ZIONISTS ASSAULT MUSLIMS & CHRISTIANS

Israeli police storm Al-Aqsa mosque, arresting hundreds

April 5 (UPI) -- Israeli police stormed the Al-Aqsa mosque on Tuesday night, arresting hundreds of people they said had barricaded themselves in the building, prompting retaliatory rockets to be launched from the Gaza Strip at Israel and for Israel to respond with airstrikes.

The escalating series of violence comes as Muslims celebrate Ramadan and Jews prepare for their Passover holiday and which began with police storming Al-Aqsa mosque in East Jerusalem, arresting more than 350 people.

Israel Police said the suspects, "including masked individuals, stone and firework hurlers/throwers and individuals suspected of desecrating the mosque" were accused of having "violently barricaded themselves" in the mosque.

Authorities stormed the building after failed attempts via dialogue to convince them to leave, Israel Police said in a statement, adding officers were pelted with stones and firecrackers they said were smuggled into the mosque overnight by those who then barricaded themselves inside with the use of iron rods, closets and other objects.

One Israeli soldier was injured in the operation, while the Palestinian Ministry of Foreign Affairs said "hundreds" of worshippers were injured in what it condemned as a "brutal" attack against Palestinian worshippers.

"Israeli occupying forces illegally invaded Al-Aqsa, barbarically assaulted men, women and children, unlawfully detained more than 500 worshippers, prevented ambulances from attending to hundreds of injured worshippers and caused irreparable damage to the Al-Aqsa Mosque," it said in a statement Wednesday morning.

"Worshippers have the absolute right to freely and safely pray in and around the holy compound, whenever and at any time, without any obstruction or violence."

Following the siege on Tuesday night, sirens blared throughout southern Israel as the IDF said at least nine rockers were fired toward the country from Gaza, with four being intercepted by military and four others landing in open areas.

In retaliation, Israel, which holds Hamas responsible for all violence from Gaza, said warplanes struck three weapons manufacturing sites, a military training compound and military posts of the militant terrorist organization in the Palestinian enclave.

"This is in response to the firing of rocket-propelled grenades by vandals in the Gaza Strip towards Israel last night," the IDF said in a statement. "This raid is a blow to the armament and force-building capabilities of the Hamas terrorist organization.

British education system facing new wave of strikes as unions reject pay offer


British teachers who walked out on strike three weeks ago in a dispute over pay are gearing up for a fresh wave of strikes beginning later this month. File Photo by Tolga Akmen/EPA-EFE

April 5 (UPI) -- Britain's schools are facing a wave of strikes after a third teachers' union said Wednesday that its members had rejected the government's latest pay offer.

The National Association of Head Teachers said its 37,000 members had voted overwhelmingly to reject the government's "inadequate and unaffordable" pay offer and was considering balloting the membership over strike action.

More than 90% of the union members said the offer was unaffordable, saying they did not have the headroom in their budget to be able to afford the pay offer for the upcoming academic year which begins in September.

Four out of five members also indicated a willingness to strike.

British economy defies expectations to post 0.1% growth in fourth quarter

"Our members do not recognize the government's calculations on the affordability of the offer, with the vast majority of head teachers and school business leaders saying they could not pay the rise from their existing budgets," said NAHT general secretary Paul Whiteman. "This is a very clear stumbling block and one the government must listen to and solve if we hope to bring this dispute to an end."

NAHT's National Executive will now meet to discuss the next steps, including a formal ballot on industrial action.

The government's offer is for a 4.3% raise -- more for new teachers whose starting salary would rise to $37,500 -- plus a $1,250 one-off payment this year. Teachers are also concerned that the offer is not funded and that schools will have to pay for the raise out of their existing budgets.

RELATED British Amazon workers announce two rounds of strikes over pay

On Tuesday, the 450,000-strong National Education Union backed more strikes on top of two days of strikes set for April 27 and May 2, with further walkouts possible in the fall.

Delegates at the union's annual conference in Yorkshire voted for a three-day strike in late June or early July.

"If the Government does not resolve the current pay dispute the NEU will re-ballot members for a renewed mandate for further industrial action in the next academic year," the union said in a news release.

That could see the strikes continue over into the new academic year if members give their backing.

"To parents, we say that we have no wish to disrupt education, indeed our action is aimed at getting the government to invest in the education of this generation of children and the people who teach them," the NEU said.

"We are asking our school reps to plan with headteachers to ensure that year 11 and year 13 students have a full program of education on the upcoming strike days."

Three other unions, the NASUWT, Association of School and College Leaders and the University and College Union are all also balloting their members over industrial action.

Members of the University and College Union voted Monday to renew their union's ballot for industrial action over pay, pensions and working conditions, bringing campus strikes affecting 150 British universities in coming months a step closer.

The government, which says schools could afford to fund most of the pay raise from their budgets, called the further strike action "extremely disappointing" and has threatened to withdraw its pay offer if strikes go ahead.

Unions are arguing that the pay rise be fully funded because taking the money from schools' budgets would likely entail cutbacks to other areas.

Police arrest husband of former Scottish National Party leader


Former Scottish National Party leader Nicola Sturgeon's husband, Peter Murrell, was arrested Wednesday in connection with an investigation into the party's finances. 

File Photo by Robert Perry/EPA


April 5 (UPI) -- Peter Murrell, the husband of former Scottish National Party leader Nicola Sturgeon, was reportedly arrested on Wednesday in connection with an investigation into the party's fundraising and finances.

While not using Murrell's name in the announcement, Police Scotland said in a statement that a "58-year-old man" was "arrested as a suspect in connection with the ongoing investigation into the funding and finances of the Scottish National Party."

The police said he was being questioned by detectives while conducting "a number of locations."

Murrell and Sturgeon's home was sealed off with police tape and police were also seen searching the SNP offices.

"A report will be sent to the Crown Office and Procurator Fiscal Service," Police Scotland said. "The matter is active for the purposes of the Contempt of Court Act 1981 and the public are therefore advised to exercise caution if discussing it on social media."

Murrell controlled the internal operation of the party for nearly 24 years until leaving his position in the latest leadership shakeup that saw Sturgeon retire in March, giving way to Humza Yousaf being elected as party leader and first minister of Scotland.

Police Scotland started its probe after questions were raised over the handling of nearly $750,000 in donations made to the SNP to hold a second referendum for independence.

"Clearly it would not be appropriate to comment on any live police investigation, but the SNP has been cooperating fully with this investigation and will continue to do so," a party spokesperson said.

"At its meeting on Saturday, the governing body of the SNP, the NEC, agreed to a review of governance and transparency -- that will be taken forward in the coming weeks."

The resignation of Sturgeon, a longtime Brexit foe who embraced Scottish independence, was seen by many in Britain as a surprise last month. She led the Scottish National Party for eight years.

Yousaf took over last week, becoming the first Muslim to lead the SNP and serve as Scotland's first minister.

"The news this morning, it's challenging and it's difficult," Yousaf told reporters Wednesday. "The SNP has fully cooperated with the investigation and it will continue to do so."

CRIMINAL CAPITALI$M

Swiss regulators say UBS takeover of Credit Suisse was 'best option available'

Swiss regulators explained Wednesday that last month's controversial decision to sell off the country's troubled Credit Suisse bank cheaply was the best available solution to limit the risk of contagion to the global financial system.

April 5 (UPI) -- Switzerland's financial regulator sought Wednesday to justify the controversial decision made by the government and central bank to sell Credit Suisse to rival UBS for $3.2 billion, imposing massive losses on investors.

The Financial Markets Authority, or FINMA, said that following a six-month run on the bank it had four pre-prepared options on the day -- two of them ready to be signed -- resolution, nationalization, bankruptcy or a takeover.



Resolution and temporary nationalization were ruled out due to requiring more state funds and 100% investor bail-ins while the contagion risk to the global financial system of bankruptcy was considered so high that a takeover was deemed the least harmful solution, FINMA said.

"After carefully weighing up the advantages and disadvantages and the potential upsides and downsides, everyone involved came to the same conclusion," CEO Urban Angehrn said. "In this specific situation, a takeover of Credit Suisse by UBS was the best option available."






Anghern said the merger was the option that would most likely "stabilize the situation" and prevent the crisis from spreading further.

"As a global systemically important institution, Credit Suisse is not just any bank. The nature of the bank's business means it is highly interconnected with other market participants, both in Switzerland and globally," he said.

Angehrn said the current fragile state of the financial markets due to the shift to monetary tightening in 2022, the uncertain economic outlook, the Silicon Valley Bank and Signatures Bank crises in the United States and the whole geopolitical backdrop were also relevant to the decision.

Swiss prosecutor to investigate UBS takeover of Credit Suisse

"There was a high probability that the resolution of a global systemically important bank would have led to contagion effects and jeopardized financial stability in Switzerland and globally," he said.

The March 19 rescue deal saw Credit Suisse, which at the end of 2022 has assets of $1.4 trillion, sold for just $3.2 billion with shareholders receiving one UBS share for every 22.48 Credit Suisse shares they held.

Already wounded from a series of scandals and incidents, withdrawals on a "globally and historically unprecedented scale" totaling $153 billion in the fourth quarter caused the market's assessment of Credit Suisse's business model and the future to falter.

FINMA said that was the trigger for it to enter into an even closer, daily exchange with the bank from this point on, and in particular closely monitor Credit Suisse's liquidity situation.

A Federal Department of Finance-led steering committee was set up and met repeatedly with FINMA's committee on financial crises along with the Swiss National Bank.

Credit Suisse was ordered to prove it had contingency measures in place including risk reduction and strengthening capital and liquidity and to do everything possible to prepare for a potential sale, including finding a buyer.

But that effort was overtaken by last month's mini-banking crisis in the United States which threatened to topple Credit Suisse, forcing FINMA and SNB to cobble together the merger with rival UBS behind closed doors on a Sunday afternoon.

The deal has been mired in controversy ever since with FINMA forced to defend a decision ordering Credit Suisse to write down $17 billion worth of junior bonds to zero, UBS' CEO replaced and the country's top prosecutor launching a criminal probe into the takeover

Britain blocks Russian U.N. webcast featuring commissioner wanted by ICC


Britain blocked a webcast featuring Russian Presidential Commissioner for Children's Rights Maria Lvova-Belova as she faces an arrest warrant from the International Criminal Court. 

Photo by Mikhail Metzel/Sputnik/EPA-EFE


April 5 (UPI) -- Britain on Tuesday blocked a webcast of an informal United Nations Security Council meeting led by Russia on the removal of Ukrainian children from the country.

The rare move to turn off the webcast was made after learning that Russia's commissioner for children's rights Maria Lvova-Belova, who is facing an arrest warrant from the International Criminal Court over the removal of Ukrainian children, would address the meeting.

"[Lvova-Belova] should not be afforded a U.N. platform to spread disinformation," Britain's mission to the United Nations said. "If she wants to give an account of her actions, she can do so in The Hague."

Russia had said in a note that the purpose of the meeting was to dispel "a deliberate distorted narrative" that the children had been forced to leave Ukraine or abducted.

In March, the ICC accused Russian President Vladimir Putin and Lvova-Belova of being part of a scheme of forcibly deporting children from Ukraine to Russia since the start of the invasion of the country more than a year ago.

The authority of the court is not recognized by Russia and the United States and Moscow has rejected claims that it was abducting the children, saying the relocation was for their protection in a war zone and they were never forced against their will to depart Ukraine.

Russia, one of five members of the U.N. Security Council, serves as president of the body this month as part of its regular rotation done in alphabetical order. Russia last led the security council in February 2022, the month Moscow chose to invade Ukraine.

First Contact Day celebrates the future history of 'Star Trek'


First Contact Day, an annual celebration of all things "Star Trek," originated with the 1996 film "Star Trek: First Contact," starring Patrick Stewart and Gates McFadden. 

File Photo by Jim Ruymen/UPI | License Photo

April 5 (UPI) -- First Contact Day, celebrated annually on April 5, commemorates the date humanity met its first extraterrestrial species in the Star Trek franchise.

The holiday originated with the 1996 film Star Trek: First Contact, in which warp drive inventor Zefram Cochrane (James Cromwell) greets the crew of the Vulcan ship T'Plana-Hath in Bozeman, Mont., on April 5, 2063.

Ronald D. Moore, the film's writer, was the one who chose April 5 for the fateful meeting.

"The short answer on First Contact Day is that it's my oldest son, Jonathan's birthday," Moore told StarTrek.com. "And that's the only reason the date was chosen."

First Contact Day then became a holiday both inside and outside the world of the franchise. The day is considered in the real world to be a celebration of all things Star Trek.

Other holidays and observances for April 5, 2023, include Bell Bottoms Day, Holy Wednesday, National Caramel Day, National Deep Dish Pizza Day, National Dandelion Day and National Flash Drive Day.

New Zealand Reserve Bank surprises with 50 basis point interest rate hike


The Reserve Bank of New Zealand Wednesday raised a key interest rate by a surprising 50 basis points in a continuing effort to fight inflation. The rate went from 4.75 percent to 5.25 percent. Pictured is the Reserve Bank of New Zealand in Wellington. Photo by Clilly4/Wikimedia Commons

April 5 (UPI) -- The Reserve Bank of New Zealand Wednesday raised a key interest rate known as the Official Cash Rate by 50 basis points, surprising analysts who were expecting a smaller rate increase.

The bank's Monetary Policy Committee raised the interest rate from 4.75% to 5.25%, saying the interest rate must increase to return inflation to its desired range of 1-3%.

"Inflation is still too high and persistent, and employment is beyond its maximum sustainable level," it said.

As the bank announced the interest rate hike, it said New Zealand's economic growth is expected to slow through 2023 due to a combination of factors including "the slowing global economy, reduced residential building activity, and the ongoing effects of the monetary policy tightening to date."

New Zealand's interest rate hike comes as Australia's Reserve Bank decided to keep its cash rate at 3.6% after ten straight interest rate increases.

The Australian bank said inflation there has peaked and the bank decided to hold interest rates steady "to provide additional time to assess the impact of the increase in interest rates to date and the economic outlook."

The size of New Zealand's rate hike surprised some analysts who had been expecting a rate hike of 25 basis points.

Abhijit Surya, Australia and New Zealand economist at Capital Economics, said New Zealand is likely headed for a recession.

"With the downturn likely to generate rapid disinflation, we still think rate cuts will be on the table before the year is out," Surya said.

New Zealand's Reserve Bank said the committee considered a 25 basis point increase but settled on the 50-point hike.

"The Committee agreed that a further increase in the OCR is needed at this meeting to ensure core inflation and inflation expectations begin to fall," it said.

Looking ahead, the bank said it expects to see a continued slowing in domestic demand and a moderation in core inflation and inflation expectations in New Zealand.

"The extent of this moderation will determine the direction of future monetary policy," the bank statement said.

U.S. grant money targets methane leaks from gas pipelines

Federal grant money supports overhauls for natural gas pipelines to prevent the release of methane, a potent greenhouse gas. File photo by Jim Parkin/Shutterstock

Transportation Secretary Pete Buttigieg announces federal grant money will support overhauls to the nation's network of natural gas pipelines to prevent methane emissions. Methane is a potent greenhouse gas with far more warming potential than carbon dioxide.

April 5 (UPI) -- Exposure to harmful methane emissions from the nation's network of natural gas pipelines could be diminished with nearly $200 million in grants for overhauls, the U.S. Transportation Department announced Wednesday.

Grant money through the department's Pipeline and Hazardous Materials Safety Administration will be spread across 37 separate projects, starting with $10 million for Lac Cruces, New Mexico.

"This funding to modernize our gas pipelines will help protect residents from dangerous leaks, create good-paying jobs, and reduce methane emissions in communities across the nation, particularly in rural and underserved areas," said U.S. Transportation Secretary Pete Buttigieg,

Methane is finding a niche as a cleaner fuel, though it has more warming potential as a greenhouse gas than carbon dioxide. Data from the Environmental Protection Agency show that distribution, transmission and storage of oil and natural gas combine for 26% of the total methane emissions from fossil fuels.

Climate TRACE, a coalition founded by former U.S. Vice President Al Gore to monitor global emissions, found that more than half of the 50 largest sources of greenhouse gas emissions are associated with oil and natural gas fields and those emissions are vastly under-reported.

The EPA in November proposed new standards on methane abatement designed to cut methane emissions associated with oil and gas production by 87% from their 2005 levels by 2030.

Funding from the PHMSA targets repairs, replacement and rehabilitation of nearly 270 miles of pipeline.

"The next funding opportunity of $392 million is expected to be released in May of this year," the agency added.

TAX FREE LUXURY CAPITALI$M
French LVMH CEO Bernard Arnault is world's richest man at $201 billion


French billionaire Bernard Arnault has become the world's richest person, with a net worth of $201 billion, according to Bloomberg's Billionaires Index. 

Pool photo by Albin Lohr-Jones/UPI | License Photo

April 5 (UPI) -- French billionaire Bernard Arnault's net worth has topped $200 billion making him the world's richest person and just the third person to ever amass that much money. Arnault started the luxury goods company LVMH.

Bloomberg's Billionaires Index ranked Arnault ahead of both Bezos and Musk as of Tuesday, with a total net worth of $201 billion. That index shows Arnault with a $25 billion greater net worth than Elon Musk and $73 billion more than Amazon founder Jeff Bezos.

Arnault, 74, is just the third person to have a fortune above $200 billion. Elon Musk and Jeff Bezos both reached that milestone before dropping below that amount as tech company stocks dropped.

Musk's wealth also declined after he purchased Twitter for $44 billion in October and said last month that its value had fallen to $20 billion.

Bill Gates and Warren Buffet round out the top five richest people in the world.

Arnault is chairman and CEO of LVMH, owner of Louis Vitton, Christian Dior and Moët & Chandon. He co-founded LVMH 35 years ago and is the majority shareholder. His wealth increased by $2.4 billion on Tuesday.

LVMH stock prices have gone up by 150 percent in the past three years. According to Business Insider, Arnault's wealth has doubled since 2020.

Rihanna partnered with Arnault's LVMH in 2019 on a new fashion label. But less than two years after that deal, LVMH said it was putting Rihanna's Fenty fashion house "on hold."

Rihanna became a billionaire herself in 2021.

THE CRYPTO FREE MARKET AKA CRIMNAL CAPITALISM
International police action takes down Genesis Market for cybercrimes


Police in Britain have arrested 24 people in connection to an international law enforcement action against 'Genesis Market," an online forum that sold stolen information. 

Photo courtesy of U.K. National Crime Agency

April 5 (UPI) -- Law enforcement agencies from 17 nations have taken down Genesis Market, one of the world's largest online marketplaces for stolen financial information.

U.S. and British law enforcement officials made dozens of arrests and seized domain names, and the U.S. Treasury Department sanctioned Genesis Market.

"Working across 45 of our FBI Field Offices and alongside our international partners, the Justice Department has launched an unprecedented takedown of a major criminal marketplace that enabled cybercriminals to victimize individuals, businesses, and governments around the world," U.S. Attorney General Merrick Garland said in a news release Wednesday.

"Our seizure of Genesis Market should serve as a warning to cybercriminals who operate or use these criminal marketplaces: the Justice Department and our international partners will shut down your illegal activities, find you, and bring you to justice."

United States, Britain sanction seven Russians for cybercrimes

According to Britain's National Crime Agency, the Genesis Market hosted approximately 80 million stolen credentials. The platform would provide customers with bots that would mimic victims' login information and cookies to allow fraudsters to access victims' accounts, including financial information.

"Genesis Marketplace was unique in that it provided users with a custom browser, which would mimic that of their victim. This allowed the criminals to essentially masquerade as the victim, making it look like they were accessing their accounts from the usual location and operating system, thus not triggering security measures," The National Crime Agency said in a news release Wednesday.

The police operation involved Britain's National Crime Agency and was lead by the FBI and Dutch police.

"Behind every cybercriminal or fraudster is the technical infrastructure that provides then with the tools to execute their attacks and the means to benefit financially from their offending," said Rob Jones of Britain's National Crime Agency.

"Genesis Market was a prime example of such a service and was one of the most significant platforms on the criminal market," he continued.

At least 24 people were arrested in Britain, according to the National Crime Agency. Across multiple countries, over 120 people were arrested in connection with the joint police action.

On Tuesday, U.S. law enforcement seized 11 web domains associated with Genesis Market in an action dubbed "Operation Cookie Monster."

Additionally, the U.S. Treasury Department designated Genesis Market "for being responsible for or complicit in, or having engaged in, directly or indirectly, cyber-enabled activities ... that are reasonably likely to result in, or have materially contributed to, a significant threat to national security, foreign policy, or economic health or financial stability of the United States.

"The United States and our international partners will not allow illicit marketplaces to operate with impunity," said Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence.

 

PRIMITIVE ACCUMULATION OF CAPITAL

Global takedown of cybercriminals behind malware operation

By ERIC TUCKER and FRANK BAJAK

April 5, 2023


WASHINGTON (AP) — Law enforcement agencies in the United States and Europe said Wednesday that they have taken down a major online marketplace for stolen login credentials that had given cybercriminals access to millions of compromised accounts since its 2018 launch.

Officials seized 11 domain names tied to the Genesis Market and arrested about 120 users across the world, including some in the U.S., according to the FBI and Justice Department, which participated in the operation.

The market “falsely promised a new age of anonymity and impunity, but in the end only provided a new way for the Department to identify, locate, and arrest on-line criminals,” Deputy Attorney General Lisa Monaco said in a statement.

Genesis Market had provided users with access to data taken from more than 1.5 million computers infected with malicious software, with over 80 million account access credentials, the Justice Department said.

“Operation Cookie Monster,” the effort by law enforcement agencies in 17 countries, disrupted the largest marketplace of its kind, officials said.

“Cookie” refers to the web browser cookies that let people log onto websites without the need for multifactor authentication. Criminal users of Genesis Market could purchase software scripts from it, including browser cookies and fingerprints that track a user’s online activity.

The market, a “one-stop shop for account takeovers,” was advertised on several predominantly Russian-speaking underground forums, the cybersecurity firm Trellix, which assisted in the investigation, said in a research report.

“While underground marketplaces that sell stolen credentials aren’t a new thing, Genesis Market was one of the first that focused on fingerprints and browser cookies to enable account takeovers despite growing MFA adoption,” the Trellix researchers said. A specialized browser it offered customers made “account takeover child’s play for criminals,” their report says.

Trellix said it observed more than 450,000 infected machines in examining the marketplace.

Trellix’s threat intelligence lead, John Fokker, said the takedown would “have a notable impact on the activities of cybercriminals focused on stolen credential usage for the rest of the year. ”

He said in an online chat that he did not believe the people who ran the site would be arrested because they are in Russia.

Typically after such takedowns, the criminals regroup at other sites.

Dutch police put up a webpage to allow members of the public to enter their email address to determine whether their data was for sale on Genesis Market. The Justice Department said it had provided victim information for a website so that people could check if their accounts had been compromised.

___

Bajak reported from Boston.