A US Recession: Will Economic Change Mean Political Change?
Like so many other countries, the U.S. is still coping with the social and economic fallout wrought by the 2008 financial crisis. The crisis may not have created Washington’s economic problems, but neither did it resolve them. And as those wounds continue to fester, it appears as though the U.S. is headed for recession.
Oil at Two-Year Highs as Saudi Arabia Engages in Its Own “Game of Thrones”
The crown prince of Saudi Arabia, 32, was little known outside the region before this past weekend when he jailed members of the royal family, presumably in an attempt to consolidate power ahead of taking the throne. These mass detentions signal a seismic change in Saudi leadership—which, in turn, is putting upward pressure on global oil prices.
Saudi Arabia, at War With Itself
The Saudi royal family now appears to be at war with itself. Regardless of who wins, the conflict could destabilize Saudi Arabia, which was already weakening anyway.