Category Archives: International News
“Somebody Will Do Something Stupid”
Is it just me, or does it seem like we are moving inexorably towards a global confrontation? Other International News Iran To Block Nuclear Inspections Starting Next Week If US Doesn’t Drop SanctionsFeb 17, 2021 China “Refuses” To Hand Over Raw Data On Early COVID Cases To WHO TeamFeb 12, 2021 Religious Books Seized And Burned In Communist China, ‘Believers’ […]
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Iraq to Washington: We Don’t Want Your Troops
What a difference a day makes. Just 24 hours ago US Defense Secretary Ashton Carter was telling the Senate Armed Services Committee all about the Obama Administration’s new military strategy for the Middle East. The headline grabber from his testimony was the revelation that the US military would begin “direct action on the ground” in Iraq and Syria. Share This […]
Read moreEurope’s Lower Standard of Living Means Adults Live with Parents Longer
In this article, I noted that median incomes — even when adjusted for cost of living, taxes, and social benfits — are higher in the United States than in Europe. What’s more, Americans at poverty level (i.e., 60% of national median income) have more purchasing power than median-level households in many European countries. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreUnderstanding The War In Syria [VIDEO]
Syria’s war has killed at least 250,000 people and displaced 12 million. To understand how Syria got to this place, it helps to start at the beginning. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreReality Check: What We Know About TPP Makes It The Worst Trade Deal Ever [VIDEO]
Right here in Atlanta, a dozen Pacific nations along with the United States have finalized a massive trade agreement called the Trans Pacific Partnership. But is the TPP literally the worst trade deal in the world? Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreMoscow Releases Video Of Syria Strikes
Now that Russia has officially begun conducting airstrikes on anti-regime forces operating in Syria, commentators, pundits, and analysts around the world will be keen to compare and contrast the results of Moscow’s efforts with the year-old US-led air campaign against ISIS targets in Syria and Iraq. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreAmerica Is Less Economically Free Than Jordan, Mauritius, and the United Arab Emirate
The Canadian Fraser Institute’s “Economic Freedom of the World” report [PDF] was released last week, and, as The Week reports: “America is less economically free than Jordan, Mauritius, and the United Arab Emirates.” In fact, “the decline of economic freedom in the United States” is a topic specifically addressed by the authors, because it is so significant. While much of the […]
Read moreChina’s Man-Made Military Island Outposts, The Dramatic Before And After Photos
There’s been no shortage of coverage (ACNO covered it here) both in these pages and elsewhere of China’s unprecedented land reclamation efforts in the Spratlys. While China isn’t the first country to create new territory in the disputed waters of the South China Sea, the scope of Beijing’s development (some 3,000 acres) sets it apart and the construction of air […]
Read moreRiot Police Unleash Tear Gas, Water Cannons As Migrants Storm Hungarian Border Barriers [VIDEO]
Tensions between migrants fleeing Syria’s bloody civil war on their way to the German “promised land” and Hungarian authorities have reached a fever pitch over the last 48 hours in the wake of Prime Minister Viktor Orban’s move to erect a 100-mile, razor wire fence along the border with Serbia. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreReality Check: U.S. Policies In Middle East Responsible For Refugee Crisis In Europe [VIDEO]
The images are gut wrenching. Hundreds of thousands of refugees from Syria and across the Middle East fleeing to Europe, being held in camps. Refugees suffocating in vans and trucks overloaded with people. Or the sight of 12 different children whose bodies have washed up on the shores of places like Turkey—where a three-year-old boy’s body was found. Share This […]
Read moreRussia Sends More Tank Landing Ships, Military Aircraft To Syria
On Wednesday, Jean-Claude Juncker unveiled Europe’s preliminary “plan” to try and cope with the massive influx of asylum seekers fleeing the violence in war-torn Syria. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreFlashpoint: White House Confirms Russian Presence In Syria, Warns It Is “Destabilizing”
Two days ago we reported something which we had anticipated for a long time but nonetheless did not expect to take shape so swiftly: namely, that with Assad’s regime close to collapse and fighting a war on three different fronts (one of which is directly supported by US air and “advisor” forces), Putin would have no choice but to finally […]
Read moreWhy Devaluing the Yuan Won’t Help China’s Economy
Earlier this month, the Chinese government decided to depreciate its currency on three consecutive occasions. On August 13, the price of the US dollar was trading at 6.413 — an increase of 3.3 percent against July. The key factor behind the central bank’s lowering of the yuan is a sharp decline in the growth momentum of exports with the yearly […]
Read moreMillions, Billions, Trillions: The Disaster of Socialism, Once Again
Venezuela’s nearly full-blown socialism is making the news once again. For approximately two years now, the country’s economic crisis has been rapidly unfolding: rising prices, fuelled by increased scarcity of goods and a depreciating currency, were followed by price controls, which brought about even higher prices and more shortages. The list of basic commodities missing from stores, such as toilet […]
Read moreGlobal Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks
Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some 23% on just one week, there was some good news: at least the Baltic Dry index was still inexplicably […]
Read moreDramatic Footage Of Saudi Tanks Invading Yemen [VIDEO]
There are competing accounts as to exactly what happened at the Al Anad airbase in Yemen on Monday, where Saudi-backed forces loyal to President Abed Rabbo Mansour Hadi reportedly routed Houthi rebels, marking the latest in a series of setbacks for the Iran-backed group which forced Hadi to flee to Riyadh earlier this year, plunging Yemen into a bloody civil […]
Read moreVenezuela Increasingly Looks Like A War Zone [VIDEO]
Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivar is now worth 107 times less than the official currency’s exchange rate) and the resulting hyperinflation is only matched be barren wasteland that local […]
Read moreTotal Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation
Months ago, when Alexis Tsipras, Yanis Varoufakis, and their Syriza compatriots had just swept to power behind an ambitious anti-austerity platform and bold promises about a brighter future for the beleaguered Greek state, we warned that Greece was one or two vacuous threats away from being “digitally bombed back to barter status.” Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreWhere China Goes To Outsource Its Own Soaring Labor Costs
30 years ago, the great outsourcing wave took millions of US low-skilled jobs and planted them right in the heart of China, which was about to undergo the fastest industrialization-commercialization-financialization experiment in history. $26 trillion in bank assets later, the world’s biggest housing bubble, and a teetering financial system that every day depends on Beijing making the correct central-planning decision […]
Read moreA Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe
Two weeks ago, the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse. Share This ArticleFacebookTwitterPinterestLinkedinemail
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