Peace for the World

Peace for the World
First democratic leader of Justice the Godfather of the Sri Lankan Tamil Struggle: Honourable Samuel James Veluppillai Chelvanayakam

Tuesday, May 23, 2017

Israel quick to exploit Manchester bombing

Israeli Prime Minister Benjamin Netanyahu, seen at an airport farewell ceremony for President Donald Trump on 23 May, has moved quickly to exploit the Manchester bombing. (via Facebook)
Ali Abunimah-23 May 2017

Hillary Clinton, the destroyer of Libya and, as WikiLeaks revealed last year, the secret supporter and personal beneficiary of forces underwriting ISIS, proposed her own expedient solution: “Can’t we just drone this guy.”

It has not been 24 hours since the suicide bombing that killed 22 people and injured dozens more after a pop concert in the English city of Manchester.
British authorities have named the suspected killer as a 22-year-old Manchester native.
As people express anguish and horror – and appeal for unity – Israel has moved quickly and cynically to exploit the tragedy for its own agenda.

If the Manchester attacker was Palestinian and the victims Israeli, the terrorist's family would receive a stipend from Mahmoud Abbas.
Prime Minister Benjamin Netanyahu issued a tweet declaring, “If the Manchester attacker was Palestinian and the victims Israeli, the terrorist’s family would receive a stipend from Mahmoud Abbas.”

Scoring points

The claim that families of Palestinian “terrorists” receive stipends from the Palestinian Authority has long been an Israeli talking point, revived in the months since Donald Trump’s election to place obstacles in the way of any renewed American-sponsored peace process.
Israel considers all Palestinians who engage in armed action against its military occupation, regardless of whether civilians or military personnel are targeted, to be “terrorists.” International law recognizes the right to resist occupation.
Netanyahu likely seized on the Manchester bombing to attack Abbas because Tuesday morning in Ramallah President Trump praised the Palestinian Authority leader for being ready to resume negotiations with Israel.
Trump later reiterated those comments later in a speech at the Israel Museum.
“I had a great meeting this morning with President Mahmoud Abbas and I can tell you that he is ready to reach a peace deal,” Trump said.
Other Israeli ministers sang from the same song sheet as Netanyahu, suggesting a coordinated government campaign to exploit the Manchester tragedy.
Education minister Naftali Bennett, who has previously boasted about killing Arabs, tweeted, “A terrorist murders 22 innocent fans in Manchester. Imagine his family receiving a permanent $5000-a-month payment for that. So Abu-Mazen [Abbas].”
A terrorist murders 22 innocent fans in Manchester.
Imagine his family receiving a permanent $5000-a-month payment for that.
So Abu-Mazen.
Condemning the Manchester attack, Netanyahu also said, “Terrorism is a worldwide threat and the enlightened nations must work together to defeat it everywhere.”
Netanyahu has been similarly quick to exploit mass-casualty attacks in France, all with the aim of presenting Israel’s violent occupation and colonization of Palestinians as part of a linked global war on what he calls “radical Islamic terrorism.”

Israel’s tacit alliance with ISIS

What makes Netanyahu’s exploitation of Manchester more than usually cynical is that Israel is currently allied with the forces that are spreading the violent radicalism fueling the attacks.
There is the growing Saudi-Israeli alliance – notable in the context where Saudi Arabia has been one of the biggest sources of funding to so-called jihadi groups going back decades.
It has long been known that Israel has provided material support to al-Qaida-linked groups in Syria.
But more recently, Israeli officials and military officers have been frank that their tacit support extends even to Islamic State, also known as ISIS – the group to which some of the worst atrocities in Syria, Iraq and Europe have been attributed.
ISIS claimed credit for the Manchester attack.
Moshe Yaalon, Israel’s former defense minister, said last year, “In Syria, if the choice is between Iran and the Islamic State, I choose the Islamic State.”

Let the blood flow

This pro-ISIS thinking was reflected too in comments by senior Israeli military officers published on Monday.
“If Assad wins,” one Israeli army official told Politico Magazine, referring to the Syrian president and his army, “we will have Hizballah not on two borders but one.”
According to Politico, an Israeli brigadier-general explained that the “Iranian influence” – meaning Syria’s government and Lebanon’s Hizballah resistance organization – are “significantly more worrisome than ISIS or other Sunni Muslim terror groups.”
“If I can be frank, the radical axis headed by Iran is more risky than the global jihad one,” the officer said.
When asked if ISIS should be allowed to hold on to its so-called “caliphate” in parts of Syria and Iran, the Israeli officer replied, “Why not?”
He likened the strategy to Israel’s approach to the Iran-Iraq war of the 1980s: let both sides bleed.
This monstrous logic means that more lives are lost as senseless war is prolonged, more chaos spreads across the region and the world, millions more people become refugees and Israel sits in the middle claiming to be a defender of Western civilization.
Israel gains from the fear, hate and Islamophobia that the attacks by its tacit allies generate, because in Israel’s estimation this generates “Western” sympathy for its position and further identifies Palestinians with “terror.”
A satirical Twitter account that mocks Netanyahu, captured the twisted cynicism and hypocrisy of Israel’s approach best:

UK threat level raised to highest level


BBC23 May 2017

The UK terror threat level has been raised to the highest level of "critical", meaning further attacks may be imminent, Theresa May has said.
The move came after investigators were unable to rule out Manchester bombing suspect Salman Abedi acted alone, the prime minister said.
Military personnel would now be deployed to protect key sites.
Twenty-two people were killed and 59 injured when a suicide bomber attacked concert-goers at Manchester Arena.
Military personnel may also be seen at other events, such as concerts, Mrs May said, and would work under the command of police officers.
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Getting Julian Assange: The Untold Story

Hillary Clinton, the destroyer of Libya and, as WikiLeaks revealed last year, the secret supporter and personal beneficiary of forces underwriting ISIS, proposed her own expedient solution: “Can’t we just drone this guy.”


by John Pilger-

( May 22, 2017 , London, Sri Lanka Guardian)  Julian Assange has been vindicated because the Swedish case against him was corrupt. The prosecutor, Marianne Ny, obstructed justice and should be prosecuted. Her obsession with Assange not only embarrassed her colleagues and the judiciary but exposed the Swedish state’s collusion with the United States in its crimes of war and “rendition”.

Brazil police arrest close aide of president in World Cup scheme

Tadeu Filippelli, a former vice-governor of the capital and cabinet adviser, was among three senior politicians detained in Brazil’s latest corruption scandal

Tadeu Filippelli arrives at federal police headquarters after his arrest in Brasilia, Brazil, Tuesday. Photograph: Jose Cruz/AP

 in Rio de Janeiro-Tuesday 23 May 2017

A new thread in the web of corruption investigations around Brazil’s president, Michel Temer, was revealed on Tuesday when police arrested a close aide for an alleged kickback scheme involving the World Cup stadium in Brasilia.

Tadeu Filippelli, a former vice-governor of the capital and cabinet adviser, was among three senior politicians detained by police during morning raids. The suspects are accused of deliberately inflating the cost of the Mane Garrincha stadium in return for bribes from the construction company.

The venue – which was used in the quarter-final and third-placed play-off of the 2014 tournament – was initially budgeted at $180m, but ended up costing $454m. After Wembley, it is the second most expensive football stadium in the world, but the 72,800 seats are almost never filled because Brasilia has no top-tier football club. Last year, the spectacular edifice was used as a bus depot.

Temer’s office said Filippelli was dismissed from his post as soon as the charges were made public. But the arrest adds to the pressure on the embattled president, who was formally accused by the attorney general last week of obstructing justice and corruption related to the sprawling graft schemes at major companies uncovered by the Lava Jato (Car Wash) investigation.

A secret tape recording released last week appears to show Temer condoning hush money pay-offs to the jailed former house speaker, Eduardo Cunha. It was part of a plea bargain by the heads of the meat-packing company JBS, who also provided evidence of bribery that prompted the supreme court to suspend another of Temer’s aides in Congress, Rocha Loures, and one of his most powerful coalition allies, the senator and former presidential candidate Aecio Neves.

Eight members of the cabinet are also being investigated for alleged graft related to the state-run oil company Petrobras and the construction company Odebrecht.

Temer has denied the accusations and refused to step down. “I won’t resign. Oust me if you want,” he said in an interview with Brazil’s Folha de São Paulo newspaper on Monday.

At least nine impeachment motions have been submitted against him in Congress, including one by the Bar Association. The president’s approval ratings have fallen into single digits.

The Brazilian public has long complained of corruption and wasteful public spending. In 2013, millions took to the streets to vent their frustrations about dire governance, focusing largely on the squandering of money on World Cupstadiums that were overpriced and unlikely to be well used after the tournament.

Their worst fears have been confirmed by recent testimonies from Odebrecht construction executives, who revealed that renovation costs for at least five World Cup venues were artificially inflated to generate kickbacks to politicians.
Trump asked intelligence chiefs to push back against FBI collusion probe after Comey revealed its existence

 The Washington Post's Adam Entous explains how President Trump asked two top ranking intelligence officials to publicly deny any connection between his campaign and Russia.(Whitney Leaming/The Washington Post)

 

President Trump asked two of the nation’s top intelligence officials in March to help him push back against an FBI investigation into possible coordination between his campaign and the Russian government, according to current and former officials.

Trump made separate appeals to the director of national intelligence, Daniel Coats, and to Adm. Michael S. Rogers, the director of the National Security Agency, urging them to publicly deny the existence of any evidence of collusion during the 2016 election.

Coats and Rogers refused to comply with the requests, which they both deemed to be inappropriate, according to two current and two former officials, who spoke on the condition of anonymity to discuss private communications with the president.

Trump sought the assistance of Coats and Rogers after FBI Director James B. Comey told the House Intelligence Committee on March 20 that the FBI was investigating “the nature of any links between individuals associated with the Trump campaign and the Russian government and whether there was any coordination between the campaign and Russia’s efforts.”

Trump’s conversation with Rogers was documented contemporaneously in an internal memo written by a senior NSA official, according to the officials. It is unclear if a similar memo was prepared by the Office of the Director of National Intelligence to document Trump’s conversation with Coats. Officials said such memos could be made available to both the special counsel now overseeing the Russia investigation and congressional investigators, who might explore whether Trump sought to impede the FBI’s work.

White House officials say Comey’s testimony about the scope of the FBI investigation upset Trump, who has dismissed the FBI and congressional investigations as a “witch hunt.” The president has repeatedly said there was no collusion.

Current and former senior intelligence officials viewed Trump’s requests as an attempt by the president to tarnish the credibility of the agency leading the Russia investigation.

A senior intelligence official said Trump’s goal was to “muddy the waters” about the scope of the FBI probe at a time when Democrats were ramping up their calls for the Justice Department to appoint a special counsel, a step announced last week.

Senior intelligence officials also saw the March requests as a threat to the independence of U.S. spy agencies, which are supposed to remain insulated from partisan issues.

“The problem wasn’t so much asking them to issue statements, it was asking them to issue false statements about an ongoing investigation,” a former senior intelligence official said of the request to Coats.

The NSA and Brian Hale, a spokesman for Coats, declined to comment, citing the ongoing investigation.
The turmoil surrounding former FBI Director James Comey and President Trump started long before Comey was fired on May 9. Here are the pivotal moments in Comey's time as head of the agency. (Jenny Starrs,Julio Negron/The Washington Post)

“The White House does not confirm or deny unsubstantiated claims based on illegal leaks from anonymous individuals,” a White House spokesman said. “The president will continue to focus on his agenda that he was elected to pursue by the American people.”

In addition to the requests to Coats and Rogers, senior White House officials sounded out top intelligence officials about the possibility of intervening directly with Comey to encourage the FBI to drop its probe of Michael Flynn, Trump’s former national security adviser, according to people familiar with the matter. The officials said the White House appeared uncertain about its power to influence the FBI.

“Can we ask him to shut down the investigation? Are you able to assist in this matter?” one official said of the line of questioning from the White House.

Rep. Adam B. Schiff (Calif.), the ranking Democrat on the House intelligence committee, said the report is “yet another disturbing allegation that the President was interfering in the FBI probe.” Schiff said in a statement that Congress “will need to bring the relevant officials back to testify on these matters, and obtain any memoranda that reflect such conversations.”

The new revelations add to a growing body of evidence that Trump sought to co-opt and then undermine Comey before he fired him May 9. According to notes kept by Comey, Trump first asked for his loyalty at a dinner in Januaryand then, at a meeting the next month, asked him to drop the probe into Flynn. Trump disputes those accounts.

Current and former officials said that Trump either lacks an understanding of the FBI’s role as an independent law enforcement agency or does not care about maintaining such boundaries.

Trump’s effort to use the director of national intelligence and the NSA director to dispute Comey’s statement and to say there was no evidence of collusion echoes President Richard Nixon’s “unsuccessful efforts to use the CIA to shut down the FBI’s investigation of the Watergate break-in on national security grounds,” said Jeffrey H. Smith, a former general counsel at the CIA. Smith called Trump’s actions “an appalling abuse of power.”

Trump made his appeal to Coats days after Comey’s testimony, according to officials.

That same week, Trump telephoned Rogers to make a similar appeal.

In his call with Rogers, Trump urged the NSA director to speak out publicly if there was no evidence of collusion, according to officials briefed on the exchange.

Rogers was taken aback but tried to respectfully explain why he could not do so, the officials said. For one thing, he could not comment on an ongoing investigation. Rogers added that he would not talk about classified matters in public.

While relations between Trump and Comey were strained by the Russia probe, ties between the president and the other intelligence chiefs, including Rogers, Coats and CIA Director Mike Pompeo, appear to be less contentious, according to officials.

Rogers met with Trump in New York shortly after the election, and Trump’s advisers at the time held him out as the leading candidate to be the next director of national intelligence.

The Washington Post subsequently reported that President Barack Obama’s defense secretary and director of national intelligence had recommended that Rogers be removed as head of the NSA.
Ultimately, Trump decided to nominate Coats, rather than Rogers. Coats was sworn in just days before the president made his request.

In February, the Trump White House also sought to enlist senior members of the intelligence community and Congress to push back against suggestions that Trump associates were in frequent contact with Russian officials. But in that case, the White House effort was designed to refute news accounts, not the testimony of a sitting FBI director who was leading an open investigation.

Trump and his allies in Congress have similarly sought to deflect scrutiny over Russia by attempting to pit U.S. intelligence agencies against one another.

In December, Trump’s congressional allies falsely claimed that the FBI did not concur with a CIA assessment that Russia intervened in the 2016 election to help Trump win the White House. Comey and then-CIA Director John Brennan later said that the bureau and the agency were in full agreement on Moscow’s intentions.

As the director of national intelligence, Coats leads the vast U.S. intelligence community, which includes the FBI. But that does not mean he has full visibility into the FBI probe. Coats’s predecessor in the job, James R. Clapper Jr., recently acknowledged that Comey did not brief him on the scope of the Russia investigation. Similarly, it is unclear to what extent the FBI has brought Coats up to speed on the probe’s most sensitive findings.

Stock surge putting Asia’s frontier markets on the map

Frontier markets are what Asian investors are looking for. Photo: YouTube trailerFrontier markets are what Asian investors are looking for. Photo: YouTube trailer

Investors are increasingly looking beyond the region’s heavyweights and placing their bets on lesser-known sectors, hoping to cash in on rising tides of economic growth and maturing demographics

No automatic alt text available. MAY 21, 2017 

Investors in Asia are increasingly looking beyond the region’s heavyweights and placing their bets on lesser-known frontier markets, hoping to cash in on rising tides of economic growth and maturing demographics.

The MSCI Frontier Markets (FM) Asia Index has jumped 19.4% in the 12 months to April 28 versus a 16.5% gain in the MSCI AC Asia Pacific Index. The benchmark is up 4.5% in the first four months of this year and tracks stocks from Vietnam, Bangladesh and Sri Lanka.

Pakistan has also been part of the index, but will be reclassified to emerging market status on June 1.
Mark Mobius, executive chairman of Templeton Emerging Markets Group, made the case for frontier markets on a blog entry dated May 1. 

“In our view, frontier markets could offer exciting long-term investment opportunities, given robust fundamentals, including strong economic growth, access to resources and favorable demographic profiles, with additional possible benefits from improvements in technology, infrastructure and standards of governance,” he said.

“Additionally, market valuations for frontier corporations generally stand below those of their peers in developed markets.”

Following a 13.3% drop in 2015, the MSCI FM Asia Index still trades at just 14.7 times earnings despite its recent rally. By contrast, the MSCI benchmarks for the US, Germany, Australia and Japan all traded at more than 16.5 times earnings.
Concerns about political stability and the existence of proven growth opportunities elsewhere in the region have caused Asia’s frontier markets to go overlooked at times. They are emerging as a preferred portfolio component now, however, as investors look to hedge their bets amid headlines of potential economic slowdowns in other corners of the region like China and South Korea.

MSCI uses a three-tiered system of country indices with frontier markets ranking at the low-end, followed by emerging and then developed markets. Including the frontier markets in Asia, MSCI tracks 30 worldwide like Kenya and Morocco in Africa, and Lithuania and Croatia in Europe.

Frontier markets are characterized as having lower levels of liquidity, operational efficiency and foreign ownership. As a result, risk-averse investors have been reluctant to pour too much money into them.

An AT Kearney survey last month showed that upside in the segment may be too good to pass up, however, as two out of five investors planned to seek out new opportunities in frontier markets versus one in five who planned to divest from them.

Positive demographic profiles in the region offer a glimpse of the future economic growth that investors are chasing.

Screen Shot 2017-05-17 at 11.41.17
Source: Nielsen Q4 Consumer Confidence Report

Vietnam, Bangladesh and Sri Lanka all boast young populations that should grow into large, productive workforces that will not overly tax their respective welfare systems.

A United Nations report in 2015 forecast the percentage population distribution of the 60+ age group in Vietnam, Bangladesh and Sri Lanka will each tally less than 30% by 2050. By contrast, China is projected to have a 36.5% share in the segment and Japan is set for 42.5%.

Consumer markets are also growing in size and influence. GDP per capita (purchasing power parity using international dollars) in Asia’s three frontier markets each grew more than 35% from 2010 to 2015, versus a 22.1% increase in the world average during the same span.

All ranked below the world level of 15,690.65, however, with just Sri Lanka topping the 10,000-level, according to World Bank data.

Buoyant consumer sentiment in Vietnam suggests that upward momentum stands to continue. It ranked fifth out of 63 countries measured in Nielsen’s fourth quarter consumer confidence index, slotting in just below Indonesia and above Thailand and China. Bangladesh and Sri Lanka were not included in the survey.

The equity rally has propped up consumer-focused stocks across the frontier markets. In Sri Lanka, Ceylon Tobacco Company traded up 24.9% so far this year at 999 rupees (US$6.55) through May 12, while Nestle Lanka has increased 12.1% during the same period. Elsewhere, Vietnam Dairy Products JSC, the country’s largest stock by market value, was up 15.3% year-to-date to 144,800 dong (US$6.38).

The universe of tradable stocks will expand in Vietnam as well, given the government’s goal of privatizing 50% of state-owned enterprises from 2015 to 2020. There have been US$392 million worth of IPOs in the country so far this year, more than in the Philippines, Malaysia or Thailand, according to Bloomberg data.

There has been a pickup in foreign investors looking to buy stocks directly through local brokerages in Vietnam. The Vietnam Securities Depository reported 20,060 foreign trading accounts in April, up 12.8% from the start of 2016.

Investors are also tapping into the region through funds. The Matthews Emerging Asia Fund, which allocates over a quarter of its holdings to Vietnam, Bangladesh and Sri Lanka, reported an average annual return of 10.5% in the past three years. The AFC Asia Frontier Fund has also been in the black each year dating back to its inception in 2012.

Aside from yielding potential long-term returns, holdings in frontier markets can also provide foreign investors with portfolio diversification benefits. On a scale of minus-1 to 1, the Vietnam HCM Stock Exchange had a correlation of 0.27, with the S&P 500 Index during a 10-year period beginning in 2006, implying there was a weak relationship between their respective share price movements, according to Matthews Asia.

Despite the disparity between developed and frontier markets, BlackRock portfolio manager Emily Fletcher said investors should remain vigilant about the potential knock-on effect of any major sell-offs in global equities.

“The performance of frontier market stocks is not typically influenced by events in the more developed world with performance instead being driven by local political and economic events,” Fletcher said. “However, in times of significant global stress, even frontier markets are not immune and it can affect performance.”