Tag Archives: syria

Chart of the Day: Another Sign That Dodd-Frank Is Working

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Via Matt O’Brien, this chart from JP Morgan shows financial sector leverage over the past few decades. As you can see, leverage skyrocketed during the Bush era, which contributed to the 2008 financial meltdown, and then plummeted shortly thereafter. Then it flattened out for a couple of years, and under normal circumstances it probably would have started to climb again when the economy began to recover. Two things stopped it: Dodd-Frank and Basel III, both of which mandated higher capital requirements and thus lower overall leverage levels. This has reduced Wall Street profits but made the banking system safer for everyone.

In other words: financial regulation FTW. Nothing is perfect, and Wall Street is doing everything it can to undermine Dodd-Frank during the rulemaking process, but if it accomplishes nothing except encouraging less leverage it will have done its most important job.

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Chart of the Day: Another Sign That Dodd-Frank Is Working

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Ted! Ted! Ted!

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Here are tonight’s big messages as we all fondly say “Goodbye, Iowa”:

Ted Cruz: I will have the shortest name of any president in history.
Marco Rubio: Benghazi!
Donald Trump: Finishing in the top ten is a great victory.
Jeb Bush: I have a short name too. And hey, I beat Carly.
Republican Party: We count votes a lot more efficiently than those loser Democrats.
Hillary Clinton: A win is a win. Let’s get out of here.
Bernie Sanders: Hmmm. Maybe we’re not that tired of Hillary’s emails after all.
Democratic Party: We may be slow, but we make up for it with a stereotypically cumbersome and complex voting process.

Iowa is historically so unpredictive of anything that I honestly didn’t have a lot of interest in tonight’s results. I was mainly curious about how Donald Trump would somehow spin his second place finish as a victory. The answer, it turned out, was to drone on about how “they” told him to skip Iowa because he wouldn’t even break the top ten. I assume this is the same “they” who repeatedly told Marco Rubio that he was too much of a schmuck to win. Whoever “they” are, they’ve been busy.

And now on to New Hampshire, a state inexplicably in love with Donald Trump. What’s that all about, anyway?

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Ted! Ted! Ted!

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Pentagon Wants a Few More Troops to Fight ISIS

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The Pentagon wants more troops for the fight against ISIS:

Pentagon officials have concluded that hundreds more trainers, advisers and commandos from the United States and its allies will need to be sent to Iraq and Syria in the coming months as the campaign to isolate the Islamic State intensifies.

….With the liberation of the Iraqi city of Ramadi last month, coupled with recent gains in northern Syria, senior military leaders say that the war effort can now focus on isolating — and then liberating — the Islamic State-held cities of Mosul in Iraq, and Raqqa in Syria. “The reason we need new trainers or additional trainers is because that’s really the next step in generating the amount of combat power needed to liberate Mosul,” Col. Steve Warren, the spokesman for the American military in Baghdad, said last week. “We know we will need more brigades to be trained, we’ll need more troops trained in more specialties.”

….The United States has had little success in persuading allies to provide more troops. But Mr. Carter and General Dunford do not want the United States to be the only source of more forces. With ISIS posing a threat to European countries, they are trying again.

I will note a couple of things. First, the Pentagon didn’t call for carpet bombing of ISIS strongholds. Perhaps they know something that Ted Cruz doesn’t? Second, the US has tried repeatedly to get more support from our allies, including those in the Middle East, and gotten nowhere. Some of them are willing to contribute a little bit of air power, but that’s it. None of them have any interest in providing troops. But perhaps Ted Cruz knows the magic words to change their minds.

Last night Cruz said his enthusiasm for carpet bombing wasn’t just tough talk. “It is a different, fundamental military strategy than what we’ve seen from Barack Obama.” Uh huh. In reality, it’s as much a “strategy” as Donald Trump’s call to “bomb the shit out of them.” It’s nothing more than big talk with nothing behind it. The Pentagon has no interest in this because they know it would be useless. They have a hard time finding enough worthwhile targets as it is.

However, there’s something that hasn’t gotten enough attention in all this: Cruz and Trump really have tapped into Ronald Reagan’s military spirit, and I’m surprised the rest of the field hasn’t figured this out. Reagan basically talked tough and spent a lot of money, but shied away from foreign interventions. The invasion of Grenada and his support for the Contras were small things that never risked any US troops. He pulled out of Beirut when things got tough there, never committed any troops to Afghanistan, negotiated with the Iranians, and to the horror of neocons everywhere, nearly concluded an arms deal in with Gorbachev in Reykjavík that would have banned all ballistic missiles.

This is what Cruz and Trump are doing. They talk tough and promise to spend a lot of money, but both of them explicitly want to avoid much in the way of serious intervention overseas. And this is popular. It’s what a lot of conservatives want. If the rest of the world wants to go to hell, let them go to hell in their own way. Bill Kristol is appalled, I’m sure, but his brand of endless intervention has never really caught on—and after Iraq and Afghanistan it’s even less popular than ever. Cruz and Trump have figured this out.

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Pentagon Wants a Few More Troops to Fight ISIS

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Why Syrian Peace Talks Might Collapse Before They Even Begin

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While politicians around the world are focused on ISIS and the threat of Syrian-based terrorism, the fight between the government of Bashar al-Assad and Syria’s rebel groups has continued apace, killing thousands of civilians and drawing major powers further into the fight. But despite the high cost of the civil war, it’s been two years since the two sides last negotiated—and the latest attempt at brokering a peace deal could potentially collapse before it even starts.

Talks mediated by the United Nation’s Syria envoy, Staffan de Mistura, are due to begin between the Syrian government and opposition on Friday in Geneva, but the opposition’s High Negotiations Committee, composed of dissident politicians and rebel leaders, still hasn’t confirmed that it will attend. The Syrian government must stop starving civilians, using barrel bombs, and committing other human rights violations before negotiations start, the HNC says. They argue their conditions are backed by a UN Security Council resolution, passed in December, which “demands that all parties immediately cease any attacks against civilians and civilian objects as such, including attacks against medical facilities and personnel, and any indiscriminate use of weapons.”

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Why Syrian Peace Talks Might Collapse Before They Even Begin

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Republicans Refuse to Vote on Banning Muslims From US

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House Republicans have passed a bill to ban refugees from Syria and Iraq, and today it was up for debate in the Senate:

On Wednesday, Senate Minority Leader Harry Reid (D-Nev.) slammed the refugee bill but said Democrats would allow it to advance if they could offer four amendments, including one aimed at Trump that would put senators on record about whether there should be a religious test for anyone entering the country.

….Senate Republicans declined Reid’s offer and Democrats blocked the refugee legislation….Earlier this month, Reid said he will use every opportunity to try to force Senate votes on policies touted by Trump. This drew a warning from Senate Majority Leader Mitch McConnell (R-Ky.) that he would counter by holding votes on campaign promises made by Democratic presidential candidates Hillary Clinton and Bernie Sanders.

I know this is all just political theater, but it’s still pretty entertaining. I wonder if voting for Trump policies would actually hurt Republicans? I wonder if voting against Trump policies would hurt Republicans? I guess we’ll never know.

Anyway, this is what things have come to: Faced with a ridiculous amendment that would ban Muslims from visiting America, Republicans are afraid to just vote No and then move along. They’re scared that their base would hold it against them. Amazing.

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Republicans Refuse to Vote on Banning Muslims From US

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How the Killing of a Fugitive Russian Spy Could Complicate the War on ISIS

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A British inquiry is set to officially blame the Russian government for the 2006 killing of a former Russian spy in London. But British diplomats will reportedly ask Prime Minister David Cameron not to retaliate against Russia, fearing that sanctions or other measures could sour relations and jeopardize peace talks over Syria.

Alexander Litvinenko, a Russian intelligence whistleblower who fled to the UK and eventually began working for Britain’s MI6, died in 2006 after he was poisoned with radioactive polonium, which was apparently placed in a cup of tea at London’s Millennium Hotel. While on his deathbed, he helped investigators trace the element that killed him back to his assassins. The independent panel that investigated his death will probably say those assassins were sent by the Russian government. “It is most expectable that Russia will be connected somehow to this crime,” Igor Sutyagin of the Royal United Service Institute, a defense think tank in London, told Reuters.

The Guardian reported on Tuesday that while the UK may ask Russia to extradite Litvinenko’s alleged killers, diplomats don’t want to impose new sanctions against Russia or impose travel bans on any Russian officials. “The Foreign Office is eager to avoid a full blown row partly because Putin’s cooperation is badly needed to create a unified front against Islamic State in Syria,” wrote reporters Patrick Wintour and Luke Harding.

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How the Killing of a Fugitive Russian Spy Could Complicate the War on ISIS

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This “Peace Troubadour” Wanted to Perform in ISIS Territory

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James Twyman wants you to know that he’s not going to just wander into ISIS-controlled territory with a guitar slung on his back for his upcoming “peace prayer concert” inside Syria. He isn’t crazy, he tells me over the phone from his houseboat in Oregon. “I have no intention of being a martyr.”

The 53-year-old “Peace Troubadour” first announced his plan to venture into Syria in a blog post last month:

Performing the peace prayers in ISIS Controlled Syria will be the most important and dangerous peace mission of my life…Every peace mission I’ve been on has been dangerous, but this journey is without question the most perilous, and in my opinion—the most important. People everywhere are concerned about the escalating violence in the Middle East, especially with the rise of ISIS, but they don’t feel empowered to be part of the solution. That is what we are about to change.

Twyman’s original idea was to enter Syria through Turkey, travel through Kurdish-controlled areas, and then into ISIS territory, where he would perform wherever he could get to. “But now things have really escalated,” he says. The State Department made it clear that it would have little ability to help him should anything go awry. “People have been writing me, begging me not to go. You know, just the most fearful things you could imagine.” Things like the kidnappings, beheadings, and the chaos that have become ISIS’ trademark. Twyman’s well aware of it all, but says, “I try not to put too much energy in it, but I do need to be responsible about it. I think the most important thing we all need today is courage.”

Now, his plan has changed—phew!—from a really horrible one to a less horrible one. Twyman leaves on the 20th for Italy, where he’ll spend a week preparing for the performance. Then he flies to Tel Aviv to meet with a collection of supporters and a group of Christian, Muslim, and Jewish leaders who will join him as he crosses the Israel-Syria border to Majdal Shams, an Israeli-occupied town in the Golan Heights that overlooks ISIS-held territory several miles away.

This isn’t Twyman’s first musical peace mission. He performed in the Balkans during the region’s wars in the ’90s and sang in Baghdad in 1998—at the behest of Saddam Hussein, he claims.

Twyman hopes that millions of people from around the world will join him in focused prayer as he leads a peace vigil near Majdal Shams and sings an Islamic prayer for peace on February 1. (Watch his rendition in English below.) “There is definitely a correlation between massive numbers of people focusing their energy on a situation, and then a shift in the energy—or a crisis being averted—because of it.” Each of the religious leaders will offer prayers of peace from their own tradition, what Twyman calls “The Great Abrahamic Pulse.”

Twyman says the decision to scale back his Syrian trip is due to the spiritual leaders who are now involved. “I feel that it’s more important that they be there” than to go closer to ISIS territory, he says. “So we’re going to be as close as possible while remaining as safe as possible.” Will he have a security detail? “No,” he tells me. “I’m someone who believes on the power of prayer and positive energy.”

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This “Peace Troubadour” Wanted to Perform in ISIS Territory

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The Pentagon Is Preparing to Go to War With ISIS…on Twitter

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Sen. Marco Rubio (R-Fla.) complained at last week’s GOP presidential debate debate that the United States isn’t doing enough to beat ISIS in the online propaganda battle. “Every war we have ever been involved in has had a propaganda informational aspect to it,” he said. “ISIS is winning the propaganda war.”

That’s probably true: Not only is ISIS skilled at recruiting people online, but the group’s huge, sophisticated video operation and its products are now a hallmark of its brand of terror. The US government’s efforts to counter that machine, led by the State Department, have mostly been a laughingstock. Now the diplomats are getting reinforcements from the Pentagon, which recently got approval to conduct its own online propaganda efforts against terrorist groups and their sympathizers.

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The Pentagon Is Preparing to Go to War With ISIS…on Twitter

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It’s Official: Donald Trump Can Say Anything

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Apparently Donald Trump can literally say anything now and get away with it. Here he is on Vladimir Putin’s comments from this morning:

It is always a great honor to be so nicely complimented by a man so highly respected within his own country and beyond,” Trump said in a statement. “I have always felt that Russia and the United States should be able to work well with each other towards defeating terrorism and restoring world peace, not to mention trade and all of the other benefits derived from mutual respect.”

No doubt—though this “highly respected” man is now directly threatening American military forces in a crucial area of Syria: “Earlier this month, Moscow deployed an SA-17 advanced air defense system near the area and began ‘painting’ U.S. planes, targeting them with radar in what U.S. officials said was a direct and dangerous provocation.” No worries, though. Trump apparently thinks Putin is a great guy who’s eager to restore world peace.

By the way, I notice that most news stories about Putin have started to distance themselves from suggesting that he called Trump “brilliant” or “outstanding.” They’re now more correctly translating Putin’s description as “lively” or “colorful.” Nonetheless, the media still seems to be on the “budding bromance” bandwagon, even though Putin didn’t really say anything complimentary about Trump. I wonder if Trump will change his tune once he finds out?

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It’s Official: Donald Trump Can Say Anything

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Here Is the Worst Answer From Tonight’s Debate

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Here is Hugh Hewitt asking Donald Trump about America’s nuclear triad—missiles, subs, and bombers:

HEWITT: What’s your priority among our nuclear triad?

TRUMP: Well, first of all, I think we need somebody absolutely that we can trust, who is totally responsible; who really knows what he or she is doing. That is so powerful and so important. And one of the things that I’m frankly most proud of is that in 2003, 2004, I was totally against going into Iraq because you’re going to destabilize the Middle East. I called it. I called it very strongly. And it was very important.

But we have to be extremely vigilant and extremely careful when it comes to nuclear. Nuclear changes the whole ball game. Frankly, I would have said get out of Syria; get out — if we didn’t have the power of weaponry today. The power is so massive that we can’t just leave areas that 50 years ago or 75 years ago we wouldn’t care. It was hand-to-hand combat.

The biggest problem this world has today is not President Obama with global warming, which is inconceivable, this is what he’s saying. The biggest problem we have is nuclear — nuclear proliferation and having some maniac, having some madman go out and get a nuclear weapon. That’s in my opinion, that is the single biggest problem that our country faces right now.

HEWITT: Of the three legs of the triad, though, do you have a priority? I want to go to Senator Rubio after that and ask him.

TRUMP: I think — I think, for me, nuclear is just the power, the devastation is very important to me.

I seriously want to hear anyone on the right side of the aisle defend Trump as a potential commander-in-chief after hearing this. Any conservative who still wants this guy as president has forfeited their last smidgen of credibility as anything more than a crude partisan hack.

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Here Is the Worst Answer From Tonight’s Debate

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