“The questions emailed to me by the BBC evidence a predetermined intent to character assassination. This approach shows an utter lack of journalistic integrity on the part of the BBC.

The BBC's hostile insinuations against me arrogantly infer that neither I nor the Syrians I interview think for ourselves, but are puppets of the Syrian and Russian governments. My journalism dates back to 2007 and is quite extensive, with 13 years of on the ground experience, from Palestine and Syria, to Venezuela and eastern Ukraine, and elsewhere.

My focuses have been on giving voice to Syrians disappeared by corporate media, highlighting the terrorism they endured by terrorist groups which the West dubs “rebels,” and highlighting war propaganda by outlets such as the BBC.”

It was clear from the BBC’s line of questioning that this was not a genuine investigation into the life and times of White Helmets founder, and former British military intelligence officer, James Le Mesurier. It is effectively a damage limitation exercise designed to discredit the evidence that points to the White Helmets being a propaganda construct with extremist connections funded by the US/UK coalition to vilify the Syrian government and allies, thus justifying military intervention by proxy and aggression against a sovereign nation. The aggression includes economic sanctions that have devastated the Syrian economy and caused widespread poverty and food insecurity among the Syrian people.

The upcoming BBC programme – ‘Mayday’ – appears to be an attempt to whitewash British intelligence operations inside Syria. Operations that were recently further exposed following the leak of alleged UK Foreign Office documents, reported by Grayzone, which detailed the extent to which the UK government provided media and PR support to the armed groups in Syria. Those groups effectively include Al Qaeda and Islamic State (IS, formerly ISIS) affiliates such as Jaysh Al-Islam and Ahrar Al-Sham, who are responsible for the horrific bloodshed and devastation of infrastructure in the areas they invaded and occupied.

The UK and EU government-funded Mayday Rescue organization was established by Le Mesurier to provide an intermediary management of the funds the UK government was providing to the White Helmets as they embedded themselves with armed groups in extremist-controlled areas throughout Syria, more recently exclusively in Idlib, the last remaining and “largest Al Qaeda haven since 9/11.” Le Mesurier died in November 2019 having fallen from the balcony of his Istanbul home which he shared with his third wife, Emma Winberg. Three days before his death, which was ruled a suicide, Le Mesurier had reportedly admitted to defrauding Mayday Rescue of funds provided by UK and European governments.

It is also worth a reminder that the Dutch government had withdrawn funding from Mayday Rescue in 2018 following an extensive investigation that had concluded a lack of assurances that funds were not being hijacked by the armed groups in Syria, including Al Qaeda.

The BBC pins its arguments on the view that the White Helmets are a “humanitarian” organisation – an Oscar-winning illusion that has been dismantled by some of the most acclaimed independent journalists and researchers of our time, including Cory Morningstar, Rick Sterling, Eva Bartlett, Stephen Kinzer, Robert Parry, John Pilger, Gareth Porter, Ray McGovern, Phillip Giraldi, Craig Murray and former UN weapons inspector Scott Ritter, to name just a few.

The former UK ambassador to Syria, Peter Ford, also received the BBC bill of indictment and he issued this statement in response:

“The BBC have systematically tried to suppress views on Syria which run counter to the standard one-sided narrative. This programme's efforts to smear dissenters takes BBC conduct to a new low. By alleging conspiracy theorising where there is only evidence-based reporting and analysis, the BBC is showing its frustration at being unable to stifle truth-telling.

The only conspiracy here is whatever coordination has taken place between the BBC and British authorities responsible for failing to achieve regime change in Syria despite throwing many millions of taxpayer money at the effort. Why is the BBC not drawing attention to the biggest failure of British foreign policy since Suez, as judged by its self-proclaimed objective of removing Assad, rather than busying itself with trying to take down unsupported individual dissenters who have ranged against them the vast wealth and resources of the establishment?

The charge of biggest failure since Suez as judged by its own objective of regime change is stinging because palpably true, and will with luck get some play in the follow up. It's an angle that has been largely lost in the welter of detail.”

On October 5, the US and UK envoys to the UN Security Council (UNSC) led the campaign to ban the former Organisation for the Prohibition of Chemical Weapons (OPCW) director general, Jose Bustani, from briefing the UNSC meeting presided over by Russian Ambassador Vassily Nebenzia. Nebenzia accused the US/UK-led truth-suppressors of bringing the UNSC into disrepute. One week later, the BBC, a de facto UK-state-media outlet, kicked off its attack on the individuals responsible for highlighting the corruption of the OPCW and the fraud that was the final report on the alleged Douma chemical attack in April 2018.

One member of the WGSMP, Paul McKeigue, has published his conversations
with the producer. Regarding the Douma incident, McKeigue informs us that “a reader of this correspondence could reasonably conclude that [..]Raed Saleh (White Helmets leader) has something to hide, and further that [the BBC producer] is, for some reason, colluding with him by helping him to avoid having to respond” to questions regarding the whereabouts of the bodies of the alleged chemical weapon attack victims. Part of my response to the BBC also alludes to the apparent suppression of evidence:

“A BBC producer, Riam Dalati, has stated publicly that the Douma hospital scenes, the site of the alleged chemical weapon attack in Syria, 2018, were staged. As has been pointed out repeatedly to Riam Dalati and the BBC, if the hospital scenes at Douma were staged so too were the films of the deceased in the Douma apartment block. The BBC have never reported this information, nor has it passed the information obtained by its producer to either the OPCW FFM or the IIT. It is extraordinary and completely unjustifiable that the BBC should be withholding this vital information from a UN linked organization.”

Dr. Piers Robinson, the co-founder of the WGSMP, accused the BBC of suppressing truth:

“The BBC is also attempting to smear academics researching alleged chemical weapons attacks in Syria as ‘conspiracy theorists’, even though their work has been supported by the leading chemical and biological weapons expert the late Julian Perry Robinson and vindicated by whistleblowers and leaks from the OPCW itself. The BBC is not engaging in journalism but rather suppression of the truth.”

In conclusion, the BBC is not an honest broker. Our work as journalists and researchers is to mine for the truth. The BBC’s output, especially with regards to foreign affairs, is produced in lock-step with UK foreign policy objectives. In the context of the war against Syria, this has resulted in a pattern of omission and censorship that has underpinned UK FCO efforts to foment conflict within Syria and to overthrow the internationally recognized Syrian government.

The result has been an illegal war that has caused death and suffering for millions of Syrian people. Regarding the UK/US intelligence-incubated, Al Qaeda-linked, White Helmets, the BBC could be considered complicit in manufacturing consent for another “humanitarian war” through their lack of “rigorous journalism” and omission of the facts surrounding this UK state-client-propaganda-manufacturer. Just as the BBC defended the WMD “dodgy dossier” that decimated Iraq and led to the deaths of millions of Iraqis, we now see the BBC rallying around the chemical weapon “dodgy dossier” that has enabled the prolongation of the barbaric war against the Syrian people.
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LINKS:

[01] Eva Bartlett
[02] Massive Syria propaganda operation waged by Western govt contractors and media
[03] In a Syria Refuge, Extremists Exert Greater Control
[04] Media Scrambles to get its Story Straight After Death of White Helmet Founder James Le Mesurier
[05] Dutch accountant uncovers fraud behind Syria rescue organization White Helmets
[06] Netherlands Cuts Funding to White Helmets Over Likely Links to Terrorism
[07] Syria: AVAAZ, Purpose & the Art of Selling Hate for Empire
[08] Eva Karene Bartlett on Syria Jan 28 2017, Montreal
[09] Beware of White Helmets Bearing News
[10] The White Helmets are a Complete Propaganda Construct
[11] A Flawed UN Investigation on Syria
[12] Ray McGovern tweet to Democracy Now
[13] More Lies About the White Helmets
[14] The Sad Death of James le Mesurier
[15] Former UN Weapons Inspector Weighs in on Syria WMD Claims
[16] 1956: Suez and the end of empire
[17] The UK & US alliance brings the UNSC into disrepute by banning Syria chemical weapons briefing from ex-OPCW head
[18] Email correspondence with Chloe Hadjimatheou, Senior Reporter BBC Current Affairs, 24 July to 17 August 2020
[19] The War on Truth, Dissent and Free Speech
[20] Julian Perry Robinson Obituary
[21] Ex-OPCW chief José Bustani’s statement to the UN Security Council
[22]
OPCW-DOUMA - Release Part 4

Additional LINKS:

Washington’s Long War on Syria


Saturday, September 26, 2020

3,500 US companies join Tesla to challenge Trump’s trade war tariffs on China

 


© Getty Images / narvikk

Source: RT News

Lawsuits against the Trump administration have piled up over the last fortnight as some 3,500 American firms, including auto majors, retailers and pharmacies, were reported to challenge US tariffs on billions of Chinese goods.

The suits, filed by a wide range of companies in the US Court of International Trade in New York, seek to declare unlawful the latest rounds of levies on Chinese products imposed by Washington amid a wider trade dispute with Beijing. According to a Reuters report citing the filings, they name the US trade representative, Robert Lighthizer, and the Customs and Border Protection agency as defendants.

Some of the companies accuse the Trump administration of waging an “unbounded and unlimited trade war impacting billions of dollars in goods imported from the People's Republic of China by importers in the United States,” while others point at officials’ failure to comply with administrative procedures and impose tariffs within a required one-year period.

Many industry leaders and some of the biggest US corporations included on the S&P 500 index are now challenging the tariffs. In addition to electric carmaker Tesla, which is seeking a cancellation of tariffs along with a refund for duties already paid, other big-name producers such as Ford, Mercedes-Benz and Volvo are suing the US government. The long list of plaintiffs, totaling around 3,500 according to Reuters, also includes the operator of major US pharmacy store chain Walgreen, retail firms from various spheres such as Pep Boys, Home Depot and Target Corporation, as well as clothing company Ralph Lauren and guitar manufacturer Gibson Brands among others.

The world's two largest economies – the US and China – have been locked in a simmering trade dispute since 2018. While the two sides finally came to a partial truce at the end of last year, known as a phase-one deal, the bulk of Chinese imports are still subject to tariffs. According to the deal, Chinese goods worth around $250 billion remained under 25-percent tariffs, while a 7.5-percent levy was kept for around $120 billion of imports.

Lawsuits challenging the US’ tariff policy came shortly after the World Trade Organisation (WTO) ruled last week that Washington’s trade war with Beijing breached the body’s rules, meaning that the multi-billion dollar duties are essentially illegal. The Trump administration was quick to accuse the body of being “completely inadequate to stop China’s harmful technology practices.”


Friday, March 20, 2020

Our Last Chance to Make Real Change




By: Stewart Brennan


Stand up and Fight for Your Rights

Martial law is now driving lock downs all over the world because the flu will make you sick...but its also to keep you locked up as they intentionally pull down the old bankrupt economic system to make way for their totalitarian cashless 5G system that's ready to be unleashed...they want total submission to the new system that they will propose once the old system is dead. To assure this, they have eliminated massive protests via the corona virus scare so that the people cannot organize together for proper solutions. The economic cartel wants to maintain their totalitarian economic control over everyone via their private banking economic system. Weather they do it with China or without, the decision has been made to take all your freedoms away in one fell swoop...all resistance to their decree's will be punished as France's Macron has already stated. In the coming days we will see increased censorship on all differing opinions to the mainstream narrative especially that of the Corona Virus.

The one chance that we the people have to make the changes needed when the fraudulent economic system comes down is being taken away in every western country at the same time. We the people must NOT allow the economic cartel to dictate our children's future. The future MUST be decided by the people within each nation. Therefore, it is imperative for everyone to have ALL THE INFORMATION on economics, CORVID-19 and everything else for that matter. Question absolutely everything that comes from mainstream media and government because both are controlled by corporate and private banking interests.

Censorship is the enemy of all good people. Martial law is a war on our communities! Stand up and fight!
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Wednesday, March 18, 2020

Which businesses will survive the greatest financial crisis of our lifetime?




Source: RT News

As countries close their borders to contain the corona virus outbreak, the biggest disaster faced by businesses big and small is the shutdown of the global economy.

While Covid-19 has rattled financial markets, the real economy faces even worse problems, as many companies will be unable to survive without a government lifeline.

Which firms will be most seriously hit?

Social distancing is one of the first and, apparently, most effective containment measures the countries have in their arsenal. However, the practice could bury small and medium-sized businesses, clearing the path for big corporations that will enjoy the support of governments and banks.

“Small and medium enterprises are the backbone of any economy, and they’re also likely to be most affected by social distancing,” Professor of Financial Systems Resilience at Bournemouth University, Christopher A. Hartwell, told RT. “They just don’t have the capabilities of an Amazon to keep delivering; they rely on face-to-face interactions, and so any prolonged lockdown can be devastating.”

Those involved in the tourism and entertainment industries, as well as the service industry, could also have tough times due to lockdowns and quarantine measures, according to Sergey Kopylov, a junior partner at consulting company BSC. He says non-essential sectors like the auto industry will probably not get bailed out and will have to cut production.

“Those who are critically dependent on Chinese components will face [the] most serious problems,” Kopylov said. He explained that tech producers and assemblers would be the most vulnerable, as most parts for their products are exported from China, which has not yet fully recovered after the production pause caused by Covid-19.

Who can count on government help?

Airlines were the first to feel the devastating impact of the coronavirus, as they had to dramatically cut capacity amid low demand and border closures. Analysts believe they will be the first in line to receive financial aid.

Airline companies can easily face bankruptcies, which can eventually hamper already strained trade and supply chains, Kopylov believes, while others think that airlines shouldn’t enjoy so much support. According to Professor Christopher A. Hartwell, government bailout is “a disastrous idea,” as the carriers could easily exploit the funds for their own benefit.

“Since deregulation in the 1970s under US President Jimmy Carter... airlines have gone through waves of high competition and improvement in service which then gets crushed under a bailout and some form of re-regulation, which leads to worse service and oligopolistic pricing,” he wrote.

Governments will have to support other critical sectors, such as agriculture, to prevent food shortages. While not all countries, especially those dependent on tourism like Cyprus or Spain, can afford to fund them, they can at least offer tax and credit payment holidays, Kopylov said.
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Tuesday, March 17, 2020

Wall Street’s big coronavirus mistake




© Reuters / Lucas Jackson

Source: RT News

The coronavirus has wreaked havoc on global stock markets, but this may just be the start of a much bigger economic crisis.

Investment professionals on Wall Street spend their days reading financial reports and looking at numbers flash on screens. These numbers record the moment-to-moment changes in the collective wisdom of markets about the value of stocks, bonds, commodities and a distressing array of derivative financial products.

From the comfort of the sealed caverns of Wall Street the actual physical and social world is just an abstraction to be quantified and analyzed. One of Wall Street's most prominent investment research and management firms released analysis that says the coronavirus won't be all that bad for the economy.

Analysts from Morningstar Inc.—which is actually headquartered in Chicago's cavernous downtown—say that this pandemic will be a "mild pandemic." I'm not sure how pandemics can be mild, but the analysts outline cases for "moderate" and "severe pandemics."

One of the things that gives these analysts such a sanguine view, particularly in the United States, is the country's advanced health care system which is "likely much more prepared for the taxing of our hospital system, as we appear to have a massive lead over other developed nations in the number of intensive care unit beds per citizen."

And yet, a first-hand report from a physician in those hospitals suggests that there will be very little room for severe corona virus cases in any hospital ICU. Those beds are already being used by patients and not just waiting empty. In all likelihood, hospitals will be quickly overwhelmed and forced to decide who gets critical live-saving treatment and who does not. The "who does not" number could be very large if the Italian experience is anything to go by.
  
The analysts do admit that lack of health insurance and paid sick leave will likely lead to higher infection rates in the United States than would otherwise be the case. Naturally, people without insurance will be reluctant to seek treatment, and those without paid sick leave may come to work even when ill in order to make enough money to pay their bills.

The surprisingly upbeat report is based on the idea of a return to business as usual. The assumption is that the coronavirus pandemic will not shatter confidence in our institutions which are so clearly incompetent and/or inadequate to the task of fighting this pandemic.

For the first two months of this year the US markets virtually ignored the growing dangers of a pandemic and assumed that any economic problems would be confined to China. In fact, even as infections spread like wildfire in China, market averages touched new highs. The idea that novel infectious diseases for which there is no treatment do not recognize national boundaries just didn't occur to most investors and investment advisors. Reality, however, began to sink in by late February and led to the historic stock market collapse.

Even now, a friend of mine who is retired reports that the week before last her investment advisor responded sharply when she called to dump half of her portfolio of stocks. The advisor won the argument saying that this is just a temporary slide, and that in the long term all will be well.

The political and social implications of the current meltdown seem lost on the Wall Street crowd. They cannot see that when all is said and done, it is unlikely that very many people will have faith in an advisor who tells them that stocks always return to previous levels and move higher. This will be an indirect result of shattered faith in government institutions that are supposed to protect us in such emergencies and shattered faith in an economic system that leaves so many without the means to respond to such a life-and-death situation.

Large-scale and dramatic rearrangements of our current system worldwide and in the United States are likely to come in the wake of the season of death that is upon us—and in the wake of the economic carnage that results from the breakdown of a system so vulnerable that a tiny virus could topple it at its base. That virus is now calling into question deeply held assumptions about basic security, protection, health care, and also economic and political arrangements that do not seem able to respond in ways that preserve life in the face of one of the most obvious and fundamental threats to it: epidemic infections.
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Dow plunges 3,000 points in biggest single-day drop




The Dow Jones Industrial Average is displayed after closing bell on floor of the New York Stock Exchange (NYSE) ©  REUTERS/Andrew Kelly

Source: RT News

The Dow Jones plummeted nearly 3,000 points (2,997.1, to be exact) at the close of trading on Monday, finishing down 12.93 percent as markets continued to slide despite tripping a circuit-breaker minutes after opening.
The S&P 500 sank by a whopping 12 percent, while the Dow Jones Industrial Average dropped 13 percent. The Dow has dropped over 30 percent since opening at a high on February 12. This latest Dow drop is the worst since the infamous Black Monday crash in 1987.

While the Federal Reserve has cut rates toward zero in an effort to boost the economy, the continuing closure of schools, restaurants, bars, movie theaters, etc. across the country is affecting the market dramatically, and with no end in sight to the coronavirus panic, it’s an unsure market for investors.

Confidence in the markets was not helped by a Monday afternoon press conference in which President Donald Trump said the federal government could be responding to the coronavirus until “July or August,” possibly longer.

Precious metals have also been sent into free fall, with gold dropping by 1.3 percent to just over $1,500 an ounce. Silver, platinum, and palladium have seen even steeper declines, each falling by over 12 percent on Monday.

Brent and WTI crude tumbled by 9 and 11.3 percent respectively, taking a toll on petrol giants including Chevron, BP, Royal Dutch Shell, and Suncor Energy, each of which saw more than a 15-percent decline in stock price. Apache was among the worst affected, down by over 30 percent.
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Monday, March 16, 2020

Macron Declares Martial Law Orders France on Lockdown




Source: Press TV

French President Emmanuel Macron on Monday ordered stringent restrictions on people's movement to slow the spread of the coronavirus, and said the army would be drafted in to help move the sick to hospitals.

France had already shut down restaurants and bars, closed schools and put ski resorts off limits, but Macron said measures unprecedented in peacetime were needed as the number of infected people doubled every three days and deaths spiraled higher.

In a sombre address to the nation, the president said that from Tuesday midday (1100 GMT) people should stay at home unless it was to buy groceries, travel to work, exercise or for medical care.

Anyone flouting the restrictions, in place for at least the next two weeks, would be punished.


"I know what I am asking of you is unprecedented but circumstances demand it," Macron said.

"We're not up against another army or another nation. But the enemy is right there: invisible, elusive, but it is making progress."

Some 100,000 police will be deployed to enforce the lockdown, Interior Minister Christophe Castaner said.

Checkpoints will be set up nationwide and those on the move will have to be able to justify their journey on a printed ministry document, pedestrians included, he said.

Macron said tougher action was needed after too many people ignored earlier warnings and mingled in parks and on street corners over the weekend, risking their own health and the wellbeing of others.

In France the coronavirus has killed 148 people and infected more than 6,600.

Army Mobilized

Under the new measures, soldiers would help transport the sick to hospitals with spare capacity and a military hospital with 30 intensive-care beds would be set up in the eastern region of Alsace, where one of the largest infection clusters has broken out.

Macron said he was postponing the second round of local elections on Sunday. Because the government's sole focus needed to be fighting the pandemic, he said he was suspending his reform agenda, starting with his overhaul of the pension system.

The government would, when necessary, legislate by decree to fight the coronavirus, he said.

Coronavirus infections and fatalities in France and Spain have been surging at a pace just days behind that of Italy, the epicenter of the outbreak in Europe where hospitals in the worst-hit northern regions are stretched to breaking point.

Seeking to offer further reassurance to businesses, Macron said the government would guarantee 300 billion euros worth of loans. The loan guarantee plan would be submitted to parliament in coming weeks and would be retroactive, a finance ministry source said.

Rent and utility bills owed by small companies would also be suspended to help them weather the economic storm, he added.

"No French company, whatever its size, will be exposed to the risk of collapse," Macron said.






Thursday, March 12, 2020

Worst Day on Wall Street since 1987 Market Crash




Trading is halted for 15 minutes as traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 12, 2020 in New York. (AFP photo)

Source: Press TV

The escalating corona virus emergency Thursday sent stocks to their worst losses since the Black Monday crash of 1987, extending a sell-off that has now wiped out most of Wall Street's big run-up since President Donald Trump's election.

The S&P 500 plummeted 9.5%, for a total drop of 26.7% from its all-time high, set just last month. That puts it way past the 20% threshold to make this a bear market, snapping an unprecedented, nearly 11-year bull-market run. The Dow Jones Industrial Average sank 10% for its worst day since a nearly 23% drop on Oct. 19, 1987.

European markets lost 12% in one of their worst days ever, even after the European Central Bank pledged to buy more bonds and offer more help for the economy.

The heavy losses came amid a cascade of cancellations and shutdowns across the globe - including Trump's suspension of most travel to the US from Europe - and rising worries that the White House and other authorities around the world can't or won't counter the economic damage from the coronavirus pandemic any time soon.

"The news just continues to get worse, and the travel ban puts an exclamation point on the weakness we're going to see in global GDP and, in turn, the US," said Liz Ann Sonders, chief investment strategist at Charles Schwab. "We're starting to get a sense of how dire the impact on the economy is going to be. Each day the news doesn't get better, it gets worse. It's now has hit Main Street to a more significant degree."

Stocks fell so fast on Wall Street at the opening bell that they triggered an automatic, 15-minute trading halt for the second time this week. The so-called circuit breakers were first adopted after the 1987 crash, and until this week hadn't been tripped since 1997.

The Dow briefly turned upward and halved its losses at one point in the afternoon after the Federal Reserve announced it would step in to ease "highly unusual disruptions" in the Treasury market. But the burst of momentum quickly faded.

Trump often points proudly to the big rise on Wall Street under his administration and warned a crowd at a rally last August that "whether you love me or hate, you gotta vote for me," or else your 401(k) will go "down the tubes."

Just last month, the Dow was boasting a nearly 50% gain since Trump took the oath of office on Jan. 20, 2017. By Thursday's close, the Dow was clinging to a 6.9% gain, though it was still up nearly 16% since just before Trump's election in November 2016.

On Wednesday, the Dow finished the day down more than 20% from its all-time high, set just last month, officially entering what is known as a bear market for the first time in over a decade.

The combined health crisis and retreat on Wall Street heightened fears of a recession.

"This is bad. The worst and fastest stock market correction in our career," Chris Rupkey, chief financial economist at MUFG Union, said in a research note overnight. "The economy is doomed to recession if the country stops working and takes the next 30 days off. The stock market knows it."

The coronavirus has infected around 128,000 people worldwide and killed over 4,700. The death toll in the US climbed to 39, with over 1,300 infections. For most people, the virus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illnesses, including pneumonia. The vast majority of people recover from the virus in a matter of weeks.

In a somber prime-time address Wednesday night from the White House, Trump announced the new travel ban as well as measures to extend loans, payroll tax cuts and other financial relief to individuals and businesses hurt by the crisis.

But the travel restrictions represented another heavy blow to the already battered airline and travel industries, and the other measures did not impress Wall Street.

"What markets are waiting for are efforts to contain the virus in a very aggressive way, ways we've seen in other countries," said Nela Richardson, investment strategist at Edward Jones. "Short of that, nibbling around the edges, maybe doing something that can help a firm with a very short-term impact or help an employee, doesn't hurt, but it's not the bull's-eye, and it's not as targeted as the markets would like to see."

Michael McCarthy of CMC Markets said: "The market judgment on that announcement is that it's too little, too late."

The damage was worldwide and eye-popping. Among the big moves:

- Travel stocks again were among the hardest hit. Norwegian Cruise Line and Royal Caribbean Cruises both lost roughly a quarter of their value. Another drop for United Airlines put its loss for the year at more than 50%.

- Oil continued its brutal week, with benchmark US at $31 per barrel.

- In Asia, stocks in Thailand and the Philippines fell so fast that trading was temporarily halted. Japan's Nikkei 225 sank 4.4% to its lowest close in four years, and South Korea's market lost 3.9%.

Perhaps more alarming were complaints in recent days by investors that trading in the Treasury market wasn't working well. For reasons that weren't immediately clear, traders said they were seeing surprisingly large gaps in prices being offered by buyers and sellers. That threatened to cause the market to seize up.

In a surprise move, the Fed said it would pump in at least $1.5 trillion to help calm the market and facilitate trading.

After earlier thinking that the virus could remain mostly in China and that any dip in the economy would be followed by a quick rebound, investors are seeing the damage and disruptions mount, with Italy locking itself down, the NBA suspending games and authorities in the US and beyond banning large gatherings and closing schools.
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Global Economics 2020



Monday, March 9, 2020

Global Markets in Freefall




FILE PHOTO. Stock traders in Frankfurt, Germany. ©Andreas Arnold / dpa via Global Look Press

Source: RT News


Global market freefall CONTINUES as European bourses open to bearish trading

Stock markets in Europe are opening to a downward trend, following a plunge in Asia. The pan-European STOXX 600 fell 6.1 right after stock exchanges opened in London, Paris, and Frankfurt.
Germany’s DAX index fell 7.8 percent after the Frankfurt Stock Exchange opened trading on Monday, and is projected to have its biggest daily drop in 18 years.

London’s commodity-heavy FTSE 100 was down more than eight percent, with stocks of oil companies among those hit hardest by the collapse.

France’s CAC 40 dove 7.7 percent, with oil giant Total and metal maker ArcelorMittal plummeting over 15 percent.

Borsa Italiana’s main index FTSE MIB fell by 10.5 percent, apparently reflecting traders’ fears over the toll the rampaging Covid-19 virus epidemic could take on the Italian economy. Among European nations, Italy has been hit hardest by the infection.

Earlier on Monday, Asian equities collapsed amid concerns over an economic slowdown due to the spread of the coronavirus and a 31-percent plunge in the price of oil, unseen since the 1991 Gulf War.
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Related:
Oil CRASHES 30% - (2020 Mar 08)


Saturday, March 7, 2020

Turkey sends 4,500 terrorists to Libya




Turkish-backed Syrian militants gather at a position in Afis on the outskirts of the government-controlled town of Saraqib, east of Idlib province in northwestern Syria, on February 26, 2020. (Photo by AFP)

Source: Press TV

Turkey dispatches over 4,500 allied Takfiri militants from Syria to Libya: SOHR

The so-called Syrian Observatory for Human Rights (SOHR) says Turkey has so far sent more than 4,500 allied Takfiri militants from Syria to Libya, after the Turkish parliament passed a bill earlier this year that will allow the government to deploy forces to the North African country to intervene in the ongoing war.

The Britain-based war monitor, citing informed sources requesting anonymity, reported on Saturday that the number of Turkish-backed militants, who have arrived in the Libyan capital city of Tripoli up until now, stands at some 4,750.

The Observatory added that nearly 1,900 Takfiris are currently receiving military training in Turkey in order to be sent to Libya.

The sources further noted that Turkey is recruiting young extremists in the predominantly Kurdish town of Afrin and other Turkish-controlled areas of northern Syria for the purpose, emphasizing that they are members of the Mu'tasim Division, Sultan Murad, Northern Falcons Brigade, al-Hamzat, the Sham Legion, Suleyman Shah and Samarkand Brigade militant groups.

They underlined that 117 Syrian militants, who joined the ranks of Turkey’s military operations in Libya, have been killed there.

The Observatory went on to say that the Takfiris have been killed in clashes in Salah al-Din district south of Tripoli, al-Ramlah area near Tripoli's Mitiga International Airport as well as Hadaba project area in southern Tripoli.

The sources added that some 150 Takfiri militants who were sent to Libya have managed to sneak into Europe.

Libya plunged into chaos in 2011, when a popular uprising and a NATO intervention led to the ouster of long-time dictator Muammar Gaddafi and his execution by unruly fighters.

The North African country has since been split between two rival administrations based in the east and west amid a conflict drawing increasing involvement from foreign powers.

According to the latest UN tally, more than 280 civilians and roughly 2,000 fighters have been killed since Haftar launched his offensive in April to seize Tripoli. An estimated 146,000 Libyans have been displaced.
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'We won’t let Ankara split any Syrian territory' - Syria's UN Ambassador





Syria's Ambassador to the United Nations Bashar al-Jaafari (file photo)

Source: Press TV

Damascus won’t let Ankara split any Syrian territory in embattled Idlib: UN envoy Jaafari

Syria's Ambassador to the United Nations Bashar al-Jaafari says the Damascus government and the Syrian nation will not allow Turkey to split and annex any part of the Arab country’s embattled northwestern province of Idlib.

“I can confirm that Syrian leadership besides Syrian people will not allow [Turkish President Recep Tayyip] Erdogan or anyone else to repeat in Idlib what happened in Alexandretta," Jaafari said in an exclusive interview with the Arabic-language online newspaper Elnashra on Saturday.

In 1939, Turkey annexed the historically Syrian land of Alexandretta to its territory and renamed it as the province of Hatay. The region is located on the coast north of Latakia.

The Syrian envoy said there is no difference between Erdogan and Israeli Prime Minister Benjamin Netanyahu "as they are both occupiers and aggressive."

"What we care about in Syria is the elimination of terrorism and the establishment of full control and sovereignty over Syrian soil. If Erdogan listens to the voice of wisdom, puts an end to his support for terrorism, refrains from destructive interference in Syria and stops wasting the blood of forces of his aggressive and occupying army, this will serve peace and stability of all peoples of the region, including the neighboring Turkish nation," he added.

Jaafari warned that if the Turkish president insists on his "aggressive approach, nothing will prevent us from continuing our war against terrorism and all those who support, arm, finance, and use it for political gains."

He went on to say that Turkey has violated the 2018 Sochi agreement, signed between Russian President Vladimir Putin and Erdogan, by converting Turkish observation points in Syria into safe havens to protect militant groups designated as terrorist, noting Ankara did not commit to withdraw terrorist groups to a distance of twenty kilometers (12.42 miles) west of the Abu Dahour road between Aleppo and Idlib.

“On the contrary, the number of terrorists, especially foreigners, increased in Idlib, and instead of withdrawing all tanks, rocket launchers and mortars from the demilitarized zone by October 10, 2018, thousands of soldiers plus heavy military hardware were deployed inside the Syrian territory. We never expected Erdogan to honor his pledges, because this simply means the end of his reckless adventures in Syria, and an end to his political and military interventions in other countries,” the Syrian UN ambassador pointed out.

Elsewhere in his remarks, Jaafari stated that the Israeli regime directly supports terrorist groups wreaking havoc in Syria, and mounts offensives on the Syrian soil to support them.

“The battle of Idlib is a key element of the final victory over terrorism. Everyone knows it, and the United Nations even explicitly points to such a fact in its official reports,” he said.

He concluded that despite the high prices that the Syrians have paid because of the war, "We have made important political and military achievements that will definitely benefit the resistance front. Our battle is part of a long war, and we will not retreat until we restore our rights in the occupied Golan Heights.

The remarks come two days after the Russian and Turkish presidents came to an agreement on a ceasefire regime in Idlib, where Turkish violations have brought about an unwarranted flare-up of already high levels of violence.

Putin and Erdogan announced the deal on Thursday at a joint press conference in Moscow after three hours of face-to-face talks.

According to the agreement, joint Russian-Turkish patrols will secure a six-kilometer-wide corridor along the M4 highway connecting the two government-held provinces of Latakia and Aleppo.

The ceasefire also consolidates Syrian control over the M5 highway which links the capital Damascus to the major cities of Hama, Homs and Aleppo.
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Syria News 2020


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Syria vows to continue war against terrorism




Syrian Army soldiers advance in Tall Sultan town towards Saraqeb city, in Syria's northwestern Idlib province, on February 5, 2020. (Photo by AFP)

Source: Press TV

Syria vows to continue war against terrorism following ‘positive’ Idlib deal

A senior adviser to Syrian President Bashar al-Assad says the Arab country will continue its war against foreign-backed terrorism following a ceasefire agreement in the northwestern Idlib province.

Assad's political and media adviser, Bouthaina Shaaban, said “Syria fights terrorism on behalf of the whole world and it will continue to do so until it fully liberates Syrian land.”

She added that terms of the ceasefire deal, agreed between Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin on March 5, were the outcome of the sacrifices and major gains of the Syrian army.

Among notable terms in the ceasefire, she stressed, was the liberation of the strategic M4 and M5 highways.

According to the agreement, joint Russian-Turkish patrols will secure a six-kilometer-wide corridor along the M4 highway connecting the two government-held provinces of Latakia and Aleppo.

The ceasefire also consolidates Syrian control over the M5 highway which links the capital Damascus to the major cities of Hama, Homs and Aleppo.

The truce has largely held despite heavy clashes between Turkish-backed terrorists and the Syrian army preceding the deal.

On Saturday, Turkish Defense Minister Hulusi Akar said there had been no violations of the ceasefire, according to the state-owned Anadolu news agency.

Head of the Russian Defense Ministry’s Coordination Center Rear Admiral Oleg Zhuravlev, however, said that terrorists violated the truce on six counts since it was imposed 00:01 a.m. on Friday.

He said the violations involved terrorists firing on Syrian positions in the Aleppo and Latakia provinces neighboring Idlib. He did not elaborate on any possible casualties.

Army uncovers American TOW missiles in Syria's Saraqeb

Syria’s SANA news agency reported on Friday that the Syrian army had uncovered American-made TOW missiles and tripod mounts left behind by the terrorists following the city’s liberation earlier this week.

Images released by the news agency also showed other equipment, including damaged military vehicles, left behind by the terrorists.

A field commander speaking to SANA said that the army’s engineering units also dismantled explosive devices blocking the M5 highway running next to the city.

SANA reported that civilian vehicles could be seen driving through the recently liberated highway.

‘276 localities liberated, 1138 terrorists killed’

The ceasefire comes a few months after the Syrian army launched an anti-terror operation against foreign-sponsored militants in Idlib after terrorists failed to honor an earlier de-escalation agreement brokered by Ankara and Moscow.

According to the so-called Syrian Observatory for Human Rights (SOHR), more than 1138 terrorists and 73 Turkish soldiers were killed in clashes against pro-Damascus forces in the last 51 days.

The Observatory - which is known to oppose the Syrian government - also said more than 276 cities, towns and villages were liberated by the Syrian army.
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Syria News 2020


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