WASHINGTON: US President-elect Joe Biden on Monday formally tapped ex-Federal Reserve chair Janet Yellen to lead the Treasury, as he named officials to try to revitalize the world’s largest economy.
The US is struggling with a massive COVID-19 outbreak that’s caused tens of millions of layoffs while sharply slowing annualized growth, and with cases surging again and Congress deadlocked over more aid.
If confirmed by the Senate, Yellen, 74, will be the first female Treasury head in its history, and likely be tasked with breaking the deadlock over aid in Washington, should lawmakers not come to an agreement before Biden’s January inauguration.
“We face great challenges as a country right now. To recover, we must restore the American dream — a society where each person can rise to their potential and dream even bigger for their children,” Yellen tweeted.
“As Treasury Secretary, I will work every day toward rebuilding that dream for all.”
Other officials announced on Monday include veterans of former president Barack Obama’s administration, several of which the Biden transition team noted would break racial barriers in their positions.
“As we get to work to control the virus, this is the team that will deliver immediate economic relief for the American people during this economic crisis and help us build our economy back better than ever,” Biden said in a statement.
Yellen’s nomination was first reported last week, and Biden and Vice president-elect Kamala Harris will formally unveil the nominees on Tuesday.
Biden’s other nominations include Neera Tanden, president of liberal think tank Center for American Progress, as head the Office of Management and Budget. If confirmed, she would be its first South Asian head.
Nigerian-born Wally Adeyemo, a former deputy national security adviser and current president of the Obama Foundation non-profit, will serve as deputy Treasury secretary, the statement said. He would be the first African American in that role.
Also tapped was Dean of the Princeton School of Public and International Affairs Cecilia Rouse as chair of the Council of Economic Advisers (CEA), the first African American in that post.
Jared Bernstein, who previously advised Biden when he was vice president under Obama, will join the CEA, as will Washington Center for Equitable Growth President Heather Boushey.
Yellen would take over as Treasury secretary from Steven Mnuchin, who worked with Congress on passing the $2.2 trillion CARES Act in March that expanded unemployment payments and offered loans and grants to small businesses.
Those measures were seen as key in keeping the US from an even worse economic slowdown, but they expired over the summer and, despite talks with Mnuchin, Democrats and Republicans in Congress have been unable to agree on how much more to spend, and what to spend it on.
The deadlock raised fears the country’s tentative economic recovery could be reversed as the US struggles to quell COVID-19.
President-elect Joe Biden taps Janet Yellen as Treasury secretary for proposed economic team
https://arab.news/49sey
President-elect Joe Biden taps Janet Yellen as Treasury secretary for proposed economic team
- US is struggling with a massive COVID-19 outbreak that’s caused tens of millions of layoffs
Australian writers send Middle East reading list to MPs to boost understanding of region
- Initiative, named Summer Reading for MPs campaign, aims to encourage wider and more nuanced reading on Middle East conflicts
LONDON: More than 90 Australian authors and literary figures have sent a list of books to every federal parliamentarian in a bid to foster a deeper understanding of the Middle East among political leaders, it was revealed on Monday.
The initiative, named the Summer Reading for MPs campaign, aims to encourage wider and more nuanced reading on the history and complexities of the region’s conflicts.
Each of Australia’s 227 MPs and senators will receive the same set of five books, encompassing nonfiction, fiction, and reference works, The Guardian reported.
Notable writers such as Tim Winton, Charlotte Wood, Michelle de Kretser, and JM Coetzee are among the campaign’s supporters. The book selection has also received endorsements from the Jewish Council of Australia and the Australian Palestine Advocacy Network.
The five chosen books are: “Balcony over Jerusalem” by journalist John Lyons; “A Very Short History of the Israel-Palestine Conflic by Jewish historian and political scientist Ilan Pappe; “The Hundred Years’ War” by Palestinian-American historian Rashid Khalidi; “Palestine A-Z,” an alphabetized reference by Irish author Kate Thompson; and “The Sunbird,” a novella by Lebanese-Australian writer Sara Haddad.
In an accompanying letter to MPs, the group underscored the importance of these “authoritative, highly readable books” in addressing what they see as a deficit in the public’s and politicians’ understanding of the conflict.
“The political debate in Australia and internationally rarely touches on the issues, events, and historical analyzes that these books reveal — despite their direct relevance to what is happening today,” the letter highlighted.
The writers stressed that the campaign was not about shifting opinions but broadening perspectives.
“We’re not asking anyone to change their personal opinions or public positions. We just ask that politicians consider reading one or more of these books in the hope that they might inform and illuminate discussion on the ghastly situation we have been watching unfold across the Middle East,” they said.
Melbourne architect Marcus O’Reilly, one of the campaign’s initiators, said frustration over the quality of political discourse and media reporting on Middle Eastern issues spurred the project.
“It just occurred to me that if people were reading some of these books, people’s responses might be amped up a bit more,” O’Reilly said. “They’re not pushing a particular direction and that was the whole idea.”
Aviva Tuffield, a publisher and fellow originator, highlighted the role reading plays in fostering empathy and understanding.
“The summer is for reading. There’s well-known summer reading lists like Obama’s, and the Grattan Institute’s. It might be good for politicians who aren’t engaged (on this issue) and only get the talking points to do some reading (of their own),” she said.
In recent weeks, campaign organizers have met with a cross-section of MPs and senators from all parties, delivering the books in person where possible.
Many MPs expressed a degree of caution when addressing the Middle East conflict publicly, with one regional MP noting it was the issue that drew the most constituent correspondence. Despite this, the initiative has been welcomed.
“All, so far, had been receptive to receiving history books and literature as a measured way to learn more about the issues,” Tuffield confirmed.
The campaign has also garnered support from a wide range of Australian authors, including Kim Scott, Anna Funder, Nam Le, Chloe Hooper, Anita Heiss, and Trent Dalton.
New Senegalese president to face key challenges
- Former president Macky Sall, who headed an opposition coalition, on Monday congratulated Pastef on its win
DAKAR: A likely absolute majority for President Bassirou Diomaye Faye’s Pastef party in Senegal’s legislative election would empower him to pursue his ambitious 25-year agenda, though his first challenge will be coming up with a budget amid a fiscal crisis.
Faye sought a clear parliamentary majority in Sunday’s vote to implement the reform agenda that helped sweep him to power in a landslide election victory in March.
But analysts say creating a budget catering both to his voters’ needs and to the International Monetary Fund, with which his government is currently in talks, will be challenging.
Former president Macky Sall, who headed an opposition coalition, on Monday congratulated Pastef on its win. Former Prime Minister Amadou Ba, who ran against Faye in the presidential election, also conceded defeat, as did other opposition leaders.
SPEEDREAD
President Bassirou Diomaye Faye sought a clear parliamentary majority in Sunday’s vote to implement the reform agenda that helped sweep him to power in a landslide election victory in March.
Senegal’s sovereign debt rose in price on Monday, Tradeweb data showed, while most other African nations’ bonds lost ground. The yield on its 2033 dollar bond was down about 10 basis points at 9.28 percent.
“If confirmed by the electoral bodies, Pastef’s victory could give a free hand in passing budgets and implementing its programmatic reforms,” said Wendyam Lankoande, a consultant at Africa Practice.
But, he noted, voters are “looking for quick solutions to unemployment, rising cost of living, and limited reach of public services in remote rural areas in the hinterland.” In September, a government audit revealed that Senegal’s debt and budget deficit were much wider than the previous administration had reported. A $1.9 billion IMF program agreed in June 2023 has been on hold since. Negotiations with the IMF to restart disbursements could last until mid-2025.
“We see Pastef’s majority as a positive development as it clears the path for President Faye and (Prime Minister Ousmane) Sonko to begin work on a budget for 2025 that aligns broadly with IMF requirements,” said Leeuwner Esterhuysen, senior economist at Oxford Economics Africa.
“That said, some of these requirements won’t necessarily go down well with Senegalese citizens.”
He said the Fund was likely to show some leniency, as it appears to have good relations with the new administration.
“We think the government may be able to delay the implementation of harsh measures such as removing VAT exemptions on farming inputs or increasing household electricity prices, while energy subsidies will be phased out gradually to limit the impact on consumers,” Esterhuysen said.
British artist loses architecture award over Israeli cultural boycott
- Athens-based James Bridle was awarded the €10,000 Schelling Architecture Foundation’s theory prize in June
- It was withdrawn with the foundation citing a new German resolution on antisemitism after Bridle signed open letter supporting a boycott in October
LONDON: A British artist has lost an award from a German foundation after signing an open letter pledging to boycott Israeli cultural institutions.
James Bridle, who is based in Athens, Greece, was told in June he would receive the Schelling Architecture Foundation’s theory prize for “outstanding contributions to architectural theory.”
However, he learned on Sunday he would no longer receive the award and the €10,000 ($10,561) prize that goes with it because he had signed the letter, along with thousands of other people. Published on LitHub at the end of October, it stated: “We will not work with Israeli cultural institutions that are complicit or have remained silent observers of the overwhelming oppression of Palestinians.”
The foundation said: “We respect the right to express political views, especially since the foundation does not accuse James Bridle of antisemitism.
“But the foundation can neither support nor be associated with a call for cultural isolation of Israel.”
The decision to rescind the award came after the Bundestag, the German parliament, this month passed a controversial resolution on antisemitism. Titled “Never Again is Now: Protecting, Preserving and Strengthening Jewish Life in Germany,” it was proposed following the Hamas-led terror attacks on Israel on Oct. 7, 2023.
It states that “the Bundestag reaffirms its decision to ensure that no organizations or projects that spread antisemitism, question Israel’s right to exist, call for a boycott of Israel or actively support the Boycott, Divestment, Sanctions (BDS) movement receive financial support.”
Human rights organizations such as Amnesty International have criticized the resolution for limiting freedom of expression in Germany.
The Schelling Architecture Foundation is named for its founder, Erich Schelling, who according to the foundation’s website was a member of the Nazi party between 1937 and 1945.
Bridle told the Guardian newspaper: “Although they are clearly not prepared to state it outright, the foundation’s decision is an accusation of antisemitism, which is abhorrent. It is particularly so given the organization’s own history.”
He added that it was ironic that the foundation’s jury had praised his 2022 book “Ways of Being,” which discussed Israel’s “apartheid wall” in the occupied West Bank, and “the relationship between genocide and ecocide.”
A spokesperson for the foundation said other awards nominees had been informed of the decision. The awards ceremony is due to take place on Wednesday.
“We have to be prepared for there to be further reactions,” the spokesperson added.
G20 leaders gather for deadlocked talks on climate, Middle East, Ukraine wars
- Wars which have bitterly divided G20 members are set to feature prominently in discussions in Brazil
- Biden will attend his last summit of world’s leading economies with China’s XI as the most influential leader
Rio de Janeiro: G20 leaders began arriving for a summit in Brazil on Monday to try reignite deadlocked climate talks and overcome their differences on the Middle East and Ukraine wars ahead of Donald Trump’s return to the White House.
US President Joe Biden will attend his last summit of the world’s leading economies, but as a lame duck leader eclipsed by Chinese President Xi Jinping, the most influential leader at this year’s meeting.
Brazil’s left-wing President Luiz Inacio Lula da Silva is using his hosting duties to promote issues close to his heart, including fighting hunger and climate change and taxing the super-rich.
But the wars which have bitterly divided G20 members are also set to feature prominently in the discussions.
A Brazilian foreign ministry source said Monday that some countries wanted to renegotiate a draft summit communique.
“For Brazil and other countries the text is already finalized, but some countries want to open up some points on wars and climate,” he told AFP.
Biden’s decision Sunday to allow Ukraine to use long-range US missiles to strike targets inside Russia — a major policy shift — could prompt European allies to also review their stance.
G20 leaders are also under pressure to try rescue UN climate talks in Azerbaijan, which have stalled on the issue of greater climate finance for developing countries.
UN Secretary-General Antonio Guterres has called for G20 members, who account for 80 percent of global emissions, to show “leadership” to facilitate a deal.
Security is tight for the gathering, which comes days after a failed bomb attack on Brazil’s Supreme Court in Brasilia by a suspected far-right extremist, who killed himself in the process.
The get-together will cap a farewell diplomatic tour by Biden which took him to Lima for a meeting of Asia-Pacific trading partners, and then to the Amazon in the first such visit for a sitting US president.
Biden, who has looked to burnish his legacy as time runs down on his presidency, insisted in the Amazon that his climate record would survive another Trump mandate.
All eyes at the stalled COP29 climate conference in Azerbaijan are on Rio to break an impasse over how to raise $1 trillion a year for developing countries to cope with global warming.
Rich countries want fast-developing economies like China and Gulf states to also put their hands in their pockets.
The meeting comes in a year marked by another grim litany of extreme weather events, including Brazil’s worst wildfire season in over a decade, fueled by a record drought blamed at least partly on climate change.
At the last G20 in India, leaders called for a tripling of renewable energy sources by the end of the decade, but without explicitly calling for an end to the use of fossil fuels.
Conspicuously absent from the summit is Russian President Vladimir Putin, whose arrest is sought by the International Criminal Court over the Ukraine war.
Lula, 79, told Brazil’s GloboNews channel on Sunday that he did not want the wars in Ukraine and the Middle East to take the focus off global poverty.
“Because if not, we will not discuss other things which are more important for people that are not at war, who are poor people and invisible to the world,” he said.
The summit opens on Monday with Lula, a former steelworker who grew up in poverty, launching a “Global Alliance against Hunger and Poverty.”
Brazil is also pushing for higher taxes on billionaires.
Lula had faced resistance to parts of his agenda from Argentinian President Javier Milei, a libertarian Trump uber-fan who met the Republican last week at his Mar-a-Lago resort.
The head of the Argentine delegation, Federico Pinedo, told AFP that Buenos Aires has raised some objections and would not “necessarily” sign the text, however. He did not elaborate.
But the Brazilian foreign ministry source on Monday downplayed the likelihood of Argentina blocking a consensus.
Why has ethnic violence escalated in India’s Manipur state again?
- On May 3, 2023, members of the Kuki and Naga tribes launched protest against extension of benefits to dominant Meiteis
- Latest violence flared this month after 31-year-old woman from Kuki tribe was found burned to death in a village in Jiribam district
Hundreds of people defied a curfew to stage demonstrations in India’s northeastern state of Manipur over the weekend and 23 were arrested for violence as tensions between two ethnic communities flared up again.
These are the reasons behind the violence in the border state.
HOW DID THE MANIPUR VIOLENCE BEGIN?
On May 3, 2023, members of the Kuki and Naga tribes, who inhabit Manipur’s hills and are regarded as Scheduled Tribes, or India’s most disadvantaged groups, launched a protest against the possible extension of their benefits to the dominant Meiteis.
The Meitei have sought special benefits for more than a decade, but received a fillip in April last year after the Manipur High Court recommended the state government should consider the demand and set a deadline of mid-May.
Meiteis account for half of Manipur’s population and extending limited affirmative action quotas to them would mean they would get a share of education and government jobs reserved for Kukis and Nagas.
Meiteis have traditionally lived in Manipur’s more prosperous valley region that makes up 10 percent of the state’s area.
They have also had better access to employment and economic opportunities. Nagas and Kukis live in the poorly developed hill regions.
The imbalance in development that has favored the valley over the hills has been a point of contention and rivalry between the ethnic groups.
WHAT WERE THE TRIGGERS?
The groups co-existed peacefully until unrelated events in 2023 exposed old faultlines.
Manipur shares a nearly 400-km (250-mile) border with Myanmar and the coup there in 2021 pushed thousands of refugees into the Indian state.
Kukis share ethnic lineage with Myanmar’s Chin tribe and Meiteis feared they would be outnumbered by the arrival of the refugees.
WHY IS PEACE YET TO RETURN?
Both the Meiteis and Kukis are known to be flush with arms, including automatic weapons either stolen from the state police or sourced from Myanmar.
The Indian Army and federal paramilitary forces in the state cannot act independently and are legally bound to work with state police and authorities, who analysts say are also divided along ethnic lines.
Kukis also accuse Biren Singh, the chief minister of the Bharatiya Janata Party-ruled state and a Meitei, of complicity in violence against them and have sought his removal. Singh denies the accusations.
WHAT IS BEHIND THE LATEST SPIRAL OF VIOLENCE?
The latest violence flared this month after a 31-year-old Kuki woman was found burned to death in a village in Jiribam district, an area that was untouched by the conflict until June.
Kuki groups blamed Meitei militants for the act.
Kukis and Meiteis have moved to separate parts elsewhere in Manipur since the clashes last year but Jiribam still has a mixed population, leading to tensions and violence.
Days after the incident, 10 armed Kuki men were killed in a gunfight with security forces after they tried to attack a police station in Jiribam district, and security forces retaliated. During this gunfight, a Meitei family of six people went missing.
On Friday, bodies of three of the six were found floating in a river, triggering angry protests in the state capital Imphal. Police said on Sunday they had arrested 23 people for ransacking and setting fire to the homes of lawmakers and ministers, in a second straight day of unrest in the area.
