Results for Tag: Policy
The Islamic State sustains itself by using diverse and sophisticated financing strategies. IS was able to develop a qualitative economic system that relies on diverse sources of income and significantly minimize its reliance on foreign donations that even the mother organization of Al-Qa’ida used to rely on.
On 31 October 2016, Lebanon’s parliament has elected a former army general as president, following a surprising shift in allegiances across the country’s divided political parties. The vote breaks the political deadlock that has left many state institutions barely functioning and prevented legislation from being passed for more than two years.
Since 2013, the Turkish miracle has been fading. The massive ‘Gezi Park’ protests in the summer of that year resulted in an authoritarian drift that also hurt the country’s economy. Turkey’s slowdown is partly attributable to international factors like weak growth in the eurozone, the readjustment of US monetary policy, the Russian recession and the wars in Iraq and Syria. Now, interest rates are spiking, the economy is slowing and dollar-denominated loans are becoming impossible to service. Moreover, housing prices keep rising despite an excess real estate stock, which looks like a bubble. That’s the real risk: if there’s a bubble, and it bursts, that could unleash a chain reaction, political and economic
Yaalon (1950) was born into a working-class family affiliated with the Labour Party, and grew up on a left-leaning settlement. The combination of a distinguished military career, promises of tackling the real issues in Israeli society, support of officers who speak their mind and Netanyahu’s waning popularity will prove to be a successful formula for Yaalon’s attempt to win the next election.