World

High Prices Spark Anti-Government Protests in Iran

Iranians across the country joined in unauthorized protest last weekend to speak out against the government’s inability to fix ongoing economic troubles like rising prices and unemployment. Dozens of people have been arrested. Iran’s economy, which is largely dependent on oil, has long been plagued by high unemployment and double-digit inflation. Data from the International Monetary Fund shows inflation at ...

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Is War a Prospect with North Korea in 2018?

As Kim Jong Un continues to make threats against the U.S., while also deploying missile tests, the United Nations has made a last stitch effort to punish North Korea. The new U.N. sanctions that were introduced in September are expected to make a significant impact starting in next March. “In addition to further toughened sanctions, an increase in North Korea’s ...

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Time Heals Greece

Alone among the countries in the European Union that were bailed out following the global crash in 2008, Greece continues to operate subject to the terms of its multi-lateral assistance contract.  This contract, its third in a series of contentious ‘bail outs’ that tested the viability of the European Union, is set to end in August 2018. Greece’s recent economic ...

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German Intelligence: China’s Cyberspying Runs Deep

A top German intelligence officer said over the week that China is using social networks to spy on German citizens. Hans-Georg Maassen, the head of Germany’s domestic intelligence agency, said on Sunday that his agency, BfV, has identified at least 10,000 German citizens that have been targeted by China’s cyber espionage activities. Many of the victims were politicians and officials at ...

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Brexit: EU and Britain Reach Agreement on Divorce Terms

British Prime Minister Theresa May has finally reached an agreement with the European Union on Brexit divorce terms. The agreement, which comes more than a year after the Brits voted to leave the bloc, follows six months of intense talks and an all-night discussion with European Commission President Jean-Claude Juncker, the DUP, and the Irish government. The 15-page deal includes ...

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Maduro Purges the Oil Industry, Fires and Arrests 65 Execs

As the conditions in the socialist Venezuela only get worse for its citizens, Venezuela’s president Nicolás Maduro is desperately trying to revive the oil industry with a strategy that is likely to fail. In a dramatic move, Maduro has fired and arrested 65 former oil executives as part of a month-long purge on the oil industry. “The arrests and firings ...

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France’s Macron Wants to Pay People When they Quit

French President Emmanuel Macron is negotiating with businesses and labor unions as part of his plan to extend the country’s unemployment benefits to also include individuals who quit their jobs. Unemployment payments currently are reserved for those who have been fired or laid-off, but Macron believes that by extending the program to include those who leave an employer on their ...

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Merkel and the German Government Uncertain as Coalition Fails

German Chancellor Angela Merkel’s efforts to form a coalition government following the federal election in September failed this weekend when the Free Democrats (FDP) walked away from negotiations. “As chancellor…I will do everything to make sure this country continues to be well governed through the tough weeks ahead,” said Merkel. “It’s a day at the very least for a profound examination ...

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Venezuela In Default

Back at the end of October I wrote an article on Venezuela and how close the country was to default. The title of the article was “Venezuela Averts Default, But For How Long?” That question has now been answered, it took 16 days. According to S&P Global Ratings the South American country defaulted on a payment Monday after the 30-day ...

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Russia: From Worst to First in Wheat Exports

Throughout the second half of the 19th Century up until 1914, Russia generally accounted for a quarter to a third of the wheat available for trade on the world market. Fast forward a few generations to 1984-85 and the Soviet Union was slipping into an ever-tighter tailspin. To avoid famine, it was reduced to importing a record of over 55 ...

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