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ALL THEY NEED IS A TRUCK

Today's terrorist event in Sweden shows once again that no amount of security can prevent terrorism, especially if the perpetrator is willing to suffer or die in the attempt. The security forces no doubt do their best, but it is so easy to drive a ve

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BREXIT BLUES

You have to be blind and deaf or extremely stubborn to think that Brexit has done the UK any good economically and it hasn't even happened yet. The situation is almost certain to get worse, too. A year ago I was predicting that the pound would be wor

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KIM-TRUMP PUNCH & JUDY SHOW

With all the idiocy going on around N Korea it is emotionally difficult even to read the news at the moment. The real possibility of nuclear or even conventional war breaking out is just too horrible and the seeming irresponsibility of those who cast

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WHY WAR? WHY TERROR?

Unfortunately there are wars not just because of trials of strength between groups and nations, but also because it is in the interests of some to keep others at war. The Middle East was a relatively peaceful place when I lived there as a small child

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FINANCIAL VULNERABILITY IN UK

The next financial crisis in the UK will probably shape up like this. The Brexit vote has caused the pound to fall 15% or so. This means that imports cost more. Hence prices are rising. At the moment wages are not rising. However, the drop in immigra

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DRAINING THE SWAMP

President Trump has promised to "drain the swamp". What is the "swamp". Essentially it is corruption within the American system. The whole world it seems is suffering huge corruption problems at the moment. Prime Minister Modi, for instance, is much

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THE NEWS QUESTIONS THIS MORNING

Just this morning we have several major pieces of news. It is difficult to make one coherent story out of these different tremors, but one can, perhaps, see connections between the rise of populism, the increasing chaos in Washington and astute polit

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PERMAFROST IS MELTING

Good morning. I don't know if the War & Peace group would be the correct one for this post... :)

I've read that permafrost (the frozen strata of water and rock beneath the surface of Siberia, northern Canada, etc.) is starting to melt. And this fact

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MANY KINDS OF ELECTION MADNESS

It is election season - recent general election in Netherlands, Thursday past local elections in UK, tomorrow presidential election in France, and a general election campaign under way in Britain. Germany goes to the polls in the autumn. And we are s

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IS NATO A BOON OR A MENACE?

Won't it soon be time to disband NATO? This question has been raised by a number of politicians recently, including Trump before he was elected. Since then he has come under immense pressure and in order to survive in his role has abandoned half the

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TOO MANY SECRETS

Wikileaks and others have released a mountain of "secret" information onto the internet, yet the sky has not fallen in, world war three has not begun... Journalists have spent hours over these materials looking for juicy stories and there are very fe

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NEW STYLE GOVERNMENT IN FRANCE

The new president of France, Emmanuel Macron, has chosen his government, appointing all his senior ministers. It is half women and half men. It is half experienced politicians and half people from civic society. It is drawn from the whole political s

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WHY NO INFLATION?

The unemployment rate in the USA is now officially under 5%. In UK much the same. According to classical economic theory both countries should be showing much stronger inflationary pressure at this level. The level in France, for instance, is about t

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