A look at the secretive Liberian Corporate and shipping registry that continues to be a tax haven, especially for the shipping industry. And alludes to the ultimate beneficiaries behind the scheme.
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There has been a lot of negative coverage about the forthcoming gen elections in Kenya on 9th August 2022.
The Economist's article below a few months back is typical:
It fairly cites a lack of a viable choice and focuses on the cynicism of Kenyan politics; Where politicians change allegiances and political parties - usually one-election vehicles for whatever frontrunner is in current fashion - more often than they change their expensive imported Versace and Armani suits; Of which they can easily afford a warehouse-load on a Kenyan politician's ludicrously-inflated salary when compared to even those in the most powerful countries in the west.
Sure, the curse of tribal politics is nowhere more visible than in Kenya on the continent. A curse that always comes at the cost of actual viable social and economic policies that are almost an afterthought and hard to discern between the two current frontrunners - Raila Odinga and William Ruto:
Both candidates aspire to "bottom-up economics", whatever that actually means, and a vague promise of subsidies on fertilisers. Ultimately they both inspire nothing more than apathy in the Kenyan electorate.
But that is missing a trick.
The supply-side mayhem caused by pandemic and war and that sparked a bout of global inflation for the first time in a generation; Whether transitory or not, what is certain is that it is a dry-run for the persistent and much higher inflation or even stagflation we were always likely to face later in the decade.
Why a deep dive into Putin’s actions betray one thing and one thing alone – his desire to re-assert Russian influence over Eastern Europe and beyond
Why the stay-at-home rate amongst the 20-34 year old age group may be the missing link in explaining the record number of job vacancies and labour shortages in the developed world – especially in Anglo-Saxon countries. And the long-run consequences could be dire:
Both in economic terms – Labour shortages may be far more…
The spotlight on inflation, and whether or not it is just a passing phase as economies re-open, is missing the bigger picture.
Long-term changes to “just-in-time” supply chains that were already underway before the pandemic and super-charged by it will ultimately lead to persistently higher inflation in advanced economies.
And especially if…
While all eyes are focused on inflation, the real underlying problem is the total debt – both public and private combined – that advanced economies have accumulated since 1945 and has gone into overdrive since the GFC in 2008.
While many commentators are raising their proverbial arms in the air and decrying the intractability of the Israeli-Palestinian conflict, the current violence may have exposed a path to an end game – for better or for worse – between the two sides.
As familiar as the eternal and depressing rocket exchange between Hamas and the IDF is, causing predictable and well-trodden consequences and damage, it seems that this this time the confrontation feels different in scope.
What it means to be “English” for many second-gen immigrants ime myself was broken by Brexit. It is this very social contract though that will have to be renewed and put on steroids if the version of Brexit the Tory Government wants is to become a reality.
Analysis of Sudan’s transitional government urgent attempts to remove the country from the U.S. State Sponsors of Terrorism List