Crashing Currency Chaos Spreads Across the Global South

Crashing Currency Chaos Spreads Across the Global South

The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks. Argentina’s problem is mostly to do with the neoliberal austerity…

Will Someone in Washington Play the Ace of Spades before November?

Will Someone in Washington Play the Ace of Spades before November?

With regard to American foreign and security policy, President Donald Trump presents a paradox. Aside from some harsh bluster (“fire and fury” directed towards Pyongyang in the lead-up to an unprecedented US-North Korea summit), Trump generally seems to want more peaceful ties with the rest of the world and an end to wasteful and dangerous…

US Cuts All Funding for UN Agency That Helps Palestinian Refugees

US Cuts All Funding for UN Agency That Helps Palestinian Refugees

The United States on Friday cut funding to the UN agency that supports Palestinian refugees, saying its business model and fiscal practices were an “irredeemably flawed operation”. “The administration has carefully reviewed the issue and determined that the United States will not make additional contributions to UNRWA (United Nations Relief and Works Agency),” State Department…