US privilege becomes even more exorbitant
Today’s dollar jitters are no surprise; the few Keynesian economists left have long thought them overdue. Here’s why.
Today’s dollar jitters are no surprise; the few Keynesian economists left have long thought them overdue. Here’s why.
The environment is in trouble and the religious right doesn’t care. It’s time to act as if the future depends on us – because it does.
Saudi Arabia, the most powerful member of the Organisation of Petroleum Exporting Countries, said on Wednesday that global oil stocks needed to increase before Opec would have to cut production, a stance that puts it at odds with most of its fellow oil cartel members.
Russia is again calling for a Moscow-New Delhi-Beijing axis, an alliance of three nuclear-armed countries of some 2.5 billion people that theoretically would be able to balance US power in coming years.
Olivera — a shoe factory worker by trade — says oil and gas are vital to the sort of country the people are creating. “We want a different country,” he says, “and for that we need an economic base.” He sees Bolivia’s oil and gas reserves — second only to Venezuela on the continent — as the obvious economic foundation.
Tehran’s sense of strategic encirclement, allied to Washington’s hostile rhetoric, could make Iran the epicentre of the next regional crisis….Once more, the politics of energy, especially oil, emerges as the most potent hidden factor in regional political insecurity.
According to George Tenet, the former director of the CIA, “access to networks like the World Wide Web might need to be limited to those who can show they take security seriously.”
Plans by the Moscow-based company Gazprom to provide 10% of Britain’s natural gas requirements by 2010 underline Russia’s growing international importance as an energy supplier. Oil and gas bring political and economic clout. And they are fuelling a revival in Russia’s great-power ambitions.
After Iraq it is oil rich Venezuela led by Hugo Chavez that has become the center for confrontation between America and the Euro Zone.
Environmentalists see some of their worst fears playing out as President Bush moves to cement a second-term agenda that includes getting more timber, oil and gas from public lands and relying on the market rather than regulation to curb pollution.
The inability of the Pennsylvania legislature to devise adequate funding for public transportation is but another sign of how far removed from reality Americans and their elected representatives are.
We are so dependent on “just in time” deliveries that a strike by hauliers could halt factories, offices, shops, pubs, hospitals and waste collections, and bring Britain to a standstill within days.