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first_imgFormidable challenges stand in the way of controlling and eventually eliminating nuclear, biological, and chemical weapons in the Middle East. A new discussion paper issued by the Project on Managing the Atom at Harvard Kennedy School’s Belfer Center for Science and International Affairs outlines both the challenges and a set of near-term measures designed to fast forward the development of political solutions to the weapons dilemma.“A WMD Free Zone in the Middle East: Creating the Conditions for Sustained Progress” is co-authored by Martin Malin and Paolo Foradori.“The political, security, and economic benefits of establishing a WMD-free zone in the Middle East are potentially great and would be broadly shared. Many of the region’s most vexing problems—from the Iranian nuclear standoff, to threat of Syrian chemical weapons, to the proliferation of ballistic missiles, to the sense of fear and injustice surrounding Israel’s nuclear program, to concern over the spread of nuclear energy—would be eased or erased with the entry into force of a region-wide treaty banning all weapons of mass destruction and their delivery vehicles,” the authors write. Yet they admit that, “the obstacles to establishing a WMD-free zone in the Middle East are numerous and long-standing. They will not soon be overcome.”last_img read more

first_imgCUNA’s Monthly Credit Union Estimates for May 2019 shows a continuation of slowing loan and membership growth: credit union memberships increased just 0.31%, the slowest May increase since 2014. Moreover, loan portfolios were up just 0.57%, the weakest May loan growth since 2011 (shortly after the 2009 recession).“The slowdown in credit union loan growth was led by outstanding new automobile loans, which fell 0.02% in May, representing its fifth straight month of negative growth—the first time that has occurred since 2011,” said Jordan van Rijn, CUNA senior economist. “Despite the slowdown in credit union loan growth, credit cards, fixed-rate mortgages, commercial loans and second mortgages each grew by more than 1.0% in May.”Savings were up a strong 1.30% in May, despite savings growth typically slowing in late spring and summer.“In fact, this was the fastest increase in savings during the month of May since 2008, during the height of the financial crisis,” van Rijn noted. “The slowdown in loan growth and uptick in savings may be indications that consumers are concerned about future prospects for economic growth and earnings, particularly in light of increased trade tensions.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more