World News

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Cuba: U.S. cows firms on embargo, harms economy

For more than half a century the U.S. has severely impeded Cuba's economy, costing the island nation $1,157,327,000, and millions to the U.S. economy, according to a United Nations resolution on the trade embargo.

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Japanese Communists may emerge as main opposition to "Abenomics"

International headlines have trumpeted Prime Minister Abe Shinzo's decisive win in Japan's upper house election July 21, but the election results indicate the potential defeat of the ruling Liberal Democratic Party's economic and constitutional agenda.

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Some 1.5 million disappear in Germany

Hard-hit Berlin, where 400,000 are unaccounted for, will now lose millions of euros in subsidies from the European Union and richer German states.


 

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Taking China's bullet train with slow clock

Last year, after participating in a Beijing conference on the crisis of capitalism and the future of world socialism, I took the bullet train to Nanjing, 620 miles away.

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Cyprus presidential election moves to second round

Austerity is the key issue facing Cypriot voters as they head to the polls for the second round of the presidential elections.

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Ecuadorian President Correa gains second term, scores big win

At least 51 percent of candidates of Correa's Alianza Pais political party gained National Assembly seats. Never before in Ecuadorian history has a single party held a legislative majority.

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Obama and Europe’s meltdown

Things are a little rocky in Europe these days.

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Cyprus feeling the effects of world economic crisis

As is widely known, the present financial crisis, a crisis of the system itself, has hit parts of Europe particularly hard.

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Evo Morales remains popular despite corruption charges

Socialist-oriented projects, aimed at shoring up national independence and protecting indigenous rights, were on track. Yet the specter of governmental corruption had materialized.

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