WASHINGTON: The US military carried out 5,316 flights in Libya since the allied “Operation Unified Protector” began, comprising 27 percent of all NATO missions, the Pentagon said Monday. The United States, which initially led the…
Category: Global Issues
American folk singer James McMurtry’s song “God Bless America” contains the lyrics:”Negotiation’s just no fun And it don’t serve our interests non Gonna turn up the heat till it comes to a boil So we…
“Open Your Eyes: the Euro and Europe are on the Edge of the Precipice” “We believe that the market has now entered a major downtrend. It is a mistake to dismiss the slide we’ve seen…
Israel’s aggressive response to a series of suicide and roadside bomb attacks near the Red Sea resort of Eilat on Thursday has exacerbated tensions with both the Palestinians and its neighbour, Egypt. The attacks killed…
Voltaire Network, Monday, August 22, 2011, 13:20 GMT – Voltaire Network is concerned about the threats targeting two of its team members in Tripoli. Mahdi Darius Nazemroaya, Research Associate, Centre for Research on Globalization, and…
America’s current tax system forces people making $50,000 a year to pay a higher rate than hedge fund managers making $2.4 million [4] an hour. Warren Buffett penned an op-ed [5] last week declaring that America’s super-rich have been…
What just happened in the stock market? Earlier this month, the Dow Jones Industrial Average rose or fell by at least 400 points for four straight days, a stock market first. The worst drop was…
Learn more about Disney’s creeping cultural hegemony – read “The Mouse That Roared [3],” Truthout’s Progressive Pick of the Week, reviewed in this article. In American culture, Disney has become synonymous with childhood. Present-day grandparents…
As to currency manipulation, the Fed has manipulated the dollar through near-zero interest rates and lax credit policy. The manipulation of interest rates is an indirect manipulation of exchange rates. The US dollar at one point depreciated from roughly $0.80 against the euro to $1.60 in April 2008. Today, the Fed is again forcing a depreciation of the dollar relative to the yen, euro, and other currencies. Yet, these trading partners have not even made a peep in protest.
It is traditional for politicians to blame foreigners for problems that their own policies have caused. And in today’s zero-sum economies, it seems that if America is losing leadership position, other nations must be the…