In a dramatic turn of events, Operation Prosperity Guardian, the pivotal US-led mission to secure vital merchant shipping lanes through the Red Sea, is facing another critical setback. gCaptain’s recent reports highlight a troubling trend: a glaring absence of key allies, notably including AUKUS member Australia, in this international initiative. Compounding the situation, the French Navy, a cornerstone of the coalition, has withdrawn support. This decisive move comes as US leadership faces mounting criticism among US shipowners for leaving American sailors dangerously exposed within range of Houthi forces, without adequate protection.
Economics
German Non-V Recovery – DeStatis: GDP in 4th quarter of 2021 down 0.7% on the previous quarter
But the German Minister for Economic Peter “Bozo the Clown” Altmaier had a chart to prove there would be a V-recovery Bozo and Bojo have a lot in common. Read here
Economics
Bill Mitchell: European Commission processes still biased towards fiscal austerity
I consider that there is little hope that European Commission will be able to resume its Excessive Deficit Mechanism process in 2022 without causing massive damage to already damaged economies. But I have no doubt […]
Finance
Tax Justice Network: #ParadisePapers and the Big Four: in the words of a former insider
“Leading estimates show that profit shifting by multinational companies is responsible for tax revenue losses globally of $500 billion or more each year. Various document leaks, including the Paradise Papers and earlier LuxLeaks, have shown […]
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