U.S. President Barack Obama signed legislation this week imposing tough sanctions on Iran’s relatively unique state-owned central bank, prompting a steep drop in the value of the Iranian rial. He also added a controversial “signing statement” indicating that he would violate the law if it interfered with his agenda and purported authority.
This is a follow-up article to yesterday's "Big Push for UN’s International Criminal Court"
The International Criminal Court has been dependent on a vast support network of non-governmental organizations (NGOs) from the get-go. Long before the United Nations 1998 Rome conference which established the ICC, the UN’s army of NGO activists provided boots on the ground for aggressive lobbying of national governments to support creation of the tribunal.
The $30 billion sale of arms to Saudi Arabia, announced by the Obama administration on Thursday is a continuation of a history of U.S. weapons sales that has resulted in the arming of a wide array of enemies as well as friends of America in the Middle East and other parts of the world. The deal includes the sale of 84 F-15 jets and “assorted weaponry” to the Arab kingdom, the Washington Post reported. It also provides for the modernization of 70 of the Saudi's current aircraft, as well as munitions, spare parts, training, and maintenance. The announcement comes at a time of increasing tension between the United States and the Saudis' neighbors in Iran and threats and counter-threats surrounding the strategically important Persian Gulf region.
Despite assertions from Federal Reserve officials that the United States would not play a role in bailing out European banks, that is exactly what has happened — again.
Earlier in the month, Federal Reserve Chairman Ben Bernanke (left) told the U.S. Senate that the Fed had no intention of bailing out the European banks, indicating that he “doesn’t have the intention or the authority” to do so.