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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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FRANCE CHOOSES EUROPE

Emmanuel Macron has just gained the French presidency. France had a stark choice in the last round of the election and the rest of Europe had to watch as their fate also hovered. If Le Pen had won it might well have been the end of the European Union

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CAN YOU SPARE A MILLION, GUV?

The Rich List has just come out, listing the richest 1000 people in the UK. To be on the list you need to be worth at least £110 million. Being a mere millionaire is nothing these days.

Money makes money. The top 20 are, together, worth just under £1

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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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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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READING THE US BUDGET

The USA is currently considering its budget for the next six months. The proposed plan increases spending on the military (already the highest in the world by a wide margin) and security and cuts spending on almost everything else. Less is going to b

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IN THE NEWS TODAY

1. The G7 group reported a "successful meeting" at which they were unable to agree about anything. UK and US belligerence over Syria was not matched by other parties. US secretary of state is going to Moscow and "might get a meeting with Putin". Befo

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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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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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SYRIA: DO I SMELL A RAT?

It is so difficult these days to know the truth about news events. Regarding the events in Syria in the last couple of days, I can't help asking myself a few questions. Did President Assad need this? Highly unlikely. Did President Trump need somethin

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WE MISS YOU ALREADY

"We miss you already" - these were the last words of the speech by Donald Tusk as he acknowledged receiving the UK's letter triggering withdrawal from the European Union.

So, the Brexit process is beginning. When, many years ago, my parents split up,

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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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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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WITH BREXIT IN VIEW

What Does the UK Budget Tell Us?

The British government has just announced its budget for the coming year, though there will be some further announcements in the autumn. I think we can see some general indicators. Firstly, this is a cautious budget,

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