Tag: current affairs – international

Putin enables the lifestyle of Russia’s elite – until they lose faith, there is little hope of peace

Olga Chyzh A year into its war, Russia is not any closer to accomplishing its objectives in Ukraine. And yet, to the surprise of western observers, neither battlefield losses nor economic misfortunes have softened its initial demands of demilitarisation and regime change in Ukraine. If there is one thing that’s clear, even in the proverbial fog… Read More Putin enables the lifestyle of Russia’s elite – until they lose faith, there is little hope of peace

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French anger spreads after Macron forces pension age rise

Strikes escalate and MPs call for protection as interior minister warns protesters against wreaking havoc Angelique Chrisafis in Paris Refinery strikes have escalated in France as the interior minister spoke of protesters wreaking havoc across the country and some MPs called for police protection, amid anger at the government pushing through a rise in the pension age without… Read More French anger spreads after Macron forces pension age rise

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Food corporations paid shareholders $53.5bn while millions went hungry

Without food sovereignty, private businesses will continue profiteering at the expense of the planet Davi Martins Imagine being able to provide food, shelter, medicine and clean drinking water for the 230 million most vulnerable people on Earth, and still having a cool $2bn in spare change. That’s the equivalent of the entire economic output of… Read More Food corporations paid shareholders $53.5bn while millions went hungry

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The Dollar and Empire

How the US dollar shapes geopolitical power Herman Mark Schwartz What does the US dollar’s continued dominance in the global monetary and financial systems mean for geo-economic and geo-political power? In a recent article, Yakov Feygin and Dominik Leusder question whether the United States actually enjoys an “exorbitant privilege” from the global use of the USD… Read More The Dollar and Empire

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Myanmar is a failing state, led by a junta fuelled by Russian arms, says UN rights envoy

Myanmar is a “failing state” and the crisis is getting exponentially worse, a UN special rapporteur for the country has warned, urging countries to adopt the same unified resolve that followed the invasion of Ukraine. “The same types of weapons that are killing Ukrainians are killing people in Myanmar,” Tom Andrews, special rapporteur on the… Read More Myanmar is a failing state, led by a junta fuelled by Russian arms, says UN rights envoy

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More than £75bn wiped off FTSE 100 amid Credit Suisse crisis

More than £75bn was wiped off the FTSE 100 on Wednesday, as Swiss authorities stepped in to reassure panicked markets over the health of the embattled European banking giant Credit Suisse. The Swiss central bank and its financial markets regulator issued a joint statement on Wednesday evening, pledging to provide emergency funding if necessary. They… Read More More than £75bn wiped off FTSE 100 amid Credit Suisse crisis

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Money as Empire?

Money and Empire: Charles P. Kindleberger and the Dollar SystemBy Perry Mehrling. Reviewed by Herman Mark Schwartz Money makes the world go round, or as Karl Marx put it, Geldgespräche, Quatsch-Spaziergänge. How does this work at the global or international level? Perry Mehrling’s elegantly written biography of the MIT economist Charles Poor Kindleberger illuminates the relationship between… Read More Money as Empire?

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South Africa downgrades Israeli Embassy over Ongoing Apartheid

Ann Arbor (Informed Comment) – The Middle East Eye reports that the South African parliament has voted to downgrade the Israeli embassy in Pretoria to liaison status. The resolution was introduced by the tiny center-left National Freedom Party, which has only two seats in parliament. Its passage was assured, however, when the African National Congress supported it.… Read More South Africa downgrades Israeli Embassy over Ongoing Apartheid

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Texas youth organizers take aim at the biggest oil field in the US

A first-of-its-kind municipal climate charter in Texas could throw a wrench in US fossil fuel extraction. Residents of a major Texas city just west of the Permian Basin, the largest oil field in the US, will have the chance to vote on the package this spring. If the proposal passes, the city of El Paso would adopt a comprehensive… Read More Texas youth organizers take aim at the biggest oil field in the US

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