During the first months of this year, a series of news began to circulate that reported a critical situation within the United States armed forces. Likewise, serious difficulties were exposed for the military industry to meet the needs of the most powerful war apparatus on the planet. It was extremely surprising that most of the information comes from military sources ...
Elon Musk is unquestionably the most talked-about entrepreneur and businessman today, marking even world politics. The influence of businessmen and wealth holders on political power is a phenomenon that dates back to the earliest ages of history. Not going too far back, just mentioning names like Rockefeller, Rothschild and Ford would be sufficient. Their counterparts in Europe can be added ...
By Eva C. Schweitzer American universities have always had student quotas. A friend of mine whose father came from a family of Jewish immigrants from, I think, Ukraine, or maybe Russia, applied to Columbia University. That must have been about sixty years ago. Even then, Jewish Americans were interested in education, more than the Anglo elite, the Anglican Protestants from ...
The United States, which is spreading chaos around the world, is having a crisis at home. Leaving China, Russia, and Türkiye aside, US President Joe Biden urged Congress to accept a deal that would raise the government’s borrowing ceiling and prevent a catastrophic US default. After much wrangling, negotiators from the Democratic and Republican parties reached an agreement on May ...
By Michael Roberts * A recent paper by mainstream heavyweights, Ben Bernanke (former Federal Reserve chief) and Olivier Blanchard (former chief economist at the IMF) has raised some eyebrows. Bernanke and Blanchard seek to argue that the inflationary spike in the US since the end of Covid pandemic slump was down to a sharp rise in ‘aggregate demand’ and not due ...
By Özgür Altınbaş U.S. National Security Advisor Jake Sullivan made a statement full of confessions about the US economy. Stating that the economy can no longer be saved with the existing system, Sullivan called for increasing public investments. The US official also underlined that the American middle class is losing ground. The leaders of the system in the U.S. themselves ...
By Ana Laura Dagorret* Trump’s arrest in New York was probably one of the top news stories of the week. Major media outlets in the United States and around the world reflected the event with live broadcasts, analysis from legal and political specialists and speculation about the former president’s future ahead of next year’s elections. However, the story was more ...
By Michael Roberts * As I write, US regional banks stock and bond prices are diving. And a major international Swiss bank, Credit Suisse, is close to bankruptcy. A financial crisis not seen since the global financial crash of 2008 appears to be unfolding. What will be the response of the monetary and financial authorities? Back in 1928, the then US treasury ...
Second part of Şafak Erdem’s interview with Latif Bolat on the US Midterm elections and fundamental contradiction with the US. Do you think the US election will have an impact on the war in Ukraine? What kind of changes might occur? There are reports in the press that even Biden has sent intermediaries to Zelensky, telling him to seek a ...
Interview by Şafak Erdem The United States is going to elections. A great part of the Senate and the entire House of Representatives will be elected. These so-called midterm elections also provide an indication of tendencies towards the presidential elections in 2024. Which topics dominated the electoral campaigns? How are the Americans viewing the presented arguments? What kind of reshuffling ...