Month: November 2022

Easter in Cyprus

A Cultural Feast

I read somewhere that, prior to the Protestant Reformation, there were over 50 feast days in England on which people did no labor (these were in addition to Sundays). If you do the math, it adds up to over seven weeks of vacation per year. The Reformation abolished all but […]

FED

How The Super-Rich Control The U.S. Government

The U.S. Government tries to hide how obscenely top-end the nation’s wealth-distribution is; but one remarkably clear presentation of it (the U.S. private-wealth distribution)  was the web-page from the Board of Governors of the Federal Reserve System that presented an “Overview” of “Distribution of Wealth” starting in “1989:Q3” and extending […]

Rishi Sunak

Rishi Sunak: A Thatcherite In Downing Street

They are falling like ninepins, and the Tories have now given the weary people of Britain yet another prime minister. And what a catch: stupendously wealthy, youthful – the youngest in two centuries – and a lawbreaker. As Chancellor of the Exchequer in the government of Boris Johnson, he was […]

T-72 tank

Who’s Afraid Of US Troops In Ukraine?

Very innocuously, the Biden Administration has ‘sensitised’ the world opinion that American troops are indeed present on Ukrainian soil in Russia’s immediate neighbourhood. Washington made a “soft landing” with an unnamed senior Pentagon official making the disclosure to the Associated Press and the Washington Post. The official gave an ingenious […]

Lula

Lula Never Left Brazil’s Centre Stage

The former president of Brazil Luiz Inácio Lula da Silva, popularly known as Lula, has won the country’s presidential election by an incredibly narrow margin of 50.90% of the vote against his right-wing rival and incumbent president Jair Bolsonaro’s 49.10%. When Lula stepped down as president in 2010, he was […]

Bank of England

The Bond Vigilantes Get Busy

While the levels of schadenfreude will be going through the roof given the unfolding farce in British politics, the resignation of Liz Truss as UK Prime Minister was troubling in one vital respect.  True, her juvenile salad understanding of economics, which involved spending billions on tax cuts and energy subsidies, […]