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
March 09, 2026
Peter Thiel and Praxis: The Billionaire Plan to Create the Fourth Reich
Labels:
Fourth Reich,
Peter Thiel
Peter Schiff: Iran War Creates Chaos in the World Economy
Labels:
Iran War,
world economy
‘We Just Don’t Know’ How High Gas Prices Will Go as Iran War Continues Warns Utilita Chair
Mar 9, 2026 | “It's going to be a white knuckle ride”
Utilita chair Derek Lickorish MBE tells Times Radio “we just don’t know” how high gas prices will go as long as the war in the Middle East continues.
WIKIPEDIA: Utilita Energy »
Utilita chair Derek Lickorish MBE tells Times Radio “we just don’t know” how high gas prices will go as long as the war in the Middle East continues.
WIKIPEDIA: Utilita Energy »
Labels:
energy prices,
gas prices
March 07, 2026
Gas Prices Continue to Surge in U.S., Rising 14% in a Week
THE NEW YORK TIMES: Soaring oil prices suggest that more increases could be in store for American drivers. Diesel, jet fuel, and other refined products are also becoming much more expensive.
The price of gas in the United States reached an average of $3.41 per gallon on Saturday, a day after crude oil prices soared to levels not seen since 2023 as the spillover from the U.S.-Israeli attacks on Iran continued.
That gain means gasoline has jumped 14 percent in the past week, according to data from the AAA motor club. The prices recorded Saturday were the highest for gasoline since 2024.
The suddenly rising energy costs — everything from jet fuel to diesel for trucks and tractors is more expensive — are rooted in supplies of crude oil coming from the Persian Gulf. The tankers that normally carry oil out of the region are not sailing, cutting the world off from about one-fifth of its oil supply.
That’s led to a surge in oil prices globally. By Friday, the U.S. crude benchmark, called West Texas Intermediate, had climbed more than 35 percent for the week, to settle at $90.90 a barrel, with much of that gain coming on Friday alone. The last time crude was trading at those levels, gasoline in the United States was above $3.80 a gallon, the data from AAA shows. » | Emmett Lindner | Saturday, March 7, 2026
The price of gas in the United States reached an average of $3.41 per gallon on Saturday, a day after crude oil prices soared to levels not seen since 2023 as the spillover from the U.S.-Israeli attacks on Iran continued.
That gain means gasoline has jumped 14 percent in the past week, according to data from the AAA motor club. The prices recorded Saturday were the highest for gasoline since 2024.
The suddenly rising energy costs — everything from jet fuel to diesel for trucks and tractors is more expensive — are rooted in supplies of crude oil coming from the Persian Gulf. The tankers that normally carry oil out of the region are not sailing, cutting the world off from about one-fifth of its oil supply.
That’s led to a surge in oil prices globally. By Friday, the U.S. crude benchmark, called West Texas Intermediate, had climbed more than 35 percent for the week, to settle at $90.90 a barrel, with much of that gain coming on Friday alone. The last time crude was trading at those levels, gasoline in the United States was above $3.80 a gallon, the data from AAA shows. » | Emmett Lindner | Saturday, March 7, 2026
Labels:
Iran War,
oil prices
Truth To Power: Trump Exposed: What Really Happened with Iran
Trump is a F*****G LIAR, and an UNSCRUPULOUS ONE at that! He is also a CRUEL CRIMINAL who understands NO GEOPOLITICS. The man should be in prison, not in the White House. — © Mark Alexander
Labels:
Donald Trump,
Iran War
March 06, 2026
U.S. Employers Cut Jobs in Sign of a Shakier Economy
THE NEW YORK TIMES: A weaker-than-expected report for February showed a decline of 92,000 jobs, and a rise in the unemployment rate to 4.4 percent.
Job growth fizzled in February, a sign of unexpected weakness in the labor market.
Employers cut 92,000 jobs in February, the Labor Department reported on Friday, and the unemployment rate rose to 4.4 percent. The job losses cut across nearly all major sectors, including health care, which was weighed down by a nurses strike in California.
The report dimmed the picture of the labor market and all but shut down the prospect of a resurgence in growth after an anemic year of hiring that was weighed down by economic uncertainty. Many economists had forecast that employers would shake off their reluctance to hire this year.
Here’s what else to know: Live Updates » | Sydney Ember | Friday, March 6, 2026
Job growth fizzled in February, a sign of unexpected weakness in the labor market.
Employers cut 92,000 jobs in February, the Labor Department reported on Friday, and the unemployment rate rose to 4.4 percent. The job losses cut across nearly all major sectors, including health care, which was weighed down by a nurses strike in California.
The report dimmed the picture of the labor market and all but shut down the prospect of a resurgence in growth after an anemic year of hiring that was weighed down by economic uncertainty. Many economists had forecast that employers would shake off their reluctance to hire this year.
Here’s what else to know: Live Updates » | Sydney Ember | Friday, March 6, 2026
Labels:
employment,
US economy
Wie Trumps Iran-Krieg die nächste Finanzkrise auslösen könnte
Labels:
Donald Trump,
Finanzkrise,
Iran-Krieg,
Sandra Navidi
March 05, 2026
El líder de España Pedro Sánchez intensifica su disputa con Trump
THE NEW YORK TIMES: El presidente del gobierno español ha arremetido contra los ataques de EE. UU. e Israel, y se ha negado a participar incluso después de que Trump amenazara a Madrid con represalias económicas.
Captura de pantalla tomada de este artículo del NYT. | El presidente del gobierno español, Pedro Sánchez, hablando en Madrid en febrero. Sánchez, que se enfrenta a conflictos políticos en su país, ha intentado distinguir sus políticas de las del presidente Trump.Credit...Violeta Santos Moura/Reuters
Durante más de un año, el presidente del gobierno español, Pedro Sánchez, se ha posicionado como líder de la resistencia de la izquierda europea al presidente Donald Trump.
Mientras Trump aumentaba las deportaciones, Sánchez ofrecía a los migrantes indocumentados una vía para obtener la residencia. Mientras el presidente de Estados Unidos defendía a las empresas tecnológicas estadounidenses, Sánchez intentaba restringirlas. Y el pasado fin de semana, Sánchez se negó a que los aviones de guerra estadounidenses utilizaran España como plataforma de lanzamiento de ataques contra Irán, lo que hizo que Trump amenazara con poner fin al comercio con España.
El miércoles, esas tensiones llegaron a su punto álgido cuando Sánchez pronunció un discurso especial a la nación en el que condenó la campaña contra Irán y reiteró su negativa a participar a pesar de las amenazas de Trump de tomar represalias económicas.
“No vamos a ser cómplices de algo que es malo para el mundo, y que también es contrario a nuestros valores e intereses, simplemente por el miedo a las represalias de alguno”, dijo Sánchez en el discurso televisado.
“Ni siquiera están claros los objetivos de quienes lanzaron el primer ataque”, añadió Sánchez, refiriéndose a Estados Unidos e Israel. » | Por Jason Horowitz | Reportando desde Madrid | 4 de marzo de 2026
Read in English.
Durante más de un año, el presidente del gobierno español, Pedro Sánchez, se ha posicionado como líder de la resistencia de la izquierda europea al presidente Donald Trump.
Mientras Trump aumentaba las deportaciones, Sánchez ofrecía a los migrantes indocumentados una vía para obtener la residencia. Mientras el presidente de Estados Unidos defendía a las empresas tecnológicas estadounidenses, Sánchez intentaba restringirlas. Y el pasado fin de semana, Sánchez se negó a que los aviones de guerra estadounidenses utilizaran España como plataforma de lanzamiento de ataques contra Irán, lo que hizo que Trump amenazara con poner fin al comercio con España.
El miércoles, esas tensiones llegaron a su punto álgido cuando Sánchez pronunció un discurso especial a la nación en el que condenó la campaña contra Irán y reiteró su negativa a participar a pesar de las amenazas de Trump de tomar represalias económicas.
“No vamos a ser cómplices de algo que es malo para el mundo, y que también es contrario a nuestros valores e intereses, simplemente por el miedo a las represalias de alguno”, dijo Sánchez en el discurso televisado.
“Ni siquiera están claros los objetivos de quienes lanzaron el primer ataque”, añadió Sánchez, refiriéndose a Estados Unidos e Israel. » | Por Jason Horowitz | Reportando desde Madrid | 4 de marzo de 2026
Read in English.
Labels:
Donald Trump,
España,
guerra de Irán,
Pedro Sánchez
EU Says It Supports Spain Whilst Refusing to Disagree Fully with Trump | DW News
Labels:
Donald Trump,
EU,
Iran War,
Pedro Sánchez,
Spain
March 04, 2026
Col. Douglas Macgregor: Trump’s War: A Mess of His Own Making
Labels:
Donald Trump,
Iran War
March 03, 2026
The Economist: Will the Iran War Spread across the Middle East?
Mar 3, 2026 | The war in Iran is already reverberating across the Middle East.
From surging oil and gas prices to threats against Gulf trade routes and rising regional tensions, the conflict is having far-reaching effects beyond Iran’s borders.
Our editors examine whether the war can be contained, or if the region is heading towards a wider war.
From surging oil and gas prices to threats against Gulf trade routes and rising regional tensions, the conflict is having far-reaching effects beyond Iran’s borders.
Our editors examine whether the war can be contained, or if the region is heading towards a wider war.
Labels:
Iran War,
Middle East
Global Markets Tumble After U.S. Warns War Could Last Weeks
THE NEW YORK TIMES: Oil and gas prices surged and stock markets fell, after U.S. and Israeli officials signaled that strikes on Iran would intensify. As the conflict widened, Israel’s military stepped up operations against Iran-backed Hezbollah, which fired rockets into Israel.
Global stock markets tumbled on Tuesday and the price of oil surged, as the widening conflict in the Middle East sent a shudder through the world economy and American and Israeli officials signaled that their bombing campaign against Iran could last weeks.
President Trump was set to meet with Chancellor Friedrich Merz of Germany in Washington on Tuesday morning, the president’s first meeting with a foreign leader since the war began, and the two were expected to speak with reporters. The meeting was long planned, but is likely to be dominated by discussions of the attacks on Iran, which continued for a fourth day.
With Iran retaliating for the killing of its supreme leader, the U.S. Embassy in Saudi Arabia warned of imminent drone and rocket attacks in Dhahran, the eastern city that is home to Saudi Aramco, the government-controlled oil producer, threatening to put more pressure on global oil supplies. The embassy itself was hit by a drone attack early Tuesday, a day after a drone struck the U.S. embassy in Kuwait, prompting the United States to announce that it was closing both facilities.
Fighting escalated between Israel and Iran-backed Hezbollah in southern Lebanon. The Israeli military said that it was carrying out additional strikes in Iran, and had targeted weapons storage facilities in Beirut, the Lebanese capital, as Hezbollah said it had fired attack drones at Israel. Israel’s advance in southern Lebanon prompted fears that it could be weighing a wider ground assault similar to the one it launched during its yearlong war with Hezbollah that ended in late 2024. Iran Live Updates » | Aaron Boxerman, Helene Cooper and Yan Zhuang | Tuesday, March 3, 2026
Global stock markets tumbled on Tuesday and the price of oil surged, as the widening conflict in the Middle East sent a shudder through the world economy and American and Israeli officials signaled that their bombing campaign against Iran could last weeks.
President Trump was set to meet with Chancellor Friedrich Merz of Germany in Washington on Tuesday morning, the president’s first meeting with a foreign leader since the war began, and the two were expected to speak with reporters. The meeting was long planned, but is likely to be dominated by discussions of the attacks on Iran, which continued for a fourth day.
With Iran retaliating for the killing of its supreme leader, the U.S. Embassy in Saudi Arabia warned of imminent drone and rocket attacks in Dhahran, the eastern city that is home to Saudi Aramco, the government-controlled oil producer, threatening to put more pressure on global oil supplies. The embassy itself was hit by a drone attack early Tuesday, a day after a drone struck the U.S. embassy in Kuwait, prompting the United States to announce that it was closing both facilities.
Fighting escalated between Israel and Iran-backed Hezbollah in southern Lebanon. The Israeli military said that it was carrying out additional strikes in Iran, and had targeted weapons storage facilities in Beirut, the Lebanese capital, as Hezbollah said it had fired attack drones at Israel. Israel’s advance in southern Lebanon prompted fears that it could be weighing a wider ground assault similar to the one it launched during its yearlong war with Hezbollah that ended in late 2024. Iran Live Updates » | Aaron Boxerman, Helene Cooper and Yan Zhuang | Tuesday, March 3, 2026
Labels:
Gas,
Iran War,
oil,
stock markets
One of UK's Richest Men Wants German Citizenship over 'Hostility' to Jews
BBC: "Britain is an uncomfortable place for Jews today," Cardiff-born billionaire Sir Michael Moritz has said.
The Welsh investor said Britain was "far more hostile than the US" towards its Jewish community, citing the attack on Manchester's Heaton Park synagogue in 2025.
Sir Michael, who has written about his family's experience of the Nazis, said "antisemitism is always in the air" and there were modern parallels to the persecution they had faced.
He said he was applying for a German passport, which is what he calls an "insurance policy" that would allow him the opportunity to flee the US or the UK in a way that some of his ancestors were unable to escape persecution.
He also argued that the UK was a less attractive place to do business compared with the US and China, and that the growing use of AI could be "deeply disruptive" for white-collar workers.
The 71-year-old, who holds both UK and US passports, is the richest Welshman who has ever lived. with a wealth built on investments in companies like Yahoo and Google that made him billions during the dot-com boom of the early 2000s.
In a memoir called Ausländer – the German word for foreigner or outsider – Sir Michael charts his family's treatment under the Nazis.
His paternal grandparents, Max and Minnie Moritz, were among swathes of relatives killed during the Holocaust.
Using public archives he found that two of his relatives, his great-uncle Oskar Moritz and his cousin Mira Marx, were photographed by the Gestapo as they were forced onto buses that transported them to their deaths.
Sir Michael's parents had escaped Germany and settled in Cardiff, where he attended the now-closed Howardian High School in Penylan. » | Huw Thomas | Wales business correspondent | Monday, March 2, 2026
The Welsh investor said Britain was "far more hostile than the US" towards its Jewish community, citing the attack on Manchester's Heaton Park synagogue in 2025.
Sir Michael, who has written about his family's experience of the Nazis, said "antisemitism is always in the air" and there were modern parallels to the persecution they had faced.
He said he was applying for a German passport, which is what he calls an "insurance policy" that would allow him the opportunity to flee the US or the UK in a way that some of his ancestors were unable to escape persecution.
He also argued that the UK was a less attractive place to do business compared with the US and China, and that the growing use of AI could be "deeply disruptive" for white-collar workers.
The 71-year-old, who holds both UK and US passports, is the richest Welshman who has ever lived. with a wealth built on investments in companies like Yahoo and Google that made him billions during the dot-com boom of the early 2000s.
In a memoir called Ausländer – the German word for foreigner or outsider – Sir Michael charts his family's treatment under the Nazis.
His paternal grandparents, Max and Minnie Moritz, were among swathes of relatives killed during the Holocaust.
Using public archives he found that two of his relatives, his great-uncle Oskar Moritz and his cousin Mira Marx, were photographed by the Gestapo as they were forced onto buses that transported them to their deaths.
Sir Michael's parents had escaped Germany and settled in Cardiff, where he attended the now-closed Howardian High School in Penylan. » | Huw Thomas | Wales business correspondent | Monday, March 2, 2026
Labels:
Wales
„Ich kann Länder zerstören“: Trump ist im Machtrausch
Labels:
Donald Trump,
Sandra Navidi
March 02, 2026
Javier Milei veut ériger l'« alliance stratégique durable » avec les États-Unis en « politique d'État »
LE FIGARO : Javier Milei s’est dit résolu à pousser plus avant ses réformes, annonçant un train ambitieux de 90 réformes dans l’année, pour « redessiner » l’Argentine « pour les 50 prochaines années ».
Le président ultralibéral argentin Javier Milei a déclaré dimanche au Parlement vouloir faire de « l'alliance stratégique durable » avec les États-Unis de son allié Donald Trump une « politique d'État », notamment pour agir sur le « terrain de rivalité stratégique » de l'Atlantique sud.
« L'Argentine a déjà laissé passer deux fois le train de l'histoire », a déclaré M. Milei dans son discours sur l'État de la nation lançant sa seconde moitié de mandat, en référence à la neutralité argentine pendant la Seconde Guerre mondiale qui « nous a coûté des décennies de marginalisation ». » | Par Le Figaro avec AFP | lundi 2 mars 2026
Le président ultralibéral argentin Javier Milei a déclaré dimanche au Parlement vouloir faire de « l'alliance stratégique durable » avec les États-Unis de son allié Donald Trump une « politique d'État », notamment pour agir sur le « terrain de rivalité stratégique » de l'Atlantique sud.
« L'Argentine a déjà laissé passer deux fois le train de l'histoire », a déclaré M. Milei dans son discours sur l'État de la nation lançant sa seconde moitié de mandat, en référence à la neutralité argentine pendant la Seconde Guerre mondiale qui « nous a coûté des décennies de marginalisation ». » | Par Le Figaro avec AFP | lundi 2 mars 2026
Labels:
Argentine,
États-Unis,
Javier Milei
March 01, 2026
Oil Price Expected to Surge after Iran Strikes and Strait of Hormuz Closure
THE GUARDIAN: Stock markets around the world could tumble on Monday and motorists are likely to pay more at the pump
The price of oil is expected to soar on Monday as the US-Israel war on Iran and the effective closure of the crucial strait of Hormuz rattles investors despite major producers’ pledges to increase its output.
US crude is on track to rise by 11% when trading resumes, according to data from the broker IG. The jump comes as Opec+, the cartel of oil producers, agreed on Sunday to step up its output by more than expected as it assessed the impact of the conflict.
Iran’s Revolutionary Guards reportedly told ships on Saturday that passage through the strait of Hormuz was prohibited, in effect shutting the key choke point and prompting the halt of some oil shipments.
About $500bn (£372bn) of energy trade and 20% of global oil supplies pass through the strait each year. Vessels also carry chemicals and fertilisers, meaning disruption could affect agriculture and global food prices. » | Graeme Wearden and Mark Sweney | Sunday, March 1, 2026
The price of oil is expected to soar on Monday as the US-Israel war on Iran and the effective closure of the crucial strait of Hormuz rattles investors despite major producers’ pledges to increase its output.
US crude is on track to rise by 11% when trading resumes, according to data from the broker IG. The jump comes as Opec+, the cartel of oil producers, agreed on Sunday to step up its output by more than expected as it assessed the impact of the conflict.
Iran’s Revolutionary Guards reportedly told ships on Saturday that passage through the strait of Hormuz was prohibited, in effect shutting the key choke point and prompting the halt of some oil shipments.
About $500bn (£372bn) of energy trade and 20% of global oil supplies pass through the strait each year. Vessels also carry chemicals and fertilisers, meaning disruption could affect agriculture and global food prices. » | Graeme Wearden and Mark Sweney | Sunday, March 1, 2026
Labels:
crude oil,
Iran War,
stock markets
Trump autoriza las ventas de petróleo al sector privado de Cuba
THE NEW YORK TIMES: Tras bloquear los envíos de petróleo desde el extranjero a la isla, el gobierno de Trump da luz verde a la entrada de pequeñas cantidades a Cuba, siempre que no lleguen al gobierno.
Después de bloquear los envíos de petróleo desde extranjero a Cuba, lo que ha sumido a la isla en su crisis más profunda en décadas, el gobierno de Donald Trump ha empezado a permitir que empresas estadounidenses envíen combustible a negocios privados en Cuba.
El gobierno de Trump también está permitiendo que las empresas soliciten licencias para vender petróleo venezolano a entidades no gubernamentales en Cuba, como organizaciones humanitarias y pequeñas empresas.
Los esfuerzos del presidente Trump por ayudar a negocios como mercados de alimentos y compañías de transporte a paliar la aplastante escasez de petróleo señalan lo que, según los expertos, es una estrategia para reforzar al pequeño sector privado del país, en dificultades, al tiempo que se sortea al gobierno comunista que Estados Unidos busca destituir. » | Por Frances Robles y David C. Adams | Reportando desde Florida | 28 de febrero de 2026
Read in English.
Después de bloquear los envíos de petróleo desde extranjero a Cuba, lo que ha sumido a la isla en su crisis más profunda en décadas, el gobierno de Donald Trump ha empezado a permitir que empresas estadounidenses envíen combustible a negocios privados en Cuba.
El gobierno de Trump también está permitiendo que las empresas soliciten licencias para vender petróleo venezolano a entidades no gubernamentales en Cuba, como organizaciones humanitarias y pequeñas empresas.
Los esfuerzos del presidente Trump por ayudar a negocios como mercados de alimentos y compañías de transporte a paliar la aplastante escasez de petróleo señalan lo que, según los expertos, es una estrategia para reforzar al pequeño sector privado del país, en dificultades, al tiempo que se sortea al gobierno comunista que Estados Unidos busca destituir. » | Por Frances Robles y David C. Adams | Reportando desde Florida | 28 de febrero de 2026
Read in English.
Labels:
Cuba,
Donald Trump
St. David's Day, the National Day of Wales: Daffodils – William Wordsworth (An Inspirational Poem)
Jun 20, 2020 | A powerful poem on finding pleasure and comfort in nature.
Read by Victor Vertunni
William Wordsworth was a revered English poet who was, in part, responsible for kick-starting the Romantic movement in English literature.
Inspired after finding a surprising number of daffodils during a countryside walk, Daffodils (or 'I Wondered Lonely as a Cloud') serves as something of a reminder that humanity is a part of nature and not an opposing force.
Dydd Gŵyl Dewi Sant Hapus I chwi gyd! / Happy St. David’s Day to you all! — © Mark Alexander
Image Source: With thanks to Plantlife.org.uk.
Read by Victor Vertunni
William Wordsworth was a revered English poet who was, in part, responsible for kick-starting the Romantic movement in English literature.
Inspired after finding a surprising number of daffodils during a countryside walk, Daffodils (or 'I Wondered Lonely as a Cloud') serves as something of a reminder that humanity is a part of nature and not an opposing force.
Labels:
St David's Day,
Wales
February 28, 2026
Le chef de la diplomatie polonaise défend l'Europe face aux favorables à un Polexit
Labels:
Polexit,
Pologne,
Radoslaw Sikorski
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