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☆ Biden's $1 billion weapons package to Israel is coming back to haunt him
  + stars: | 2024-05-29 | by ( Mikhaila Friel | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAhead of Israel's assault on Rafah, President Joe Biden issued several stark warnings to Israeli Prime Minister Benjamin Netanyahu. A $1 billion arms dealThe statement suggests Biden will continue to move forward with a $1 billion weapons package to Israel. As BI previously reported, the weapons deal could be seen as an attempt to heal Biden's relationship with Netanyahu and to halt accusations that the US is emboldening Iran. For instance, Biden previously withheld a shipment of bombs before announcing that the planned weapons deal would go ahead.
Persons: —, Joe Biden, Benjamin Netanyahu, Biden, Netanyahu, BRENDAN SMIALOWSKI, Matt Miller, Sen, Chris Van Hollen, Andrew Payne, Payne, Dave Harden Organizations: Service, CNN, Business, MSNBC, Gaza Health Ministry, IDF, Associated Press, State Department, Wall Street Journal, Getty, Washington Post, City University of London, Trump ., US Agency for International Development, West Bank, BBC Locations: Rafah, Israel, Gaza, Tal al, Anadolu, Iran
☆ Biden's move to send $1 billion in weapons to Israel could backfire
  + stars: | 2024-05-15 | by ( Mikhaila Friel | Tom Porter | ) www.businessinsider.com   time to read: +5 min
Read previewThe US plans to send more than $1 billion in arms and ammunition to Israel despite growing tensions between President Joe Biden and Israel's Prime Minister Benjamin Netanyahu. Getting the weapons to Israel could be a lengthy process. AdvertisementBiden later warned he would withhold additional weaponry if Israel went ahead with a widespread ground assault on the city. Seth Binder, an expert on US weapons sales with the Middle East Democracy Center, told the Journal that Biden's apparent U-turn weakens his influence over Netanyahu. Analysts say that Biden's handling of the Gaza war is among the issues corroding his support among them.
Persons: —, Joe Biden, Benjamin Netanyahu, Biden, Israel, Nathan Howard, Netanyahu —, Seth Binder, Netanyahu, Sen, Chris Van Hollen, BRENDAN SMIALOWSKI, he's, Dave Harden Organizations: Service, Israel's, Officials, Street Journal, Business, CNN, White, Getty, Middle East Democracy Center, Washington Post, Pentagon, Israel, Gaza, US Agency for International Development, West Bank, BBC Locations: Israel, Gaza, Rafah, Washington , DC, Iran, Lebanon, Damascus, Syria
☆ Israel's attack on Rafah shows the troubling limits of Biden's influence
  + stars: | 2024-05-07 | by ( Tom Porter | ) www.businessinsider.com   time to read: +6 min
Read previewEarly on Tuesday, Israeli tanks seized control of the vital Rafah border crossing between Gaza and Egypt. But throughout its eight-month war, Israel has shown that it is willing to reject and ignore the advice of its most important international ally, the US. Israel on Monday warned civilians in eastern Rafah to evacuate, indicating that an attack may be imminent. His coalition is fragile, and he relies on the support of far-right lawmakers who are demanding an attack on Rafah. AdvertisementThe Gaza war has repeatedly threatened to spill into a wider regional conflict, and scenes of new civilian suffering in Rafah could intensify that threat.
Persons: —, Joe Biden, Benjamin Netanyahu, Matt Duss, Biden, John Kirby, Netanyahu, Israel Biden, Israel, JIM WATSON, He's, Aaron David Miller, Dave Harden Organizations: Service, Hamas, Israeli, Business, Washington, Center for International, House, Monday, Biden, Getty, US, Carnegie Endowment, International Peace, Wall Street, New York Times, US Agency for International Development, West Bank, BBC Locations: Gaza, Egypt, Israel, Rafah, Ukraine, Israel —, Qatar, New York City, Palestinian, Saudi Arabia
☆ The US is dropping aid into Gaza. Here’s why that will do little to ease a humanitarian crisis
  + stars: | 2024-03-09 | by ( Niamh Kennedy | ) edition.cnn.com   time to read: +7 min
CNN —The US has joined several other countries in airdropping aid into Gaza, which is grappling with a humanitarian crisis. But despite this advantage, aid agencies say their drawbacks overwhelmingly outweigh their benefits. “Humanitarian workers always complain that airdrops are good photo opportunities but a lousy way to deliver aid,” Richard Gowan, the International Crisis Group’s UN Director said. Aid agencies have consistently said not enough aid is reaching Gaza. “When countries use airdrops and these maritime piers is usually if not always in situations when you want to deliver humanitarian aid into enemy territory.
Persons: We’ve, ” Richard Gowan, Michael Fakrhi, “, ” Fakrhi, John Kirby, ”, ” Kirby, Mahmoud Shalabi, Shalabi, Abdel Qader Al Sabbah, Kerem Shalom, Michael Fakhri, Israel, Dave Harden, ” Avril Benoît, CNN’s Louis Mian, Sana Noor Haq, Nadeen Ebrahim, Lauren Kent Organizations: CNN, UN, Food Programme, Islamic, “, Crisis, White, Medical Aid, Palestinian, Food, US Aid, Biden, MSF Locations: Gaza, warzones, Afghanistan, Islamic State, Iraq, Beit Lahia, Palestinian, Israel, Kerem, Rafah
☆ A small-cap fund manager who's beaten 90% of his peers over the last year shares 5 stocks he's betting on now — and how he weeds out downside risk in a volatile area of the market
  + stars: | 2023-04-25 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
Investors look to small-cap stocks for big upside potential. 5 stocks Harden is betting on nowHarden shared five holdings that he's put through this process and are among those he's most bullish on right now. Next, Harden listed two regional banks: Metropolitan Bank (MCB) and Merchants Bancorp (MBIN). The iShares US Regional Banks ETF (IAT) is down 26% year-to-date. "I don't think there's any money in having a calendar," he said.
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