By Michael Snyder The President of France has come up with a very creative way of solving the European debt crisis. On Sunday, a piece authored by French President Francois Hollande suggested that the ultimate solution to the problems currently plaguing Europe would be for every member of the eurozone to transfer all of their … Continue reading
By James Borton The South China Sea remains at the epicenter of one of the most volatile maritime areas in the world with little or no agreement on sovereignty claims to ownership of atolls, submerged banks, islands, reefs and rocks. Yet South China Sea fishermen, marine biologists and policy shapers agree that without an end to … Continue reading
Argentina’s Central Bank will roll out a newly designed controversial 50-peso bill which features a map of the disputed Falkland Islands, also know as the Islas Malvinas in Argentina, a British overseas territory which Buenos Aires claims sovereignty over. Argentine president Cristina Kirchner announced the creation of the newly designed 50-peso note last April during a ceremony marking the 32nd … Continue reading
By Naubet Bisenov Kazakh President Nursultan Nazarbayev has ordered his government to adopt new “anti-crisis” measures including cutting budget spending by 10% in order to overcome the current economic difficulties. Nevertheless he claimed that “there is no economic crisis in Kazakhstan” and blamed the “global” economic crisis for the country’s economic troubles. At a government meeting … Continue reading
By Garikai Chengu Under the late King Abdullah, Saudi Arabia played a role most treacherous in world affairs: its oil fueled U.S. militarism and its money funded Islamic extremists. Saudi Arabia is perhaps the greatest inherent contradiction of U.S. foreign policy. Prior to the 20th century, the value of money was tied to gold. When … Continue reading
By Daily Kos Blog It’s hard to figure out the state of the dollar these days. On one hand it is strengthening so quickly that it threatens to hurt exports, and there is even talk of a bubble. The market is so hungry for the safety and liquidity of Treasuries that interest rates are being crushed to … Continue reading
By William Camacaro and Frederick B. Mills Introduction: A Decisive Battle is at Hand In a speech outside the Miraflores palace on January 17, 2015, upon his return from a twelve day trip abroad, President of the Bolivarian Republic of Venezuela Nicolas Maduro Moros addressed an expectant crowd of well wishers. Seizing the moment in … Continue reading
By Donald R. Rothwell The ongoing disputes between the Philippines and China in the South China Sea are about to reach a critical point. In January 2013 the Philippines activated procedures under Article 287 and Annex VII of the 1982 UN Convention on the Law of the Sea (UNCLOS) over a dispute about the validity of … Continue reading