The United States is the biggest foreign investor in the United Kingdom, and US firms regard the nation as a base for trading with the rest of the European Union. The US and the UK each have about a half trillion dollars’ worth of foreign direct investment and employ about a million workers in the...
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Iraq’s soccer team defeated Australia and advanced to the quarter finals in the Asia Cup. And despite a bitter civil war, Iraqis unite in cheering for their team. “If the team, which includes Sunni Arabs, Shiites and Kurds, can play together, then maybe the country can bridge the bloody hatreds...
BAGHDAD: Even on the hottest summer afternoons, when men doze in doorways and children cry from heat rashes, the dusty tracts along the Tigris and the littered wastelands in poor neighborhoods are a welter of...
The recent G-20 summit was significant not only as a representation of how globalized the world has become – China, India, Brazil, Saudi Arabia, and other developing countries sat down with the US, the EU, and Japan – but also that there was sufficient agreement to plan a further meeting. But, as...
Spot the difference: US president has moved to the second row - symbolic change showing a new world?
LONDON: The prime achievement of this month’s G-20 summit, in long-term, historical terms, may turn out to be...
Japan’s economy shifted from being the envy of the world in the 1980s to today's case study in stagnation. The country's nominal GDP for 2015 is mostly unchanged from levels in 1995 even as the US nominal GDP grew by more than 130 percent, reports the Economist. “To reflate Japan and...
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Europeans and their leaders increasingly struggle over integration. Writing for New Statesman, Brendan Simms and Timothy Less remind that such struggles have historical precedents, including the breakups of Austria-Hungary, Yugoslavia and the Soviet Union. Those examples are used to analyze a...
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“Free trade” conditions accompany foreign aid, forcing the poor farmers in developing countries to compete with subsidized crops produced by powerful wealthy nations. In following the strict conditions to secure aid, Malawi had to battle starvation. Frustrated, Malawi defied World Bank policy in...
Click here for the original article on The Los Angeles Times.
Cap-and-trade of carbon, preferred by governments, will not reverse global warming because it does not effectively reduce carbon emissions, according to NASA scientist Jim Hansen. Rather, it creates a situation ripe with opportunities to exploit loopholes, enrich traders, and lower public...
Enemy no. 1: What is needed is a moratorium on coal-fired plants, not cap-and-trade
NEW YORK: Western governments are pretending to take actions that alleviate climate change. But their ‘cap-and-trade’ approach is a minuscule tweak to business-as...
Al-Shabab is reported to have attacked an African Union military Base in a small town west of the capital of Mogadishu: “Kenya contributes more than 4,000 troops to the 22,000-strong AU force that is in Somalia helping the UN-backed government battle al-Shabab, which is part of al-Qaeda,” reports...
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