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The efforts to isolate Russia exposed instead the isolation of the G7

9:32 12.06.2023

The efforts to isolate Russia exposed instead the isolation of the G7

The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than the G7 economies, writes Richard Wolff, an author of ‘Capitalism Hits the Fan’ and ‘Capitalism’s …

‘Forbs’: The EU was created to serve the economic growth but now it is more of an extension of the policy platforms

9:31 12.06.2023

‘Forbs’: The EU was created to serve the economic growth but now it is more of an extension of the policy platforms

The Eurozone is in a technical recession, with first quarter GDP at -0.1%. It could be worse. The Russian war in Ukraine has packed a wallop on Europe with food prices rising and energy scarcity leading to closed factories and steel mills. But the worst-case scenarios for markets never played …

US military equipment for Ukraine will take months or years to deliver

9:30 12.06.2023

US military equipment for Ukraine will take months or years to deliver

The Pentagon committed an additional $2.1 billion in a long-term arms package for Ukraine that will provide air defense systems, artillery munitions, hand-launched drones and laser-guided rockets. The money will bankroll the purchase of Hawk launchers and missiles, two types of advanced Patriot air-defense missiles and Puma reconnaissance drones as …

Sobering up at the end of the first week of the Ukrainian counter-offensive

9:29 12.06.2023

Sobering up at the end of the first week of the Ukrainian counter-offensive

Both the attacks near Velyka Novoselka at the beginning of the last week and the attacks near Orikhov since Thursday have not yet led to the liberation of either cities or even villages, writes German ‘Bild’ . One thing is already clear: those who expected that Ukraine would quickly win …

The ‘Economic collapse’ blog: This is the end of a mega-cycle

11:06 11.06.2023

The ‘Economic collapse’ blog: This is the end of a mega-cycle

“Have we finally reached the end of the road?” – an American ‘Economic collapse’ blog puts the question. When it comes to the economy, most of us focus on short-term cycles. In recent years there have been times when the economy has been growing and there have been times when …

How Su-30 has intercepted the F-35: “He came almost out of nowhere”

11:04 11.06.2023

How Su-30 has intercepted the F-35: “He came almost out of nowhere”

It is possible that a Russian Su-30 used electronic warfare systems during an interception of an F-35 over the Baltic, confesses a ‘Bulgarian military’ site. The background is as follows: on April 30, 2022, NATO began to respond to the Russian special military operation in Ukraine. To ‘ensure the security …

BRICS+ as a substantial and credible alternative to Western hegemony

11:03 11.06.2023

BRICS+ as a substantial and credible alternative to Western hegemony

On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled. It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment …

Kakhovka dam breach as a ‘perfect crime’

11:02 11.06.2023

Kakhovka dam breach as a ‘perfect crime’

The breach in the Nova Kakhovka dam on the Dnieper River in war-ravaged Ukraine is no doubt a catastrophe of colossal proportions, a veritable ecological and human disaster that may outlive the war itself, writes M.K. Bhadrakumar, Indian Ambassador and prominent international observer. However, the striking thing about the White …

As Ukrainian counteroffensive begins, NATO moves closer to direct intervention

17:38 10.06.2023

As Ukrainian counteroffensive begins, NATO moves closer to direct intervention

The Ukrainian army’s 33rd Mechanized Brigade and 47th Assault Brigade massed their Leopard tanks and Bradley fighting vehicles for a powerful assault on Russian positions two miles south of Mala Tokmachka in southern Ukraine’s Zaporizhzhia Oblast on or before Thursday morning, writes Forbs. A dense minefield lay between the Ukrainians …

GAO report: The United States has big problems in creating new weapons

8:20 10.06.2023

GAO report: The United States has big problems in creating new weapons

The Pentagon faces a delay of at least a year in its timetable to deploy the new $96 billion intercontinental ballistic missile that’s central to modernizing the US nuclear arsenal, according to the Government Accountability Office (GAO). The GAO’s 259-page compendium of major defense acquisition programs found that more than …

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