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Foreign Policy magazine argues that Israel and Palestine are both tiny areas, basically large metropolises, and that it is in the economic interests of both to find a working peace. Herein lies on the only real hope of peace, and it is the issue that politicians and mediators should focus on. A refereshing look at a very jaded topic.
Following Russia's military incursion in Ukraine, the US immediately threatened various sanctions against Moscow, including personal travel bans, an ejection from Russia from the G8, and trade and finance measures. In retaliation, a Putin advisor warned that Russia could abandon the dollar as a reserve currency and/or default on loans to US banks. Neither party however can afford any form of action, nor do they have any real influence over each other’s economies. Read more
Joseph E. Stiglitz,
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