MIDDLE EAST - The Independent reported last week: Dr Mahmoud Othman, a veteran member of the Iraqi Kurdish leadership who recently retired from the Iraqi parliament, said there was a misunderstanding as to why Gulf countries paid off IS [the Islamic State]. It is not only that donors are supporters of IS, but that the movement “gets money from the Arab countries because they are afraid of it”, he says. “Gulf countries give money to Da’esh so that it promises not to carry out operations on their territory.” It’s well-known by counter-terrorism experts that Saudi Arabia has long funded Al Qaeda, ISIS and other terrorists outside the country in order to dissuade them from attacking the Saudi monarchy itself. With friends like these, who needs enemies?
USA - Sharpstown is a Texas community, located just southwest of Houston, and the way they maintain security in this community has gotten our attention. In 2012, they fired their cops. The Sharpstown Civic Association then hired SEAL Security Solutions, a private firm, to patrol their streets.
USA - Since 9/11, the government has been encouraging law enforcement agencies to act more aggressively in searching for drugs, contraband, or suspicious people. This aggressive brand of policing has resulted in the seizure of hundreds of millions of dollars from citizens not charged with a crime. Civil forfeiture is basically the process of charging your property, not you, with a crime. If your property is seized and charged, it is up to you to prove your property’s innocence.
USA - A major – and long overdue – upgrade is coming to the US dollar. In short, a completely new form of digital currency is in the works… And although you probably haven’t heard much about this upgrade, at least not yet, anyway (most Americans haven’t)… rest assured, it IS coming. And very soon. A new digital currency “is coming to town,” says Fortune journalist Philip Elmer-DeWitt, “and I can’t wait to try it.”
SYRIA - Drought caused by climate change may have pushed Syria towards the devastating civil war currently ripping the country apart, according to researchers. A new study has found that many parts of the country were hit by a record dry period between 2006 and 2010 which may have propelled the uprising against the Syrian regime in 2011.
ITALY - In this column, Emma Bonino, a former Italian foreign minister and former European Commissioner, argues that German Chancellor Angela Merkel is the de facto representative of Europe in the world today, putting other European heads of states and institutions in the shade. Moreover, the economic and political measures taken by EU member countries since 2008 have aimed at “renationalising” their interests, and the author fears that a definitive crisis of the European federalist project is on the horizon.
USA - A comprehensive and thought-provoking piece by Graeme Wood in the March issue of The Atlantic peels away the politically correct generalizations about the Islamic State in an attempt to clarify what it is and what it wants. “The reality is that the Islamic State is Islamic. Very Islamic,” Wood writes.
ISRAEL - Prime Minister Benjamin Netanyahu paid a visit to the Western Wall on Saturday night, just hours before flying to Washington on one of the most contentious visits there by an Israeli prime minister in recent memory. With the Wall as his backdrop, Netanyahu said he wanted to visit Judaism’s holiest site before embarking on his trip Sunday morning to Washington, where his scheduled speech before Congress on Tuesday has placed him at loggerheads with the White House.
USA - The United States and Israel showed signs of seeking to defuse tensions on Sunday ahead of a speech in Washington by Israeli leader Benjamin Netanyahu when he will warn against a possible nuclear deal with Iran. Policy differences over the negotiations with Iran remained firm, however, as Netanyahu set off for the United States to deliver the speech, which has imperilled ties between the two allies.
USA - The Bethlehem-based news agency Ma’an has cited a Kuwaiti newspaper report Saturday, that US President Barack Obama thwarted an Israeli military attack against Iran's nuclear facilities in 2014 by threatening to shoot down Israeli jets before they could reach their targets in Iran. Following Obama's threat, Prime Minister Binyamin Netanyahu was reportedly forced to abort the planned Iran attack.
USA - Moody's Investors Service has downgraded Chicago's debt rating, citing its overwhelming pension burden. Moody's dropped the city's rating to Baa2. A rating of Baa2 is eight notches below the highest debt rating of Aaa. Moody's said in its statement its outlook for the city remains negative. A drop of two more notches would make mean the city's bonds would become “junk” bonds. Chicago has more than $8 billion in taxpayer-backed general obligation debt, as well as roughly $800 million in additional bonds backed by sales tax and motor fuel tax revenues.
UK - Facebook has vowed to start helping the security services identify potential terrorists who are using the social network after it emerged that it failed to pass on information that could have prevented the murder of Fusilier Lee Rigby. The website, which has more than one billion users, has told the Government it will “rapidly improve” the identification of imminent threats made by people on its network.
USA - As Greece wrangles with its creditors for a more sustainable solution to its debt problems, International Monetary Fund Managing Director Christine Lagarde has been firm in insisting that the new government in Athens honor the country’s previous commitments. The former French finance minister threw cold water this week on the tentative accord between Greece and the European Union, warning that many of Athens’s pledges were vague and “not conveying clear assurances that the government intends to undertake the reforms envisioned.”
GREECE - Neither side holds the upper hand in the strategic game of chicken which could still see Greece forced out of the euro. In any normal contest with creditors, Syriza's position would be hopeless. But nothing about this episode is normal. If EMU were to force Greece out of the euro by withdrawing bank liquidity and deliberately causing the collapse of the Greek financial system - to which the ECB has a duty of care under EU treaty law - they would create a martyr state for the whole European Left.
USA - Google is looking at rolling out yet another revision to their search engine algorithm by curtailing your results to sites it considers to have the most "trustworthiness." New Scientist Explains: Google's search engine currently uses the number of incoming links to a web page as a proxy for quality, determining where it appears in search results. So pages that many other sites link to are ranked higher. This system has brought us the search engine as we know it today, but the downside is that websites full of misinformation can rise up the rankings, if enough people link to them.