Monthly Archives: August 2015
Algeria Shows Symptoms of Resource Curse
“Oil settles below $39 a barrel for the first time since Feb. 2009″~MarketWatch Given the dramatic decrease in oil prices, Saudi Arabia could cut investment spending, estimated to be about $102 billion dollars this year, by about 10 percent or … Continue reading
Economic Impact of Iran Sanctions, or “PersiaStroika”
“Our countries (United States and Iran) can reach a detente — or ‘Persia-Stroika’ if you will” ~ Jon, Stewart of The Daily Show [Note: “Perestroika”, or “openness”, was a term coined by Soviet leader, Mikhail Gorbachev in 1986, to describe … Continue reading
