Global warming is likely to have unimaginable disruptions in every aspect of human life by 2050 if some actions are not taken immediately to reduce its fast acceleration. Since the Industrial Revolution (1900s), the global mean surface temperature has warmed up approximately +0.8 °C (1.4 °F)...

Innumerable factors contributing to global warming is nothing of new, but increased human-induced greenhouse gas emissions resulting from the burning of vast amounts of fossil fuels have pushed the Earth's natural systems (balanced carbon cycle) out of balance causing extreme climate changes in...

One microscopic coronavirus has done what US sanctions, tariffs, embargoes, trade war, and the use of dollar as a weapon of economic destruction have failed to accomplish. The COVID-19 pandemic shock has caused unconceivable damage; 200,000 stolen lives in the U.S. (and close to 1 million in the...

Turks have been around for thousands of years, who have established many states and empires in the “land of Turks” referring to Anatolia (Asia Minor) and the Eastern Thrace. The life of Turks, previously in the Altai Mountains of western Mongolia, commenced in the interior of Asia Minor when...

The cash strapped Turkey's gloomy economy was already ailing before the emergence of COVID-19 pandemic. The August rout of 2018 caused serious cracks as lira tumbled against the dollar (25% in three days and 41% in just two weeks); consequently, core inflation peaked at 26% and key interest rate...

When the global economy hit the wall in 2007-08 (i.e. sub-prime mortgage debacle in 2006 followed by the 2008 global credit mayhem, originated in the U.S. before spreading to Europe as sovereign debt crisis), an extensive research by economists, scholars and academia compared and contrasted the...

Increasing financial and political turmoil in the 1970s and 1980s coupled with oil shock prompted Governors of the G-10 countries to engage in cooperation and financial collaboration that eventually paved the road for the establishment of the Basel Committee on Banking Supervision in 1974. After...

President Trump’s following remarks are insanely far from being serious "With this invisible enemy, we don't want airlines going out of business, we don't want people losing their jobs and not having money to live when they were doing well four weeks ago". His advisors must show him the latest...

COVID-19, the novel coronavirus pandemic, placed the U.S. economy (and capitalism) on a ventilator. A new recently published study has revealed that close to 90% of patients who needed ventilators to breathe did not make it. Of course this is a metaphoric inference, but valuable lessons provided...

In the post-WWII (since the 1950s), there have been over 400 banking, currency, and sovereign debt crises, which translates to about 10 crises per annum; furthermore, the combined cost of the last five crises since the late 1990s is in excess of $30 trillion, but when the cost of the COVID-19...