There are few solid estimates of the effectiveness of the sanctions against Iran. It seems clear that inflation has risen substantially because of the sanctions, but there is little evidence that the Iranian regime is changing its nuclear policy. However, there is increasing evidence that the US is having a very difficult time persuading its allies, notably Turkey and Pakistan, to adhere to the sanctions. If true, then the sanctions will only weaken over time.
The President of Argentina, Cristina Fernández de Kirchner, published a letter written to British Prime Minister, David Cameron, protesting British control of the contested Falklands/Malvinas Islands. Publishing letters is not standard diplomatic activity, and Cameron was quick to respond. The two countries fought a war over the islands in the 1980s, and the issue has been moved to the front burner in Argentina as Kirchner’s popularity has declined due to economic turmoil. Whether hostilities will erupt again remains to be seen.
The aggregate net worth of the 100 richest people on the planet was $1.9 trillion in 2012. It was a great year for the super wealthy. Ordinary Greeks, on the other hand, have bee reduced to a barter economy.
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