I feel that markets and governments should be paying attention to things like this.
And, presumably, the assessment below is based on the situation today. The greater the destruction, disruption and risk, not only the longer before recovery starts but the longer recover takes.
Sun Tzu had something to say about that.
AI (and related technologies and support industries) looks to me very much like dot com.
Yes, it probably will be transformative; yes, it's still a bubble all the same.
The media should stop playing the games of the influential in positions like this. Either the likes of Mandelson (or his spokesman) go on the record or they don't get a say.
There are times people can't go on the record formally. Fair enough. This isn't one.
Apparently it was the salary he would have been due had his appointment run its term. The actual claim was for the even more specific £547,201.
www.bbc.co.uk/news/article...
Of course they'll leave themselves exposed.
The risk of disruption of Middle East oil is high and enduring. It's been proven multiple times over the decades. But it's infrequent enough that individual execs can hope it doesn't happen on their watch and they can cut costly contingencies.
Yes. The online world seems to have enhanced the illusion among some decision makers that to announce something is the same as to make it happen; that there's no (or barely a) distinction between the meta and the real.
I've criticised them earlier on a separate thread! But yes, absolutely. They should be even more ashamed of their lack of professionalism.
I'd add that Trump's voice, even if it's to be believed, is still only one. Iran gets a say too (albeit that either can change the risk balance).
Specific example to this just now on the BBC, whose reporter that oil passed $100/barrel overnight despite the biggest ever release from the global reserve stocks.
No. Despite the announcement that there would be that release. Probably. Some time. It changes expectations but not, today, hard facts.
Good job that governments aren't adding stress to the international financial system, and that central banks can regulate markets independently, competently and impartially.
Why are so many journalists so credulous? Statements are not actions. Announcements of intent are not implemented policy.
People - but especially people whose job it is to inform people - need to pay at least as much attention to what those in charge are *doing* as to what they're saying.
I'm doubtful Hitler or Stalin would have privately described themselves as Christians. Their philosophies ran very counter to Christianity's core tenets. They did both use Christianity but that was pragmatic political coalition building.
Their belief was much more in themself and their politics.
"Not since the Suez Crisis has the IDF fought alongside an ally in a major military offensive."
You mean an intervention that was famously characterized by initial military success, but sparked an international economic crisis that forced a humiliating withdrawal?
Say it quietly but most bible belters aren't very good Christians either.
I could cite some counter-examples of problematic atheist leaders too.
It's probably that the ones you want to avoid are those who believe so passionately in the righteousness of their cause that any means becomes justified.
Agree. The company would also have to reckon in reputational damage to their costs, and employee reaction.
It's unhelpful when all sides have god.
An insurer will hardly ever say no. But they may well say: yes but only at an unaffordable cost.
It's easy enough to quote a premium for Hormuz transit. Chances are it'd be multiple times the value (never mind profit) of the oil being transported at the moment. So you wait.
Notice how all of our geopolitical enemies constantly attack the EU and push against European regulation.
They do it because those regulations are exactly what protects us from them.
A united and well-regulated Europe is their biggest nightmare
Yes. Although Iran more than Israel (who despite being recklessly gung ho will stop if Trump demands it).
Iran, by contrast, has plenty of reasons not to give Trump and Israel their win.
There's no reason he should get anything.
If you lie to get your job - or omit crucial information that would have meant your application would have been red-carded - then you can rightly expect to be dismissed without compensation.
"Biggest ever" is usually a Trump-like hyperbolic claim. But for once it's not misplaced here.
There is a real possibility that both Lab and Con - and to an extent, LD - are all eclipsed simultaneously.
And a good one. Obviously, we don't know - though we do know most of the variables.
I don't see much of an indication that Iran is looking to change course - nor need it from the point of view of the clerics and IRGC.
I think Trump will call 'halt' and Iran won't play ball.
The government did not have to pay Mandelson £75k. It did not have to pay him anything.
Obtaining a position by deception (including the deception of omission) is fraud and failing to subsequently declare is gross misconduct.
Dismissal without compensation is the natural consequence.
Well, they don't know *everything* but I'd hope that most geopolitical experts would have correctly predicted that Iran would respond to a US attack on it by attempting to force up oil prices. It's pretty obvious and not new.
Sorry to be a nerd, but the government should really also publish Peter Mandelson's filled-in conflict of interest submission, when he was appointed Ambassador.
Hopefully that's coming with the next tranche of released documents...
4. Richard Osman: The Impossible Fortune
Highly popular series but not his best work. Mostly the same characters (albeit developing - good), but some missed absences and less internal dialogue (not good). Twists and turns as usual but I found less to care about.
www.abebooks.co.uk/Impossible-F...
3. Christopher Clarke: A Scandal In Konigsberg
A bit of an odd one this. In one part, ancient, distant and parochial: a forgotten (and bizarre) scandal from 200 years ago; in another, an interesting insight into eternal human character - and just as relevant now.
www.abebooks.co.uk/Scandal-K%C3...
2. Mark Cavendish: Believe
One of the best sports autobiographies / memoirs I've read, covering his last four years as a pro. The insight behind the scenes and in the racing and Cav's wider world, the storytelling, the openness, the pace: it's all extremely high standard.
Who called the US operation Epic Fury - a phrase in its context that might as well be Trump Tantrum.
Cat vomit does at least have cause and effect, and allows you to see the inputs.
