Daily Archive: August 20, 2018

Turkey’s Financial Crisis Raises Questions About China’s Debt-Driven Development Model

Financial injections by Qatar and possibly China may resolve Turkey’s immediate economic crisis, aggravated by a politics-driven trade war with the United States, but are unlikely to resolve the country’s structural problems, fuelled by President Recep Tayyip Erdogan’s counterintuitive interest rate theories. The latest crisis in Turkey’s boom-bust economy raises questions about a development model in which countries like China...

Afghan “Viceroy”? Trump Mulling Blackwater Founder Erik Prince’s Plan to Privatize Longest War

Alexander the Great couldn’t do it. Genghis Khan couldn’t do it. Neither could the British Empire nor NATO and the US military machine. But Erik Prince thinks he can stabilize Afghanistan with his latest mercenary empire?  “I think it will make Erik Prince billions of dollars while he loses the war for us,” a congressional aide told The Atlanticof the Blackwater founder’s...