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US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe

US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe
Palestinians collect their belongings and inspect the destruction caused by Israeli airstrikes in eastern Deir al-Balah in central Gaza Strip on August 29, 2024. (NurPhoto via Getty Images)
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Updated 21 September 2024

US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe

US hedge fund executive sent on leave of absence for post celebrating Gaza catastrophe
  • Hedge fund Neuberger Berman said manager Steven Eisman did not speak on its behalf and called his actions “objectionable”
  • Eisman profited from the 2007 crisis in the US subprime mortgage market, which turned into a global financial crisis, by shorting the stocks of American banks

WASHINGTON: Hedge fund manager Steven Eisman, known for a big winning bet against the US housing market dramatized in the movie “The Big Short,” was put on leave by his firm on Friday after he said on social media he was celebrating devastation in the Gaza Strip.
His firm, Neuberger Berman, said Eisman did not speak on its behalf and called his actions “objectionable.” More than 41,000 Palestinians have been killed in Israel’s nearly year-old war in the enclave, the Gaza health ministry has said.
An X user posted that the world was silent about war-ravaged Gaza. Eisman responded: “You must be kidding. We are not silent. We are celebrating.” His account has since been deleted.
Eisman could not immediately be contacted. In comments cited by media reports, he apologized for his remarks and said he had intended to refer to Israel’s attacks on the Hezbollah militant group in Lebanon.
A Neuberger Berman spokesperson distanced the firm from Eisman’s comments.
“Even though Mr. Eisman has acknowledged that he mistook the content of the post he responded to, his actions on social media were irresponsible and objectionable,” the company spokesperson added. Eisman joined the firm in 2014.
Eisman profited from the 2007 crisis in the US subprime mortgage market, which turned into a global financial crisis, by shorting the stocks of American banks. The episode was the basis for the 2015 film “The Big Short.”
Human rights advocates have warned about rising dehumanization of Arabs, Muslims and Jews amid Israel’s war in Gaza which has displaced nearly Gaza’s entire 2.3 million population, caused a hunger crisis and led to genocide allegations at the World Court that Israel denies.
Israel’s actions followed an attack by Palestinian Islamist group Hamas, which governs Gaza, on Oct. 7 in which 1,200 were killed and about 250 were taken as hostages, according to Israeli tallies. It sparked the latest bloodshed in the decades-old Israeli-Palestinian conflict. 


Putin vows not to back down in Ukraine

Putin vows not to back down in Ukraine
Updated 03 September 2025

Putin vows not to back down in Ukraine

Putin vows not to back down in Ukraine
  • Putin’s troops have kept up their strikes across the country, firing more than 500 drones and missiles at Ukraine overnight and killing nine in attacks on a frontline town
  • The Russian leader hailed his forces’ progress, saying they were advancing on “all fronts“

PARIS: Russian President Vladimir Putin said Wednesday he would carry on fighting in Ukraine if a peace deal cannot be reached, as Ukrainian leader Volodymyr Zelensky arrived for a meeting with allies in Paris.
French President Emmanuel Macron, who will co-host the meeting of European leaders on Thursday, said that Europe was ready to offer Ukraine security guarantees as soon as a peace deal was agreed.
Progress toward settling the three-and-a-half-year war appears to have stalled despite a flurry of diplomatic efforts by US President Donald Trump, who met both his Russian and Ukrainian counterparts last month.
Putin’s troops have kept up their strikes across the country, firing more than 500 drones and missiles at Ukraine overnight and killing nine in attacks on a frontline town.
The Russian leader hailed his forces’ progress, saying they were advancing on “all fronts” and had hobbled Ukraine’s army so much it could no longer mount an offensive.
“Let’s see how the situation develops,” Putin told reporters in Beijing, where he had earlier attended a grand military parade alongside China’s Xi Jinping and North Korea’s Kim Jong Un.
If there was no peace deal, he said, “then we will have to resolve all our tasks militarily.”
Zelensky will meet European leaders on Thursday who have been trying to frame security guarantees and agree a peacekeeping force to protect Ukraine in the event a peace deal.
The Ukrainian president said as he arrived in Paris he had not yet seen any signs from Russia that they wanted to end the war.
Nevertheless, Macron said preparations had been completed for security guarantees during a meeting of defense ministers but added that the details were “extremely confidential.”
Trump said he would be speaking to Zelensky on Thursday.
“I’m having a conversation with him very shortly and I’ll know pretty much what we’re going to be doing,” Trump told an AFP reporter in the Oval Office on Wednesday.
- ‘Aggressive goals’ -

Russian Foreign Minister Sergei Lavrov said earlier Wednesday he was still seeking international recognition that the parts of Ukraine annexed and occupied by its forces belong to Moscow.
Russia claims to have annexed five Ukrainian regions — Donetsk, Lugansk, Kherson and Zaporizhzhia, as well as the Crimean peninsula, which it seized in 2014.
“In order for a durable peace, the new territorial realities that arose... must be recognized and formalized in accordance with international law,” Lavrov said in remarks published by Moscow on Wednesday.
Who gets control of land captured by Russia in its offensive is a key sticking point in stalled peace talks.
Ukrainian Foreign Minister Andriy Sybiga blasted Russia for tabling “old ultimatums.”
“Russia has not changed its aggressive goals and shows no signs of readiness for meaningful negotiations,” he said, adding: “It’s time to hit the Russian war machine with severe new sanctions and sober Moscow up.”
Ukraine’s industrial east has been decimated by more than a decade of fighting that erupted when armed Russian-backed separatists began a push to break away from Kyiv following the country’s pro-European revolution in 2014.

Frontline attacks

Ukraine has been calling for Putin to meet Zelensky for face-to-face talks for months, saying it is the only way to break the deadlock.
But Putin again ruled out an immediate meeting and said he had invited Zelensky to come to Moscow if he wanted to speak.
“Donald (Trump) asked me for such a meeting, I said: ‘Yes, it’s possible, let Zelensky come to Moscow’,” Putin said.
Kyiv has dismissed the invitation as cynical.
“Putin continues to mess around with everyone by making knowingly unacceptable proposals,” Sybiga said, adding that at least seven countries had made genuine offers to host such a meeting.
Russia has kept up its deadly attacks on Kyiv despite Trump’s pressure to end the three-and-a-half-year war, strikes killing nine civilians in the frontline town of Kostiantynivka on Wednesday.


UK cosmetics chain closes for a day in Gaza protest

UK cosmetics chain closes for a day in Gaza protest
Updated 03 September 2025

UK cosmetics chain closes for a day in Gaza protest

UK cosmetics chain closes for a day in Gaza protest
  • The international retailer said it displayed signs reading “stop starving Gaza — we are closed in solidarity” across shuttered shop windows

LONDON: British cosmetics chain Lush on Wednesday shut down its UK shops, factories and online sales for the day to protest the devastating humanitarian effects of Israel’s war in Gaza.
The international retailer said it displayed signs reading “stop starving Gaza — we are closed in solidarity” across shuttered shop windows.
“Whilst Lush is losing a day of takings, this also means that the UK government is losing a day of tax contributions from Lush and our customers,” the company, which sells its products in over 50 countries, said on its website.
Lush said it “shares the anguish that millions of people feel seeing the images of starving people in Gaza” and called for the UK government to end arms sales to Israel.
London has in recent months suspended some export licenses to Israel for arms used in Gaza, but some UK-made parts, such as components for Israeli F-35 jets, are still exported there.
Lush, which has over 100 shops in Britain, faced a backlash in 2023 after a Dublin store displayed a sign urging “boycott Israel,” which the company called an “isolated” incident.
It has since launched a “Watermelon Slice” soap resembling the fruit which has come to represent solidarity with Palestinians, with the profits going to mental health services for children in Gaza and Israeli-occupied West Bank.


Maduro says there’s no place for colonialism, supremacism

Maduro says there’s no place for colonialism, supremacism
Updated 03 September 2025

Maduro says there’s no place for colonialism, supremacism

Maduro says there’s no place for colonialism, supremacism
  • Venezuela will never yield to blackmail or threats of any kind in our historical path, says president

CARACAS: A new global awareness is being consolidated, one that categorically rejects any form of colonialism, supremacism, and hegemonic power dynamics, both in Latin America and worldwide,  Venezuela’s President Nicolas Maduro told a press conference.

Addressing a press conference, he said his struggle is not that of a single man, but that of a people with a sacred history of revolution, projected through an inclusive humanist socialism.

He said more than 90 percent of Venezuelans reject and repudiate the threats from Washington, and expressed gratitude for the conscious solidarity of social movements and world public opinion — even in the US — where many reject the idea of war against the peoples of the Caribbean and Latin America.

“We have always maintained channels of conversation and diplomatic dialogue with the US, Maduro said, adding: “That is a golden rule.”

However, he lamented that these channels have deteriorated, as attempts have been made to impose gunboat diplomacy.

He said what has been orchestrated against Venezuela can only be described as a farce.

“It is a farce against an entire country. Having failed and been defeated in every form of so-called hybrid warfare, they have simply opted for the worst mistake,” he added.

Maduro said Venezuela has responded by calling for national unity and preparing to safeguard sovereignty, peace, and territorial integrity every day, every month.

“The Caribbean wants peace and opposes any foreign intervention that could unleash armed conflict. The Caribbean broadly supports Venezuela in its struggle for sovereignty and peace.”

Maduro denounced a grave foreign military threat, describing it as the greatest of the past century in the region, and declared that Venezuela responds with the “maximum preparation” for its defense, backed by its people and its armed forces.

He noted: “We have a work plan: the Homeland Plan, with seven strategic lines of action. This was a program debated and consulted by more than 4 million Venezuelan men and women in community and workers’ assemblies.”

Maduro said: “I thank all the citizens of Venezuela for their composure, firmness, patriotic awareness, spirit, and fervor shown in these days of escalating and continuous threats. 

“Venezuela is a pacifist, peaceful country, but we are a people of warriors, and Venezuela will never yield to blackmail or threats of any kind in our historical path.”

He reiterated his commitment to the defense of the country and stressed that the country has overcome economic sanctions and the diplomatic blockade.


Landmark streetcar in Lisbon derails, killing 15 people

Landmark streetcar in Lisbon derails, killing 15 people
Updated 03 September 2025

Landmark streetcar in Lisbon derails, killing 15 people

Landmark streetcar in Lisbon derails, killing 15 people
  • Five of the injured are in serious condition, and a child is among the injured
  • Authorities called it an accident, the worst in the city’s recent history

LISBON: An electric streetcar that is one of Lisbon’s landmarks and a big draw for tourists derailed Wednesday, killing 15 people and injuring 18 others, emergency services said.
Five of the injured are in serious condition, and a child is among the injured, the National Institute for Medical Emergencies said in a statement. An unknown number of the injured are foreigners, it said.
Authorities called it an accident, the worst in the city’s recent history.
The yellow-and-white streetcar, which goes up and down a steep downtown hill in tandem with one going the opposite way, was lying on its side on the narrow road that it travels along, Portuguese television channels showed.
Its sides and top were partially crumpled, and it appeared to have crashed into a building where the road bends. Several dozen emergency workers were at the scene but most stood down after about two hours.
Eyewitnesses told local media that the streetcar careened down the hill, apparently out of control.
Lisbon Mayor Carlos Moedas told reporters at the scene that the city was in mourning. “This was a tragic accident … It’s a tragedy of the like we’ve never seen.”
President Marcelo Rebelo de Sousa offered his condolence to affected families.
European Commission President Ursula von der Leyen also sent her condolences. “It is with sadness that I learned of the derailment of the famous Elevador da Gloria,” she wrote in Portuguese on X.
The cause of the accident was not immediately known. It reportedly occurred at the start of the evening rush hour, around 6 p.m.
An investigation into the causes will begin once the rescue operation is over, the Portuguese government said in a statement.
The streetcar, known as Gloria, can carry more than 40 people, seated and standing. It is commonly used by Lisbon residents.
The streetcar, technically called a funicular, is known as Elevador da Gloria. Two streetcars run parallel to each other as they shuttle up and down the hill on a curved, traffic-free road for a few hundred meters (yards).
It is classified as a national monument.
Lisbon hosted around 8.5 million tourists last year, and the streetcar is a popular attraction. Long lines of tourists typically form for the brief ride on it.


Trinidad and Tobago leader praises strike and says US should kill all drug traffickers ‘violently’

Trinidad and Tobago leader praises strike and says US should kill all drug traffickers ‘violently’
Updated 03 September 2025

Trinidad and Tobago leader praises strike and says US should kill all drug traffickers ‘violently’

Trinidad and Tobago leader praises strike and says US should kill all drug traffickers ‘violently’
  • Kamla Persad-Bissessar: ‘The pain and suffering the cartels have inflicted on our nation is immense. I have no sympathy for traffickers; the US military should kill them all violently’
  • Persad-Bissessar: ‘Our country has been ravaged by bloody violence and addiction because of the greed of the cartels. The slaughter of our people is fueled by evil cartel traffickers’

PORT-OF-SPAIN, Trinidad: Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar praised a US strike on a boat suspected of carrying drugs in the southern Caribbean and said that all traffickers should be killed “violently.”
US President Donald Trump said Tuesday that 11 people were killed aboard the boat that had departed Venezuela, which is located near Trinidad and Tobago.
“I, along with most of the country, am happy that the US naval deployment is having success in their mission,” Persad-Bissessar said in a statement late Tuesday. “The pain and suffering the cartels have inflicted on our nation is immense. I have no sympathy for traffickers; the US military should kill them all violently.”
US Secretary of State Marco Rubio has said that the drugs aboard the vessel were likely headed to Trinidad or elsewhere in the Caribbean.
Persad-Bissessar said that restricting illegal guns, drugs and human trafficking would decrease violence in the Caribbean region and the twin-island nation of Trinidad and Tobago, which has imposed two state of emergencies in recent months.
“Our country has been ravaged by bloody violence and addiction because of the greed of the cartels,” Persad-Bissessar said. “The slaughter of our people is fueled by evil cartel traffickers.”
US action under scrutiny
Other Caribbean leaders were more reserved in their remarks.
Barbadian Foreign Minister Kerrie Symmonds told The Associated Press on Wednesday that members of Caricom, a regional trade bloc, sent a letter to US Secretary of State Marco Rubio asking for an open line of communication on developments, saying they want to avoid being surprised by any US moves against Venezuela.
“What we want really...is a structure where we would be able to have shared information affecting US assets in the region, establishing channels of communication and, importantly where possible, some consultation to maintain practical cooperation for continued mutual confidence and avoidance of misunderstandings,” he said.
Symmonds also said that depending on Rubio’s response, both sides could arrange a face-to-face meeting to discuss fears that the region’s long-desired designation as a zone of peace is maintained.
“What effectively we are trying to do is to work through the diplomatic channels of making sure that there are no surprises,” Symmonds said.
Meanwhile, Colombian President Gustavo Petro on Wednesday questioned the US operation, saying that it’s possible to conduct maritime interdiction of drug shipments without attacking a vessel’s occupants. He said that Colombia typically captures them, since those transporting the drugs “are not the big drug traffickers,” but rather, “very poor young people” from the region.
“Bombing the boat violates the universal principle of proportionality of force and results in murder,” the leftist president wrote on X.
Juanita Goebertus, Americas director at Human Rights Watch, said that while organized crime groups are a “huge threat” to human rights in Latin America, regional governments need to strengthen their judicial capacity to dismantle them.
“If the circumstances around this strike are exactly as the administration describes them, it would amount to an extrajudicial execution, prohibited under international law,” she said.
Tren de Aragua tentacles in Trinidad
Trump has said that the vessel targeted in the strike in international waters was operated by the Venezuelan gang Tren de Aragua. The White House didn’t immediately explain how the military determined that those aboard the vessel were Tren de Aragua members.
In July, the government of Trinidad and Tobago designated Tren de Aragua as a terrorist organization, meaning that authorities can freeze any property, funds or assets owned or controlled by the gang.
Authorities have confirmed that the gang is active in the Caribbean nation, with its presence mainly in central and east Trinidad.
A high-ranking police official with deep knowledge of gang operations told the AP that Tren de Aragua’s operations are on a small scale in Trinidad. He said the group still has to contend with bigger local gangs and don’t stay in certain areas when they go to Trinidad to collect money or talk business.
The official, who spoke on condition of anonymity because he feared repercussions, said authorities don’t have an estimate of how many Tren de Aragua gang members operate in the twin-island nation given their constant illegal entry and departure. He said they deal mostly in drug, weapons and human trafficking.
The strike came after the US announced last month that it planned to boost its maritime force in waters off Venezuela to fight threats from Latin American drug cartels.