- Tunisia PM Habib Essid loses no-confidence vote July 30, 2016
- Why is Guatemala one of the world's happiest countries? July 30, 2016
- Protests in Burundi after UN decides to send police July 30, 2016
- Confusion over 'humanitarian routes' in Syria's Aleppo July 30, 2016
- Can tension in Armenia be contained? July 30, 2016
- US: Several feared dead in Texas hot air balloon crash July 30, 2016
- Tunisia: PM Essid faces no-confidence vote July 30, 2016
- Scores dead, millions affected as floods hit India July 30, 2016
- Australians rally against youth detention abuses July 30, 2016
- Philippines' Duterte calls off truce after rebel attack July 30, 2016
- Chris Coyne: What is the Military Industrial Complex?
- US Awards $1.7 Billion Contract To Buy Radios for Afghan Army
- Ron Paul Asks: Just Who Is The War Party?
- The Secret Rules That Allow the FBI To Spy on Journalists
- Sheldon Richman on NATO’s Broken Promise
- Free Speech and Political Conventions
- Did Russian Intelligence Hack the DNC Servers?
- Ron Paul Asks: Can Bombs Win War on ISIS?
- Like the F-35, US Latest and Most Expensive Aircraft Carrier Doesn’t Work
- Defeating Islamic Terrorism. Here’s How…
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- The Muslims Are Coming! The Muslims Are Coming! The Muslims Are Coming!
- Russia’s War Against Crimean Tatars
- Muslims Are Not Terrorists: A Factual Look at Terrorism and Islam
- Islamophobe On Tumblr Gets Completely Owned
- US-led coalition air strikes in Syria ‘kill 77 civilians mistaken for Isis fighters’
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Category Archives: Economics
To put a seal on Obamaâ€™s humiliation at the hands of right-wing Israeli politicians Bibi Netanyahu and Avigdor Lieberman, the Obama administration sidelined the Goldstone Report detailing war crimes during the Gaza war (â€œwillful killings and willful causing great sufferingâ€ to the civilian population and â€œcollective punishment intentionally inflicted by the government of Israel on the people of the Gaza Stripâ€), signed a multi-year, $30 billion defense protocol with the Israelis, and rebuked U.S. Middle East negotiator George Mitchell for saying quite accurately that the U.S. had once withheld U.S. loan guarantees as a way showing displeasure at settlement activity. Continue reading
Arab oil-producing nations and some of the world’s largest oil consumers including China and Japan are reliably reported to be planning a long-term exit from pricing their oil trade in US dollars. If true, it would spell the death knell for the dollar as the world’s reserve currency and for the United States as global economic power.
Ever since Washington tore up the Bretton Woods treaty in August 1971 and went onto a “dollar paper reserve system” instead of a dollar backed by gold, the United States, as the world’s most powerful military power, has been able to dictate financial terms to the world. Nations like Japan and later China, dependent on US export markets, would dutifully invest their trade surplus dollars into US government debt, in effect financing wars such as Iraq and Afghanistan, which they opposed. They saw no choice. Continue reading
At this point in time when Capitalist economic solutions have a virtual monopoly in the discussion of economics for both Muslims and kuffar, it is critical that a working alternative model is presented to the world. As the recent Credit … Continue reading
With $872.6 billion, the cost of the conflicts in Iraq and Afghanistan so far, the United States could fundâ€¦ Â â€¦a yearâ€™s worth of health care for 117 million Americans ($7,439/person) â€¦one year of public elementary school for 116 million children … Continue reading
Experts in Islamic finance believe their way of doing business has shielded them from the global credit crisis.
“We don’t recognise the concept of interest… to look for some profit from trading money,” explains Dr Bambang Brodjonegoro from the Islamic Development Bank.
“In the Islamic concept, money is strictly for the purpose of exchange or storing value, but not for the transaction of looking for excessive profit,” he says.
Vatican says Western banks should look at rules of Islamic finance to restore confidence amongst clients. Continue reading