By Daily Kos Blog It’s hard to figure out the state of the dollar these days. On one hand it is strengthening so quickly that it threatens to hurt exports, and there is even talk of a bubble. The market is so hungry for the safety and liquidity of Treasuries that interest rates are being crushed to … Continue reading
A survey compiled by UCAB (Andrés Bello University), UCV (Central University of Venezuela), and USB (Simón Bolívar University) shows that the Venezuelan economic crisis, dominated by galloping inflation, was harsher on the most vulnerable sectors of the country last year. A survey found that 1.7 million households live in extreme poverty conditions. By EL UNIVERSAL … Continue reading
Russian Railways is launching a new passenger route between Moscow and St. Petersburg featuring two-storey rail cars. The first voyage will set off from St. Petersburg on Sunday evening. By Sputnik MOSCOW, January 31 (Sputnik) — A new St. Petersburg-Moscow passenger train route being introduced Sunday evening will feature bilevel (two-storey or ‘double decker’) rail cars, … Continue reading
US President Obama stated that the United States took an active part in the February 2014 coup in Ukraine, which installed pro-Western authorities. . By Sputnik News The United States took an active part in the February 2014 coup in Ukraine, which installed pro-Western authorities, US President Obama told CNN Sunday. “And since Mr. Putin made this decision … Continue reading
China has announced its Purchasing Manager’s Index (PMI) for January showed a contraction in the factory sector for the first time in almost two and a half years. By Sputnik MOSCOW, February 1 (Sputnik) – China’s National Bureau of Statistics (NBS) on Sunday released data showing that the country’s manufacturing activity shrank in January for the first time since October … Continue reading
By Michael Welton The mood of our uneasy times is incredibly bellicose, dark, apocalyptic and vengeful. The “war on terror” is like a virus that infects everything it touches. And it does seem to touch everything, from our popular television shows, to getting across borders, travelling overseas somewhere. You can’t read the Sunday paper without feeling … Continue reading
By The World Bank Growth in Latin America and the Caribbean (LAC) has become increasingly dependent on activity in China, partly as a result of heavy reliance on commodity exports. A 1 percentage point deceleration of growth in China has been associated with a 0.6 percentage point slowing of growth in the LAC region. Growth … Continue reading
By Brian Padden Officials in Moscow say Kim Jong Un will attend celebrations in Russia in May marking the Soviet victory over Germany in World War II. The decision by the North Korean leader to go to Russia before visiting his chief ally China could indicate a breach in the Sino-Korean relationship. The news that Kim … Continue reading
By Oleg Reschikov The Islamic Republic of Iran has for many years suffered from significant multifaceted pressure from the West. Persistence and resourcefulness has allowed Iranian businesses and Iran as a whole to skillfully overcome the barriers erected by US and European sanctions. With the resumption of Iran’s nuclear program in 2005, the ring of sanctions … Continue reading
By Anita Powell Many topics are up in the air at this year’s African Union summit among them, literally: air. For nearly three decades, African aviation officials have tried, and failed, to get the continental body to implement an agreement to make the entire continent one connected, free airspace for civilian aircraft. Proponents say that enacting … Continue reading