The New World Order is not turning out as planned. Instead of all power emanating from London and Washington, new power centres are emerging to the South and East: a new global equilibrium raises the possibility of a new post-imperial age of peace and equality between nations.
Posted by seumasach on November 19, 2012
Theresa Robles
19th November, 2012
GROWING DISCONTENT among emerging economies and developing countries marked the recently concluded Annual Meeting of the International Monetary Fund (IMF) and the World Bank in Tokyo. The implementation of the 2010 Governance and Quota Reform took the back seat to issues concerning the eurozone debt crisis.
Posted in Multipolar world | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on November 17, 2012
16th November, 2012
The Brazilian government said that it will not recognize the Syrian opposition coalition formed in Doha last week.
In a statement on Friday, Brazil’s Foreign Ministry Spokesman, Tovar Nunes, said that the UN Security Council has not recognized the legitimacy of this coalition yet.
He added that the Brazilian stance aimed at enhancing the role of the UNSC in the face of other groups were formed to discuss the situation in Syria, including the so-called “friends of Syria” group.
He expressed Brazil’s concern over the escalation of violence in Syria in case of arming the Syrian opposition since some countries publicly wished that as France and its president who recognized the coalition and said that the possibility of arming it is under discussion.
Posted in Multipolar world, Syria | Leave a Comment »
Posted by seumasach on November 17, 2012
17th November, 2012
Russian President Vladimir Putin says his country will back Egyptian efforts to put an end to the Israeli aggression in the besieged Gaza Strip.
Posted in Multipolar world, Palestine | Tagged: End Gaza blockade!, Palestine, Russian diplomacy | Leave a Comment »
Posted by seumasach on October 28, 2012
26th October, 2012
Exxon Mobil is no longer the world’s number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company.
Posted in Multipolar world | Tagged: Gazprom, Rosneft, Russian diplomacy, TNK-BP | Leave a Comment »
Posted by seumasach on October 27, 2012
25th October, 2012
The Eurozone meltdown has sent capital pouring into (temporarily) safe haven currencies like the US dollar, which rose by nearly 12% between October 2011 and August 2012.
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire | Leave a Comment »
Posted by seumasach on October 25, 2012
22nd October, 2012
The troubling side effects of quantitative easing in the U.S. are fast becoming evident in Asia, with policymakers in the region facing increasing pressure to step in and stem the rise in their currencies.
Posted in Currency Wars | Tagged: QE3 | Leave a Comment »
Posted by seumasach on October 25, 2012
QE bails out the banks at home and offloads the crisis onto the Global South
25th October, 2012
Chile’s ability to depreciate its peso is limited as developed countries and China fight “currency wars” that keep their exchange rates artificially weak, the Andean nation’s Finance Minister Felipe Larrain said in an economic forum yesterday.
Posted in Currency Wars | Tagged: QE3 | Leave a Comment »
Posted by seumasach on October 24, 2012
24th October, 2012
A “renminbi bloc” has been formed in East Asia, as nations in the regionabandon the US dollar and peg their currency to the Chinese yuan — a majorsignal of China’s successful bid to internationalize its currency, a researchreport has said.
Posted in Currency Wars | Tagged: rising yuan | Leave a Comment »
Posted by seumasach on October 10, 2012
M.K.Bhadrakumar
11th October, 2012
A multi-billion dollar arms deal with Iraq, a summit meeting with Turkey, a fence-mending exercise with Saudi Arabia, a debut with Egypt’s Sphinx-like Muslim Brothers – all this is slated to happen within the period of a turbulent month in the Middle East. And all this is to happen when the United States’ “return” to the region after the hurly-burly of the November election still seems a distant dream. Simply put, Russia is suddenly all over the Middle East.
Posted in Multipolar world, Syria | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on October 9, 2012
Romney’s speech reflects the impasse of US foreign policy and the failure of its drive to global hegemony. Whilst “Banghazigate” was the cue for the usual foreign policy rotation the re-orientation to the control of the Americas, which could have been imputed to Romney, has already failed and Chavez is stronger than ever. The USA doesn’t know what to do and the only realistic policy, a constructive engagement with Russia, China and the NAM, is out of bounds
John Glaser
8th October, 2012
Republican nominee for President Mitt Romney gave what was supposed to be a major speech on foreign policy on Monday, arguing that President Obama has not shown “leadership” and that “nowhere is this more evident than in the Middle East. ”
Posted in Multipolar world | Tagged: Romney agenda | Leave a Comment »
Posted by seumasach on October 8, 2012
20th September, 2012
Guido Mantega, Brazil’s finance minister, has warned that the US Federal Reserve’s “protectionist” move to roll out more quantitative easing will reignite the currency wars with potentially drastic consequences for the rest of the world.
Posted in Currency Wars | Tagged: QE3 | Leave a Comment »
In These New Times 