Benjamin Netanyahu delivers a 4th of July message to the American People

Netanyahu-with-flags

Important Takeaways:

  • Freedom is the most precious gift humanity will ever know. And freedom isn’t free. You have to be willing to fight for it.
  • On this Fourth of July, I want to thank the American people for being true to their birthright, the Spirit of 1776, and wish them a happy and blessed Independence Day.
  • Through thick and thin, for the past nine months, Israel has deeply appreciated vital American support.
  • In these times of national crisis, as the people of Israel fight a seven-front war for our national survival against Iran and its terror proxies, it is heartening to know that far from standing alone, we have the support of the greatest democracy the world has ever known.
  • Character is revealed in times of crisis. In the face of Hamas’s savagery on October 7, the people of Israel connected to the deepest foundations of our national being. As one, we rose to fight our enemies with the heroism, determination, and resilience that characterized our heroes from the days of Joshua and the Maccabees, passed down across time to the warriors of the modern State of Israel.
  • What makes the US-Israel relationship a stellar duo
  • America stands with Israel because Americans are similarly moved by the legacy of their forefathers. At their base, Israel and America are guided by the same twin insights. Freedom is the most precious gift humanity will ever know. And freedom isn’t free. You have to be willing to fight for it.
  • Israelis saw on October 7 what it would mean if we ever lost our freedom. We understood this is not a war of choice but a war for survival.
  • Americans saw the atrocities of October 7, and they understood the stakes as well, not just for Israel but for the free world as a whole. Israel, a peace-loving democracy and America’s closest ally in the Middle East, was invaded by an army of jihadists bent on annihilation and subjugation. The same forces attacked America on September 11. Standing with Israel came naturally and immediately for Americans. They understood that for this march of murder and tyranny to end, Israel must win this war.
  • Tyrannical ayatollahs that rule Iran stand at the apex of the axis of jihad, murder, and war. They and their henchmen view Israel and the United States as their mortal enemies.
  • The outcome of this war is not in question. Israel will remain true to our ancient and modern legacy. We will win this war. We are strengthened with the sure knowledge that as we move forward toward victory we will be supported by our great friend, the United States of America.

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Trump says he will not sign moderate ‘Dreamer’ immigration bill

Children interact with members of the Presbyterian church in Sunland Park, U.S. at a new section of the border wall on the U.S.-Mexico border after a liturgy to commemorate the religious dimensions of migration, in this picture taken from Anapra neighborhood in Ciudad Juarez, Mexico May 3, 2018. REUTERS/Jose Luis Gonzalez

WASHINGTON (Reuters) – President Donald Trump said on Friday he would not sign the more moderate of two bills under consideration in the U.S. House of Representatives that are meant to address the threat of deportation hanging over the United States’ “Dreamer” immigrants.

“I’m looking at both of them. I certainly wouldn’t sign the more moderate one,” Trump said in an interview with Fox News Channel in front of the White House. “I need a bill that gives this country tremendous border security. I have to have that.”

House Speaker Paul Ryan plans to bring up the two bills for votes in the Republican-controlled House next week, moving to break a long-standing stalemate on Capitol Hill over immigration law. But Ryan said on Thursday he could not guarantee passage of either measure.

Up to 1.8 million young Dreamers, mostly Hispanics who entered the country illegally years ago as children, could qualify for protection under the more moderate of the two Republican bills.

It would allow the Dreamers to apply for temporary “non-immigrant” visas to remain in the United States. It would also provide $25 billion to strengthen security at the U.S.-Mexico border, including funding construction of a border wall that the Republican president wants to build.

The other bill is a conservative Republican measure that would build the border wall and deny Dreamers the chance of citizenship.

(Reporting by Justin Mitchell; editing by Kevin Drawbaugh, Tim Ahmann and Jonathan Oatis)

Xi warns Taiwan will face ‘punishment of history’ for separatism

Chinese President Xi Jinping speaks at the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 20, 2018.

By Philip Wen and Ben Blanchard

BEIJING (Reuters) – Chinese President Xi Jinping told self-ruled Taiwan on Tuesday that it would face the “punishment of history” for any attempt at separatism, offering his strongest warning yet to the island claimed by China as its sacred territory.

In response, the government of Taiwan, one of China’s most sensitive issues and a potentially dangerous military flashpoint, said it hoped China could “break free” of the old clichés of threats and force.

China’s hostility toward Taiwan has risen since the 2016 election of President Tsai Ing-wen, a member of the island’s pro-independence Democratic Progressive Party.

China suspects Tsai wants to push for formal independence, which would cross a red line for Communist Party leaders in Beijing, though Tsai has said she wants to maintain the status quo and is committed to ensuring peace.

China has been infuriated by U.S. President Donald Trump’s signing into law legislation last week that encourages the United States to send senior officials to Taiwan to meet Taiwan counterparts, and vice versa.

The United States does not have formal ties with Taiwan but is required by law to help it with self-defense and is the island’s primary source of weapons.

China will push for the “peaceful reunification of the motherland” and work for more Taiwanese to enjoy the opportunities of its development, Xi told the 3,000-odd delegates to the annual session of parliament.

“It is a shared aspiration of all Chinese people and in their basic interests to safeguard China’s sovereignty and territorial integrity and realize China’s complete reunification,” Xi said in a speech at the end of the session.

“Any actions and tricks to split China are doomed to failure and will meet with the people’s condemnation and the punishment of history,” he added, to loud applause.

China had the will, confidence and ability to defeat any separatist activity, Xi said.

“The Chinese people share a common belief that it is never allowed and it is absolutely impossible to separate any inch of our great country’s territory from China.”

In Taiwan, the China policy-making Mainland Affairs Council said the government was firm in its conviction to protect Taiwan’s “sovereign dignity” and the well-being of its people.

“We also hope that mainland China’s leaders, at this time of entering into a new administration period, can break free of clichéd thinking of strong intimidation,” it added.

In a visit likely to further irritate China, U.S. Deputy Assistant Secretary of State Alex Wong will be in Taiwan this week, the island’s foreign ministry said.

PATRIOTIC SPIRIT

China has also been worried about independence activists in the former British colony of Hong Kong following big street protests there in 2014 calling for universal suffrage.

Xi said China would uphold Hong Kong’s high degree of autonomy, but would also seek to increase “national consciousness and patriotic spirit” in the financial center.

Taiwan has shown no interest in being run by China, and has accused China of not understanding how democracy works, pointing out that Taiwan’s people have the right to decide its future.

The new U.S. law on Taiwan adds to strains between China and the United States over trade, as Trump has enacted tariffs and called for China to reduce its huge trade imbalance with the United States, even while Washington has sought Beijing’s help to resolve tension with North Korea.

Taiwan has thanked the United States for the law and its support, but its foreign ministry said on Monday there were no plans for any senior leaders, such as the president, to visit the United States.

While stepped-up Chinese military exercises around Taiwan over the past year have rattled the island, Xi reiterated China’s assertion that its rise was not a threat to any country, though China considers Taiwan to be merely a Chinese province not a nation.

“Only those who are in the habit of threatening others will see everyone else as a threat,” Xi said.

(Additional reporting by Stella Qiu and Christian Shepherd, and Twinnie Siu and Fabian Hamacher in TAIPEI; Writing by Ben Blanchard; Editing by Robert Birsel and Clarence Fernandez)

U.S. jobless claims near 44-year-low as labor market tightens

Legal firm Hogan Lovells representative Nina LeClair (2nd R) talks to U.S. military veteran applicants (L) at a hiring fair for veteran job seekers and military spouses at the Verizon Center in Washington April 9, 2014. REUTERS/Gary Cameron

By Lucia Mutikani

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell to near a 44-year-low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter.

The stronger labor market combined with rising inflation could push the Federal Reserve to raise interest rates this month.

Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 223,000 for the week ended Feb. 25, the lowest level since March 1973, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 fewer applications received than previously reported.

It was the 104th straight week that claims remained below 300,000, a threshold associated with a healthy labor market. That is the longest stretch since 1970, when the labor market was much smaller. It is now at or close to full employment, with an unemployment rate of 4.8 percent.

Economists polled by Reuters had forecast new claims for unemployment benefits dipping to 243,000 in the latest week. Financial markets are already pricing in a rate hike at the Fed’s March 14-15 policy meeting.

U.S. stock index futures rose after the data on Thursday. The U.S. dollar <.DXY> also firmed against a basket of currencies, while prices for U.S. government debt fell.

A survey from the U.S. central bank on Wednesday showed the labor market remained tight in early 2017, with some of the Fed’s districts reporting “widening” labor shortages.

The government reported on Wednesday that the personal consumption expenditures (PCE) price index jumped 1.9 percent in the 12 months through January, the biggest gain since October 2012. The PCE price index increased 1.6 percent in December.

The core PCE, the Fed’s preferred inflation measure, increased 1.7 percent, still below its 2 percent target.

TEPID GROWTH

A Labor Department analyst said there were no special factors influencing last week’s claims data. Only claims for Oklahoma were estimated.

The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 6,250 to 234,250 last week, the lowest reading since April 1973.

Data this week showed tepid growth in consumer spending in January, weak equipment and construction spending, and a wider goods trade deficit, suggesting the economy struggled to gain momentum early in the first quarter after slowing in the final three months of 2016.

The Atlanta Fed is forecasting first-quarter gross domestic product rising at a 1.8 percent annualized rate. The economy grew at a 1.9 percent pace in the fourth quarter.

Thursday’s claims report also showed the number of people still receiving benefits after an initial week of aid increased 3,000 to 2.07 million in the week ended Feb. 18. The four-week average of the so-called continuing claims edged up 750 to 2.07 million.

The continuing claims data covered the survey week for February’s unemployment rate. The four-week moving average of claims fell 21,500 between the January and February survey periods, suggesting an improvement in the jobless rate.

(Reporting by Lucia Mutikani; Editing by Paul Simao)

Iran to work on nuclear-powered boats after U.S. ‘violation’ of deal

Iranian President

By Bozorgmehr Sharafedin

BEIRUT (Reuters) – Iran’s President Hassan Rouhani ordered scientists on Tuesday to start developing systems for nuclear-powered boats, in reaction to what he called the United States’ violation of a global atomic deal.

The announcement marked Iran’s first concrete response to a U.S. Congress decision last month to extend legislation making it easier for Washington to reimpose sanctions on Tehran.

Rouhani described the technology as a “nuclear propeller to be used in marine transportation,” but did not say whether that meant just ships or possibly also submarines. Iran said in 2012 that it was working on its first nuclear-powered sub. http://reut.rs/2gVr80g

His words will stoke tensions with Washington, already heightened by comments from U.S. president elect Donald Trump who has vowed to scrap the deal, under which Iran agreed to curb its nuclear activities in exchange for lifted sanctions.

There was no immediate reaction from the Vienna-based International Atomic Energy Agency, which monitors Iran’s nuclear work.

“The United States has not fully delivered its commitments in the Joint Comprehensive Plan of Action (the nuclear deal),” Rouhani wrote in a letter published by state news agency IRNA.

“With regards to recent (U.S. congress) legislation to extend the Iran Sanctions Act, I order the Atomic Energy Organization of Iran to … plan the design and construction of a nuclear propeller to be used in marine transportation to be used in marine transportation.”

U.S. Congress members have said the extension of the bill does not violate the nuclear deal agreed last year to assuage Western fears that Iran is working to develop a nuclear bomb. The act, Congress added, only gave Washington the power to reimpose sanctions on Iran if it violated the pact.

Washington says it has lifted all the sanctions it needs to under the deal between major powers and Iran.

But Iran’s Supreme Leader, Ayatollah Ali Khamenei said last month that the extension was a definite breach and Iran would “definitely react to it”.

Iran always argued its nuclear program was for peaceful purposes.

(Reporting by Bozorgmehr Sharafedin; Additional reporting by Shadia Nasralla in Vienna; editing by John Stonestreet and Andrew Heavens)