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Almost exactly 70 years after the signing of the Bretton Woods agreement, five major emerging economies, known collectively as BRICS, have created new institutions that would initially supplement and could eventually replace the World Bank and the International Monetary Fund, which have failed to respond adequately to the needs of a changing world.
2014/7/23
Recently, Indian Prime Minister Narendra Modi came to this tiny kingdom and made a good impression of continued friendship and assistance even though he mistook the host's name as Nepal and Ladakh during his speech in the Parliament. Modi's visit highlighted Bhutan's geostrategic location at the roof of the world. Apart from India, major powers such as China, the U.S. and EU are closely watching.
2014/7/22
For years, the publicly adversarial role the Pakistanis took on drones while privately either condoning or even encouraging them was one side of a seemingly intractable problem; the other side being the arrogance of the U.S. when it came to working with Pakistanis, who the American side seemed more interested in brushing off than finding ways to work with to address legitimate Pakistani concerns.
2014/7/22
Many battles have been fought in the 365-square-kilometer Gaza Strip in Palestine where 1.9 million Arab people now live. Another battle, between Hamas and Israel, is under way. Israel launched a ground operation last Thursday, following a 10-day campaign of more than 2,000 air strikes against Gaza that failed to halt relentless Hamas rocket fire on Israeli cities.
2014/7/21
It is imperative that Russian-backed rebels allow international investigators unimpeded passage to the wreckage in east Ukraine
2014/7/21
“That is just so stupid, and so much stupidity makes you want to cry.”
2014/7/20
It's been a momentous week for Russian President Vladimir Putin. While the major media focused on his trip to Brazil to accept the handover for the next FIFA World Cup soccer tournament in Russia as well as his participation in the Summit of the BRIC economic powers, the real story was the largely overlooked wraparound of his Latin American charm offensive. Here's the background.
2014/7/19
The global crisis is essentially a dollar crisis, which might have a spill-over effect into the next world war. In an interview with USA Watchdog, Egon von Greyerz, founder of Matterhorn Asset Management, says another world war seems inevitable. “That's been the rule whenever an empire is collapsing. The actions they take are they start wars everywhere, because then you can frighten people and you can borrow more money. Of course, to some extent, the United States has done that ...
2014/7/19
Like being tortured all over again. This must be how it feels for the tens of thousands of survivors required to relive the nightmare of their incarceration and abuse during Ferdinand Marcos' dictatorship, to be able to qualify for a share of the compensation set aside for them.
2014/7/18
The appalling rape and murder of a 13-year-old girl on a Bangkok-bound train last week generated widespread discussion in the social and mainstream media about possible solutions to Thailand's rampant sexual violence. The many factors contributing to the problem have been scrutinized in detail, but let's face the cruel truth: we must first acknowledge our sexist culture and then try and dismantle it.
2014/7/17
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