Economics

Corona – The Aftermath

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What will be next? Is a question on many people’s minds. Very likely the world will never be the same again. That might be god, or not so good, depending on how we look at this disastrous, “pandemic” which by all serious accounts does not deserve the term pandemic, that was unwittingly given to the MERS-2-CoV, or 2019-nCoV, renamed by WHO to COVID-19. In mid-February Dr. Tedros, WHO’s Director…

In the “Oil War”, Washington Blinks First to Survive

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The “oil war” started by the Saudis (and the US) has, within a matter of weeks, already led to a change in the narrative from purportedly establishing ‘shale oil dominance’ to ‘energy market management’ and avert a crisis that could ultimately destroy the very shale oil industry of the US. This resulted in the US president  holding a phone conversation with Russia…

Going Down with the Ship

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The mightiest Empire ever to have existed is being brought down by a bug. Aesop had nothing to say about this, but someone out there will know whether the situation is unique. (I breathed a sigh of relief upon learning that the former British Foreign Secretary, one of the ubiquitous Cameron brothers, is heading the International Relief Center for the Corona Response in camps where refugees from…

Covid-19 Hysteria Vs. Your Actual (Very Low) Chance of Dying

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How likely are you to die from Coronavirus Disease 2019 (Covid-19)? Based on the hysteria spreading across the globe, it would seem like the chances are fairly high. But Statnews.com would report on the actual projected death rate of those who contract Covid-19 based on US Center for Disease Control (CDC) data, noting…

Japan’s Nuclear Power Industry: a Bumpy Road after Fukushima

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Japan is the third most economically developed country in the world and one of the most technologically advanced nations on the planet. Up until 2011, it was also among the world’s leaders in nuclear power. There were 54 nuclear power reactors operating throughout the country that generated 30% of the energy consumed…

Riyadh’s “Oil War” on Russia has some Global Objectives

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The on-going Saudi ‘oil war’ with Russia has its roots in the logic of increasingly using natural resources for geo-political and geo-economic purposes. While this is not something entirely new, the latest push comes against the backdrop of increasing competition between the US and Russia for global leadership roles and the former’s attempts at forcing the latter out…

Only Hard Times Ahead for Saudi Arabia

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The revenue generated by state-owned Saudi oil company Saudi Aramco accounts for up to 80% of the kingdom’s fiscal budget. The company did not hide its losses, and officially reported a decrease of $22.9 billion in net income in 2019, and there have also been serious spending cuts on development, i.e. on maintaining and increasing production. The report…

Russian-Japanese Relations Developing Despite Dispute over the Kuril Islands

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Relations between Russia and Japan are not all blue skies: the dispute over the Kuril Islands has hung over them like a dark cloud for many decades now, which is why two countries never signed a peace treaty after World War II. The most recent minor flare-up in tensions was in January 2020 in response to Japan’s National…

Is COVID-19 Devouring What’s Left of the Trump Presidency?

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Does anyone remember the scene in the original film Jaws in 1975 when Captain Quint gets devoured by the shark? Well, the COVID-19 situation in the US makes me imagine Donald Trump being devoured by a gigantic coronavirus. Or perhaps, the shark’s role could be played by western mainstream media? Either way, there is some Trump munching going on. Whatever Hollywood special…

Is China Turning Indo-Pacific Concept into Reality?

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The concept of the Indo-Pacific as a region is relatively new. Western politicians and journalists began using it with increasing frequency as the confrontation between the West and China continued to intensify. The fact is that as PRC’s economic, political and military clout kept growing at an unprecedented rate in the last decade, the nation began to seek the status of…

Trump-Modi Bonhomie: Mostly Showmanship, Little Action!

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President Donald Trump’s visit to India on February 24—the eighth of any US president—is being lauded by India’s domestic media as the greatest ever. This may be an exaggeration, but it did produce a series of arms deals and co-operation agreements in nuclear and conventional energy. What was missing however was any large or transformative agreement…

From Inside Isolated Hong Kong – Melancholy and Hope

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Battleground Hong Kong! In the last 6 months I have kept on coming here, almost every month. Nothing has changed and everything has changed. Clearly, in the recent history, nothing damaged this great cosmopolitan city as much as the violent riots of pro-Western individuals, backed by the U.S., U.K., German, Taiwan’s and other anti-communist…

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