The erratic US president has gone from wishing for peace with Iran to, a few days later, making a veiled threat of nuclear annihilation against the Islamic Republic. Donald Trump got on his twitter pulpit at the weekend, warning about the “official end of Iran”. The configuration of military power in the Persian Gulf, the…
Under the cover of “security threats” and promoting “democracy,” Washington has increased the frequency and amplitude of threats and pressure aimed at China’s partners around the world and specifically in Southeast Asia. The Southeast Asian Kingdom of Thailand, still erroneously pegged by some as an ally of the US, has long since pivoted away from…
Mrs Thatcher’s great sell-off of publicly owned services and assets, continued by successive governments, started exactly forty years ago to a fanfare of positive publicity. Small shareholders own only a tiny proportion of the billion of pounds worth of assets that were sold off. Many of these assets are now owned by hedge funds. A large number are in foreign ownership,…
The BJP’s colossal landslide has led to some serious soul-searching by the Congress opposition, but the answer to its downfall should be obvious to all and it’s that the party completely lacked any proactive vision. The latest Indian elections were basically a referendum on Modi, and to his credit, he won by a colossal landslide….
During the lengthy discussions which led to the 1944 Bretton Woods Agreement, economist John Maynard Keynes opposed fixed exchanged rates via-a-vis a gold backed US dollar. He instead proposed the creation of a super-national unit of account which he called the bancor. The justification behind a seemingly tedious accounting unit which could be purchased in…
Toshiba yesterday, Huawei today! Thirty years ago, Toshiba exported precision instruments to Russia. The United States imposed the following penalties on Toshiba Group: 1.) The Japanese Police Department was ordered to arrest Erhe Lin, President of Toshiba Machinery Foundry, and Hiroshima Tanamura, President of Machine Tool Business, and sentenced to 10 years’imprisonment. 2.) Closing Toshiba’s…
