Geopolitics

Visitors flock to Pakistani-controlled Kashmir valley in rare tourist boom

"Success stories can be rare in Pakistan, but business is booming in one Kashmir tourist spot as the region rebuilds after a devastating earthquake and shrugs off associations with violence. Hundreds of thousands of Pakistani tourists drawn to the lakes and glaciers of the Neelum valley are injecting desperately needed money into one of the poorest parts of the country. With a new road built by the Chinese after the 2005 earthquake killed 73,000 people and a ceasefire holding with India, Pakistanis are discovering the snow-capped peaks, glaciers, lakes and lush-green meadows of the Neelum valley." Continue reading →

Continue ReadingVisitors flock to Pakistani-controlled Kashmir valley in rare tourist boom

McCain Declares War on Russia

"He continued by calling for the listing of as many Russians as possible under the Magnitsky legislation in the US, which allows those considered – under dubious criteria – to be human rights violators to be prevented from entering the US and to have their assets seized by the US government. Then, reprising his subsequently discredited position during the short 2008 Russian/Georgian conflict that 'we are all Georgians now,' McCain all but called for the US to foment another Georgian war against Russia — this time with NATO providing back-up." Continue reading →

Continue ReadingMcCain Declares War on Russia

Iraq-Turkey oil export pipeline seen back in 72 hours after new attack

"A bomb placed under the Kirkuk-Ceyhan line in Iraq's Ninewa province exploded early Sunday halting flows, a senior Iraqi oil official told Platts. 'The exports were completely stopped from Kirkuk,' said the senior official with the state-run North Oil Company, who asked not be identified. The official said the explosion took place in Ain al-Jahsh, south of the city of Mosul, in the middle of an area increasingly rife with al-Qaeda and other militants. The pipeline had been operational for just two weeks since the last attack, on June 21, which kept the route offline until July 17." Continue reading →

Continue ReadingIraq-Turkey oil export pipeline seen back in 72 hours after new attack

Pepe Escobar: Manning guilty; war criminals on the loose

"In a show trial/kangaroo court with an American twist, worthy of the Cultural Revolution in 1960s China, Bradley Manning was predictably found guilty of multiple counts of violating the Espionage Act. If only Walter Benjamin were alive to see the Angel of History once again throwing one of his trademark lightning bolts of irony; Manning was pronounced guilty of being a spy - by a Pentagon judge - just next door to Spy Central, the NSA headquarters in Fort Meade, Maryland." Continue reading →

Continue ReadingPepe Escobar: Manning guilty; war criminals on the loose

Pepe Escobar: Manning guilty; war criminals on the loose

"In a show trial/kangaroo court with an American twist, worthy of the Cultural Revolution in 1960s China, Bradley Manning was predictably found guilty of multiple counts of violating the Espionage Act. If only Walter Benjamin were alive to see the Angel of History once again throwing one of his trademark lightning bolts of irony; Manning was pronounced guilty of being a spy - by a Pentagon judge - just next door to Spy Central, the NSA headquarters in Fort Meade, Maryland." Continue reading →

Continue ReadingPepe Escobar: Manning guilty; war criminals on the loose

Putin Shows Global Mojo to Russians as U.S. Fumes Over Snowden

"Russian President Vladimir Putin is showing his gamesmanship on a global stage by giving his voters what they want with the asylum granted to ex-U.S. contractor Edward Snowden, while leaving the White House flustered. The decision is backed by almost twice as many Russians as those against it and those who view Snowden’s role as positive outnumber negative assessments three to one. Putin, who used Russia’s oil-powered wealth accumulation to build support for his 13-year rule, is facing an economy that threatens to slide into recession." Continue reading →

Continue ReadingPutin Shows Global Mojo to Russians as U.S. Fumes Over Snowden

Collapse of Potash Cartel Sends Shock Waves Worldwide

"Russia's Uralkali quit one of the world's two big potash cartels on Tuesday, heralding a price war for the key crop nutrient and pummeling the shares of companies that produce it. The break-up of the Belarusian Potash Company (BPC), a joint venture with Belarussian partner Belaruskali, leaves North America's Canpotex as the dominant potash export venture. It could lead to cancellations of projects by rivals as the industry weighs the effect of lower prices, but may bring better deals for farmers. 'It is as if Saudi Arabia decided to leave OPEC — oil prices would fall immediately,' said Dmitry Ryzhkov, equity sales trader at Renaissance Capital." Continue reading →

Continue ReadingCollapse of Potash Cartel Sends Shock Waves Worldwide

As Keystone stalls, TransCanada OKs bigger East Coast pipeline

"TransCanada Corp gave the green light to building a $12 billion oil pipeline to ship Canada’s Western oil sands crude to refiners on its east coast and beyond, scaling up the project as its U.S.-bound Keystone XL line remains stalled in Washington. The company said it would move forward with building a 1.1 million barrel per day Energy East Pipeline after “strong market support.” That would be larger than the 850,000 bpd capacity it had mentioned in April, when it first began seeking customer commitments for the project. TransCanada is also likely to face stiff resistance from some groups over the construction of the line." Continue reading →

Continue ReadingAs Keystone stalls, TransCanada OKs bigger East Coast pipeline