Denial, Fear and Dictatorship: Egypt’s Coronavirus Disaster

Denial, Fear and Dictatorship: Egypt’s Coronavirus Disaster

Every country has struggled to come to terms with the reality of a deadly pandemic. Iran’s Supreme Leader Ayatollah Ali Khamanei’s first reaction was to call coronavirus a “ridiculous disease” used as a pretext by Iran’s enemies to discourage people from voting in parliamentary elections. Two days later he recommended a prayer to fight the disease….

NATO Exercises Defying Coronavirus Reveal Desperation

NATO Exercises Defying Coronavirus Reveal Desperation

The planned NATO military exercise in Europe, “Defender 2020,” will be held on a reduced scale because of the coronavirus pandemic. Defender 2020 will have the participation of 18 NATO countries, cover 4,000 kilometers of convoy routes and rely on 10 European countries to host exercise activities, with the U.S. originally sending a total of 37,000…

Coronavirus becomes One of Biggest Challenges for USA in Modern History

Coronavirus becomes One of Biggest Challenges for USA in Modern History

According to CNN, “the coronavirus emergency is fast transforming into one of the gravest political and societal challenges of the modern age” but US leaders “are only just beginning to understand the gargantuan task before them.” The pandemic will be a much bigger test for USA’s economy and health system than predicted earlier on. And…

The Great Economic Depression of 2020: No Lessons Learned as Central Banks’ Bazookas Dribble or Misfire

The Great Economic Depression of 2020: No Lessons Learned as Central Banks’ Bazookas Dribble or Misfire

After 2008, we were promised that too-big-to-fail caused by too much debt, credit, and leverage was history. Covid-19 exposed Wall Street’s culture of “Heads I win, tails you bail me out.” That’s not capitalism, it’s extortion. Are globalization’s new record highs a minefield-filled Potemkin village? In 2020, financial markets have set numerous records. In January,…