Gulf Arab countries have nowhere to look for a bailout of their own private sector, like in the UAE, once the envy of the Arab world, as the banks just can’t pull it off. New friendships can flourish as underdogs like Morocco come out winners. But what about Iran? It’s often said that the Achilles’…
The epic 2020 oil crash is the unintended consequence of several factors converging for 30 years: regulatory failure, reckless central-bank money printing, and Wall Street fraud. When central banks nationalize and continually meddle in markets, refusing to allow capitalism to be capitalism, bad things happen, and terrible unforeseen outcomes impact future generations. The central banks…
The 24/7 intensified media coverage of the coronavirus story has meant that other news has either been ignored or relegated to the back pages, never to be seen again. The Middle East has been on a boil but coverage of the Trump administration’s latest moves against Iran has been so insignificant as to be invisible….
In the early days of the Cold War, it was customary in the West to make fun of the blindness of the Soviets who believed in the nonsense of Professor Trofim Lyssenko. The First Secretary of the Party, Joseph Stalin, had banned the teaching of genetics and used Lyssenko as a scientific justification for Marxism,…
The search for the genesis of Covid-19 is developing into an epic story. Thanks to the insinuations by the US President Donald Trump — ‘China virus’, ‘Wuhan virus’, etc. — that were explosive in their political and strategic content, Beijing is now more determined than ever to get to the bottom of the story. Which…
President Donald Trump could end up starting a war – either a civil war at home or an international one with China. Such is this president’s demagogic knack for wriggling out of responsibility for problems. Blame others and to hell with consequences. Let’s start from the premise that America’s grim experience of the COVID-19 pandemic…
