Saudi Arabia on Monday said this year’s budget deficit amounted to $135 billion (367 billion riyals) as lower oil prices cut into the government’s main source of revenue, prompting the kingdom to scale back spending for the coming year and hike[…]↓ Read the rest of this entry…
Bankruptcy is a financial situation in which someone is unable to repay their outstanding debts. Individuals go bankrupt, businesses go bankrupt, but one fact that you might not know is that countries can also go bankrupt. When individuals and businesses[…]↓ Read the rest of this entry…
Switzerland will hold a referendum to decide whether to ban commercial banks from creating money. The Swiss federal government confirmed on Thursday that it would hold the plebiscite, after more than 110,000 people signed a petition calling for the central[…]↓ Read the rest of this entry…
Washington will not share intelligence data on ISIS positions in Syria and will not accept Moscow’s offer to cooperate on rooting out terrorism until Moscow changes its position on Syrian President Bashar Assad’s future, the Pentagon said. Ever since the[…]↓ Read the rest of this entry…
One month ago, after a farcial year-long campaign to “destroy” ISIS, which achieved absolutely nothing but made the Islamic State grow bigger and stronger, culminating with the numerous terrorist attacks in the month of November, former CIA deputy director Michael[…]↓ Read the rest of this entry…
The United States and its allies are responsible for completely destroying Libya, perhaps the richest country with a highest standard of living in Africa, an American journalist and political analyst says. Don DeBar, an anti-war activist and radio host in[…]↓ Read the rest of this entry…
Back in May, Seymour Hersh upended the “official” narrative surrounding the death of Osama bin Laden and in the process created a media firestorm prompting a response from the White House. The explosive revelations about the events that ultimately led to bin[…]↓ Read the rest of this entry…
SpaceX’s Falcon 9 rocket successfully landed upright on solid ground at Cape Canaveral, Florida this evening, after traveling into space and back. It’s the first time SpaceX has been able to gently touch down the Falcon 9 post-launch — something[…]↓ Read the rest of this entry…
There’s no shortage of speculation about the possible role the West plays in funding, arming, and otherwise assisting Islamic State. The theories range from the outright conspiratorial (the CIA created and to this day supports the group) to the probable[…]↓ Read the rest of this entry…
Over the past few years the dollar has staged an impressive comeback. Not because there’s anything fundamentally good about this currency’s future prospects, but because for the interim, most of the economies in world aren’t doing so hot. For a[…]↓ Read the rest of this entry…
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