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2024-09-28 23:47:40

US Inflation Remained Below Target In August – OpEd
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The Federal Reserve's FOMC voted to lower the federal funds rate target; inflation is reportedly moving toward 2 percent but currently appears below target; PCEPI inflation was 1.1 percent in August 2024; core PCEPI grew at 1.6 percent in August; Fed Chair Jerome Powell indicated no rush to return to neutral policy; estimates for the neutral federal funds rate range from 2.74 to 3.22 percent; current federal funds rate target is 4.75 to 5.0 percent; median FOMC member projected 50 basis points of cuts this year; risks of recession increase if monetary policy remains tight; William J. Luther is the author.
#Inflation #FederalReserve #MonetaryPolicy #Pcepi #Economics #JeromePowell #Recession #InterestRates #WilliamJLuther #August2024
https://www.eurasiareview.com/29092024-us-inflation-remained-below-target-in-august-oped/

2024-09-22 00:46:19

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#note1ux4…4ns0

2024-09-22 00:46:06

Tariffs, Protectionism, And Why Borders Matter – OpEd
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Both Democrats and Republicans support tariffs to protect American industry; New York Times reports bipartisan support for tariffs, reversing decades of trade thinking; tariffs on imports from China are particularly popular; kitchen cabinet makers note Chinese firms hold 40% market share; Rothbard argues protectionism harms consumers and does not create fair trade; free trade is essential for consumer prosperity; Rothbard's views on immigration evolve due to cultural identity concerns; national borders are important for cultural integrity; Rothbard distinguishes between political and economic boundaries; free trade does not require open borders; safeguarding borders does not impede voluntary trade.
#Tariffs #Protectionism #FreeTrade #Bipartisan #Rothbard #CulturalIdentity #NationalBorders #EconomicPolicy #PoliticalBoundaries #ConsumerRights
https://www.eurasiareview.com/22092024-tariffs-protectionism-and-why-borders-matter-oped/

2024-09-22 00:45:32

China’s Mediation Diplomacy Hits A Roadblock In Africa – Analysis
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China's Global Security Initiative (GSI) launched in April 2022 marks a shift from non-interference to a global security role; China National Petroleum Corporation (CNPC) completed a 2000-kilometre pipeline from Niger to Benin in early 2024, aiming for 90,000 barrels of oil per day; pipeline opening delayed from 2021 due to pandemic and regional instability; July 2023 military coup in Niger led to ECOWAS sanctions; project costs exceeded US$5 billion; Niger borrowed US$400 million from CNPC at 7% interest; pipeline crucial for Niger's economy and junta survival; Benin normalized oil flows on May 16, 2024; tensions escalated with Niger shutting down pipeline section on June 9, 2024; rebel group Patriotic Liberation Front threatened pipeline security; CNPC suspended operations after July 18, 2024 abduction of employees; daily losses of US$9 million for CNPC and US$1.8 million for Niger; Niger considers rerouting oil exports, but new projects face high risks; China's cautious future investments in West Africa anticipated.
#China #Africa #Diplomacy #Energy #Oil #Niger #Benin #Pipeline #Investment #Security
https://www.eurasiareview.com/22092024-chinas-mediation-diplomacy-hits-a-roadblock-in-africa-analysis/

2024-09-14 00:45:32

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#note1zqn…5duu

2024-09-03 16:14:11

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#note1fsn…46n0

2024-09-03 16:14:00

Robert Reich: Why Giant Mergers Harm Workers – OpEd
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Robert Reich discusses the harmful effects of giant mergers on workers; highlights the Federal Trade Commission's case against Kroger and Albertsons' proposed $24.6 billion merger; notes that the merger would control 70% of the grocery market in over 150 cities; emphasizes that the merger would reduce workers' bargaining power, leading to lower wages and worse benefits; points out the historical context of anti-monopoly laws established in 1890 and 1914; mentions the decline of union power from over 33% in 1955 to 6% today; cites the need for government to regulate corporate power for the common good; references key figures in the Biden administration, including Lina Khan and Jonathan Kanter, who are fighting corporate concentration; calls for more resources to combat inequality and corporate dominance.
#Mergers #Workers #CorporatePower #Inequality #LaborUnions #Ftc #BidenAdministration #Kroger #Albertsons #EconomicPolicy
https://www.eurasiareview.com/03092024-robert-reich-why-giant-mergers-harm-workers-oped/

2024-09-02 00:12:05

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#note10r8…nvrj

2024-09-02 00:11:54

Iran Nuclear Talks Will Be In New Format – OpEd
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Iran's new foreign minister Abbas Araghchi emphasized a shift in foreign policy priorities under President Masoud Pezeshkian during an interview on August 22, 2024; Khamenei highlighted the need to neutralize sanctions as a primary mission; Araghchi outlined three diplomatic priorities: neighbors, Africa, and allies; Khamenei approved renewed negotiations with the US on August 27; Western powers, including France, Germany, and the UK, expressed readiness for nuclear talks; the JCPOA format is deemed obsolete due to geopolitical changes; Norway's Prime Minister Jonas Gahr Støre discussed the Iran nuclear issue with Pezeshkian; former foreign minister Mohammad Javad Zarif returns to diplomacy as vice president for strategic affairs; urgency for negotiations is heightened as Iran enriches uranium; US engagement will depend on Iran's cooperation on regional security issues; Khamenei supports Pezeshkian's presidency and expects establishment backing.
#Iran #NuclearTalks #ForeignPolicy #Sanctions #Khamenei #Araghchi #Pezeshkian #Jcpoa #Diplomacy #Norway
https://www.eurasiareview.com/02092024-iran-nuclear-talks-will-be-in-new-format-oped/

2024-09-01 22:51:59

Contours Of The Financial Mess In The Maldives – Analysis
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President Mohamed Muizzu is seeking bailouts from India and China; Maldives' foreign and domestic debt was 110% of GDP at the start of 2024; net foreign exchange reserves fell below US$ 50 million in July; gross reserves dropped from US$ 500 million in May to under US$ 400 million; Fitch Ratings downgraded Maldives' debt to CCC+ in June; annual debt servicing needs are US$ 512 million for 2024 and US$ 1.07 billion for 2026; Sukuk bond fell to 71 cents on the US dollar; Maldives' external debt is US$ 3.4 billion, primarily owed to China and India; Muizzu's government is in danger of defaulting on Sukuk; India may assist Maldives amid economic challenges; World Bank emphasizes need for fiscal reforms; Maldives' economy projected to grow by 4.7%; allegations of corruption and nepotism in government spending; former President Mohamed Nasheed calls for transparency regarding financial situation.
#Maldives #FinancialCrisis #Debt #Bailouts #India #China #FitchRatings #Sukuk #WorldBank #Corruption
https://www.eurasiareview.com/02092024-contours-of-the-financial-mess-in-the-maldives-analysis/

2024-09-01 22:50:31

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#note1e68…jdx7

2024-09-01 22:50:19

Economic Policies May Offer Gains For US Presidential Rivals – OpEd
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Donald Trump and Kamala Harris are promoting populist economic messages targeting low-income voters, who comprised 35% of 168 million eligible voters in the 2020 election. In the Nov. 5, 2024 election, low-income voters may represent 7% of undecided voters. Trump's proposal includes eliminating taxes on tips, while Harris supports subsidized housing and a federal ban on food price gouging. Harris has been criticized for vague policies, while Trump's tax suggestion could significantly impact the federal budget. The restaurant industry employs 15 million people, crucial for economically disadvantaged groups. Both candidates' plans may indicate a bipartisan approach, though current rhetoric suggests division.
#Trump #Harris #Populism #Economy #2024Election #Voters #Policy #Housing #Taxes #Bipartisan
https://www.eurasiareview.com/02092024-economic-policies-may-offer-gains-for-us-presidential-rivals-oped/

2024-08-14 11:35:58

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#note1kum…lsdc

2024-08-14 11:35:47

Robert Reich: Kamalanomics – OpEd
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US Vice President Kamala Harris is expected to respond to voters' concerns about the cost of living with her own economic plan. Robert Reich suggests that Harris should address the high costs of food, fuel, and housing, as well as tackle corporate concentration. He proposes breaking up food monopolies, taking on energy monopolies to lower fuel prices, and supporting a bill to ban hedge funds and private equity firms from buying or owning single-family homes. Reich also highlights the increasing power of corporations and their negative impact on workers' wages and political power. He urges Harris and Tim Walz to restructure the American economy to benefit workers.
#KamalaHarris #CostOfLiving #EconomicPlan #FoodPrices #FuelCosts #Housing #CorporateConcentration #Workers #Corporations
https://www.eurasiareview.com/14082024-robert-reich-kamalanomics-oped/

2024-08-01 01:34:18

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#note16jn…dc8a

2024-08-01 01:34:06

US Fed Holds Target Interest Rate Steady: This Won’t Last Much Longer – Analysis
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The US Federal Reserve's Federal Open Market Committee (FOMC) has announced that it will maintain the current target policy interest rate of 5.5 percent. The committee has held the rate at this level since July 2023. The FOMC does not expect to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. However, economic indicators continue to weaken, suggesting that the FOMC will lower rates in the near future. Former New York Fed president Bill Dudley has called for a rate cut, indicating mounting discomfort with the state of the economy among investors. Economists from Bank of America and Citigroup have expressed concern over cracks in consumer sentiment, particularly at lower income levels. Weakness in the labor market is evident in the decline in job openings and new hires. The Fed's Beige Book report indicates that most of the US economy is either flat or in decline. The Fed may choose to do nothing until after the election to avoid appearing politically biased. Regardless of who is elected, the Fed is expected to lower the target interest rate as economic conditions worsen. A multitude of economic indicators points to an upcoming or ongoing recession. The Mises Institute, founded in 1982, teaches the scholarship of Austrian economics, freedom, and peace.
#UsFederalReserve #InterestRates #Economy
https://www.eurasiareview.com/01082024-us-fed-holds-target-interest-rate-steady-this-wont-last-much-longer-analysis/

2024-08-01 01:33:44

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#note1ags…dzvf

2024-08-01 01:33:33

$35 Trillion — And Counting – OpEd
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The US public debt has reached $35 trillion, surpassing the combined GDPs of China, Japan, and Germany; The debt at the end of World War II was $259 billion, making the current debt more than 135 times that amount; The Biden administration has added $7.2 trillion in debt, less than the $7.8 trillion added by the Trump administration; The US has voluntarily encumbered itself with nearly $12 trillion in debt between 2020 and 2024; The federal government is projected to run a $1.9 trillion deficit this year; Federal debt service costs amount to approximately $900 billion, which is 17 percent of total federal spending.
#UsPublicDebt #BidenAdministration #TrumpAdministration #Deficit #DebtServiceCosts
https://www.eurasiareview.com/01082024-35-trillion-and-counting-oped/

2024-07-29 17:32:04

US-Africa Trade And Economic Cooperation: Challenges And Future Pathways – OpEd
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The United States government hosted trade ministers from sub-Saharan Africa for the annual African Growth and Opportunity Act (AGOA) Forum from July 24 to 26. President Joe Biden called on Congress to reauthorize and modernize AGOA, which is set to expire in 2025. The United States Trade Representative, Ambassador Katherine Tai, acknowledged the collaborative job done by the African Union and the Regional Economic Communities. The Biden-Harris Administration supports the reauthorization of AGOA and aims to strengthen and improve it to fit the changing times. AGOA is working closely with the African Continental Free Trade Area (AfCFTA) Secretariat and on a bilateral basis with many African countries. The AGOA Forum discussed using AGOA to drive inclusive and sustainable economic development, modernizing the program, and creating stronger high-standard investment opportunities. AGOA provides duty-free access to the US market for nearly 2,000 products from eligible countries, and US imports under AGOA topped $9.7 billion last year.
#UsafricaTrade #AfricanGrowthAndOpportunityAct #AgoaForum #JoeBiden #KatherineTai #AfricanUnion #RegionalEconomicCommunities #AfricanContinentalFreeTradeArea #Afcfta #TradeAndInvestment #EconomicDevelopment
https://www.eurasiareview.com/29072024-us-africa-trade-and-economic-cooperation-challenges-and-future-pathways-oped/

2024-07-28 01:27:30

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#note1xp9…rc7t

2024-07-28 01:27:19

Malaysia’s Green Transition Can Fuel Its Economic Growth – Analysis
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Malaysia, under Prime Minister Anwar Ibrahim, has launched the Ekonomi Madani Framework, the National Energy Transition Roadmap (NETR), and the New Industrial Master Plan 2030 to achieve sustainable transformation. The green transition could be a new engine for growth, especially as Malaysia has de-industrialized in the past two decades. Geopolitical shifts, digitalization, and the global trend towards sustainability are driving the development of the renewable energy, electric vehicles (EV), and artificial intelligence industries, which rely on semiconductors. Malaysia, being the sixth-largest exporter of semiconductors, has the opportunity to expand its semiconductor industry and move up the value chain. The government is deploying at least US$5.3 billion to foster talent, grow local companies, and establish at least 10 companies in design and advanced packaging. Malaysia's abundant renewable energy resources and skilled workforce make it well-positioned for the green transition. The government aims for EVs to form 80% of total industry volume by 2050 and has rolled out measures to boost EV adoption, including building more EV chargers and providing tax exemptions. Malaysia's green transition can accelerate its economic growth and development.
#Malaysia #GreenTransition #EconomicGrowth #SustainableTransformation #SemiconductorIndustry #RenewableEnergy #ElectricVehicles #EvAdoption
https://www.eurasiareview.com/28072024-malaysias-green-transition-can-fuel-its-economic-growth-analysis/

2024-07-28 01:26:57

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#note16ja…4dat

2024-07-28 01:26:46

Strengthening USA-Indonesia Ties: How Prabowo Administration Can Adapt To Kamala Harris’ Potential Presidency – Analysis
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The potential USA presidency of Kamala Harris is expected to bring continuity in key areas of cooperation and significant shifts in the strategic climate towards sustainable development and human rights in USA-Indonesia (USA-RI) relations. The Prabowo Administration should strategically align its policies to anticipate these changes, ensuring strengthened bilateral ties and mutual benefits. The relationship between the United States and Indonesia has historically been multifaceted, encompassing economic cooperation, defense and security collaboration, environmental initiatives, and the promotion of human rights and democratic governance. The Biden Administration has placed significant emphasis on strengthening economic ties with Indonesia. Trade agreements have played a pivotal role, with the United States being one of Indonesia’s largest trading partners. Key sectors, such as technology, energy, and manufacturing, have experienced substantial investments that have fostered economic growth and job creation in both countries. Defense and security cooperation between the USA and Indonesia have been robust under Biden’s leadership. Joint military exercises and training programs have enhanced the capabilities of the Indonesian military, promoting regional stability. Climate change and environmental policies have also been a cornerstone of the Biden Administration’s approach toward Indonesia. Human rights and democracy promotion have continued to be a top priority for the Biden Administration. With the potential assumption of the presidency by Kamala Harris, the future trajectory of U.S.-Indonesia relations is anticipated to evolve in alignment with her administration’s priorities and vision. Economic cooperation is expected to persist but with a heightened emphasis on sustainable development and green investments. Defense and security cooperation under Harris are expected to maintain a strong focus on regional stability and maritime security. Climate change and environmental policies are anticipated to receive even greater prominence under Harris. Human rights and democracy promotion are likely to remain a continued, if not intensified, focus under Harris. The Prabowo Administration must strategically anticipate and adapt to the potential changes that may arise in USA-RI relations under the presidency of Kamala Harris. From an economic perspective, Indonesia should concentrate on diversifying its trade partnerships and attracting sustainable investments. In terms of defense and security, the Prabowo Administration should prioritize enhancing military readiness and fostering regional cooperation. Environmental and climate policies should be a top priority for Indonesia, aligning with global climate goals and focusing on sustainability as anticipated by Harris. Human rights and governance should remain central to Indonesia’s domestic and international policies. To effectively navigate the anticipated shifts under Kamala Harris’s presidency, the Prabowo Administration should establish a dedicated task force comprising experts in international relations, economics, defense policy, environmental issues, and human rights. Fostering stronger diplomatic channels and regular high-level dialogues with the United States will be crucial in maintaining a proactive and collaborative bilateral relationship.
#UsaindonesiaRelations #KamalaHarris #PrabowoAdministration #EconomicCooperation #DefenseAndSecurity #ClimateChange #EnvironmentalPolicies #HumanRights #DemocracyPromotion
https://www.eurasiareview.com/28072024-strengthening-usa-indonesia-ties-how-prabowo-administration-can-adapt-to-kamala-harris-potential-presidency-analysis/

2024-07-25 02:07:48

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#note15rk…22vc

2024-07-25 02:07:36

The Double Crisis Of US Foreign Policy – OpEd
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The United States faces a debate over the role of the country in international affairs, with Joe Biden and Kamala Harris representing internationalism and Donald Trump representing isolationism. However, the candidates' positions are not clear-cut, with Biden and Harris adopting some isolationist positions and Trump staking out his own version of internationalism. Both major parties are concerned about how the US can maintain its global hegemony in the face of a relative decline in status. The outcome of the election will impact US foreign policy, particularly in relation to trade, immigration, and global alliances like NATO. The rise of illiberal nationalism globally has complicated the traditional contrast between internationalism and nationalism. If Trump wins, he could join forces with other illiberal nationalists to challenge the global order. If Biden wins, his administration may continue some of Trump's policies, but with important distinctions. The Middle East is no longer the center of attention for the US, with a focus on confronting China and rolling back its influence. The future of US foreign policy is at an inflection point, with a Trump victory potentially leading to the takeover of global institutions by illiberal nationalists, and a Democratic victory offering a continuation of liberal internationalism with some adjustments.
#UsForeignPolicy #Internationalism #Isolationism #JoeBiden #KamalaHarris #DonaldTrump #GlobalHegemony #IlliberalNationalism #China #Nato #MiddleEast
https://www.eurasiareview.com/25072024-the-double-crisis-of-us-foreign-policy-oped/

2024-07-23 23:17:05

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#note1ptk…v6qf

2024-07-23 23:16:54

Pentagon Says US Will Work With African Nations To Protect Interests, Encourage Cooperation
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The US Department of Defense, also known as the Pentagon, has announced that the United States will work with African nations to protect its interests and encourage cooperation. The Pentagon's statement comes as part of its efforts to counter China and Russia's growing influence in Africa. The US aims to strengthen partnerships with African countries to address security challenges, promote economic growth, and enhance regional stability. The Pentagon's focus will be on supporting African-led initiatives and building the capacity of African security forces. The US will also provide training, equipment, and assistance to African nations to combat terrorism and other security threats. The announcement reflects the US government's commitment to engaging with African nations and maintaining a presence in the region.
https://www.eurasiareview.com/24072024-pentagon-says-us-will-work-with-african-nations-to-protect-interests-encourage-cooperation/

2024-07-22 16:47:29

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#note12n8…kdys

2024-07-22 16:47:18

Kamala Harris: The Democrats’ Last Hope? – OpEd
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As Joe Biden steps aside, the Democratic Party braces for a seismic shift. Vice President Kamala Harris emerges as the potential torchbearer in the battle against Donald Trump. With the world watching, can she bridge the divide on foreign policy and domestic issues, and put up a fierce fight to reclaim the White House?; Kamala Harris's stance on the Israel-Palestine conflict will be under intense scrutiny. Biden's administration has maintained a delicate balance, supporting Israel's security while advocating for a two-state solution. Harris, with her track record as a staunch supporter of Israel in the Senate, will need to navigate the fine line between appeasing progressive Democrats who demand a stronger stance on Palestinian rights and maintaining the party's traditional support for Israel.; The ongoing war in Ukraine presents another complex challenge. Biden's administration has been heavily involved in supporting Ukraine through military aid and sanctions against Russia. Harris, inheriting this policy, would need to project strength and resolve in the face of Russian aggression while balancing the risks of escalating tensions.; In the context of U.S.-India relations, Harris will need to build on the strategic partnership established under Biden. India's pivotal role in countering China's influence in the Indo-Pacific and its nuanced stance on the Russia-Ukraine conflict makes it a crucial ally. Harris's Indian heritage could serve as a diplomatic asset, fostering deeper ties and mutual understanding between the two democracies.; To compete with China's business and economic growth, Harris must advocate for robust economic policies that enhance American competitiveness. This includes investing in technology, infrastructure, and renewable energy to create a more resilient and dynamic economy. Harris will also need to address trade imbalances and intellectual property theft, promoting fair trade practices and protecting American interests.; Immigration policy will be a crucial issue in Harris's campaign. As Vice President, she has faced criticism for her handling of the immigration crisis at the southern border. To win over voters, Harris must present a comprehensive and humane immigration policy that addresses the root causes of migration while ensuring border security.; Economic recovery and employment generation will be pivotal in Harris's bid for the presidency. With the economy still reeling from the impacts of the COVID-19 pandemic, Harris must outline a robust plan to create jobs and stimulate growth. Her proposals will likely include investments in infrastructure, green energy, and technology, aimed at modernizing the American economy and preparing it for future challenges.; Social issues will play a significant role in Harris's campaign, particularly in the wake of the Supreme Court's decisions on abortion and LGBTQ+ rights. Harris has been a vocal advocate for reproductive rights and marriage equality, positions that align her with the progressive wing of the Democratic Party.; Donald Trump's looming presence casts a long shadow over the 2024 election. His campaign is already leveraging the failed assassination attempt to galvanize support, painting him as a resilient leader who can withstand any challenge. Harris, in contrast, must position herself as a unifying figure who can heal the divisions exacerbated during Trump's presidency.; The question at the heart of Harris's potential candidacy is whether she can bridge the divide on foreign policy and domestic issues. Her ability to articulate a clear and compelling vision for America's future will determine her success. Harris's diverse background, prosecutorial experience, and tenure as Vice President provide her with a unique perspective and skill set, but the challenges are immense.; As the Democratic Party faces a pivotal decision, Kamala Harris stands as a symbol of both continuity and change. Her candidacy represents a break from the past while building on the achievements of the Biden administration. The world watches as she prepares to take on Donald Trump in a contest that will shape the future of the United States and its role on the global stage.
#KamalaHarris #DemocraticParty #ForeignPolicy #DomesticIssues #PresidentialElection #IsraelpalestineConflict #RussiaukraineWar #China #ImmigrationPolicy #EmploymentGeneration #SocialIssues #DonaldTrump
https://www.eurasiareview.com/22072024-kamala-harris-the-democrats-last-hope-oped/

2024-07-22 16:08:04

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#note1uhh…gv20

2024-07-22 16:07:53

2024-07-16 00:37:48

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#note1hjq…7yc8

2024-07-16 00:37:36

Reason For Our Health Care Crisis: Government – OpEd
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Compulsory spending on health care in the US consumes a greater share of health care spending than in most other developed countries. Government is more involved in health care spending and regulation in the US compared to other countries. Major health care programs in the US came into existence to solve problems created by previous government interventions. Medicare and Medicaid unleashed an enormous amount of new health care spending without an overall increase in health care. Medicaid exists because low-income families were priced out of the market for medical care due to regulations that limit the number of doctors and services. The tax subsidy for employer-provided health insurance encouraged over-insurance and over-consumption of care by middle- and upper-income families. Medicaid finances 20 percent of all health care spending in the US, but studies show that new enrollees in Medicaid increased their emergency room visits by 40 percent with no difference in their physical health. Obamacare largely offset the decrease in employer coverage with an increase in Medicaid enrollment, resulting in no increase in health care nationwide. Premiums doubled under Obamacare, and there has been a "race to the bottom" in denying high-quality care to patients most in need. The solution proposed is to give Medicaid and Medicare funds to beneficiaries in the form of cash and provide large Health Savings Accounts for employees.
#HealthCare #GovernmentIntervention #Medicare #Medicaid #Obamacare
https://www.eurasiareview.com/16072024-reason-for-our-health-care-crisis-government-oped/

2024-07-13 00:35:35

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#note1n0r…524g

2024-07-13 00:35:24

Green Cards For International College Grads Are A Great Deal For Americans – OpEd
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Former President Donald Trump proposed giving permanent green cards to all international students who graduate from U.S. colleges and universities, which could boost the economy and decrease the government's budget deficit. There were 858,395 international students in U.S. colleges in 2022-23, and if a quarter of them graduate annually, legal immigration would increase by 200,000 yearly. The National Academy of Sciences found that high-skilled immigration increases innovation and economic growth. Each immigrant with a college degree creates a fiscal surplus of around $500,000 over 75 years. However, this policy may face political challenges due to anti-immigrant sentiment and the need for increased border security. The article argues that while this policy won't solve all immigration problems, it is a step in the right direction.
#GreenCards #InternationalStudents #CollegeGraduates #Immigration #Economy
https://www.eurasiareview.com/13072024-green-cards-for-international-college-grads-are-a-great-deal-for-americans-oped/

2024-07-12 01:08:34

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#note16kl…f6rw

2024-07-12 01:08:22

Zimbabwe’s Lithium Gambit: Navigating China-US Rivalry – Analysis
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Zimbabwe is the world’s fifth-largest miner and the top lithium producer in Africa. In 2023, Zimbabwe produced 3,400 metric tons of lithium, earning a record US$209 million in exports. The government intends to refine battery-grade lithium domestically to boost the economy and create jobs. China has made significant investments in Zimbabwe's mining sector, including a US$2.79 billion investment plan. The US, seeking to secure its green energy production, lifted sanctions against Zimbabwe and may invest in the country. Zimbabwe faces challenges such as power outages, shortages of foreign exchange, and policy uncertainties. The US may collaborate with India to develop capacity in Zimbabwe's mining industry. Zimbabwe lacks cross-border logistics and infrastructure, but the US plans to build the Lobito Corridor to connect Harare. China is ahead in controlling the lithium value chain, but the US may commit resources amid China's strategic rivalry.
#Zimbabwe #Lithium #China #Us #Mining #Investment
https://www.eurasiareview.com/12072024-zimbabwes-lithium-gambit-navigating-china-us-rivalry-analysis/

2024-07-12 00:32:43

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#note19jx…ezh5

2024-07-12 00:32:32

US Divide And Rule No More: Washington’s Gulf Allies Embrace Iran – OpEd
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Saudi Arabia and other Gulf Arab states have sent warm congratulations to Iran on its newly elected President Masoud Pezeshkian, signaling a major geopolitical realignment. The Gulf Arab states have historically viewed Iran with suspicion and hostility due to sectarian tensions and fear of Iranian revolutionary politics. However, the recent olive branch from Saudi Arabia and other Gulf Arab states to Iran marks an unprecedented diplomatic development that will likely alarm Washington, which has sought to isolate Iran from its neighbors. The United States and its Western allies have historically fueled fears of Iranian expansionism in order to maintain their influence in the Gulf and promote a Cold War between the Arab states and Iran. However, the Gulf Arab states are now showing signs of normalizing relations with Iran, with Saudi Arabia calling for fraternal relations and regional security cooperation. This shift in alliances reflects a larger geopolitical realignment, with Russia, Iran, China, and others challenging U.S. and Western hegemony. The Gulf Arab states are also signing up as new members of the Shanghai Cooperation Council, signaling their recognition of the decline of Western hegemony and the rise of a multipolar order. The days of Washington and its Western allies playing divide and rule in the Gulf are over.
#SaudiArabia #GulfArabStates #Iran #GeopoliticalRealignment #SectarianTensions #ColdWar #ShanghaiCooperationCouncil #MultipolarOrder
https://www.eurasiareview.com/12072024-us-divide-and-rule-no-more-washingtons-gulf-allies-embrace-iran-oped/

2024-07-11 00:57:01

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#note18gm…yrlu

2024-07-11 00:56:50

The Luzon Economic Corridor As The United States’ Southeast Asian Litmus Test – Analysis
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The Luzon Economic Corridor (LEC) initiative, unveiled by the presidents of the Philippines, Japan, and the United States, could channel $100 billion into the Philippine economy within ten years. The LEC is a test case for US commitment to Southeast Asia and has the potential to strengthen US economic influence in the region. The lack of US investment in Southeast Asia has led to increased Chinese financing for infrastructure projects. The LEC enables the US to compete with China project by project and offers economic dividends and security safeguards. The success of the LEC is crucial for US engagement in Southeast Asia and to counter perceptions of US self-interest. The Philippines is seen as a barometer of US engagement in the region. A successful LEC would showcase US dedication to Southeast Asia without compromising key concerns. The LEC is likely to continue post-Marcos and is not significantly impacted by domestic US political volatility. A failure of the LEC would amplify perceptions of US promises unfulfilled. Southeast Asian countries have developed a more favorable view of China, while perceiving US policies as self-serving. The LEC represents an opportunity for Southeast Asian nations to reap economic benefits without compromising key concerns. The article was published by East Asia Forum.
#LuzonEconomicCorridor #UsCommitment #SoutheastAsia #UschinaCompetition #ChineseFinancing #UsEngagement
https://www.eurasiareview.com/11072024-the-luzon-economic-corridor-as-the-united-states-southeast-asian-litmus-test-analysis/

2024-07-10 18:11:22

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#note1l7d…p2ar

2024-07-10 18:11:11

Indonesia Steps Up As Mediator Amidst Heightened Tensions On The Korean Peninsula – OpEd
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Indonesia has emerged as a crucial mediator amidst heightened tensions on the Korean Peninsula. Leveraging its positive relationships with Russia and China, Indonesia aims to promote peace and stability. The recent defense agreement between Russia and North Korea, which includes military cooperation and economic and humanitarian aid, could potentially escalate tensions on the Korean Peninsula. Indonesia, with its positive relations with both Russia and China, its membership in ASEAN, and its experience in economic diplomacy and international peacekeeping, is well-suited to act as a diplomatic mediator and balancer in the region. Indonesia can enhance its impact by intensifying diplomatic engagements, promoting economic cooperation, supporting peacekeeping initiatives, and providing humanitarian aid. By strategically utilizing its diplomatic, economic, and humanitarian strengths, Indonesia can contribute to regional peace and stability and serve as a model for other nations.
#Indonesia #Mediation #KoreanPeninsula #Russia #China #Asean #Diplomacy #EconomicCooperation #Peacekeeping #HumanitarianAid
https://www.eurasiareview.com/10072024-indonesia-steps-up-as-mediator-amidst-heightened-tensions-on-the-korean-peninsula-oped/

2024-07-09 00:23:28

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#note1sgl…rdpl

2024-07-09 00:23:16

We Need A New Political Vocabulary – OpEd
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The article discusses the need for a new political vocabulary to accurately describe the current political landscape in Europe. It highlights the marginal differences between centrist parties in Europe, all of which support neoliberal policies and US-NATO control. The article argues that the traditional left-wing parties have become pro-U.S. neoliberals, imposing austerity measures and cutbacks in social spending. It also explores the rise of nationalist parties as a popular rejection of the status quo and criticizes the labeling of these parties as 'neo-fascist'. The article concludes by discussing the global failure of Western internationalism and the negative impact of Europe's support for US/NATO policies on its own economy.
#PoliticalVocabulary #Neoliberalism #CentristParties #NationalistParties #LeftwingParties #Usnato #Internationalism #Europe'sEconomy
https://www.eurasiareview.com/09072024-we-need-a-new-political-vocabulary-oped/

2024-07-08 23:01:27

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#note1haw…ft64

2024-07-08 23:01:14

Why Netanyahu’s US Politicking Will Fail – OpEd
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Israeli Prime Minister Benjamin Netanyahu is buying time in Gaza and Lebanon in the hope that Donald Trump returns to the White House following November’s US presidential election. US foreign policy seems to be ruled by two different outlooks: one dedicated to the whole world and another only to Israel. The war in Gaza is happening at the expense of the more than 125,000 Palestinians who have been killed or wounded due to Israeli strikes. President Joe Biden continues to arm Israel and provide a safety net for its dwindling economy. Trump’s return to the White House would do nothing to change Israel’s misfortunes since Oct. 7, because Israel’s problems do not originate in Washington. Israel’s crisis is multifaceted. It is unable to win the war in Gaza and is failing to change the rules of engagement in Lebanon. Another dimension of the Israeli crisis is the deep divisions in Israeli society, in the security apparatus, and between politicians. The US’ unquestioning support of Israel could be a contributing factor in its downfall.
#BenjaminNetanyahu #DonaldTrump #JoeBiden #Israel #Gaza #Lebanon #UsForeignPolicy
https://www.eurasiareview.com/09072024-why-netanyahus-us-politicking-will-fail-oped/

2024-07-08 01:28:07

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#note1qde…hql4

2024-07-08 01:27:55

Without Peace In Ethiopia, Transitional Justice Will Be Difficult – Analysis
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A comprehensive cessation of hostilities is necessary for Ethiopia to effectively implement transitional justice. The Ministry of Justice has drafted a roadmap for implementing the Transitional Justice Policy, which includes activities for criminal accountability, reparations, truth-seeking, and institutional reform. However, implementing transitional justice amid ongoing armed conflicts is challenging. While drafting policy during conflict is not unusual, implementing it under worsening conditions is different. The Transitional Justice Policy in Ethiopia does not highlight the need for a peace process, unlike the African Union's policy. Peace is crucial for meaningful participation, public buy-in, and compliance with international standards. Ending ongoing conflicts and addressing structural issues are necessary to guarantee the non-recurrence of violations. Pursuing accountability during violence is tricky and may fail to deter further atrocities. Achieving peace can encourage militants to participate in the transitional justice process and make currently inaccessible spaces available for dialogue, truth-seeking, and accountability. Peace can also bring political parties to the table and change the views of skeptical civil society organizations. The involvement of the Ethiopian diaspora, youth, victims, and experts is vital for the effective implementation of transitional justice. The international community, particularly the United States and European Union, has urged Ethiopia to implement transitional justice. Peace processes in Ethiopia should integrate transitional justice requirements to ensure peace and justice coexist. Delaying peace will undermine the timely implementation and effectiveness of transitional justice.
#Ethiopia #TransitionalJustice #PeaceProcess #Conflict #Accountability #Reparations #Truthseeking #InstitutionalReform #InternationalStandards #CivilSociety #Diaspora #Youth #Victims #EuropeanUnion #UnitedStates
https://www.eurasiareview.com/08072024-without-peace-in-ethiopia-transitional-justice-will-be-difficult-analysis/

2024-07-06 00:28:18

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#note1nnk…dd7e

2024-07-06 00:28:07

US Job Growth At 206,000 in June, Unemployment Edges Up To 4.1 Percent, Ending Streak – Analysis
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The US economy created 206,000 new jobs in June, with downward revisions to reported job growth for the prior two months. The unemployment rate increased to 4.1 percent, ending a 28-month streak of below 4.0 percent unemployment. Wage growth slowed to a 3.6 percent annual rate, and the unemployment rate for Black workers rose to 6.3 percent. The unemployment rate for Asian American workers jumped to 4.1 percent. The employment to population ratio for prime-age workers remained unchanged. The share of unemployment due to voluntary quits rose to 11.2 percent. The number of people working part-time for economic reasons fell by 199,000. The government sector and health care led in job creation in June. Construction added 27,000 jobs while manufacturing lost 8,000. The report indicates a slowing economy and a notable weakening in the labor market.
#UsJobGrowth #UnemploymentRate #WageGrowth #LaborMarket
https://www.eurasiareview.com/06072024-us-job-growth-at-206000-in-june-unemployment-edges-up-to-4-1-percent-ending-streak-analysis/

2024-07-04 00:53:35

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#note17pe…uxln

2024-07-04 00:53:24

Julian Assange Freed By The Prospect Of Justice – OpEd
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Julian Assange has been freed after seven years of asylum in Ecuador's embassy in London and five years imprisoned by the United Kingdom. The Biden administration's Department of Justice offered Assange a plea deal to avoid extradition to the United States. Assange had to plead guilty to one charge of violating the Espionage Act. Assange's legal team fought on his behalf, and the possibility of the British High Court of Justice hearing his claim moved the Biden administration to offer a plea deal. Assange's freedom comes at the cost of criminalizing journalism in the United States. Assange revealed war crimes and corruption, including the Iraq War Logs, Afghanistan War Logs, and the Clinton campaign's rigging of the nomination process against Bernie Sanders. Assange's case has implications for journalism, as it sets a precedent for punishing those who expose state crimes.
#JulianAssange #DepartmentOfJustice #PleaDeal #EspionageAct #WarCrimes #Corruption #Journalism #FreedomOfSpeech
https://www.eurasiareview.com/04072024-julian-assange-freed-by-the-prospect-of-justice-oped/

2024-07-04 00:49:49

Robert Reich: Fearmongering? – OpEd
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The article discusses Chief Justice John Roberts's presidential immunity decision and the distinction it sets between "official" and "unofficial" acts of a president. The author, Robert Reich, expresses concern that the decision could immunize Trump from criminal prosecution if he were to become president again and use the Justice Department to prosecute his enemies. Justice Sonia Sotomayor, in her dissent, argues that the decision grants the president wide dictatorial powers without legal accountability. The article also highlights Trump's calls for the imprisonment of his political opponents and his social media posts suggesting prosecution and imprisonment for various individuals, including Liz Cheney and members of the January 6 committee. The Trump campaign responded to Cheney's criticism by accusing her and the committee of banning key witnesses and destroying evidence. Reich disagrees with Chief Justice Roberts's accusation that Sotomayor and the other dissenting justices engaged in fearmongering, and questions whether Trump's actions should be considered fearmongering or a genuine concern.
#PresidentialImmunity #JusticeDepartment #Trump #Fearmongering
https://www.eurasiareview.com/04072024-robert-reich-fearmongering-oped/

2024-07-04 00:08:14

Israel Assassinates Second Senior Hezbollah Commander
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An Israeli drone targeted a car east of the city of Tyre on Wednesday, killing a senior Hezbollah commander named Mohammed Naameh Nasser, known as Abu Naameh. He was the commander of the Aziz Unit responsible for the western sector of southern Lebanon. Another man in the car was severely injured and later died. This is the second senior Hezbollah commander to be assassinated, following the killing of Taleb Sami Abdullah, known as Abu Taleb, two weeks ago. The intensity of Israeli attacks has fluctuated over the past few days, with combat drones shelling the town square in Taybeh and Israeli artillery shelling the border town of Kfarkela. Lebanese Prime Minister Najib Mikati condemned the Israeli attacks and called on the international community to intervene. Lebanon is counting on the American-French initiative to prevent further escalation in the south of the country. A meeting is scheduled between the French envoy to Lebanon and the American envoy to discuss de-escalation. In response to the Israeli attacks, the deputy head of Hezbollah, Sheikh Naim Qassem, stated that a comprehensive ceasefire in Gaza is the only way to achieve a ceasefire on the Lebanese border. He warned that if Israel launches a limited operation in Lebanon, Hezbollah's response will not be limited. Iran has heightened its support for Hezbollah in the face of a potential Israeli attack, but emphasized that it does not seek a regional war.
#Israel #Hezbollah #Lebanon #MiddleEast #Conflict
https://www.eurasiareview.com/04072024-israel-assassinates-second-senior-hezbollah-commander/

2024-07-03 23:34:43

2024-07-03 17:12:48

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#note1ur9…65yh

2024-07-03 17:12:37

AGOA And AfCFTA: Unlocking Business Potentials Between United States And Africa – OpEd
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United States Trade Representative Katherine Tai will host the 21st US–sub-Saharan Africa Trade and Economic Cooperation Forum (AGOA Forum) in Washington, D.C., from July 24 to 26. The theme for July’s AGOA Forum is “Beyond 2025: Reimagining AGOA for an Inclusive, Sustainable and Prosperous Tomorrow.” The expectation is that the AGOA Forum will bring together the governments of the United States and AGOA-eligible countries, as well as representatives from key regional economic organizations, civil society, labor, and the private sector. The Corporate Council on Africa (CCA) is the leading U.S. business association focused solely on connecting business interests in Africa. In 2023, CCA organized a business summit which was a tremendous success in Botswana, southern Africa. Some African strategists and research analysts indisputably believe that remittance flows is definitely one of the surest reliable sources of foreign exchange, depending solely on the dollar currency, to support trade. In its latest report in June, the World Bank indicated that, despite the geopolitical uncertainties, instability and challenges, sub-Saharan Africa’s remittance flow reached $54 billion in 2023. Discussions over the reauthorization of the African Growth and Opportunity Act (AGOA), a cornerstone of U.S. efforts to cultivate deeper economic relations with sub-Saharan Africa, allowing countries there export certain products to the U.S. duty-free. Last July, the Biden administration reported facilitating more than 900 deals across 47 African countries since 2021, for an estimated $22 billion in two-way trade and investment. Also, the U.S. private sector sealed investment deals exceeding $8.6 billion. Over the years, African leaders have been engaging with their diaspora, especially those excelling in sports, academia, business, science, technology, engineering and other significant fields that the continent needs to optimize its diverse potentials and to meet development priorities.
#Agoa #Afcfta #Trade #EconomicCooperation #UnitedStates #Africa
https://www.eurasiareview.com/03072024-agoa-and-afcfta-unlocking-business-potentials-between-united-states-and-africa-oped/

2024-07-02 23:55:30

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#note1t5u…zv89

2024-07-02 23:55:18

Cuba: From Cruise Ships To Warships – OpEd
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Six years ago, cruise ships from Miami were dropping off boatloads of U.S. visitors at Havana’s port on a daily basis. Since then, Carnival and Royal Caribbean have been replaced with Russian warships and a nuclear-powered submarine. The cruise ships had been a key part of Obama’s historic detente with Cuba in 2014. Trump rolled it all back, scrapping Obama’s policy of engagement in favor of economic warfare. Biden instead embraced Trump’s belligerent position. Under siege from the United States, Cuba turned to its old ally, Russia, for economic support. Russia has thrown Cuba an economic lifeline by increasing investment on the island, forgiving most of Cuba’s old debts, and becoming a major supplier of oil. Cuba’s increasing dependence on Russia’s economic support has brought the two countries closer in other ways. Cuba has moved unequivocally to Russia’s side, attending Moscow’s Victory Day parade and welcoming Russian warships and a nuclear-powered submarine. Under the weight of debilitating sanctions and with its economy in perpetual crisis, Cuba seems willing to accept assistance from wherever it can get it. There is no indication that the Cuban government or its people prefer Russia as an ally to the United States.
#Cuba #UscubaRelations #Russia #EconomicSupport #Sanctions
https://www.eurasiareview.com/03072024-cuba-from-cruise-ships-to-warships-oped/

2024-07-01 16:16:25

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#note1j4j…6rcj

2024-07-01 16:16:14

The Implications Of The Non-Renewal Of The Petrodollar System – OpEd
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Saudi Arabia has decided to terminate its long-standing petrodollar agreement with the United States. This decision signifies a major shift from a key element of the global financial structure and is expected to have extensive repercussions. The petrodollar system, which has been in place for fifty years, elevated the U.S. dollar to the world's dominant currency. The termination of the petrodollar system could lead to a decrease in global demand for dollars, potentially depreciating its value and causing higher inflation in the United States. It could also erode the geopolitical leverage of the United States and lead to a more multipolar world where other currencies like the Euro, Yuan, or cryptocurrencies play more prominent roles. The non-renewal of the petrodollar system could also create volatility in oil markets, impact the stability of global financial markets, and accelerate investment in renewable energy and digital currencies. The implications of this decision are far-reaching and could reshape the economic and geopolitical landscape for decades to come.
#SaudiArabia #Petrodollar #GlobalFinancialSystem #UsDollar #Inflation #Geopolitics #OilMarkets #RenewableEnergy #DigitalCurrencies
https://www.eurasiareview.com/01072024-the-implications-of-the-non-renewal-of-the-petrodollar-system-oped/

2024-07-01 01:08:10

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#note1quh…h5tj

2024-07-01 01:07:59

Western Sanctions On Icebreakers Stall Russia’s Arctic LNG Expansion – Analysis
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Novatek’s Arctic LNG 2 project is facing significant delays due to Western sanctions targeting ship construction and procurement. These sanctions have successfully restricted the delivery of icebreaking LNG carriers, delaying the project's first shipments and creating uncertainty about its viability. A coordinated G7 sanctions policy focused on blocking technology transfer, access to finance, and acquiring transport and logistical capabilities could further derail the project. Russia's war economy has shown resilience to sustain an expensive conflict, but the country's pipeline gas exports to the EU have been significantly affected. Russia has turned to LNG as a strategic opportunity to export gas to non-European markets. The success of Novatek's Yamal LNG project has allowed Russia to develop the strategic Northern Sea Route, enabling a shift in natural gas exports from Europe to Asia. The Arctic LNG 2 project, located on the Gydan Peninsula, is a major natural gas initiative led by Novatek with international partners. The project is designed to export 27 bcm of LNG annually, becoming the largest LNG project in Russia. Western sanctions on the Russian energy sector, particularly those focused on limiting Novatek's growth in the LNG sector, have been effective in imposing a high cost on the commercial outlook of the Russian gas sector. The sanctions have targeted Novatek's access to Western financial markets and the acquisition of new icebreaking LNG carriers. The success of these sanctions relies on inflicting more damage on Russia than the issuer of the restrictions. The LNG industry is vulnerable to US sanctions due to the small number of service providers and the specific technology required. LNG transshipment operations must be carried out in specialized ports, and most LNG carrier owners and operators are companies that depend on their reputation for commercial success. The US can impose secondary sanctions on foreign firms that conduct business with the primary sanctioned entity, creating a broader deterrent effect. The success of the Arctic LNG 2 project relies on the construction of specialized icebreaking LNG carriers. Novatek had placed orders for 15 Arc7 LNG carriers to be built in Russia and six more in South Korea. However, sanctions have impacted the shipyards involved, preventing the delivery of the vessels. Novatek has sent skilled personnel to the Zvezda shipyard in Russia to try to complete the first two icebreakers. The future of the remaining vessels is uncertain, and alternative buyers are being sought. The stalling of construction is detrimental to Russian ambitions in the Arctic and the development of domestic capacities in LNG. A coordinated policy of sanctions on Russia's gas development in the region, focusing on blocking technology transfer, access to finance, and acquiring transport and logistical capabilities, could further derail the Arctic LNG 2 project.
#Russia #Lng #Sanctions #Arctic #Novatek
https://www.eurasiareview.com/01072024-western-sanctions-on-icebreakers-stall-russias-arctic-lng-expansion-analysis/

2024-07-01 01:04:38

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#note1kdg…dlf5

2024-07-01 01:04:27

What The Socialist Left Fails To Grasp About Wealth And Innovation In America – OpEd
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The article discusses the importance of billionaires in society and their contributions to wealth and innovation. It highlights the transformative inventions and innovations of entrepreneurs in the 19th and 20th centuries, such as Thomas Edison, Alexander Graham Bell, Andrew Carnegie, and Henry Ford. These individuals became wealthy through their inventions and improved the lives of millions of people. The article argues that entrepreneurs and investors have done more to lift people out of poverty than government redistribution programs. It also emphasizes that billionaires' wealth is tied to the success of their companies and that their taxes fund a substantial portion of the federal government. The article criticizes socialists who want to soak the rich and redistribute their wealth, arguing that it would harm the economy and stifle innovation. It concludes by stating that society should not villainize success and should instead promote freedom to innovate and create wealth.
#Wealth #Innovation #Billionaires #Entrepreneurs #Society #Poverty #GovernmentRedistribution #Taxes
https://www.eurasiareview.com/01072024-what-the-socialist-left-fails-to-grasp-about-wealth-and-innovation-in-america-oped/

2024-07-01 01:04:05

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#note1k0k…dxa9

2024-07-01 01:03:53

The Coming US Budget Disaster Will Impoverish Americans – OpEd
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The Congressional Budget Office (CBO) expects a budget deficit of $1.9 trillion in 2024, rising to $2.8 trillion by 2034. Outlays are projected to soar from $6.8 trillion to $10.3 trillion by 2034, with debt rising from 99% of GDP in 2024 to 122% in 2034. The CBO cites the soaring cost of debt as a major reason for the increase in outlays. The United States public debt will increase by $22 trillion in a decade. Deficit spending is not a growth tool and will lead to higher taxes, weaker growth, and declining purchasing power for Americans. The next administration must implement pro-growth policies to eliminate the deficit and maintain the dollar as the world's reserve currency. The current policy of imprudent monetary policy and inflationary policies will lead to stagnation and the loss of world reserve status. The United States has tried the European way and failed, resulting in a debt-bloated GDP and declining consumer confidence. It is time to implement sound money and responsible fiscal policies.
#UsBudgetDeficit #FiscalPolicy #EconomicGrowth
https://www.eurasiareview.com/01072024-the-coming-us-budget-disaster-will-impoverish-americans-oped/

2024-06-30 01:27:13

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#note14l0…ppwh

2024-06-30 01:27:01

China’s Economic Conundrum Under Xi Jinping – Analysis
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China's economic predicament is rooted in a struggling real estate sector and a strategy predicated on a shift towards high-tech industries. President Xi Jinping's prioritisation of national security and scepticism of market forces is exacerbating the problem and leading to tensions between political will and economic imperatives. China's troubled real estate sector once accounted for an impressive % of national GDP. Its peak in 2018 gave way to a sharp downturn — which, further aggravated by the COVID-19 pandemic, today functions at approximately % half of its former capacity. This decline has left a big mark on China's economic fabric, with property sales plummeting by 20.5 per cent in the first two months of 2024. The government's ' ' policy — designed to mitigate substantial risks among the many property developers with mounting debt — was a lukewarm response that led to reduced residential investment. The policy indicates Xi's pivot towards more technologically advanced industries, , big data, bioengineering, semiconductors and quantum computing. Xi's deep-seated scepticism of market forces, shaped by the experience of corruption and ideological deviations during former president Hu Jintao's administration, continues to influence economic policy. His cautious approach has placed increased scrutiny and limitations on major tech firms, reflecting a strategy of that favours firm state control over market-driven growth. The government's preference for bolstering state-owned enterprises at the expense of the private sector — which has been a cradle of innovation and economic vitality — is a decisive political stance. But bureaucratic state-owned enterprises cannot yield the same successes as a thriving entrepreneurial sector when it comes to innovating in cutting-edge technology. Xi's approach dampens entrepreneurial spirit and curbs the private sector's capacity to innovate and compete globally. China's economic rebound could take several years and become a medium-term slowdown once robust manufacturing sector — though showing signs of revival — cannot fully offset the substantial downturn in real estate. Consumer confidence has also declined, with retail sales growth slowing to 2.3 per cent year-on-year in April 2024. The government faces a dilemma in reigniting growth without reverting to outdated methods. Xi's ideological framework, which champions a Marxist-socialist model over Western capitalist paradigms, presents a landscape where political decisions profoundly influence economic outcomes. China must regain momentum before it misses its opportunity for economic rejuvenation.
#China #XiJinping #Economy #RealEstate #HightechIndustries
https://www.eurasiareview.com/30062024-chinas-economic-conundrum-under-xi-jinping-analysis/

2024-06-27 00:00:19

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#note1z52…vl72

2024-06-27 00:00:07

Filling The US-Shaped Hole In World Trade – Analysis
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The world trade system has been challenged by tariff increases introduced by former US president Donald Trump and maintained by President Joe Biden. Both presidents have also undermined the effectiveness of the World Trade Organization (WTO) by neutering the dispute settlement mechanism and withdrawing from efforts to improve and extend world trade law. One of Trump’s first actions in January 2017 was to withdraw the United States from the Trans-Pacific Partnership (TPP). The Trump administration also refused to approve new members of the WTO Appellate Body. After the United States failed to ratify the TPP, the 11 other signatories proceeded with the slightly revised Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect in 2018. As an alternative appeal process, in 2020 47 WTO members created the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), whose signatories recognize binding arbitration on disputed decisions of the WTO’s dispute settlement body. World trade has flourished in 2022 and 2023 as economies recovered from the COVID-19 pandemic. If a new institutional order for global trade based on an expanded CPTPP emerges, and if RCEP members and the European Union commit to compatibility, then the global economy will continue to function, but with different levels of commitment to trade rules. The actions of other trading nations matter. The larger the group of important trading nations accepting CPTPP rules, the greater the incentive for the United States to re-join the process of trade lawmaking.
#WorldTrade #Tariffs #Wto #Tpp #Cptpp #Mpia #Covid19 #GlobalTrade
https://www.eurasiareview.com/27062024-filling-the-us-shaped-hole-in-world-trade-analysis/

2024-06-25 00:34:04

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#note1wdl…wlym

2024-06-25 00:33:53

Interest On US National Debt Surpasses Defense Spending – OpEd
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As of May 2024, the amount of money spent on interest owed to the US government's creditors surpasses the annual amount spent on national defense. Interest on the national debt represents the biggest single category of spending by the US government and is now the third largest mandatory spending program behind Social Security and Medicare. The growth of the national debt and the surging amount of interest that must be paid on it is fueled by excessive spending. The Biden administration is planning to cut some Medicare benefits starting in January 2025. The Treasury Department is gambling on interest rates falling, but this strategy represents a losing bet with guaranteed losses. Short-term interest rates have risen higher than long-term rates due to the Federal Reserve raising them to combat inflation unleashed by the Biden administration's 2021 fiscal stimulus. Yellen's national debt management strategy is criticized for issuing debt at higher interest rates amid an inverted yield curve. The article suggests that Yellen's strategy represents a losing gamble with guaranteed losses as long as inflation persists. The author warns that even winning the bet would come with pain because the Fed typically cuts interest rates in the face of economic recessions.
#UsNationalDebt #DefenseSpending #InterestRates #BidenAdministration
https://www.eurasiareview.com/25062024-interest-on-us-national-debt-surpasses-defense-spending-oped/

2024-06-24 00:14:15

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#note10mr…zag0

2024-06-24 00:14:04

Ralph Nader: Are Heedless Dems Giving Trumpty Dumpty A Path To Become America’s FÜHRER? – OpEd
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Ralph Nader discusses the current political landscape and the potential for Donald Trump to regain power. He highlights several factors that have worked in Trump's favor, including the delay of criminal lawsuits against him, his ability to raise campaign funds, and his lead in swing states. Nader criticizes the Democratic Party for not effectively countering Trump's attacks and urges them to step up their efforts. He also mentions the support Trump receives from various groups, such as labor unions and big money contributors. Nader concludes by emphasizing the importance of voter turnout and motivating the voting base.
#RalphNader #DonaldTrump #DemocraticParty #UsPolitics
https://www.eurasiareview.com/24062024-ralph-nader-are-heedless-dems-giving-trumpty-dumpty-a-path-to-become-americas-fuhrer-oped/

2024-06-24 00:10:09

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#note1aa4…4dz9

2024-06-24 00:09:58

Pakistan: Muslim Man Lynched For Alleged Blasphemy
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A Muslim man named Muhammad Suleman was lynched and burned by a mob in Pakistan's Khyber Pakhtunkhwa province on June 20. Suleman, a tourist from Sialkot, Punjab, was visiting the Swat Valley when he was accused of burning pages of the Quran. The police rescued Suleman and placed him under custody, but the mob attacked the police station and beat him to death. The incident occurred within 45 minutes after announcements were made through nearby mosques. The body has been transferred to an undisclosed location. Blasphemy is punishable by death or life sentence in Pakistan, and the country has witnessed numerous cases of mob lynching in recent years. The incident has raised concerns about the impact on tourism and social life in the Swat Valley, which has already been affected by Talibanization and the aftermath of the 2022 floods.
#Pakistan #Blasphemy #Lynching #MobViolence #SwatValley
https://www.eurasiareview.com/24062024-pakistan-muslim-man-lynched-for-alleged-blasphemy/

2024-06-22 01:34:23

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#note1ld3…362g

2024-06-22 01:34:12

The 3 Drivers Of US Consumers Hit A Wall – OpEd
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Consumer spending in the US has been propped up by incomes, savings, and debt, but all three drivers are now running out. Real incomes, which had been beating inflation, have slowed down to just 1% year-on-year. Americans built up over $2 trillion in excess savings during the pandemic, but those savings have now been used up. Private debt has skyrocketed to a new record of $17.5 trillion, with credit card delinquencies up 50% year on year. As a result, consumers are exercising spending restraint, particularly in areas like cars, consumer durables, restaurants, and leisure. The economy is also showing signs of decline, with GDP growth dropping from 4.9% to 1.3% in just 9 months. The article suggests that the government may need to ramp up spending or face the consequences of a crashing economy.
#UsConsumers #ConsumerSpending #Incomes #Savings #Debt #GdpGrowth #EconomicDecline
https://www.eurasiareview.com/22062024-the-3-drivers-of-us-consumers-hit-a-wall-oped/

2024-06-18 01:16:37

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#note1ez3…veun

2024-06-18 01:16:26

A Critique Of Latin American Neocons – OpEd
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The article discusses the embrace of neoconservatism by the local Right in Latin America and critiques its unconditional support for America's foreign policy. It highlights the alignment of Marxists in the region with neoconservative positions and the concerning trends in Latin America. The author argues for a noninterventionist foreign policy and the defense of private property rights and methodological individualism. The article also mentions the economic calculation problem in state-owned national defense and the ratchet effect of crisis on government power. It concludes by urging Latin American libertarians to apply libertarian principles consistently.
#LatinAmerica #Neoconservatism #ForeignPolicy #Libertarianism #Marxism
https://www.eurasiareview.com/18062024-a-critique-of-latin-american-neocons-oped/

2024-06-16 23:32:31

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#note1ef5…vvmp

2024-06-16 23:32:20

Modi’s Election Setback A Reality Check On India’s Economic Problems – Analysis
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Narendra Modi's disappointing electoral showing could be the catalyst for a shift away from divisive Hindu nationalism towards economic development. The Bharatiya Janata Party (BJP) stumbled to 240 seats, a 63-seat deficit from 2019, requiring Modi to rely on his alliance partners to form a government. Indian voters have sent a clear message that dealing with the problems of the economy matters more than divisive populist rhetoric. Inequality between India's rich and the rest of the population has grown worse in the past decade, and the lack of decent jobs in the manufacturing sector has left many stuck in low-productivity employment. Modi's vision is for India to become a developed economy by 2047, but this ambition would require growth of about 10% per annum for the next 23 years. Without his own parliamentary majority, Modi will be forced to negotiate with his coalition partners to pass bills through parliament, which may lead to a more consensus-based approach to future reforms.
#NarendraModi #BharatiyaJanataParty #EconomicDevelopment #HinduNationalism #Inequality #ManufacturingSector #ParliamentaryMajority #CoalitionPartners #Reforms
https://www.eurasiareview.com/17062024-modis-election-setback-a-reality-check-on-indias-economic-problems-analysis/

2024-06-16 02:10:56

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#note1wvp…54ev

2024-06-16 02:10:45

Saudi Arabia Drifts Away From Washington And The Dollar – Analysis
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Saudi Arabia has been increasingly moving away from the US orbit in recent years, reflected in an increased willingness to settle oil deals in non-dollar currencies. The reports of the decline of the petrodollar reflect a real-world trend, pointing to an overall and significant decline in US global influence. The petrodollar deal, dating from 1974, between the US and Saudi Arabia under which the Saudis agree to sell oil only for dollars, is under threat. The Saudis have been engaging in non-dollar oil trades since January 2023 and have been solidifying trade relations with Russia and China. The Saudis have also participated in a China-brokered deal to re-establish diplomatic relations with Iran, which is seen as a blow to US influence in the region. The cooling relationship between Riyadh and Washington is evidence of an ongoing relative decline in US control over global currency markets and the geopolitical order.
#SaudiArabia #UssaudiRelations #Petrodollar #GlobalInfluence
https://www.eurasiareview.com/16062024-saudi-arabia-drifts-away-from-washington-and-the-dollar-analysis/

2024-06-15 03:20:39

Death Of Petrodollar Is A Biden Legacy – OpEd
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The expiration of the 1974 US-Saudi 'oil-for-security' deal has far-reaching implications. It highlights the shifting power dynamics in the oil market with the emergence of alternative energy sources and new oil-producing countries challenging the traditional dominance of West Asia. The petrodollar's expiration could weaken the US dollar and the US financial markets, leading to higher inflation, higher interest rates, and a weaker bond market. Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, signaling a scaling up of commodity settlement outside of dollars. Russia also plans to create a new BRICS payments system bypassing the dollar altogether. The future of the dollar as the world's leading reserve currency is at stake, with coordinated moves by Moscow and Beijing to accelerate the 'de-dollarisation' process.
#Petrodollar #UssaudiOilforsecurityDeal #PowerDynamics #UsDollar #CentralBankDigitalCurrency #BricsPaymentsSystem #Dedollarisation
https://www.eurasiareview.com/15062024-death-of-petrodollar-is-a-biden-legacy-oped/

2024-06-15 03:20:17

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#note135x…xy5z

2024-06-15 03:20:05

Has Interventionism Jeopardized America’s Future? – OpEd
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President George Washington warned against entangling alliances. The US defense budget is unjustifiable, totaling $801 billion in 2021. The Department of Defense (DOD) recently failed its fifth consecutive audit. The US has among the highest debt-to-GDP ratios in the world. The Iraq war cost the American taxpayer upward of $3 trillion. The US funded mujahideen fighters in Afghanistan, leading to the formation of the Taliban. Foreign aid programs are notorious for their ineffectiveness and inefficiency. Most global events that affect the US do so because American policymakers want it that way. The cost of maintaining a large American empire is not justified morally or monetarily. The United States should reevaluate its designs on world primacy.
#Interventionism #UsDefenseBudget #IraqWar #Afghanistan #ForeignAid #AmericanEmpire
https://www.eurasiareview.com/15062024-has-interventionism-jeopardized-americas-future-oped/

2024-06-13 01:41:04

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#note10wv…6055

2024-06-13 01:40:53

Kyrgyzstan: Prosecutors Seek 20 Years For Peaceful Critics – OpEd
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Kyrgyzstan prosecutors are seeking 20-year sentences for a group of government critics in the Kempir-Abad case. The group, which includes human rights defenders, journalists, bloggers, and civil society activists, was arrested in October 2022 after peacefully campaigning against the transfer of jurisdiction over the Kempir-Abad dam to Uzbekistan. The trial has been marred by serious violations of due process and fair trial guarantees, including closed-door proceedings, limited access to defense lawyers, and rejection of defense motions. The prosecution has presented no credible evidence, relying on doctored recordings of discussions. The defendants have been arbitrarily detained, with some spending up to 19 months in pretrial detention. The case reflects a deterioration in civic space in Kyrgyzstan, with authorities cracking down on free speech and independent media. Human rights groups are calling for the charges to be dropped and the immediate release of the defendants.
#Kyrgyzstan #GovernmentCritics #HumanRights #KempirabadCase
https://www.eurasiareview.com/13062024-kyrgyzstan-prosecutors-seek-20-years-for-peaceful-critics-oped/

2024-06-12 00:19:00

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#note1u0c…kgly

2024-06-12 00:18:49

Deterring China: Imposing Nonmilitary Costs To Preserve Peace In The Taiwan Strait – Analysis
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The article discusses the urgency of deterring Chinese force against Taiwan and the need for a dynamic and constant approach to deterrence. It emphasizes the importance of conditioning China to recalculate the strategic usefulness of its coercion and aggression. The authors suggest focusing on deterring Xi Jinping specifically and imposing nonmilitary costs on China to change its calculations. They argue that the US and its allies should impose ongoing cost imposition retaliations on China and maximize political pressure on Xi. The ultimate goal is to compel Xi to reassess and recalculate, while sending clear signals that extreme measures could be taken in the event of an invasion of Taiwan. The authors stress the importance of avoiding dangerous kinetic escalation and normalizing cost imposition retaliation as part of the strategic and tactical architecture in the region.
#China #Taiwan #Deterrence #XiJinping #Coercion #Aggression
https://www.eurasiareview.com/12062024-deterring-china-imposing-nonmilitary-costs-to-preserve-peace-in-the-taiwan-strait-analysis/

2024-06-10 23:21:29

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#note1xns…fl7a

2024-06-10 23:21:18

The Emerging Economic Powers In Major Power Competition – OpEd
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The article discusses the role of emerging economic powers in the major power competition between the United States, China, and Russia. It highlights that these emerging powers, such as Brazil, Argentina, India, Australia, South Africa, Indonesia, and the UAE, will shape the 21st-century world order. The article also mentions that these middle powers play an important role in shaping global politics and can bring balance and stability to the international order. However, their tilt towards major powers can lead to regional crises and escalate into a global conflict. The article emphasizes the need for multilateral cooperation and the challenges in achieving it. It concludes that emerging powers can influence and reshape the global order but with dominance in the economic sphere by China and the security sphere by the US.
#MajorPowerCompetition #EmergingEconomicPowers #GlobalPolitics #InternationalOrder #MultilateralCooperation
https://www.eurasiareview.com/11062024-the-emerging-economic-powers-in-major-power-competition-oped/

2024-06-10 01:17:50

Both US Presidential Hopefuls Showing Signs Of Weakness – OpEd
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Both US Presidential Hopefuls Showing Signs Of Weakness – OpEd. America’s economy and society are strong, but there are discrepancies regarding the functioning of the country’s democracy. One court case was initiated when the adult film star Stormy Daniels was paid $130,000 hush money by former President Trump. Trump hid this money as administrative costs. Trump could be jailed for up to four years, but the judge may punish him with a short prison sentence, house arrest, or parole. There is no restrictive measure to prevent Trump from continuing with his candidacy for the presidency. Trump's presidency seems to be the most likely scenario. Despite being found guilty on 34 counts last month, Trump was able to divide the American electorate as much as he could and it appears that his supporters remain strong. Trump's lawyers have been able to delay the court case relating to the attack on the Capitol. New data shows that legal fees are costing Trump millions. On the other side, Joe Biden's future is not promising. President Biden’s son, Hunter Biden, is on trial accused of having lied on an application form to purchase a gun while addicted to a stimulant narcotic drug. Whoever wins between Trump and Biden, the free world may be led by someone with many shortcomings.
#UsPresidentialElection #DonaldTrump #JoeBiden
https://www.eurasiareview.com/10062024-both-us-presidential-hopefuls-showing-signs-of-weakness-oped/

2024-06-09 23:49:09

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#note15c0…rn7v

2024-06-09 23:48:58

Second Great Ape Species Discovered At Hammerschmiede Fossil Site
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An international team of researchers has discovered a previously unknown ape species called Buronius manfredschmidi in the Hammerschmiede clay pit in southern Germany. The ape lived about 12 million years ago and was contemporary but smaller than the great ape Danuvius guggenmosi. The discovery suggests that the diversity and ecology of European apes millions of years ago was greater and more complex than previously realized. The fossils, including two teeth and a kneecap, were found in 11.6 million-year-old sediment. The size of the fossils indicates that Buronius manfredschmidi weighed only around 10 kilograms, making it significantly smaller than today's apes. The tooth enamel analysis suggests that Buronius manfredschmidi had a vegetarian diet, while Danuvius guggenmosi was omnivorous. The discovery also provides evidence of syntopia, or coexistence, of two ape species in Europe. The Hammerschmiede site has been the subject of scientific excavations since 2011, and around 40,000 fossils of 150 vertebrate species have been recovered so far.
#ApeSpecies #Hammerschmiede #FossilSite #Discovery #Evolution #Ecology
https://www.eurasiareview.com/10062024-second-great-ape-species-discovered-at-hammerschmiede-fossil-site/

2024-06-09 00:33:04

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#note1lwk…5394

2024-06-09 00:32:51

Uncertain Seas: Navigating Security Challenges In East Asia – Analysis
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East Asia is home to a portion of the world’s most innovative and rapidly developing technologies, but it is also threatened by potential crises. The stability of East Asia is at risk as competition for military resources increases among countries like Japan, South Korea, and China. China's rapid economic growth and aggressive international policies have changed the international landscape and pose the greatest threat in East Asia. To counter China's growing aggression, the United States has shifted its focus to the Indo-Pacific region and has formed alliances with countries like Japan. The security of Northeast, Southeast, and South Asia are increasingly intertwined, with the East China Sea, South China Sea, and the Korean Peninsula being key areas of concern. ASEAN has played a significant role in regional stability and has positioned itself at the center of global security efforts. The non-economic challenges in East Asia have consequences for international security and economic expansion in the region. It is important to address these challenges to prevent disruption on a global scale.
#EastAsia #SecurityChallenges #China #UnitedStates #Asean
https://www.eurasiareview.com/09062024-uncertain-seas-navigating-security-challenges-in-east-asia-analysis/