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How Terrorist Attacks Influence the Stock Markets in France — an Event Study from Different Industrial Perspectives
How terrorist attacks influence the stock markets in France — an event study from different industrial perspectives Author: Said Khaled Schakib Student Number: 10841288 Supervisor: Jens Martin University of Amsterdam Msc. Business Economics – Track Finance Thesis credits: 15 ECTS Date: June 30 th , 2017 Statement of Originality This document is written by Student Said Khaled Schakib who declares to take full responsibility for the contents of this document. I declare that the text and the work presented in this document is original and that no sources other than those mentioned in the text and its references have been used in creating it. The Faculty of Economics and Business is responsible solely for the supervision of completion of the work, not for the contents . Abstract This thesis aims to investigate the effect of domestic terrorism on the stock market in France. After an extensive analysis of considerable literature six potential industries were identified, which are believed to show significant response towards terrorist events. Based on the event study analysis, evidence is provided that terror attacks with high number of fatalities mostly have a short-term effect on excess stock returns. French stocks associated with the airline industry and leisure & tourism industry show the most negative decline in excess stock returns, while the results suggest that stocks associated with the defence industry respond with positive returns towards terrorist events Table of Content 1. Introduction ..................................................................................................................... -
The Future of Airports a Vision of 2040 and 2070
The Future of Airports A Vision of 2040 and 2070 Topic No. 4: Security Threats and Unlawful Activities White Paper ENAC Alumni – Airport Think Tank Version 2 of April 2020 The Future of Airports: A Vision of 2040 and 2070 Disclaimer The materials of The Future of Airports are being provided to the general public for information purposes only. The information shared in these materials is not all-encompassing or comprehensive and does not in any way intend to create or implicitly affect any elements of a contractual relationship. Under no circumstances ENAC Alumni, the research team, the panel members, and any participating organizations are responsible for any loss or damage caused by the usage of these contents. ENAC Alumni does not endorse products, providers or manufacturers. Trade or manufacturer’s names appear herein solely for illustration purposes. ‘Participating organization’ designates an organization that has brought inputs to the roundtables and discussions that have been held as part of this research initiative. Their participation is not an endorsement or validation of any finding or statement of The Future of Airports. ENAC Alumni 7 Avenue Edouard Belin | CS 54005 | 31400 Toulouse Cedex 4 | France https://www.alumni.enac.fr/en/ | [email protected] | +33 (0)5 62 17 43 38 2 Topic No. 4: Security Threats and Unlawful Activities Research Team • Gaël Le Bris, C.M., P.E., Principal Investigator | Senior Aviation Planner, WSP, Raleigh, NC, USA • Loup-Giang Nguyen, Data Analyst | Aviation Planner, WSP, Raleigh, NC, USA • Beathia Tagoe, Assistant Data Analyst | Aviation Planner, WSP, Raleigh, NC, USA Panel Members • Eduardo H. -
WALTER CRONKITE – IMAGE #28 the 20Th Summer Olympic Games
WALTER CRONKITE – IMAGE #28 The 20th Summer Olympic Games were held in Munich, Germany, in 1972. Tensions ran high at these Olympics, because they were the first Olympic games held in Germany since the Nazis hosted them in 1936. The Israeli athletes and their trainers were especially nervous. Many had family members who had been murdered during the Holocaust or were themselves Holocaust survivors. The first few days of the Olympic Games went smoothly. On September 4th the Israeli team spent the evening out, seeing the play, Fiddler on the Roof. Then they went back to the Olympic Village to sleep. A little after 4 a.m. on September 5th, as the Israeli athletes slept, eight members of the Palestinian Liberation Organization terrorist group, Black September, jumped over the six-foot high fence that encircled the Olympic Village. The terrorists headed straight for 31 Connollystrasse, the building where the Israeli contingent was staying. Around 4:30 a.m. the terrorists entered the building. They rounded up the occupants of apartment 1 and, then, apartment 3. Several of the Israelis fought back. Two of them were killed. A couple of others were able to escape out windows. Nine were taken hostage. By 5:10 a.m. the police had been alerted, and news of the attack had spread around the world. The terrorists then dropped a list of their demands out the window. They wanted 234 prisoners released from Israeli prisons and two from German prisons by 9 a.m. Negotiators were able to extend the deadline to noon, then to 1 p.m., then to 3 p.m., then to 5 p.m. -
The Munich Massacre: a New History
The Munich Massacre: A New History Eppie Briggs (aka Marigold Black) A thesis submitted in partial fulfilment of the requirements of the degree of BA (Hons) in History University of Sydney October 2011 1 Contents Introduction and Historiography Part I – Quiet the Zionist Rage 1. The Burdened Alliance 2. Domestic Unrest Part II – Rouse the Global Wrath 3. International Condemnation 4. The New Terrorism Conclusion 2 Acknowledgments I would like to thank first and foremost Dr Glenda Sluga to whom I am greatly indebted for her guidance, support and encouragement. Without Glenda‟s sage advice, the writing of this thesis would have been an infinitely more difficult and painful experience. I would also like to thank Dr Michael Ondaatje for his excellent counsel, good-humour and friendship throughout the last few years. Heartfelt thanks go to Elise and Dean Briggs for all their love, support and patience and finally, to Angus Harker and Janie Briggs. I cannot adequately convey the thanks I owe Angus and Janie for their encouragement, love, and strength, and for being a constant reminder as to why I was writing this thesis. 3 Abstract This thesis examines the Nixon administration’s response to the Munich Massacre; a terrorist attack which took place at the 1972 Olympic Games in Munich. By examining the contextual considerations influencing the administration’s response in both the domestic and international spheres, this thesis will determine the manner in which diplomatic intricacies impacted on the introduction of precedent setting counterterrorism institutions. Furthermore, it will expound the correlation between the Nixon administration’s response and a developing conceptualisation of acts of modern international terrorism. -
Patterns of Global Terrorism 1999
U.S. Department of State, April 2000 Introduction The US Government continues its commitment to use all tools necessary—including international diplomacy, law enforcement, intelligence collection and sharing, and military force—to counter current terrorist threats and hold terrorists accountable for past actions. Terrorists seek refuge in “swamps” where government control is weak or governments are sympathetic. We seek to drain these swamps. Through international and domestic legislation and strengthened law enforcement, the United States seeks to limit the room in which terrorists can move, plan, raise funds, and operate. Our goal is to eliminate terrorist safehavens, dry up their sources of revenue, break up their cells, disrupt their movements, and criminalize their behavior. We work closely with other countries to increase international political will to limit all aspects of terrorists’ efforts. US counterterrorist policies are tailored to combat what we believe to be the shifting trends in terrorism. One trend is the shift from well-organized, localized groups supported by state sponsors to loosely organized, international networks of terrorists. Such a network supported the failed attempt to smuggle explosives material and detonating devices into Seattle in December. With the decrease of state funding, these loosely networked individuals and groups have turned increasingly to other sources of funding, including private sponsorship, narcotrafficking, crime, and illegal trade. This shift parallels a change from primarily politically motivated terrorism to terrorism that is more religiously or ideologically motivated. Another trend is the shift eastward of the locus of terrorism from the Middle East to South Asia, specifically Afghanistan. As most Middle Eastern governments have strengthened their counterterrorist response, terrorists and their organizations have sought safehaven in areas where they can operate with impunity. -
Targeted Killing: Self-Defense, Preemption, and the War on Terrorism
Journal of Strategic Security Volume 2 Number 2 Volume 2, No. 2: May 2009 Article 1 Targeted Killing: Self-Defense, Preemption, and the War on Terrorism Thomas Byron Hunter Follow this and additional works at: https://scholarcommons.usf.edu/jss Part of the Defense and Security Studies Commons, National Security Law Commons, and the Portfolio and Security Analysis Commons pp. 1-52 Recommended Citation Hunter, Thomas Byron. "Targeted Killing: Self-Defense, Preemption, and the War on Terrorism." Journal of Strategic Security 2, no. 2 (2010) : 1-52. DOI: http://dx.doi.org/10.5038/1944-0472.2.2.1 Available at: https://scholarcommons.usf.edu/jss/vol2/iss2/1 This Article is brought to you for free and open access by the Open Access Journals at Scholar Commons. It has been accepted for inclusion in Journal of Strategic Security by an authorized editor of Scholar Commons. For more information, please contact [email protected]. Targeted Killing: Self-Defense, Preemption, and the War on Terrorism Abstract This paper assesses the parameters and utility of “targeted killing” in combating terrorism and its role within the norm of state self-defense in the international community. The author’s thesis is that, while targeted killing provides states with a method of combating terrorism, and while it is “effective” on a number of levels, it is inherently limited and not a panacea. The adoption and execution of such a program brings with it, among other potential pitfalls, political repercussions. Targeted killing is defined herein as the premeditated, preemptive, and intentional killing of an individual or individuals known or believed to represent a present and/or future threat to the safety and security of a state through affiliation with terrorist groups or individuals. -
Global War on Terrorism and Prosecution of Terror Suspects: Select Cases and Implications for International Law, Politics, and Security
GLOBAL WAR ON TERRORISM AND PROSECUTION OF TERROR SUSPECTS: SELECT CASES AND IMPLICATIONS FOR INTERNATIONAL LAW, POLITICS, AND SECURITY Srini Sitaraman Introduction The global war on terrorism has opened up new frontiers of transnational legal challenge for international criminal law and counterterrorism strategies. How do we convict terrorists who transcend multiple national boundaries for committing and plotting mass atrocities; what are the hurdles in extraditing terrorism suspects; what are the consequences of holding detainees in black sites or secret prisons; what interrogation techniques are legal and appropriate when questioning terror suspects? This article seeks to examine some of these questions by focusing on the Global War on Terrorism (GWOT), particularly in the context of counterterrorism strategies that the United States have pursued towards Afghanistan-Pakistan (Af-Pak) since the September 2001 terror attacks on New York and Washington D.C. The focus of this article is on the methods employed to confront terror suspects and terror facilitators and not on the politics of cooperation between the United States and Pakistan on the Global War on Terrorism or on the larger military operation being conducted in Afghanistan and in the border regions of Pakistan. This article is not positioned to offer definitive answers or comprehensive analyses of all pertinent issues associated with counterterrorism strategies and its effectiveness, which would be beyond the scope of this effort. The objective is to raise questions about the policies that the United States have adopted in conducting the war on terrorism and study its implications for international law and security. It is to examine whether the overzealousness in the execution of this war on terror has generated some unintended consequences for international law and complicated the global judicial architecture in ways that are not conducive to the democratic propagation of human rights. -
Shooting at CIA HQ Remains a Mystery
Click here for Full Issue of EIR Volume 20, Number 9, February 26, 1993 had successfully penetrated an intelligence operation involv ing Israeli, Chinese, and Russian age"ts. According to pub lished accounts, Darling may have been involved in supply ing arms to CIA-backed Afghan Mujiahideen rebels during the 1980s. If the shootings were actually aimed at Darling (he was Shooting at CIA HQ shot three times, whereas all the other victims were only shot once), the question then emerges: Was the "hit" carried remains a mystery out by one of the three intelligence agencies cited above? An assassination in broad daylight, outside the main gate of by Jeffrey Steinberg CIA headquarters, is quite a provo¢ative act, and could trigger the kind of bloody intelligence warfare that often characterized the tensest moments of the Cold War. Even though the FBI and Fairfax County, Virginia police have identified a Pakistani national, Mir Aimal Kansi, as the A lot of blue smoke and mirrors man who shot five people outside the main gate of the CIA Predictably, the American media have had a field day at Langley on Jan. 25, many crucial questions about the speculating about the suspected killer Mir Aimal Kansi. terrorist incident remain unanswered, and many experienced Among the most bizarre features of hiS profile is his employ observers believe that the mystery will never be solved. Dur ment by a courier service owned by the son of former CIA ing the Monday morning rush hour on Jan. 25, a man armed official Victor Marchetti. A former executive assistant to the with a rifle walked down a row of cars stopped at a traffic deputy to CIA director Richard Helms, Marchetti quit the light on Route 123 just outside the main headquarters of the agency in 1969 and wrote one of the earliest exposes of U.S. -
Indefinite Detention As a Democratic Counterterrorism Policy
INDEFINITE DETENTION AS A DEMOCRATIC COUNTERTERRORISM POLICY A thesis submitted in partial fulfillment of the requirements for the degree of Master of Arts By JARED LEE MCPHERSON Bachelor of Arts, Brigham Young University, 2002 2014 Wright State University WRIGHT STATE UNIVERSITY GRADUATE SCHOOL Wednesday, October 15, 2014 I HEREBY RECOMMEND THAT THE THESIS PREPARED UNDER MY SUPERVISION BY JARED MCPHERSON ENTITLED “INDEFINITE DETENTION AS A DEMOCRATIC COUNTERTERRORISM POLICY” BE ACCEPTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS. ______________________________ Donna M. Schlagheck, Ph.D. Thesis Director ______________________________ Laura M. Luehrmann, Ph.D. Director, Master of Arts Program in International and Comparative Politics Committee on Final Examination: ___________________________________ Donna M. Schlagheck, Ph.D. Department of Political Science ___________________________________ Vaughn Shannon, Ph.D. Department of Political Science ___________________________________ Edward Fitzgerald, Ph.D. Department of Political Science ______________________________ Robert E. W. Fyffe, Ph.D. Vice President for Research and Dean of the Graduate School ABSTRACT McPherson, Jared. M.A., Department of Political Science, Wright State University, 2014. Indefinite Detention as a Democratic Counterterrorism Policy Indefinite detention is better defined as “detention without trial,” where the government has no plans for a prisoner’s arraignment, release, or deportation. While this policy has been used by democratic countries in the past and present, it appears to violate a core democratic concept—that of due process of law. This study examines US, British, and French counterterrorism efforts against al-Qaeda, the Provisional Irish Republican Army, and the Armed Islamic Group, to determine which factors are most likely to lead to the employment of indefinite detention. -
Algeria's GSPC and America's 'War on Terror' | the Washington Institute
MENU Policy Analysis / PolicyWatch 666 Algeria's GSPC and America's 'War on Terror' by Jonathan Schanzer Oct 2, 2002 ABOUT THE AUTHORS Jonathan Schanzer Jonathan Schanzer, a former terrorism finance analyst at the Treasury Department, is senior vice president at the Foundation for Defense of Democracies. Brief Analysis ast week, intensified Islamist violence prompted Algerian president Abdelaziz Bouteflika to launch his L military's largest counteroffensive against radical Islamic elements in five years. The target of this ongoing operation is the Salafist Group for Preaching and Combat (GSPC), a breakaway faction of the Armed Islamic Group (GIA). GSPC deserves special attention in America's "war on terror" for its extensive ties to al-Qaeda and its devastating effect on Algeria. Background Radical Islamic violence erupted in Algeria in 1992 when the military nullified a sweeping electoral victory for the Islamic Salvation Front (FIS). Led by the GIA (formed in 1993) and the armed wing of the FIS (known as the Islamic Salvation Army [AIS]), Islamists launched a ruthless campaign against the government, the military, and civilians that included school burnings, religiously motivated killings, and bombings. Their goal was to overthrow the secular Algerian government and replace it with an Islamist regime. As the war raged, it became apparent that the majority of the Islamist combatants adhered to the rigid and utopian Salafist branch of Islam, which excludes all but one interpretation of the religion -- that revealed by the Prophet Muhammad and his "salaf," or companions. Between 1996 and 1997, Salafist violence reached its zenith. The GIA massacred thousands of Algerian civilians thought to support the regime and oppose their jihad. -
9-11 and Terrorist Travel- Full
AND TERRORIST TRAVEL Staff Report of the National Commission on Terrorist Attacks Upon the United States 9/11 AND TERRORIST TRAVEL Staff Report of the National Commission on Terrorist Attacks Upon the United States By Thomas R. Eldridge Susan Ginsburg Walter T. Hempel II Janice L. Kephart Kelly Moore and Joanne M. Accolla, Staff Assistant Alice Falk, Editor Note from the Executive Director The Commission staff organized its work around specialized studies, or monographs, prepared by each of the teams. We used some of the evolving draft material for these studies in preparing the seventeen staff statements delivered in conjunction with the Commission’s 2004 public hearings. We used more of this material in preparing draft sections of the Commission’s final report. Some of the specialized staff work, while not appropriate for inclusion in the report, nonetheless offered substantial information or analysis that was not well represented in the Commission’s report. In a few cases this supplemental work could be prepared to a publishable standard, either in an unclassified or classified form, before the Commission expired. This study is on immigration, border security and terrorist travel issues. It was prepared principally by Thomas Eldridge, Susan Ginsburg, Walter T. Hempel II, Janice Kephart, and Kelly Moore, with assistance from Joanne Accolla, and editing assistance from Alice Falk. As in all staff studies, they often relied on work done by their colleagues. This is a study by Commission staff. While the Commissioners have been briefed on the work and have had the opportunity to review earlier drafts of some of this work, they have not approved this text and it does not necessarily reflect their views. -
11 July 2006 Mumbai Train Bombings
11 July 2006 Mumbai train bombings July 2006 Mumbai train bombings One of the bomb-damaged coaches Location Mumbai, India Target(s) Mumbai Suburban Railway Date 11 July 2006 18:24 – 18:35 (UTC+5.5) Attack Type Bombings Fatalities 209 Injuries 714 Perpetrator(s) Terrorist outfits—Student Islamic Movement of India (SIMI), Lashkar-e-Toiba (LeT; These are alleged perperators as legal proceedings have not yet taken place.) Map showing the 'Western line' and blast locations. The 11 July 2006 Mumbai train bombings were a series of seven bomb blasts that took place over a period of 11 minutes on the Suburban Railway in Mumbai (formerly known as Bombay), capital city of the Indian state of Maharashtra and India's financial capital. 209 people lost their lives and over 700 were injured in the attacks. Details The bombs were placed on trains plying on the western line of the suburban ("local") train network, which forms the backbone of the city's transport network. The first blast reportedly took place at 18:24 IST (12:54 UTC), and the explosions continued for approximately eleven minutes, until 18:35, during the after-work rush hour. All the bombs had been placed in the first-class "general" compartments (some compartments are reserved for women, called "ladies" compartments) of several trains running from Churchgate, the city-centre end of the western railway line, to the western suburbs of the city. They exploded at or in the near vicinity of the suburban railway stations of Matunga Road, Mahim, Bandra, Khar Road, Jogeshwari, Bhayandar and Borivali.