IMF Agrees With Obama: End Fossil Fuel Subsidies, Tax Carbon

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The International Monetary Fund on Wednesday promoted ending fossil fuel subsidies and taxing carbon emissions to discourage excessive energy consumption and combat climate change.

“The link between subsidies, consumption of energy and climate change has added a new dimension to the debate on energy subsides,” David Lipton, IMF first deputy managing director, said in prepared remarks at a Washington event hosted by the Peterson Institute for International Economics.

President Obama’s political goals include stripping back those subsidies. The White House and congressional Democrats want to remove about $4 billion in annual tax provisions awarded to the oil-and-gas industry.

Oil-and-gas interests, and their Republican allies, say the provisions are cost-recovery mechanisms and business deductions that other industries also claim.

In 2011, nations doled out roughly $480 billion of “pre-tax” incentives, which are “when consumers pay less than supply cost of energy,” Lipton explained. They are generally found in emerging economies, according to an IMF report released Wednesday.

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New, International Scandal Threatens Obama, Hillary

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Has the White House been misleading the public by repeatedly denying it was coordinating arms shipments to the rebels in Syria, insurgents known to consist in large part of al-Qaida and other jihadist groups?

Other top U.S. officials and former officials, including former Secretary of State Hillary Clinton, have implied in congressional testimony that they didn’t know about any U.S. involvement in procuring weapons for the rebels. Now, a starkly different picture is emerging, one that threatens the longstanding White House narrative that claims the Obama administration has only supplied nonlethal aid to the rebels.

Confirming WND’s exclusive reporting for over a year, the New York Times two days ago reported that since early 2012, the CIA has been aiding Arab governments and Turkey in obtaining and shipping weapons to the Syrian rebels. While the Times report claims most of the weapons shipments facilitated by the CIA began after the latest presidential election, Middle Eastern security officials speaking to WND have said U.S.-aided weapons shipments go back more than a year, escalating before the Sept. 11, 2012, attack on the U.S. facilities in Benghazi.

Aaron Klein’s New York Times bestseller, “Fool Me Twice,” is more relevant than ever. In fact, the Middle Eastern security officials speaking to WND since last year describe the U.S. mission in Benghazi and nearby CIA annex attacked last September as an intelligence and planning center for U.S. aid to the rebels in the Middle East, particularly those fighting Syrian President Bashar al-Assad’s regime.

The aid, the sources stated, included weapons shipments and was being coordinated with Turkey, Saudi Arabia and Qatar.

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Seal Team 6 Member Says Account of Osama Bin Laden’s Killing, “Complete B.S.”

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In February, Esquire magazine published a lengthy profile of “The Man Who Killed Osama bin Laden.” The story did not identify the killer by his real name, referring to him only as “the Shooter.”

The Shooter told Esquire that the night bin Laden was killed he had encountered al Qaeda’s leader face-to-face in the top-floor bedroom of the compound in Abbottabad, Pakistan, where bin Laden had been hiding for more than five years.

The Shooter explained that when he found bin Laden in his bedroom the al Qaeda leader was standing up and had a gun “within reach” and it was only then that the Shooter fired the two shots into bin Laden’s forehead that killed him. That account was in conflict with the account from another raid participant in a wildly successful book “No Easy Day.”

Now, another member of the secretive SEAL Team 6, which executed the bin Laden raid, tells CNN the story of the Shooter as presented in Esquire is false. According to this serving SEAL Team 6 operator, the story is “complete B-S.”

SEAL Team 6 operators are now in “serious lockdown” when it comes to “talking to anybody” about the bin Laden raid and say they have been frustrated to see what they consider to be the inaccurate story in Esquire receive considerable play without a response. Phil Bronstein, who wrote the 15,000-word piece about the Shooter for Esquire, was booked on CNN, Fox and many other TV networks after his story came out.

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Egyptian Mosque Turned Into House Of Torture For Christians After Muslim Brotherhood Protest

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Photo Credit: MidEast Christian News

Islamic hard-liners stormed a mosque in suburban Cairo, turning it into torture chamber for Christians who had been demonstrating against the ruling Muslim Brotherhood in the latest case of violent persecution that experts fear will only get worse.

Such stories have become increasingly common as tensions between Egypt’s Muslims and Copts mount, but in the latest case, mosque officials corroborated much of the account and even filed a police report. Demonstrators, some of whom were Muslim, say they were taken from the Muslim Brotherhood headquarters in suburban Cairo to a nearby mosque on Friday and tortured for hours by hard-line militia members.

“They accompanied me to one of the mosques in the area and I discovered the mosque was being used to imprison demonstrators and torture them,” Amir Ayad, a Coptic who has been a vocal protester against the regime, told MidEast Christian News from a hospital bed.

Ayad said he was beaten for hours with sticks before being left for dead on a roadside. Amir’s brother, Ezzat Ayad, said he received an anonymous phone call at 3 a.m. Saturday, with the caller saying his brother had been found near death and had been taken to the ambulance.

“He underwent radiation treatment that proved that he suffered a fracture in the bottom of his skull, a fracture in his left arm, a bleeding in the right eye, and birdshot injuries,” Ezzat Ayad said.

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After A Decade Long Wait, China And Russia Ink ‘Super Jet’ Military Deal (+video)

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A recent official visit to Moscow brought back some new souvenirs for the Chinese military. How about a reported 24 Sukhoi SU-35 fighter jets, and four submarines from Russia.

China‘s new president Xi Jinping was in Russia this week to meet with his Russian counterpart Vladimir Putin. Both sides agreed to two arms-sale contracts in which China will buy Russian Sukhoi made fighter jets, Xinhua and Agence France Press reported on Monday.

China has been itching to buy the planes since the 1990s and has been in hot pursuit since last March.

Russia’s Interfax confirmed the existence and date of that agreement back in February, but didn’t speculate on sales numbers. This month, official talks trimmed the order down to 24 planes from an initial discussion of 48 Sukhoi Super Flankers. The Russians are said to have more confidence that China can’t copy their engines, and are also said to need the SU-35 orders because Russia’s Defense Department is ordering follow-on buys of new upgraded Sukhoi SU-35s instead.

The deals raised concern among some regional defense players — namely India. China Central Television reported on Sunday that the purchase deals were signed before President Xi Jinping’s ever stepped foot into Russia. The military deal marks the first time in a decade that China had bought large military technological equipment from Russia, according to official television.

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Chinese Citizen Given 5 Years for Stealing, Taking to China Hundreds of Millions of Dollars of US High-Tech Military Data

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Measured in millimeters, the tiny device was designed to allow drones, missiles and rockets to hit targets without satellite guidance. An advanced version was being developed secretly for the U.S. military by a small company and L-3 Communications, a major defense contractor.

On Monday, Sixing Liu, a Chinese citizen who worked at L-3’s space and navigation division, was sentenced in federal court here to five years and 10 months for taking thousands of files about the device, called a disk resonator gyroscope, and other defense systems to China in violation of a U.S. arms embargo.

The case illustrates what the FBI calls a growing “insider threat” that hasn’t drawn as much attention as Chinese cyber operations. But U.S. authorities warned that this type of espionage can be just as damaging to national security and American business.

“The reason this technology is on the State Department munitions list, and controlled . . . is it can navigate, control and position missiles, aircraft, drones, bombs, lasers and targets very accurately,” said David Smukowski, president of Sensors in Motion, the small company in Bellvue, Wash., developing the technology with L-3. “While it saves lives, it can also be very strategic. It is rocket science.”

Smukowski estimated that the loss of this tiny piece of technology alone could ultimately cost the U.S. military hundreds of millions of dollars.

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U.S. Border Patrol Uniforms Manufactured In Mexico

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U.S. Customs and Border Protection (CBP) has granted uniform contracts to VF Imagewear, Inc., an apparel company that relies on manufacturing sites in Mexico for a “significant percentage” of its occupational garments.

The latest contract with the company was awarded on Dec. 20, 2012, to make “uniform and insignia items” for the CBP at an estimated cost of $6,157,997.57, and a ceiling of $8 million.

The CBP, which is responsible for protecting America’s borders, told CNSNews.com that items from VF Imagewear, a subsidiary of VF Corporation, are manufactured in a number of locations, “including Mexico.”

“There are no domestic preference regulations or statutes applicable to DHS/CBP that would prohibit the manufacture of uniform items in Mexico,” the CBP said. “In fact, United States obligations under International Agreements require that the Agency accept items manufactured in Mexico.”

“Consistent with the foregoing, VF is permitted to provide items manufactured in Mexico under the current contract,” the agency said. According to the company’s 2012 annual report filed with the Securities and Exchange Commission (SEC), “VF operates manufacturing facilities in Mexico, Central and South America, the Caribbean, Europe and the Middle East.”

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Mother Victimized By China’s One-Child Policy Commits Suicide

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In another tragic case, a 42-year-old mother took her life last week inside a local Family Planning Office after two botched forced sterilizations.

Yang Yuzhi, the mother of four, was forced to undergo sterilization surgery in 1995. However, the operation failed, and she was forced again in 2006 to undergo a second sterilization surgery. The surgery failed and led to infections in her intestines, leading to chronic pain and requiring regular doses of medication. Due to the financial burdens, Ms. Yang frequently petitioned the Family Planning Commission (FPC), but to no avail.

At around noon on March 13, 2013, Ms. Yang left home in a normal mental state and went to the local FPC office. Her son, Zhang Zhaofa, later recounted to the media: “The Family Planning Officials told us that while they were discussing Ms. Yang’s case with the village mayor, some workers found her already dead, having hanged herself at the top of the stairs. They secretly called the ambulance to move her body to the hospital, but didn’t inform the family in a timely manner.”

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North Korea Orders Troops Combat Ready to Target US Bases

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North Korea said Tuesday its strategic rocket and long-range artillery units have been ordered to be combat ready, targeting U.S. military bases on Guam, Hawaii, and mainland America after U.S. bombers flew sorties threatening the North.

The order, issued in a statement from the North’s military “supreme command,” marks the latest fiery rhetoric from Pyongyang since the start of joint military drills by U.S. and South Korean forces early this month.

South Korea’s defense ministry said it saw no sign of imminent military action by North Korea. “From this moment, the Supreme Command of the Korean People’s Army will be putting into combat duty posture No. 1 all field artillery units, including long-range artillery units and strategic rocket units, that will target all enemy objects in U.S. invasionary bases on its mainland, Hawaii and Guam,” the North’s KCNA news agency said.

The North previously threatened nuclear attack on the United States and South Korea, although it is not believed to have the capability to hit the continental United States with an atomic weapon.

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Confirmed: Bank Deposits To Be Seized In Cyprus, Many Cypriots Have No Cash (+video)

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Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros, clearing the way for a €10 billion European Union bailout the island nation needs to avoid collapse.

The deal with the EU was struck early Monday after days of frantic negotiations that followed the rejection by Cypriot lawmakers of Plan A. That proposal, unveiled little over a week ago, would have imposed a tax on all account holders to raise funds to recapitalize the failing banks.

Now the new bailout plan will protect all deposits of less than €100,000 euros but is likely to mean much bigger losses for account holders with more than €100,000 at the two biggest banks — the Bank of Cyprus and Popular Bank of Cyprus.

Popular Bank will be broken up immediately. Its viable assets will be integrated into the Bank of Cyprus, and its non-performing loans will be moved into a “bad bank” to be wound down.

The “haircut” for Popular Bank depositors will raise about €4.2 billion, while shareholders and bondholders are likely to be wiped out. The scale of depositors’ contribution to the restructuring of Bank of Cyprus has yet to be fixed.

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