YOLO Economics
by John Feffer The economy, we have been taught, is a cat with considerably more than nine lives. The bottom might drop out of the stock market, but it will rebound — again and again. The Chinese were on top… Continue Reading
middle class
Is Iran’s Rial in Free Fall?
by Djavad Salehi-Isfahani The decision announced last Monday in Vienna to extend the talks aimed at a compressive agreement on Iran’s nuclear program for an additional seven months has resulted in Iran’s currency taking dive. In one week, the rial lost… Continue Reading
Ahmadinejad’s Tumble and Iran’s Political Terrain
Sadeq Zibakalam, University of Tehran professor and the closest the Islamic Republic has to an intra-systemic gadfly, has written an interesting commentary in the new daily Arman regarding the current state of Iranian politics. The article’s title, “End of the Deviation current,”… Continue Reading
Flat-Lining the Middle Class
Economic Numbers to Die For By Andy Kroll Reposted by arrangement with Tom Dispatch Food pantries picked over. Incomes drying up. Shelters bursting with the homeless. Job seekers spilling out the doors of employment centers. College grads moving back in… Continue Reading
Sanctions are Counterproductive, Hurt Ordinary Iranians
At the Middle Eastern affairs journal Muftah, Hani Mansourian takes a well warranted critical look into the human cost of sanctions against Iran. With Iran seemingly recalcitrant on its nuclear program and the United States unwilling to put up “robust… Continue Reading