While tensions between the United States and Iran have eased somewhat following President Trump’s assassination on 3 January of Iranian general/ number two political leader Qasem Soleimani, Washington has warned more killing of Iranian officials remain a U.S. policy option. Speaking at the annual Davos meeting in Switzerland last week, U.S. Special Representative to Iraq,...
Tag: 28 January 2020
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GLOBAL CORRUPTION INDEX: HOW LOW CAN YOU GO?
America, the land of the free and the home of the brave that wages wars to bring freedom and democracy to nations across the globe, and overthrowing “corrupt” leaders has slipped in the international corruption ranking index. In Transparency International’s annual Corruption Perceptions Index, the U.S. dropped two points to 27th place among the world’s...
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IRAQ: PROTESTS AND THREATS
Now in its fourth month, the countrywide demonstrations in which several hundred have been killed and thousands wounded continued this weekend, as hundreds of thousands of Iraqi citizens took to the streets. Lacking jobs and basic living standards, and calling for new elections and an end government corruption, the demonstrators were beaten and killed by...
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CHINA: BANKSTER BLUES
More banks need bailouts. China’s lax banking regulations have led to decades of bad loans, corruption, and mismanagement. Now, according to UBS Research, more than 24 of the nation’s banks need $339 billion in rescue funding to have 12.5 percent of their at-risk portfolio balanced by cash – the global standard for safe practice. Although...
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INDIA: MASS PROTESTS CONTINUE
On Sunday, millions of Indian citizens continued the two months-long protests against the passage of the Citizenship Amendment Act, spearheaded by Prime Minister Narendra Modi’s ruling Hindu nationalist party, which grants citizenship to religious minorities – except Muslims – from neighboring countries. Some seven million people in the state of Kerala formed a human chain that...
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FRANCE
Last week, as President Emmanuel Macron presented his controversial pension plan to his council of ministers, thousands of union members from the rail and transport sectors ended their six-week strike, citing the financial stress of staying off the job. Many of the public transportation workers who had been protesting, but returned to work out of...
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LEBANON: NEW GOVERNMENT, SAME OLD STORY?
The ongoing protests against lack of jobs, a decaying economy, and government corruption that began on 17 October last year, and forced its Prime Minister Saad Hariri to resign, continues. Despite the announcement by Hassan Diab, the new Prime Minister, of his appointing 20 new ministers whom he vowed to work with to solve protesters’...
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VENEZUELA: GUAIDÓ FADING
Juan Guaidó, who with U.S. backing and that of some 50 nations, claims to be the legitimate president of Venezuela, received a cool reception at the recent meeting of government and financial leaders in Davos. Despite his recent meeting and endorsement by U.S. Secretary of State Mike Pompeo last week, as reported in the Trends Journal,...
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MONETARY METHADONE: REPO RESCUE TOPS $6 TRILLION
The Federal Reserve Bank of New York has pumped $6.6 trillion into major financial trading houses in the last five months through the repo market (repurchase agreement) market, according to data posted on the bank’s website. The first week of the current repo rescue was last 17 through 24 September, when the repo interest rate...