As the Peace Process Goes Sideways, Gaza’s Economy Remains Stifled

Israel’s grip on the Palestinian economy amounts to business as usual. Palestinians carry shekels in their pockets, and most of what they buy with the Israeli currency comes from Israel, which is said to account for at least 80% of foreign trade with the occupied territories. That is a dependence that goes unremarked until something …

French Austerity Measures Also Cut Touted Sarkozy Reforms

As polls have persistently shown both leading candidates in France’s Socialist Party presidential primary beating conservative incumbent Nicolas Sarkozy in mock elections over the months, Elysée advisers have confidently predicted voters will again swing behind their champion en masse once he starts campaigning on his bilan—or, …

U.S. Global Influence Tanks with the Economy

You say you want a revolution? Not now, mate, can’t you see we’re busy?

“It’s the economy, stupid,” was the focal message around which Bill Clinton organized his against-the-odds 1992 campaign victory over President George H.W. Bush. The incumbent had presided over the soft landing of the collapsing Soviet empire and driven Saddam …

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