Friday, August 8, 2014

U.S. warplanes and drone carry out 2nd round of attacks in Iraq

from latimes







e U.S. military carried out a second round of air attacks on militants in northern Iraq on Friday, using an armed drone and four warplanes to bomb artillery positions and a vehicle convoy near the beleaguered city of Irbil, the Pentagon said.
A missile launched by a U.S. drone struck a mortar position outside the city in late afternoon local time, Rear Adm. John Kirby, the Pentagon spokesman, said in a statement.
When fighters with the militant Islamic State group returned to the site moments later, “the terrorists were attacked again and successfully eliminated,” Kirby said.
A little over an hour later, four F/A-18 fighter jets bombed a convoy of seven vehicles and a mortar position, he said.
“The aircraft executed two planned passes. On both runs, each aircraft dropped one laser-guided bomb, making a total of eight bombs dropped on target, neutralizing the mortar and convoy,” Kirby said.
The attacks followed a U.S. airstrike earlier in the day in which two F/A-18 fighters dropped 500-pound laser-guided bombs on a "mobile artillery piece" being used by the militants.
The Pentagon provided no details on how many militants were killed or wounded in the attacks.
It was the first major U.S. military action in the country since combat troops left three years ago.
Militants of the Islamic State have been advancing toward Irbil, the Kurdish regional capital where thousands of Iraqis have sought sanctuary from the breakaway Al Qaeda group.
The attacks occurred only hours after President Obama announced he had authorized airstrikes to protect about 100 U.S. military advisors in Irbil and to halt the advance of the Islamist militants.
At the White House, spokesman Josh Earnest would not provide a time frame for the bombing campaign, but he offered a “specific presidential commitment” that it would not be an extended period.
“The president is determined to make sure that the United States is not dragged back into a long military conflict in Iraq,” Earnest told reporters.
In addition to protecting U.S. personnel and assisting Iraqi religious refugees stranded on a mountaintop in northern Iraq, Earnest added a third justification for Obama’s decision to authorize limited airstrikes. The White House has been encouraged by Baghdad’s steps toward a more inclusive government, Earnest said, and believes that the U.S. attack on the Sunni insurgents supports that progress.
“It is, after all, in the clear national security interests of the United States for there to be a stable Iraqi government that can preside over a stable Iraq and a security force that has the necessary capability to address the security situation in that country,” Earnest said.
Kirby said the Islamic State "was using this artillery to shell Kurdish forces defending Irbil, where U.S. personnel are located."
"As the president made clear, the United States military will continue to take direct action against ISIL when they threaten our personnel and facilities," Kirby said, referring to the militant group by an acronym for another of its names, the Islamic State in Iraq and the Levant.
He did not say if the artillery had been destroyed and said it wasn’t clear if militants had been killed in the strike.
The Islamic State is a radical Sunni armed force that has seized control of large swaths of Syria and northern and western Iraq. Its forces took control of Mosul, Iraq's second-largest city, earlier this summer and have advanced in recent days toward the autonomous region controlled by the Kurds in the mountainous area northwest of Mosul. 
Obama announced late Thursday that he had authorized airstrikes to defend U.S. personnel in Irbil. He also authorized strikes and humanitarian aid drops to assist thousands of displaced Iraqis in the area of Mt. Sinjar, in northern Iraq.
The refugees, mostly members of the Yazidi religious minority, have fled the advancing Islamic State fighters. Many face the risk of imminent starvation on the barren mountain slopes, Obama said.
Speaking in New Delhi, before the bombing had begun, Defense Secretary Chuck Hagel said intelligence and ground reports indicated that 60 of the 72 crates of food and water that U.S. military planes airdropped onto Mt. Sinjar early Friday morning had reached Iraqi refugees trapped there.
Hagel said so far, the Iraqis have not requested additional humanitarian aid.
“If they feel we can do more, and they want us to do more, then we’ll consider all those requests,” he said.
Hagel added that the Islamic State fighters “are well organized, and they’re armed, and they are a significant threat to the stability of Iraq.” But he expressed confidence that U.S. air power would deter them from attacking Americans at the U.S. Consulate in Irbil or at the U.S. Embassy in the Green Zone in Baghdad.
“It’s pretty clear who they are,” he said. “And they would be pretty identifiable where our airstrikes could be effective.”
In Irbil, Christian and Yazidi refugees were crowded into churches and camped out at construction sites on Friday.
"We need help," said Acaan Mansour, a 33-year-old mother from the town of Qaraqosh, a major Christian center outside Mosul. "We no longer have homes. ... People are sleeping in the open. We have lost everything."
Mansour was sheltering at St. Joseph's Church in Irbil, which has been turned into a refugee camp. In the church yard, people were sleeping on mats and blankets spread out under the trees.
Times staff writers Hennessey and Cloud reported from Washington and McDonnell reported from Irbil.
For more news on the conflict in Iraq, follow @mcdneville, @khennesseyand @DavidCloudLAT on Twitter










Thursday, August 7, 2014

U.S. Plans Aid Airdrops in Iraq

from online.wsj.com


By 


Updated Aug. 7, 2014 3:13 p.m. ET


Displaced people from the minority Yazidi sect take refuge after fleeing the violence in the Iraqi town of Sinjar. Reuters


The U.S. military will drop emergency aid into Iraq on Thursday night to aid members of the Yazidi religious minority besieged on a northern mountainside by Sunni extremists, according to U.S. officials who said Washington is also considering airstrikes.
The Sunni militant group Islamic State is also imperiling other parts of northern Iraq in a rapid new advance that is also threatening the long-stable city of Erbil, the seat of the Kurdish regional government.
Tens of thousands of Iraqi Christians fled an advance by the insurgents into the country's Christian heartland in the north. It appears to be a strategic push by Islamic State toward the semiautonomous Kurdish region, so far insulated from the militant takeover of parts of Iraq and a haven for displaced from all over the country.
The march on the Christian area and the crisis involving the Yazidis are both in the same northern province, Nineveh. Islamic State has also taken over the Mosul Dam, the country's largest, according to a local resident.
On Sunday, the militants took over Sinjar, a Kurdish-controlled town with a large population of Yazidis, a Kurdish-speaking group that follow a pre-Islamic religion.
U.N. groups have estimated as many as 40,000 Yazidis have fled to the mountains without food or water and are trapped there, with all access roads out controlled by Islamic State. The United Nations Children's Fund cited reports that say as many as 40 refugee children have died.
The advancing militants killed some of the Yazidis who remained in the area know as the Sinjar plains, according to locals who fled and U.S. officials.
"They are unable to access food and water," said White House press secretary Josh Earnest. "They don't have any access to shelter. They have fled persecution, and efforts to leave the mountain are blocked by ISIL (Islamic State) forces who are threatening to kill them. This is a terrible humanitarian situation."
The U.N. Security Council scheduled an urgent meeting on Thursday about the crisis in Iraq.
The stranded Yazidis are the last surviving community in their ancestral homeland of the Yazidis, long misunderstood by the outside world as "devil-worshippers." The assault on the community is part of a pattern by extremists of stamping out non-Islamic religious observation.
An Iraqi retrieves items from a destroyed shop the morning after a string of car bombs tore through busy shopping streets in several neighborhoods in Baghdad, Iraq. Associated Press
Iraqi officials and aid workers say at least one airdrop over the Sinjar mountains coordinated by Baghdad and the Kurdistan Regional Government provided drinkable water. But officials said the attempt reached only a small number of the tens of thousands of displaced.
The U.S. plans were being discussed Thursday at high-level meetings at the White House that also involved the U.S. military leadership, the officials said.
There are dozens of U.S. troops now in Erbil, part of the force of planners and advisers working in joint U.S.-Iraqi centers.
The airdrops represent a major escalation of U.S. involvement in Iraq, which has been under siege this year by Islamic State, known in the West as ISIS or ISIL, which has been seizing town after town and terrorizing Shiite and Christian populations.
Washington has held off on any direct military involvement or assistance to Iraq as the Obama administration pressures Iraqi lawmakers to form a new, more inclusive government.
U.S. intelligence reports on the fate of the Yazidis closely mirror dire media reports, officials said. Vian Dakhil, the only Yazidi in the Iraqi parliament, said this week 70 children had died and Islamic State had killed more than 500 men. She accused Islamic State of genocide against the Yazidi populations.
"There is a collective attempt to exterminate the Yazidi people," she said.
U.S. officials said they have received a formal request for assistance—but didn't say if it was from the Kurdish regional authorities or the central government in Iraq. As part of the effort to send military advisers to Iraq, the U.S. has set up coordination centers in both Baghdad and Erbil, the Kurdish regional capital.
The Islamic State advance into Iraq's Christian heartland in the north sent families packing into cars or fleeing on foot as the militants pushed their offensive closer to the Kurdish region.
The insurgents took over a string of towns over the past two days—two of them after the Kurdish regional forces guarding them, the Peshmerga, withdrew, local officials and residents said.
A local resident said they captured the dam at Mosul, Iraq's largest and a key source of electricity. If the Islamic State seizes Mosul dam, it would give them leverage over Baghdad—if the facility is damaged or destroyed, it could flood entire cities, even Baghdad, some 300 miles away. The dam provides electricity to and controls the water supply in Mosul and the surrounding area.
The Islamic State entered Tal Keif, some 10 miles north of Mosul in Nineveh province, late Wednesday, the town's mayor said. They took over Qara Qosh, east of Mosul on Thursday morning, a security official said. Some 50,000 Christians have fled Qara Qosh.
Two other towns in the area, Bartella and Karmalees, also fell under Islamic State control overnight, said Joseph Thomas, the Chaldean archbishop of Kirkuk and Sulaymaniya. He and local officials said the latest advance has nearly purged northwestern Iraq of its Christian population.
"Those towns are now devoid of their original inhabitants. The displaced people are roaming the roads and riding whatever vehicle they can to get out," the archbishop said.
Tal Keif Mayor Bassem Bello said people also fled his town by foot, as cars jammed the road to make the hourlong drive to the province of Dohuk—part of the country's Kurdish region—overnight.
"The Nineveh plain yesterday was emptied of its people," Mr. Bello said by telephone. "There is not a Christian town left standing." Mr. Bello said the majority of Tel Keif's 30,000 residents fled; if anyone was left behind, he warned they were in great danger from the Sunni extremists on a campaign to seize territory and drive out Iraq's religious and ethnic minorities.
Iraqi Christians are thought to make up little more than 5% of the population of some 23 million people. Once one of the more vibrant Christian populations in the Middle East, 10 years of war and the rise of Islamic extremism already induced much of the country's Christian minority to emigrate.
Those remaining have fled the latest Islamist threat in the hundreds of thousands, seeking safety in other northern villages or the eastern Kurdish regions. Some families have been on the run more than once.
After the Islamic State seized Sinjar on Sunday, thousands of its residents took safety in a town called Sharia in Dohuk province, said a humanitarian aid worker there. On Thursday, Peshmerga fighters remained in control of Sharia. But some residents were so frightened of the Islamic State attacks on nearby towns that they also fled farther north.
The Iraqi media reported that fighters from the group had taken two Kurdish towns even closer to Erbil, Makhmour and Gwar, but those reports couldn't be immediately confirmed.
The Islamic State—a spinoff of al Qaeda that was previously known as the Islamic State of Iraq and al-Sham, or ISIS—pressed forward an offensive in northern Iraq after seizing the city of Mosul on June 10. The group, emboldened in Iraq after seizing parts of northern and eastern Syria, aims to carve out an Islamic state across borders of neighboring Middle Eastern nations.
For residents of the city of Erbil, the flood of people into the Kurdish region and fears of the insurgents' advance over the past few days has stirred widespread panic.
People stocked up on essentials at supermarkets and tried to book flights out of the area, but many were already overbooked, residents said. Security tightened as many more road checkpoints were put up. One resident said an appeal for Kurds to volunteer with the Peshmerga boomed out through a mosque speaker on Wednesday.
The Peshmerga's withdrawal from Tal Keif and Qara Qosh mystified local officials.
"There was no attack on Tal Keif at first, there was a Peshmerga withdrawal," said Mr. Bello, the town's mayor. "It was very surprising to us." A Peshmerga spokesman didn't immediately return calls for comment.
Boutros Sargon, a resident who said he fled Tal Keif after the Islamic State moved in, said the town "fell into their hands without resistance." He said he heard sounds of gunfire coming from the direction of the town's entrance around midnight, and stepped out to find insurgents riding armored vehicles yelling "Allahu akbar," or "God is Great."
The Peshmerga have a fearsome reputation and are well-trained, but not well equipped.
"People are fleeing because there's no trust that the Peshmerga can protect them," said Yonadam Kanna, a parliamentarian and the leader of the Assyrian Democratic Movement, one of the strongest Christian parties in Iraq. "This is not an equivalent fight between the Peshmerga and the Islamic State.
"The Islamic State has much bigger and more powerful weapons than the Peshmerga do. These people want to die and have lunch with the Prophet Muhammad. The Peshmerga want to live and go home to have dinner with their wives. They won't play as dirty as the Islamic State does in war."
Write to Nour Malas at nour.malas@wsj.com









Wednesday, August 6, 2014

Bank of America’s Potential $12 Billion Settlement The Short Answer

from wsj

2:32 PM EST JUN 6, 2014 
By Devlin Barrett
SHARE 



Bank of America Corp. is in talks to pay at least $12 billion to settle civil probes by the Justice Department and a number of states into mortgage-backed securities sold to investors before the financial crisis. Here’s what’s behind the case.

What do authorities allege banks did wrong?

Investigators haven’t made any findings public yet, but the concern has been a number of major banks may have packaged mortgages into securities that didn’t meet their own quality standards – too many lousy loans in the bunch. When the housing market collapsed, those securities lost a great deal of value, fueling the financial crisis of 2008.

How does Bank of America fit in?

The government struck a similar deal with J.P. Morgan last year for $13 billion. Analysts reckon that Bank of America and units like Countrywide, which the bank bought in 2008, issued a lot more mortgage securities than J.P. Morgan did. So any Bank of America settlement, including $6 billion the bank has already agreed to pay in a separate deal, will likely be bigger. Negotiations with other major banks, including Citigroup, are expected later this year.

What is $5 billion of “consumer relief” that’s likely to be in the deal?

Justice Department officials want some of the payment to help homeowners, particularly those who owe more than their homes are worth, or those at risk of losing their homes because they can no longer afford the payments. So Bank of America may pay billions of dollars to lower customers’ principal amounts, or lower their monthly payments, or tear down abandoned eyesores in struggling neighborhoods.

Why isn’t the whole settlement consumer relief?

Because it’s cheaper for the bank to give discounts and deals to customers than write a big check to the government. Under the terms of the J.P. Morgan deal, the bank will get up to $1.43 of credit toward its settlement for every $1 of consumer relief it provides in the hardest-hit areas. So it’s a cheaper option for the bank, and the government doesn’t want the settlement to be too cheap.

How big a hit is this for Bank of America?

A $12 billion fine would exceed the bank’s 2013 profit of $11.43 billion. But shareholders have been bracing for a big settlement since the bank in April set aside a lot of money for legal expenses. CEO Brian Moynihan noted last week that the impending Justice Department settlement was a remaining wild card. “Of the big stuff,” he said, “that’s really the one that’s left out there.”