Pakistan at a Crossroads as Imran Khan Is Sworn In

Criticism of Pakistan’s anti-money laundering and terrorism finance regime by the Asia Pacific Group on Money Laundering (APG) is likely to complicate incoming Pakistani prime minister Imran Khan’s efforts to tackle his country’s financial crisis. Addressing the criticism of the 41-nation APG, which reports to the Financial Action Task Force (FATF), an international anti-money laundering …

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Is the US Beheading the Turkish Economy as an Act of Terror?

The US continues to play its poker game of “Show Down” with a growing list of unhappy countries. We are at the point where we might soon see a call to rename the US… to the United States of Sanctions, the USS. Turkey is getting most of the publicity now with its currency and economy …

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Caspian Deal Highlights Shift in Azerbaijan

As the US/Turkish relationship deteriorates it is having spillover effects around the region. Turkish President Recep Tayyip Erdogan’s continued defiance of US’s demands have placed Turkey in the cross-hairs of a vicious hybrid-war attack on the country’s fragile economic foundation. So, I find it very interesting that during the week of the greatest turmoil in …

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© Ismail Taxta / Reuters

World Is Drowning in Debt and It Spells Disaster for Everyone

The entire planet is swimming in debt, yet no one seems to criticize the system itself as being fundamentally flawed. “A man in debt is so far a slave,” American essayist Ralph Waldo Emerson once reportedly said. In light of this statement, I contend that I don’t need to have a college degree in economics …

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A teller holds Turkish lira banknotes at a currency exchange office in August 2018 (Yasin AKGUL / AFP)

Turkey’s Currency and Debt Crisis Has Been Years in the Making

After decades of stagnant growth, President Recep Tayyip Erdogan’s ruling AKP party turned around Turkey's economy in the early 2000s. It was a boom underscored by easy borrowing that prioritised loans to the construction sector over capital intensive areas like manufacturing and IT development. 'The administration knew that a slowdown was on the cards, and[that's]why …

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He Can’t Win It for Technical Reasons, But PM Abiy Deserves the Nobel Peace Prize

The Ethiopian premier can’t win this year’s Nobel Peace Prize for technical reasons, but he nevertheless deserves global recognition for his peacemaking successes. The Nobel Committee will award its eponymous Peace Prize on 5 October, and while Ethiopian Prime Minister Abiy certainly deserves this more than anyone else, it’s impossible for him to receive it …

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Decline in the Fall (Or Late Summer, Anyway)

I am not sure why people write columns. Partly from boredom, I suppose, or lack of anything better to do. Partly from exasperation. Yet partly from the hope that if enough people collectively become aware of problems, they might, just maybe, do something about them. I can’t believe this any longer. Today’s crimes, lunacies, and …

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The Catch-22 of African Migrants in “Israel”

The issue of African migrants in “Israel” is a tricky one for both the Zionist entity and the original Palestinian inhabitants because each party to the conflict could exploit these individuals for strategic use against the other in spite of there being differing arguments on both sides to simply expel them back to their homelands. …

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