Category : Foreign Relations

(LA Times) President Obama again leaves Nigeria off his Africa trip itinerary

Nigeria felt slighted when President Obama overlooked the vast nation on his first African trip as head of state in 2009, instead visiting its shrimp-sized neighbor, Ghana, where he lauded the smaller country’s democratic achievements.

Obama left Nigeria out again in his 2013 visit to Africa. Now, as he prepares for his third and likely final trip to the continent as president, Nigeria is once more being bypassed in favor of Kenya and Ethiopia.

If democratic achievements play a role in the president’s itinerary, Nigerians may be wondering: Why?

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, America/U.S.A., Foreign Relations, Globalization, Nigeria, Politics in General

(Bloomberg) France’s Hollande Proposes Creation of Euro-Zone Government

French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis.

“Circumstances are leading us to accelerate,” Hollande said in an opinion piece published by the Journal du Dimanche on Sunday. “What threatens us is not too much Europe, but a lack of it.”

While the euro zone has a common currency, fiscal and economic policies remain mostly in the hands of each member state. European Central Bank President Mario Draghi made a plea this week for deeper cooperation between the euro members after political squabbles over Greece almost led to a rupture in the single currency.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, History, Politics in General, The Banking System/Sector, Theology

(Daily Trust) Timawus Mathias–New Service Chiefs and a Resurgent Boko Haram

When President Buhari was sworn-in, Nigerians must have expected to hear broadcasts like “every past political office holder should report to the nearest Police Station”. Yet instead, it has been a quiet, slow, and seemingly irresponsive Buhari that has been impossible to predict as the nation is gripped by anxiety.

Nigerians expecting a quick and decisive fix were already deriding the President for being “slow and indecisive”, and refusing to understand that much more important in finding solutions to the problems of the country is the difficult and often slow task of articulating a plan, based on an ideological framework. Even if you had plans to hit the ground running, it matters where you hit ground.

The fact that the activity of the group gained momentum after Buhari’s inaugural pronouncement and slow moves to start off, shows the fundamental need to address the challenge from the root cause. The radicalisation of adherents, and their commitment to their faith-based mission, gives it ability to mutate, splinter, break up into cells and continue with the objective to spread terror. One can assume that momentum gained earlier has been lost due to the delay in determining the new order. One can understand the import of anxieties of the erstwhile service chiefs who Nigerians expected would have been rested long ago. President Buhari it is believed has, by now, received a proper briefing of why the Government did so poorly against the insurgents. Who would tell this better than the men in the situation room, the sacked Service Chiefs? Albeit, it was natural for insurgents to exploit such impasse to revive their deadly attacks that we are witnessing. There seemed to be a letting down of the guard.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, Nigeria, Politics in General, Religion & Culture, Terrorism, Theology, Violence

"The biggest existential threat in the past century"–the view of ISIS from the frontline

The Islamic State extremist group has claimed responsibility for a deadly attack on the Italian embassy in Cairo. The BBC reported that ISIL had called western embassies “legitimate targets”.

Communications Minister Malcolm Turnbull recently said it was important not to underestimate or be complacent about the national security threat from ISIL. He also said it was equally important not to overestimate that threat. He called ISIL twisted and wicked but said it wasn’t Hitler’s Germany or Stalin’s Russia, with their power to conquer or challenge the West.

Australian journalist Martin Chulov has been on the ground in Iraq and Syria for a decade. He is Middle East correspondent for The Guardian and recently won the prestigious Orwell Award for his reporting. In Australia for a series of Guardian lectures, he assesses the current strength of ISIL.

Listen to it all from the Religion and Ethics Report.

Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, Globalization, Islam, Other Faiths, Politics in General, Religion & Culture, Terrorism, Theology, Violence

Urgent action needed on climate change, urges Church of England General Synod

Urgent action is needed to tackle climate change the General Synod pledged today in a wide ranging motion acknowledging that global warming is disproportionately affecting the world’s poorest.

Members overwhelmingly backed a call for world leaders to seek to limit the global rise in average temperatures to a maximum of 2 C – widely considered to be the threshold above which the impacts of climate change will be the most severe.

The motion on combating climate change, the Paris climate change conference and the mission of the Church, included a pledge to draw attention to an initiative to pray and fast for the success of the Paris talks.

The Bishop of Salisbury, Nicholas Holtam, the Church of England’s lead bishop on the environment, introducing the motion, said: “In the last 150 years we have burned fossil fuels that took one billion years to lay down in the earth. The earth cannot sustain this level of consumption. This is about our ‘reading the signs of the times’ and ‘seeking the common good’.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, England / UK, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Religion & Culture, Science & Technology, Theology

(Bloomberg) Iran, World Powers Have Reached Nuclear Agreement

Iran and six world powers sealed a historic accord to curb the Islamic Republic’s nuclear program in return for ending sanctions, capping two years of tough diplomacy with the biggest breakthrough in relations in decades.

Diplomats reached the agreement in Vienna in their 18th day of talks, officials involved in the negotiations said. A final meeting was scheduled to start at 10:30 a.m. local time.

The deal, if approved by the U.S. Congress, promises to end a 12-year standoff that has crippled Iran’s economy and drawn threats of military action from the U.S. and Israel. Full implementation would take months and be contingent on the pace at which Iran meets its obligations. It would enable the oil-rich nation to ramp up energy exports, access international funding and open its doors to global investors.

“This is probably going to go down in history as one of the biggest diplomatic successes of the century,” Ellie Geranmayeh, a policy fellow at the European Council of Foreign Relations, said by phone from London.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Foreign Relations, History, House of Representatives, Iran, Middle East, Office of the President, Politics in General, Science & Technology, Senate

(Economist Erasmus Blog) The euro, theology and values–The meaning of redemption

When big questions, like the future of Europe, hang in the balance, it can be tempting to toy with grand theories about the ways in which religion affects culture and economics. A famous one was put forward by Max Weber (pictured), who posited a link between capitalism and Protestant ideas of guilt and salvation. Such theories usually contain a grain of truth, but religious determinism shouldn’t be pushed too far because there are always exceptions.

Still, as religious-determinist theories go, an interesting one was put forward by Giles Fraser, a well-known left-wing priest of the Church of England, in a recent radio broadcast. He suggested that behind the financial standoff between Greece and Germany, there was a theological difference (between western and eastern Christians) in the understanding of how humans are reconciled with God.

As Mr Fraser recalled, traditional Protestant and Catholic teaching has presented the self-sacrifice of Christ as the payment of a debt to God the Father. In this view, human sinfulness created a debt which simply had to be settled, but could not be repaid by humanity because of its fallen state; so the Son of God stepped in and took care of that vast obligation. For Orthodox theologians, this wrongly portrays God the Father as a sort of heavenly debt-collector who is himself constrained by some iron necessity; they prefer to see the passion story as an act of mercy by a God who is free. Over-simplifying only a little, Mr Fraser observed: “the idea that the cross is some sort of cosmic pay-back for human sin [reflects] a no-pain-no-gain obsession with suffering,” from an eastern Christian viewpoint.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Christology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, G20, Germany, Greece, Politics in General, Religion & Culture, Soteriology, The Banking System/Sector, Theology

(Globe and Mail) Greece bailout deal keeps country in the euro, but for how long?

Greece has received a tentative reprieve from exiting the euro, but the harsh austerity demands piled onto the recession-damaged country may still ultimately force it out the door, economists say.

Some of them think the chances of a Greek exit form the euro ”“ Grexit ”“ have not in any way diminished now that Greece and its creditors have tentatively approved a three-year, €86-billion bailout package that will boost Greece’s debt, increase taxes and trigger privatizations at what will likely be fire-sale prices.

In a note published Monday, Manulife chief economist Megan Greene said the deal, if approved by both sides and the national parliaments of the euro zone countries “will almost certainly be a failure for both political and economic reasons. The immediate risk of Grexit may be slightly lower following the summit conclusions this weekend, but the overall risk of Grexit is materially higher.”

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, The Banking System/Sector, Theology

(FT) Wolfgang Münchau–Greece’s brutal creditors have demolished the eurozone project

The fact that a formal Grexit may have been avoided for the moment is immaterial. Grexit will be back on the table when you have the slightest political accident ”” and there are still many things that could go wrong, both in Greece and in other eurozone parliaments. Any other country that in future might challenge German economic orthodoxy will face similar problems.

This brings us back to a more toxic version of the old exchange-rate mechanism of the 1990s that left countries trapped in a system run primarily for the benefit of Germany, which led to the exit of the British pound and the temporary departure of the Italian lira. What was left was a coalition of countries willing to adjust their economies to Germany’s. Britain had to leave because it was not.

What should the Greeks do now? Forget for a moment the economic debate of the last few months, over issues such as the impact of austerity or economic reforms on growth, and ask yourself this simple question: do you really think that an economic reform programme, for which a government has no political mandate, which has been explicitly rejected in a referendum, that has been forced through by sheer political blackmail, can conceivably work?

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Germany, Globalization, Greece, History, Politics in General, The Banking System/Sector, Theology

(AP) Greece reaches deal with creditors, avoids euro exit

Greece reached a deal with its European creditors Monday, pledging stringent austerity to avoid an exit from the euro and the global financial chaos that could have followed.

The deal calls for Greeks, already reeling from harsh measures and economic decline, to cut back even further in exchange for more loans without which its financial system would surely collapse. The deal, which still needs approval from Greece’s parliament, will be the country’s third bailout in five years.

To get to a deal, Greek Prime Minister Alexis Tsipras had to overcome the fundamental mistrust of many of his allies among the 18 other countries that use the euro, known as the eurozone. Just a week earlier, at his urging, Greeks had voted in a referendum to reject many of the measures he agreed to Monday, and the deal forced him to renege on many of his election promises.

“We managed to avoid the most extreme measures,” Tsipras said. “Greece will fight to return to growth and to reclaim its lost sovereignty.”

Read it all.

Update: Politico also has a summary article on the deal there.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Globalization, Greece, Politics in General, The Banking System/Sector, Theology

(COI Gazette Edit.) Towards the Paris ”˜conference of parties’ Summit on Climate Change

In recent days, the Archbishop of Canterbury, Ecumenical Patriarch Bartholomew and Pope Francis have all spoken out on the vital issue of climate change. It is vital, because the long-term future of the Earth and its inhabitants is at stake. It is no less a matter than that.

The issue of climate change led to the landmark Rio Earth Summit in 1992, which set out a framework for action aimed at stabilising atmospheric concentrations of greenhouse gases to avoid dangerous interference with the climate system. What is termed the Conference of Parties (COP) regularly reviews the implementation of the Rio action programme. The next COP will be held next December in Paris and, for the first time in two decades of UN negotiations, will seek to achieve a legally binding and universal agreement on climate, aiming to keep global warming below 2°C.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, --Justin Welby, Archbishop of Canterbury, Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Globalization, Law & Legal Issues, Other Churches, Politics in General, Pope Francis, Religion & Culture, Roman Catholic, Science & Technology, Theology

(Telegraph) Greek deal in sight as Germany bows to huge global pressure for debt relief

The contours of a deal on Sunday are starting to emerge.

Syriza has requested a three-year package of loans from the eurozone bail-out fund (ESM) – perhaps worth as much as €60bn ”“ and is reportedly ready give ground on tax rises and pension cuts.

Germany’s subtle shift in position comes as the United States, France, and Italy joined in a united call for debt relief, buttressed by a crescendo of emphatic statements by Christine Lagarde, the head of the International Monetary Fund.

“Greece is clearly in a situation of acute crisis, which needs to be addressed seriously and promptly. We remain fully engaged in order to find a solution to restore stability, growth and debt sustainability,” said Ms Lagarde.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Germany, Greece, Politics in General, The Banking System/Sector, Theology

(Reuters) Cameroon repulses Boko Haram attack, kills three militants

Cameroon’s army has repulsed an attack by Boko Haram and killed three of the Nigerian Islamist militants in heavy fighting in the Far North region of the country, a Cameroon government spokesman said on Thursday.

The attack represented a change of tactics by the militants following a series of battlefield defeats this year in which they have lost territory to a regional force that comprises Nigeria, Niger, Chad and Cameroon, spokesman Issa Tchiroma said.

“Early Tuesday morning around 3.:40 a.m. (0140 GMT) an enemy column in four-wheel drive vehicles opened fire on positions held by our defense forces,” he said of the attack in Bodo town.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Africa, Cameroon, Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, Islam, Nigeria, Other Faiths, Politics in General, Religion & Culture, Terrorism, Theology, Violence

(Christian Today) ISIS blows up historic Mosul church, four children killed

Four children were killed when Islamic State blew up an historic church in Mosul, Iraq’s second city.

The blast destroyed the Mother of Aid church, according to the Kurdish news site Rudaw.

Saeed Mamuzini, of the Mosul branch of the Kurdistan Democratic Party, said the children happened to be near the church, which was more than 1,000 years old and was in central Mosul.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Children, Ethics / Moral Theology, Foreign Relations, Iraq, Islam, Middle East, Other Faiths, Politics in General, Religion & Culture, Terrorism, Theology, Violence

([London] Times) Merkel faces rebellion in Berlin over Greek bailout

More than 100 MPs in Angela Merkel’s conservative party group have already written Greece out of the euro, even as its government scrambles to cobble together a plan acceptable to creditors.

The size of the rebellion in her own ranks ”” the Christian Democratic Union and Christian Social Union faction ”” limits the German chancellor’s ability to soften her position against Greece and all but kills off its hope of a huge debt write-off as part of the new bailout plan it needs to prevent a banking collapse.

Alexis Tsipras, the Greek prime minister, has been given until midnight tonight to submit plans justifying another multibillion-euro loan deal to keep Greece afloat or face a future outside the euro, with the EU already preparing humanitarian aid for the Greek people.

Announcing its intention yesterday to seek a three-year bailout, Greece said it wanted to make its €323 billion debt mountain “sustainable and viable over the long term”, code for the cut of 30 per cent demanded by Mr Tsipras.

Read it all 9requires subscription).

Posted in * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Germany, Greece, Politics in General, The Banking System/Sector, Theology

(London Times) Make concessions by tomorrow or you’re out, Greece told

The German Red Cross said today it was willing to rush medical and other humanitarian aid to Greece as the country’s economy teetered on the brink of collapse.

“We are ready in every respect,” spokesman Dieter Schutz told Leipziger Volkszeitung newspaper. “Pensioners, the poor, the sick and refugees” have been hit hardest, he said.

Donald Tusk, the president of the European Council, who will chair the summit said: “I have no doubt that this is the most critical moment in the history of the EU. This will affect all Europe also in the geopolitical sense.”

President Hollande of France, the most optimistic of eurozone leaders on finding a solution, said: “What is at stake is the place of Greece within the EU and therefore the eurozone.”

Read it all (requires subsciption).

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Globalization, Greece, Politics in General, The Banking System/Sector, Theology

(NYT) South Sudan’s Fourth Anniversary Offers Little to Celebrate

For more than 18 months, South Sudan has been torn asunder by a civil war, with towns deserted and in ruins, villages burned to the ground, hundreds of thousands displaced and thousands dead.

But it may not be the battle of arms that poses the most immediate threat to the survival of Mr. Kiir’s government.

It may be the shattered economy.

Western officials say that the government nearly ran out of money in May and that it is being kept afloat only by printing currency at a seemingly unsustainable rate and by a recent loan from a Middle Eastern nation, perhaps Qatar.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --South Sudan, Africa, Anthropology, Defense, National Security, Military, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, History, Pastoral Theology, Politics in General, Sudan, Theology

(NYT) A Mother’s Anguished Choice to Flee Myanmar and Leave One Child Behind

Carrying one child in her arm, a second on her back and holding the hand of a third, Hasinah Izhar waded waist-deep through a mangrove swamp into the Bay of Bengal, toward a fishing boat bobbing in the dusk.

“Troops are coming, troops are coming,” the smuggler said. “Get on the boat quickly.”

If she was going to change her mind, she would have to do it now.

Ms. Izhar, 33, had reached the muddy shore after sneaking down the dirt paths and around the fish ponds of western Myanmar, where she and about one million other members of the Rohingya minority are stateless, shunned and persecuted for their Muslim faith.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Anthropology, Asia, Children, Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, Islam, Marriage & Family, Myanmar/Burma, Other Faiths, Pastoral Theology, Politics in General, Religion & Culture, Theology, Women

(AI) Walter Russell Mead–After The “No” Vote, Soft Grexit Landing Now EU’s Best Option

There are, as many European and American writers have been commenting lately, sound geopolitical reasons to prevent the worst from happening in Greece. Migration issues, NATO issues, energy issues, terrorism, Russia: an angry, inflamed, suffering and radicalized Greece on a kind of Venezuelan path to national destruction could make life much more difficult for Europeans and Americans both. These considerations should be enough to command some attention and resources from policymakers on both sides of the Atlantic sufficient to avert worst case scenarios for the Greek people.

For Grexit to be a step forward rather than a step back, Western and Greek leaders need to become more creative and forward-looking. Washington needs to stop bleating platitudes about the evils of austerity and to start thinking hard about bolstering an alliance that remains critical to its global position; Brussels and Berlin need to move beyond anger at Greek tactics to a sober calculation of Europe’s interests; the Greeks need to reflect on the cost of being represented at a grave hour of national crisis by inexperienced politicians who none of their counterparts in Europe trust or respect.

But Brussels and Berlin (and Paris, Rome and Madrid) need to realize something else. Greece’s problems under the euro have been worse than anyone else’s, but Greece is not totally unique. There are deep design flaws in the euro and the common currency has not worked nearly as well as any of its proponents hoped. The discussion over the future of Greece needs to be delinked from the discussion over the future of the euro””but that doesn’t mean that the future of the euro doesn’t need to be discussed.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Globalization, Greece, Politics in General, The Banking System/Sector, Theology

(PS) Mark Roe–Europe and Greece on the Brink

…the risks have not been eliminated. The margin for error for the major banks and other financial institutions is narrow. Because they are still not strongly capitalized, modest losses from direct defaults and indirect losses from companies with business in Greece can threaten bank equity, causing bankers to cut back on lending. A few miscalculations in a major institution could have substantial repercussions. Making matters worse, central bankers have only a limited capacity to buoy the economy, as interest rates are still near zero.

The second channel through which risk and loss can spread from Greece is other heavily indebted countries, like Spain and Italy. So far, the financial markets have not panicked over the ability of these countries to repay their bonds. But a shift in the political situation ”“ especially in Spain, where the left-wing Podemos party is doing well in the polls ”“ could change that in an instant.

Finally, a Greek default and exit from the eurozone could unleash unpredictable political forces with a knock-on effect on the European economy. After all, it was the first wave of austerity in Greece that led to the election of Syriza, a left-wing party that few had expected would ever govern.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, The Banking System/Sector, Theology

(NPR) Hours From Greek Bailout Vote, 2 Sides Evenly Divided

Greece’s prime minister has put his political clout behind the “no” camp in a referendum to decide whether the country should accept the terms of an international bailout. But the people appear to be evenly split on the issue, according to two new opinion polls.

One survey, conducted by the respected ALCO institute just 48 hours before the referendum that could decide Greece’s economic fate and future in the eurozone, gives the “yes” camp 44.8 percent against 43.4 percent for the “no” side, according to Reuters.

But a second poll, conducted by Public Issue and published in the ruling party’s newspaper, reports a 0.5-percentage-point lead for those opposed to the bailout.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, The Banking System/Sector

(NYT) Mixed Messages and No Progress in Greek Crisis

In the past few days, Prime Minister Alexis Tsipras of Greece has blown up negotiations with European creditors on staving off default, then retreated and accepted more or less the same terms, only to have European leaders tell him the offer had expired.

Greeks are supposed to vote on a referendum this weekend, but no one there or elsewhere seems sure what they will be asked, or what the consequences will be for voting yes or no.

And European leaders here and in Berlin and Paris have been saying distinct ”” sometimes directly contradictory ”” things about whether there is a bailout deal for Greece still on the table, and whether they want Greece to hold its referendum before they can renew discussions about it.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Europe, Foreign Relations, Greece, Politics in General, The Banking System/Sector, Theology

(FT) Gideon Rachman–Europe’s dream is dying in Greece

The danger now is that, just as Greece was once a trailblazer in linking a democratic transition to the European project, so it may become an emblem of a new and dangerous process: the disintegration of the EU. The current crisis could easily lead to the country leaving the euro and eventually the union itself. That would undermine the fundamental EU proposition: that joining the European club is the best guarantee of future prosperity and stability.

Even if an angry and impoverished Greece ultimately remains inside the tent, the link between the EU and prosperity will have been ruptured. For the horrible truth is dawning that it is not just that the EU has failed to deliver on its promises of prosperity and unity. By locking Greece and other EU countries into a failed economic experiment ”” the euro ”” it is now actively destroying wealth, stability and European solidarity.

The dangers of that process are all the more pronounced because Greece is in a highly strategic location. To the south lies the chaos and bloodshed of Libya; to the north lies the instability of the Balkans; to the east, an angry and resurgent Russia.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Greece, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Politics in General, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(WSJ) To Many Iraqis, U.S. Isn’t Really Seeking to Defeat Islamic State

In a tent city under a highway overpass in Baghdad, refugees from Iraq’s Sunni province of Anbar were unanimous about whom to blame for their misery.

“I hold Americans responsible for destroying Anbar,” said former policeman Wassem Khaled, whose home was taken over by Islamic State, or ISIS, after the Iraqi army fled from Anbar’s provincial capital of Ramadi last month.

“We all know that America is providing ISIS with weapons and food, and that it is because of American backing that they have become so strong,” added Abbas Hashem, a 50-year-old who also escaped from Ramadi and now lives in the makeshift Baghdad camp that is only occasionally supplied with water.

Such conspiracy theories about America’s support for Islamic State are outlandish, no doubt. But they are so widespread that they now represent a political reality with real-world consequences””making it harder for the U.S. and allies to cobble together Iraqi forces that could regain the country’s Sunni heartland from Islamic State’s murderous rule one day.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, Iraq, Middle East, Politics in General, Terrorism, Theology

(FP) Rosa Brooks–U.S. Counterterrorism Strategy Is the Definition of Insanity

….I haven’t encountered many defenders of U.S. counterterrorism strikes. Last year, I co-chaired a Stimson Center commission on U.S. drone policy with retired Gen. John Abizaid. The commission, which included former senior military and intelligence officials from both Obama’s and George W. Bush’s administrations, concluded in June 2014 that “the Obama administration’s heavy reliance on targeted killings as a pillar of US counterterrorism strategy rests on questionable assumptions, and risks increasing instability and escalating conflicts. While tactical strikes may have helped keep the homeland free of major terrorist attacks, existing evidence indicates that both Sunni and Shia Islamic extremist groups have grown in scope, lethality and influence in the broader area of operations in the Middle East, Africa and South Asia.” In dozens of interviews and conversations with national security experts since June 2014, I have yet to find anyone who won’t admit, off the record, that U.S. counterterrorism policy is flailing badly.

So here’s the question: If no one except administration press flacks thinks the whack-a-mole approach to counterterrorism is working, why are we still using it?

To me, that’s one of the unsolved mysteries of the universe, right up there with “what is dark matter?” and “why do we yawn?” Why do smart people like Obama and his top advisors continue to rely on counterterrorism policies that aren’t working?

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, History, Politics in General, Terrorism, Theology

(CT Gleanings) Sudan Punishes Imprisoned Pastors after American Advocacy

Two South Sudanese pastors whose legal plight is drawing comparisons to Meriam Ibrahim have been isolated by Sudan. They won’t be heard from until next Thursday, when a judge lets them speak in a Khartoum court.

The question is what role American advocacy played in their relocation to a higher-security prison earlier this month.

The families of Yat Michael (imprisoned for six months) and Peter Yen Reith (imprisoned for five months) were denied visitation on June 4. The day before, a vocal New York City pastor had attempted to visit the two Presbyterian pastors. A few days before that, a Virginia-based Christian TV network aired a telephone interview the two pastors gave from prison.

William Devlin, who pastors Infinity Bible Church in the Bronx, has long advocated for American pastors to travel to “hard, dangerous, difficult places” in support of persecuted Christians. Sudan ranks No. 6 among the world’s most difficult places to be a Christian.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, America/U.S.A., Ethics / Moral Theology, Foreign Relations, Globalization, Law & Legal Issues, Ministry of the Ordained, Missions, Parish Ministry, Pastoral Theology, Politics in General, Religion & Culture, Sudan, Theology

(Economist) Only a matter of time before the next recession strikes+the rich world is not ready

Inevitably fragilities remain. Europe is deep in debt and dependent on exports. Japan cannot get inflation to take hold. Wage growth could quickly dent corporate earnings and valuations in America. Emerging economies, which accounted for the bulk of growth in the post-crisis years, have seen better days. The economies of both Brazil and Russia are expected to shrink this year. Poor trade data suggest that Chinese growth may be slowing faster than the government wishes.

If any of these worries causes a downturn the world will be in a rotten position to do much about it. Rarely have so many large economies been so ill-equipped to manage a recession, whatever its provenance, as our “wriggle-room” ranking makes clear…. Rich countries’ average debt-to-GDP ratio has risen by about 50% since 2007. In Britain and Spain debt has more than doubled. Nobody knows where the ceiling is, but governments that want to splurge will have to win over jumpy electorates as well as nervous creditors. Countries with only tenuous access to bond markets, as in the euro zone’s periphery, may be unable to launch a big fiscal stimulus.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, European Central Bank, Federal Reserve, Foreign Relations, G20, Globalization, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, The Banking System/Sector, The U.S. Government, Theology

(WSJ) U.S. to Add Forces in Iraq, but Move Doesn’t Quell Critics

Sen. John McCain (R., Ariz.) said he remained “deeply concerned” that the additional forces weren’t close enough to the front lines and couldn’t serve as spotters to strengthen the airstrike mission. “That is the kind of assistance the Iraqis need, but the president has refused to provide,” Mr. McCain said.

Members of Mr. Obama’s party were also unsettled. Rep. Adam Schiff, (D., Calif.) said that while he supports Mr. Obama’s move, he wasn’t hopeful about the political changes the Iraqis must make themselves in a country starkly divided along sectarian lines.

“In the absence of these reforms, there is little that we can do to convince Sunnis to cast out ISIL,” Mr. Schiff said, using an alternate term for Islamic State. Sen. Jon Tester (D., Mont.), agreed, saying the U.S. can’t go it alone. “America possesses the greatest fighting force the world has ever known, but we can’t put the Middle East back together by ourselves.”

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, House of Representatives, Iraq, Middle East, Office of the President, Politics in General, Senate, Theology

(McClatchy) Mideast’s worst case: A ”˜big war’ pitting Shia Muslims against Sunni

The Middle East crisis that peaked one year ago Wednesday when the Islamic State captured Mosul may result in the breakup of Iraq and an indefinite continuation of a war in Syria that’s already out of control, analysts say.

Yet still worse things could happen.

“The conditions are very much like 1914,” says Michael Stephens of the Royal United Service Institute in London. “All it will take is one little spark, and Iran and Saudi Arabia will go at each other, believing they are fighting a defensive war.”

Hiwa Osman, an Iraqi Kurdish commentator, was even more blunt: “The whole region is braced for the big war, the war that has not yet happened, the Shiite-Sunni war.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Defense, National Security, Military, Foreign Relations, Islam, Middle East, Other Faiths, Politics in General, Religion & Culture, Terrorism, Violence

(WSJ) Ebola’s Long Shadow: West Africa Struggles to Rebuild Its Ravaged Health-Care System

J.J. Dossen Memorial Hospital, on the southeastern tip of this nation recently declared free of Ebola, has three doctors and spotty electricity. Sixteen of its 46 nurses left during the Ebola crisis. When two motorcycle accident victims needed X-rays, the hospital dispatched them in its only ambulance on a bumpy eight-hour ride to the nearest facility with a machine.

The deadly disease may have receded, but it is still exacting a heavy toll. Run-down, poorly staffed and equipped health facilities allowed Ebola to explode. Since it was identified in early 2014, the epidemic has claimed the lives of 507 health-care workers in three West African countries, all of which already were short of medical professionals. The health-care system was so overwhelmed with Ebola victims that many other patients couldn’t receive care for malaria, heart disease or pregnancy complications. That bill is coming due.

“There are more people who are going to die from Ebola, but not have Ebola,” says Paul Farmer, a Harvard professor and co-founder of the Boston-based charity Partners in Health.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Anthropology, Economy, Ethics / Moral Theology, Foreign Relations, Health & Medicine, Pastoral Theology, Politics in General, Theology