Leftnews.org | News and Views from the Left

by Editors — last modified 2019-06-24T08:39:47-04:00
Contributors: Faiz Ahmed, JBB, Graham H. Cox, R. Dubois, JA Cox
The best of the political left-wing from around the web.

Army reservist accused of involvement in neo-Nazi group could lose job, military says | CBC

by Faiz Ahmed — last modified Aug 20, 2019 05:23 PM
"The Canadian military is assessing whether a member suspected of recruiting for a global neo-Nazi terrorist group will keep his job ... A day earlier, the department confirmed it was investigating whether army reservist Master Cpl. Patrik Mathews, a member of the 38 Canadian Brigade Group, might be involved in The Base, an organization that promotes hate."

Owen Jones attacked outside London pub | The Guardian

by Faiz Ahmed — last modified Aug 17, 2019 09:08 PM
"In the past year I’ve been repeatedly targeted in the street by far right activists, including attempts to use physical assault, and homophobic abuse. I’ve had a far-right activist taking pictures of me, and posting threatening messages and a video."

United States seeks to seize Iranian vessel in Gibraltar | CBC

by Faiz Ahmed — last modified Aug 15, 2019 09:24 AM
"Tensions have escalated in the Persian Gulf region since Trump over a year ago unilaterally withdrew the U.S. from Iran's 2015 nuclear deal with world powers. The decision stopped billions of dollars' worth of business deals, largely halted the sale of Iran's crude oil internationally and sharply depreciated Iran's currency, the rial. In recent weeks, Iran has begun to step away from the nuclear deal by increasing its production and enrichment of uranium. It has threatened to take further steps in early September if Europe can't help it sell its oil abroad."

Venezuela sanctions order leaves Citgo’s future in doubt | Financial Times

by Faiz Ahmed — last modified Aug 13, 2019 08:11 AM
"Last week, US president Donald Trump announced a near-total economic embargo of Venezuela, the first such step against a western hemisphere country in more than 30 years. Mr Guaidó, the National Assembly president who is recognised by the US and more than 50 other countries as Venezuela’s interim president, was quick to home in on what he said was a key victory in the executive order. ... Law firm Cleary Gottlieb, which represents creditors holding roughly $9bn worth of Venezuelan debt, issued a statement last week saying it does not “see a basis” for Mr Guaidó’s conclusion about Citgo. ... A Treasury official confirmed that interpretation: “Treasury’s authorisation and related guidance regarding the 2020 PDVSA bonds was not impacted by the [executive order] of August 5.” ... For that reason, some observers expect the Treasury to clarify the scope of Citgo’s protection before October. “I don’t really see the Treasury allowing the 2020 bondholders to enforce their claim,” said Richard Cooper, a lawyer at Cleary Gottlieb who advises the bondholder group alongside Mark Walker at Guggenheim Securities. “If they don’t change this, someone is going to get blamed for losing Citgo,” he added. “It would be a potentially big hit to the Guaidó team to lose Citgo under their watch.”"

Juan Guaido’s Team Signals It May Default on PDVSA Bond Backed by Citgo | Bloomberg

by Faiz Ahmed — last modified Aug 07, 2019 08:59 AM
"Since Venezuelan President Nicolas Maduro called for a debt restructuring in November 2017, the nation has defaulted on every bond except the PDVSA 2020 notes. That’s because of the strong desire -- both from Maduro’s and Guaido’s advisers -- to prevent Houston-based Citgo from falling under creditor control. But the executive order gave Guaido’s team what it had been privately requesting for months: a mechanism to shield Citgo from lenders and focus on funding humanitarian aid."
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