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Tag "Economy"

Ramadan in Yemen: World Food Programme Aid Rots as Millions Grapple With Hunger

    Ramadan in Yemen: World Food Programme Aid Rots as Millions Grapple With Hunger

SANA’A, YEMEN — Carrying a rosary in one hand and keying in items on a cash register with the other, Abd al-Karim al-Atimi stands in his small shop on Airport Street in Yemen’s capital city of Sana`a. His customers rarely pay in cash, instead relying on an honor system in which items are marked down…

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Amid Famine and Economic Collapse, Major Protests Against Saudi-Led Coalition in Yemen

    Amid Famine and Economic Collapse, Major Protests Against Saudi-Led Coalition in Yemen

YEMEN — Hundreds of thousands of Yemen`s people took the streets of big cities on Friday to demonstrate against the U.S.-backed and Saudi-led coalition in the wake of the spread of famine throughout the country.  They accuse the coalition of causing that famine. To the country’s north, thousands of residents of four provinces — including…

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Global De-Dollarization Spells Jolts and Crises for US Economy

    Global De-Dollarization Spells Jolts and Crises for US Economy

BEIJING — In January, President Donald Trump took to Twitter to denounce Pakistan’s commitment to fighting terrorism. Twenty-four hours later, Pakistan’s central bank announced that it no longer would use the U.S. dollar in international transactions, and would instead switch to the Chinese yuan. Four months later, in response to the Trump Administration’s withdrawal from…

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A Greedy Economy on Borrowed Time: America Under the Sword of Damocles

    A Greedy Economy on Borrowed Time: America Under the Sword of Damocles

NEW YORK — On the afternoon of December 31, 1999, I boarded a flight from Chicago O’Hare airport for San Francisco International and found myself seated next to a bear of a man, who, at 6 feet 6 inches tall, and more than 300 pounds, squeezed into the middle seat of an emergency row. His…

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Trump Trade War on China Likely to Roil World Markets While Spurring China’s Development

  Trump Trade War on China Likely to Roil World Markets While Spurring China’s Development

BEIJING – The United States’ ongoing attempts to wage a trade war on China will likely fail in terms of scuttling the growing East Asian economy’s hopes to improve its manufacturing base, yet many fear that the ongoing trade war between the two will derail world economic growth and ultimately harm all parties involved. Such…

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Tenth Anniversary Of Financial Collapse, Preparing For The Next Crash

  Tenth Anniversary Of Financial Collapse, Preparing For The Next Crash

Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of the presidential campaign between Barack Obama and John McCain and was followed by protests that created a popular movement,…

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America’s Record High Suicide Rate Reflects Declining Economy, Culture

  America’s Record High Suicide Rate Reflects Declining Economy, Culture

ATLANTA, GEORGIA — As the Maryland lawyer remembers it, the call came from his mother a few years back. After a few financial setbacks, the lawyer’s younger, adult brother had moved back in with his mother but he hadn’t been himself of late. He slept away much of the day, and when he was awake,…

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Iranians Are Bracing Themselves for an All-Out Economic War

  Iranians Are Bracing Themselves for an All-Out Economic War

The minute you set foot in the streets of Mashhad, the air smelling of saffron, a fine breeze oozing from the mountains, it hits you; you’re in the heart of the Ancient Silk Road and the New Belt and Road Initiative (BRI). To the east, the Afghan border is only three hours away on an…

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How America’s Fifth Column Will Destroy Russia

  How America’s Fifth Column Will Destroy Russia

From the standpoint of Russia’s dilemma, this is an important column.  Putin’s partial impotence via-a-vis Washington is due to the grip that neoliberal economics exercises over the Russian government. Putin cannot break with the West, because he believes that Russian economic development is dependent on Russia’s integration within the Western economy. That is what neoliberal…

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Wall Street Admits Curing Diseases is Bad for Business

  Wall Street Admits Curing Diseases is Bad for Business

Goldman Sachs has outdone itself this time. That’s saying a lot for an investment firm that both helped cause and then exploited a global economic meltdown, increasing its own wealth and power while helping to boot millions of Americans out of their homes. But now Goldman Sachs is openly saying in financial reports that curing people…

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