The Shrewd Economist
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Tuesday, 16 September 2025
Navidi: Trump-Forderung "ist absolute Frechheit und Zumutung"
Labels:
China,
Donald Trump,
EU,
Indien,
Russland,
Sandra Navidi,
Zölle
Monday, 15 September 2025
Why Tariffs Won’t Bring Back Manufacturing Jobs, Krugman Explains
Labels:
Paul Krugman,
Trump's tariffs
Friday, 12 September 2025
Europe in a Raw Materials Frenzy – How We Can Become Independent of Trump and China | Documentary...
Sep 12, 2025 | Crises such as the war in Ukraine, geopolitical tensions with China, and the trade dispute with Trump are changing Europe's view of raw materials. Access to critical materials is becoming a strategic challenge. The EU aims to become more independent with the Critical Raw Materials Act – by mining, processing, and recycling critical raw materials directly in Europe.
But the transformation is complex: While magnesite and graphite are being mined in Austria, resistance is forming in Serbia against a large-scale lithium project. Critics complain of environmental destruction and corruption, while supporters see it as an economic opportunity for Serbia and all of Europe.
The topic of recycling is also gaining importance: Researchers such as Marie Perrin from ETH Zurich are working on innovative processes for recovering rare earths from electronic waste.
European mining is at a turning point – caught between geopolitical pressure, technological progress, and social resistance.
But the transformation is complex: While magnesite and graphite are being mined in Austria, resistance is forming in Serbia against a large-scale lithium project. Critics complain of environmental destruction and corruption, while supporters see it as an economic opportunity for Serbia and all of Europe.
The topic of recycling is also gaining importance: Researchers such as Marie Perrin from ETH Zurich are working on innovative processes for recovering rare earths from electronic waste.
European mining is at a turning point – caught between geopolitical pressure, technological progress, and social resistance.
Labels:
China,
Donald Trump,
Europe,
raw materials
Schulden in Europa: Wie groß ist die Gefahr? | ARTE Europa - Die Woche
Labels:
Europa,
Schuldenkrise
Thursday, 11 September 2025
Global Capitalism: Evidence and Symptoms: U.S. Capitalism’s Decline Accelerates
Wednesday, 10 September 2025
Larry Ellison Dislodges Elon Musk as World’s Richest Person
THE GUARDIAN: Oracle co-founder’s shares rose by 40% in early trading, valuing his fortune at $393bn, just ahead of Musk’s $384bn
US tech billionaire Larry Ellison has overtaken Elon Musk as the world’s richest person after shares in Oracle, the business he co-founded, rocketed in early trading on Wednesday.
Ellison’s wealth has surged after the company, in which he owns a stake of 41%, reported better than expected financial results.
Oracle shares rose by more than 40% in early trading to $340 a share, valuing the business software company at $958bn (£707bn) and Ellison’s stake at $393bn, just ahead of Musk’s fortune of $384bn, according to Bloomberg’s billionaires index.
The jump in the shares is the company’s largest single-day increase ever and the biggest ever one-day wealth increase on the Bloomberg index. The pair sit comfortably ahead of Facebook founder Mark Zuckerberg and Amazon’s Jeff Bezos. » | Dan Milmo | Global technology editor | Wednesday, September 10, 2025
US tech billionaire Larry Ellison has overtaken Elon Musk as the world’s richest person after shares in Oracle, the business he co-founded, rocketed in early trading on Wednesday.
Ellison’s wealth has surged after the company, in which he owns a stake of 41%, reported better than expected financial results.
Oracle shares rose by more than 40% in early trading to $340 a share, valuing the business software company at $958bn (£707bn) and Ellison’s stake at $393bn, just ahead of Musk’s fortune of $384bn, according to Bloomberg’s billionaires index.
The jump in the shares is the company’s largest single-day increase ever and the biggest ever one-day wealth increase on the Bloomberg index. The pair sit comfortably ahead of Facebook founder Mark Zuckerberg and Amazon’s Jeff Bezos. » | Dan Milmo | Global technology editor | Wednesday, September 10, 2025
Labels:
Elon Musk,
Larry Ellison
Democracy Now! Jeffrey Epstein & JPMorgan: How the Largest US Bank Enabled the Sexual Predator's Crimes
Is every bastard at the top corrupt these days? It sure seems like it. — © Mark Alexander
Labels:
Democracy Now!,
Jeffrey Epstein,
JP Morgan
Javier Milei's Demise Is Coming
I should like to point out to my followers and visitors that I said from the very start that Javier Milei’s experiment with anarcho-capitalism will fail. It appears that my words are coming true even sooner than I thought possible. Milei’s experiment is ridiculous. Milei's way is no way to run a country! — © Mark Alexander
Labels:
Argentina,
Javier Milei
Tuesday, 9 September 2025
Lachlan Murdoch, the Media Prince Who Would Be King
THE NEW YORK TIMES: A new deal gives him control of his family’s media empire, including Fox News, for probably decades to come.
The question of succession has hung over Lachlan Murdoch his entire life. It has finally, definitively been answered.
The family’s empire, built over more than 70 years by his father, Rupert, is his to control for probably decades to come. Thanks to a $3.3 billion deal he reached with his three oldest siblings, Mr. Murdoch will be able to oversee the family’s media business until at least 2050.
The agreement immediately cements Mr. Murdoch, 54, as one of the world’s most powerful men. And it means that his companies — which own Fox News, The New York Post and The Wall Street Journal, among other properties — are likely to maintain their firm conservative tilt. Keeping that ideological bent has been a top priority for his father, who has preferred his elder son as his permanent successor over the three less politically conservative siblings.
Now the global Murdoch kingdom will fall under the control of an intensely private former philosophy student, a New Yorker turned proud Australian who transplanted his family to Sydney, and a digital enthusiast who has pushed his father’s analog media business into the realms of podcasts and streaming platforms. » | Katie Robertson and Michael M. Grynbaum | Tuesday, September 9, 2025
The question of succession has hung over Lachlan Murdoch his entire life. It has finally, definitively been answered.
The family’s empire, built over more than 70 years by his father, Rupert, is his to control for probably decades to come. Thanks to a $3.3 billion deal he reached with his three oldest siblings, Mr. Murdoch will be able to oversee the family’s media business until at least 2050.
The agreement immediately cements Mr. Murdoch, 54, as one of the world’s most powerful men. And it means that his companies — which own Fox News, The New York Post and The Wall Street Journal, among other properties — are likely to maintain their firm conservative tilt. Keeping that ideological bent has been a top priority for his father, who has preferred his elder son as his permanent successor over the three less politically conservative siblings.
Now the global Murdoch kingdom will fall under the control of an intensely private former philosophy student, a New Yorker turned proud Australian who transplanted his family to Sydney, and a digital enthusiast who has pushed his father’s analog media business into the realms of podcasts and streaming platforms. » | Katie Robertson and Michael M. Grynbaum | Tuesday, September 9, 2025
Labels:
Lachlan Murdoch,
Rupert Murdoch
Monday, 8 September 2025
US-Venezuela Standoff Intensifies after US Attack on Boat Trump Says Carried Drugs | DW News
Sep 5, 2025 | There is a deepening standoff between the United States and Venezuela, an oil rich country, backed by America's biggest economic rival: China.
After this week's deadly US strike in the Caribbean -- an attack that killed 11 people on a boat US President Trump says was carrying illicit drugs from Venezuela -- his Secretary of State Marco Rubio warned the US is going to wage war on what he called narco-terrorists organizations.
In Caracas, the Venezualan President Nicolas Maduro says 'imperialism is launching a new attack' aimed at regime change. He insists his country will stand firm -- but to do that, will China have to step in?
After this week's deadly US strike in the Caribbean -- an attack that killed 11 people on a boat US President Trump says was carrying illicit drugs from Venezuela -- his Secretary of State Marco Rubio warned the US is going to wage war on what he called narco-terrorists organizations.
In Caracas, the Venezualan President Nicolas Maduro says 'imperialism is launching a new attack' aimed at regime change. He insists his country will stand firm -- but to do that, will China have to step in?
Sunday, 7 September 2025
Canadian PM Carney Delivers Stunning Remarks About US & President Trump
Labels:
Canada,
Mark Carney
Putin’s Situation Is ‘Extremely Grave’ | Sir Bill Browder
Here Are the 10 Biggest U.S. Lottery Jackpots Ever
THE NEW YORK TIMES: Two winning tickets will split the $1.787 billion Powerball jackpot drawn on Saturday. Changes to Powerball and Mega Millions have led to increasingly large jackpots in recent years.
Two tickets sold in Missouri and Texas won the Powerball jackpot drawing on Saturday night. The owners of the tickets will split $1.787 billion, the second-largest jackpot in U.S. lottery history, according to Powerball.
Huge jackpots have become increasingly common in the multistate Mega Millions and Powerball lottery drawings because of changes to the games over the years and higher ticket prices.
Between the two lotteries, more than a dozen jackpots in the United States have surpassed $1 billion since 2016.
In 2024, there were three jackpots over $1 billion: an estimated $1.13 billion Mega Millions prize claimed by a winning ticket in New Jersey in March, and a $1.33 billion Powerball jackpot won on April 7 by a ticket sold in Oregon. In December, a Mega Millions ticket sold in California won a $1.22 billion jackpot.
Here’s a look at the 10 biggest U.S. jackpots ever. » | By The New York Times | Sunday, September 7, 2025
Two tickets sold in Missouri and Texas won the Powerball jackpot drawing on Saturday night. The owners of the tickets will split $1.787 billion, the second-largest jackpot in U.S. lottery history, according to Powerball.
Huge jackpots have become increasingly common in the multistate Mega Millions and Powerball lottery drawings because of changes to the games over the years and higher ticket prices.
Between the two lotteries, more than a dozen jackpots in the United States have surpassed $1 billion since 2016.
In 2024, there were three jackpots over $1 billion: an estimated $1.13 billion Mega Millions prize claimed by a winning ticket in New Jersey in March, and a $1.33 billion Powerball jackpot won on April 7 by a ticket sold in Oregon. In December, a Mega Millions ticket sold in California won a $1.22 billion jackpot.
Here’s a look at the 10 biggest U.S. jackpots ever. » | By The New York Times | Sunday, September 7, 2025
The Six Warning Signs as Crypto Is Welcomed into the US Mainstream
THE OBSERVER: In a week, the Trump family’s wealth has increased by more than $6.5bn after their crypto company debuted on the Nasdaq
It is official: the path to future prosperity will be built on an exciting new platform of digital finance. That was the message of a series of recommendations published in July by a White House working group that, if implemented, “will ensure crypto becomes a hallmark of the new American Golden Age”. And with the strong backing of the president and bipartisan support on Capitol Hill, it is more likely than not that these proposals will be pushed through.
The crypto markets were already surging ahead. The price of a bitcoin, by far the most popular crypto asset, has risen to about $110,000 (£83,000), nearly seven times where it stood at its low point at the end of 2022. Then there are the stablecoins, digital tokens that are supposed to be protected against wild fluctuations in their purchasing power because they are backed by conventional assets such as treasury bills. Tether, the market leader, said it was holding $127bn in US treasuries at the end of June as backing for the stablecoins it had sold. This makes it one of the world’s largest investors in US government debt.
Overall, the value of the global crypto market has risen to more than $4tn, a rise of roughly three-fifths since the start of Donald Trump’s second term.
But for anyone with an interest in financial history, parts of this story sound familiar. Red lights have been flashing in the crypto market for some time, and they are not getting any dimmer. Here are six warning signals. » | Sir Richard Lambert | Sunday, September 7, 2025
Labels:
cryptocurrencies,
Donald Trump,
USA
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