Puppet MastersS


Wall Street

Credit Suisse execs to cut their bonuses 40% after shareholder backlash

Credit Suisse building
© Arnd Wiegmann / Reuters
Swiss multinational bank Credit Suisse is planning to slash bonuses for its top management by 40 percent following harsh criticism from shareholders over plans to make $78 million in payouts despite heavy losses.

The board of directors also offered to keep executives' salaries at the same level as 2015 and 2016. Switzerland's second-largest bank has posted two straight years of losses.

The decision to cut variable compensation for the top managers reflects "the total confidence" they have in fixing the bank's fortunes, according to Credit Suisse Chief Executive Tidjane Thiam.

"My highest priority is to see through the turnaround of Credit Suisse which is under way. I hope that this decision will alleviate some of the concerns expressed by some shareholders and will allow the executive team to continue to focus on the task at hand," Thiam wrote in a letter to shareholders.

Comment: More troubles: Tax evasion tip-off leaves Credit Suisse facing more investigations


Map

Libya enters new phase of armed conflict

Libya destruction
Alarm bells are ringing. The world has another armed conflict on its map.

East Libyan forces led by General Khalifa Haftar are about to take control of the Tamanhent air base near the city of Sabha, which is located on the frontline between rival forces based in eastern and western Libya. The leadership of the UN-backed Government of National Accord (GNA) in the capital, Tripoli, has ordered its forces to counter the attack. According to Libyan media outlets, heavy fighting is taking place in the area.

With the two leading competitors at war, the Libyan conflict has entered a new phase - a problem for the international community to face. Several members of the House of Representatives (HoR) based in Tobruk have called for an immediate no-fly zone in southern Libya. It means the UN Security Council will have to tackle the issue soon against the background of its failure to agree on a draft resolution on Syria.

Jet5

World held hostage by the warmongering American military

GBU-43/B Massive Ordnance Air Blast
© U.S. Department of DefenseGBU-43/B Massive Ordnance Air Blast.
Whether a nuclear war breaks out within the next few days or not - the despicable fact remains, that the entire world is being held hostage by American military madness.

It seems only a matter of time before the US finally triggers a war with any number of foreign states that it designates as "enemies" - North Korea, Syria, Iran, Russia or China.

Or any other state whom Washington deems to be a "threat" in its paranoid hegemonic view of the world. The common denominator here is US military aggression.

And what makes US military power so dangerous is that the people who run that country are, to be blunt, so stupid - full of their own delusion self-righteousness and ignorance.

Quenelle - Golden

Tillerson backs down from 'ultimatum mission' to Moscow

 Sergei Lavrov  Rex Tillerson
© Sergei Karpukhin / ReutersRussian Foreign Minister Sergei Lavrov and US Secretary of State Rex Tillerson
US Secretary of State Rex Tillerson, nicknamed T-Rex, was in Moscow this week roaring with an ultimatum and threats of isolating Russia. After hours of intense talks, the American meekly quit the Russian capital, more like a wounded vegetable-munching sauropod.

The former oil tycoon, famed for his no-nonsense brusque manner, was billed as heading to Moscow ready for a bruising encounter. Western media were relishing the American delivering the riot act to the Russian leadership over its alliance with Syria.

USA Today put Tillerson's mission tersely: "Russia must choose between Assad and US."

The Washington Times headlined: "Tillerson delivers ultimatum to Russia: Side with US on Syria or embrace Iran, Hezbollah."

Comment: While many commentators take the claim that 'Russian and US relations have reached a new low' at face value, there may be more to it than meets the eye.

Check out: Scott Adams: U.S. and Russian relations at a low?
For Trump, pretending to have bad relations with Russia solves for his "Puppet of Putin" problem while giving him room to improve. He's setting the bar as low as the bar will go. And he gets a free pass on Russian relations right now because public opinion in the United States is supportive of the Syrian strike. Later, when relations with Russia improve, it will look like progress. Trump wins now, and he wins later too.



Quenelle

Russian MoD: Pentagon always has some 'irrefutable proof' to justify crimes against humanity

Pentagon
© Flickr/ Rudi Riet
The US has no convincing evidence that the Syrian government was behind the alleged chemical weapons attack in Idlib, the Russian Ministry of Defense said, denying a CNN report claiming the US had intercepted Syrian military communications proving this.

"If the US intelligence services choose to keep their alleged evidence of crimes against humanity secret, there can only be one possible explanation - they simply have no irrefutable evidence," the spokesman for the Russian Defense Ministry, Major General Igor Konashenkov, said on Friday, according to TASS.

The Russian Ministry of Defense said the CNN report was based on "pseudo-evidence" that the US media often uses to support Washington's objectives.

Eye 1

Syria: Watching the Jordanian border

US troops
While focus regarding the Syrian conflict has shifted almost exclusively to recent US cruise missile strikes, what the strikes are designed to lay the groundwork for holds much larger implications. Particular attention should be focused on US forces operating both within Syrian territory and along Syria's borders.

Normalizing the use of stand-off weapons like cruise missiles makes it easier and more likely that similar attacks will unfold in the near future - particularly if Syria and its allies fail to demonstrate a significant deterrence against future attacks.

The use of stand-off weapons by the United States and the routine use of airstrikes by US allies including Israel within Syrian territory will likely open the door to wider and more direct military intervention against the Syrian government.

USA

US drops largest non-nuclear bomb on Afghanistan, first time used in combat (Update)

US GBU-43/B Massive Ordnance Air Blast Bomb (MOAB)
© United States Department of Defence / Wikipedia
The US military has used its GBU-43/B Massive Ordnance Air Blast Bomb (MOAB), nicknamed "the mother of all bombs," for the first time in combat. The US Air Force used it in Afghanistan to target Islamic State tunnels and personnel.

The 21,000-pound (9,525 kg) bomb was dropped in the Achin district of the Nangarhar province in eastern Afghanistan.

The Pentagon has confirmed the use of the MOAB, and is currently assessing damage. General John Nicholson, commander of US forces in Afghanistan, signed off on its use, CNN reported. Authority was also sought from General Joseph Votel, commander of US Central Command (CENTCOM).

Comment:

Update April 14: US forces in Afghanistan have released video footage of the airstrike showing the devastation from the 11-ton yield bomb:


Update: The Afghan Defense Ministry has said that the bomb has killed up to 36 terrorists, with no deaths of civilians:
"No civilian has been hurt and only the base, which Daesh used to launch attacks in other parts of the province, was destroyed," Dawlat Waziri, a spokesman for the Afghan ministry, said.

The Afghan report could not be independently verified, Reuters noted.

IS took to the internet on Friday, denying it had suffered any casualties from the giant bomb dropped by the Americans, AFP reported.

Former Afghan President Hamid Karzai condemned the use of the MOAB on his country's soil.

"This is not the war on terror, but the inhuman and most brutal misuse of our country as a testing ground for new and dangerous weapons," he said in a tweet.



Rocket

1st video released of US mega-bomb strike against ISIS in Afghanistan

Bomb strike
© USForces Afghanistan / Twitter
US Forces in Afghanistan have released aerial footage of the Massive Ordnance Air Blast (MOAB) strike on an Islamic State cave and tunnel systems in the Achin district on Thursday.


Comment: See also: US drops largest non-nuclear bomb on Afghanistan, first time used in combat


Info

Kremlin sets condition for Russia's restoration of memo with US on Syria flights

Russian fighter jet
© Sputnik/ Dmitriy Vinogradov
Kremlin spokesman Dmitry Peskov said that Moscow is ready to restore the memorandum on the safety of flights over Syria if Washington's "unpredictable actions" don't repeat.

"On the condition of understanding that such [US] unpredictable actions don't repeat," the Kremlin spokesman said answering a question what could be the condition for Russia's restoration of the deconfliction channel with the US on the flights in Syria.

He classified the US' unpredictability "in the sense that an alleged Syrian army involvement in a chemical attack was declared as the reason for the [April 7 missile attack on Sha'irat airfield in Syria] action."

"This charge was laid without any grounds, conducting a probe and without even attempting to conduct this investigation," Peskov said.


Info

Turkish PM vows to resign if Turks vote for extending Erdogan's powers - and it ends up leading to a federal system

Binali Yildirim
© REUTERS/ Umit Bektas
Turkish Prime Minister Binali Yildirim said on Friday that he would step down if the country decided to change its government from its current parliamentary form to the federal one following the nation's referendum this weekend.

Earlier in the day, Nationalist Movement Party (MHP) leader Devlet Bahceli, who was key to making the upcoming referendum on constitutional changes possible by backing it along with the ruling Justice and Development Party (AKP) early this year, called on the government to make public assurances that the proposed constitutional changes would not shift Turkey to a state-based federal system.

"Those, who can invent nothing, say now that Turkey will reject the unitary system. In other words, there would be a central government and many small governments ... How can it be? If such [federal] system emerges, I will immediately step down as the party's head and prime minister," Yildirim said at a meeting with non-governmental organizations in Ankara.