Washington
Biden Bans Russian Oil, Warns of Higher Prices at US Pumps
Published
4 years agoon
WASHINGTON (AP) — President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump.
The action follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady stream of cash flowing to Russia despite otherwise severe restrictions on its financial sector.
“We will not be part of subsidizing Putin’s war,” Biden declared, calling the new action a “powerful blow” against Russia’s ability to fund the ongoing offensive.
He warned that Americans will see rising prices, saying, “Defending freedom is going to cost.”
Biden said the U.S. was acting in close consultation with European allies, who are more dependent on Russian energy supplies and who he acknowledged may not be able to join in immediately. The announcement marked the latest Biden attempt at cutting off Russia from much of the global economy and ensuring that the Ukraine invasion is a strategic loss President Vladimir Putin, even if he manages to seize territory.
“Ukraine will never be a victory for Putin,” Biden said.
Zelenskyy in a tweet praised Biden’s action: “Thankful for US and @POTUS personal leadership in striking in the heart of Putin’s war machine and banning oil, gas and coal from US market. Encourage other countries and leaders to follow.”
The European Union this week will commit to phasing out its reliance on Russia for energy needs as soon as possible, but filling the void without crippling EU economies will likely take some time. The U.K., which is no longer part of the EU, announced Tuesday that oil and oil products from Russia will be phased out by the end of the year.
Unlike the U.S., which is a major oil and gas producer, Europe relies on imports for 90% of its gas and 97% of its oil products. Russia supplies 40% of Europe’s gas and a quarter of its oil. The U.S. does not import Russian natural gas.
The issue of oil sanctions has created a conflict for the president between political interests at home and efforts to impose costs on Russia. Though Russian oil makes up only a small part of U.S. imports, Biden has said he was reluctant to ban it, cutting into supplies here and pushing gasoline prices higher.
Inflation is at a 40-year peak, fueled in large part by gas prices, and that could hurt Biden heading into the November midterm elections.
“Putin’s war is already hurting American families at the gas pump,” Biden said, adding, “I’m going to do everything I can to minimize Putin’s price hike here at home.”
Gas prices have been rising for weeks due to the conflict and in anticipation of potential sanctions on the Russian energy sector. The average price for a gallon of gasoline in the U.S. hit a record $4.17 Tuesday, rising by 10 cents in one day, and up 55 cents since last week, according to auto club AAA.
Biden said it was understandable that prices were rising, but cautioned the U.S. energy industry against “excessive price increases” and exploiting consumers.
Even before the U.S. ban many Western energy companies including ExxonMobil and BP moved to cut ties with the Russia and limit imports. Shell, which purchased a shipment of Russian oil this weekend, apologized for the move on Tuesday amid international criticism and pledged to halt further purchases of Russian energy supplies. Preliminary data from the U.S. Energy Department shows imports of Russian crude dropped to zero in the last week in February.
In 2021, the U.S. imported roughly 245 million barrels of crude oil and petroleum products from Russia — a one-year increase of 24%, according to the U.S. Energy Information Administration.
“It’s an important step to show Russia that energy is on the table,” said Max Bergmann, a former State Department official who is now a senior fellow at the Democratic-leaning Center for American Progress.
Bergmann said it wasn’t surprising that the U.S. was able to take this step before European nations, which are more dependent on Russian energy.
“All of this is being done in coordination, even if the steps are not symmetrical,” he said. “We are talking to them constantly.”
The White House said the ban on new purchases was effective immediately but the administration was allowing a 45-day “wind down” for continued delivery under existing contracts.
The news of Biden’s decision Tuesday was first reported by Bloomberg.
The White House announcement comes amid bipartisan pressure on Capitol Hill to ban Russian energy and impose other economic costs.
Last week, House Speaker Nancy Pelosi gave a big boost when she declared, “Ban it.”
On Monday, Democrats on the powerful Ways & Means Committee posted, then removed, an announcement on a bipartisan bill to ban Russian oil imports and slap further trade sanctions on the country, according to an aide, because of pushback from the White House to acting before Biden had made his decision.
“President Biden is finally doing what members of Congress have been pushing for all along,” Sen John Barrasso, R-Wyo., and a member of party leadership, said Tuesday. “His decision to ban Russian oil is a much-needed step to kill Putin’s cash cow.”
Said Jason Furman, a Harvard professor and former economic adviser to President Barack Obama: “The United States economy can fully handle any of the challenges associated with higher oil prices. But it will bring some challenges. We’re going to have higher prices at the pump, and there’s no way around that.”
Pelosi said the House would go forward with a vote Tuesday on legislation to ban the Russian oil imports, impose trade costs on Russia and expand sanctions authority against Russians for attacks on civilians in Ukraine.
Before the invasion, Russian oil and gas made up more than a third of government revenues. Global energy prices have surged after the invasion and have continued to rise despite coordinated releases of strategic reserves, making Russian exports even more lucrative.
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Washington
NASA Welcomes Czech Foreign Minister for Artemis Accords Signing
Published
3 years agoon
May 4, 2023During a ceremony at NASA Headquarters in Washington Wednesday, the Czech Republic became the 24th country to sign the Artemis Accords. NASA Administrator Bill Nelson participated in the signing ceremony for the agency and Foreign Minister Jan Lipavský signed the Artemis Accords on behalf of the Czech Republic.
The Artemis Accords establish a practical set of principles to guide space exploration cooperation among nations, including those participating in NASA’s Artemis program.
“We are living through a golden age of exploration. Gone are the days of one nation exploring the cosmos alone,” said NASA Administrator Bill Nelson. “Along with our fellow Artemis Accords signatories, the United States and Czech Republic are setting a standard for 21st century exploration and use of space. As we explore together, we will explore peacefully, safely, and transparently.”
Acting Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs Jennifer R. Littlejohn and Czech Ambassador to the United States Miloslav Stašek also took part in the ceremony.
“I see it as a historic signature. We are joining our likeminded partners in advancing peaceful, cooperative, and sustainable exploration of space,” said Foreign Minister Jan Lipavský. “Czechia’s space ecosystem has a lot to offer. We believe that this signature will kick-start the development of an institutional and industrial cooperation within the Artemis community, as well as directly between Czechia and the U.S., in the field of space activities.”
NASA, in coordination with the U.S. Department of State, established the Artemis Accords in 2020 along with the other eight original signatories. The Artemis Accords reinforce and implement the 1967 Outer Space Treaty. They also reinforce the commitment by the United States and partner nations to the Registration Convention, the Rescue and Return Agreement, as well as best practices and norms of responsible behavior that NASA and its partners have supported, including the public release of scientific data.
“The Artemis Accords guide us towards a future of optimism and promise,” stated Acting Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs Jennifer R. Littlejohn. “They encourage cooperation and responsible behavior in space. This is a vital foundation for space exploration. Congratulations to the Czech Republic!”
Additional countries will sign the Artemis Accords in the months and years ahead, as NASA continues to work with its international partners to establish a safe, peaceful, and prosperous future in space. Working with both new and existing partners will add new energy and capabilities to ensure the entire world can benefit from our journey of exploration and discovery.
Washington
FedNow won’t give agency power to seize bank accounts for political beliefs
Published
3 years agoon
May 3, 2023CLAIM: The Federal Reserve is launching a new program that will give it the power to monitor, freeze and even seize private bank accounts based on a person’s behavior or political beliefs.
AP’S ASSESSMENT: False. Fed officials and banking experts say the new FedNow service does not give the agency additional surveillance and enforcement authorities. They say the service simply replaces the agency’s outdated system for banks to process checks and electronic payments.
THE FACTS: A post circulating widely on social media claims a new government program will give the Federal Reserve broad powers to monitor and seize people’s personal bank funds.
“The U.S. banking nightmare is about to get a lot worse,” reads the post, which has been liked or shared more than 4,500 times as of Tuesday. “A new Federal program with the power to control your money goes into effect in as little as 30 days.”
The post and other similarly worded ones link to a lengthy blog piece with the headline “U.S. Government Docket No. OP-1670 Exposes New Fed Power to Seize Control of U.S. Bank Accounts.”
The blog item claims a secretive government initiative “gives unelected officials the power to closely monitor or even freeze your account based on your behavior, and potentially even based on your political views.”
It also claims the system would give government officials the power to monitor a person’s investments, restricting how much they can invest or contribute to certain companies, causes and political parties.
The effort would even give government officials the power to pressure people to get vaccinated, “or worse,” the post claims.
But the government document referenced by the post — Docket No. OP-1670 — suggests nothing of the sort, Fed officials and banking experts say.
Instead, they say, it details the creation of FedNow, a new service set to launch this summer that will allow banks and credit unions to speed up the dayslong process of clearing checks and electronic payments.
“FedNow is an instant payments service that the Federal Reserve will offer to banks and credit unions to transfer funds for their customers,” the agency said in an emailed statement. “The Fed and FedNow cannot access individuals’ bank accounts or control how they choose to spend their money.”
Aaron Klein, a senior fellow at the Brookings Institution, a think tank in Washington, D.C., concurred, saying the claims are part of a “nonsense campaign” that has “no basis in reality.”
The Fed is simply revamping its outdated Automated Clearinghouse system, which is the network financial institutions use to send each other electronic credit and debit transfers such as payroll direct deposits, social security benefits and tax refunds, he said.
“They are upgrading their current system that runs on 1950s tech to one that’s modern,” Klein explained in an email. “It’s like changing from Blockbuster to Netflix.”
Nicholas Anthony, a policy analyst at the Cato Institute, another Washington-based research group, noted that banking institutions are already required to report suspicious financial behavior and other potential threats under the federal Bank Secrecy Act, which was enacted in 1970 to crack down on money laundering and the financing of terrorism.
“While there are many sound concerns around FedNow being an unnecessary expansion of the Federal Reserve’s footprint,” he wrote in an email. “I do not share the same concerns that FedNow will expand surveillance.”
There isn’t anything secretive about the planned system, either, as the blog post claims, Anthony noted.
The Fed has provided regular updates on the process, launched a frequently asked questions page and even published a notice in the Federal Registerearly in the process in order to solicit public feedback.
The blog post appears to wrongly conflate the forthcoming FedNow system with digital currency, commonly referred to as a “central bank digital currency,” or CBDC, which the Fed has also said it is exploring, Anthony and other experts say.
Fed officials have stressed FedNow is unrelated to the notion of a government-run digital currency, which social media users also falsely claim would lead to the elimination of cash.
“The Federal Reserve has made no decision on issuing a central bank digital currency (CBDC) & would not do so without clear support from Congress and executive branch, ideally in the form of a specific authorizing law,” the agency wrote in a series of tweets last month. “A CBDC would not replace cash or other payment options.”
Washington
Trump arrest prompts Jesus comparisons: ‘Spiritual warfare’
Published
3 years agoon
April 8, 2023WASHINGTON (AP) — For the most devoted Trump conspiracy theorists, there are no coincidences and timing is everything.
So when ex-President Donald Trump was arraigned Tuesday on charges that he falsified business records to obscure hush money payments in an effort to influence the 2016 election, some of his most ardent followers quickly noted the court appearance came during Christianity’s most sacred week, Holy Week, when many Christians commemorate Christ’s crucifixion and resurrection.
“Seems there was someone else who was tortured and crucified this week,” read one post on Gab, a platform popular with Trump supporters. A similar post on Telegram put Trump’s case in apocalyptic terms: “Good vs Evil. Biblical times. Divine timing.”
Comparisons likening Trump to Christ were among the top online narratives about the Republican former president and his criminal charges circulating in the last several days, according to an analysis of online and social media content conducted by Zignal Labs, a media intelligence firm, on behalf of The Associated Press.
Zignal’s analysis found tens of thousands of mentions calling Trump a martyr. The number more than doubled immediately after Rep. Marjorie Taylor Greene, R-Ga., linked the prosecution of Trump to the persecution of Christ during an interview.
Trump pleaded not guilty on Tuesday to 34 felony counts alleging he hid payments made during his 2016 presidential campaign to two women — an adult-film actor and a former Playboy model — who claimed they had sexual encounters with him, as well as to a Trump Tower doorman who claimed to have a story about a child Trump fathered out of wedlock.
Greene, who traveled to New York City to protest Trump’s arraignment, noted the timing of the arraignment during a broadcast interview before bringing up the Christ comparison.
“Jesus was arrested and murdered by the Roman government,” she said. “There have been many people throughout history that have been arrested and persecuted by radical corrupt governments, and it’s beginning today in New York City.”
The comparison was denounced by Episcopal Bishop Reginald T. Jackson, who oversees more than 500 churches in Greene’s home state and called her comments blasphemous and disgusting.
“While Marjorie Taylor Greene may put her political loyalty ahead of God, Christians do not,” Jackson said. “Those of faith believe Christ always has, and always will, stand alone.”
Trump’s personal, political and professional history make him an odd choice to stand in for Christ, Christianity’s savior and central figure. Yet it’s an outgrowth from Christian nationalism, a movement that fuses traditional Christian themes and imagery with conservative candidates like Trump, according to John Fea, a historian at Messiah University in Mechanicsburg, Pennsylvania, who has researched evangelical Christianity’s role in American history.
“They see this as spiritual warfare, and Trump is on the side of the angels,” Fea said. “In this view, Trump is politically a savior, he is going to restore America, and he will rise from the ashes in November despite the persecution and the suffering.”
Trump has encouraged such beliefs by claiming he is uniquely qualified to lead the country, by calling his 2024 campaign to retake the White House a “Final Battle” against his enemies and by praising QAnon, a movement that views him as a crusader against what it says is a secret, child-sacrificing cabal that controls world events.
He embraced the role of martyr again on Tuesday, when his campaign created a fake mug shot and included it in a fundraising email, even though no mug shot of the former president was taken that day.
In the Christian nationalist view, Trump’s return to New York could be seen as an echo of Christ’s triumphant entry to Jerusalem on Palm Sunday, Fea said, with the exception that Christ rode a donkey and Trump arrived in a motorcade.
Behind the religious metaphors, the online reaction of Trump supporters to Tuesday’s arraignment was mixed, fragmented by competing conspiracy theories and Trump’s own complicated role in the movement he helped build.
While many far-right commenters decried the charges, others said Trump deserved no sympathy after he didn’t pardon defendants charged in the failed Jan. 6, 2021, insurrection at the U.S. Capitol. Some pointed to the charges as one reason why they now support Florida Gov. Ron DeSantis’ expected bid for the Republican presidential nomination.
Some Trump supporters promoted peaceful protests as a way to send a signal to the nation, yet others cited debunked claims about Jan. 6, arguing that any protests could be traps staged by federal agents.
“Watch out for infiltrators, the minute they want to start trouble call it off and everyone go home,” a poster wrote on Gab in response to a post announcing Greene’s protest in Manhattan.
Still other commenters dismissed the very real legal jeopardy facing Trump, saying he is orchestrating the entire prosecution as a way to ferret out his enemies.
The last was a sentiment especially popular on QAnon message boards, where Christian imagery regularly mixes with fantasies about one-world governments, child sacrifices and blood rituals.
“All a MOVIE!!” one Trump supporter wrote on Telegram. “Trump is writer, producer and director!!! Get your popcorn!”
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