South Sudan: Oil Underground, Blood on the Surface

MADRID, Mar 29 (IPS) – While several politicians -and media– have been viewing the ongoing armed conflict in South Sudan as a “civil war” between rival ethnic groups, so nothing to worry about, there are some key facts that should be considered for the sake of having a wider, more accurate panorama. One of them is that this country is rich in oil.

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War or Peace, Barbarism or Hope

SYDNEY and KUALA LUMPUR, Mar 29 (IPS) – The spectre of ‘stagflation’ threatens the world once again. This time, the risk is the direct consequence of political provocations and war, and not simply due to inexorable economic forces.

Stagflation?
Stagflation is a composite word implying inflation with stagnation. Stagnation refers to weak, ‘near zero’ growth, inevitably worsening unemployment. Inflation refers to price increases – not high prices, as often implied.

Read the full story, “War or Peace, Barbarism or Hope”, on globalissues.org

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