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
July 11, 2026
US Iran Talks Face Persistent Impasse
The Trillionaire Is Here: What Happens Next?
Jul 11, 2026 | Elon Musk has become the world’s first trillionaire following SpaceX’s record-breaking IPO, creating a fortune unlike anything seen in modern history.
Nobel Laureate Paul Krugman and Yale economist Natasha Sarin argue the milestone is about far more than one entrepreneur’s wealth—it reflects how today’s economy rewards ownership of rapidly-appreciating assets, and exposes the limits of a tax system designed more than a century ago.
Bloomberg wealth reporter Ben Steverman notes that while America has seen fortunes of comparable economic influence before, the concentration of wealth in today’s technology sector has reignited debates over taxation, political influence, inequality, and whether capitalism can continue rewarding innovation without widening the gap between the very richest Americans and everyone else.
Nobel Laureate Paul Krugman and Yale economist Natasha Sarin argue the milestone is about far more than one entrepreneur’s wealth—it reflects how today’s economy rewards ownership of rapidly-appreciating assets, and exposes the limits of a tax system designed more than a century ago.
Bloomberg wealth reporter Ben Steverman notes that while America has seen fortunes of comparable economic influence before, the concentration of wealth in today’s technology sector has reignited debates over taxation, political influence, inequality, and whether capitalism can continue rewarding innovation without widening the gap between the very richest Americans and everyone else.
Labels:
trillionaires
Americans Are NOT Wealthy: The Truth about the US Economy
Juyl 11, 2026 | Many western economists and media outlets claim that Americans are wealthier than Europeans, but this is not true; it's based on a misunderstanding of the difference between average wealth and median wealth.
Ben Norton explains how the extreme inequality in the US make its average wealth misleadingly look high, and why GDP per capita is not a good measurement. He debunks the myth of "Europoors", which is often spread by Donald Trump supporters.
Ben Norton explains how the extreme inequality in the US make its average wealth misleadingly look high, and why GDP per capita is not a good measurement. He debunks the myth of "Europoors", which is often spread by Donald Trump supporters.
Labels:
US economy,
wealth inequality
Rob Groves: Farage's Runaway Gravy Train Derails
July 11, 2026 | Nigel Farage built his entire brand on being the one honest man taking on a corrupt establishment.
This week, the facts underneath Reform UK's accounts tell a very different story: an undisclosed £5m gift from crypto billionaire Christopher Harborne, a convicted fraudster acting as the party's unofficial treasurer, money routed through a renamed company and an Australian currency exchange nobody can trace, deputy leader Richard Tice's murky Dubai property deal, and Treasury spokesman Robert Jenrick under active Metropolitan Police investigation over an allegedly illegal foreign donation.
Meanwhile Farage has triggered a pointless by-election in Clacton, running unopposed against novelty candidate Count Binface, in a transparent bid to dodge the scrutiny closing in from the parliamentary standards commissioner, the Met, the National Crime Agency and his own furious donors.
This week, the facts underneath Reform UK's accounts tell a very different story: an undisclosed £5m gift from crypto billionaire Christopher Harborne, a convicted fraudster acting as the party's unofficial treasurer, money routed through a renamed company and an Australian currency exchange nobody can trace, deputy leader Richard Tice's murky Dubai property deal, and Treasury spokesman Robert Jenrick under active Metropolitan Police investigation over an allegedly illegal foreign donation.
Meanwhile Farage has triggered a pointless by-election in Clacton, running unopposed against novelty candidate Count Binface, in a transparent bid to dodge the scrutiny closing in from the parliamentary standards commissioner, the Met, the National Crime Agency and his own furious donors.
Labels:
Nigel Farage,
Reform UK
July 10, 2026
Gavin Newsom: We Need a National Tax on Billionaires. Here's Why
June 26, 2026 | It's time for a national billionaires tax and a new social contract.
10% of Americans own two-thirds of the wealth.
Wages have stagnated. The cost of living has skyrocketed. The system is fundamentally broken.
The federal tax code, a corporate code, and an inheritance code were written for a different set of Americans.
It’s time for an economic reset.
Earlier generations would have had a revolution by now. Have they gone out of fashion? Or will they come back into fashion?
By the way, fort hat “trickle-down economics” Gavin Newsom spoke of, we can thank the Old Gipper and Maggie for selling that crap to the public. — © Mark Alexander
10% of Americans own two-thirds of the wealth.
Wages have stagnated. The cost of living has skyrocketed. The system is fundamentally broken.
The federal tax code, a corporate code, and an inheritance code were written for a different set of Americans.
It’s time for an economic reset.
Earlier generations would have had a revolution by now. Have they gone out of fashion? Or will they come back into fashion?
By the way, fort hat “trickle-down economics” Gavin Newsom spoke of, we can thank the Old Gipper and Maggie for selling that crap to the public. — © Mark Alexander
Vendepatrias: These Leaders Are Selling Out Their Countries for Money
Labels:
Donald Trump,
Ecuador,
Javier Milei,
Philippines,
vendepatrias
July 09, 2026
Cadbury Changed Their Recipe for Australia. Here's What They're Still Putting in Yours
Cadbury removed palm oil from Dairy Milk for Australian consumers after public complaints forced a recipe reversal. Your bar still contains it.
Here's why that happened — and what it's costing you. The same company. The same bar. Different ingredients depending on where you live — and different standards depending on how much consumers push back.
In this video I break down: — What palm oil replaced in Dairy Milk and why it changes the product — Why Cadbury reversed the decision in Australia but kept it in the UK recipe — The margin mechanics behind the substitution — and what you're actually paying for — How UK food labelling rules allow this to happen legally
This isn't about one chocolate bar. It's about the same pattern repeated across the UK food supply — quiet ingredient changes, same packaging, same price, smaller product for you and larger margin for them.
I'm Ben. I'm a working farmer, a primary producer. I don't supply supermarkets. That gives me a very clear view of where quality is lost in the food chain. It's rarely at the farm. It's in the decisions made in corporate boardrooms by people who have never grown, raised, or processed the food they're selling you.
I stopped buying Cadbury’s chocolate a long time ago. I noticed a change in the taste, though I didn’t know why. I always buy real chocolate: Swiss chocolate. Or Belgian chocolate. British chocolate isn’t real chocolate at all. And most foods that come from America is of poor quality anyway. — © Mark Alexander
Here's why that happened — and what it's costing you. The same company. The same bar. Different ingredients depending on where you live — and different standards depending on how much consumers push back.
In this video I break down: — What palm oil replaced in Dairy Milk and why it changes the product — Why Cadbury reversed the decision in Australia but kept it in the UK recipe — The margin mechanics behind the substitution — and what you're actually paying for — How UK food labelling rules allow this to happen legally
This isn't about one chocolate bar. It's about the same pattern repeated across the UK food supply — quiet ingredient changes, same packaging, same price, smaller product for you and larger margin for them.
I'm Ben. I'm a working farmer, a primary producer. I don't supply supermarkets. That gives me a very clear view of where quality is lost in the food chain. It's rarely at the farm. It's in the decisions made in corporate boardrooms by people who have never grown, raised, or processed the food they're selling you.
I stopped buying Cadbury’s chocolate a long time ago. I noticed a change in the taste, though I didn’t know why. I always buy real chocolate: Swiss chocolate. Or Belgian chocolate. British chocolate isn’t real chocolate at all. And most foods that come from America is of poor quality anyway. — © Mark Alexander
Trump's Iran War Is 'an Absolutely Stupid Adventure' | Patrick Sigler-Lathrop
Trump wouldn't sell anything to me, I can assure this gentleman. I find Trump a complete and utter turn-off! — © Mark Alexander
Labels:
Donald Trump,
Iran War
Carol Thatcher: The Tories Stabbed My Mother in the Back; It Stayed with Her | The Daily T
Oct 17, 2025 | This week marks 100 years since the birth of former Conservative Prime Minister Margaret Thatcher - one of the most influential figures in modern British politics.
In this exclusive interview for The Daily T podcast, Camilla and Tim sit down with her daughter, Carol Thatcher, to explore what it was like growing up with Britain’s first female Prime Minister.
Carol offers a rare, personal insight into life inside Number 10 Downing Street, sharing intimate stories of her mother’s work ethic, her approach to power, and the personal side of a political icon. She reflects on how Thatcher’s leadership continues to inspire female politicians, the political fallout after the Tories ousted her, and why her mother still holds a near-mythic status within the Conservative Party.
In this exclusive interview for The Daily T podcast, Camilla and Tim sit down with her daughter, Carol Thatcher, to explore what it was like growing up with Britain’s first female Prime Minister.
Carol offers a rare, personal insight into life inside Number 10 Downing Street, sharing intimate stories of her mother’s work ethic, her approach to power, and the personal side of a political icon. She reflects on how Thatcher’s leadership continues to inspire female politicians, the political fallout after the Tories ousted her, and why her mother still holds a near-mythic status within the Conservative Party.
Labels:
Carol Thatcher,
Margaret Thatcher
‘We Are Ready to Defend Every Inch…’: Denmark PM Dares Trump over Greenland at NATO
Labels:
Denmark,
Donald Trump,
Greenland,
Mette Frederiksen,
NATO
July 08, 2026
Groenland : Trump mécontent de l’Otan, le Danemark réaffirme que son territoire « n’est pas à vendre »
LE FIGARO : La première ministre danoise Mette Frederiksen a réaffirmé que le Groenland « n’est pas à vendre », en réponse au président américain qui estime que ce territoire autonome danois devrait être placé sous le contrôle des États-Unis.
« Le Groenland n'est bien évidemment pas à vendre », a réaffirmé mercredi la première ministre danoise Mette Frederiksen au sommet de l'Otan à Ankara, en réponse à de nouvelles déclarations de Donald Trump. « J'ai entendu le président américain hier, et je pense que la position des États-Unis est malheureusement très claire sur ce sujet, et notre position est tout aussi claire depuis le début: le Groenland n'est bien évidemment pas à vendre », a-t-elle dit devant la presse à son arrivée. » | Par Le Figaro avec AFP | mercredi 8 juillet 2026
« Le Groenland n'est bien évidemment pas à vendre », a réaffirmé mercredi la première ministre danoise Mette Frederiksen au sommet de l'Otan à Ankara, en réponse à de nouvelles déclarations de Donald Trump. « J'ai entendu le président américain hier, et je pense que la position des États-Unis est malheureusement très claire sur ce sujet, et notre position est tout aussi claire depuis le début: le Groenland n'est bien évidemment pas à vendre », a-t-elle dit devant la presse à son arrivée. » | Par Le Figaro avec AFP | mercredi 8 juillet 2026
Trump Orders US to Cut All Trade with Spain
THE TELEGRAPH: Donald Trump has ordered the US to cut off all trade with Spain, calling it a “terrible partner” in Nato.
The US president said he had told Scott Bessent, his treasury secretary, to cease trade with the country, accusing it of failing to contribute enough to the alliance.
Speaking alongside Mark Rutte, Nato’s general secretary, at a press conference in Turkey, Mr Trump said on Wednesday: “Spain is a terrible partner in Nato. They don’t participate. They don’t pay. I don’t want anything to do with Spain. Cut off all trade with Spain, please, including visits.
“Don’t even talk to them. They’re hopeless, bad people.” » | Chris Price | Markets Editor | Wednesday, July 8, 2026
Nanny: Give the child its rattle and dummy — be quick! © Mark Alexander
Labels:
Donald Trump,
Spain,
trade
July 06, 2026
What Drives Donald Trump’s Delusion that He Rules the World | 60 Minutes Australia
July 05, 2026
Zum 250. Unabhängigkeitstag der USA haben viele wenig Lust zu feiern, so Sandra Navidi | ntv
Donald Trump ist der dümmste Präsident der USA, den es je gegeben hat. Der dümmste, der gierigste und der unehrlichste. Und die Einfältigen saugen das alles begierig auf. — © Mark Alexander
Labels:
Donald Trump,
Sandra Navidi
July 04, 2026
Deutschland — Constantin Schreiber: „Droht uns die Verarmung?“
Jun 1, 2026 | Immer mehr Menschen in Deutschland sind arm. Die Armutsquote ist in den vergangenen Jahren gestiegen und betrifft inzwischen rund 13 Millionen Menschen.
Besonders alarmierend ist, dass immer mehr Menschen trotz Arbeit armutsgefährdet sind und kaum finanzielle Rücklagen bilden können. Viele Beschäftigte arbeiten ihr gesamtes Leben, müssen aber dennoch befürchten, im Alter nur eine geringe Rente zu erhalten. Die steigende Nachfrage bei Tafeln und Lebensmittelhilfen zeigt, dass finanzielle Not längst nicht mehr nur Randgruppen betrifft.
Gleichzeitig wächst der Wohlstand in vielen anderen Ländern schneller als in Deutschland, während die deutsche Wirtschaft unter schwachem Wachstum, hohen Kosten und mangelnden Investitionen leidet. Immer mehr Menschen leben finanziell auf Kante und können unerwartete Ausgaben kaum noch bewältigen.
Besonders alarmierend ist, dass immer mehr Menschen trotz Arbeit armutsgefährdet sind und kaum finanzielle Rücklagen bilden können. Viele Beschäftigte arbeiten ihr gesamtes Leben, müssen aber dennoch befürchten, im Alter nur eine geringe Rente zu erhalten. Die steigende Nachfrage bei Tafeln und Lebensmittelhilfen zeigt, dass finanzielle Not längst nicht mehr nur Randgruppen betrifft.
Gleichzeitig wächst der Wohlstand in vielen anderen Ländern schneller als in Deutschland, während die deutsche Wirtschaft unter schwachem Wachstum, hohen Kosten und mangelnden Investitionen leidet. Immer mehr Menschen leben finanziell auf Kante und können unerwartete Ausgaben kaum noch bewältigen.
Labels:
Armut,
Armut in Deutschland,
Deutschland
The UK Survey Result That Has USA Big Tech Worried
July 03, 2026
USA: Donald Trump baut Washington um
ul 2, 2026 | Donald Trump will die Hauptstadt Washington umbauen. Er hat bereits das Oval Office nach seinem Geschmack umgestaltet – mit Gold, Ornamenten und Porträts. Jetzt lässt er direkt gegenüber einen Ballsaal für 600 Millionen Dollar bauen, plant einen 76 Meter hohen Triumphbogen am Potomac River und schreibt per Dekret Klassizismus als Pflicht-Baustil für Bundesgebäude vor. Und das alles in dem Jahr, in dem die USA ihren 250. Geburtstag feiern.
Aber Washington ist keine gewöhnliche Stadt, sondern durchgeplant bis ins Detail: Sichtachsen, Monumente und Freiflächen erzählen die politische Geschichte der USA. Genau deshalb sind Trumps Bauprojekte so umstritten – sie stören dieses Gleichgewicht. Wir zeigen anhand mehrerer Beispiele, wie Trump Washington gerade verändert und warum es dabei um mehr geht als persönlichen Geschmack.
Aber Washington ist keine gewöhnliche Stadt, sondern durchgeplant bis ins Detail: Sichtachsen, Monumente und Freiflächen erzählen die politische Geschichte der USA. Genau deshalb sind Trumps Bauprojekte so umstritten – sie stören dieses Gleichgewicht. Wir zeigen anhand mehrerer Beispiele, wie Trump Washington gerade verändert und warum es dabei um mehr geht als persönlichen Geschmack.
Labels:
Donald Trump,
Washington
Will Farage's Finances Lead to His Downfall?
Labels:
Nigel Farage,
snakeoil salessmen
Sandra Navidi: Trumps Kasino-Kapitalismus - Umverteilung von unten nach oben: Trump und das System gewinnen immer!
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