Daily Report

Bush halts Strategic Reserve deposits; market out of neocon control?

As we (and others) have argued, one of the aims of Operation Iraqi Freedom was likely to jack up the price of oil, giving a salutary boost to industry expansion plans, facilitating Western corporate colonization of the Caspian Basin (beating the Russians to the punch) as well as the opening of the purely ancillary ANWR. But here is a sure sign that things are getting out of control, even from Bush's hubristic perspective. If the price of oil breaks $100/barrel, it could threaten already-waning public enthusiasm for the Republicans and their wars. Bush had to open the Strategic Reserves after Katrina; analysts may now "welcome" his decision to stop pumping into them to free up more oil for the market and ease prices, but it strikes us a reckless gamble--which could backfire with the next escalation in the Middle East (say, US military action against Iran...) From the New York Times, April 25:

NYC: firefighters sue over WTC illness

From Newsday, April 26:

Nine New York City firefighters sued the city and its fire pension fund yesterday saying they were denied disability pensions even after the department told them their breathing disorders sustained at Ground Zero had left them unfit to serve.

NYC: construction begins on "Freedom Tower"

New Yorkers are supposed to be celebrating this break in the long impasse which has stalled reconstruction at Ground Zero. And indeed Larry Silverstein's megalomania and greed have been an appalling spectacle. But, as we have repeatedly emphasized, rebuilding a skyscraper at the WTC site is a very bad idea, just as building the original Twin Towers was a very bad idea. The WTC helped transform New York from a working-class city of neighborhoods and industry to a sterile administrative clearinghouse for global finance and a culturally-cleansed playground for the rich. The new (and Orwellianly-named) "Freedom Tower" will only accelerate this process. And, obviously, as a hubristic symbol of American power, the old WTC invited terrorist attacks; so (we hate to say it) will the Freedom Tower--as is explicitly acknowledged by the unprecedented heavy hand given to the NYPD and security concerns generally in its very design. WW4 Report officially dissents from the celebrations. From Reuters, April 27:

NYC: Satmar feud escalates with Grand Rebbe's death

From New York's Jewish Week, April 28:

As the world’s largest chasidic sect mourns the death this week of the Satmar Grand Rebbe Moshe Teitelbaum, the bitter, litigious — and sometimes violent — feud between two of his sons shows no sign of cooling.

In a flurry of courtroom motions, rabbinic rulings and shoving matches on Tuesday and Wednesday, the dispute rapidly shifted from designated succession toward a new struggle between two men, each claiming he is now the new rebbe.

Oil struggle behind Iran WMD showdown: analysts

Writes David Wood of Newhouse News Service, April 26 (emphasis added):

WASHINGTON -- If Iran succeeds in building nuclear weapons, it will be paid for in part by American drivers.

With oil prices and global oil consumption at near-record levels, the radical Islamist government in Iran is raking in more than $68.4 billion a year in oil revenues, helping it finance its nuclear program and underwrite terrorist operations against American soldiers in Iraq and elsewhere across the Middle East.

And with global oil markets sucked dry of excess by growing oil consumption in the United States and China, even a small disruption in the flow of oil would drive prices through the roof and stagger the world's economies.

US v. Iran: "nuclear hypocrisy" on both sides

From our contributor Mahmood Ketabchi:

After more that two years of haggling with the Islamic regime of Iran over its nuclear program, the International Atomic Energy Agency (IAEA), under pressure from the European powers and particularly the US government, referred Iran to the UN Security Council. In its last meeting, the Security Council issued a statement requiring Iran to stop all nuclear activities within 30 days.

US National Security Strategy 2006: global hegemony, permanent war

For all the unseemly obsession on the American left (and American right) with the notion that the recent paroxysm of hyper-interventionism is really more about Israeli national interests than US imperial interests, the actual global vision of the interventionists is spelled out explicitly in terms of US global dominance in two key policy documents released this year: the White House National Security Strategy (NSS) and the Pentagon's Quadrennial Defense Review (QDR). The NSS calls for the US to shape the world so as to maintain its status as a military power "without peer," while the QDR warns of the emergence of "near-peer competitors" in Eurasia--especially China, Russia and India. We recently noted that the QDR states: "The United States is a nation engaged in what will be a long war." The NSS makes clear that the next likely target is Iran: "We may face no greater challenge from a single country than from Iran... If necessary, under long-standing principles of self defense, we do not rule out the use of force before attacks occur." (White House website, CSM, March 17)

Egypt: Bedouin face sweeps after Sinai terror

Note that this Reuters report on the Sinai bombings offhandedly mentions more sweeps of the peninsula's Bedouin inhabitants. The Bedouin, their lands divided by Egypt and Israel, have been kicked around plenty on both sides of the border. The situation in the Sinai's desert interior is approaching a small counterinsurgency war against the Bedouin--which will only have the effect of strengthening whatever ties exist to al-Qaeda in their communities. But Sinai only enters the headlines when a tourist resort gets blown up.

DAHAB, Egypt - Egyptian police detained at least 10 people, including three computer engineers, on Tuesday in connection with a triple bombing in the Sinai resort of Dahab that killed at least 18 people and wounded scores.

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