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The Daily Brief: Netanyahu’s Former Allies to Oust Him From Government

Netanyahu’s Former Allies to Oust Him From Government

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1280px Prime Minister Benjamin Netanyahu and Minster of Industry and Trade Naftali BennettPresident Shimon Perez 8719468767

Maryland GovPics, CC BY 2.0 , via Wikimedia Commons

Summary:

  • Israel’s Prime Minister, Benjamin Netanyahu, is to be removed from his governmental position for the first time in 12 years due to the rise of a new coalition government.
  • The coalition is the product of an unlikely alliance between 8 political parties in an effort to remove Netanyahu from government.
  • Should the coalition government be sworn in Naftali Bennett, a far-right politician who opposes a Palestinian state, will serve as Israel’s new prime minister until 2023 when he will be replaced by centrist opposition leader, Yair Lapid.
  • Lapid and Benny Gantz are spearheading the effort to oust Netanhyahu and are credited with bringing together left, right, and center political ideologies, secular and religious groups, and Jews and Arab to form the coalition.
  • Several coalition members, including Bennet, once served as cabinet members or chiefs of staff for Netanyahu.
  • The decision to build a coalition government came after the 4th Israeli election in 2 years ended inconclusively. 
  • Internal and external strife, including conflict with Palestine and Netanyahu’s ongoing corruption trial have played a role in the creation of the coalition as well.
  • Netanyahu strongly opposes the coalition government calling them “left-wing” and “dangerous”. He has called on right-wing members of Israel’s Parliament to oppose the coalition in order to halt their rise to power and keep them from being sworn in as an official government.
  • Sources:

NYT

Al Jazeera

BBC

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Nuclear Power Plant to be Built in Wyoming by Bill Gates

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World Economic Forum /Photo by Andy Mettler, CC BY-SA 2.0 , via Wikimedia Commons
  • TerraPower, founded by Bill Gates, and PacifiCorp, owned by Warren Buffet’s Berkshire Hathaway, are working to build a nuclear power plant in Wyoming that uses different fuels and costs less than traditional nuclear power.
  • The plant will be at the site of a retiring coal plant, and will be using TerraPower’s Natrium technology for the nuclear reactor. TerraPower’s president said it would take about seven years to build.
  • The cost of the plant will be split between the US government and private companies. The plant is aiming to produce two thirds less waste that traditional nuclear plants. 
  • Tweets

G7 Expected to Approve of 15% Global Minimum Corporate Tax

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ubahnverleih, CC0, via Wikimedia Commons
  • The Group of Seven finance ministers (G7) are expected to approve US President Joe Biden’s global minimum corporate tax plan at their summit on Friday. The goal is to ensure that multinationals and large tech companies are taxed appropriately.
  • The US Treasury proposed a global minimum corporate tax of 15%, which has received positive responses from France, Italy, Germany, and Japan. The support of G7 members is also expected to help pass domestic tax legislation in the US Congress.
  • The Biden administration has proposed a 28% domestic corporate tax rate and 21% for US companies overseas. His outlook on taxation differs greatly from his predecessor, Donald Trump.
  • Tweets

Protestors in Sudan Demand Justice on Second Year Anniversary of Army Crackdown

  • Thousands of Sudanese protestors rallied in Khartoum, the site of one of a violent crackdown by the military on a large pro-democracy sit-in in the capital, to demand justice for those killed in the crackdown in June 2019.
  • Protestors had gathered on June 3, 2019 to demand a transition to power to civilian rule – weeks after the military overthrew President Omar al-Bashir after his thirty year rule, also demanded by protests.
  • Activists and protest organizers have claimed that security forces killed at least 128 people during the violent crackdown involving rape and sexual misconduct by troops.
  • Dismay and frustration towards the Sudanese government led to the continuation of protests marking the second day anniversary of the crackdown – rampant unemployment, injustice, and other suffering by the people were highlighted by protestors despite the ousting of President al-Bashir. 
  • Tweets:

10,000 Tokyo Olympic Volunteers Quit

  • About 10,000 Olympic volunteers in Tokyo have pulled out as the Games draw near, fueling concerns that Japan may not be prepared to host the rescheduled Games due to a new wave of COVID-19.
  • Toshiro Muto, chief executive of the Organizing Committee told media he does not believe the withdrawal of the 10,000 volunteers among 80,000 total will delay or hinder the Games due to commence June 23.
  • Although the reason for the volunteers to quit has not been stated by officials, it is likely due to a fourth wave of the pandemic coupled with overwhelmed hospitals and many unvaccinated populations in Japan.
  • The quitting of volunteers further highlights concern of the general Japanese public on hosting the Games during the pandemic.
  • Tweets:

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Daily Brief

Salman Rushdie Severely Stabbed due to his Publication of the Book “The Satanic Verses”

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Salman Rushdie 2014
  • Salman Rushdie, an author, was severely stabbed in his neck and abdomen on stage by a suspect named Hadi Matar, causing him to be on a ventilator and potentially losing an eye.
  • An Iranian leader back in the 20th century wanted Rushdie killed because of his novel, Satanic Verses, that many Muslims found disrespectful. This led Salman to go into hiding for almost a decade.
  • Translators from different countries reading this book were harshly stabbed to death when the book came out and Iranian leader, Ayatollah Khomeini called for Salman’s execution for three million dollars.
  • The Iranian government has not yet responded to this issue, but many Iranians in the media claim him to be an apostate who later became an atheist.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

China Threatens Consequences if Pelosi Visits Taiwan

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  • US House of Representatives Speaker Nancy Pelosi has landed inTaiwan. Prior to the visit, China’s Foreign Ministry has voiced their disapproval, stating that “China will take resolute responses and strong countermeasures to defend its sovereignty and territorial integrity.”
  • US Secretary of State Antony Blinken emphasized in response  that “The speaker will make her own decisions about whether or not to visit Taiwan,” and that the US is looking to Beijing to “act responsibly and not to engage in any escalation going forward.”
  • The US has made it clear that members of Congress routinely visit Taiwan and that this trip is non-threatening and has precedent. Even so, some officials have expressed concern that China may invade Taiwan’s air defense zone or send missiles near Taiwan in retaliation.
  • Pelosi has criticized China’s leadership and vocalized support for Taiwan in the past. She is currently on her tour of Asia, with scheduled visits to Singapore, Malaysia, South Korea and Japan.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

First Grain Ship Departs Ukraine After Six Months of Russian Blockade

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Odesa pristav
  • The first shipment of grain departed the port of Odesa on Monday after Russia’s blockade of Ukrainian ports for the last six months trapped around 20 million metric tons of wheat and corn.
  • Russia recently made a deal with Ukraine, brokered by the UN and Turkey, allowing grain exports to resume, appeasing fears of a global food supply crisis and rising prices.
  • Ukrainian Foreign Minister Dmytro Kuleba celebrated the shipment, calling it a “day of relief for the world, especially for our friends in the Middle East, Asia, and Africa.”
  • Ukrainian President Volodymyr Zelensky was more hesitant to celebrate the shipment, stating “it is too early to draw any conclusions and make any forecasts” and he wants to “see how the agreement works and whether security will be really guaranteed.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

Concerns Rise As US Teeters on the Brink of Recession

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US Stock Market Investing in the United States
  • The US economy declines for the second quarter in a row, causing, what other countries would consider, an economic recession. 
  • The prices for groceries, gas, and other basics are rising at the fastest pace since 1981. The US Central Bank is quickly trying to raise borrowing costs in order to cool the economy and ease the prices on goods, but with the contraction, at the annual rate of 0.9% in the 3 months to July, many are still getting concerned. 
  • President Biden struggles to convince the public that the economy is sound, with the unemployment rate at a low 3.6%. But with inflation in the US hitting 9.1% in June, the fastest price appreciation in 4 months, consumer spending has slowed at an annual rate of 1%. 
  • Many other countries, such as China and the UK, have been hit harder by the surge in energy prices and the War in Ukraine, causing risks from abroad. Other countries are facing much more serious problems and once they’re hit, their problems can spill over and affect the US. 

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

North Korea Could Possibly Be Preparing another Nuclear Test

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North Koreas ballistic missile North Korea Victory Day 2013 01
  • North Korea could be preparing a seventh nuclear test, especially after Mr. Kim announced that the country is fully ready for any military confrontation with the US at a Korean War Anniversary event. 
  • A US special representative in North Korea states that Jong-Un has tested an unprecedented number of missiles this year—31 to 25. Jong-Un also stated that threats from the US required North Korea to achieve the urgent historical task of strengthening its self-defense. 
  • Jong-un also stated that South Korea is reviving a plan to counter North Korea’s threat by mounting precautionary strikes; in June alone, South Korea launched 8 missiles of its own.
  • The North Korean regime is especially angry with South Korea’s new president Yoon Suk-yeol and his so-called Kill Chain strategy. This strategy allows South Korea to launch ballistic missiles and air strikes on North Korean targets if it ever feels threatened. 
  • North Korea has also not been getting as much engagement with Washington ever since Biden replaced Trump, and could be hinting at some sort of deliberate escalation by the North, and preparations have been underway at the Punggye Ri test site since March.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

Russia Limits Gas Supply to Germany

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Black Sea port of Theodosiya panoramio
  • Gazprom, a major Russian energy provider, has stated it will reduce the supply of gas to Germany by half via the Nord Stream 1 pipeline due to repair work. 
  • Germany has said that they see no technical reason for the decrease in gas supply. The European Union continues to accuse Russia of weaponizing energy, with Ukrainian President Volodymyr Zelensky stating, “This is an open gas war that Russia is waging against a united Europe.”
  • Ukraine and Russia signed an agreement to allow the export of grain via the Black Sea after Russia continued to block millions of tonnes from being exported. The next day, Russia struck missiles at the port, some of which hit the infrastructure of the port.
  • The US and Ukraine are optimistic that the agreement will still be implemented, with the US State Department stating, “Despite these attacks, we do understand that the parties are continuing preparations to open Ukraine’s Black Sea ports for food and fertilizer exports…we also continue to expect that the Black Sea agreement will be implemented.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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