Trump’s motives on Jerusalem are unclear

first_imgThe Palestinians would get a state, though the 1967 lines would not be its borders.According to some, the territory they get would not be contiguous.That would amount to substantially less than the Palestinians demand and far more than Israel’s right flank intends to give them.If the administration is serious about such a deal, Trump needs to buy the allegiance of both sides.The capital announcement is a prize that Prime Minister Benjamin Netanyahu (weakened by corruption scandals and in no position to push back) can use to assuage his right flank.At the same time, Trump may have told Palestinian Authority President Mahmoud Abbas (who is 82 and running out of time) that no one will object if the Palestinians protest or burn flags, but serious violence will not be tolerated.If Abbas wants his state, he may have heard, he had better make sure to keep the response to Trump’s announcement muted.Netanyahu, in return, may have been warned that in return for his prize, he will be expected to deliver support for the plan Trump’s team plans to proffer. For decades, the Western world has allowed fear of Palestinian terrorism (or Palestinians backing out of negotiations) to silence claims that everyone knows to be true.Such capitulation serves no one. It doesn’t serve the West, for it renders even the U.S. impotent in the face of Palestinian threat.It doesn’t help Israel, which wants the world to acknowledge that its capital being near the seat of King David’s kingdom and the location of the two Temples symbolizes with utter clarity that the Jews have returned home.And it doesn’t serve the Palestinians, who through the use of threat, have immobilized the West and put off the serious deliberations they will have to undertake if they are ever to get the state they want.Whether the president has the focus, skill and interest in making this move the beginning of a positive and far-reaching process, though, remains to be seen.Daniel Gordis is senior vice president and Koret distinguished fellow at Shalem College in Jerusalem. Categories: Editorial, OpinionCalling it a “recognition of reality” and “the right thing to do,” President Donald Trump announced Wednesday that the U.S. was recognizing Jerusalem as Israel’s capital, and that the American Embassy will be moved from Tel Aviv to the contested city.The announcement leaves many questions, two of which are primary. Trump’s core supporters will likely stick by him through thick and thin.But there have to be some religious voters who find the president’s open endorsement of Alabama Senate candidate Roy Moore — widely believed to have forced underage women into sexual encounters — distasteful to say the least.The Russia investigation looms, as do increasing questions about whether Trump, his family or his innermost circle may be legally vulnerable.It hasn’t been a good period for the president; if Trump was looking for a diversion, he seems to have landed on an effective one.There is one much less cynical, although unlikely, possibility that deserves mention.Trump has long said he will forge a deal between Israelis and Palestinians, and rumors on the street are that the “key principles” of his team’s agreement are emerging.Accounts vary. If anyone can deliver the Israeli right, it is Netanyahu, likely the most skilled political manipulator the country has had as prime minister.With his political life possibly nearing its end and with little to show for his years in office, Netanyahu would like a deal like this to ensure his place in history.How likely is this scenario?It’s hard to say.A careful plan in which the Trump moves slowly and stays on script would hardly be characteristic of his modus operandi so far. But it’s not entirely out of the question.Trump, not surprisingly, is taking heat from all corners, including Palestinians, Iranian President Hassan Rouhani, U.K. Prime Minister Theresa May, Christian leaders in Israel and even the liberal American Jewish community.Yet even if he was motivated primarily by his own selfish needs, Trump is right — he did the right thing. The first is whether violence will ensue.The Palestinians and Turks are making threats, and Israel’s security establishment is said to be on alert.But many Israelis are dismissing the dangers of what they call “Trumpocalypse.”Unlike hypothetical steps, such as assigning the Palestinians a smaller state than they demand or ending U.S. support for a two-state solution, recognizing Jerusalem as Israel’s capital changes nothing on the ground.Many Israelis and even Palestinians thus doubt that, grandstanding aside, the Palestinians would risk much in response to a statement merely acknowledges what the world has long known to be true.The other major question is, “Why now?”Theories abound, of course, but the most obvious explanation is that Trump is seeking both a diversion from his growing problems at home and a bone to throw to his evangelical Christian and Orthodox Jewish base before his support there erodes. More from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the censuslast_img read more

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IPE Awards: How should activist hedge funds behave? (video)

first_imgCraig Stevenson, senior investment consultant at Towers Watson, discusses where allocations to activist hedge funds should sit in pension fund portolioslast_img

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Riksbank cuts repo rates, launches SEK10bn QE programme

first_imgSweden’s central bank is to trial a more expansionary monetary policy at it launches its own asset purchase scheme and takes repo rates negative.Riksbank announced that it would cut repo rates by 10 basis points, resulting in a negative rate of 0.10%, and that it would begin buying SEK10bn (€1.05bn) worth of government bonds in a move branded “historic” by local financial group SEB.In a statement, SEB argued that the -0.10% rate should be seen as “a test balloon for negative rates”, with further decreases likely in the near future.It also argued that the asset purchase programme – which will see Riksbank buy SEK10bn of nominal Swedish debt with maturities of 1-5 years – was “not optimal”, despite declining inflation rates. It said it would maintain its expansionary monetary policy until its target measure of inflation – CPIF, which excludes energy prices – once again rose to 2% from its December level of 0.5%.The move comes less than a month after the European Central Bank announced it would launch its own €60bn a month asset purchase programme in March, with critics warning the changes in asset allocation would be “toxic” for pension funds.The negative interest rates recently introduced by the Swiss National Bank have also caused problems for local pension funds, with the institution recently ruling out protecting the industry from the pain of the move.Mats Glenhage, head of business finance at Swedish insurer Folksam, admitted the negative repo rate could impact the return of those saving into pensions, but predicted that the action would initially have a marginal impact.He further pointed to the insurer’s diversified portfolio as being able to offset any immediate impact.However, others were less relaxed about the central bank’s move.Speaking at the Terminsstart Pension conference in Stockholm, Nordea chief economist Annika Winsth said the rate cut would cause unnecessary concern, Pensionsnyheterna reported.Winsth added that both the rate decision and the move towards quantitative easing signalled a concern about an oncoming crisis, and that the bank did not believe there would be a recovery in the near future.SEB noted that many investors would have been surprised by Riksbank’s doveish decision but warned about having too great an expectation of the Swedish quantitative easing (QE) programme.“We don’t see scope for a Swedish QE programme to match the size of the ECBs, [and] we believe that EUR/SEK is close to peak,” it said.last_img read more

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Chevron Island tower tipped to have largest recreation space on the Gold Coast

first_imgChevron One’s recreation hub, Club One, will offer five-star resort-style facilities.A $250 million luxury apartment tower earmarked for Chevron Island is set to have the largest recreation space of its kind on the Gold Coast.Club One will span 1600sq m across the first two levels of Chevron One, a 40-level high-rise developed by Bensons Property Group at 36-44 Stanhill Drive.Exclusively designed for residents, Club One will offer facilities normally associated with a five-star resort or private lodge. Chevron One’s recreation hub, Club One, will offer five-star resort-style facilities. Chevron One’s recreation hub, Club One, will offer five-star resort-style facilities. MORE NEWS: Location a standout Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenChoosing an apartment to invest in01:47center_img Chevron One’s recreation hub, Club One, will offer five-star resort-style facilities.It will come at an affordable price for residents with body corporate rates for apartments averaging less than $100 per week.Ray White Surfers Paradise Group is marketing the development. Head of projects Julian Sutherland said the recreational centre was synonymous with the quality Chevron One would bring to the Gold Coast market.“Chevron One has so many facets that will make it a unique and wonderful lifestyle destination that will stand the test of time in the precinct of Chevron Island, (which) is undergoing a major transformation.”Chevron One will have 236 apartments priced from $370,000 for one bedroom residences to $2.95 million for four-bedroom residences.Construction will start this year and is expected be finished by 2021. A display suite is at 42 Stanhill Drive, Chevron Island. “Club One is custom designed to enhance the lifestyle of residents by incorporating facilities found only in the most exclusive resorts,” he said.“It uniquely caters for everyone, from those with an active lifestyle to those who take pleasure in contemplative spaces.” Chevron One’s recreation hub, Club One, will offer five-star resort-style facilities.It includes a private dining room and function room, an indoor and outdoor pool, spa, barbecue and teppanyaki areas, sun and spa decks, fully equipped gym, yoga lawn and sculpture garden for artwork.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoBensons Property Group managing director Rick Curtis said it would set the benchmark for recreational precincts in Surfers Paradise.MORE NEWS: Whopping $19 million sells under the hammerlast_img read more

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