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As Stock Market Crashes, Is US Facing New Financial Crisis?

Is the United States on the verge of a potential new financial crisis? This is a question that financial analysts are asking after there was a market crash on August 5. It is being compared to the famous “Black Monday” crash in the stock market in 1987. They also both happened on a Monday. So is this another Black Monday? This was the biggest market plunge since the beginning of the pandemic in 2020, when many investors were selling off their holdings, fearing that there was going to be a big recession. In fact, as of the August 5th crisis, the volatility index, the VIX, which is a measurement of how rapidly stock prices move in the S&P 500 – which is the stock market index of the 500 biggest companies on U.S. stock exchanges – the volatility index is at the highest level since the beginning of the Covid-19 pandemic.

Resistance Axis: A Calculated, Simultaneous Strike On Israel

Iran, Hezbollah, and Yemen’s Ansarallah-aligned armed forces have vowed to make the occupation state pay a heavy price following the targeted killing of Hamas political bureau chief Ismail Haniyeh in Tehran and Hezbollah senior commander Fuad Shukr in southern Beirut. Additionally, Israel bombed the Hodeidah port in Yemen following Sanaa’s successful ‘Yafa’ drone operation in Tel Aviv on 19 July. An official from the Lebanese resistance has informed The Cradle that “The response will come at once from Iran, Hezbollah, and Yemen,” adding that the goal was to “inflict a painful blow to Israel which may not be achieved should separate retaliations be pursued.”

Biden Tells Netanyahu The United States Will Defend Israel

President Biden spoke with Israeli Prime Minister Benjamin Netanyahu on Thursday and promised the US would help defend Israel from any reprisal attacks it may face from Iran or its allies in response to recent Israeli escalations. Iran is vowing revenge for the Israeli assassination of Hamas’s political chief in Tehran, and Hezbollah is warning it will escalate in response to the Israeli strike in Beirut that killed one of its top commanders. “The President reaffirmed his commitment to Israel’s security against all threats from Iran, including its proxy terrorist groups Hamas, Hezbollah, and the Houthis,” the White House said in a readout of the Biden-Netanyahu call.

‘Entire Resistance Axis’ Will Respond To Haniyeh Assassination

Iran’s Islamic Revolutionary Guard Corps (IRGC) condemned Israel’s assassination of Hamas political bureau chief Ismail Haniyeh on 31 July, vowing that the Resistance Axis as a whole will respond to the attack. “This crime demonstrated that the criminal, murderous, and terrorist Zionist gang, disregarding international rules and regulations, spares no criminal action to cover up its humiliating defeats in the nine-month war in Gaza, which has resulted in the massacre of tens of thousands of Palestinian women, men, and children,” the IRGC said on Wednesday, hours after Haniyeh’s assassination in Tehran. “Undoubtedly, this crime by the Zionist regime will be met with a severe and painful response from the powerful and grand Resistance Axis, especially the Islamic Republic of Iran … the blessings of the Martyr of Jerusalem Dr Ismail Haniyeh's efforts in defending the cause and rights of the Palestinian nation will help them,” it added.

Axis Of Resistance Expands Solidarity With Palestine

In his first speech after the Al-Aqsa Flood, Hezbollah Secretary-General Sayyed Hassan Nasrallah stated that the support front from Lebanon operates according to two criteria: one related to the scale of the enemy’s attacks and the other concerning the support needed to prevent the breaking of the resistance in Gaza. The leader of Ansarallah, Sayyed Abdulmalik Al-Houthi, was quick to announce that Yemen’s involvement in the battle aims to stop the aggression and lift the siege on Gaza. Both parties, in all subsequent statements issued by their respective war media, emphasized key phrases: supporting Gaza, backing its resistance and striving to stop the aggression and lift the siege.

Assassination Attempt On Donald Trump And Political Violence By The US

On January 3, 2020, Iranian general Qassem Soleimani and nine other people were killed by a United States drone strike under the orders of President Donald Trump . Soleimani was in Baghdad, Iraq to meet with Prime Minister Adil Abdul-Mahdi in order to broker a peace initiative between Iran and Saudi Arabia, two nations which had been antagonists for many years. At the time Joe Biden was a presidential candidate and he issued a “Statement from Vice President Joe Biden on the Killing of Qassem Soleimani .” Biden said, “No American will mourn Qassem Soleimani’s passing. He deserved to be brought to justice for his crimes against American troops and thousands of innocents throughout the region. He supported terror and sowed chaos.”

US Seeks To Recover Regional Control With NATO Office In Jordan

During the 2024 Summit of the North Atlantic Treaty Organization (NATO) in Washington DC, the alliance announced the establishment of a liaison office in Jordan’s capital Amman. NATO, considered by many to be a tool to assert and consolidate US military dominance across the world, stated that the Amman office will be its first-ever liaison office in the so-called “Middle East and North Africa” region. The announcement comes as Israel’s genocidal war in Gaza, backed and enabled by the US and NATO allies, completes nine months. Peoples Dispatch interviewed Deputy General Secretary of the Jordanian Democratic Popular Unity Party (known in Jordan as Wihdah Party), Dr. Issam Khawaja, to discuss more about what is behind the establishment of this office.

Donald Trump Is Not A ‘Threat To The Deep State’

An issue that I often try to avoid is domestic US partisan politics. It's very frustrating to talk about US politics because people tend to be very dogmatic and very partisan. They pick a party, the Republicans or the Democrats. They defend them no matter what. They treat the political party like a sports team or a superhero that can do no wrong. This is despite the fact that ironically the Republican and Democratic parties share a lot of their policies in common. The foreign policy that they carry out is 95% the same in this bipartisan orthodoxy. Their economic policy is the same. And yet people get angry if you criticize a Democrat, they think you are a Republican.

Threat Of War Looms Over NATO Summit In Washington

On June 30, the Democratic People’s Republic of Korea (DPRK) blasted the joint military exercises conducted by the U.S., Japan, and South Korea in the region, labeling them as “reckless and provocative.” The DPRK pointed out that the military “war games” disrupt peace on the Korean peninsula and the broader region. The hostile military drills expose the formation of an “Asian version of NATO” led by the U.S., declared a statement by the DPRK’s Ministry of Foreign Affairs on June 30. The three-day military operation known as “Freedom Edge” took place from June 26 to 29, involving South Korea, Japan, and the U.S.

Iran Imposes Sanctions On US Officials For Suppressing Student Protests

The ministry announced in a statement on Wednesday that the punitive measures were taken in accordance with the Law on “Countering the Violation of Human Rights and Adventurous and Terrorist Activities of the United States in the Region”, (2017) particularly Article 5, which blacklists the following American individuals for their involvement in violation of human rights by quashing the peaceful rallies. Accordingly, their accounts and transactions will be blocked in the Iranian financial and banking systems, and their assets will be frozen within the jurisdiction of the Islamic Republic of Iran. No visa grating their entry to the territory of the Islamic Republic of Iran will be issued as well.

In Tehran, Gaza Rekindles The Revolution

One late January evening in Tehran, I watch Baba Saeed, my 87-year-old grandfather, listen to Israeli TV in the darkly lit living room that also serves as his library. As he hunches in his velvet armchair, the light absorbs him and turns his glossy white hair and his face a bluish-green. I sit beside him on the carpet. Above us on wooden shelves, Japanese dolls with long kimonos from my childhood stand with dusty cheeks. Here, probably Baba Saeed’s last house, objects mourn their own ruined decadence. On the screen, a man Baba Saeed’s age, Menashe Amir, broadcasts from Jerusalem in a deeply ominous, raspy voice, predicting Israel’s victory over the Iranian “political establishment.”

Israel Faces ‘Obliterating War’ If It Expands Aggression On Lebanon

The permanent mission of the Islamic Republic of Iran to the UN on 28 June warned that Israel faces an “obliterating war” that could see the “full involvement” of the Resistance Axis if it decides to expand the war against Lebanon. “Albeit Iran deems as psychological warfare the Zionist regime’s propaganda about intending to attack Lebanon, should it embark on full-scale military aggression, an obliterating war will ensue. All options, incl. the full involvement of all Resistance Fronts, are on the table,” the Iranian mission said via social media. The statement from the Islamic Republic came a few hours ahead of comments from Lebanese caretaker Prime Minister Najib Mikati, who also called Israeli threats against his nation "a kind of psychological warfare."

A Foreigner’s Take: Elections In Iran Represent The True Spirit Of Democracy

Big posters of candidates running for Iran’s presidency have appeared on lampposts around the busiest corners of the capital city. There is a thrill and palpable excitement in the air. The upcoming presidential election has taken center stage in the country’s political discourse, with people engaged in animated discussions in bazaars, state-of-the-art malls, traditional tea shops, modern cafes, and around the carts of vegetable vendors where women buy “sabzikhordan.” As people discuss issues ranging from economic growth, relations with the West, the lifting of US sanctions, the crisis in West Asia, unemployment, etc., the presidential candidates have been busy campaigning to woo voters with blueprints of their policies if elected to office.

The Travesty Of Listing IRGC, The Biggest Anti-Terror Force, As ‘Terrorist Entity’

Canada’s decision to blacklist Iran’s Islamic Revolution Guards Corps (IRGC) as a “terrorist entity” aligns with a series of politically motivated actions against Tehran by many Western states in recent years. This designation – of the world’s most powerful and respected anti-terror force – is not only disconnected from reality but also violates international norms by interfering with a sovereign nation. The IRGC has not only provided security for Iranians by safeguarding the country’s borders from various threats but has also protected West Asia and the world from the scourge terrorism, including that of Daesh.

The Perils And Promise Of The Emerging Multipolar World

In his recent article for Common Dreams, Columbia professor Jeffrey Sachs describes the world’s trajectory towards multipolarity over the past three decades. He notes that, “in 1994, the G7 countries constituted 45.3% of world output, compared with 18.9% of world output in the BRICS countries (Brazil, China, Egypt, Ethiopia, India, Iran, Russia, South Africa, United Arab Emirates). The tables have turned. The BRICS now produce 35.2% of world output, while the G7 countries produce 29.3%.” The West’s political influence is also waning, as exemplified by the failure of the US-led sanctions against Russia from 2022: “When the US-led group introduced economic sanctions on Russia in 2022, very few countries outside the core alliance joined. As a result, Russia had little trouble shifting its trade to countries outside the US-led alliance.”
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