“With another cyclical downturn approaching, the European Commission continues to conduct its affairs in a sort of time warp, divorced from reality.”
Read here
Bill Mitchell: European Union – business as usual as the madness continues
Finance
Cory Doctorow: Public records requests reveal the elaborate shell-company secrecy that Google uses when seeking subsidies for data-centers
Google reportedly scored tax breaks using secret shell companies – shell companies provide secrecy and anonymity and are a badge for predator practices. Why do nation states facilitate them? Read here
Economics
Larry C. Johnson: Even If the Strait of Hormuz Opens, the Damage to the Persian Gulf Energy Infrastructure is Enormous
However, let’s assume that an agreement is reached on Friday and that oil and LNG tankers are allowed to exit the Gulf via the Strait of Hormuz. Even if a deal is struck, it will […]
EU politics
META: Citizenwashing: What it is and how to spot it
“This is for the benefit of the citizens”, “We have consulted citizens and…”, “This is what citizens want.” The word “citizen” is regularly used by politicians and public authorities to justify their decisions. But sometimes […]
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