LONDON—The collision of Brexit cheerleader Nigel Farage, a regal private bank, the BBC and the Conservative Party exploded into a quintessentially British scandal this week, costing the job of one of the country’s top bankers and igniting a debate over how lenders protect their reputations without discriminating against outspoken clients.
The damage was apparent on Wednesday. Alison Rose, chief executive of NatWest one of the biggest banks, resigned under pressure from the government, with calls for fresh scrutiny into how banks decide whom to allow as customers. The tightly woven and overlapping British power centers – banks, media, and politicians in the corridors of power—all played their role.
The origins of the affair began weeks before, when Farage, a British TV presenter known as the godfather of Brexit, waged a public battle with Coutts – an exclusive private bank owned by NatWest – after the bank closed his account.
Farage said Coutts, famed for banking the late Queen Elizabeth II, ditched him because of his pro-Brexit and anti-woke views. During a charity dinner, Rose sat next to the BBC’s business editor and told him that Farage was axed because he wasn’t a profitable customer. The journalist wrote a story the next day and later said he had relied on a “trusted and senior source.”
Farage ultimately landed a sucker punch. He acquired a 40-page document from Coutts that included a list of his political views that the bank felt created “significant reputational risks of being associated with him.”
The document described Farage’s views as “xenophobic and racist” and said he was “considered by many to be a disingenuous grifter,” charges Farage has denied. This, combined with the fact that Farage had for some time failed to meet the financial criteria for banking at Coutts, led the bank to conclude it should shed him as a client. When Farage paid down his mortgage early, he was ousted. (WSJ, 7/26/2023)
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PLOTTING A DEAL WITH RUSSIA OVER UKRAINE.
One of the main reasons Nato is proving to be so reluctant to provide Ukraine with a clear timeframe for membership is the stiff opposition the proposal has received from the Biden administration.
In public, US President Joe Biden is keen to give the impression that he is fully committed to backing Ukraine’s battle for survival. But it is a different story behind-the-scenes, where Biden and his senior officials are more interested in ending the war in good time for next year’s US presidential election contest.
Consequently, rather than upsetting the Kremlin by openly backing Ukraine’s Nato membership bid, the Biden administration’s real objective is to explore possible options for ending hostilities this year.
Prior to the summit, US President Joe Biden made his opposition to the proposal perfectly clear, declaring that he did not believe Ukraine was “ready for membership in Nato,” and pointing out that there was no unanimity within the alliance “about whether or not to bring Ukraine into the Nato family now, at this moment, in the middle of the war.”
Biden’s obsession with ending the conflict helps to explain the recent initiative undertaken by a delegation of high-ranking US foreign policy experts and former national security officials to hold secret talks with Russian Foreign Minister Sergey Lavrov in New York in April. Such a deal would be nothing short of a sell-out of the Ukrainian people, and their heroic fight to protect their country from Russian aggression. (Con Coughlin, Gatestone, 7/26/2023)
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SECOND RUSSIA-AFRICA SUMMIT IN ST. PETERSBURG
The second Russia-Africa Summit takes place in St. Petersburg on 27-28 July. This comes at a time of a major geopolitical shift, which African leaders may see as offering beneficial opportunities.
The previous summit, in 2019, led to the signing of 92 agreements, contracts and memoranda of understanding worth over $11 billion. Several African countries (Nigeria, for one) have benefited from these agreements, especially in areas of energy generation and education.
This time, many countries on the continent are facing a cost of living crisis. But how likely are they to get help from Russia? Its invasion of Ukraine has led to sharp increases in fertiliser and grain prices, pushing up food prices and raising food insecurity on the continent.
The second complication in the engagement is the controversial role of the Wagner group in several African countries. The third is that the state of Russia’s economy limits President Vladimir Putin’s ability to offer Africa any meaningful economic assistance. (The Conversation, South Africa, 7/25/2023)
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DEMOS IN ISRAEL WORST IN 75 YEARS
Thousands of demonstrators were camped outside Israel’s Parliament on Sunday as lawmakers debated a key part of Prime Minister Benjamin Netanyahu’s plan to overhaul the judiciary, a proposal that has set off perhaps the country’s gravest domestic crisis since its founding 75 years ago.
Talks were continuing to seek an 11th-hour compromise over the bill, which aims to limit the ways in which the Supreme Court can overturn government decisions. But the monthslong dispute over the judicial overhaul has become a stand-in for deeper rifts in Israeli society between those who want a more secular and pluralist state and those with a more religious and nationalist vision. (NYT, 7/24/2023)
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CHINA PLANS WAR ON AMERICA THROUGH THE ARCTIC
This month, Hong Kong’s South China Morning Post reported that the Shanghai-based Polar Research Institute of China revealed that “China has completed the field testing and evaluation of an underwater listening device that will be deployed on a large scale in the Arctic Ocean.”
The innocuous-sounding report tells us that China intends to wage war against the United States and Canada from the Arctic.
Other than this buoy, the institute said, China had “never planted a listening device there.”
That assertion is not truthful. Last fall, the Canadian military, according to Canada’s Globe and Mail in February, removed buoys placed by China in Canadian waters in the Arctic.
“China is now covertly preparing the groundwork for militarization of the largely undefended northern territory and critical Arctic sea routes.” — Charles Burton of the Ottawa-based Macdonald-Laurier Institute, to Gatestone, July 2023.
China is not only pressing the United States and Canada from the north. In the other direction, China is establishing military bases in South America and the Caribbean and is infiltrating saboteurs across the border with Mexico. The Biden administration is allowing a hostile state to go hard against America from all sides. A menacing China is now everywhere in the Western Hemisphere. (Gordon G. Chang, Gatestone, 7/24/2023)
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POINTS TO PONDER
- The Republican House Speaker has argued that Joe Biden’s family business dealings merit an impeachment inquiry. Kevin McCarthy accused the US president of stonewalling congressional investigations and claimed he would seek recourse, in the “strongest hint yet” his party is prepared to try and impeach the president. McCarthy said Biden’s administration had set out to “deny Congress” its powers, arguing this is “something we haven’t seen since Richard Nixon.” (The Week, 7/26/2023)
- Concerns over a global food crisis are mounting as the West continues to look for safe ways to export Ukrainian grain following the ending of the Black Sea Grain Initiative. Last week the Kremlin announced that it was terminating its participation in the agreement that had allowed Ukraine to export its grain by sea despite Moscow’s naval blockade. Ukraine is a major producer of grain and other foodstuffs, meaning millions of people who face hunger around the world, as well as those who have been affected by the cost-of-living crisis, will potentially struggle even more.
(The Week, 7/26/2023)
- Hair and beauty salons across Afghanistan will shut in the coming weeks. Their closure, which has been ordered by the Taliban, will lead to the loss of around 60,000 jobs. The decision “further restricts spaces open to Afghan women,” said the BBC, as they are “already barred from classrooms, gyms and parks.” An Afghan women told the broadcaster that it’s “common” for men to ban their daughters from wearing make-up or going for a beauty treatment. (The Week, 7/26/2023)
- The ripple effect of the Koran burning in Sweden continues. Now there are calls in Lebanon to cut ties with Sweden following the burning of the Islamic holy book by a Swedish pastor. (MEMRI, 7/26). What’s happening here is that the Islamic world is increasingly ganging up on the West, refusing to permit any criticism of Islam. Here in Michigan the city of Hamtramck, the city that has the first all-Muslim council in the US, has now forbidden all displays of LGBTQ symbols, flags and other supportive displays. As the Muslim population increases, so intolerance will increase.
- With so much to watch and so little time to watch it in, millions of TV viewers are choosing to watch streamed shows at higher speeds, of up to twice the normal pace. A survey by YouGov found that 27% of people use the function at least sometimes; 13% speed up podcasts and 8% speed up music. “It is being respectful of your time,” one speed demon told The Sunday Times. (The Week, 7/24/2023)
- The longer people worked in new, more efficient ways, the less time they spent on the job, according to findings from a series of four-day-workweek trials conducted in the U.S., Canada, the U.K. and Ireland over the past 18 months. After six months, workers reported less burnout, improved health and more job satisfaction, and had cut their average work time by about four hours to 34 hours a week. Those who continued the schedule for 12 months reduced working times to about 33 hours a week, with better reported health and work-life balance, researchers say. (WSJ, 7/26/2023)
- The region’s burn centers report a rise in injuries to people who touch hot door handles, walk barefoot or fall on scorching pavement—even briefly. Pavement burns often result in worse injuries than exposure to flames, boiling water or chemicals. They are riskiest to those who can’t get up immediately such as elderly people who might faint from dehydration and patients with conditions that cause loss of feeling in their feet. Doctors advise staying indoors on hot days, but if you have to go out, wear shoes, socks and a hat; drink plenty of water; and let people know where you will be. (WSJ, 7/26/2023)
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COMMENTARY
There are more slaves in today’s world than there ever were in the days of the transatlantic slave trade.
According to the movie “The Sound of Freedom,” 200 million children are slaves at this time, victims of human trafficking. The abuse they suffer is not just sexual – they are abused constantly, in different ways, wherever they are. It is about an organization that tries to free slaves, focusing mainly on children in the movie. It’s a very moving film. The subject matter is alien to most of us but is handled tastefully in the movie.
Just as Harriet Beecher Stowe’s book “Uncle Tom’s Cabin” boosted the anti-slavery movement and led directly to the American Civil War, so it is hoped this movie will wake up Americans to the need for a new anti-slavery movement.
Revelation 18:13 writes of this end time, the end time commercial trading system, and shows that slavery is very much a part of the modern world. “Merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble; and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men.“ (Rev. 18:12-13)
Be sure to see the movie. Being a serious film, it won’t be at the cinemas long (it comes out on DVD end of September). “Barbie” did better at the box office.