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The first Eurasia Economic Forum, held last week in Bishkek, Kyrgyzstan, should be regarded as a milestone in setting the parameters for the geoeconomic integration of the Eurasian heartland. Sergei Glazyev, Russia’s Minister in Charge of Integration and Macroeconomics of the Eurasia Economic Union (EAEU), is coordinating the drive to design an alternative monetary-financial system... Read More
The era of so-called industrial deregulation and globalized free trade, whose icon was the World Trade Organization (established in 1994), has been grotesquely misshaped into an era of restrictive trade, and mean-spirited and often petty recriminations in the form of targeted sanctions exercised mainly by the NATO powers. A strategy once applied with some sense... Read More
US sanctions imposed on Iran today are the greatest test so far of President Donald Trump’s ambition to act unilaterally in defiance of both rival powers and traditional allies. The aim of the Trump administration is to put enough economic pressure on Iran to force it to renegotiate the Iran nuclear deal of 2015 or,... Read More
Iranian President Hassan Rouhani did the right thing going on television and at least acknowledging popular anger over hard economic times. Inflation is high at 12% but down from 40% at the start of Rouhani’s first term. And the recent increase in fuel and food prices by up to 40% has hardly helped. That was... Read More
Iran is seeing its most widespread protest demonstrations since 2009. They are still gaining momentum and some 15 people are reported to have been killed, though the circumstances in which they died remains unclear. The motive for the protests is primarily economic, but many slogans are political and some directly attack clerical rule in Iran... Read More
My latest Newsbud video looks at signals from Secretary of Defense Mattis' trip to Asia and what it means for the South China Sea, East China Sea, and North Korea flashpoints. For now, Trump Asia policy looks pretty mainstream.One point I make in the piece is that Trump isn't necessarily eschewing bloody American military mischief;... Read More
What was the parade of European poodles thinking - that Tehran would just roll over and absorb the European Union's oil embargo, scheduled to start on July 1? No wonder Brussels was caught as a Gucci deer in the headlights when the news started to flow that Tehran would pre-empt the move and immediately slap... Read More
Introduction by Tom Engelhardt These days, with a crisis atmosphere growing in the Persian Gulf, a little history lesson about the United States and Iran might be just what the doctor ordered. Here, then, are a few high- (or low-) lights from their relationship over the last half-century-plus: Summer 1953: The Central Intelligence Agency and... Read More