dollar

Turkey plans to dump dollar in trade with Iran

by Paul Woodward 11.01.2009

Turkey plans to dump dollar in trade with Iran Reuters, October 31, 2009 Turkey is seeking to switch to payments in national currencies for $10 billion worth of trade with neighbouring Iran to lessen exchange rate risks and bolster trade volumes, a Turkish government source said on Friday. Turkey has made similar proposals to China [...]

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OPINION: Turning east

by Paul Woodward 01.04.2008

Dealing with the dragon By Paul Krugman, New York Times, January 4, 2008 On both Wednesday and Thursday, the price of oil briefly hit $100 a barrel. The new record made headlines, as well it should have. But what does it mean, aside from the obvious point that the economy is under extra pressure? Well, [...]

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OPINION: What’s America worth?

by Paul Woodward 11.25.2007

In the realm of the dying dollar By Michael Hirsh, Newsweek, November 23, 2007 Great powers die slowly. It took years before the world realized that Great Britain was an imperial corpse, sapped of its strength by two world wars. The funeral finally occurred on Feb. 21, 1947, a freezing winter day in bomb-torn, bedraggled [...]

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FEATURE: Economic recovery from Bush will take a generation

by Paul Woodward 11.19.2007

The economic consequences of Mr. Bush By Joseph Stiglitz, Vankity Fair, December, 2007 When we look back someday at the catastrophe that was the Bush administration, we will think of many things: the tragedy of the Iraq war, the shame of Guantánamo and Abu Ghraib, the erosion of civil liberties. The damage done to the [...]

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NEWS & ANALYSIS: The sliding dollar

by Paul Woodward 11.19.2007

The dollar’s decline: from symbol of hegemony to shunned currency By Andy McSmith, The Independent, November 17, 2007 The decline of the dollar, symbol of US global hegemony for the best part of a century, may have become so entrenched that some experts now fear it is irreversible. After months of huge and sustained turmoil [...]

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