If you want to know why the world is so focused on an Israeli attack on Iran, you don’t need to look any further than the geopolitics of oil movements. The US Energy Information Agency has just published a memo on “World Oil Transit Chokepoints” which highlights the Strait of Hormuz at the end of the Persian/Arabian Gulf. It is, however, only one of many such problem areas.
The Pew Research Center has released a study on the American middle class, and its results are sobering. The American middle class has shrunk considerably since 1971 and most of its former inhabitants have moved down and not up the income scale. The demographics of the change are an incredible snapshot of American society.
The forced austerity program imposed on Greece is an attempt to secure what is known as an “internal devaluation.” Since Greece’s currency is a shared one, the euro, it cannot devalue the currency it uses in order to change its prices and wages simultaneously. An internal devaluation pushes down wages, but can only affect prices marginally so the society as a whole suffers a great deal. One way to address this imbalance is to sell assets to outsiders (like a port, an airline, or a park). Apparently, Greece is considering selling some of its uninhabited islands to outsiders. You could probably buy one for a “relatively” low price.
World Politics News 
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