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Keyword: Economic Meltdown

Showing 1-16 of 16

The greenback heads south

Zafar Bangash

Rajab 02, 14352014-05-01

The US dollar is losing its shine as rivals emerge to stake a claim. It is not only the euro but also the Chinese currency, the yuan that are challenging dollar’s supremacy in global finance.

Special Reports

Toward an Islamic economic model

Maksud Djavadov

Rabi' al-Awwal 20, 14342013-02-01

With the collapse of the western financial system, Muslim economists have an excellent opportunity to present the model of Islamic Iqtisad to provide social and economic justice to all. They will also find a ready audience among non-Muslims.

Daily News Analysis

Women rapidly losing jobs in US economy

Crescent International

Shawwal 11, 14332012-08-29

The economic decline of the US is beginning to affect women.


The day democracy died

Abu Dharr

Sha'ban 11, 14332012-07-01

During the course of the past 18 months the world in general and the Muslims in particular were watching the movement of people and the counter-movements of regimes.

Letters To The Editor

US Decline

John Vanderbilt

Sha'ban 11, 14332012-07-01

The US is in terminal decline. Its economy is shattered and there is little prospect of recovery, at least in the near future.

Main Stories

Occupy Wall Street offers Obama his Tea Party on a silver platter

Zainab Cheema

Dhu al-Hijjah 05, 14322011-11-01

Perhaps the most comforting thing in a revolution, in the midst of angst, bloodshed, and existential fear, is food. Steaming hot victuals, nourishing a tired body; the pleasure of breaking bread with compatriots in arms, cementing the fellowship you have formed under the hail of bullets, police batons, and clouds of tear gas.

Main Stories

Occupy Wall Street Movement and US oligarchy

Zafar Bangash

Dhu al-Hijjah 05, 14322011-11-01

It is an open question whether the Occupy Wall Street Movement will achieve its objectives. Launched on September 17, it has not only lasted much longer than most observers had anticipated, it has also gone global. On October 15, there were rallies in 82 countries worldwide from east to west and north to south.


Muslims and the free falling US economy

Zafar Bangash

Shawwal 03, 14322011-09-01

As for the US economy, despite optimistic statements by President Barack Obama that it is on the mend — what else can he say? — statistics paint a very different picture.

News & Analysis

Hunger and poverty amid plenty in the US

Tahir Mahmoud

Jumada' al-Ula' 27, 14322011-05-01

Most Americans are led to believe that their country is the richest and the best in the world. It is a land of milk and honey and of limitless opportunities. There is little doubt that the US has enormous wealth; with a GDP of $17 trillion, it is by far the richest country in the world but is this wealth fairly distributed?


Death of the unipolar world

Zafar Bangash

Dhu al-Hijjah 14, 14302009-12-01

This, however, is a superficial look at global reality. After all, the Soviet Union was also a superpower armed with nuclear weapons and had the largest air force in the world when it invaded Afghanistan on December 27, 1979...


US prints dollars to ride crisis


Rabi' al-Thani 05, 14302009-04-01

Every day brings more bad news about the state of the US economy, and indeed that of much of the rest of the world. Not only is America’s economy the largest in the world, its currency—the dollar—is also the global reserve currency with 63 percent of the world’s central bank reserves held in dollars.

Occupied Arab World

Dubai’s sand castles crumble amid credit crunch

Yusuf Abdullah

Muharram 04, 14302009-01-01

There was always something surreal about Dubai’s fantastic development plans. Skyscrapers were rising in the desert faster than anybody imagined was possible. While some wondered about such rapid growth, others marveled at the plucky Dubaians’ go-get attitude. Nothing was considered out of reach;


The US economic meltdown

Zafar Bangash

Dhu al-Qa'dah 02, 14292008-11-01

By the time these lines are read, the US presidential election would be over. Current trends suggest Barack Obama would be the next president unless some unforeseen catastrophe or electoral fraud like those in 2000 and 2004 occur. Obama will inherit the biggest economic mess in US history since the 1930s depression. How did the US, the largest economy in the world, come to such a sorry state?

Occupied Arab World

Israel’s economy suffering impact of Palestinian resistance

Our Special Correspondent

Dhu al-Hijjah 14, 14232003-02-16

Israel’s continuing economic crisis was brought to attention on February 4, when some 50 Israeli business leaders in Tel Aviv called for a broad governing coalition, despite the landslide victory on January 28 of the right-wing Likud Party, led by prime minister Ariel Sharon.

South-East Asia

Mahathir’s political blunder by tying his future to solving currency crisis

Our Southeast Asia Correspondent

Jumada' al-Akhirah 14, 14181997-10-16

Prime minister Mahathir Mohamed of Malaysia may have made a strategic political blunder by tying his political future to solving the deepening currency and stockmarket crisis. He has thus handed his detractors the opportunity to undermine his position.

Showing 1-16 of 16

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