At a time when President Obama has moved troops out of Iraq and is moving them out of Afghanistan, it’s looking increasingly like our worries in the Middle East are far from over. Maybe it’s not unprecedented, but it’s highly unusual for a sitting secretary of defense to worry in print (to Washington Post columnist David Ignatius) that Israel could launch a strike against Iran as early as this spring. The point of the Israeli attack, according to Ignatius and Panetta, would be to stop Iran before it begins building a nuclear bomb. The U.S. is saying that it would find such a move foolhardy, and yet also reassuring both the Israeli and American publics that it is committed to Israel’s security.
The Great Debate
On Monday, unless the Palestinians can be persuaded to back down, the U.N. Educational, Scientific and Cultural Organization (UNESCO) will vote to accept Palestine as a full member state, triggering an automatic cutoff of U.S. funding and wreaking havoc with many of the agency’s programs.
By Ted Grossman
The opinions expressed are his own.
Today at the United Nations, Israeli Prime Minister Benjamin Netanyahu and Palestinian president Mahmoud Abbas will speak for their peoples on the world stage in front of the General Assembly. Several hundred miles farther south on Capitol Hill, House Republicans have introduced legislation requiring the UN to adopt a voluntary budget model ending funding for Palestinian refugees, allowing Congress to control and allot the distribution of funds to Palestine, and cutting contributions to peacekeeping operations until management changes are made. And six thousand miles – half a world – beyond that, 44 Palestinian and Israeli students are working as business partners in the Middle East to run two entrepreneurial ventures. This summer, I witnessed an example of their cooperative spirit when the group – 20 Palestinians, 17 Israeli Jews, and 7 Israeli Arabs – came together at Babson College in Wellesley, MA for an intensive program in entrepreneurship.
from Ian Bremmer:
By Ian Bremmer
The opinions expressed are his own.
If President Obama thinks he's having a tough month, he's got nothing on Israel's Bibi Netanyahu. In Tel Aviv, hundreds of thousands of Israelis are protesting the cost of living. In New York, the Palestinians are readying a statehood resolution at the United Nations. In Ankara, the Turkish government has expelled the Israeli ambassador from the country. And in Cairo, an Egyptian crowd is taking the job on themselves, attacking the Israeli embassy.
Could the dreaded R word come back to haunt the developing world? A study by Goldman Sachs shows how differently financial markets and surveys are assessing the possibility of a recession in emerging markets.
One part of the Goldman study comprising survey-based leading indicators saw the probability of recession as very low across central and eastern Europe, Middle East and Africa. These give a picture of where each economy currently stands in the cycle. This model found risks to be highest in Turkey and South Africa, with a 38-40 percent possibility of recession in these countries.
On the other hand, financial markets, which have sold off sharply over the past month, signalled a more pessimistic outcome. Goldman says these indicators forecast a 67 percent probability of recession in the Czech Republic and 58 percent in Israel, followed by Poland and Turkey. Unlike the survey, financial data were more positive on South Africa than the others, seeing a relatively low 32 percent recession risk.
Goldman analysts say the recession probabilities signalled by the survey-based indicator jell with its own forecasts of a soft patch followed by a broad sustained recovery for CEEMEA economies.
"The slowdown signalled by the financial indicators appears to go beyond the ‘soft patch’ that we are currently forecasting," Goldman says, adding: "The key question now is whether or not the market has gone too far in pricing in a more serious economic downturn."
from Bernd Debusmann:
On February 18, the United States vetoed a U.N. Security Council resolution on Israeli settlements in occupied Palestinian territories. The vote raises a question: Who dominates in the alliance between America and Israel?
-The views expressed are the author’s own-
For the past four decades, there has been an elephant in the room whenever experts and government officials met to discuss nuclear weapons. The elephant is Israel’s sizeable nuclear arsenal, undeclared under a U.S.-blessed policy of “nuclear opacity.”
The following are excerpts from STRATFOR’s geopolitical weekly column by George Friedman, chief executive officer of STRATFOR, a global intelligence company. He is the author of numerous books and articles on international affairs, warfare and intelligence. His most recent book is “The Next 100 Years: A Forecast for the 21st Century.” The opinions expressed are the author’s own.