WORLD

What the Iran deal means for Tehran's nuclear program — and for the future of the Middle East. A final, comprehensive agreement is yet to be drafted and signed, but by all indications negotiators have finally achieved a breakthrough in the decade-and-a-half-long Iranian nuclear negotiations.
It turns out that that a large-scale conflict in the Asia-Pacific is much more difficult to imagine than China hawks like to pretend. China has become the bête noire of U.S. security policy, the new universal enemy to replace the Soviet Union.
In the U.S. war on Iraq, hundreds of thousands died the sort of deaths that, if broadcast in an ISIS video, would have inflamed international opinion. The Middle East is suffering the blowback from rotten U.S. policies, disastrous wars, and cultural turmoil. ISIS and its ilk are one result.
It seems like only yesterday that American battleships were declared obsolete (though some still exist) because they were sitting ducks, required too much personnel, and their shells were unguided. As well, aircraft carriers suffer from the first two shortcomings. The consensus was that the future of sea warfare was submarines with their stealth, mobility, and guided missiles.
Myths are dangerous because they rely more on cultural memory and prejudice than facts. And behind the current crisis between Greece and the European Union (EU) lies a fable that bears little relationship to why Athens and a number of other countries in the 28-member organization find themselves in deep distress.
If Karl Marx were to miraculously reappear in 2011, what would he make of the world today? Firstly, no doubt, he would feel some dismay that despite the advent of space travel, robotics and fibre optic cables, modern medicine has failed to develop an effective cure for carbuncles – an affliction he endured for the better part of his mature…
Washington sanctions North Korea and Iran while bolstering its own nuclear arsenal and turning a blind eye to Israel's.
The costs and risks of maintaining the eurozone system are already immense and rising. So is an exit possible? Intuitively, the exit from the euro should be as easy as the entrance. Joining and leaving the club should be equally simple. Leaving is just undoing what was done before. Indeed, many popular articles discuss the prospects of an exit of…
It is a truism to say that democracy began with the Greeks – less so to say that it originated in popular rebellion against debt and debt-bondage. Yet, with the Greek people ensnared once more in the vice-grip of rich debt-holders, it may be useful to recall that fact. For the only hope today of reclaiming democracy in Greece (and…
The problems of the eurozone are ultimately malinvestments. In Greece these days the struggle continues about who will ultimately foot the bill for these investments. During the early 2000s an expansionary monetary policy lowered interest rates artificially. Entrepreneurs financed investment projects that only looked profitable due to the low interest rates but were not sustained by real savings. Housing bubbles…

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