- Aleppo onslaught: 'Everyone expects it to get worse' April 30, 2016
- Inside Spain's Utopia April 30, 2016
- Syria truce comes into effect but Aleppo excluded April 30, 2016
- India drought: Bihar state bans daytime cooking April 30, 2016
- A trip back in time on Lebanon's disappearing railway April 30, 2016
- Vote counting under way in Iran's parliamentary runoff April 30, 2016
- US: Strike on Afghanistan MSF hospital not a war crime April 30, 2016
- UN demands restoration of UN mission in Western Sahara April 30, 2016
- California protesters surround Donald Trump rally April 30, 2016
- Sinai: An enduring risk April 30, 2016
- SNOWDEN Movie Trailer: Can Oliver Stone Make Whistleblowing Suspenseful?
- iPhone Ruse: FedGov Now Demands Backdoor To All Devices
- In Syria, US Rejects Russia Call To Name al-Qaeda Allies ‘Terrorist’
- Ukraine’s Rightists Return to Odessa
- Sanctions and Defiance in North Korea
- Is This What’s in Those 28 Pages? And Does it Matter?
- Wartime Washington Lives in Luxury… Guess Who Pays the Bills?
- The US Is Dropping Bombs Faster Than It Can Make Them
- Escalation Without Representation: Syria, Iraq, and Black Sea
- Contractor Hired Former African Child Soldiers To Guard US Forces in Iraq
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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