BEIRUT â€" American antitank missiles supplied to Syrian rebels are playing an unexpectedly prominent role in shaping the Syrian battlefield, giving the conflict the semblance of a proxy war between the United States and Russia, despite President Barack Obama's express desire to avoid one.
The U.S.-made BGM-71 TOW missiles were delivered under a two-year-old covert program coordinated between the United States and its allies to help vetted Free Syrian Army groups in their fight against President Bashar al-Assad. Now that Russia has entered the war in support of Assad, they are taking on a greater significance than was originally intended.
So successful have they been in driving rebel gains in northwestern Syria that rebels call the missile the "Assad Tamer," a play on the word Assad, which means lion. And in recent days they have been used with great success to slow the Russian-backed offensive aimed at recapturing ground from the rebels.
Since Wednesday, when Syrian troops launched their first offensive backed by the might of Russia's military, dozens of videos have been posted on YouTube showing rebels firing the U.S.-made missiles at Russian-made tanks and armored vehicles belonging to the Syrian army. Appearing as twirling balls of light, they zigzag across the Syrian countryside until they find and blast their target in a ball of flame.
The rebels claim they took out 24 tanks and armored vehicles on the first day, and the toll has risen daily since then.
"It was a tank massacre," said Capt. Mustafa Moarati, whose Tajamu al-Izza group says it destroyed seven tanks and armored vehicles Wednesday.
More missiles are on the way, he said. New supplies arrived after the Russian deployments began, he said, and the rebels' allies have promised further deliveries soon, bringing echoes of the role played by U.S.-supplied Stinger antiaircraft missiles in forcing the Soviet Union to withdraw from Afghanistan in the 1980s.
The hits also plunged Washington into what amounts to a proxy war of sorts with Moscow, despite Obama's insistence this month that "we're not going to make Syria into a proxy war between the United States and Russia."
"It's a proxy war by happenstance," said Jeff White of the Washington Institute for Near East Policy, who counted at least 15 tanks and vehicles destroyed or disabled on one day. "The rebels happen to have a lot of TOWs in their inventory. The regime happened to attack them with Russian support. I don't see it as a proxy war by decision."
Whether it becomes one or not is one of the key questions confronting the Obama administration in the wake of President Vladimir Putin's decision to throw Russia's support behind Assad's regime.
The TOW missile program overseen by the CIA is entirely separate from a failed program run by the Pentagon that was intended to influence the outcome of the other war being waged in Syria, the one in the northeastern part of the country against the Islamic State.
The CIA program got underway before the Pentagon one, in early 2014, with the goal of propping up the flagging rebellion against Assad's rule by delivering training, small arms, ammunition and the antitank missiles, which have proved instrumental in eroding the government's key advantage over the lightly armed rebel force - its tanks and heavy armor.
Supplied mostly from stocks owned by Saudi Arabia, delivered across the Turkish border and stamped with CIA approval, the missiles were intended to fulfill another of the Obama administration's goals in Syria - Assad's negotiated exit from power. The plan, as described by administration officials, was to exert sufficient military pressure on Assad's forces to persuade him to compromise - but not so much that his government would precipitously collapse and leave a dangerous power vacuum in Damascus.
Instead, the Russian military intervened to shore up the struggling Syrian army - an outcome that was not intended.
"A primary driving factor in Russia's calculus was the realization that the Assad regime was militarily weakening and in danger of losing territory in northwestern Syria. The TOWs played an outsize role in that," said Oubai Shahbandar, a Dubai-based consultant who used to work with the Syrian opposition.
"I think even the Americans were surprised at how successful they've been," he added.
It was no accident, say U.S. officials and military analysts, that the first targets of Russian airstrikes in Syria were the locations where the rebels armed with TOW missiles have made the most substantial gains and where they most directly threaten Assad's hold over his family's heartland in the coastal province of Latakia.
Those areas were also where the first offensive since the Russian intervention was launched, with columns of Syrian armored vehicles and tanks setting out from government strongholds into the countryside of the provinces of Hama and Idlib.
Cut the edge
What the TOWs have done, White said, is "offset the regime's advantage in armor. The TOWs have cut away at that edge, and that's what we've seen playing out. It's like the Stingers in Afghanistan."
It is unclear whether the TOWs will be able to change the course of the war, as did the Stinger antiaircraft missiles introduced in the 1980s by the CIA in Afghanistan, where they were used by the mujahideen to shoot down Russian helicopters and paralyze the Soviet army.
Now that the Russians have introduced more intensive and heavier airstrikes and, for the first time, combat helicopters seen in videos strafing villages in the Hama area, the TOW missiles may only be able to slow, but not block, government advances.
The rebels have appealed for the delivery of Stinger missiles or their equivalents to counter the new threat from the air, but U.S. officials say that is unlikely. The Obama administration has repeatedly vetoed past requests from the rebels, as well as their Turkish and Saudi allies, for the delivery of antiaircraft missiles, out of concerns that they could fall into extremist hands.
But the TOW missile program is already in progress, and all the indications are that it will continue. Saudi Arabia, the chief supplier, has pledged a "military" response to the Russian incursion, and rebel commanders say they have been assured more will arrive imminently.
Under the terms of the program, the missiles are delivered in limited quantities, and the rebel groups must return the used canisters to secure more, to avoid stockpiling or resale.
The system appears to have helped prevent the missiles from falling into extremist hands. Robert Ford, who was serving as U.S. envoy to Syria when the program got underway, said he was aware of only two TOWs obtained by the al-Qaida affiliate Jabhat al-Nusra, while "dozens and dozens" have been fired by moderate groups.
"Nusra made a big public display of having these two missiles," said Ford, who is now a fellow at the Middle East Institute. Had they acquired more, he said, "they would be using them now."
The supplies of the missiles, manufactured by Raytheon, are sourced mainly from stocks owned by the Saudi government, which purchased 13,795 of them in 2013, for expected delivery this year, according to Department of Defense documents informing Congress of the sale. Because end-user agreements require that the buyer inform the United States of their ultimate destination, American approval is implicit, said Shahbandar, a former Pentagon adviser.
But no decision is required from the Obama administration for the program to continue, Shahbandar said. "It doesn't need an American green light. A yellow light is enough," he said. "It's a covert effort and it's technically deniable, but that's what proxy wars are."
Crunching the numbers of South Korea's personal and household debt offers a glimpse into what drives the win-or-die plot of the Netflix hit produced in the Asian country.
SEOUL — The South Korean series Squid Game has become the most viewed series on Netflix, watched by over 111 million viewers and counting. It has also generated a wave of debate online and off about its provocative message about contemporary life.
The plot follows the story of a desperate man in debt, who receives a mysterious invitation to play a game in which the contestants gamble their lives on six childhood games, with the winner awarded a prize of 45.6 billion won ($38 million)... while the losers face death.
It's a plot that many have noted is not quite as surreal as it sounds, a reflection of the reality of Korean society today mired in personal debt.
Seoul housing prices top London and New York
In the polished streets of downtown Seoul, one sees endless cards and coupons advertising loans scattered on the ground. Since the outbreak of the pandemic, as the demand for loans in South Korea has exploded, lax lending policies have led to a rapid increase in personal debt.
According to the South Korean Central Bank's "Monetary Credit Policy Report," household debt reached 105% of GDP in the first quarter of this year, equivalent to approximately $1.5 trillion at the end of March, with a major share tied up in home mortgages.
Average home loans are equivalent to 270% of annual income.
One reason behind the debts is the soaring housing prices. In Seoul, home to nearly half of the country's population, housing prices are now among the highest in the world. The price to income ratio (PIR), which weighs the average price of a home to the average annual household income, is 12.04 in Seoul, compared to 8.4 in San Francisco, 8.2 in London and 5.4 in New York.
According to the Korea Real Estate Commission, 42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s. For those in their 30s, the average amount borrowed is equivalent to 270% of their annual income.
Playing the stock market
At the same time, the South Korean stock market is booming. The increased demand to buy stocks has led to an increase in other loans such as credit. The ratio for Korean shareholders conducting credit financing, i.e. borrowing from securities companies to secure stock holdings, had reached 21.4 trillion won ($17.7 billion), further increasing the indebtedness of households.
A 30-year-old Seoul office worker who bought stocks through various forms of borrowing was interviewed by Reuters this year, and said he was "very foolish not to take advantage of the rebound."
In addition to his 100 million won ($84,000) overdraft account, he also took out a 100 million won loan against his house in Seoul, and a 50 million won stock pledge. All of these demands on the stock market have further exacerbated the problem of household debt.
42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s
Game of survival
In response to the accumulating financial risks, the Bank of Korea has restricted the release of loans and has announced its first interest rate hike in three years at the end of August.
But experts believe that even if banks cut loans or raise interest rates, those who need money will look for other ways to borrow, often turning to more costly institutions and mechanisms.
This all risks leading to what one can call a "debt trap," one loan piling on top of another. That brings us back to the plot of Squid Game, "Either you live or I do." South Korean society has turned into a game of survival.
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