Saudi Arabia condemns US Senate 'interference'

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Saudi Arabia condemns US Senate ‘interference’

Saudi Arabia has denounced US Senate resolutions to end US military aid for a Riyadh-led war in Yemen and to blame the country’s crown prince for the murder of journalist Jamal Khashoggi.

The Saudi foreign ministry described the move as “interference” based on “untrue allegations”.

Thursday’s US resolutions are largely symbolic and unlikely to become law.

But they sent a warning to President Donald Trump about US lawmakers’ anger towards Saudi policies.

  • Senators rebuke Trump with Yemen vote
  • Jamal Khashoggi: The story so far

What did Saudi Arabia say?

In a statement carried by the official Saudi Press Agency, the Saudi foreign ministry said: “The kingdom condemns the latest position of the US Senate.”

It said that such a position “was built on untrue allegations and affirms a total rejection of any interference in its internal affairs”.

The US has so far not publicly responded to the Saudi statement.

What about the US Senate resolutions?

Thursday’s vote was the first time any chamber of US Congress had agreed to pull US forces from a military conflict under the 1973 War Powers Act.

Some of President Trump’s fellow Republicans defied him to pass the measure with Democrats by 56-41.

The non-binding resolution called upon Mr Trump to remove all American forces engaging in hostilities in Yemen, except for those combating Islamist extremists.

The Senate then unanimously passed a resolution blaming Saudi Crown Prince Mohammed bin Salman for Washington Post reporter Jamal Khashoggi’s murder in October, and insisting that the kingdom hold accountable those responsible.

The US chose to cease refuelling Saudi war planes last month, and Thursday’s resolution – if it were ultimately passed into law – would prohibit that practice from resuming.

Can this legislation become law?

President Trump has vowed to veto the measures, and they are unlikely at present to pass the House of Representatives, which on Wednesday blocked a vote on the matter.

But independent Senator Bernie Sanders, who co-sponsored the measures, said he expected the resolutions to succeed once Democrats formally take over control of the House in January following their mid-term elections victory.

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The Trump administration had argued the bill on Yemen would undercut US support for the Saudi-led coalition against Iranian-backed Houthi rebels.

White House officials have emphasised US economic ties to the kingdom. Mr Trump’s adviser and son-in-law, Jared Kushner, has continued to cultivate ties with the prince, according to the US media.

Published at Mon, 17 Dec 2018 01:05:09 +0000

There are 4 components of finances:  assets, liabilities, income and expenses.  Everything in your financial world falls under these 4 categories.  Each of these categories is further divided into accounts – each of which is just a way of tracking certain activities.  For example, a ‘checking account’ is just an asset stored at the bank and a log of the deposits and withdrawals out of that asset.

Assets are things of value that you own.  Things such as your house, a portfolio of stocks, a mortgage that you collect on, an IRA account are all assets.  The value on your assets may rise or fall, but they are still assets.  The best kind of assets is income-producing assets since these assets produce a regular income for you.

Liabilities are debts.  Usually these are the result of somebody else giving you one of their assets with the expectation that you will give it back to them.  For example, a mortgage that you pay on (your liability) was money that the lender had (their asset) and they gave it to you so that you could buy your house (your asset).  The lender wants their asset back and they want some interest (their income, your expense) along with it

Income is value derived from something that you did (wages) or from one of your assets (rent or interest).  Most income is in the form of money, but it could be in the form of credit.  Credit is really an asset, so this kind of income came as an ‘idea of money’ that you deposited into an asset account.

Expenses are value that you expend.  This value is usually in the form of money and comes from either an income account, an asset account or it adds to a liability account.

Imagine that you are standing in a room with 4 walls – each wall is full of little mailboxes.  Each wall represents one of the 4 components and each mailbox is an account.  When you open the mailbox called ‘wage’ on the Income wall and pull out your gross payFind Article, you need to put some of the money into a mailbox called ‘Taxes’ on the Expense wall and the rest can go into a mailbox called ‘Checking Account’ on the Asset wall.  Each check you write is pulling money out of the ‘Checking Account’ mailbox on the Asset wall and putting the money into some other mailbox on one of the 4 walls.  I originally heard this metaphor from Mike Butler (www.MikeButlerSuccess.com)

Common mailboxes:

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