Modern Diplomacy
Published 3 months ago
The Financial Crisis 2007-09 is without a doubt a nightmare the world once lived through and what still finds some traces in the financial systems today. The Real estate price bubble followed by a blind market crash led many of the Too-Big-To-Fail institutions to the verge of bankruptcy. In its retreat, the crisis laid the very foundation for risk management charters; like Basel Accords III stressing on the credit risk regimes and bank controls to avoid future market fiascos and averting any possibility of another financial turmoil. However, the financial crash coincided the emergence of an alternative financial system that not only bypassed the apparently faltering centralised banking systems but revolutionised the currency we knew in light of the financial crash.
From the Archives, 1981: The Iran hostage crisis ends
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By Creighton Burns
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FREEDOM FLIGHT
America s 52 diplomatic hostages, imprisoned in Iran for 443 days, should be free today.
David Roeder waves as he arrives at a US Air Force base in West Germany from Algeria in a January 21, 1981 photo. He was among 52 Americans held hostage in Iran for 444 days after their capture at the US embassy in Tehran.
Credit:AP
A US State Department spokesman said they could leave Teheran before 4 am (Melbourne time). Algerian doctors in Teheran have pronounced all the hostages fit to travel.
نتفهم جيداً خطاب دونالد ترامب | القدس العربي alquds.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alquds.co.uk Daily Mail and Mail on Sunday newspapers.
Commentary: The historical roots of the security failure at the Capitol
Troops, one with a machine gun, stand guard on the steps of the U.S. Senate wing of the Capitol building in Washington, D.C., on April 5, 1968. Federal troops were called into the nation’s capital by order of President Lyndon Johnson following the assassination of Dr. Martin Luther King Jr. in Memphis, Tenn., on April 4. AP The Rev. Martin Luther King Jr.
Published: 1/18/2021 6:00:06 AM
During the attempted insurrection on Jan. 6, billows of smoke blanketed the Capitol, where outnumbered U.S. Capitol Police officers tried in vain to contain the mob of pro-Trump extremists.
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Several days ago, President-elect Biden announced that he would tap veteran diplomat William Burns to head the Central Intelligence Agency under his new administration. The selection, though widely heralded as a sensible choice, is a bit of a surprise move. By selecting Burns, Biden is setting the tone for how he plans to utilize the intelligence apparatus and may signal some big changes for the CIA.
The first thing to recognize about Burns is that he is not an intelligence insider. In fact, he’s never served on that side of our government. That said, he’s no greenhorn.