It is the first time since 1913 that Canada has resettled over 300,000 new permanent residents in one year. Canada’s government has reportedly pledged to keep to its target of accepting 300,000 immigrants over the next year, with the total number above the average of 259,542 immigrants admitted …
Read More »Eurozone Banks to Tighten Access to Corporate Lending
Eurozone banks are set to tighten access to corporate credit for the first time in 2-1/2 years as they become more wary of risk and negative interest rates eat into their profit, a European Central Bank survey showed on Tuesday. Banks stopped easing credit standards for enterprises in …
Read More »Trump-Clinton Won’t Be a Landslide. The Economy Says So
While Hillary Clinton is the consensus of most Democrats, from activists on up to the establishment, Donald Trump is the Republican candidate whom many Republicans want to avoid. His feuding with the Bush family and the pointed nonendorsements from Ted Cruz and Mitt Romney brought about a contentious …
Read More »Globalization and the West: Coping With the Politics of Anger
For better or worse, we are living in exciting times. On the one hand, globalization and rapid technological change are creating huge opportunities. On the other hand, the gains are not evenly distributed. The major winners are: 1. Hundreds of million people in formerly closed economies who have been …
Read More »Reconstruction of war-torn Yemen ‘could cost $15 billion’
The reconstruction of war-torn Yemen could cost $15 billion, a cabinet minister said on Tuesday, citing a multilateral institution. “The World Bank estimates… $15 billion,” Abdulraqeb Saif Fateh, Yemen’s minister of local administration, told AFP on the sidelines of a workshop on Yemen’s post-war recovery. He gave no …
Read More »Can Turkey and Russia Together Make a Difference in Syria?
This is the season of “resetting” if seen from the angle of Syria’s stormy weather. The US seems to be stepping back from its unrealistic rush to enact an elusive ceasefire even at the expense of giving the Russians more space to lead, the Russians understand that if …
Read More »Will Russia and Saudi Arabia Cut back Oil Production?
Oil rates have recently witnessed fluctuations after reported intentions of Saudi Arabia and Russia cutting back their production to support oil prices. Rates increased after OPEC announced collaboration supporting oil prices side by side with extra-OPEC producers. London and New York based oil markets had closed weekly trade …
Read More »What’s Really Going on with Oil?
F. William Engdahl If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil. Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 …
Read More »Sanctions On Iran Over Nuclear Program Lifted, New Sanctions Over Missile Test Imposed
The new sanctions prevent 11 entities and individuals linked to the missile program from using the US banking system. The move came after international nuclear sanctions on Iran were lifted as part of a deal hailed by President Barack Obama on Sunday as “smart”. Four American-Iranians were also …
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