KINGSTON, December 7, 2015- The Euro hit a nine-year trough on Wednesday, as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.
The contemporary world system has shaped as a result of centuries - old colonial and neo-colonial policy of the West. The material well-being of «gold bullion» states is not based on effective economy but rather on global system created to exploit the poor South by the rich North.
On December 17, US President Obama ordered the restoration of full diplomatic relations with Cuba. He and Cuban President Raul Castro agreed in a phone call on the opening of embassies in each other's countries. The two leaders made the announcement in simultaneous televised speeches. It happened after 18 months of secret talks as the Vatican facilitated the deal. (1)
JAMAICA OBSERVER EDITORIAL, December 21, 2014 - HISTORY will absolve President Obama's decision to mend fences with Cuba and his view that the US embargo no longer has any constructive purpose. Jamaica, wisely, has long opposed the embargo and repeatedly called for the end to this policy.
HAVANA, Cuba, Dec 20 (acn) US President Barack Obama will announce new executive measures next month aimed at improving relations with Cuba, according to White House officials cited by The New York Times.
President Barack Obama has bungled the job of appointments to key national security positions for the past six years, and the nomination of Ashton Carter will allow him to maintain his streak. Carter is the classic example of the defense intellectual who has labored in the halls of academe, and then becoming extremely hawkish as he or she attains status and influence in the halls of the Pentagon.
WASHINGTON DC, December 10, 2014 - The intelligence committee of the United States Senate has released its long-awaited congressional report detailing the CIA’s use of torture on prisoners in the wake of the September 11, 2001 terrorist attacks.
Energy prices started to move downward in late-2014, when Saudi oil began to flood energy markets. Variations of two main schools about this emerged. One school explained things purely on the basis of business interests whereas the other school viewed the drop in oil prices geopolitically.