Saturday, January 20, 2018

Western sanctions are hitting Russia harder than people realized

Sanctions linked to the Ukraine crisis could end up costing Russia 9% of its gross domestic product, the International Monetary Fund has said. Russia's economy is showing signs of stabilisation after slumping under pressure from Western financial sanctions and Russian counter-measures. Low international prices for its oil exports have added to...

Are Ankara, Washington on collision course in Syria?

Turkish President Tayyip Erdogan's supporters were awed once again by his performance at the UN General Assembly meeting in New York. He spoke at the summit about Syrian refugees and touched upon nearly every issue on in his agenda, as if he was addressing an admiring domestic audience in...

SOCAR to Work on Feasibility Study for Albania’s Gasification Master Plan

Azerbaijan and Albania will set up a special working group for preparation of the feasibility study for the master plan for developing Albania’s gas market, SOCAR said in a statement. Two sides discussed the future development of Albania’s gas market and distribution system at the recent meeting in the capital...

Global finance faces $9 trillion stress test as dollar soars

The world is more dollarized today that any time in history, and therefore at the mercy of the US Federal Reserve as rates rise. Sitting on the desks of central bank governors and regulators across the world is a scholarly report that spells out the vertiginous scale of global debt...

Central Asia: The Drop in Remittances from Russia is Bad. But How Bad?

Russia's Central Bank has released new data showing drops as steep as 15 percent in the amount of money transferred by individuals to Central Asia in 2014 versus the year before. Much of that cash – no one can say exactly how much – comprises remittances from labor migrants....

East Coast Ports Hit By Import Decline

Ports from New York to Savannah said container volumes fell in May as concerns about the economy and high inventory levels curbed import demand. Imports slumped at some of the East Coast's busiest ports in May, as high business inventories and shifting trade patterns that favor the West Coast curbed...

Investigating Deutsche Bank’s €21 Trillion Derivative Casino In Wake Of Admission It Rigged Gold...

Deutsche Bank Admits Rigging, Will Expose Other Riggers Deutsche Bank has admitted it rigged both the Gold market and the Silver market. ZeroHedge has the details in his report Deutsche Bank Agrees To Expose Other Manipulators. Many asked me to comment. I am shocked? No. In the wake of admissions of...

Jordanians worry over new Syria front

Jordan's pundits reacted swiftly to statements made by US Defense Secretary Ashton Carter on July 26 that the US-led coalition fighting the Islamic State (IS) is planning to open a new front in southern Syria in addition to its ongoing offensive in the north of the war-torn country. Most...

UK licences £2.8bn of arms sales to Saudis since kingdom entered Yemen war

Government releases £7m of military export licences in last three months of 2015 despite calls to suspend arms sales. The British government released licences for the export of £7m of arms to Saudi Arabia in the last three months of 2015, taking the total value of such licences since the...
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Jeb Bush Admits He Would Have Invaded Iraq Based On Lies Just Like His...

In this clip from the Kelly File, Jeb Bush declares that he still would have invaded Iraq based on the “faulty intelligence” that was available at the time, and that he would still have done it knowing what we know now. It’s a shocking admission that seriously puts his foreign policy...

Has Turkey really stepped into Syrian quagmire?

Let's be clear: Turkey's cross-border operation that captured the Syrian town of Jarablus was dramatic and unprecedented. However, it was not really aimed at the Islamic State (IS) but actually at the Syrian Kurdish Democratic Union Party (PYD) and its armed wing, the People's Protection Units (YPG). Turkish officials at...

Where does Oman and Iran’s pipeline leave Saudi Arabia?

Recent reports suggest that officials in the Sultanate of Oman and the Islamic Republic of Iran have given the go-ahead for the rumored 173-mile underwater gas pipeline connecting the two nations. As of March 2013, only an “understanding” had been reached. The new reports raise clear implications for the...

It’s time for the word to end its debt-fueled growth model: BIS

The organization commonly known as the central bank of central banks has called for an end of boom-and-bust cycles that have plagued the global economy, urging lawmakers quickly to adjust current policy. "The global economy cannot afford to rely any longer on the debt-fueled growth model that has brought it...

How the US Armed-up Syrian Jihadists

The West blames Russia for the bloody mess in Syria, but U.S. Special Forces saw close up how the chaotic U.S. policy of aiding Syrian jihadists enabled Al Qaeda and ISIS to rip Syria apart, explains ex-British diplomat Alastair Crooke. “No one on the ground believes in this mission or this effort”, a...

Israel Establishes Syrian Rebel Base in Israel, Treats Radical Islamist Wounded

Within hours of originally publishing this post, Arab media reported that Israeli war planes attacked two military targets near Damascus. This would make at least the sixth Israeli invasion of Syrian territorial sovereignty to attack military-security targets. Nicholas Blanford seems to have summed up the situation pretty well: “Usually we have...
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Pentagon and State Department, or the People of Syria?

The U.S. Peace Movement Has to Decide Which Side It Is On — And Soon. An “Anti-Regime-Change” Position on Syria is NOT the same as a “Pro-Assad” Position! That is for the Syrian People to Decide Free of Foreign Intervention! “All Members shall refrain in their international relations from the threat...

US seeking bilateral trade deal with UK to press EU on TTIP

American officials moving swiftly to cement economic relationship with Britain and speed up stalled transatlantic trade deal with Europe. A potentially swift bilateral trade and investment deal with the UK is being suggested by American officials as a way of pressing the European Union to speed up its own stalled...

The Transatlantic Trade Deal TTIP May Be Dead – Something Even Worse Is Coming

Is it over? Can it be true? If so, it’s a victory for a campaign that once looked hopeless, pitched against a fortress of political, corporate and bureaucratic power. TTIP – the Transatlantic Trade and Investment Partnership – appears to be dead. The German economy minister, Sigmar Gabriel, says that...

Westminster’s Squabbling Is Making Brexit Worse

The simple fact is that political uncertainty hurts the economy. And with chaos reigning in the U.K., the road ahead looks bumpy indeed. When the Brexit vote was still months away, veteran Conservative Party politician Kenneth Clarke predicted that, should David Cameron lose the campaign for Britain to stay within...

Press Freedom Groups Denounce NSA Spying on Al Jazeera Bureau Chief

NEW YORK, (IPS) - Ahmad Muaffaq Zaidan doesn’t deny that he’s had contact with terrorist groups. In fact, it would have been rather difficult to do his job otherwise. But the fact that Zaidan is a respected investigative journalist and the Islamabad bureau chief for Al Jazeera didn’t seem to...

Developing a Western Energy Strategy for the Black Sea Region and Beyond

In Developing a Western Energy Strategy for the Black Sea Region and Beyond, Senior Fellow at the Atlantic Council's Dinu Patriciu Eurasia Center and Global Energy Center Ariel Cohen addresses the urgent need for a European policy on Black Sea energy following Russia's annexation of Crimea. Dr. Cohen, himself...

OPEC Holds Production Unchanged; Prices Fall

VIENNA — The oil cartel OPEC decided on Thursday not to cut petroleum production, despite the plunge in prices in recent months that has indicated the diminishing clout of the organization. On news of the decision by the Organization of the Petroleum Exporting Countries, the price of Brent crude oil,...

Wikileaks Says Secretive Trade Agreement Paves Way to Corporatization of Public Services

WikiLeaks has released a thousands of documents that critics of free trade said shows how officials negotiating the Trade in Services Agreement, or TiSA, could force privatization on public institutions around the world. The most surprising revelations in the WikiLeaks documents released this week involve state-owned enterprises, or SOEs —...

Mike Pence Will Be the Most Powerful Christian Supremacist in U.S. History

The election of Donald Trump has sent shockwaves through the souls of compassionate, humane people across the country and the world. Horror that a candidate who ran on a platform of open bigotry, threats against immigrants and Muslims, and blatant misogyny will soon be president is now sinking in. Trump...

Brexit wipes $2tn off markets as Moody’s lowers UK credit rating outlook

Amid concerns that the EU referendum result risks sparking fresh financial crisis, Bank of England governor says it is ready to do whatever is needed. The ratings agency Moody's has lowered the outlook for the UK's credit rating from stable to negative amid what it said would prove a prolonged...

China establishes rival to World Bank

The Asian Infrastructure Investment Bank (AIIB) has been formally established. The China-backed Asian Infrastructure Investment Bank (AIIB), viewed by some as a rival to the World Bank and Asian Development Bank, was formally established on Friday, according to a statement issued by Beijing. The United States and Japan - the world's...

U.S. set to approve sales of Boeing fighters to Qatar, Kuwait

The United States is poised to sell $7 billion worth of Boeing Co fighter jets to Qatar and Kuwait after years of delays, and it may start notifying U.S. lawmakers as early as next week, four U.S.- and Gulf-based sources familiar with the matter told Reuters. The sales had stalled...

Banks Assert Constitutional Right to Billions in Subsidies

A trade group for the nation’s largest banks has asserted a constitutional right to risk-free profit from the Federal Reserve. Rob Nichols, the chief lobbyist for the American Bankers Association, argued in a comment letter Thursday that a recent federal law reducing the dividend on the stock that banks purchase...

Obstacles Trump Optimism for the Eastern Mediterranean Energy Corridor

The leaders of Israel and Cyprus agreed on July 28 to cooperate on energy issues in an effort to accelerate development of offshore natural gas reserves spanning both countries’ territorial waters. “There is palpably renewed energy in our relationship, I mean that figuratively and literally,” Israeli Prime Minister Benjamin...

Wikileaks: Hillary Clinton Helped Topple Gadhafi While France & UK Fought Over Libya’s Oil

Clinton bragged about the U.S. role in Moammar Gadhafi’s death, and her emails leaked by Wikileaks show the race to claim Libya’s resources in the aftermath. WASHINGTON — A message from Hillary Clinton’s private email server reveals that France and the United Kingdom both sought to control Libya’s oil in...

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