Category Archives: International News

Europe’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. Other International News “We Cannot Defy The […]

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Moscow 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 ArticleFacebookGoogle+TwitterPinterestLinkedinemail

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America 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 […]

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China’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 […]

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Riot 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 ArticleFacebookGoogle+TwitterPinterestLinkedinemail

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Reality 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 […]

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Flashpoint: 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 […]

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Why 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 […]

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Millions, 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 […]

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Global 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 […]

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Dramatic 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 […]

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Venezuela 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 […]

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Total 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 ArticleFacebookGoogle+TwitterPinterestLinkedinemail

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Where 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 […]

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Iran, World Powers Reach Historic Nuclear Deal [VIDEO]

After 20 months of negotiations, four target dates and three extensions, Iran, the United States, China, France, Germany, Russia and the United Kingdom announced that they reached a historic deal on Tuesday that will limit Tehran’s nuclear ability, in exchange for lifting international oil and financial sanctions. Share This ArticleFacebookGoogle+TwitterPinterestLinkedinemail

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