Wall Street Retreats, as China’s Weakening Growth Pulls Shares and Oil Lower

By THE ASSOCIATED PRESSSEPT. 22, 2014

(Published in the Wall Street Journal) 

Worries about the outlook for growth in China and a slide in the price of oil pushed the stock market to its biggest loss in almost seven weeks on Monday.

Investors are nervous about China after a run of soft economic data that suggested growth there, the No. 2 economy after the United States, was slowing. The worries about China helped push down the price of oil, and that in turn weighed on energy stocks.

Isis onslaught against Kurds in Syria brings ‘man-made disaster’ into Turkey

In the border town of Suruç, there is anger and despair among the Syrian Kurd refugees who have joined the exodus

Constanze Letsch in Suruç

The Guardian, Monday 22 September 2014 20.43 BST

In the small bus shuttling passengers between Gaziantep and the small predominantly Kurdish border town of Suruç, all conversation is focused on one topic only.

“Suruç is teeming,” says Izzettin Abdi Hacirashad, 51, a spare parts trader. “In the parks, the bus station, the streets. Everywhere. You will see.”

With One Battle Over in Scotland, Another Begins

By JOHN F. BURNSSEPT. 21, 2014

The New York Times

AUCHTERARDER, Scotland — With one struggle concluded and another set to begin, this ancient slate-gray town in the russet-leaved approaches to the Scottish Highlands has been busy in recent days, swapping the political passions of last week for the breezier enthusiasms involved in preparing for what many local residents regard as the greatest sporting event ever to be staged in Scotland.

U.S. and Arab partners bomb ISIS in Syria

By Holly Yan and Jim Sciutto, CNN

September 23, 2014 -- Updated 1053 GMT (1853 HKT)

(CNN) -- The United States and several Arab nations rained bombs on ISIS targets in Syria on Tuesday -- the first U.S. military offensive in the war-torn country and a forceful message to the militant group that the U.S. would not stand by idly while it carried out its rampage of terror.

The airstrikes focused on the city of Raqqa, the declared capital of ISIS' self-proclaimed Islamic State. But other areas were hit as well.

The operation began with a flurry of Tomahawk missiles launched from the sea, followed by attacks from bomber and fighter aircraft, a senior U.S. military official told CNN.

James Clapper: We underestimated the Islamic State’s ‘will to fight’

The Washington Post 

By David Ignatius Opinion writer September 18

The United States has made the same mistake in evaluating fighters from the Islamic State that it did in Vietnam — underestimating the enemy’s will, according to James Clapper, the director of national intelligence.

Scottish Vote on Independence Starts

Referendum Will Determine Whether Scotland Splits From the U.K.

The Wall Street Journal

By JASON DOUGLAS, JENNY GROSS and CASSIE WERBER

Updated Sept. 18, 2014 5:40 a.m. ET

EDINBURGH—Voters in Scotland on Thursday began casting their ballots in a historic referendum on whether to go it alone as an independent country or remain part of the U.K.

ECB hands out cheap credit to banks to boost economy

BY EVA TAYLOR AND JOHN O'DONNELL

FRANKFURT Thu Sep 18, 2014 5:35am EDT

(Reuters) - The European Central Bank handed out the first of its new four-year loans to banks on Thursday, the flagship tool in a new stimulus package it hopes will stave off price deflation and revive the ailing euro zone economy.

Ten Things to Know About Scotland's Independence Referendum

BY ALASTAIR JAMIESON

NBCnews

NDON -- Britain is under 72 hours away from a once-in-a-lifetime vote on Scottish independence that could break up the 307-year-old United Kingdom, splitting apart one of America’s key global allies. With polls suggesting that a Scottish split from the rest of Britain is a real possibility, lawmakers including Prime Minister David Cameron are making urgent appeals to save Britain its biggest constitutional upheaval since the Wars of Independence that led to the creation of the United States.

What will be voted on?

Dollar drops to two week-low vs euro ahead of Fed outcome

BY GERTRUDE CHAVEZ-DREYFUSS

NEW YORK Tue Sep 16, 2014 3:49pm EDT

…"If Scotland becomes separate from the UK, it will most likely become a member of the EU. When it does, it will realise it cannot be 'independent, ever, because many aspects of life (political and economic) will be dictated by Brussels," said SLJ's Jen…

Ratings upgrade subdues Greek yields, Irish supply eyed

Mon Sep 15, 2014 11:56am EDT

Reuters

* Investors buoyed by S&P ratings lift

* PM Samaras says Greece will not need third bailout

* Fed meeting, Scotland vote pose volatility risks

* Spain's bonds claws back ground after torrid week (Updates prices, adds analyst comment)

By John Geddie

Ukrainian president offers rebels major concessions to end uprising

By Anthony Faiola September 15 at 2:36 PM

KIEV, UKRAINE — President Petro Poroshenko on Monday proposed a series of major concessions to end the uprising by pro-Russian rebels in restive eastern Ukraine, offering the separatists a broad amnesty and special self-governance status for territories they occupy.

The proposal also includes protections for the Russian language and would allow the separatist-controlled regions to elect their own judges, create their own police forces and cultivate deeper ties to Russia — while remaining part of Ukraine.

Greece deserves respect for holding to its word

September 15 at 5:35 PM

Letters To The Editor

The Washington Post

Instead of applauding Greece for meeting its responsibility to NATO during a time of unprecedented economic crisis, Charles Lane chose to take an unnecessary, sarcastic swipe at the United States’ longtime ally in his Sept. 4 op-ed column, “ Bombs or benefits? ”

During the crisis, Greece has resisted compromising its defense budget. It is one of four NATO members to meet the alliance’s mandated standard to spend at least 2 percent of gross domestic product on defense. Greece spends nearly 2.3 percent.

Obama’s advantages as a reluctant warrior

By David Ignatius Opinion writer September 11

The Washington Post

President Obama certainly didn’t go looking for another war in the Middle East. Indeed, he contorted himself almost to the breaking point to avoid one. But as he explained to the country Wednesday night, he had no choice but to respond with “strength and resolve” to the barbarous Islamic State that is ravaging Iraq and Syria.

Obama’s decision to combat the Islamic State offers him a chance to reset U.S. leadership and his own presidency after growing doubt at home and abroad about what, if anything, he was willing to fight for. His innate cautiousness is now actually a reassurance that he’ll fight this war sensibly, partnering with allies in the region, in a way that doesn’t needlessly exacerbate the United States’ problems with the Muslim world.

Το κόστος των προτάσεων

ΜΠΑΜΠΗΣ ΠΑΠΑΔΗΜΗΤΡΙΟΥ

Δημοσιεύθηκε στον ιστότοπο της εφ. Καθημερινή http://www.kathimerini.gr/782209/opinion/epikairothta/politikh/to-kostos-twn-protasewn

Πριν από λίγες ημέρες, ο Γιάννης Δραγασάκης, υπεύθυνος για τη σύνταξη του προγράμματος, ανακοίνωσε ότι το κόμμα του ΣΥΡΙΖΑ θα προωθούσε, αν ήταν κυβέρνηση, ειδικό πρόγραμμα απασχόλησης ύψους 5 δισ. ευρώ, ώστε να δημιουργηθούν 200 με 300 χιλιάδες θέσεις εργασίας.

Πρόχειρος υπολογισμός δείχνει ότι οι υπολογισμοί των οικονομολόγων της αντιπολίτευσης στηρίζονται σε ένα κόστος μεταξύ 16 και 25 χιλιάδες για κάθε μια θέση εργασίας.

Φαίνεται ότι στην αντιπολίτευση βρήκαν τη «φιλοσοφική λίθο»

Longtime Rivals Look to Team Up to Confront ISIS

The New York Times

By TIM ARANGOSEPT. 9, 2014

BAGHDAD — As the United States and its allies look to fight the Islamic State in Iraq and Syria, longtime adversaries with a common fear of the radical movement are scrambling to see if they can cooperate to defeat the rising threat.

The jihadist group known as ISIS has so far thrived in part because its enemies are also enemies of one another, a reality that has complicated efforts to muster a strong response to its rampage. That factor has been a crucial consideration in war planning in capitals as diverse as Tehran and Washington, London and Damascus. But the potential threat has also forced a re-examination of centuries old tensions between Sunnis and Shiites, Kurds and Turks.

Cease-fire in Ukraine threatened as fighting breaks out in east

The Washington Post

KIEV, Ukraine — Ukraine struggled to maintain a tenuous cease-fire with pro-Russian rebels after a series of repeated breaches Sunday, even as the government here faced the equally daunting task of selling the peace plan to the nation.

Firefights broke out near the rebel-held city of Donetsk as well as east of the key port city of Mariupol, eyewitnesses said. Yet Ukrainian officials maintained that in general, the truce, which went into effect Friday evening, was holding.

“The Ukrainian government still believes in the cease-fire ­despite the violations,” said Volodymyr Poleviy, deputy spokesman for Ukraine’s National Security Defense Council.

Destroying ISIS May Take Years, U.S. Officials Say

By ERIC SCHMITT, MICHAEL R. GORDON and HELENE COOPERSEPT. 7, 2014

The New  York Times

WASHINGTON — The Obama administration is preparing to carry out a campaign against the Islamic State in Iraq and Syria that may take three years to complete, requiring a sustained effort that could last until after President Obama has left office, according to senior administration officials.

The first phase, an air campaign with nearly 145 airstrikes in the past month, is already underway to protect ethnic and religious minorities and American diplomatic, intelligence and military personnel, and their facilities, as well as to begin rolling back ISIS gains in northern and western Iraq.

The next phase, which would begin sometime after Iraq forms a more inclusive government, scheduled this week, is expected to involve an intensified effort to train, advise or equip the Iraqi military, Kurdish fighters and possibly members of Sunni tribes.

US air strikes push Isis back from strategic Iraqi dam

Warplanes wipe out Islamist forces trying to attack Haditha dam in western province of Anbar

The Guardian

US warplanes have carried out five strikes on Islamist insurgents menacing Iraq’s Haditha dam, witnesses and officials said, widening what President Barack Obama called a campaign to curb and ultimately defeat the militants.

Obama has branded Islamic State (Isis) forces an acute threat to the west as well as the Middle East and said that key Nato allies stood ready to back Washington in action against the group, which has seized expanses of northern Iraq and eastern Syria and declared a border-blurring religious caliphate.

Official: Russian forces back rebels with tanks in eastern Ukraine

By Victoria Butenko, Laura Smith-Spark and Diana Magnay, CNN

August 28, 2014 -- Updated 1010 GMT (1810 HKT)

Kiev, Ukraine (CNN) -- Pro-Moscow rebel forces in eastern Ukraine, backed by Russian tanks and armored personnel carriers, battled government forces on two fronts Thursday, a Ukrainian military official said.

The fighting was taking place southeast of Donetsk, and along the nation's southern coast in the town of Novoazovsk, about 12 miles (20 km) from the Russian border, according to Mykhailo Lysenko, the deputy commander of the Ukrainian Donbas battalion.

"This is a full-scale invasion," Lysenko said, referring to the fighting in the south.

In a Cabinet meeting Thursday, Ukraine's Prime Minister, Arseniy Yatsenyuk, called for an immediate U.N. Security Council meeting.

Pentagon warns that Isis has global aspirations as US continues Iraq strikes

US effort to build international coalition against Isis advanced, as UK and six other nations agreed to arm the Kurdish peshmerga

The Guardian

Spencer Ackerman in New York

The Pentagon warned on Tuesday that Islamic State (Isis) militants have global aspirations, ratcheting up already dire US rhetoric against the jihadist army that has overrun much of Iraq and Syria.