To widespread dismay, Colombians voted on Sunday to reject an agreement that might have ended Latin America’s longest-running armed conflict — a decades-long insurgency that has taken more than 220,000 lives, displaced more than 10 percent of the country’s people, and inflicted enormous economic damage. The upset underlines the risks of government by referendum — as if further proof ...
Read More »Strong thrust to Islamic economy crucial
Despite the market headwinds, Islamic economy is gaining traction. And recent studies substantiate the fact that the segment offers hope to achieve economic stability. Strong retail demand and proactive regulations have boosted the Islamic banking sector. According to rating agency Moody’s, the growth of Islamic banking is outpacing conventional banking. Another study said the compound annual growth rate or ...
Read More »Deutsche Bank touches a nationalist nerve
The International Monetary Fund warned three months ago that Deutsche Bank posed a potential systemic threat to the global financial system. Today the problems facing Germany’s largest lender are fueling a different kind of risk: that of a growing nationalist backlash in Germany. On Monday, the chairman of the German parliament’s economics committee Peter Ramsauer gave an interview to ...
Read More »Ex-con stigma explains why American men don’t work
About 7 million American men of prime working age (25 through 54) are not in the labor force, according to the Bureau of Labor Statistics. That means they don’t have a paid job and haven’t been actively looking for one. This figure does not include those in jail or prison. It does include students and men staying home to ...
Read More »Trump’s 1995 return shows good tax policy at work
The big news this weekend was the leak of Donald Trump’s 1995 tax returns to the New York Times. The returns showed that in that year, Trump claimed $916 million worth of business losses; those losses, said the Times, “could have allowed him to legally avoid paying any federal income taxes for up to 18 years.†Liberal social media ...
Read More »Syria army advances in Aleppo after USA drops Russia talks
Aleppo / AFP Syrian regime forces advanced against rebels during intense street battles in the heart of Aleppo on Tuesday, after the United States abandoned talks with Russia aimed at reviving a ceasefire deal. The UN rights chief appealed for action to halt the “ghastly avalanche of violence” unfolding in Syria’s second city, which is reeling from some of ...
Read More »Suicide attack on Syria wedding kills 34
Hasakeh / AFP A suicide bomber struck a wedding in northeast Syria as the bride and groom were exchanging vows, killing 34 people and wounding dozens, the local Kurdish government said. The bomber blew himself up late Monday in the village of Tall Tawil in Hasakeh province where a Kurdish party official was getting married. The IS extremist group ...
Read More »Turkey suspends 12,000 cops in coup probe
Ankara / AFP Turkey on Tuesday suspended more than 12,000 police officers over alleged links to Muslim cleric Fethullah Gulen, accused of masterminding the failed July coup, in the latest move under the controversial state of emergency. Meanwhile, a prominent pro-Kurdish television channel was raided and broadcasts cut under the emergency laws, over accusations of supporting Kurdish militants. Of ...
Read More »Brotherhood leader shot dead in Egypt
Cairo / AFP Egyptian police shot dead two members of the Muslim Brotherhood, one of them a senior leader of the outlawed group, the interior ministry said on Tuesday. The ministry charged that Mohamed Kamal headed the military wing of the movement of ousted president Mohamed Morsi, although the group has always denied having one. It said that he ...
Read More »Afghan forces flushing Taliban militants out of Kunduz
Kunduz /Â AFP Afghan forces were conducting clearing operations in Kunduz early on Tuesday, warning that Taliban militants were hiding in civilian homes after an hours-long assault on the city repelled with the help of NATO air support. Helicopters hovered over the strategic provincial capital and special forces were stationed in the main square, but with fighting still in the ...
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