Turkey

The End Of Cheap China - 16 Emerging Low Wage Economies

International capitalism requires a low-wage, high-growth region for high rewards on risk capital. In the 1880s it was the United States, for example. China was the most recent region, replacing Japan. No one country can replace China, but we have noted 16 countries with a total population of about 1.15 billion people where entry-level manufacturing has gone after leaving China.

Is The Syrian War About To Experience A Major Escalation?

"We’re going to war - either hybrid in nature to break the Russian state back to its 1990s subordination, or a hot war (which will destroy our country). Our citizens should know this, but they don’t because our media is dumbed down in its “Pravda”-like support for our “respectable,” highly aggressive government. We are being led, as C. Wright Mills said in the 1950s, by a government full of “crackpot realists: in the name of realism they’ve constructed a paranoid reality all their own.” Our media has credited Hillary Clinton with wonderful foreign policy experience, unlike Trump, without really noting the results of her power-mongering."

In Surprise Twist, EU Will Resume Turkey EU Membership Talks Just Days After Brexit Referendum

It appears that David Cameron may have fibbed a bit when he said that one of the most contentious issues behind the Brexit campaign, namely the treatment of Turkish EU membership, won't be a topic for "decades" and that Turkey won't join the EU until the year 3000. As AFP reports, “The EU will open new membership talks with Turkey as planned in a few days." Citing a source, AFP said that EU member states will meet June 30 to agree to open a new negotiating chapter with Turkey.

The Fed Has Lost Its "Myth Magic"

The Fed provides us with an illustration of how institutionalized cowardice has become worldwide. Rather than own up to the mess it has made, it hides behind a silly and superficial myth - that it can protect the economy with centrally planned interest rates. And now, thanks largely to its own mismanagement, the world is deep in debt, with far too many people all over the world who earn far too little income to support it.

US, Russian Warplanes "Clash" Over Syria

U.S. and Russian fighter jets bloodlessly tangled in the air over Syria on June 16 as the American pilots tried and failed to stop the Russians from bombing U.S.-backed rebels in southern Syria near the border with Jordan. The aerial close encounter underscores just how chaotic Syria’s skies have become as Russia and the U.S.-led coalition work at cross-purposes, each dropping bombs in support of separate factions in the five-year-old civil war.

UK Chancellor Demands Brexiters "Tone Down Rhetoric," Then Compares Them To Nazis

With the 'Remain' campaign having the momentum, the establishment are oh-so-carefully capitalizing on the death of MP Jo Cox, no matter what the facts are. In the latest piece of hysteria-mongering, a perfectly hypocritical UK Chancellor George Osborne demanded Brexit supporters use more "facts" and less "divisive political debate" seconds before comparing UKIP to the Nazis and reasserting his discredited doomsday predictions for the economy.

The State Department's Collective Madness

Over the past several decades, the U.S. State Department has deteriorated from a reasonably professional home for diplomacy and realism into a den of armchair warriors possessed of imperial delusions, a dangerous phenomenon underscored by the recent mass “dissent” in favor of blowing up more people in Syria. The neocons and liberal hawks who control the State Department – and are eagerly looking forward to a Hillary Clinton presidency – will never stop coming up with these crazy notions until a concerted effort is made to assess accountability for all the failures that that they have inflicted on U.S. foreign policy. Until then, the madness will continue and only grow more dangerous.

"I Don't Need A War In The Black Sea" - Another NATO Member Folds As Bulgaria Refuses To Join Naval Task Force

Following Germany's scandalous statement accusing NATO of "warmongering" toward Russia and revealing how deep the European fissures within NATO truly are, Reuters added that NATO-member, and Black Sea coast country Bulgaria "appeared to buckle to Russian pressure on Thursday" when its Prime Minister Boiko Borisov said he would not join a proposed NATO fleet in the Black Sea "because it should be a place for holidays and tourists, not war."

Greeks Send An Open Letter To UK Citizens About Brexit

Dear friends of democracy in the UK,

We want to express our solidarity as we know that you have to take a historical decision for your country and for your people, as we did last summer. On 23rd June 2016 you will have to decide in a referendum on the United Kingdom’s membership of the European Union. A referendum is a direct democratic element, the highest expression of the peoples will, a privilege and a rare opportunity in the European Union.  You have now the historical chance to mark your national independence day and stop the further transformation of Europe into a European dictatorship.

Noam Chomsky On The Breakdown Of American Society & A World In Transition

The US is facing uncertain times. While it remains the only global superpower, it is no longer able to influence events and outcomes to its liking, at least not for the most part. Frustration and worry about the risk of upcoming disasters seem to far outweigh US voters' hopes for a more rational and just world order. Meanwhile, Noam Chomsky argues, the rise and popularity of Donald Trump is occurring due to the fact that US society is breaking down. In this exclusive interview with Truthout, Noam Chomsky addresses contemporary developments in both the United States and around the world and challenges prevailing views about class warfare, neoliberalism as the outcome of economic laws, the role of the US as a global power, the status of emerging economies and the power of the Israel Lobby.

Islamic State Leader Reportedly Killed After Coalition Bombing

Asian, Iranian and Arab media reported Tuesday morning that Islamic State leader Abu Bakr al-Baghdadi died on Sunday after his hideout was bombed by the U.S. led-coalition.  The news about al-Baghdadi’s death came after an Iraqi TV channel reported last week that the ISIS boss had been wounded near the Iraqi-Syrian border.