The California Review was first published on January 7, 1982 to serve as an outlet for conservative in libertarian thought at a time when campus culture suppressed all such thinking. It’s equally curious and disheartening how little things have changed in that regard…
The Iranian rial has seen its value plummet against the dollar this past week amid rumors that the U.S. will impose a new round of economic sanctions in the coming days. Iranians have scrambled to exchange in their rials for dollars in recent months, not knowing what the future may hold for their economy. These transactions, along with the speculation of sanctions, have caused the currency to see a sharp decline in value year to date.
The trade war between the world’s two largest economies is entering its second round, and China is taking a beating. Bloomberg writes that China has recently ceded its position as the world’s second largest economy in terms of market capitalization to Japan, whose equities it eclipsed previously in 2014. Chinese equities dropped in value to $6.09 trillion USD slipping well below the Japanese equity market, which is currently valued at $6.17 trillion USD.
Posted on behalf of Nicole Naoum
There’s nothing quite like taking a leisurely stroll down a cobblestone street that predates your own country by over a thousand years only to have your eye nearly gouged out by a selfie-stick wielding tourist moments later. Venturing further into the city, the potent aroma of sea salt, marijuana, and on occasion, raw sewage, wafts through the gothic spires and narrow alleyways. With the late afternoon sky tinged with vibrant hues of purple and pink, you begin to appreciate the silence, as distant echoes of street performers and roaring motorbikes fade into the horizon.
With ISIS largely defeated, Iraq has retreated to the periphery of American attention; America and its allies abroad have left Iraq on its own after over a decade of intense involvement.This lack of engagement leaves a power vacuum open for exploitation by Iran, and yes, even a resurgent ISIS. A policy of complete disengagement is not only to the detriment of American interests, but those of its regional allies. The United States must decide whether it will stand idly by as the modest but appreciable gains made by trillions of dollars and the lives of thousands of US service members are swept away by Islamic extremism, or selectively engage in the region to counterbalance growing Iranian influence.