Austrian economics properly understands the ability of commercial banks to create money by mismatching their depositor liabilities with their issuing of money substitutes (i.e., the creation of credit). One possible place for further exploration is the role that nonbank or foreign financial institutions play in the creation of credit and the broader implications on business-cycle creation.
Two young Muslims [ages 15 and 16] living in Austria recently confessed that they would like to “kill Christians” and “restore the caliphate.”
“Killing Christians takes us to paradise.” — The boys’ reply in court.
As in other European nations, sex crimes — including against young boys — have skyrocketed in Austria.
Est-ce que le président français actuel est un bon stratège politique ? À l’aune de la déroute de la France au Niger, au Sahel et plus largement sur le continent africain tant sur le point humain, militaire, et géopolitique, la question se pose.
Unless you’ve been hiding under a rock for the past few months, you’re undoubtedly aware that award-winning director Christopher Nolan has released a new film about Robert Oppenheimer, known as the “father of the atomic bomb” for leading the group of scientists who created that deadly weapon as part of America’s World War II-era Manhattan Project. The film has earned widespread attention, with large numbers of people participating in what’s already become known as “Barbieheimer” by seeing Greta Gerwig’s hit film Barbie and Nolan’s three-hour-long Oppenheimer on the same day.
China’s “Belt and Road Initiative”, or as it is called in China, “One Belt, One Road”, is much better known under the name “New Silk Road”. It’s one of the most ambitious infrastructure projects of all time.
The initiative was launched in 2013 by Chinese President Xi Jinping, and includes a large set of development and investment projects aimed at connecting Asia and Europe through all forms of transport infrastructure. Over the course of a decade, the initiative spread to Africa, Oceania and Latin America, significantly strengthening the global economic and political influence of the People’s Republic of China.
At 3 a.m. on July 26, 2023, the presidential guard detained President Mohamed Bazoum in Niamey, the capital of Niger. Troops, led by Brigadier General Abdourahmane Tchiani closed the country’s borders and declared a curfew. The coup d’état was immediately condemned by the Economic Community of West African States, by the African Union, and by the European Union. Both France and the United States—which have military bases in Niger—said that they were watching the situation closely. A tussle between the Army—which claimed to be pro-Bazoum—and the presidential guard threatened the capital, but it soon fizzled out. On July 27, General Abdou Sidikou Issa of the army released a statement saying that he would accept the situation to “avoid a deadly confrontation between the different forces which… could cause a bloodbath.” Brigadier General Tchiani went on television on July 28 to announce that he was the new president of the National Council for the Safeguard of the Homeland (Conseil National pour la Sauvegarde de la Patrie or CNSP).
At 3 a.m. on July 26, 2023, the presidential guard detained President Mohamed Bazoum in Niamey, the capital of Niger. Troops, led by Brigadier General Abdourahmane Tchiani closed the country’s borders and declared a curfew. The coup d’état was immediately condemned by the Economic Community of West African States, by the African Union, and by the European Union. Both France and the United States—which have military bases in Niger—said that they were watching the situation closely. A tussle between the Army—which claimed to be pro-Bazoum—and the presidential guard threatened the capital, but it soon fizzled out. On July 27, General Abdou Sidikou Issa of the army released a statement saying that he would accept the situation to “avoid a deadly confrontation between the different forces which… could cause a bloodbath.” Brigadier General Tchiani went on television on July 28 to announce that he was the new president of the National Council for the Safeguard of the Homeland (Conseil National pour la Sauvegarde de la Patrie or CNSP).
Located at the crossroads of North Africa and sub-Saharan Africa, Niger is the largest country in West Africa and the 6th largest country in Africa. Yet, it is hardly a familiar name like Nigeria, Ghana or Kenya.
That is about to change.
Last week, Niger’s president, Mohamed Bazoum, was unceremoniously removed from office by his presidential guards, soon joined by the Nigerien military. Besides the fact of an attempted coup, here are some additional details about this relatively unknown country.
In an interview, Leonid Nersisyan examines Moscow’s stakes in the Levant and North Africa in light of the stalemated war in Ukraine.
Leonid Nersisyan is a defense analyst focusing on the foreign and military policy of Russia and the Commonwealth of Independent States region. He also follows the defense industry in general, as well as armed conflict and arms control. Nersisyan is a research fellow at the Applied Policy Research Institute of Armenia and a Ph.D. candidate at the University of Birmingham in the United Kingdom. Diwan interviewed Nersisyan in July to get his perspective on how the Ukraine war and its repercussions have affected Russia’s defense posture in the Middle East.
Is the community a purveyor of revolutionary change, a defender of the status quo, or a combination of both?
We are in the Muslim month of Muharram, a time of mourning for Shia Muslims, when they commemorate the martyrdom of Imam Hussein. Over the centuries, rituals during Muharram have been crucial in maintaining and energizing the Shia collectivity and helping to perpetuate its narratives, myths, and worldviews.