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America, Pakistan, Drone Politics

April 23, 2011 admin 0

A US predator drone strike killed 25 people in the village of Spinwam in North Waziristan on April 23. The dead included at least five children and four women. In response to mounting public outrage, Pakistan’s government has repeatedly denounced the US drone strikes in recent months, calling them “unhelpful” Read more ………

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Britain in Debt Trap..?

April 23, 2011 admin 0

By Jean Shaou The Conservative-Liberal Democrat coalition, the Labour opposition and media commentators are all agreed that public expenditure has become unaffordable, unsustainable and a drain on the economy. As the Guardian put it, “There is no serious dispute about the need to bring the deficit down, only about the Read more ………

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BRICS summit & Future of US dollar as world reserve currency.

April 16, 2011 admin 0

The third BRICS summit of—Brazil, Russia, India, China and South Africa—has issued a communiqué declaring that the international financial crisis had “exposed the inadequacies and deficiencies of the existing international monetary system” and called for reform, based on a “broad-based international reserve currency system providing stability and certainty.” The summit Read more ………

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IMF report points to global economic fragility

April 14, 2011 admin 0

By Nick Beams Two years into a supposed recovery, not only have none of the underlying contradictions that sparked the deepest economic and financial crisis since the Great Depression been resolved, but new problems are emerging. The headline on the latest World Economic Outlook (WEO) report from the International Monetary Read more ………