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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 05, 2026
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
US Midterm Results: 'This Is a Rejection of Donald Trump' | Adam Boulton
Nov 4, 2026 | “Trump and Maga are not the automatic answer any longer in American politics.”
There has been a “rewriting of the political map” and a “rejection” of Maga, with both chambers of Congress going “emphatically” to the Democrats, says Times Radio’s Adam Boulton.
There has been a “rewriting of the political map” and a “rejection” of Maga, with both chambers of Congress going “emphatically” to the Democrats, says Times Radio’s Adam Boulton.
Labels:
Democrats,
Donald Trump,
Republicans
Democrats Seize Control of Congress as Voters Rebuke Trump
THE NEW YORK TIMES: Democrats flipped seven Senate seats, including three in states long held by Republicans, and overcame a redistricting effort to capture the House. President Trump told The New York Times that he would accept the results.
Democrats on Wednesday were celebrating a triumph in the midterm elections, winning control of the Senate and the House as voters delivered a blistering rebuke to President Trump and reset the balance of power in Washington. The romp stretched from coast to coast as Democrats flipped seats that had spent decades in Republican hands and took House districts that had long seemed inaccessible.
Mr. Trump told The New York Times in an interview that he was “absolutely willing to accept those results” and was prepared to work with Democrats.
Among the questions remaining as Wednesday dawned were how big the Democrats’ House majority would be, and whether the party could yet widen its lead in the Senate. Ballots were still being counted in Alaska’s contentious Senate race and in the unlikely battleground of Mississippi, where less than 50 votes separated the two candidates.
Voters turned out Republican candidates who tethered themselves to Mr. Trump and those who sought a modicum of independence from him. Democrats flipped Senate seats in Maine, Iowa, Kansas, Ohio, North Carolina, South Carolina and even Texas, according to The Associated Press. Republicans had held the Senate seats in Texas and South Carolina for decades. The Kansas seat had been red for nearly a century.
Senator Susan Collins, a Maine Republican who had repeatedly foiled Democratic efforts to unseat her in over 30 years in Washington, conceded her race to the Democratic candidate, Troy Jackson.
In Texas, James Talarico, a state legislator who became a national fund-raising sensation, toppled Ken Paxton, the scandal-ridden Republican state attorney general whom Mr. Trump elevated to the nomination.
In South Carolina, Dr. Annie Andrews prevailed over Senator Darline Graham, the sister of the late Senator Lindsey Graham. And Dr. Abdul El-Sayed won in Michigan, becoming the first Muslim elected to the Senate, even after his defeated primary rival endorsed the Republican nominee.
Democrats notched other firsts in governor’s races. In Georgia, Keisha Lance Bottoms became the first Black woman to be elected governor in the state in U.S. history. In Texas, Gina Hinojosa will be the first Democratic governor since 1990, ousting Gov. Greg Abbott, a three-term Republican. And Dr. Amy Acton became the first woman elected governor of Ohio.
As Democrats flipped House seats across the map, the redistricting effort Republicans undertook in hopes of protecting their majority failed to yield the victories that they had intended. Democrats won districts in Florida that Republicans redrew, and a North Carolina seat Democrats flipped was also part of the Republican redistricting effort.
Republicans fended off a significant challenge in a Senate race in Florida: Senator Ashley Moody defeated Angie Nixon, a progressive Democrat, in a tight contest to complete the term of Secretary of State Marco Rubio. Midterm Elections Live Updates: » | Reid J. Epstein and Kellen Browning | Wednesday, November 4, 2026
Democrats on Wednesday were celebrating a triumph in the midterm elections, winning control of the Senate and the House as voters delivered a blistering rebuke to President Trump and reset the balance of power in Washington. The romp stretched from coast to coast as Democrats flipped seats that had spent decades in Republican hands and took House districts that had long seemed inaccessible.
Mr. Trump told The New York Times in an interview that he was “absolutely willing to accept those results” and was prepared to work with Democrats.
Among the questions remaining as Wednesday dawned were how big the Democrats’ House majority would be, and whether the party could yet widen its lead in the Senate. Ballots were still being counted in Alaska’s contentious Senate race and in the unlikely battleground of Mississippi, where less than 50 votes separated the two candidates.
Voters turned out Republican candidates who tethered themselves to Mr. Trump and those who sought a modicum of independence from him. Democrats flipped Senate seats in Maine, Iowa, Kansas, Ohio, North Carolina, South Carolina and even Texas, according to The Associated Press. Republicans had held the Senate seats in Texas and South Carolina for decades. The Kansas seat had been red for nearly a century.
Senator Susan Collins, a Maine Republican who had repeatedly foiled Democratic efforts to unseat her in over 30 years in Washington, conceded her race to the Democratic candidate, Troy Jackson.
In Texas, James Talarico, a state legislator who became a national fund-raising sensation, toppled Ken Paxton, the scandal-ridden Republican state attorney general whom Mr. Trump elevated to the nomination.
In South Carolina, Dr. Annie Andrews prevailed over Senator Darline Graham, the sister of the late Senator Lindsey Graham. And Dr. Abdul El-Sayed won in Michigan, becoming the first Muslim elected to the Senate, even after his defeated primary rival endorsed the Republican nominee.
Democrats notched other firsts in governor’s races. In Georgia, Keisha Lance Bottoms became the first Black woman to be elected governor in the state in U.S. history. In Texas, Gina Hinojosa will be the first Democratic governor since 1990, ousting Gov. Greg Abbott, a three-term Republican. And Dr. Amy Acton became the first woman elected governor of Ohio.
As Democrats flipped House seats across the map, the redistricting effort Republicans undertook in hopes of protecting their majority failed to yield the victories that they had intended. Democrats won districts in Florida that Republicans redrew, and a North Carolina seat Democrats flipped was also part of the Republican redistricting effort.
Republicans fended off a significant challenge in a Senate race in Florida: Senator Ashley Moody defeated Angie Nixon, a progressive Democrat, in a tight contest to complete the term of Secretary of State Marco Rubio. Midterm Elections Live Updates: » | Reid J. Epstein and Kellen Browning | Wednesday, November 4, 2026
Labels:
Donald Trump,
midterms
November 03, 2026
On Cusp of Renewed War, More Iranians are Calling for Nuclear Weapons
THE NEW YORK TIMES: Some Iranian clerics and officials argue the country must rebuild deterrence by dropping its longstanding pledge not to build a nuclear bomb.
Portraits of former Iranian supreme leaders and the current supreme leader, Ayatollah Mojtaba Khamenei, in Tehran this month. Credit: Atta Kenare/Agence France-Presse — Getty Images
From pulpits at Friday prayers to street rallies, Iranian clerics and officials are increasingly urging the country’s leaders to reverse their longtime pledge not to pursue nuclear weapons.
This demand, once seen as a fringe position held by hard-liners, is moving into mainstream public debate, and the shift could have dramatic consequences for Iran, whose government has for decades argued that its nuclear program was solely for peaceful purposes.
“We must be equipped with nuclear weapons — so that we can fight the criminal America with strength, God willing,” Ali Sepahvand, the Friday prayer leader in Iran’s western city of Kuhdasht, said last week, according to a widely distributed video.
As his voice echoed through a prayer hall, covered in photographs of commanders killed in the war with the United States and Israel this past year, the congregants chanted: “Nuclear deterrence is our inalienable right!” » | Erika Solomon | Tuesday, November 3, 2026
Little wonder that more and more Iranians are crying out for Iran to have nuclear weapons! America and Israel won’t stop trying to bully the Iranians into submission. It would be a different story if Iran had nuclear weapons! It is clear that Trump and Netanyahu’s policies are making the world a very much more dangerous place.
Ukraine should never have relinquished its nuclear arsenal back in 1994. On the basis of the Budapest Understanding on Security Assurances, the then Ukrainian government relinquished the country’s nuclear arms, handing over in 1996 its last nuclear warhead to Russia for dismantlement! The denuclearization process was finished in 2001. I bet that Ukrainians regret their country’s denuclearization. The war with Russia today would look very different had they not done that.
In an ideal world, I would not be in favour of countries possessing nuclear weapons. Alas this is not an ideal world. So, countries want nuclear weapons to ensure that they won’t be attacked by stronger countries which possess them, countries like Israel and the USA. It should be remembered that it was the balance of nuclear arsenals that ensured ultimate peace during the Cold War. Weaker countries will always be the target of stronger countries with malign designs. — © Mark Alexander
From pulpits at Friday prayers to street rallies, Iranian clerics and officials are increasingly urging the country’s leaders to reverse their longtime pledge not to pursue nuclear weapons.
This demand, once seen as a fringe position held by hard-liners, is moving into mainstream public debate, and the shift could have dramatic consequences for Iran, whose government has for decades argued that its nuclear program was solely for peaceful purposes.
“We must be equipped with nuclear weapons — so that we can fight the criminal America with strength, God willing,” Ali Sepahvand, the Friday prayer leader in Iran’s western city of Kuhdasht, said last week, according to a widely distributed video.
As his voice echoed through a prayer hall, covered in photographs of commanders killed in the war with the United States and Israel this past year, the congregants chanted: “Nuclear deterrence is our inalienable right!” » | Erika Solomon | Tuesday, November 3, 2026
Little wonder that more and more Iranians are crying out for Iran to have nuclear weapons! America and Israel won’t stop trying to bully the Iranians into submission. It would be a different story if Iran had nuclear weapons! It is clear that Trump and Netanyahu’s policies are making the world a very much more dangerous place.
Ukraine should never have relinquished its nuclear arsenal back in 1994. On the basis of the Budapest Understanding on Security Assurances, the then Ukrainian government relinquished the country’s nuclear arms, handing over in 1996 its last nuclear warhead to Russia for dismantlement! The denuclearization process was finished in 2001. I bet that Ukrainians regret their country’s denuclearization. The war with Russia today would look very different had they not done that.
In an ideal world, I would not be in favour of countries possessing nuclear weapons. Alas this is not an ideal world. So, countries want nuclear weapons to ensure that they won’t be attacked by stronger countries which possess them, countries like Israel and the USA. It should be remembered that it was the balance of nuclear arsenals that ensured ultimate peace during the Cold War. Weaker countries will always be the target of stronger countries with malign designs. — © Mark Alexander
Labels:
Iran,
nuclear weapons
“Musk”: Alex Gibney on New Film, Legal Threats & Elon Musk Spending $366M to Help GOP in Midterms
Oct 13, 2026 | We speak with the Academy Award-winning director Alex Gibney about his new documentary Musk, an expansive, nearly four-hour examination of the world’s first trillionaire and how he has amassed unprecedented power in business, technology and politics. The film traces Elon Musk’s early ventures and the rise of SpaceX and Tesla, examining the role of government support in their growth. It also explores his acquisition of Twitter, now X; his alliance with President Donald Trump and the MAGA movement; and his role in the Department of Government Efficiency, or DOGE, whose cuts devastated federal programs, including USAID.
Gibney says Musk has carefully crafted an image of a “polymath” who can solve the world’s most pressing problems, but that he is really “kind of a ruthless businessman” willing to do whatever it takes to succeed, including “a series of elaborate cons” to win government support for his companies.
Democracy Now! can be supported here »
Gibney says Musk has carefully crafted an image of a “polymath” who can solve the world’s most pressing problems, but that he is really “kind of a ruthless businessman” willing to do whatever it takes to succeed, including “a series of elaborate cons” to win government support for his companies.
Democracy Now! can be supported here »
Labels:
Elon Musk
Steve Rosenberg: Drones, Enemies & “the Longest Investment Crisis in Modern Russian History.”
Labels:
Russia,
what the papers say
November 02, 2026
Preisschock im Gasthaus - Wird essen gehen unbezahlbar? | SWR Doku
Oct 26, 2026 | Die SWR Doku untersucht, wie stark Restaurantpreise seit 2019 gestiegen sind und welche Folgen das für Gäste und Betriebe hat. Anhand tausender Speisekarten geht es um die Frage, ob Aufschläge von teils mehr als 50 Prozent gerechtfertigt sind. Steigende Kosten für Personal, Energie und Lebensmittel treffen auf Betriebe, die um ihre Existenz kämpfen, während andere höhere Gewinne anstreben.
Wie stark haben sich die Restaurantpreise seit 2019 erhöht und welche Folgen hat das? Sind Preissteigerungen von teils mehr als 50 Prozent gerechtfertigt? Die SWR Autor:innen vergleichen Speisekarten von 2019 mit aktuellen und werten tausende Datensätze aus. Werden Gäste abgezockt oder sind die Preissteigerungen legitim? Personal, Energie und Lebensmittel sind teurer geworden. Immer mehr Restaurants schließen deshalb. Andere Gastronom:innen wollen höhere Gewinne machen. Die SWR Doku begleitet drei Gastronomen, die offen über Preisstrategien und Belastungen sprechen. Ein Mann aus Baden-Württemberg führt eine Statistik: mehr als 300 verkostete Rostbraten und deren Preise. Sein Lieblingsgericht kostet zwischen unter 20 und knapp 40 Euro. 2019 gilt als letztes "normales" Jahr der Gastronomie vor Pandemie und Inflation. Warum haben manche Restaurants seit damals ihre Preise um mehr als 50 Prozent angehoben? Außerdem geht es um "Shrinking"- kleinere Portionen bei steigenden Preisen.
Wie stark haben sich die Restaurantpreise seit 2019 erhöht und welche Folgen hat das? Sind Preissteigerungen von teils mehr als 50 Prozent gerechtfertigt? Die SWR Autor:innen vergleichen Speisekarten von 2019 mit aktuellen und werten tausende Datensätze aus. Werden Gäste abgezockt oder sind die Preissteigerungen legitim? Personal, Energie und Lebensmittel sind teurer geworden. Immer mehr Restaurants schließen deshalb. Andere Gastronom:innen wollen höhere Gewinne machen. Die SWR Doku begleitet drei Gastronomen, die offen über Preisstrategien und Belastungen sprechen. Ein Mann aus Baden-Württemberg führt eine Statistik: mehr als 300 verkostete Rostbraten und deren Preise. Sein Lieblingsgericht kostet zwischen unter 20 und knapp 40 Euro. 2019 gilt als letztes "normales" Jahr der Gastronomie vor Pandemie und Inflation. Warum haben manche Restaurants seit damals ihre Preise um mehr als 50 Prozent angehoben? Außerdem geht es um "Shrinking"- kleinere Portionen bei steigenden Preisen.
Labels:
Deutschland,
Doku,
inflation,
Teuerung
Trump Headed for a Bloody Nose in Midterms Promising More Political Lash-outs | Andrew Neil
Nov 2, 2026 | "Those hoping for a more settled, more reliable, more quiescent relationship with the Trump administration are likely to have such hopes quickly dashed."
As polls indicate, Donald Trump is headed for a miserable midterm outcome as the mood in the White House becomes grim, says Times Radio presenter Andrew Neil.
As polls indicate, Donald Trump is headed for a miserable midterm outcome as the mood in the White House becomes grim, says Times Radio presenter Andrew Neil.
Labels:
Donald Trump,
midterms
Nouvelles cyberattaques contre des supermarchés : ces inquiétantes vulnérabilités sur les réseaux numériques européens
LE FIGARO : DÉCRYPTAGE - Comme en France il y a trois semaines, des attaquants ont saboté lundi les systèmes de réfrigération. La recrudescence des actes de piratage inquiète les autorités, qui n’ont pas désigné de responsables.
L’attaque est massive à défaut d’être sophistiquée. Des supermarchés en Belgique, en Estonie, en Finlande, en Irlande, au Luxembourg ou en Suède ont été victimes lundi d’une cyberattaque contre leurs réfrigérateurs. Exactement comme celle qui avait touché la France il y a trois semaines : en augmentant la température des réfrigérateurs, les attaquants avaient détruit des tonnes de denrées alimentaires. « La répétition de ces cyberattaques est extrêmement préoccupante », s’est inquiété lundi le Commissaire européen à l’Agriculture, Christophe Hansen. Les opérations malveillantes se multiplient, facilitées par la diffusion d’outils d’intrusion numérique ou la découverte, grâce à des IA, de nouvelles vulnérabilités.
« Il s’agit d’une tentative délibérée de perturber notre chaîne d’approvisionnement alimentaire et de saper la confiance des consommateurs - un avertissement que nous devons prendre au sérieux », a-t-il commenté avant de tenter de se montrer plus rassurant : « Notre sécurité alimentaire n’est pas menacée pour l’instant, mais le gaspillage alimentaire et ses répercussions sur les entreprises sont bien réels ». Si les auteurs des différentes attaques n’ont pas été identifiés, leur objectif n’était visiblement pas l’appât du gain. Il s’agissait d’une démonstration de savoir-faire... Ou d’une volonté de destruction. » | Par Nicolas Barotte | lundi 2 vovembre 2026
Réservé aux abonnés
Labels:
cyberattaques
Steve Rosenberg: Why Is Moscow Closely Watching the US Midterm Elections?
Labels:
Russia,
what the papers say
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