A Memorandum of Understanding (MOU) has been signed on Thursday between Iran and the United States, setting the stage for a 60 day negotiation period. As part of the “deal” both sides have to put an end to their blockade of the Strait of Hormuz, allowing ships to sail through unhindered. The price of oil has fallen considerably as a result, and hopes of returning to some sort of normality is higher than ever in the past three months. Is that all there is to it? Ho-ho… No. The hard part is just about to begin—not just vis-a-vis Iran, but for the entire world.
Economics
ICIJ: Uber shifted scrutiny to drivers as it dodged tens of millions in taxes
Executives agreed to share driver data to “contain” a tax audit and deflect from the tech giant’s use of European and Caribbean tax havens, new leak shows. Read Here
EU politics
Bill Mitchell: EU Services Notification Directive will undermine democracy within cities
How the non-democratic EU Commission continues to usurp power to serve corporations. It is good that Bill Mitchell has picked up on this and provides a thorough analysis. This is truly important. Read here
Economics
Ms Merkel’s shrewd programme for a depression
Let people’s incomes fall so that they spend less. Just give money to international corporations so that they can buy back their shares, pay dividends and boni, and make donations to political parties and provide […]
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