- Pacquiao eyes final fight before hanging up his gloves October 7, 2015
- Iraqi forces recapture areas from ISIL around Ramadi October 7, 2015
- Corruption, financial woes hurting Zimbabwe's football October 7, 2015
- Trio wins Nobel in chemistry for work on DNA repair October 7, 2015
- Violent clashes hit West Bank after stabbings October 7, 2015
- Cartoon war over Russia's role in Syria October 7, 2015
- Russian warships join Syria war with rocket attacks October 7, 2015
- Australia: Bringing Them Home October 7, 2015
- Life inside the Philippines' prison without walls October 7, 2015
- Nishikori, Wawrinka advance in Japan October 7, 2015
- Brzezinski Urges US to ‘Retaliate’ Against Russian Forces in Syria
- Urdu Speakers at Border Spun as ISIS Infiltration Through Mexico
- 22 People Killed by US Airstrike on Doctors Without Borders Hospital in Kunduz, Afghanistan
- Canada’s Special Forces
- Afghan Twitter Firestorm
- Who’s Fighting Whom in Syria
- Ron Paul on: Assad Must Go; Assad Must Stay. Who’s Right?
- Ron Paul on Intel Analysts: US Fixing Facts Around Policy
- Ten Reasons to Oppose the Saudi Monarchy
- Ron Paul: Why Are US Special Forces in 81 Countries?
Khanfactor ShopMake Custom Gifts at CafePress
- Europe needs many more babies to avert a population disaster
- FBI says ‘Australian IS jihadist’ is actually a Jewish American troll named Joshua Ryne Goldberg
- India ‘covering up abuses’ in Kashmir: report – Al Jazeera – 10 Sep.15
- The Face of a Boy by URI AVNERY
- Madness Down Under: Abbott’s Syrian Refugee Solution by BINOY KAMPMARK
- kf presents
- Middle East
- Religion of Abraham
- South Asia
- Total Stats
- 963 Posts
Category Archives: Economics
To put a seal on Obama’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 (“willful killings and willful causing great suffering” to the civilian population and “collective punishment intentionally inflicted by the government of Israel on the people of the Gaza Strip”), 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 fund… …a year’s worth of health care for 117 million Americans ($7,439/person) …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