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
November 07, 2026
Trillions Lost as Investors Question the AI Boom | DW News
Labels:
AI bubble,
stock markets
Could the CRISIS in France Spread around Europe?
Nov 7, 2026 | For weeks, France has been gripped by huge protests which have left the country in chaos and its government in a full blown crisis. What started as student protests, have grown into nationwide demonstrations - and now strikes - in protest at the cost of living, pay and public services.
But the response from the government has been controversial, with many criticising what they see as heavy-handed tactics by police.
In this episode of the Fourcast, Alex Thomson is joined by Alice De Brito, the Vice President of the National Students’ Union of France, as well as Steve Erlanger, the chief diplomatic correspondent in Europe for The New York Times. They discuss whether the chaos could pave the way for the far-right, if France can pay for the protesters’ demands and whether the unrest could spread around Europe.
But the response from the government has been controversial, with many criticising what they see as heavy-handed tactics by police.
In this episode of the Fourcast, Alex Thomson is joined by Alice De Brito, the Vice President of the National Students’ Union of France, as well as Steve Erlanger, the chief diplomatic correspondent in Europe for The New York Times. They discuss whether the chaos could pave the way for the far-right, if France can pay for the protesters’ demands and whether the unrest could spread around Europe.
Labels:
France,
protests and strikes
What Next for the Democrats? | Martin Wolf on the US Midterms | FT
Nov 6, 2026 | Americans roundly rejected the Republican Party under President Donald Trump at the ballot box, giving the Democratic Party control of both the House of Representatives and the Senate. That means Democrats have a raft of new tools with which to oppose Trump, including control of investigative committees the party may use to look into alleged corruption.
How should the Democrats use that power? Does the scale of their victory mean they have the country’s backing, or just that Republicans were unpopular? And will Trump’s brand of politics return?
Martin speaks to Nobel prize-winning economist Paul Krugman to discuss what happens next.
How should the Democrats use that power? Does the scale of their victory mean they have the country’s backing, or just that Republicans were unpopular? And will Trump’s brand of politics return?
Martin speaks to Nobel prize-winning economist Paul Krugman to discuss what happens next.
Labels:
Donald Trump,
midterms,
Paul Krugman
November 06, 2026
Michael Lambert: Boris Johnson, Donald Trump and Nigel Farage - Men Who Were Always Destined To Fail
Nov 6, 2026 | Why were the political careers of Trump, Johnson and Farage all destined to end in failure? Three of the most charismatic politicians of our time — and all three ended with reputations in tatters.
In this video I argue that Boris Johnson, Donald Trump, and Nigel Farage were always destined to fail because they were doing it entirely for themselves. Johnson saw being Prime Minister as a bit of a laugh, Trump treated the presidency like just another game show and Farage spent 20 years as a well-paid MEP while claiming to fight the establishment.
I go through the moments when the public decided it was just not fair — from parties in Downing Street during Covid lockdown, to fortunes amassed while ordinary people suffered, to Brexit not being handled properly and questions over a 5-million-pound gift.
Charisma only carries you so far once people realise they've been conned. It's very satisfying to watch a con man realise he's been sussed. These three sad characters prove it. …
In a few words, they are all basTURDS! We have a few of them this side of the Pond, but across the Pond, they have a whole regime-full of them! Westerners need to find their cojones and kick the basTURDS out of office. Pronto! And across the Pond, they need to ensure that when they are kicked out of office, the basTURDS don’t get to walk away with all their ILL-GOTTEN GAINS. The state needs to sequestrate those illegal gains. Then, the next US government will be able to do many goods works for the people with the seized money. — © Mark Alexander
In this video I argue that Boris Johnson, Donald Trump, and Nigel Farage were always destined to fail because they were doing it entirely for themselves. Johnson saw being Prime Minister as a bit of a laugh, Trump treated the presidency like just another game show and Farage spent 20 years as a well-paid MEP while claiming to fight the establishment.
I go through the moments when the public decided it was just not fair — from parties in Downing Street during Covid lockdown, to fortunes amassed while ordinary people suffered, to Brexit not being handled properly and questions over a 5-million-pound gift.
Charisma only carries you so far once people realise they've been conned. It's very satisfying to watch a con man realise he's been sussed. These three sad characters prove it. …
In a few words, they are all basTURDS! We have a few of them this side of the Pond, but across the Pond, they have a whole regime-full of them! Westerners need to find their cojones and kick the basTURDS out of office. Pronto! And across the Pond, they need to ensure that when they are kicked out of office, the basTURDS don’t get to walk away with all their ILL-GOTTEN GAINS. The state needs to sequestrate those illegal gains. Then, the next US government will be able to do many goods works for the people with the seized money. — © Mark Alexander
Jared Kushner: The Most Powerful Person in America
Labels:
Jared Kushner
How Peter Thiel “Created” JD Vance
Gil Durán’s new book The Nerd Reich: Silicon Valley Fascism and the War on Democracy, digs into the links between tech billionaires and the Trump administration, including the relationship between Vice President JD Vance and billionaire co-founder of PayPal and Palantir, Peter Thiel.
A former venture capitalist Vance’s “outsider” campaign for Senate was bankrolled by Thiel, whose influence has extended to another PayPal co-founder, the former Special Advisor to President Trump, Elon Musk, as well as to Trump’s sons and son-in-law Jared Kushner through a growing network of investments aimed at enlarging the Trump family’s wealth.
Hear what the author Gil Durán has to say on the matter.
A former venture capitalist Vance’s “outsider” campaign for Senate was bankrolled by Thiel, whose influence has extended to another PayPal co-founder, the former Special Advisor to President Trump, Elon Musk, as well as to Trump’s sons and son-in-law Jared Kushner through a growing network of investments aimed at enlarging the Trump family’s wealth.
Labels:
Gil Durán,
JD Vance,
Peter Thiel
'Was Doing Cartwheels' Canada Premier Doug Ford Absolutely Shreds Trump After Midterm Results
Nov 5, 2026 | Ontario premier Doug Ford said he was doing “cartwheels” when US midterm results showed voters had rebuked President Donald Trump’s economic agenda.
Ford, one of the loudest critics of the president’s tariffs, which have targeted his province’s auto and steel sectors, said the election results were also “a victory for Canada”.
“I’m directing our ministers as soon as everyone gets sworn in, go down to Washington, connect with the senators, the Congress people, and of course, I’ll be talking to the governors and seeing how we can move forward,” he said.
Ford, one of the loudest critics of the president’s tariffs, which have targeted his province’s auto and steel sectors, said the election results were also “a victory for Canada”.
“I’m directing our ministers as soon as everyone gets sworn in, go down to Washington, connect with the senators, the Congress people, and of course, I’ll be talking to the governors and seeing how we can move forward,” he said.
Labels:
Canada,
Donald Trump,
midterms
Wall Street plonge, vent de panique sur l’IA : le Nasdaq perd 2500 milliards de capitalisation après la victoire démocrate aux midterms
LE FIGARO : La vague bleue pourrait aboutir à la remise en question de nombreux projets de data centers dans le pays ainsi qu'à de nouvelles régulations sur les acteurs du secteur. Le Nasdaq a vécu jeudi sa pire journée depuis avril 2025.
Gros vent de panique à Wall Street. Deux jours après la vague bleue des midterms, les marchés boursiers américains se sont fortement orientés à la baisse à la clôture des marchés ce jeudi. Le Nasdaq, à forte coloration technologique, a accusé les plus fortes pertes, avec une baisse de 5,52% et enregistré une baisse de capitalisation boursière supérieure à 2500 milliards de dollars. De ce fait, il enregistre sa plus forte baisse journalière depuis avril 2025 et le « Liberation Day » de Donald Trump. Vu le poids des géants de la tech dans les autres indices américains, le S&P 500 et le Dow Jones ont également accusé le coup, cédant respectivement 4,35% et 3,44%.
Difficile de ne pas voir dans ce mouvement l’impact direct du résultat des midterms. Avec la très large défaite de Donald Trump et des républicains dans de nombreux États du pays, beaucoup de projets de centres de données portés par les entreprises du secteur - essentiels pour le développement de l’IA - sont menacés. Selon un décompte du Washington Post réalisé jeudi, une trentaine de juridictions à travers le pays ont voté à l’occasion des élections de mi-mandat des propositions législatives de moratoires sur l’implantation ou à tout le moins des restrictions pour ces objets. C’est notamment le cas dans l’Ohio, au Kansas, en Californie ou encore dans le New Hampshire. Bloomberg assure que la moitié des nouveaux projets de centres de données d’IA à travers les États-Unis sont potentiellement menacés par des moratoires ou des restrictions. « Nous pensions être tirés d’affaire après le rebond du marché au lendemain des élections de mi-mandat, mais soudain, c’est un véritable bain de sang à Wall Street », commente auprès de l’AFP Jose Torres, analyste d’Interactive Brokers. » | Par Lucas Mediavilla | Publié : jeudi 5 novembre 2026. Mis à jour : vendredi 6 novembre 2026
Réservé aux abonnés
Do the US Midterms Mean the End of 'Trumpism'? | BBC Question Time
Nov 5, 2026 | Has the "politics of nastiness" come to an end after the Democrats sweep the House and Senate in the US midterms, and what does this mean for politics in the UK and Europe?
Watch what the Question Time panel from Liverpool said on the audience question: "How will the results of US midterms affect us here?", featuring Labour's Lucy Powell, Conservative Luke Evans, TUC General Secretary Paul Nowak, Telegraph columnist Tim Stanley, and psychologist and ex-NBA star John Amaechi.
These are some of the adjectives that immediately spring to mind when I think of Trump: coarse, vulgar, incompetent, corrupt, self-serving, egocentric, dangerous, treasonous, criminal, childlike, greedy, sex-driven, and dishonest. I could go on. There are plenty more appropriate adjectives to describe Trump. But with this list, you get my drift. The sooner America and the world is rid of that deplorable man, the better! — © Mark Alexander
Watch what the Question Time panel from Liverpool said on the audience question: "How will the results of US midterms affect us here?", featuring Labour's Lucy Powell, Conservative Luke Evans, TUC General Secretary Paul Nowak, Telegraph columnist Tim Stanley, and psychologist and ex-NBA star John Amaechi.
These are some of the adjectives that immediately spring to mind when I think of Trump: coarse, vulgar, incompetent, corrupt, self-serving, egocentric, dangerous, treasonous, criminal, childlike, greedy, sex-driven, and dishonest. I could go on. There are plenty more appropriate adjectives to describe Trump. But with this list, you get my drift. The sooner America and the world is rid of that deplorable man, the better! — © Mark Alexander
Labels:
Donald Trump,
midterms,
Question Time
November 05, 2026
Corruption Watchdog: Voters "Have Eyes" & Saw Trump "Enriching Himself" at Their Expense
Nov 5, 2026 | Democrats regained control of both the House and the Senate in Tuesday's historic midterm elections, a comeback fuelled largely by voter anger over high prices and the war on Iran. But surveys also found that corruption was a major concern, with 76% of voters telling a Harris poll that elected officials care more about enriching themselves than improving the economy for ordinary people. A separate Reuters/Ipsos poll found that 63% of Americans considered it inappropriate for Trump and his family to profit from cryptocurrency, while 69% said his private business interests influence his decisions as president.
"If this election was about corruption and cost, then this next Congress needs to be focused on accountability and affordability," says Donald Sherman, the president and CEO of Citizens for Responsibility and Ethics in Washington, or CREW.
"Congress needs to do oversight not just on the administration's corruption, not just on the president's profiteering, but also on corporate America, what they have gotten out of engaging in the president's pay-to-play environment, how corporate America and the outside influence of money in our political system has undermined the public voice in our policy discussions."
Democracy Now! can be supported here »
"If this election was about corruption and cost, then this next Congress needs to be focused on accountability and affordability," says Donald Sherman, the president and CEO of Citizens for Responsibility and Ethics in Washington, or CREW.
"Congress needs to do oversight not just on the administration's corruption, not just on the president's profiteering, but also on corporate America, what they have gotten out of engaging in the president's pay-to-play environment, how corporate America and the outside influence of money in our political system has undermined the public voice in our policy discussions."
Democracy Now! can be supported here »
Labels:
corruption,
Democracy Now!,
Donald Trump
This Is Why MAGA Lost the Midterms | Steve Schmidt
Labels:
Donald Trump,
MAGA,
midterms
Bank of England Raises Interest Rates and Warns of More Pain to Come
THE TEKEGRAPH: Policymakers vote to raise rates from 3.75pc to 4pc, the first increase since August 2023
The Bank of England has raised interest rates for the first time in three years and warned households to brace for further pain. Policymakers voted to raise rates from 3.75pc to 4pc on Thursday, the first increase since August 2023.
Britain’s borrowing costs rose and the pound edged up as the Bank signalled there could be another increase before Christmas.
The Bank blamed the ongoing conflict in the Middle East for triggering another sharp jump in energy prices, with John Healey’s maiden Budget doing little to ease a two-year decline in household incomes.
Threadneedle Street now believes inflation will peak at around 5pc by the middle of 2027, even if the economy slows sharply.
However, policymakers said price rises would peak at 6pc next summer if the Iran war did not end.
The Bank also laid bare the impact of the conflict on family finances, with Donald Trump’s war pushing up mortgage costs for the average household by £1,500. » | Szu Ping Chan Economics Editor. Chris Price Markets Editor | Thursday, November 5, 2026
ALSO READ:
US stocks nosedive as Democrat victory sparks investor panic: Wall Street suffered its worst sell-off since Donald Trump’s tariff rollout amid fears the Democrats will derail the AI boom. / The Nasdaq 100 plunged more than 6pc on Thursday - the biggest fall since April 2025 - with shares in semiconductor makers the hardest hit. »
The Bank of England has raised interest rates for the first time in three years and warned households to brace for further pain. Policymakers voted to raise rates from 3.75pc to 4pc on Thursday, the first increase since August 2023.
Britain’s borrowing costs rose and the pound edged up as the Bank signalled there could be another increase before Christmas.
The Bank blamed the ongoing conflict in the Middle East for triggering another sharp jump in energy prices, with John Healey’s maiden Budget doing little to ease a two-year decline in household incomes.
Threadneedle Street now believes inflation will peak at around 5pc by the middle of 2027, even if the economy slows sharply.
However, policymakers said price rises would peak at 6pc next summer if the Iran war did not end.
The Bank also laid bare the impact of the conflict on family finances, with Donald Trump’s war pushing up mortgage costs for the average household by £1,500. » | Szu Ping Chan Economics Editor. Chris Price Markets Editor | Thursday, November 5, 2026
ALSO READ:
US stocks nosedive as Democrat victory sparks investor panic: Wall Street suffered its worst sell-off since Donald Trump’s tariff rollout amid fears the Democrats will derail the AI boom. / The Nasdaq 100 plunged more than 6pc on Thursday - the biggest fall since April 2025 - with shares in semiconductor makers the hardest hit. »
Bernie Explains What’s Next after the Midterms
Nov 5, 2026 | The American people spoke loudly and clearly on Tuesday. The new Democratic majority cannot continue the same old, same old establishment policies.
Working families want change, REAL change, and that’s what Democrats must deliver.
Working families want change, REAL change, and that’s what Democrats must deliver.
Labels:
Bernie Sanders
Steve Rosenberg: What Are Today's Russian Papers Saying about the Results of the US Midterms?
Labels:
Russia,
what the papers say
Wall Street Turns Its Back on Trump and Musk by Dumping Related Assets, Roger Montgomery Says
Nov 5, 2026 | As the blame game erupts within Republican ranks over the midterms rout, what was an extraordinary day in Washington saw a remarkable rally on Wall Street. The best day in 20-months for the Dow Jones Industrial Average, while tech stocks rose on the Nasdaq. But Elon musk's Tesla and SpaceX took a hit. The billionaire spending hundreds of millions of dollars unsuccessfully backing Republicans in the midterms.
Fund manager Roger Montgomery says the clean sweep by the Democrats simply means that there will be questions "about Starlink and the grants that they've got and the contracts that they've got with government, as well as SpaceX and Tesla even."
The oil price slump also seemed to boost global stock markets but Roger Montgomery is not convinced the optimism will last. "Foreign policy in the United States has been antagonistic towards the Middle East. And the belief is that that won't continue. But of course, the fact that we've got Donald Trump as a lame duck president, he will pronounce executive orders that will remain destabilising."
Fund manager Roger Montgomery says the clean sweep by the Democrats simply means that there will be questions "about Starlink and the grants that they've got and the contracts that they've got with government, as well as SpaceX and Tesla even."
The oil price slump also seemed to boost global stock markets but Roger Montgomery is not convinced the optimism will last. "Foreign policy in the United States has been antagonistic towards the Middle East. And the belief is that that won't continue. But of course, the fact that we've got Donald Trump as a lame duck president, he will pronounce executive orders that will remain destabilising."
Labels:
Donald Trump,
Elon Musk,
Wall Street
November 04, 2026
America Makes History: Black, Latino, Muslim, Native American & LGBTQ+ Democrats Smash Midterms
Nov 4, 2026 | America's 2026 midterm elections have delivered a series of historic Democratic victories, transforming the face of American politics and dramatically expanding minority representation in the country's highest elected offices.
From Deb Haaland becoming America's first Native American woman governor to Keisha Lance Bottoms making history as Georgia's first Black female governor, the election has produced extraordinary breakthroughs.
Abdul El-Sayed becomes the first Muslim US senator, Peggy Flanagan the first Native American woman in the Senate, and Chris Pappas the first openly gay man elected to the chamber.
Meanwhile, Latino, Black, and other minority candidates have secured landmark victories across the country.
These results represent more than individual political triumphs. They highlight a changing America, where communities historically underrepresented in government are claiming a greater voice in shaping the nation's future.
Against the backdrop of Donald Trump's divisive rhetoric on race, immigration, religion and identity, the results have prompted a wider debate about diversity, inclusion and the future of American democracy.
ANTHONY DAVIS can be supported on Patreon here »
From Deb Haaland becoming America's first Native American woman governor to Keisha Lance Bottoms making history as Georgia's first Black female governor, the election has produced extraordinary breakthroughs.
Abdul El-Sayed becomes the first Muslim US senator, Peggy Flanagan the first Native American woman in the Senate, and Chris Pappas the first openly gay man elected to the chamber.
Meanwhile, Latino, Black, and other minority candidates have secured landmark victories across the country.
These results represent more than individual political triumphs. They highlight a changing America, where communities historically underrepresented in government are claiming a greater voice in shaping the nation's future.
Against the backdrop of Donald Trump's divisive rhetoric on race, immigration, religion and identity, the results have prompted a wider debate about diversity, inclusion and the future of American democracy.
ANTHONY DAVIS can be supported on Patreon here »
Labels:
Donald Trump,
midterms
Trump Signed His Own Political Death Warrant - His Era Is Over | David Cay Johnston
Labels:
David Cay Johnston,
Donald Trump,
midterms
British Conservative MP Celebrates 'Rebuff' of Donald Trump | BBC Politics Live
Nov 4, 2026 | Conservative MP Graham Stuart said he is celebrating the "rebuff" of President Donald Trump by the American people following the US midterm results.
Presenter Vicki Young was also joined by Labour MP Catherine Atkinson, The Telegraph's Annabel Denham and former Trump adviser, Fred Fleitz.
Presenter Vicki Young was also joined by Labour MP Catherine Atkinson, The Telegraph's Annabel Denham and former Trump adviser, Fred Fleitz.
Labels:
Donald Trump,
midterms
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