Economics

The Black Alliance for Peace Condemns the “America COMPETES Act”

February 12, 2022 UNAC Editor Asia, China, Trade Wars

Black Alliance for Peace Press Release February 7, 2022 — On Friday evening February 4th, the US House of Representatives passed the “America COMPETES Act of 2022 (H.R. 4521).” The stated intent of the legislation is to strengthen “America’s national and economic security and the financial security of families, and advance our leadership in the world.” While this claim, found in[…]

‘Death Sentence for Untold Numbers of Civilians’: Biden to Permanently Seize Afghan Assets

February 12, 2022 UNAC Editor Afghanistan, American Exceptionalism, Lawfare, Sanctions and Economic Warfare

by John Queally, published on CommonDreams, February 11, 2022 Humanitarians—including those who lost loved ones in the 9/11 attacks of 2001—responded with condemnation Friday after it was reported that President Joe Biden has decided to permanently seize $7 billion of currently frozen Afghan assets even as the people of the war-torn and poverty-stricken nation suffer a broken economy, a collapsed[…]

As the Military War Ends, Afghan People Face Starvation Under U.S. Sanctions

February 12, 2022 UNAC Editor Afghanistan, Economic Collapse, Sanctions and Economic Warfare, US Government Action

by Vijay Prashad, from Globetrotter, February 11, 2022 On February 8, 2022, UNICEF (the United Nations Children’s Fund) Afghanistan sent out a bleak set of tweets. One of the tweets, which included a photograph of a child lying in a hospital bed with her mother seated beside her, said: “Having recently recovered from acute watery diarrhea, two years old Soria[…]

US Professors’ Union Asks Biden to Lift Blockade Against Cuba

February 5, 2022 UNAC Editor Cuba, Economic Blockade, Labor, Sanctions and Economic Warfare, Statement

From Prensa Latina, January 31, 2022 Washington, Jan 31 (Prensa Latina) One of the largest university professors’ unions in the United States on Monday asked President Joe Biden to lift the “devastating financial and commercial blockade” imposed on Cuba for more than 60 years. The Professional Staff Congress (PSC) of the City University of New York (CUNY), affiliated to the[…]

US Pips Regional States at Race for Kabul

February 4, 2022 UNAC Editor Afghanistan, Hybrid Warfare, Sanctions and Economic Warfare

by M. K. Bhadrakumar, published on Indian Punchline, February 3, 2022 In a hugely consequential advisory, the US Treasury Department quietly signalled on Wednesday that it was “tweaking” the sanctions against the Haqqani Network. The international banks can transfer money to Taliban, including Haqqani Network without fear of breaching sanctions. Washington simply issued clarifications dilating on the relaxation of sanctions[…]

Capitalist Russia: a Target, Not a Superpower

January 31, 2022 UNAC Editor Austerity, Corporatism, Imperial Wars, Russia, Sanctions and Economic Warfare, U.S. Aggression, US Hypocrisy

by Sara Flounders, published on Workers World, January 30, 2022 This article, originally published July 12, 2017, by Workers World, remains timely in January 2022 as the U.S. threatens war at the Russian border with Ukraine and ramps up China-baiting in an attempt to break up agreements being forged between nations seeking to remain independent of U.S. imperialism. See also[…]

US Pressure on Germany Growing

January 30, 2022 UNAC Editor Europe, Russia, Sanctions and Economic Warfare

by Lucas Leiroz, published on InfoBRICS, January 26, 2022 Washington continues to advance the idea of establishing a new plan of severe sanctions against Russia over the Ukrainian crisis. Recently, US officials presented a draft of anti-Russian sanctions during a trip to Berlin. Considering the seriousness of the measures and the clear objective of suffocating Russia economically, the plan can[…]

Safe, Affordable Housing is a Right!

January 18, 2022 UNAC Editor Austerity, War on the Poor

by Betsy Piette, published on Workers World, January 17, 2022 Philadelphia~ On Jan. 5, 12 people, including nine children in an extended family, died in a row house fire in Philadelphia’s Fairmount neighborhood. All the victims were Black. Four days later on Jan. 9, a fire in a Bronx high-rise in New York City claimed 17 lives, including eight children.[…]

Are Western Wealthy Countries Determined to Starve the People of Afghanistan?

January 15, 2022 UNAC Editor Afghanistan, Economic Collapse, Sanctions and Economic Warfare

by Vijay Prashad, published on Countercurrents, January 15, 2022 On January 11, 2022, the United Nations (UN) Emergency Relief Coordinator Martin Griffiths appealed to the international community to help raise $4.4 billion for Afghanistan in humanitarian aid, calling this effort, “the largest ever appeal for a single country for humanitarian assistance.” This amount is required “in the hope of shoring up collapsing[…]

Nicaragua in the Multipolar World

January 13, 2022 UNAC Editor Democracy, Multipolar World, Nicaragua, Sanctions and Economic Warfare

by Margaret Kimberley, published on Black Agenda Report, January 12, 2022 The U.S. regime change effort in Nicaragua has failed. The people are determined to assert their rights of self-determination and the U.S. is not the only player on the world stage. The United States and the European Union announced new sanctions on the day that Daniel Ortega was inaugurated[…]