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Europe Crushed by Importing Chinese Deflation

Europe Crushed by Importing Chinese Deflation

With producer prices in China declining for nearly three years, the European Union as China’s biggest trading partner has been importing deflation. But with Chinese deflation accelerating, Europe seems doomed to suffer a deflationary crash as consumers delay purchases, companies

Obama and Putin Meet Briefly in Beijing

Obama and Putin Meet Briefly in Beijing

(AFP) — US President Barack Obama and his Russian counterpart Vladimir Putin met briefly Monday in Beijing on the sidelines of an Asia-Pacific summit, a senior US official said. The two leaders, who have been engaged for months in a

Iraqi Officials Say ISIS Leader Wounded in Airstrike

Iraqi Officials Say ISIS Leader Wounded in Airstrike

BAGHDAD (AP) — Iraqi officials said Sunday that the head of the Islamic State group, Abu Bakr al-Baghdadi, was wounded in an airstrike in western Anbar province. Pentagon officials said they had no immediate information on such an attack or

Report: White House Wants Détente With Iran

Report: White House Wants Détente With Iran

The United States is reportedly interested in closer relations with Iran, attempting to resume diplomatic activity with Tehran for the first time since an Islamic revolution created an Islamic Republic in Iran, according to sources within the country. The Obama

Obama Urges China to be Partner in Ensuring World Order

Obama Urges China to be Partner in Ensuring World Order

(Reuters) – U.S. President Barack Obama said on Monday a successful China was in the interests of the United States and the world but Beijing had to be a partner in underwriting international order, and not undermine it. Speaking to growing concerns among U.S.

Foreign Policy: The Case for Writing to Khamenei

Foreign Policy: The Case for Writing to Khamenei

At Foreign Policy, Trita Parsi makes the best case possible for President Barack Obama’s recent letter to Iran’s Ayatollah Ali Khamenei. Parsi’s argument proceeds on the assumption–we cannot know for sure, since no one outside the White House has seen

NATO Intercepts More Russian Jets

NATO Intercepts More Russian Jets

Russia continues to test the West’s patience as more Russian jets are intercepted over NATO airspace. Incidents on November 6 and 8 put the total of 2014 interceptions over 100, which is three times more than 2013. On Thursday, NATO

How Reagan, Not Fate, Brought Down the Berlin Wall

How Reagan, Not Fate, Brought Down the Berlin Wall

On the 25th Anniversary of the Fall of the Berlin Wall, it’s easy to see the collapse of the Soviet Bloc as something that was inevitable. That’s essentially the way the event is being taught today at universities and colleges around

US Airstrikes Target Islamic State Leaders in Iraq

US Airstrikes Target Islamic State Leaders in Iraq

BAGHDAD (AP) — The U.S.-led coalition conducted a series of airstrikes targeting a gathering of Islamic State leaders near the northern Iraqi city of Mosul, a senior U.S. defense official said Saturday. The airstrikes on Friday night destroyed a convoy