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China says Washington canceled military talks, not Beijing

Press TV – October 4, 2018

China has rejected an allegation by the United States that Beijing has canceled security talks with Washington planned for this month, saying that US officials have “distorted the facts.”

An unnamed US official had told Reuters on Sunday that China had canceled the security meeting between American Secretary of Defense James Mattis and his Chinese counterpart, alleging that China had been unable to make its defense secretary available for the scheduled talks.

On Wednesday, Beijing effectively said that that assertion was a lie.

“Such an argument completely distorts the fact with ulterior motives and is extremely irresponsible,” said China’s Foreign Ministry spokeswoman Hua Chunying in a statement. “The Chinese side expresses strong dissatisfaction.”

Hua said Washington had recently told Beijing that it hoped to postpone the talks.

“The facts are that the United States a few days ago told China it hoped to postpone the second round of the China Diplomatic and Security Dialogue,” she said, adding, “We request [that] related parties stop this sort of behavior of making something out of nothing and spreading rumors.”

Earlier, on Tuesday, Hua said China and the US had previously agreed in principle to hold the dialogue in mid-October.

The security meeting’s first round was held in Washington last year, and its second round was scheduled to take place in Beijing.

Military tensions have surged between China and the US in recent weeks.

Washington often angers Beijing by sending warplanes and warships to territory claimed by China but disputed by other regional countries. The US says that with those deployments, it is practicing what it calls its right to freedom of navigation.

On Tuesday, China condemned that practice.

Additionally, the US has used its domestic laws to impose sanctions on China over Beijing’s decision to purchase military equipment from Russia, including advanced S-400 missile defense systems.

By applying its domestic laws to influence relations between China and Russia, the US is effectively in breach of their sovereignty.

The US has also initiated a trade war with China and has accused it of seeking to influence the US congressional mid-term elections, something that Beijing has strongly denied.

October 4, 2018 Posted by | Deception, Fake News, Mainstream Media, Warmongering, Militarism | , | 2 Comments

Spanish Supreme Court Sentences Former IMF Chief for Financial Fraud

teleSUR | October 3, 2018

Spain’s Supreme Court sentenced the former International Monetary Fund (IMF) chief Rodrigo Rato to four-and-a-half years imprisonment Wednesday on charges of misusing funds.

In February 2017, Rato was found guilty by Spain’s Supreme Court of paying for personal expenses with company credit cards when he was the chief of Caja Madrid and the state-owned lender Bankia during a time when both the banks faced financial difficulties.

Rato was an economy minister in Spain between 1996 and 2004 and a prominent politician in the ruling People’s Party before becoming the IMF chief. He was free on bail since 2017 pending an appeal, but was found guilty alongside 64 former executives and board members for embezzling a total of US$13.8 million between 2003 and 2012.

Spanish political party Podemos welcomed the court decision, saying Spaniards had long demanded justice, tweeting, “the citizens demanded justice for those who robbed public money, ripped off thousands of families, and burdened us with debt for life.”

The embezzlment — famously known as the “black-cards” scandal — broke in 2014 resulting in public outrage. It was discovered that the cards were used to buy jewelry and clothes, and pay for vacations, according to documents filed with Spain’s high court.

Thousands of small-scale investors lost their money after they were persuaded to convert their savings to shares ahead of the flotation of Bankia in 2011, with Rato at the reins. Less than a year later, he resigned when it became public knowledge that Bankia was in dire straits.

October 4, 2018 Posted by | Corruption, Deception | | 1 Comment