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
June 22, 2026
Steve Rosenberg: What Are Russian Papers Reporting about Fuel Shortages and Ukrainian Drone Strikes?
Labels:
Russia,
what the papers say
Starmer Announces He Will Resign as Labour Party Leader
THE NEW YORK TIMES: A sagging economy and policy flip-flops had fueled demands for Prime Minister Keir Starmer of Britain to step down. The announcement means he has set out a timetable for his departure as prime minister.
This screenshot is from this NYT article. | Prime Minister Keir Starmer of Britain outside 10 Downing Street in London on Monday. | Jaimi Joy/Reuters
Prime Minister Keir Starmer of Britain announced his resignation on Monday, bowing to a mutiny inside his party and a challenge to his leadership of the country.
Mr. Starmer said he would remain as prime minister until a new party leader is selected, likely by September, rather than fight to remain in the job he won almost two years ago.
The announcement makes Andy Burnham, who won a seat in Parliament on Thursday, the most likely candidate to win control of the Labour Party and become the prime minister.
The former mayor of Greater Manchester, Mr. Burnham is Labour’s most popular politician. His resounding victory last week in a special election, where he received almost 55 percent of the vote, energized his bid to oust the prime minister.
Mr. Starmer’s tenure as Britain’s leader began with Labour’s election victory in 2024, when the party won a large parliamentary majority. But it was on a record-low vote share of 34 percent, prompting analysts to call the victory a “loveless landslide.”
His time in office was increasingly defined by political decline, which left him looking weak, indecisive and not in command of his own party.
In recent weeks, Mr. Starmer had repeatedly vowed to fight any challenge to his position — by Mr. Burnham or anyone else — saying he was unwilling to walk away from his responsibility to Britain.
But in the end, he appeared to accept the political reality that came with being one of the least popular prime ministers in modern British history. U.K. Live Updates » | Michael D. Shear | Reporting from London | Monday, June 22, 2026
LESEN SIE AUCH:
Nur zwei Jahre nach Erdrutschsieg: Britischer Premier Starmer tritt zurück: Keir Starmer zieht nach wachsendem Druck aus der Labour-Partei die Konsequenzen. Bis zur Wahl eines Nachfolgers im September will er Regierungschef Großbritanniens bleiben. »
À LIRE AUSSI :
Royaume-Uni : le premier ministre britannique Keir Starmer annonce sa demission : Le premier ministre, très impopulaire, avait répété vendredi qu’il se battrait pour rester au pouvoir mais la pression a continué de monter ce week-end. Andy Burnham, le maire du Grand Manchester, est le grand favori pour lui succéder. »
Prime Minister Keir Starmer of Britain announced his resignation on Monday, bowing to a mutiny inside his party and a challenge to his leadership of the country.
Mr. Starmer said he would remain as prime minister until a new party leader is selected, likely by September, rather than fight to remain in the job he won almost two years ago.
The announcement makes Andy Burnham, who won a seat in Parliament on Thursday, the most likely candidate to win control of the Labour Party and become the prime minister.
The former mayor of Greater Manchester, Mr. Burnham is Labour’s most popular politician. His resounding victory last week in a special election, where he received almost 55 percent of the vote, energized his bid to oust the prime minister.
Mr. Starmer’s tenure as Britain’s leader began with Labour’s election victory in 2024, when the party won a large parliamentary majority. But it was on a record-low vote share of 34 percent, prompting analysts to call the victory a “loveless landslide.”
His time in office was increasingly defined by political decline, which left him looking weak, indecisive and not in command of his own party.
In recent weeks, Mr. Starmer had repeatedly vowed to fight any challenge to his position — by Mr. Burnham or anyone else — saying he was unwilling to walk away from his responsibility to Britain.
But in the end, he appeared to accept the political reality that came with being one of the least popular prime ministers in modern British history. U.K. Live Updates » | Michael D. Shear | Reporting from London | Monday, June 22, 2026
LESEN SIE AUCH:
Nur zwei Jahre nach Erdrutschsieg: Britischer Premier Starmer tritt zurück: Keir Starmer zieht nach wachsendem Druck aus der Labour-Partei die Konsequenzen. Bis zur Wahl eines Nachfolgers im September will er Regierungschef Großbritanniens bleiben. »
À LIRE AUSSI :
Royaume-Uni : le premier ministre britannique Keir Starmer annonce sa demission : Le premier ministre, très impopulaire, avait répété vendredi qu’il se battrait pour rester au pouvoir mais la pression a continué de monter ce week-end. Andy Burnham, le maire du Grand Manchester, est le grand favori pour lui succéder. »
Labels:
Keir Starmer
June 21, 2026
The Terrifying Reason Peter Thiel Escaped the US
Jun 19, 2026 | Peter Thiel moved his family to Buenos Aires just as California weighed a billionaires’ tax, sparking headlines about secret escape plans and a crumbling West. But his companies are raking in record US government cash, and his fortune remains rooted in America.
This video exposes why Thiel really chose Argentina, the loopholes that shelter his wealth, and what it reveals about how the world’s richest dodge taxes and borders while the rest of us are stuck in place.
This video exposes why Thiel really chose Argentina, the loopholes that shelter his wealth, and what it reveals about how the world’s richest dodge taxes and borders while the rest of us are stuck in place.
Labels:
Argentina,
Peter Thiel,
USA
June 20, 2026
The Tech Billionaire Plan to Destroy Democracy | Gil Duran | TMR
People like Peter Thiel may WANT to live forever, but even though I am no doctor, I can assure him that he will not. Just look at how much and how quickly Peter Thiel has aged in just a few years! Peter Thiel and people like him are living in a land of make-believe. They are totally and utterly delusional. — © Mark Alexander
Labels:
billionaires,
democracy,
Peter Thiel,
trillionaires
June 19, 2026
Entre l’Iran et les États-Unis, un accord qui bat déjà de l’aile
LE FIGARO : La cérémonie de signature prévue en Suisse vendredi a été annulée par les Iraniens, qui utilisent déjà le détroit d’Ormuz pour obliger Trump à faire pression sur les Israéliens pour qu’ils se retirent du Sud-Liban.
Les premières fissures dans l’accord irano-américain sont apparues avant même la signature officielle. La reprise des combats au Liban entre Israël et le Hezbollah a servi de prétexte à l’Iran pour annuler sa participation à la rencontre prévue vendredi en Suisse, et fermer de nouveau le détroit d’Ormuz. Le vice-président américain, JD Vance, qui devait représenter les États-Unis lors de la cérémonie à Bürgenstock, au-dessus du lac de Lucerne, a renoncé à son déplacement. Les Iraniens ont dénoncé la riposte israélienne à des attaques du Hezbollah contre ses forces au Sud-Liban comme une violation du protocole d’accord. Ils ont montré qu’ils étaient prêts à utiliser de nouveau le détroit d’Ormuz comme moyen de pression.
« Étant donné que le retrait d’Israël du Liban , la levée totale du blocus naval et le retrait des forces terroristes américaines du golfe Persique et de la région figurent parmi les principales conditions de l’accord entre l’Iran et les États-Unis, le détroit d’Ormuz restera fermé jusqu’à ce que ces conditions soient remplies », ont annoncé les gardiens de la révolution dans un message diffusé par radio maritime. » | Par Adrien Jaulmes, correspondant à Washington | vendredi 19 juin 2026
Réservé aux abonnés
Labels:
Donald Trump,
guerre en Iran
Michael Lambert: Britain's 7th Prime Minister In 10 Years — Can Burnham Succeed Where All Others Failed?
Jun 19, 2026 | Britain is about to get its 7th Prime Minister in just ten years. Cameron ran away. May triggered Article 50 too early and locked us out of the Single Market. Johnson's charm couldn't hide the lies. Truss crashed the economy in 49 days. Sunak did his best on a sinking ship. And Starmer — a ditherer, lacking charisma, with lamentable judgement from day one. Now Andy Burnham waits in the wings — and the question is whether he will be any different.
In this video I look at why every Prime Minister since 2015 has failed the British people, what they all had in common, and why the answer, as it always has been, comes back to Brexit.
Burnham has charm, real experience and the communication skills his predecessor so sorely lacked. But his success depends on two things: a credible plan to grow the economy through investment and productivity — and, most importantly of all, the courage to declare that Britain will begin the process of rejoining the European Union. If he fails to do that, he will join a very long and undistinguished queue.
With a new Prime Minister change, the UK faces its seventh leader in ten years. I analyze if this transition can actually improve government effectiveness.
This video examines the rapid turnover in political leadership that has defined the last decade of British politics. We trace the timeline back to the referendum held nearly ten years ago to understand why the country has cycled through so many heads of state in such a short window. It is essential context for anyone trying to make sense of the current political climate.
Beyond just the numbers, I provide my perspective on whether this latest Prime Minister change offers a genuine path toward stability. We break down the challenges facing the new administration and evaluate the potential for different outcomes compared to previous leaders.
By the end of this analysis, you will have a clearer view of the structural issues impacting political leadership and what effectiveness might actually look like in this new term.
A fine assessment of the situation which no sensible person could argue with. Like Michael Lambert, I am very keen for Brexit to be reversed at the very earliest convenience. Brexit has been a very big negative influence on this country's economy, and it has robbed us Britons of many European rights.as well. It has brought us no discernible benefits.
How just a few troublemakers can turn the fortunes of a nation around. The gift of the gab in the wrong person with the wrong ideas can be fatal! — © Mark Alexander
In this video I look at why every Prime Minister since 2015 has failed the British people, what they all had in common, and why the answer, as it always has been, comes back to Brexit.
Burnham has charm, real experience and the communication skills his predecessor so sorely lacked. But his success depends on two things: a credible plan to grow the economy through investment and productivity — and, most importantly of all, the courage to declare that Britain will begin the process of rejoining the European Union. If he fails to do that, he will join a very long and undistinguished queue.
With a new Prime Minister change, the UK faces its seventh leader in ten years. I analyze if this transition can actually improve government effectiveness.
This video examines the rapid turnover in political leadership that has defined the last decade of British politics. We trace the timeline back to the referendum held nearly ten years ago to understand why the country has cycled through so many heads of state in such a short window. It is essential context for anyone trying to make sense of the current political climate.
Beyond just the numbers, I provide my perspective on whether this latest Prime Minister change offers a genuine path toward stability. We break down the challenges facing the new administration and evaluate the potential for different outcomes compared to previous leaders.
By the end of this analysis, you will have a clearer view of the structural issues impacting political leadership and what effectiveness might actually look like in this new term.
A fine assessment of the situation which no sensible person could argue with. Like Michael Lambert, I am very keen for Brexit to be reversed at the very earliest convenience. Brexit has been a very big negative influence on this country's economy, and it has robbed us Britons of many European rights.as well. It has brought us no discernible benefits.
How just a few troublemakers can turn the fortunes of a nation around. The gift of the gab in the wrong person with the wrong ideas can be fatal! — © Mark Alexander
Labels:
Andy Burnham,
Keir Starmer
Inside Elon Musk's Empire | BBC Americast
The US economy backs Elon Musk’s vision for sending people to Mars, the moon and beyond with SpaceX. Elon Musk’s rocket, telecommunications and artificial intelligence company SpaceX has listed on the Nasdaq stock exchange with a value of $2.2 trillion; making him the world’s first trillionaire in the process.
Other AI companies, including Open AI and Anthropic have plans to follow suit but what does that mean for the US economy and global financial stability?
In this episode, Justin speaks to Ryan Mac - an investigative technology reporter for the New York Times who has extensive experience covering Elon Musk and other leaders in the AI field.
SpaceX’s public valuation has made millionaires of many of its past and current employees and generated around $85 billion for the company; money that Elon Musk says is essential to fulfil the company’s plans to build bases on the Moon, put data centres into orbit and send human beings to Mars.
But what happens if those plans remain unfulfilled?
As more companies offer shares to investors and the general public, Justin and Ryan explore whether America is gambling on the promise of AI? And is the US economy becoming dangerously reliant on one industry?
Being generous of spirit, I hope Elon goes to Mars. I also hope that he stays there! — © Mark Alexander
Other AI companies, including Open AI and Anthropic have plans to follow suit but what does that mean for the US economy and global financial stability?
In this episode, Justin speaks to Ryan Mac - an investigative technology reporter for the New York Times who has extensive experience covering Elon Musk and other leaders in the AI field.
SpaceX’s public valuation has made millionaires of many of its past and current employees and generated around $85 billion for the company; money that Elon Musk says is essential to fulfil the company’s plans to build bases on the Moon, put data centres into orbit and send human beings to Mars.
But what happens if those plans remain unfulfilled?
As more companies offer shares to investors and the general public, Justin and Ryan explore whether America is gambling on the promise of AI? And is the US economy becoming dangerously reliant on one industry?
Being generous of spirit, I hope Elon goes to Mars. I also hope that he stays there! — © Mark Alexander
Starmer Facing Pressure from Ministers and Labour Grandees to Prepare for ‘Orderly Exit’
THE GUARDIAN: Prime minister said to be calling cabinet members but faces growing consensus that his time in Downing Street is over
Cabinet ministers and Labour grandees are to urge Keir Starmer not to fight a leadership challenge and to prepare for an “orderly exit,” the Guardian understands.
Andy Burnham, who won a compelling majority in the Makerfield byelection overnight, is expected to travel to London on Monday to meet MPs in the expectation of becoming prime minister within weeks.
One MP said they believed there were about 200 Labour MPs prepared – if necessary – to sign Burnham’s nomination papers for a challenge.
Starmer was said to be calling members of the cabinet on Friday afternoon to set out his determination to fight on. At least two, Ed Miliband and Shabana Mahmood, have previously suggested to the prime minister that he should set out a timetable for his departure. » | Jessica Elgot and Rowena Mason | Friday, June 19, 2026
Cabinet ministers and Labour grandees are to urge Keir Starmer not to fight a leadership challenge and to prepare for an “orderly exit,” the Guardian understands.
Andy Burnham, who won a compelling majority in the Makerfield byelection overnight, is expected to travel to London on Monday to meet MPs in the expectation of becoming prime minister within weeks.
One MP said they believed there were about 200 Labour MPs prepared – if necessary – to sign Burnham’s nomination papers for a challenge.
Starmer was said to be calling members of the cabinet on Friday afternoon to set out his determination to fight on. At least two, Ed Miliband and Shabana Mahmood, have previously suggested to the prime minister that he should set out a timetable for his departure. » | Jessica Elgot and Rowena Mason | Friday, June 19, 2026
Labels:
Andy Burnham,
Keir Starmer
Elon Musk: Wie gefährlich ist der erste Billionär der Welt? | Sandra Navidi
Kein anderer Tech-Gigant hat so viel Kapital, Macht und Einfluss wie Musk. Geht das für die Welt nach hinten los?
Der Börsengang von SpaceX hat Elon Musk zum ersten Billionär der Welt gemacht. Damit spielt der Tech-Titan in einer neuen Liga der individuellen Macht. Aber wie reich, mächtig und gefährlich ist Elon Musk wirklich? Darüber sprechen wir mit US-Expertin Sandra Navidi.
Der Börsengang von SpaceX hat Elon Musk zum ersten Billionär der Welt gemacht. Damit spielt der Tech-Titan in einer neuen Liga der individuellen Macht. Aber wie reich, mächtig und gefährlich ist Elon Musk wirklich? Darüber sprechen wir mit US-Expertin Sandra Navidi.
Labels:
Elon Musk,
Sandra Navidi
Steve Rosenberg: How Are Russian Newspapers Reacting to the Ukrainian Drone Strike on Moscow?
Labels:
Russia,
what the papers say
Cuba under Siege, with Ben Norton
Jun 17, 2026 | The US embargo on Cuba has been in place for nearly 70 years and getting tighter by the day, devastating the lives of millions on the island. Ben Norton, founder and editor-in-chief of the Geopolitical Economy Report, has "seen the consequences with his own eyes."
He joins CGTN to break down how the US has weaponized the international financial system by levying sanctions, in violation of international law, to cause "hunger, desperation and overthrow of government."
He joins CGTN to break down how the US has weaponized the international financial system by levying sanctions, in violation of international law, to cause "hunger, desperation and overthrow of government."
Labels:
Cuba,
Donald Trump,
Marco Rubio,
USA
What Brexit Really Cost
People who voted for Brexit were of an ilk. ‘Nuff said! — © Mark Alexander
Labels:
Brexit
Kuba öffnet seine Wirtschaft: Größtes Reformpaket seit Jahrzehnten beschlossen
BERLINER ZEITUNG: Die Führung in Kuba setzt auf einen radikalen Kurswechsel. Erstmals sollen private Banken, große Unternehmen und ausländische Investoren in weiten Teilen der Wirtschaft zugelassen werden.
Angesichts der schwersten Wirtschaftskrise seit Jahrzehnten hat Kuba ein weitreichendes Reformpaket zur Öffnung seiner Wirtschaft verabschiedet. Die Nationalversammlung stimmte am Donnerstag einstimmig für ein Programm mit 176 Einzelmaßnahmen. Die Reformen betreffen unter anderem das Bankwesen, den Immobilienmarkt, Auslandsinvestitionen, die Landwirtschaft, den Tourismus und Unternehmensstrukturen.
Ministerpräsident Manuel Marrero stellte die Pläne zuvor in einer mehrstündigen Rede vor dem Parlament vor. Nach seinen Angaben sollen erstmals Privatunternehmen mit mehr als 100 Beschäftigten zugelassen werden. Kubanerinnen und Kubaner sollen künftig mehrere Unternehmen besitzen dürfen. Auch private Banken und Investitionen aus dem Ausland im Privatsektor sollen erlaubt werden. » | Alexander Schmalz | Freitag, 19. Juni 2026
Angesichts der schwersten Wirtschaftskrise seit Jahrzehnten hat Kuba ein weitreichendes Reformpaket zur Öffnung seiner Wirtschaft verabschiedet. Die Nationalversammlung stimmte am Donnerstag einstimmig für ein Programm mit 176 Einzelmaßnahmen. Die Reformen betreffen unter anderem das Bankwesen, den Immobilienmarkt, Auslandsinvestitionen, die Landwirtschaft, den Tourismus und Unternehmensstrukturen.
Ministerpräsident Manuel Marrero stellte die Pläne zuvor in einer mehrstündigen Rede vor dem Parlament vor. Nach seinen Angaben sollen erstmals Privatunternehmen mit mehr als 100 Beschäftigten zugelassen werden. Kubanerinnen und Kubaner sollen künftig mehrere Unternehmen besitzen dürfen. Auch private Banken und Investitionen aus dem Ausland im Privatsektor sollen erlaubt werden. » | Alexander Schmalz | Freitag, 19. Juni 2026
Labels:
Kuba
June 18, 2026
The Great Billionaire Theft of America: Musk, the Ellisons, and a Bipartisan Posse with Gil Duran
Jun 15, 2026 | Journalist and author Gil Duran joins Wajahat Ali to examine how billionaire influence has transformed American politics, media, and public life.
From Elon Musk and Larry Ellison to powerful tech investors and corporate donors, a small group of ultra-wealthy individuals now wield extraordinary influence over elections, public policy, information systems, and the economy.
Waj and Gil explore how both major political parties have increasingly relied on wealthy donors, why corporate power continues to expand regardless of election outcomes, and whether America is drifting toward a new era of oligarchic rule.
Has democracy been outspent by billionaires—or can ordinary citizens still reclaim power from the elite?
From Elon Musk and Larry Ellison to powerful tech investors and corporate donors, a small group of ultra-wealthy individuals now wield extraordinary influence over elections, public policy, information systems, and the economy.
Waj and Gil explore how both major political parties have increasingly relied on wealthy donors, why corporate power continues to expand regardless of election outcomes, and whether America is drifting toward a new era of oligarchic rule.
Has democracy been outspent by billionaires—or can ordinary citizens still reclaim power from the elite?
Labels:
Elon Musk,
trillionaires
June 17, 2026
It’s Going Down Very Badly’ - Trump Faces Backlash after Iran Deal Leaked
Jun 17, 2026 | A leaked copy of Donald Trump’s deal with Iran appears to show the president facilitating a $300 billion fund for the Islamic Republic, but Trump has denied that the US will be putting even “10 cents” into the fund as he spoke to reporters at the G7 summit in Evian.
Either way, he has faced a fierce backlash from hawkish Republicans, with Senator Lindsey Graham comparing the deal to a marshall plan for Germany “with the Nazis still in charge”.
So, what is exactly in the memorandum of understanding and what’s next for Iran, America and the rest of the world watching on?
Either way, he has faced a fierce backlash from hawkish Republicans, with Senator Lindsey Graham comparing the deal to a marshall plan for Germany “with the Nazis still in charge”.
So, what is exactly in the memorandum of understanding and what’s next for Iran, America and the rest of the world watching on?
Labels:
Iran War,
peace deal
June 16, 2026
EU and UK Announce Summit to Discuss ‘Reset’ in Post-Brexit Relations
THE GUARDIAN: Meeting was delayed over details of youth mobility scheme allowing under-30s freedom to work and study in each other’s territory
The EU and the UK have announced they will hold their next summit to discuss the “reset” in relations between London and Brussels on 22 July.
The summit, which will be held in Brussels, has been delayed several times, with talks over a youth mobility scheme allowing under-30s to work, travel or study in each other’s territory deadlocked in recent weeks, fuelling speculation the summit would be postponed until the autumn.
António Costa, the president of the European Council, confirmed the date at the G7 meeting in Evian on Tuesday.
“Close EU-UK cooperation is essential for our shared European security, resilience and prosperity,” he said. “We are working closely together to make our upcoming second summit on 22 July a success.”
The UK prime minister, Keir Starmer, who could be facing a leadership challenge after this Thursday’s Makerfield byelection, said: “My Labour government is delivering on our promise to reset our relationship and put Britain at the heart of Europe.
“Together we will tackle the cost of living, boost jobs and create opportunities for young people.” » | Lisa O’Carroll, Senior correspondent | Tuesday, June 16, 2026
The EU and the UK have announced they will hold their next summit to discuss the “reset” in relations between London and Brussels on 22 July.
The summit, which will be held in Brussels, has been delayed several times, with talks over a youth mobility scheme allowing under-30s to work, travel or study in each other’s territory deadlocked in recent weeks, fuelling speculation the summit would be postponed until the autumn.
António Costa, the president of the European Council, confirmed the date at the G7 meeting in Evian on Tuesday.
“Close EU-UK cooperation is essential for our shared European security, resilience and prosperity,” he said. “We are working closely together to make our upcoming second summit on 22 July a success.”
The UK prime minister, Keir Starmer, who could be facing a leadership challenge after this Thursday’s Makerfield byelection, said: “My Labour government is delivering on our promise to reset our relationship and put Britain at the heart of Europe.
“Together we will tackle the cost of living, boost jobs and create opportunities for young people.” » | Lisa O’Carroll, Senior correspondent | Tuesday, June 16, 2026
June 15, 2026
Jeffrey Sachs: US-Iran Deal Reached - Peace or Tactical Pause?
Labels:
Iran War,
Israel,
Jeffrey Sachs,
Lebanon,
peace deal,
Prof Glenn Diesen
The Heat: US Migration | Americans Moving Abroad
Jun 12, 2026 | Data show Americans are leaving the United States at once-in-a-century levels, fleeing divisive politics and an affordability crisis. The Wall Street Journal reports that an estimated 150,000 people emigrated last year, leading to a negative net migration. That hasn’t happened since the Great Depression of 1929.
Are more Americans beginning to see living abroad not as an exception, but as a better long-term option?
Guests:
Justin Keltner is the founder of Entrepreneur Expat, a global relocation and consulting firm.
Kelly McCoy is a Relocation Consultant.
Lisa Simon is a Chief Economist at Revelio Labs, a workforce intelligence firm.
Douglas Yates is an associate professor at the American Graduate School in Paris.
Are more Americans beginning to see living abroad not as an exception, but as a better long-term option?
Guests:
Justin Keltner is the founder of Entrepreneur Expat, a global relocation and consulting firm.
Kelly McCoy is a Relocation Consultant.
Lisa Simon is a Chief Economist at Revelio Labs, a workforce intelligence firm.
Douglas Yates is an associate professor at the American Graduate School in Paris.
Labels:
US migration
Deutschland: Der kranke Mann Europas?
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