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Recapitalisation of Banks Now Driving in Foreign Investors – Cardoso

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Recapitalisation of Banks Now Driving in Foreign Investors – Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday disclosed that foreign investors are already moving funds into the country to invest in Nigerian banks under the ongoing recapitalisation exercise. Cardoso who stated this at the Afrinvest 2024 Banking Sector […]
The post Recapitalisation of Banks Now Driving in Foreign Investors – Cardoso appeared first on Economic Confidential…
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Pakistan’s ex-ISI chief faces court martial after arrest in property case

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No former spy chief has faced court martial in a country the powerful army has directly ruled for nearly three decades.

Islamabad, Pakistan – A former chief of Pakistan’s premier intelligence agency faces court martial following his arrest for alleged misconduct in a case related to a private housing scheme.

In a brief statement on Monday, the Pakistani military said it had arrested retired Lieutenant-General Faiz Hameed, the former head of the powerful Inter-Services Intelligence (ISI) agency, to “ascertain the correctness” of complaints in a property case and “appropriate disciplinary action” was initiated against him.

The statement said there were “multiple instances of violation” of the Army Act by Hameed after his retirement in December 2022. “The process of Field General Court Martial has been initiated, and Lt Gen Faiz Hameed (Retd) has been taken into military custody,” it added.

The military said it acted against the top officer in accordance with the orders of the Supreme Court, which last year called for an investigation against Hameed after a land development company called Top City filed a petition, alleging Hameed had acquired ownership of some properties along with his brother and had even blackmailed the company’s owner.

In its petition, Top City, which was developing land near the capital, Islamabad, for a private housing project, alleged Hameed was involved in land grab and corruption linked to the housing project, media reports said. The company also accused the former ISI chief of abusing his authority and orchestrating raids at the home and the offices of its owner.

The military is considered the most influential institution in Pakistan and has directly ruled the country for close to 30 years of its nearly eight-decade history.

Despite its oversized presence and allegations of political interference, which violate their oath, no former spy chief has faced court martial before Hameed.

Ayesha Siddiqa, a senior fellow at London’s King’s College and author of a book on the Pakistan military’s “business empire”, told Al Jazeera Hameed’s arrest was akin to “a political nuclear detonation”.

“This step seems to be aimed at restoring discipline within the army and the ISI. Previous cases of court martial of senior officers were on charges of spying. This is different, as we are seeing, for the first time, a former ISI chief accused of harming the country,” she said.

Hameed is considered close to jailed former Prime Minister Imran Khan, who had appointed him to lead the ISI in 2019. Khan replaced him with Lieutenant-General Nadeem Anjum in October 2021, months before the cricketer-turned-politician lost power in April 2022.

Hameed, who was once tipped to become the army chief, took an early retirement in December 2022, days after the current chief, General Asim Munir, took charge. Pakistan’s Army Act prohibits a retired military official from engaging in political activities for two years after retirement.

Kamran Bokhari, senior director at the Washington, DC-based New Lines Institute for Strategy and Policy, told Al Jazeera the decision to arrest Hameed was significant because he was, until recently, a “very powerful intel czar”.

“The former ISI chief’s actions must have been threatening to the current army chief Munir, as well as the institution, for the top brass to engage in such a drastic step,” Bokhari said.

“Though designed to manage the unprecedented crisis in civil-military relations, this development risks exacerbating political, economic, and security conditions within the country,” he added.

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Trump Says Medal He Gave Billionaire Donor ‘Much Better’ Than Military Medal of Honor

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Trump made the disparaging comment during an event at his New Jersey golf club — his latest in a documented pattern of insulting service members and veterans

While addressing Jewish supporters gathered at his golf club in Bedminster, New Jersey, on Thursday — an event meant to center on fighting antisemitism — Donald Trump said that a civilian Presidential Medal of Freedom is better than the Medal of Honor because soldiers who are recognized are “in very bad shape … or they’re dead.”

The insulting remark was made as the former president lauded Miriam Adelson, a billionaire and widow of longtime Republican megadonor Sheldon Adelson. Miriam has continued to to dump millions into Trump’s campaign following Sheldon’s death in 2021. The former president awarded Miriam with the Medal of Freedom in 2018, for work her as a doctor and her donations to facilities treating drug addiction.

“I watched Sheldon sitting so proud in the White House when we gave Miriam the Presidential Medal of Freedom,” Trump said on Thursday evening. “That’s the highest award you can get as a civilian. It’s the equivalent of the Congressional Medal of Honor,” Trump added, referring to the highest military honor given for valor in combat.

“But civilian version, it’s actually much better because everyone [who] gets the Congressional Medal of Honor, they’re soldiers. They’re either in very bad shape because they’ve been hit so many times by bullets, or they’re dead,” Trump continued. “She gets it, and she’s a healthy, beautiful woman, and they’re rated equal, but she got the Presidential Medal of Freedom, and she got it for — and that’s through committees and everything else.”

Trump: When we gave her the Presidential Medal of Freedom… It’s the equivalent of the Congressional Medal of Honor— it’s actually much better because everyone who gets the Congressional Medal, they’re soldiers. They’re either in very bad shape because they’ve been hit so many… pic.twitter.com/a766KxAC2e

— Acyn (@Acyn) August 16, 2024

In 2020, The Atlantic reported that Trump privately disparaged U.S. service members and veterans during a trip to France in 2018 for the centennial anniversary of the end of World War I and reportedly called Marines who died at Belleau Wood “suckers” and soldiers who were buried at Aisne-Marne American Cemetery “losers.”

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The former president also drew backlash from both Republicans and Democrats in 2015 after he disparaged U.S. Senator John McCain, one of Trump’s most outspoken Republican critics. At the Family Leadership Summit in Iowa that year, Trump claimed McCain was “not a war hero” and said, “I like people who weren’t captured.” McCain, a Vietnam veteran, was not only shot down and a prisoner of war from 1967-1973, but refused early release because other American soldiers had been imprisoned longer.

Trump, who avoided the military draft multiple times (as was common for men from wealthy families), has long resented the late senator. McCain criticized him during the 2016 presidential campaign and voted against repealing the Affordable Care Act, foiling Trump’s plan to sink President Barack Obama’s legislative achievement.

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Donald Trump’s ‘messaging event’ on the economy was a complete mess

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By Joy Reid

This is an adapted excerpt from the Aug. 14 episode of “The ReidOut.”

In a 2004 interview with CNN, Donald Trump said, “The economy does better under the Democrats.” 

The 2024 Republican nominee for president wasn’t wrong. And now, we have even more evidence to back up his point. 

On Wednesday, we learned that inflation fell to its lowest level in more than three years. That’s not just good news for your pocketbook, it’s really good news for the Federal Reserve, which has been looking for numbers like this to justify cutting interest rates.

He was supposed to lay out his economic vision for the future. Instead, he went on for more than an hour with incoherent lies.

Do you know what else we found out this week? Under the Biden administration, the U.S. has produced the most oil ever by any nation on Earth.

This news is such a big deal that it seemed to trigger Trump. Late Wednesday, Trump held a “messaging event” on the economy in North Carolina. 

He was supposed to lay out his economic vision for the future. Instead, he went on for more than an hour with incoherent lies about the currently booming economy and lies about the economy he left for President Joe Biden.

Trump said he gave “Harris and Biden an economic miracle” that they turned into “an economic nightmare.”

He then made vague promises about lowering inflation … without saying how he’d do that.

“My first day back I will sign an executive order directing every Cabinet secretary and agency head to use every tool and authority to defeat inflation,” Trump said. 

Then he just wouldn’t stop whining about how Harris supposedly copies him.

“When Kamala lays out her fake economic plan it’ll probably be a copy of mine because basically that’s what she does,” Trump said.

Trump’s rambling “messaging event” was totally disconnected from reality. Inflation is down, wage growth is outpacing price growth, and violent crime is also down. These are objective facts that don’t care about Trump’s feelings.

Trump’s rambling “messaging event” was totally disconnected from reality.

Vice President Kamala Harris will also be in North Carolina on Friday to lay out her vision for the economy. According to Axios, she’s going to outline how she would lower costs for health care, housing and food for the middle class. 

She reportedly wants to break with Bidenomics and hit rising prices head-on, making middle-class economic concerns a key focus of her campaign.

Harris was boosted by a Financial Times poll that showed voters trust her more than Trump on the economy. Like Trump said in 2004, maybe voters are realizing that the economy just does better under Democrats.

Join Joy Reid, Rachel Maddow and many others on Saturday, Sept. 7, in Brooklyn, New York, for “MSNBC Live: Democracy 2024,” a first-of-its-kind live event. You’ll get to see your favorite hosts in person and hear thought-provoking conversations about what matters most in the final weeks of an unprecedented election cycle. Buy tickets here.

Joy Reid

Joy-Ann Reid is host of “The ReidOut” at 7 p.m. ET on MSNBC. “The ReidOut” features one-on-one conversations with politicians and newsmakers while addressing provocative political issues both inside and outside of the beltway.

Allison Detzel

contributed

.

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Trump requests hush-money case sentencing be delayed until after presidential election

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1 of 2 | Former President Donald Trump’s (seen at July’s Republican National Convention in Milwaukee) original July 11 sentencing date for his New York criminal trial had previously been postponed by the judge to Sept. 18 in the aftermath of the Supreme Court’s ruling on presidential immunity. Photo by Matt Marton/UPI | License Photo

Aug. 15 (UPI) — Former President Donald Trump‘s attorneys have asked the judge overseeing his New York criminal case to again delay sentencing until after November’s election.

In a letter dated Wednesday to Judge Juan Merchan, Trump lawyers Todd Blanche and Emil Bove argued that Trump’s sentencing should be delayed until after the presidential election in November is over, contending that such a move is necessary in order to resolve ongoing legal disputes related to the conviction.

They also noted the current Sept. 18 sentencing date will arrive after early voting gets underway in some states.

“By adjourning the sentencing until after that election…the Court would reduce, even if not eliminate, issues regarding the integrity of any future proceedings,” Blanche and Bove wrote.

Trump’s original July 11 sentencing date had previously been postponed by Merchan to Sept.18 in the aftermath of the Supreme Court‘s ruling on presidential immunity.

“There is no valid countervailing reason for the Court to keep the current sentencing date on the calendar,” the two Trump lawyers said in the letter.

At the end of May, Trump was found guilty by a jury of his peers in New York on all 34 counts of falsifying Trump Organization business records to conceal what was legally criminal conduct to hide his alleged extramarital sexual encounter with adult film actress Stormy Daniels from the public in order to win the 2016 presidential election.

Trump has been seeking to overturn the conviction, citing the recent Supreme Court ruling on presidential immunity, along with other legal maneuvers to slow down the process leading to his conviction in May, pending sentencing date and in his three other remaining cases in other jurisdictions.

Merchan has said that he will rule on the immunity motion on Sept. 6.

Trump’s legal defense team has grabbed onto the employment of Merchan’s daughter, who works at a digital agency that works with Democrat candidates, to claim it is a conflict of interests for him to preside over the case.

On Wednesday, the judge rejected a third effort by Trump’s lawyers to force Merchan’s recusal.

Blanche and Bove stated their belief that the requested delay would prevent Manhattan District Attorney Alvin Bragg from filing a sentencing submission while Merchan was still actively considering Trump’s motion in the case related to presidential immunity, and would allow extra time for them to plan for an appeal to a possible rejection of the effort to overturn the case.

Meanwhile, Bragg’s office declined to comment on Wednesday’s letter by Trump’s legal team.

“The requested adjournment is also necessary to allow President Trump adequate time to assess and pursue state and federal appellate options in response to any adverse ruling,” the letter read.

Wednesday’s letter arrived two days after the Republican presidential nominee’s wide-ranging 2-hour long “talk” on the social media platform X with its billionaire owner Elon Musk, who has endorsed Trump’s third White House bid, after it got off to a rocky start due to technical issues.

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Zambia and Congo reopen their border after resolving a trade dispute

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“The Zambian party informed the Congolese party that the border will be reopened, to allow the free movement of people and goods between the Democratic Republic of Congo and the Republic of Zambia,”…
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Former YouTube CEO Susan Wojcicki Dies Aged 56

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Susan Wojcicki, former YouTube CEO, and instrumental figure in Google’s acquisition of YouTube’s video platform, has passed away aged 56. Former YouTube CEO Susan Wojcicki, a central figure in developing Google’s AdSense advertising platform who later became CEO of YouTube, has died at the age of 56…
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Zubimendi deal surely OFF after Real’s ‘brutal dig’…but Liverpool ‘transfer trick’ can revive move

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Liverpool will almost certainly break off talks with Real Sociedad after their ‘brutal dig’ over Martin Zubimendi, but they do have a ‘transfer trick’.   Hey Macarena. Eh? The Anthony Gordon well dried up about a month ago but defeat appears to have finally been declared in terms of certain outlets pretending he might join …
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Celestial Beauty: Exploring a “Ring Galaxy” That Defies Expectations

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In the Perseus Cluster lies the galaxy MCG+07-07-072, a barred spiral with an unusual near-circular structure. Its classification as an SBc(r) galaxy reveals the complexity of galactic forms. The subject of this mesmerizing circular Hubble Space Telescope image is situated in the Perseus Cluster, also known as Abell 426…
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Désillusion XXL : Gros éliminée avant les quarts

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Mathilde Gros nu0027avait plus le droit à lu0027erreur. En repêchage des huitièmes de finale de la vitesse individuelle, ce samedi à Saint-Quentin-en-Yvelines, la championne du monde 2022 de la spécialité avait la pression. Et elle a cédé, face à Martha Bayona, qui se qualifie pour les quarts…
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