This is the web version of Foreign Exchanges, but did you know you can get it delivered right to your inbox? Sign up today: Friends, for family reasons and also because of my own mental exhaustion I will be taking a longer than usual break from the newsletter for this year’s Thanksgiving holiday. The newsletter will be going quiet following Thursday’s roundup and will return to our regular schedule on Tuesday, November 28. As I’ve written before here I can always tell when it’s time for me to take a bit of a break from the newsletter and the truth is we probably passed that point around three or four weeks ago so I’m running on fumes. Thanks for reading and for supporting this venture! TODAY IN HISTORY November 14, 1965: The Battle of Ia Drang, the first major engagement between the United States and the North Vietnamese Army, begins. It ended on November 18 with both sides claiming victory, though the NVA’s ability to fight the much better armed US Army to a draw was a boost to their morale and probably the battle’s most important effect. November 14, 2001: Fighters with the Northern Alliance rebel coalition enter and occupy the city of Kabul, marking the end of the US war in Afghanista—just kidding. I had you going there for a second, didn’t I? INTERNATIONAL With deaths due to “extreme heat” projected to increase five-fold by 2050, according to The Lancet Countdown, you’ll no doubt be pleasantly surprised to learn that an AP investigative report shows that the “green transition plans” being formulated by most major fossil fuel companies are not green, not transitional, and not even really plans. Without any serious government pressure to force them to invest in genuinely renewable technologies, these firms are able to do things like, say, classify natural gas development as a “green” investment. That’s absurd, of course, but who’s counting? The main problem with these plans has long been, and continues to be, the fact that fossil fuel companies exempt the products they sell when assessing their progress toward “net zero” carbon emissions. Firms only account for “Scope 1” emissions, which are their direct carbon outputs, and “Scope 2” emissions, the indirect output that results from their production process. The emissions that ensue when people burn the products they sell are considered “Scope 3” and energy firms disavow any responsibility for them. Like tobacco companies, they argue that what the customer does with their products is the customer’s business, not theirs. Maybe people just want to buy a barrel of oil and place it in their foyer as a conversation piece or put it to some other use that doesn’t emit carbon. Who’s to say? MIDDLE EAST ISRAEL-PALESTINE Early Wednesday morning Israeli forces began what they called “a precise and targeted operation against Hamas in a specified area in the Shifa hospital” involving “medical teams and Arabic speakers, who have undergone specified training to prepare for this complex and sensitive environment, with the intent that no harm is caused to the civilians.” There are hundreds of patients and thousands of other people who have been trapped in the hospital by the IDF and the chances that “no harm” will come to any of them in the next several hours are probably slim. Israeli officials have been insisting that Hamas’s lair is located underneath the hospital but at this point it’s too soon to know if that’s the target or if this is a more limited operation. This is a developing story so there’s not much more I can say about it at this time. What I can say is that the Biden administration gave a green light to this operation earlier in the day, when White House spokesperson John Kirby told reporters that the administration has “independent intelligence” (which is code for “we didn’t get this from the IDF”) that “Hamas and the Palestinian Islamic Jihad use some hospitals in the Gaza Strip — i