29 July 2015   Leave a comment

Greece is far from the only debt-troubled state in the system.  Puerto Rico, officially a Commonwealth Territory of the United States, has announced that it cannot repay about $72 billion of debt.  Interestingly, even though it has borrowed any money from the IMF or any of the insitutions associated with Greece, the solutions offered for its debt crisis are remarkably similar to the austerity program of the troika.  The Centennial Group, a private think-tank partially composed of many hedge funds that own Puerto Rico’s debt, has issued a report entitled “For Puerto Rico, There is a Better Way.”  Their advice?  Lay off teachers and close schools so that the debt can be repaid.

Mullah Mohammad Omar was the leader of the Taliban in Afghanistan in 2001 when the government of that country refused to hand over Osama bin Laden to the United Nations and the United States after the attacks on the US on 11 September 2001.  He was an elusive leader and all US attempts to apprehend or kill him during the long war in Afghanistan were futile.  We have found out today that Mullah Mohammad Omar died in 2013.  His death has led to a split within the Taliban which has complicated attempts to forge a peace agreement in Afghanistan.

Migrants eager to enter Great Britain have stormed the Channel Tunnel leading to increased security in both France and Great Britain in an effort to stem the dangerous flight route.  There are thousands of migrants camped out near Calais, France who wish to go to Great Britain since the British do not have national identity cards and it is easier to blend into the British economy.  The migrants try to jump on trucks and trains as they pass through the tunnel and many have died.  The crisis in the tunnel is the extension of the crisis that exists in the dangerous route across the Mediterranean into Italy.

Posted July 30, 2015 by vferraro1971 in World Politics

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.