Israel

Obama Administration Abstains, Defying Trump, As UN Votes To Condemn Israel Settlements

Israel lashed out at the Obama administration "friends don't act that way" after Ambassador Power abstained (refusing to veto) as The United Nations passed a resolution demanding Israel to stop settlement building on occupied Palestinian territory. As NYTimes notes, the administration’s decision not to veto the measure broke a longstanding American tradition of serving as Israel’s sturdiest diplomatic shield, and defied extraordinary pressure from President-elect Trump.

Credit Suisse Settles With DOJ For $5.3 Billion; Will Pay $2.5 Billion Civil Penalty

Credit Suisse agreed to pay $5.28 billion to resolve a U.S. investigation into its business in mortgage-backed securities as officials work through a backlog of crisis-era bank cases. The Swiss lender will pay a $2.48 billion civil penalty and $2.8 billion in relief for homeowners and communities hit by the collapse in home prices, it said in a statement Friday.

Merkel Government Still In Denial

The police union in the German state of Thuringia issued an open letter to the state's Interior Minister, describing the crumbling law-and-order situation amid the rising migrant crime: "[You] are abandoning us completely helpless to a superior force... But what changes? Nothing. One instead gets a sense of uninterest." Meanwhile, representatives of Arab community were reported telling the police in Ruhr, "The police will not win a war with us because we are too many."

Frontrunning: December 21

  • Futures little changed after Dow, Nasdaq hit records (Reuters); Europe Stocks’ Rally Dims as Banks Drop; Oil Gains (BBG)
  • Monte dei Paschi says could run out of liquidity after four months (Reuters)
  • Spanish Banks Lose EU Case on Mortgage Interest Repayments (BBG)
  • Russia says trust needed for global oil output deal to be success (Reuters)
  • U.S. plays down absence from Moscow talks on Syria, says not 'sidelined' (Reuters)

Damaging The Deep State: Trump, Russia, And China

It has become clear Trump's attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the deep state, causing it great resentment, which under Obama, Clinton and the Bushes, ran geopolitical policy. From January, barring accidents the world will not be the same, the establishment up-ended.

The Lessons Of Aleppo (For Trump)

"Do not even consider getting into a new Middle East war - unless Congress votes to authorize it, the American people are united behind it, vital U.S. interests are clearly imperiled, and we know how the war ends and when we can come home. For wars have a habit of destroying presidencies."

Iran Lashes Out At US, Will Build Nuclear-Powered Boats In Retaliation To US Deal "Violation"

"The United States has not fully delivered its commitments in the (the nuclear deal)," Iran president Rouhani wrote on Tuesday. "With regards to recent (U.S. congress) legislation to extend the Iran Sanctions Act, I order to ... plan the design and construction of a nuclear propeller to be used in marine transportation to be used in marine transportation."

Frontrunning: December 13

  • Trump Picks Exxon Chief for State Amid Concerns (Reuters)
  • Buoyant Markets Pose New Challenge for the Fed (WSJ)
  • Tweeter-in-Chief Trump Faces Test After Yellen’s Rate Decision (BBG)
  • Trump Dissing Daily Intelligence Briefing Worsens Rift With CIA (BBG)
  • SWIFT confirms new cyber thefts, hacking tactics (Reuters)

Iran Warns Of "World War, The Destruction Of Israel", If Trump Tears Up Nuclear Pact

"Enemies may want to impose a war on us based on false calculations and only taking into consideration their material capabilities... Such a war would mean the destruction of the Zionist regime (Israel) ... and will engulf the whole region and could lead to a world war,' Iranian Defense Minister Hossein Dehghan said quoted by Mehr.