Expanding the Legacy
Battlefield Ingenuity Gives Ukraine a Defensive Edge
The detection of incoming aircraft by sound has long been considered imprecise and impractical. That is, until Ukrainian nerds looked at the ancient technology and saw an opportunity to match it to artificial intelligence. A number of startups have now developed acoustic systems that can successfully detect incoming drones, missiles, and aircraft, and determine their heading, allowing defenders to either neutralise the threat or run for shelter.
Donald Trump Firmly Rooted in US Political Tradition
A new survey from press agency Reuters found that 87% of Americans are concerned about a rise in political violence. Over two-thirds of respondents fear an outburst of violence following the November 5 presidential election. A significant majority also deplores the lack of civility in public discourse. Yet, in a quirk of the American character hard to explain, slightly under half of the US electorate is apparently willing, if not eager, to dispatch a man to the White House who has redefined incivility and made it into his personal brand. To call Donald Trump uncouth is a gross, if not monumental, understatement.
Debt Restructuring: Governance Missing from Equation
An untold number of debt relief initiatives have failed to help developing countries carry their financial burden. The schemes, well-meaning in nature, follow a predetermined script: the debtor nation promises reforms, the implementation of sound governance practices, and fiscal prudence. However, once creditors and debtors have reached an amicable agreement, the script goes awry. Promises are instantly forgotten and reform plans put on ice. Apart from perhaps a few cosmetic touch ups, governance remains as dismal as before.
Britain’s Rwanda Plan: Four People Removed for £700 Million
Successive conservative governments squandered upwards of £700 million ($900 million) on an ill-advised plan to deport failed asylum seekers to Central Africa for processing and resettlement. The scheme, promptly cancelled by the new Labour government, saw just four people leave the UK for Rwanda. They did so voluntarily and were handed £3,000 in cash to help fund their new life in Africa. On Monday, Home Secretary Yvette Cooper informed Parliament that the deportation plan had cost much more than previously thought: “It’s the most shocking waste of taxpayers’ money I’ve ever seen,” she told lawmakers. Mrs Cooper also revealed that her predecessor failed to properly inform Parliament of the policy’s total costs which according to Home Office numbers could have ballooned to £10 billion over the next six years.
An Old Financial Instrument Gains New Currency
When trouble arises, throwing money at it usually works wonderfully well. The problem is, of course, that the number of troubles invariably exceeds the volume of ready cash available. During the Corona Pandemic, Spanish Prime Minister Pedro Sánchez made a surprise suggestion to revisit an old and almost forgotten financial instrument - the ‘consol’ (consolidated stock or consolidated annuities). A consol is equivalent to a perpetual bond. By definition, consols are not redeemable unless the issuer agrees; they merely pay interest and do so perpetually.
Trump’s Wonderful Week Marks EU Misery
Whilst former US president Donald Trump – need we remind all and sundry that the man is a convicted felon? – had an excellent week, Europe suffered a funk of sorts as the likelihood of a Trump 2.0 administration seemed all but inevitable. Undoubtedly, Trump supporters, fans, and idolisers enjoyed...
The Art and Science of Unscrambling Eggs
How to unscramble eggs. That is the question (and task) facing UK Prime Minister Keith Starmer as he meets his country’s neighbours tomorrow for a one-day summit of European leaders. The informal gathering in Blenheim, birthplace of Winston Churchill, takes place under the aegis of the European Political Community (EPC), an initiative launched by President Emanuel Macron of France in 2022, following the Russian invasion of Ukraine. More than fifty heads of state and governments are expected to attend.
Micro States Struggle for Survival in Multipolar World
In a dog-eat-dog world, small states are often seen as mere appetisers. Even mid-sized ones, such as Ukraine, may feature on the menu of larger neighbours. Armen Sarkissian, a former prime minister and president of Armenia and a theoretical physicist of considerable standing, has a vested interest in the well being of smaller countries. He argues that nations such as his own have been treated as ‘disposable’ throughout much of history or, at best, as an appendix to larger sovereign entities in the vicinity.
Nvidia Share Price Headed to $20K Hazards Top Bull
Mr Anderson ventures that Nvidia could well attain a market cap of $50 trillion in a decade. Though admitting that his forecast is on the optimistic side, Mr Anderson does present some numbers to back up his claim.
Brave New World 2.0
Brave New World is a series of shorter articles – mini-essays often slightly contrarian – that was started in the aftermath of the Corona Pandemic as the world tried to make sense of what just happened and adjust to a new normal. Whilst the effects of the pandemic have since...
