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If Trump Stays 'Wedded To Low Rates' Idea, US Risks A Turkey-Style Inflation Horror Show: Economist Justin Wolfers Warns
Wednesday, July 2, 2025 - 12:09am | 628Economist Justin Wolfers is warning that President Donald Trump's fixation on low interest rates could set the U.S. on a nightmarish path, one that increasingly mirrors the unrelenting inflation crisis that has gripped Turkey over the past couple of years. What Happened: On Tuesday, the University...
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Russia Has $2 Billion Trapped in US Banking Limbo At JPMorgan — What Happens Next?
Sunday, February 16, 2025 - 3:45pm | 453The U.S. Justice Department has discovered $2 billion of Russian funds held at JPMorgan Chase & Co. (NYSE:JPM). This follows a series of substantial transfers from Russia to Turkey. What Happened: After Russia’s invasion of Ukraine, the country made several large payments to Turkey, with...
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NATO Ally Turkey Eyes BRICS Membership After EU Snub: Erdogan Pushes For Stronger Ties With 'All Sides In A Multipolar World'
Tuesday, September 3, 2024 - 3:05am | 710The clout of the BRICS — a coalition of developing nations set up to challenge the dominance of Western nations — is growing in prominence by the day, and the latest evidence is the quest of the transcontinental nation of Turkey to join the alliance. What Happened: Turkey, formally called the...
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Erdogan's Aide Says Hamas Chief 'Might Have Been' In Turkey During October Israel Attack
Friday, December 15, 2023 - 5:17am | 597Turkish President Recep Tayyip Erdogan‘s aide suggested that senior figures from Hamas might have been in Turkey at the time of the Oct. 7 attacks. What Happened: Erdogan’s chief security advisor, Akif Cagatay Kilic, in an interview with CNN, upheld Turkey’s choice to host senior...
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Trump's Niece Finds It 'Beyond Disturbing' That Only Biden, Not Her Uncle, Is Being Asked To Step Aside In Polls: 'We Clearly Are In A Very Bad Place'
Thursday, November 9, 2023 - 3:19am | 548A recent New York Times/Siena poll found that Donald Trump was leading President Joe Biden in five of the six most important battleground states, with the latter facing backlash over his handling of the economy and several other issues. Mary Trump, the niece of Donald Trump weighed in on the...
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Confused Trump Lavishes Praise On Hungary's PM Orban, But Mistakenly Calls Him 'Leader Of Turkey'
Monday, October 23, 2023 - 8:36pm | 557In a recent campaign speech in New Hampshire, former U.S. President Donald Trump incorrectly referred to Hungary’s Prime Minister, Viktor Orbán, as the President of Turkey. What Happened: As per a report by Politico, Trump praised Orbán, falsely stating, "He's probably, like, one of the...
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Turkey's Erdogan Expresses Displeasure With 'LGBT Colors' At UN General Assembly: 'Bothers Me The Most'
Saturday, September 23, 2023 - 12:08am | 474President Recep Tayyip Erdoğan of Turkey voiced his disapproval of the vibrant decorations at the United Nations General Assembly, associating them with “LGBT colors.” This incident took place earlier this week in New York City. The multicolored lights had been put up to...
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Awkward Small Talk: Turkey's Erdogan Asks Elon Musk About His 'Wife'
Tuesday, September 19, 2023 - 2:43am | 427Tesla CEO Elon Musk and Turkish President Recep Tayyip Erdoğan shared an awkward small talk when the latter asked about Musk’s ‘wife,’ Business Insider reported. Musk who was accompanied by his son X, replied to Erdoğan’s question stating, “Oh, she’s in San...
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Team Biden Pushes F-16 Sales To Turkey, Denies Link To Erdogan's NATO Stance On Sweden
Wednesday, July 12, 2023 - 5:51am | 492The Joe Biden administration has announced its intention to proceed with the sale of F-16 jet fighters to Turkey, a decision that comes after Turkey’s president withdrew his objections to Sweden’s NATO membership. However, National-security adviser Jake Sullivan has firmly rejected any...
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Chuck Schumer Says Sweden Joining NATO Shows Russia That Alliance Is Strong, United Against His Ukraine Invasion
Monday, July 10, 2023 - 11:06pm | 532U.S. Senate Majority Leader Chuck Schumer, on Monday, said Sweden joining NATO "is good news in the fight against the forces of autocracy." What Happened: Turkey's President Recep Tayyip Erdogan agreed to support Sweden's long-delayed membership of NATO, paving the way for the Nordic country to...
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Biden Dials Erdogan, Urges Turkey's Leader To Let Sweden Join NATO 'As Soon As Possible'
Sunday, July 9, 2023 - 8:29pm | 463In a recent phone call, U.S. President Joe Biden expressed his desire for Sweden to join NATO “as soon as possible,” discussing the matter with Turkish President Tayyip Erdogan. The call took place on Saturday, with both leaders agreeing to meet face-to-face at an upcoming NATO summit...
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Turkish Teen Draws 'Hitler Mustache' On Erdogan's Poster, Gets Jailed For 'Insulting' President
Wednesday, June 7, 2023 - 5:22am | 354Turkey on Tuesday sentenced a 16-year-old youth to imprisonment for drawing a “Hitler mustache” on an election campaign poster of President Recep Tayyip Erdogan. What Happened: The teenager hailing from the town of Mersin in southeastern Turkey was accused of defacing the poster...
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US Tempts Tukrey's Erdogan With New Warplanes Amid Push For Sweden's NATO Entry
Wednesday, May 31, 2023 - 12:42am | 547The U.S. Secretary of State Antony Blinken said the President Joe Biden-led administration believes that Turkey should be provided with upgraded F-16 fighters "as soon as possible" as it woos Ankara to back Sweden’s NATO membership. What Happened: Blinken on Tuesday made the comments at a...
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Krugman Calls Out DeSantis, Apple-Meta Feud Looms, Bullish Bitcoin Call And More: 5 Key Stories You May Have Missed From The Weekend
Tuesday, May 30, 2023 - 10:59am | 730Memorial Day weekend brought good tidings for the market as President Joe Biden and House Speaker Kevin McCarthy (R-Calif) agreed in principle on a budget deal, raising hopes that a debt default can be avoided. Here’s a recap of a few major headlines that hit the wire: 1. Krugman Sees A...
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Turkish Lira Falls To Near-Record Lows After Erdogen Wins Presidency
Monday, May 29, 2023 - 12:36pm | 284President Recep Tayyip Erdogan has been re-elected in a presidential run-off election in Turkey, extending his tenure as the nation's longest-serving leader. This victory came after a close race against opposition leader Kemal Kilicdaroglu, in which Erdogan missed achieving the necessary 50% of...