Acting Defence Secretary Christopher Miller speaks at the Pentagon in Washington. AP
Acting Defence Secretary Christopher Miller speaks at the Pentagon in Washington. AP
Acting Defence Secretary Christopher Miller speaks at the Pentagon in Washington. AP
Acting Defence Secretary Christopher Miller speaks at the Pentagon in Washington. AP

Acting Pentagon chief Christopher Miller admits US troop withdrawals are 'fraught with risk'


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The planned withdrawal of US troop from Afghanistan and Iraq are “fraught with risk” but the military will not hesitate to strike back if terrorists try to undermine this transition, the newly hired Pentagon chief said on Wednesday.

Speaking at Fort Bragg in North Carolina, Christopher Miller, who served in both Afghanistan and Iraq as an Army Special Forces officer, said President Donald Trump's order to cut the US military presence to 2,500 troops in those countries by January 15 was a step toward ending the wars responsibly. The withdrawal of troops will come five days before Democrat Joe Biden assumes control of the White House and the military.

Mr Miller announced the decision to cut troops on Tuesday at the Pentagon, and he elaborated on the plan at Bragg. He said the reductions would be done in a way that “protects our fighting men and women and our hard-earned gains”.

“At the same time, should any malign actors underestimate our resolve or attempt to undermine our efforts, we will not hesitate to restore deterrence and defeat any and all threats,” he added, speaking at Bragg’s outdoor Special Operations Memorial Plaza.

“As we implement the President’s orders, we recognise that transitions and campaigns are fraught with risk and unexpected challenges and opportunities."

Some members of Congress, including Republicans, have argued that the military move is unwise or premature.

Chuck Hagel, a Republican who served as defence secretary under the Barack Obama administration, said earlier this week that Mr Trump should have left troop-reduction decisions to President-elect Joe Biden, since the new administration will have to deal with the consequences of military withdrawals. Mr Trump has not involved the Biden administration in critical military briefings, as he has yet to concede the presidential election result.

“It sends a clear signal to the Taliban and strengthens their hand in negotiations with the Kabul government," said Mr Hagel. He added that he favours finding a way to end US military involvement in Afghanistan without sabotaging the government’s chances of achieving a viable peace deal.

“This is not going to end well for the Afghan government.”

On Wednesday, two House members who are veterans of the wars in Iraq and Afghanistan — Democrat Seth Moulton of Massachusetts and Republican Adam Kinzinger of Illinois — sent a letter to Mr Miller and Secretary of State, Mike Pompeo, requesting answers to numerous questions about the ramifications of Mr Trump’s decision, including how pulling out troops will affect stability in the Middle East.

“We believe that there is strong bipartisan support from Congress and the administration for both Iraq and Afghanistan,” they wrote. “Any premature drawdown without thoughtful consideration of the real-world conditions on the ground would be ill-advised. Additionally, we continue to be concerned by the growing ISIS activity in Afghanistan and Iran’s influence in Iraq.”

Although the State Department has not announced a pull-out of diplomatic personnel from either country this week in conjunction with Mr Trump’s announcement, there is concern in Congress that a substantial downscaling of troops could affect the security of the US embassies in Baghdad and Kabul and the safety of embassy personnel.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

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Empty Words

By Mario Levrero  

(Coffee House Press)
 

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War and the virus