US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe

US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe
Palestinians collect their belongings and inspect the destruction caused by Israeli airstrikes in eastern Deir al-Balah in central Gaza Strip on August 29, 2024. (NurPhoto via Getty Images)
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Updated 21 September 2024
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US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe

US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe
  • Hedge fund Neuberger Berman said manager Steven Eisman did not speak on its behalf and called his actions “objectionable”
  • Eisman profited from the 2007 crisis in the US subprime mortgage market, which turned into a global financial crisis, by shorting the stocks of American banks

WASHINGTON: Hedge fund manager Steven Eisman, known for a big winning bet against the US housing market dramatized in the movie “The Big Short,” was put on leave by his firm on Friday after he said on social media he was celebrating devastation in the Gaza Strip.
His firm, Neuberger Berman, said Eisman did not speak on its behalf and called his actions “objectionable.” More than 41,000 Palestinians have been killed in Israel’s nearly year-old war in the enclave, the Gaza health ministry has said.
An X user posted that the world was silent about war-ravaged Gaza. Eisman responded: “You must be kidding. We are not silent. We are celebrating.” His account has since been deleted.
Eisman could not immediately be contacted. In comments cited by media reports, he apologized for his remarks and said he had intended to refer to Israel’s attacks on the Hezbollah militant group in Lebanon.
A Neuberger Berman spokesperson distanced the firm from Eisman’s comments.
“Even though Mr. Eisman has acknowledged that he mistook the content of the post he responded to, his actions on social media were irresponsible and objectionable,” the company spokesperson added. Eisman joined the firm in 2014.
Eisman profited from the 2007 crisis in the US subprime mortgage market, which turned into a global financial crisis, by shorting the stocks of American banks. The episode was the basis for the 2015 film “The Big Short.”
Human rights advocates have warned about rising dehumanization of Arabs, Muslims and Jews amid Israel’s war in Gaza which has displaced nearly Gaza’s entire 2.3 million population, caused a hunger crisis and led to genocide allegations at the World Court that Israel denies.
Israel’s actions followed an attack by Palestinian Islamist group Hamas, which governs Gaza, on Oct. 7 in which 1,200 were killed and about 250 were taken as hostages, according to Israeli tallies. It sparked the latest bloodshed in the decades-old Israeli-Palestinian conflict. 


Pope Francis meets Ukraine’s Zelensky at Vatican

Pope Francis meets Ukraine’s Zelensky at Vatican
Updated 6 sec ago
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Pope Francis meets Ukraine’s Zelensky at Vatican

Pope Francis meets Ukraine’s Zelensky at Vatican
  • Zelensky is traveling across Europe this week to discuss his proposed ‘victory plan’ with region’s leaders
  • Western officials and Zelensky have said the war with Russia is at a critical point
VATICAN CITY: Pope Francis met Ukrainian President Volodymyr Zelensky at the Vatican on Friday morning for their second face-to-face encounter in four months.
The pope and the Ukrainian leader, who met on the sidelines of the Group of Seven (G7) summit in southern Italy this summer, held private talks at the Vatican’s apostolic palace.
Zelensky is traveling across Europe this week to discuss his proposed “victory plan” with the leaders of Britain, France, Italy and Germany, and the head of NATO.
Western officials and Zelensky have said the war with Russia is at a critical point and Ukraine is keen for further support to try to change the balance on the battlefield to put itself in a strong position for eventual peace talks.
The pope drew the ire of Ukrainian officials in March when he suggested they should have the courage of the “white flag” to negotiate an end to the war with Russia. At the time, Zelensky dismissed the pope’s remarks as “virtual mediation” from a distance.
Francis has also criticized Ukrainian lawmakers’ plans to ban activities of a Russia-linked branch of the Christian Orthodox church, which the Ukrainians have accused of spreading pro-Russian propaganda and housing spies.
The pope met privately on Thursday with the leader of the Ukrainian Greek Catholic Church, Major Archbishop Sviatoslav Shevchuk. The prelate, who is based in Kyiv, has been in Rome for an ongoing Vatican summit of global bishops.
“I wanted to tell the pope about the disaster of the war and the challenges coming this winter,” Shevchuk told the Vatican’s media outlet.

Blinken says US wants Lebanon solution, not ‘broader conflict’

Blinken says US wants Lebanon solution, not ‘broader conflict’
Updated 22 min 44 sec ago
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Blinken says US wants Lebanon solution, not ‘broader conflict’

Blinken says US wants Lebanon solution, not ‘broader conflict’
  • Blinken said the United States would work to support the fragile Lebanese state to build itself up after Hezbollah’s long-held sway

Vientiane: US Secretary of State Antony Blinken voiced hope Friday for a diplomatic solution in Lebanon and preventing a broader conflict, as he backed efforts by the fragile state to assert itself against Hezbollah.
Blinken again said that Israel, which has been carrying out deadly strikes on Lebanon, “has a right to defend itself” against Hezbollah, but voiced alarm over the humanitarian situation.
“We continue to engage intensely to prevent broader conflict in the region,” Blinken told reporters after an East Asia Summit in Laos.
“We all have a strong interest in trying to help create an environment in which people can go back to their homes, their safety and security, kids can go back to school,” he said.
“So Israel has a clear and very legitimate interest in doing that. The people of Lebanon want the same thing. We believe that the best way to get there is through a diplomatic understanding, one that we’ve been working on for some time, and one that we focus on right now.”
He said the United States would work to support the fragile Lebanese state to build itself up after Hezbollah’s long-held sway.
“It’s clear that the people of Lebanon have an interest — a strong interest — in the state asserting itself and taking responsibility for the country and its future,” he said.
He also said that the United States was voicing concern directly to Israel on the humanitarian situation in Gaza.
“I have real concern about the inadequacy of the assistance that’s getting to them,” Blinken said, adding that the United States has been “very directly engaged with Israel” on the topic.

Concern in Asia about prospect of Middle East conflicts

US Secretary of State Antony Blinken said also on Friday there was deep concern in Asia about the plight of people in Gaza and conflict in the Middle East and stressed Washington was doing everything in its power to prevent those from spreading.
Speaking in Laos after the East Asia Summit, Blinken said concerns about the Middle East came up in conversations with other leaders, during which he reiterated Washington was dedicated to diplomacy to control the situation in the face of what he called an Iranian-led axis of resistance.
“The intense focus of the United States, which has been the case going back a year, and doing just that, (is) preventing these conflicts from spreading. And we’re working on that every day,” Blinken told a press conference.
“We’re working very hard through deterrence and through diplomacy to prevent that from happening. There’s also obviously deep concern that we share about the plight of children, women, and men in Gaza, who for now a year have been caught in a terrible crossfire of Hamas’ instigation.”
Blinken also said the United States was directly engaged with Israel to stress how imperative it was that the humanitarian needs of people in Gaza are met.
Israel had the right to defend itself from attacks from Hezbollah, he added, and like the United States, it had a clear and legitimate interest in creating an environment where tens of thousands of displaced people in southern Lebanon can return to their homes.
“It’s also vitally important that in doing that, they focus on making sure that civilians are protected and, again, are not being caught in a terrible crossfire,” he said.
Blinken also gave his reassurances of the US commitment to the Indo-Pacific region, regardless of the outcome of the upcoming US presidential election, adding it was critical to US interests.
“Even with everything else going on, our focus has remained intensely on this region,” he said.
“It’s my belief that basic approach will continue, irrespective of who’s president, because it’s so manifestly in our interest.”
“There’s strong support in Congress for our engagement in the region across parties and across both houses of Congress. And I don’t see that changing,” he said.


Prince and Princess of Wales meet with families of dance class stabbing attack

Prince and Princess of Wales meet with families of dance class stabbing attack
Updated 11 October 2024
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Prince and Princess of Wales meet with families of dance class stabbing attack

Prince and Princess of Wales meet with families of dance class stabbing attack
  • The royal couple spent 90 minutes meeting privately with the families of the victims

LONDON: Prince William and the Princess of Wales on Thursday carried out their first joint public engagement since the end of Kate’s chemotherapy by meeting the bereaved parents of victims of a stabbing rampage in the seaside town of Southport.
The royal couple spent 90 minutes meeting privately with the families of Bebe King, 6, Elsie Dot Stancombe, 7, and Alice da Silva Aguiar, 9, who were killed at the Taylor Swift-themed dance class on July 29. They also met with their teacher.
The couple later met with emergency workers at a community center, and told them how much their efforts had helped the families of the victims.
“I can’t underestimate how grateful they all are for the support you provided on the day,” Kate said. “On behalf of them, thank you.”
William and Kate sat beside each other on a bench and listened to their stories. Once the cameras left, Kate offered a hug to responders who were struggling to express their feelings.
“You’re all heroes,” William said. “Please make sure you look after yourselves, please take your time, don’t rush back to work.”
The Princess of Wales revealed in March that she was undergoing treatment for cancer, in a stunning announcement that followed weeks of speculation about her health and whereabouts.
The princess disclosed her condition in a video message that followed relentless speculation on social media that began when she was hospitalized for unspecified abdominal surgery in January.
In a recent video, Kate said she had completed chemotherapy, and planned to slowly return to public duties, “undertaking a few more public appearances” in the coming months.
But she acknowledged that the path to recovery would be long and she would “take each day as it comes.”


Ukraine’s Zelensky city-hops across Europe, promoting ‘victory plan’ to allies

Ukraine’s Zelensky city-hops across Europe, promoting ‘victory plan’ to allies
Updated 11 October 2024
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Ukraine’s Zelensky city-hops across Europe, promoting ‘victory plan’ to allies

Ukraine’s Zelensky city-hops across Europe, promoting ‘victory plan’ to allies
  • He detailed the proposals Thursday to European allies after a summit with President Joe Biden was derailed by Hurricane Milton

ROME: Ukrainian President Volodymyr Zelensky was city-hopping across Europe on Thursday to promote a “victory plan” that he said “aims to create the right conditions for a just end to the war” against Russia, detailing the proposals to European allies after a summit with President Joe Biden was derailed by Hurricane Milton.
Zelensky’s talks in London with British Prime Minister Keir Starmer and NATO Secretary-General Mark Rutte were quickly followed by another meeting in Paris with French President Emmanuel Macron, who just the previous day sent a strong signal of support for Ukraine by visiting Ukrainian troops being trained in France.
Zelensky posted on X that he “outlined the details” of the Ukrainian victory plan to Starmer and added: “We have agreed to work on it together with our allies.”
Starmer’s Downing Street office said the leaders discussed the blueprint, the challenges for Ukraine of the approaching winter and “how investment in the country’s security today would support Europe’s broader security for generations to come.”
The Ukrainian leader also met Rutte with Starmer. Zelensky posted afterward that they discussed trans-Atlantic cooperation and further reinforcing Ukraine militarily. He gave no details but posted that “these are the steps that will create the best conditions for restoring a just peace.”
Zelensky has yet to publicly present his proposals for victory. But the timing of his efforts to lock in European support appeared to have the looming US election in mind. Former President Donald Trump has long been critical of US aid to Ukraine.
Zelensky had planned to present his blueprint at a weekend meeting of Western leaders in Germany, but it was postponed after Biden stayed home because of the hurricane that struck Florida.
Zelensky then embarked on his whistle-stop tour of European capitals that have been among Ukraine’s staunchest allies outside of the United States.
In Paris, Macron and Zelensky hugged before talks on the plan at the French presidential Elysee Palace. Afterward, Zelensky said “all the details” would come in November and that he’s talking with allies about securing more military aid and permission for Ukrainian forces to carry out long-range strikes.
Kyiv wants Western partners to allow strikes deep inside Russia, using long-range weapons they provide. Some, including the UK and France, appear willing, but Biden is reticent about escalating the conflict.
“The situation looks bleak for all sides,” Tatiana Stanovaya, a senior fellow at the Carnegie Russia Eurasia Center, said Thursday on X. “The West hesitates amid internal divisions, Ukraine struggles while bracing for a harsh winter, and Russia presses forward without any strategic shifts in its favor, yet grows increasingly impatient.”
Later Thursday, Zelensky met in Rome with Italian Premier Giorgia Meloni, who ensured Italy’s full and continued support “at both bilateral and multilateral level in order to put Kyiv in the best position possible to build a just and lasting peace.”
Meloni said the meeting provided an opportunity to discuss the situation on the ground and Ukraine’s “most immediate military, financial and humanitarian needs, as well as the forthcoming diplomatic initiatives and the pathway to bring an end to the conflict.”
She added that Rome will continue to do its part also in the future reconstruction of Ukraine and announced the dates for the next Ukraine recovery conference, which will be held in Rome in July 2025.
Zelensky stressed that his priority is to strengthen Ukraine’s position, with the help of its international partners, to create the necessary conditions for diplomacy.
“Russia is not really looking for a diplomatic path,” he said. “If we are able to implement the victory plan, Russia won’t be able to continue the war.”
Zelensky is scheduled to meet Pope Francis Friday morning for a half-hour audience, the Vatican said. Later in the day, he’ll meet German Chancellor Olaf Scholz in Berlin.
Ukraine relies heavily on Western support, including tens of billions of dollars’ worth of military and financial aid, to keep up the fight against its bigger enemy after almost 1,000 days of fighting since the full-scale Russian invasion began in 2022.
Fearing that crucial help could be in jeopardy due to political changes in donor countries, Ukraine has been building up its domestic arms industry. It also wants to raise more money from taxpayers to pay for the war effort. The Ukrainian parliament passed a bill on second reading Thursday that raises the so-called military tax from 1.5 percent to 5 percent. Some amendments are expected before it becomes law.
Zelensky’s tour comes as Russia continues a slow but relentless drive deeper into Ukraine’s eastern Donetsk region and targets key infrastructure with airstrikes.
Zelensky said Wednesday that the victory plan seeks to strengthen Ukraine “both geopolitically and on the battlefield” before any kind of dialogue with Russia.
“Weakness of any of our allies will inspire (Russian President Vladimir) Putin,” he said. “That’s why we’re asking them to strengthen us, in terms of security guarantees, in terms of weapons, in terms of our future after this war. In my view, he (Putin) only understands force.”
The death toll from a Russian ballistic missile strike on Ukraine’s southern city of Odesa rose Thursday to eight, regional Gov. Oleh Kiper said. It was the latest in a string of assaults on the Black Sea port.
Authorities in Kyiv also announced Thursday that Ukrainian journalist Viktoria Roshchyna died while being in Russian captivity, although the circumstances of her death remained unknown. Moscow admitted detaining Roshchyna, who went missing in 2023 while on a reporting trip to Russia-occupied areas.


Four killed by Russian missile strike in Ukraine’s Odesa region

Four killed by Russian missile strike in Ukraine’s Odesa region
Updated 11 October 2024
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Four killed by Russian missile strike in Ukraine’s Odesa region

Four killed by Russian missile strike in Ukraine’s Odesa region

KIEV: Four people were killed by a Russian missile strike in Ukraine’s southern Odesa region on Friday, Governor Oleh Kiper said on the Telegram messaging app.
Kiper said a ballistic missile struck a two-story building where civilians lived and worked. Ten more people were wounded.