Portside

Astounding increases in the danger of nuclear weapons have paralleled provocative foreign policy decisions that needlessly incite tensions between Washington and Moscow. It's been 71 years since atomic bombs destroyed Hiroshima and Nagasaki, and humanity's memory of those events has dimmed. The bombs that obliterated those cities were tiny by today's standards.

Petro-states are different from other countries because the fates of their governing institutions are so deeply woven into the boom-and-bust cycles of the international petroleum economy. Now, one thing is finally clear: the business model for these corporatized states is busted. The most basic assumption behind their operation -- that global oil demand will continue to outpace world petroleum supplies and ensure high prices into the foreseeable future -- no longer holds

After the Cold War ended, many of the safeguards preventing war between Russia and the West have been allowed to lapse.

While President Obama is certainly correct in saying that "Turkey, like every country, has a right to defend its territory and its airspace," exactly how it may do so is more complicated than the president implies. In fact, the Russians may have strong legal arguments that any such right under international law was wrongly asserted in this instance.

The Middle-East map is being redrawn in Syria and Iraq by Moscow and Washington. The Obama Administration is co-leading with the Kremlin to help slice the Syria-Iraq area into five or more political states so as to deconflict this region and hopefully reduce the attractiveness of ISIL.

Reader Comments - Fast Food Strike, Low-Wage Workers Struggle for More than Wages; TPP - LAtest Leak; Hillary Clinton, Fracking and 2016; Eduardo Galeano; CIA Infiltration at Home; Anne Braden; Sundown Towns; 'Driving While White'; Cuba Coops; NYT and Russian Wages; Charter Schools; Walton Wealth; Announcements: Walden Bello in New York; Vietnam - The Power of Protest and In Defense of the Public Square - Washington

After months of frustration with an economy sagging under the weight of international sanctions and falling energy prices, workers across Russia are starting to protest unpaid wages and go on strike, in the first nationwide backlash against President Vladimir V. Putin’s economic policies.

Russian President Vladimir Putin has signed a law ratifying the deal establishing the BRICS New Development Bank (NDB). It's hoped the new bank will stamp the growing influence of the BRICS. The NDB is expected to become one of the world's key institutions. The money will be used to finance development projects in the emerging economies.

US President Obama supports Chancellor Merkel's efforts at finding a diplomatic solution to the Ukraine crisis. But hawks in Washington seem determined to torpedo Berlin's approach. And NATO's top commander in Europe hasn't been helping either.