Tag Archives: Economics

Turkey’s currency collapse shows just how vulnerable its economy is to a crisis

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Sometimes you have to look back to move forward. AP Photo/Lefteris Pitarakis

Can Erbil, Boston College and Umit Ozlale, Özyeğin University

If you happen to be a tourist in Turkey right now, consider yourself lucky. Otherwise, things look grim.

The Turkish lira has lost as much as a third of its value relative to the U.S. dollar in less than a month and recently hit a record low. As a result, all imported goods became more expensive practically overnight. And because Turkey is heavily dependent on foreign goods, most everything was affected, including gasoline, food, furniture and clothing. Turks are worried that more price hikes and possible shortages of imported medicine are on the way. Continue reading

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Trump’s Drastic Cuts to UNRWA Spell More Poverty, Hopelessness, and Radicalization in Palestine

In an attempt to pressure the Palestinian people to accept his “deal of the century,” Trump decided to drastically cut the annual U.S. contribution to UNRWA from about $350 million to $65 million and pressured other countries, including Britain and Australia, to reduce their contributions as well.

By Hisham H. Ahmed, Ph.D. Published 8-17-2018 by MintPress News

Schoolgirls at the UNRWA Rimal Girls Preparatory School in Gaza. Adel Hana | AP

UNRWA, the United Nations Relief and Work Agency for Palestine Refugees, was established in December 1949 by United Nations General Assembly Resolution 302 to address the basic humanitarian needs of the hundreds of thousands of Palestinians who became refugees in the first Arab-Israeli war in 1948.

As its name reveals, UNRWA’s mission was centered on providing relief rations, basic healthcare, education and employment opportunities for the refugees who lost all of their livelihood. Underlying UNRWA’s establishment was the goal to integrate refugees into the neighboring Arab host countries, so as to diffuse tensions and promote regional peace and stability. Continue reading

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Demanding Wide-Reaching Reforms and an End to Slavery, Inmates in 17 States Plan Prison Strike

“Every single field and industry is affected on some level by prisons, from our license plates to the fast food that we eat to the stores that we shop at.”

By Julia Conley, staff writer for Common Dreams. Published 8-18-2018

Supporters of Florida’s prison strike in January. (Photo: @IWW_IWOC/Twitter)

Incarcerated Americans in at least 17 states will go on strike this coming week, refusing to perform labor and engaging in sit-ins and hunger strikes to demand major reforms to the country’s prison and criminal justice systems.


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Senate Dems Threaten Suit to Get Kavanaugh Records as Poll Shows Trump Nominee Least Popular in Decades

“Not only is Brett Kavanaugh extreme, he’s wildly unpopular. The momentum is on our side, and we’re not done yet.”

By Jessica Corbett, staff writer for Common Dreams. Published 8-16-2018

While Senate Democrats continue to fight for records pertaining to President Donald Trump’s U.S. Supreme Court nominee Brett Kavanaughthreatening on Thursday to sue the National Archives for documents detailing his time working for the second Bush administration—a new poll from CNN revealed Kavanaugh is the least popular nominee in more than three decades.

The survey (pdf), conducted by SSRS and published Thursday, found that only 37 percent of Americans want the Senate to confirm Kavanaugh, which CNN noted “is the lowest in polling dating back to Robert Bork’s nomination by President Ronald Reagan in 1987.” Forty percent of those polled said they oppose Trump’s nominee, while 22 percent said they have no opinion. Continue reading

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‘Potential War Crimes’: Lawmakers Demand Answers About US Role in Saudi Slaughter of Yemeni Civilians

Noting that he served on active duty as a Judge Advocate General officer in the U.S. Air Force, Lieu wrote that “a number of the coalition’s airstrikes look like war crimes.”

By Jake Johnson, staff writer for Common Dreams. Published 8-15-2018

Yemenis gather next to the destroyed bus after last week’s airstrike. Screenshot: PressTV

In the wake of the U.S.-backed Saudi-led coalition’s horrific bombing of a school bus last week that killed 40 Yemeni children and amid reports on Tuesday of dozens more civilian deaths after a new wave of Saudi bombings, Rep. Ted Lieu (D-Calif.) has sent a detailed letter (pdf) to the Department of Defense Inspector General demanding an investigation into whether Trump administration officials violated U.S. or international law by assisting the Saudis in their assault on Yemen.

The Saudi-led coalition, which receives essential military support and intelligence from the U.S., “has repeatedly hit civilian targets—including schools, hospitals, funerals, and weddings—nowhere near military targets,” Lieu writes, pointing to an analysis by the Yemen Data Project showing that a third of Saudi bombings in Yemen have hit civilian targets. “I previously served on active duty as a JAG [Judge Advocate General] and a number of the coalition’s airstrikes look like war crimes.” Continue reading

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In Latest Attack on Fair Housing Act, Carson Moves to Gut Anti-Segregation Rule

“Without this rule, communities will not do the work to eliminate discrimination and segregation.”

By Julia Conley, staff writer for Common Dreams. Published 8-14-2018

Under President Donald Trump, the Housing and Urban Development Department—tasked with ensuring that fair housing practices are followed—has all but abandoned its mission, critics say. (Photo: Culture:Subculture Photography/Flickr/cc)

With much of the corporate media’s attention focused on Tuesday on President Donald Trump’s latest reported racist remarks, the president’s Department of Housing and Urban Development (HUD) made its latest move away from its core mission of ensuring all Americans of all races have access to fair housing.


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Anti-Pipeline Kayaktivists Hit With Felony Charges Under Louisiana’s New ALEC-Inspired Law That Criminalizes Protest

Activists battling the pipeline project say the fossil fuel company’s private security “abducted” the kayakers before they were charged by police

By Jessica Corbett, staff writer for Common Dreams. Published 8-12-2018

Three kayaktivists who oppose the Bayou Bridge Pipeline in Louisiana were charged with felonies Thursday under a new state law that criminalizes peaceful protests of fossil fuel projects. (Photo: L’eau Est La Vie/Facebook)

Three kayaktivists who oppose construction of the Bayou Bridge Pipeline—the tail end of Energy Transfer Partners’ Dakota Access Pipeline—are reportedly the first people to be charged with felonies under a new Louisiana law that, like a model bill crafted by the right-wing American Legislative Exchange Council (ALEC), criminalizes peaceful protests of fossil fuel projects.

The collective of activists fighting against the pipeline—who have created the L’eau Est La Vie (Water Is Life) floating resistance camp—said on Twitter Thursday that three kayakers were “abducted” by the pipeline company’s private security while boating through public waterways, and then arrested. Continue reading

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‘Guilty on All Counts!’: In Historic Victory, Monsanto Ordered to Pay $289 Million in Roundup Cancer Lawsuit

“This is a company that has always put profits ahead of public safety, and today, Monsanto has finally been held accountable.”

By Common Dreams. Published 8-10-2018

A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weedkillers, including Roundup, caused him cancer and ordered the company to pay $289 million in damages. (Photo: London Permaculture/cc/flickr)

In an historic victory for those who have long sought to see agrochemical giant Monsanto held to account for the powerful company’s toxic and deadly legacy, a court in California on Friday found the corporation liable for damages suffered by a cancer patient who alleged his sickness was directly caused by exposure to the glyphosate-based herbicides, including the widely used weedkiller Roundup.

As Reuters reports: Continue reading

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Viral Tweet Helps Fuel 5.8 Million Frequent Flyer Mile Donations to Families Separated by Trump

A charity dedicated to reuniting refugee families using donated miles expects to be able to help 390 people thanks t-o the new contributions-

By Julia Conley, staff writer for Common Dreams. Published 8-10-2018

Screenshot: CNN

With many keenly aware of the chaos and heartache President Donald Trump caused by implementing his family separation and child detention policies, Trump critics have donated millions of frequent flyer miles to families who remain separated more than a month after the president was forced to end the practice.


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‘We Just Bombed a SCHOOL BUS’: Outrage After US-Backed Saudi Coalition Slaughters Children in Yemen

At least 29 children were killed in the latest attack on civilians by Saudi and UAE forces, which are supported by the United States

By Julia Conley, staff writer for Common Dreams. Published 8-9-2018

Dozens of children—most reportedly under the age of 10—were killed and wounded by an air strike launched by the U.S.-backed Saudi coalition in Yemen on Thursday. The attack targeted a school bus. (Photo: @FrancescoRocca/Twitter)

Declarations of outrage were followed by demands for an immediate investigation on Thursday after reports that the U.S.-backed Saudi coalition slaughtered dozens of innocent civilians, including many children traveling on a school bus, when it bombed an area near a crowded market in Yemen.

The International Committee of the Red Cross reported on Twitter that its medical team had received “the bodies of 29 children, all under 15 years old” and was treating “48 injured people, among them 30 children.” Continue reading

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