The Russian government is readying a new issuance of foreign bonds and has invited non-Russian banks to participate in the bond auction. US banks would like to participate in the auction but have been warned by the State Department that this would violate the spirit, if not the letter, of US sanctions against Russia. Even though it wouldn’t be illegal for the banks to bid in the auction, the State Department is warning of “reputational risk” to those banks that do decide to participate. There...

The United States, the lone superpower, has presented two draft resolutions to the UN Security Council on the North Korea problem and Syrian conflict respectively (here and here) – based on the understanding it reached through two water-tight bilateral consultative processes with two ‘half-superpowers’ – China and Russia. Now, don’t two halves make a wholesome one? Welcome to the new ‘bipolar’ world order. Just as Beijing would have been taken by surprise at the US-Russian deal on Syria, which...

Coverage of the Syrian war will be remembered as one of the most shameful episodes in the history of the American press. Reporting about carnage in the ancient city of Aleppo is the latest reason why. For three years, violent militants have run Aleppo. Their rule began with a wave of repression. They posted notices warning residents: “Don’t send your children to school. If you do, we will get the backpack and you will get the coffin.” Then they destroyed factories, hoping that unemployed...

While Secretary of State, Madeleine Albright, who is currently advising presidential candidate Hillary Clinton, famously said that the estimated 500,000 children who died as a result of US sanctions on Iraq was “worth it.” It was, perhaps, a rare moment of candor from a politician, an admission that Washington is willing to support ostensibly non-lethal measures in such an all-encompassing fashion as to produce mass deaths of people who have no ability to influence the actions undertaken by...

As co-chairs of the International Syria Support Group, the US and Russia announced yesterday an agreement on the "cessation of hostilities" in Syria that is scheduled to go into effect at midnight on February 27th. According to the agreement, the militaries of the US-led coalition, Russia, and Syria would at that point cease hostile acts against opposition groups not named in UN Security Council Resolution 2254 (ISIS and al-Qaeda's Nusra Front) who "indicate to the Russian Federation or the...

“I was astonished, bewildered. This was America, a country where, whatever its faults, people could speak, write, assemble, demonstrate without fear. It was in the Constitution, the Bill of Rights. We were a democracy... But I knew it wasn't a dream; there was a painful lump on the side of my head... The state and its police were not neutral referees in a society of contending interests. They were on the side of the rich and powerful. Free speech? Try it and the police will be there with their...

The use of the US military overseas seems to have become so commonplace that the Obama Administration can bomb a country with no Congressional input and very little media interest at all. Such was the case on Friday, when the US military killed some 49 people in a bombing run near Tripoli, Libya.We had to bomb Libya, we are told, because Libya has become a hotbed of ISIS activity. The group has been moving training facilities into the country, taking advantage of the chaos. Ironically, it was...

“The evil that men do lives after them,” wrote Shakespeare. A prime example, former US President George W. Bush who appeared last week campaigning in South Carolina for his amiable younger brother, Jeb. George W. continues to haunt the Republican Party and damage its electoral chances. At home, Bush has been staying out of public gaze; abroad, he is widely hated and limits overseas travel due to fear of war crimes arrest for his 2003 invasions of Iraq. Republican spin doctors and the rightwing...

What a thrill it was for Dr. Paul to receive an email the other day from a young scholar and translator in Shanghai, China, to inform him that the Chinese language version of his very important book, Pillars of Prosperity, was now available on Amazon China! Imagine the power of these ideas in the hands of millions of Chinese!As Ron Paul has said so many times, the ideas of liberty are popular. But they are not only popular here in the US. As we noticed when we started the Ron Paul Institute,...

I had been trying to get to Aleppo for ages, but was unable to do so because rebel activity had cut off the city from the outside world. Syrian government military successes at the start of January meant there was at last a safe road. I hired a driver, was allocated a government minder (very handy at checkpoints), and booked into a hotel. Driving north from Damascus, we picked up a 22-year-old Syrian army lieutenant called Ali, returning to his unit after eight days’ leave with his family. We...

A massive apparent terror attack in Turkey’s capital comes at a crucial time just when the Erdogan government is trying to woo Washington’s support for its military intervention in Syria. The Turkish capital Ankara on Wednesday was hit with a deadly car bomb outside its military headquarters. Reports put the dead at 28 with more than 60 injured in what appears to have been a highly sophisticated attack during evening rush hour. The powerful blast went off just as two buses ferrying military...

Secretary of State John Kerry insisted at the Munich Security Conference on Saturday that the agreement with Russia on a temporary halt in the war in Syria can only be carried out if Russia stops its airstrikes against what Kerry is now calling “legitimate opposition groups.” But what Kerry did not say is that the ceasefire agreement would not apply to operations against Al Qaeda’s Syrian franchise, the Nusra Front, which both the United States and Russia have recognized as a terrorist...

On the world scene, America is a declining power. This decline is in part domestic and self-inflicted, reflecting a certain weariness and neglect of our social order. No amount of huffing and puffing from politicians will significantly change this decline. But the decline is also relative, relative to the rise of new world powers. China, India, Brazil, even the return of a more active Russia; all now severely affect America’s former ability to dominate the global scene. Numerous historical...

Apple has decided to fight an unprecedented and highly controversial order by US Magistrate Judge Sheri Pym that the company has to assist the government in breaking into one of its encrypted phones. Apple says that it does not have the technology and does not want to be part of such an effort to create a privacy stripping tool for the FBI. Pym seems to believe that she can order companies to become unwilling participants in surveillance research and development. I fail to see her legal basis...

One of the most astonishing news stories I have read of late appeared in Business Insider at the beginning of February entitled “'The Russians are going to have a cow’: the US’s message to Putin ‘is a really big deal.’” The article described how the Barack Obama Administration has decided to build up “its military presence in Eastern Europe in an effort to deter Russian aggression in the region.” The “cow” and “big deal” verbal effusions were attributed to Evelyn Farkas, who, until recently...