By Juan Cole | (Informed Comment) | – – Big news on the wind power front. First, it has emerged in the US as the number one renewable energy source, generating more electricity than hydro-electric for the first time. This milestone came in 2016 after 8,727 megawatts (MW) of new wind installations were activated. For […]
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Development
Can Saudi Arabia Survive its Economic ‘Shock Therapy’?
By Nasser Saidi | (Project Syndicate) | – – BEIRUT – Saudi Arabia has long relied on oil to fuel its economic growth and development. Last year, oil accounted for about three-quarters of the Kingdom’s total export revenues and around 90% of government revenue. But the recent collapse in oil prices highlighted what should long […]
Is the Mideast disintegrating or just being Auctioned Off?
By Patrick Cockburn | ( Tomdispatch.com) | – – We live in an age of disintegration. Nowhere is this more evident than in the Greater Middle East and Africa. Across the vast swath of territory between Pakistan and Nigeria, there are at least seven ongoing wars — in Afghanistan, Iraq, Syria, Yemen, Libya, Somalia, and […]
Surprise! Despite Syria-Iraq Turmoil, Major Mideast Economies growing 3-4%
By Juan Cole | (Informed Comment) | – – When you only hear bad news from a place, you form a negative opinion of it. But when I went looking for news about the economies of the most populous Middle Eastern countries, I was surprised to find that the IMF and/or World Bank is seeing […]
Climate Change to throw 100 mn. People into Poverty
By Thalif Deen | (Inter Press Service) | – – UNITED NATIONS (IPS) – The UN’s heavily-hyped Sustainable Development Goals (SDGs), which were approved by more than 160 world leaders at a summit meeting in September, are an integral part of the world body’s post-2015 development agenda, including the eradication of hunger and poverty by […]
Thanks to Sanders, Democratic Party Just Debated Capitalism
By Sarah Lazare, staff writer | ( Commondreams.org) | – – Presidential hopefuls broke usual parameters of discourse when they debated capitalism versus socialism Tuesday night. Breaking the usual parameters of election season discourse, Democratic presidential hopefuls Tuesday night debated the merits of capitalism on the national stage—a development that many attribute to the candidacy […]
To Contain Carbon Bomb, US Must End Fossil Fuel Leasing on Public Lands
By Deirdre Fulton, staff writer | (Commondreams.org) | – – ‘Each new lease puts us farther down the path toward climate catastrophe,’ says Friends of the Earth If the U.S. government wants any chance of meeting its stated global climate pledges, it should start by curbing emissions from publicly owned property and end new fossil […]
As Oil Prices Crater, Algeria needs an Actual Economy or big Trouble Looms
By Allan Christelow | (Informed Comment) | – – Like other oil producers, Algeria faces difficulties with the sharp decline in prices since 2014. But unlike oil producers in the Gulf region, Algeria has a strong tradition of public discussion, a tradition that has managed to survive the concentration of wealth in the hands of […]
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