SVB’s collapse should put an end to the nonstop attempts by banks, lobbyists and their political allies to weaken financial regulations.
Europe Is Doing Well, But Somehow This Does Not Make It Any Better
Europe can afford to spend money to mitigate the impact of the energy crisis, but that is not a long game nor a coherent plan.
Why U.S. Economy Plunged But U.S. Billionaires Boomed, After 2019
On February 8th, Gallup headlined “Half in U.S. Say They Are Worse Off, Highest Since 2009”, and reported that, “35% of Americans say they are better off now than they were a year ago, while 50% are worse off.” However, what’s even more significant is that ever since the start […]
Deindustrialization Of Europe
The energy crisis has proved to be a serious challenge for the strength of the European economy. Record high gas prices in 2022 hurt the competitiveness of European industries and forced them to look for more suitable conditions to work in. Simultaneously with the crisis in the Old World, an anti-inflation law was passed across the Atlantic, containing generous subsidies for companies willing to develop a green economy.
China’s Economy Is On A Rebound
China’s economic data for the year 2022 has been released in Beijing on Tuesday. The striking part is that China’s GDP growth slowed down to 3 percent. From an Indian perspective, it may seem momentarily that China’s economy is slowing while India’s expanded by nearly 7 percent (per World Bank […]
Imperialist Justice Is Crumbling
Since the dissolution of the Soviet Union, the West has used international courts and the U.S. justice system to impose its law. They convict those they fight and never try their own criminals. This conception of justice has become the absolute example of their double standards. Yet the weakening of […]
ExxonMobil, Suppressing Science And Climate Change
Villains often have the best tunes. In some cases, they also have the best evidence. The tendency in the latter is to suppress or distort that evidence if it is contrary to their interests. Exxon, now ExxonMobil, the world’s largest oil and gas company, has revealed, much like tobacco companies […]
Sharper’s Victims In The Energy Poker
The long-suffering negotiations on enforcing price caps for Russian oil have stalled. The EU, in conjunction with the G7, is discussing a price cap of $65-70 per barrel, which is even higher than the current quotations of the Russian Urals crude. But the greed of European states has traditionally played […]
U.S. Deprives Europe Of Industry And Personnel
The U.S. is luring in European businesses that cannot exist in the energy crisis. Washington has even legitimized this process. Germany and France are trying to resist. Who will win in this unfolding confrontation between Europe and the New World? Washington has never concealed its economic claims on Europe. Earlier, […]
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, […]
Energy: The Last Frontier Of The Ukraine War
The Ukraine war has intensified the old energy conflict between Russia and the US. The ultimate result of this struggle is uncertain but US main allies, i.e., Europe, are not expected to perform well. Fossil fuels are the main sources of world energy providing 80% of the world’s consumption. In […]
Klaus Schwab’s Anti-Utopia
The ideas proposed by the Chairman of the World Economic Forum, Klaus Schwab, in his book The Fourth Industrial Revolution (4IR) have already been criticized quite a lot for a variety of reasons. Yet for some people who do not identify themselves as supporters of globalization, they seem quite appealing. […]