Biden describes Armenian tragedy as genocide for the second time


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US President Joe Biden used Sunday's Armenian remembrance day to describe past mass atrocities by Ottomans as genocide, repeating his description from a year ago when he ended decades of American equivocation.

Mr Biden, who earlier this month said Russia's atrocities committed during its invasion of Ukraine amounted to genocide, again used the same term to describe the massacres of Armenians during the First World War.

"On April 24, 1915, Ottoman authorities arrested Armenian intellectuals and community leaders in Constantinople. Thus began the Armenian genocide —one of the worst mass atrocities of the 20th century," the president said in a statement.

"Today, we remember the one-and-a half million Armenians who were deported, massacred, or marched to their deaths in a campaign of extermination, and mourn the tragic loss of so many lives."

Mr Biden angered Ankara a year ago when he became the first sitting US president to describe the massacres as genocide.

Turkey had called Biden's use of the word "genocide" for the killings of Armenians during the First World War the "greatest betrayal to peace and justice". The Turkish President Tayyip Erdogan denounced the genocide recognition as "groundless" and "destructive."

Former Republican senator Jeff Flake, before becoming the next US ambassador to Turkey, officially recognised the mass atrocities perpetrated against Armenians by the Ottoman Empire as genocide, reversing his earlier positions.

Mr Flake answered with a resounding “yes” when the chairman of the Senate Foreign Relations Committee, Bob Menendez, asked if he has changed his stance and is ready to “join this body and the administration in reaffirming the Armenian genocide".

The strained relations between the US and Turkey had gradually improved. When the two leaders met last June, Mr Erdogan hailed it as a "new era" of constructive ties with Washington.

Turkey, which became a secular republic from the ashes of the Ottoman Empire, acknowledges that 300,000 Armenians may have died but strongly rejects that it was genocide.

Last month, Armenia said it was ready to establish diplomatic relations and open its border with Turkey, Foreign Minister Ararat Mirzoyan told the Turkish state-run Anadolu news agency.

Turkish Foreign Minister Mevlut Cavusoglu has said earlier that he had held "productive and constructive" talks with Mr Mirzoyan in an effort to mend ties after decades of animosity.

Turkey has had no diplomatic or commercial ties with Armenia since the 1990s.

As many as 1.5 million Armenians are estimated to have been killed from 1915 to 1917 during the waning days of the Ottoman Empire, which suspected the Christian minority of conspiring with Russia in the First World War.

Agencies continued to this report.

Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."

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Opening day Premier League fixtures for August 9-11

August 9

Liverpool v Norwich 11pm

August 10

West Ham v Man City 3.30pm

Bournemouth v Sheffield Utd 6pm

Burnley v Southampton 6pm

C Palace v Everton 6pm

Leicester v Wolves 6pm

Watford v Brighton 6pm

Tottenham v Aston Villa 8.30pm

August 11

Newcastle v Arsenal 5pm

Man United v Chelsea 7.30pm

 

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Rating: 4.5/5

Updated: April 25, 2022, 7:52 AM`