Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter
Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter Just ahead of Monday’s announcement that the North Stream 2 Russia to Germany natural gas pipeline has begun filling with gas in the first line while awaiting approval from Germany regulators before it goes fully online and the taps are turned […]
What then are we to become?
What then are we to become? According to Boris Johnson, the economic dislocation which appears to be gathering pace across the UK is merely “a period of adjustment after Brexit.” In Johnson’s formulation, those who would turn the clock back are tacitly in favour of the low-pay and poor working conditions which were encouraged when the UK […]
‘Post-Scarcity Anarchism’
‘Post-Scarcity Anarchism’ Murray Bookchin, first published 1971 View the YouTube video of this post ‘A Book in Five Minutes’ Index ‘The Meta-Blog’ Index ‘A Book in Five Minutes’, Podcast no.5: Download this recording as: An MP3 file; or an Ogg Vorbis file Topped by a statue of Ceres, the Roman goddess of agriculture, what remains of Banbury’s Corn […]
Breaking The (Supply) Chains
Breaking The (Supply) Chains “Supply chain disruptions” has become a catch-all phrase to explain product shortages and inflation. But how exactly does that work, and why is this problem taking so long to fix? For Story Time this week, Nick uses his 30 years of experience analyzing the US auto industry to explain what’s going […]
Pandora Papers Show True Face of Global Britain
Pandora Papers Show True Face of Global Britain Through its network of tax havens, the U.K. is the fulcrum of a system that benefits the rich and powerful writes Adam Ramsay. Cherie and Tony and Blair in 2003. The former U.K. prime minister and his wife are among those mentioned in the Pandora Papers. (Kremlin.ru, […]
“Perfect Storm” – Global Energy Crisis Spreads To Brazil And India
“Perfect Storm” – Global Energy Crisis Spreads To Brazil And India The global energy crisis plagues Europe and China and risks spreading to emerging market economies. According to Bloomberg, severe droughts in Brazil have led to a collapse in hydroelectric generation and could force the South American country to ration power if power imports from Uruguay […]
Risk Was Never Low, It Was Only Hidden
Risk Was Never Low, It Was Only Hidden The vast majority of market participants are about as ready for a semi-random “volatility event” as the dinosaurs were for the meteor strike that doomed them to oblivion. Judging by euphoric gambler–oops I mean “investor”–sentiment and measures of volatility, risk of a market drop has been near-zero […]
World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes
World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes Just one week ago, we highlighted the first victim of the latest “rogue wave” in global natural gas markets. As Miami-based Statar Capital gave up its “hefty gains” from earlier in the year, tumbling into the red amid the NatGas market turbulence, we warned that it […]
Signs The Worst Winter in Years is Coming
Signs The Worst Winter in Years is Coming “You think winter will never end, and then, when you don’t expect it, when you have almost forgotten it, warmth comes and a different light” – Wendell Berry. It’s hard to think about winter when many regions are broiling in the sun right now, but there are […]
British Army Begins Deliveries To Ease Fuel Crisis
British Army Begins Deliveries To Ease Fuel Crisis Last week, British Army personnel were on standby as service station pumps ran dry across the country, forcing vendors to ration sales as a shortage of truck drivers strained supply chains of major oil and gas suppliers. AFP reports Monday that as many as 200 military tanker personnel have been deployed to alleviate […]
Electricity bills in Italy rise by almost 30 percent from Friday
Electricity bills in Italy rise by almost 30 percent from Friday Energy prices are set to rise in Italy this week despite government interventions. Photo: Sebastien Bozon/AFP Households and businesses in Italy will be paying more for electricity and gas from Friday with another steep price rise at the start of the third quarter, despite […]
The Coming Trucking Apocalypse – What’s Causing It?
The Coming Trucking Apocalypse – What’s Causing It? “While you’re sleeping, they’re hauling. Have you thanked a trucker?” – Anonymous. Even though the Coronavirus has wreaked havoc in the lives of people worldwide, truckers have been struggling to keep the country moving. Global lockdowns, massive shifts in consumer spending and supply chain issues, raw material […]
“Global Supply Chain Crisis To Last Until 2023,” Says Middle East’s Largest Port Operator
“Global Supply Chain Crisis To Last Until 2023,” Says Middle East’s Largest Port Operator Global central bankers have been out and about continuing to promote a narrative that inflation is “transitory.” We’ve seen it from the likes of Powell, Lagarde, Bailey, and Kuroda. Logically, these monetary wonks are right, inflation caused by supply chain bottlenecks […]
How Democrat and Republican parties work together against “We, the People”: Ralph Nader explains
How Democrat and Republican parties work together against “We, the People”: Ralph Nader explains Politicians from both parties exploit voters on behalf of their big corporate bosses. — polarized – divided or cause to be divided into two sharply contrasting groups or sets of opinions or beliefs. ***** Ralph Nader the Warrior “‘Polarization’ is the word most associated […]
