Daily Archives: November 3, 2018

Turkey | The crisis of capital, money and state in Turkey: An attempt at demystification

by Pinar Donmez

‘If they have their dollars, we have our Allah’ This is how the President of Turkey responded to the historic drop in the value of the lira in August this year before calling for boycotts of US products and discouraging the citizens from exchanging their liras into foreign currency in the name of defending the national economy against the so-called interest rate lobby and foreign powers. Only a few days later a swap agreement between the central banks of Qatar and Turkey was announced amidst an extreme hike in inflation and continual fall in the value of the domestic currency. There was a pronounced pressure from the financial markets and international media on the Central Bank to raise the interest rates despite the President’s declarations. However the Bank chose not to act on it until recently. In a matter of days the Turkish Lira lost over 35% of its value against the dollar with food, subsistence and energy prices skyrocketing. Only a few weeks later, the workers at the third international airport construction site in Istanbul set off their protest against the inhumane work and pay conditions which met with severe police violence and detentions.

Italy | Lite Lite sulla Roma-Lido: un tentativo di rapina alla base dell’aggressione sul treno

Un tentativo di rapina. Sarebbe questa la causa che ha portato all’aggressione di un passeggero e di una donna messasi in mezzo fra i litiganti avvenuta intorno alle 21:30 dell’1 novembre su un vagone della Roma-Lido. Le violenze, riprese con un telefono cellulare da un passeggero presente sul “trenino” che collega la Capitale al litorale, erano divenuti virali nel volgere di breve (qui il video della lite).

‘Sanctions Are Coming’: US Issues Limited Iran Sanctions Waivers, With One Big Exception

By Ankit Panda

President Trump appears to be excited about the imposition of a second round of sanctions on Iran that had been lifted as part of the United States’ participation in the 2015 Joint Comprehensive Plan of Action. At least that’s the impression given off by the president tweeting a stylized image, referencing the popular prestige television drama Game of Thrones, noting that “sanctions are coming” on November 5.