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  #981  
Old 06.05.2018, 16:11
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Re: What is happening in Turkey tonight?

Turkey will retaliate if the United States enacts a proposed law that would halt weapons sales to the country, Foreign Minister Mevlut Cavusoglu said today!

Source

Pass the popcorn

Presumably Turkey would plan to cut exports to (edit) US but exactly what is not clear, iron and steel would anyway be hit by tariffs??

US imports from Turkey
The top import categories (2-digit HS) in 2016 were: iron and steel ($885 million), machinery ($876 million), vehicles ($728 million), carpets and other textile coverings ($360 million), and stone, plaster, cement ($352 million).

U.S. total imports of agricultural products from Turkey totaled $990 million in 2016. Leading categories include: processed fruit & vegetables ($203 million), tobacco ($159 million), snack foods ($150 million), coarse grains ($118 million), and fruit & vegetable juices ($60 million).
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Last edited by marton; 06.05.2018 at 16:35.
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  #982  
Old 06.05.2018, 16:27
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Re: What is happening in Turkey tonight?

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Presumably Turkey would plan to cut exports to Turkey but exactly what is not clear, iron and steel would anyway be hit by tariffs??
Or even "Turkey would plan to cut exports to the US".
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  #983  
Old 10.05.2018, 12:48
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Re: What is happening in Turkey tonight?

Erdogen's plans backfiring?

http://www.bbc.com/news/world-europe-43981745

http://www.bbc.com/news/blogs-trending-44051930
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  #984  
Old 10.05.2018, 14:19
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Re: What is happening in Turkey tonight?

Thanks.

I know it is a small sample but I often meet young Muslims who are drifting away from their religion.
The problem is usually not the basic principles but the many rules which are increasingly difficult to apply in our modern world where articles, ideas and processes exist that were never envisaged in the distant past.

Try riding a bicycle or visiting a sauna wearing a burka!

More seriously now wives are expected to work and the prohibition of touching people, at least theoretically, rules out many occupations from chiropodist to doctor which is a rule increasingly hard to follow or justify.
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  #985  
Old 10.05.2018, 16:36
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Re: What is happening in Turkey tonight?

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Thanks.

I know it is a small sample but I often meet young Muslims who are drifting away from their religion.
The problem is usually not the basic principles but the many rules which are increasingly difficult to apply in our modern world where articles, ideas and processes exist that were never envisaged in the distant past.

Try riding a bicycle or visiting a sauna wearing a burka!

More seriously now wives are expected to work and the prohibition of touching people, at least theoretically, rules out many occupations from chiropodist to doctor which is a rule increasingly hard to follow or justify.
it's about believing in God, not about Burkas and not shaking hands. those are just cultural traditions that don't work here.
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  #986  
Old 10.05.2018, 16:54
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Re: What is happening in Turkey tonight?

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it's about believing in God, not about Burkas and not shaking hands. those are just cultural traditions that don't work here.
I agree, but it is exactly enforcing those cultural traditions that don't work here which in turn causes problems in compliance.

The article originally linked claims many young Muslims are now drifting into deism; the belief in the existence of a supreme being, specifically of a Creator who does not intervene in the universe.

Which basically means you do believe in God but without the necessity to follow cultural traditions including not praying to this God. The reason is this Creator does not intervene in the universe so will not respond to prayers.
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  #987  
Old 10.05.2018, 17:03
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Re: What is happening in Turkey tonight?

Pretty much how I would see God or a supreme being if I thought it existed. To God we are as ants are to us - miniscule and so far below us as to be insignficant. This fiction that we're made in God's image is nothing but conceit and arrogance on our part.
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  #988  
Old 15.05.2018, 15:42
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Re: What is happening in Turkey tonight?

The Turkish lira (4.4 to the $) and bonds declined to a new record after President Recep Tayyip Erdogan said he plans to take more responsibility for monetary policy if he wins an election next month.

Source

The lira has weakened 14 percent against the dollar this year, extending the biggest depreciation among emerging-market currencies after the Argentine peso.
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  #989  
Old 16.05.2018, 09:38
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Re: What is happening in Turkey tonight?

Turkey’s president, Recep Tayyip Erdoğan, has ended his three-day state visit to the UK by insisting that all the journalists locked in Turkish jails were terrorist criminals.

According to the P24 press freedom group, there are more than 160 journalists behind bars in Turkey, most of whom were arrested under the state of emergency imposed after the coup attempt.

May, eager to strike a post-Brexit free trade deal with Turkey, said the UK was always prepared to extradite Kurdish terrorists if the evidence was provided.

Source
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  #990  
Old 23.05.2018, 10:36
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Re: What is happening in Turkey tonight?

Turkish lira hit a new low this morning @ 4.92 to the $.

Benefit of Erdogan's nutty plan to combat currency problems by cutting interest rates.

Meanwhile according to Cypriot newspapers the Prime Minister of Northern Cyprus is talking about drastic measures like changing to another currency; how practical this is I do not know!
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  #991  
Old 23.05.2018, 10:49
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Re: What is happening in Turkey tonight?

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Turkish lira hit a new low this morning @ 4.92 to the $.

Benefit of Erdogan's nutty plan to combat currency problems by cutting interest rates.

Meanwhile according to Cypriot newspapers the Prime Minister of Northern Cyprus is talking about drastic measures like changing to another currency; how practical this is I do not know!
it's not practical but that doesn't matter. a real leader has his picture on a coin
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  #992  
Old 23.05.2018, 23:11
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Re: What is happening in Turkey tonight?

The Turkish lira has pared its heavy losses against the dollar following an emergency interest rate hike by the central bank.
Following an emergency meeting, the Turkish central bank steeply raised a benchmark lending rate from 13.5% to 16.5% on Wednesday.

Source

Lira is currently 4.6 vs $, not brilliant but much improved.
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  #993  
Old 24.05.2018, 23:03
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Re: What is happening in Turkey tonight?

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The Turkish lira has pared its heavy losses against the dollar following an emergency interest rate hike by the central bank.
Following an emergency meeting, the Turkish central bank steeply raised a benchmark lending rate from 13.5% to 16.5% on Wednesday.

Source

Lira is currently 4.6 vs $, not brilliant but much improved.
Despite the panic increase in a benchmark lending rate from 13.5% to 16.5% the lira is now floating between 4.7 and 4.8 vs $.

People foresee the benchmark lending rate approaching 20% in the next few week.

Erdogan seems to be backing away from his comments that crashed the economy but too little and too late
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  #994  
Old 08.06.2018, 09:48
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Re: What is happening in Turkey tonight?

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Despite the panic increase in a benchmark lending rate from 13.5% to 16.5% the lira is now floating between 4.7 and 4.8 vs $.

People foresee the benchmark lending rate approaching 20% in the next few week.

Erdogan seems to be backing away from his comments that crashed the economy but too little and too late
A benchmark lending rate raised last night from 16.5% to 17.75%!

The lira has recovered to 4.5 vs $, let us hope it stabilises and no more rate increases required,

Meanwhile the united political opposition are forecast to do well in the election on 24th June, what sort of desperate counter measure will Erdogan pull out of his hat?
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Old 08.06.2018, 09:56
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Re: What is happening in Turkey tonight?

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what sort of desperate counter measure will Erdogan pull out of his hat?
of course a threat for a chaos in case he loses.
and, of course, he counts the votes.
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  #996  
Old 10.06.2018, 17:30
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Re: What is happening in Turkey tonight?

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A benchmark lending rate raised last night from 16.5% to 17.75%!

The lira has recovered to 4.5 vs $, let us hope it stabilises and no more rate increases required,

Meanwhile the united political opposition are forecast to do well in the election on 24th June, what sort of desperate counter measure will Erdogan pull out of his hat?
Why would you hope that?
Let the lira go down and take Erdogan down too.
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Old 16.06.2018, 16:10
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Re: What is happening in Turkey tonight?

Worst week for the lira in a decade, now down 6% to 4.7 vs $; 4% below its all time low!
Believed driven in part by Erdogan's threat to "start an operation against credit agency Moody's" who are rumoured to be considering another credit rating cut.

Also not helped by the US Federal Reserve rate increase and plan for more.
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Old 19.06.2018, 12:52
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Re: What is happening in Turkey tonight?

Senate decision to block F-35 sales to Turkey

Senators included the legislation because of the imprisonment of U.S. pastor Andrew Brunson inTurkey’s Aegean province of İzmir on terror charges and Turkish government’s decision to purchase S-400 air defense system from Russia.

Every action has consequences!!

Meanwhile the lira nears 4.8 to the $!!

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  #999  
Old 19.06.2018, 13:05
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Re: What is happening in Turkey tonight?

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Senate decision to block F-35 sales to Turkey
..
The UK white elephants' engines were due to be serviced in Turkey
https://www.theregister.co.uk/2017/1...rkey_overhaul/
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Old 24.06.2018, 21:54
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Re: What is happening in Turkey tonight?

Parliamentary race - 94.17 percent of votes counted
People's Alliance (AK Party - MHP): 53.84 percent (42.61 percent - 11.23 percent)

Presidential race - 94.83 percent of votes counted
Recep Tayyip Erdogan: 52.83 percent

To quote Stalin
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"It's not the people who vote that count, it's the people who count the votes."
Seems like HDP exceeded 10% but what they can achieve with their seats is less than clear
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