2013: What is the United Nations Organization For? The United Nations Organization was founded in 1945 to stop conflicts and provide a forum for debate, discussion and dialogue for crisis management. It costs…
Tag: crisis
Lew received $900,000 bonus after bailout and played a role in betting against the housing market, triggering subprime crisis. President Obama’s pick to replace Timothy Geithner as Treasury Secretary has his own baggage. Jacob…
Assad at the Opera House Easy walking distance from this observer’s hotel near the city center, the Damascus Opera House, the site of yesterday’s Presidential address, was inaugurated in May of 2004 by the President…
Some four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as “black boxes” that may still be concealing enormous risks—the sort that could…
Who does the US money belong to? The United States is the only state in the world destitute of the right to issue its own currency. The role of central bank is carried…
One of the Main Indicators of Financial Danger Has Increased The failure to regulate the shadow banking system was one of the causes of the financial crisis. As we noted in 2009, the Bank for International…
Whoops. Rupert Murdoch’s unchaperoned tweeting was bound to get him into trouble. On Saturday, he slipped into an antisemitic usage: “Why is Jewish-owned press so consistently anti-Israel in every crisis?” What Murdoch was doing was…
In shocking address, Congressman blasts “Our Constitution has failed” In an over 45 minute long marathon address on the House floor yesterday, Congressman Ron Paul said farewell after a 36 year long career…
China’s economy will be biggest in world by end of 2016, says leading international thinktank China will overtake the US in the next four years to become the largest economy in the world,…
Sanctions imposed on Iran’s banks and financial institutions could lead to a humanitarian crisis. During their debate about foreign policy last Monday, President Barack Obama and his Republican challenger Mitt Romney both agreed that the crippling unilateral sanctions imposed on Iran by the the United States and its allies must continue, until the Islamic Republic recalibrates its nuclear ambitions. Both seem to have also adopted Israeli Prime Minister Binyamin Netanyahu’s favoured refrain that “Iran must not be allowed to acquire a nuclear capability” and that such a capability constitutes a “red line” not to be crossed at any cost. Previously the inveterate refrain had been “Iran must not be allowed to acquire a nuclear weapon”. The definition of “capability” has continued to remain vague and ill-defined, and a number of analysts have concluded that the Islamic Republic is already nuclear capable and has all the necessary components it would need in order to assemble a bomb if it so desired. Once a country has mastered enrichment technology it is generally accepted that the decision to weaponise largely becomes a political one.