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Politics

The Dreadful Choice: Romney or Giuliani for Secretary of State?

There is a quarrel in the GOP over who should receive the Secretary of State nomination:

Rival factions of Republicans are locked in an increasingly caustic and public battle to influence President-elect Donald J. Trump’s choice for secretary of state, leaving a prominent hole in an otherwise quickly formed national security team that is unlikely to be filled until next week at the earliest.

Turkey Launches Airstrikes On City In Northern Syria

Turkey has carried out a series of airstrikes on the Syrian city of al-Bab. According to the Turkish military, the airstrikes were conducted against alleged ISIS targets in the city of al-Bab, located some 40 kilometers northeast of Aleppo, shortly before 8 a.m. local time (0500 GMT) on Friday. The Turkish military also stated that three of its soldiers were killed and 10 more wounded in an air strike allegedly launched by Syrian government forces the day before.

Furious Erdogan Lashes Out, Threatens To Let 3 Million Refugees Into Europe

Furious Erdogan Lashes Out, Threatens To Let 3 Million Refugees Into Europe

When reporting yesterday on the abrupt deterioration in European-Turkish relations, in which the European Parliament voted Thursday in an overhwleming majority to impose a temporary, non-binding freeze on talks for Turkey's accession into the EU, we said that it "remains unclear if Turkey will proceed with releasing the nearly three million Syrian refugees allegedly contained within its borders as a result of the European Parliament vote." Today we have an answer: as the FT reports, Turkish president Erdogan warned Brussels on Friday he would allow 3 million refugees to cross over to Europe

Cash Crackdown Escalates: India May Impose 60% Tax On "Unaccounted" Deposits, Curbs On Gold Holdings

As reported yesterday, India's unexpected crackdown on "black money" which saw the elimination of the old high denomination bills, is not going well, not only because former PM Manmohan Singh slammed the idea warning it would cut as much as 2% from the GDP of the world's fastest growing economy, but because so far the voluntary participation in the "exchange" of old for new notes ahead of today's exchange suspension (deposits of old cash may still take place until December 31) has been far below expectations.

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