Iran claims $100 billion windfall from sanctions relief — double what White House estimated

The Obama administration is finding itself on the defensive amid rising charges that the U.S. and its allies lowballed the estimate of the billions of dollars Iran will reap from the deal that curbed Tehran’s nuclear programs in exchange for the lifting of punishing economic sanctions.  

 

China moves to supplant U.S. as key foreign power in Middle East

Jan 20th, 2016 * RECOMMENDED READINGS, Foreign Affairs, International Economics, Trade William Nissen 1 min read

Chinese President Xi Jinping arrived in Saudi Arabia Tuesday for the first stop on a closely watched tour that will include visits to Egypt and Iran, as Beijing pushes to widen its access to Middle East oil and potentially supplant Washington as the most influential foreign power operating in the tumultuous region.  

 

North Korea Sets Up an Economic Zone

Rachel Cunliffe says:  Are there cracks in the total state? North Korea usually only makes the news due to renewed military aggression, or when a defector publishes an account of their escape. Rarely is there any positive news coming out of the most isolated economy in the world. But today, the Washington Post reports on a hopeful new development in the Hermit Kingdom: the establishment…

 

Venezuela Awakens From Its 17-Year Socialist Nightmare

Dec 8th, 2015 * RECOMMENDED READINGS, Elections, International Economics Robert May 1 min read

IBD Staff write:  Elections: Venezuela’s voters delivered a sledgehammer blow to the country’s ruling Chavista socialists Sunday, winning a likely supermajority in the National Assembly. It’s a great awakening from a 17-year nightmare. Given the past two decades of near-victories, electoral fraud, chicanery and fractious political opposition mistakes, many Venezuelans are still in disbelief at the scale of the victory in the nation’s legislative elections, which…