Tag: Crisis
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Oil basis goes down: Europe gets jet fuel from the US and Nigeria
The difference between the futures oil price and the spot price (often also referred to as the basis, spread or differential) has gone down significantly since the Iran war started, signaling that the oil shortage crisis may be coming to an end. Separately, multiple reports confirm that Europe is replacing jet fuel imports from the…
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The massive economic cost of the housing crisis
There is plenty of discussion about the human and social aspect of the ongoing housing crisis in Malta. The young generations are facing extreme challenges to obtain housing and start families and this is also negatively impacting the birth-rate. However there is also another cold and calculating aspect of this crisis which is currently being…
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Reliving 2019 thanks to a video clip by Partit Demokratiku
It’s been nearly five years since the 2019 crisis took place, and I genuinely feel I have lived a whole lifetime since then. It’s hard to comprehend how many events since then have been condensed in such a short period of time, at least from my own personal experience. Here’s a clip of then Prime…
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Reversing 2019 and the slow march towards dictatorship
Dictatorships are not necessarily born by coups or dramatic violent events. Dictatorships or authoritarian regimes can also evolve from fragile liberal democracies and we’ve seen this process already such as in Turkey, Thailand, and Venezuela. In Europe, we have a milder version of this process which we call the “illiberal democracy” mostly popularised by Hungary.…
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Can the Opposition get its act together instead of having its MPs regulate what people say on TikTok?
The Minister for Inclusion Julian Farrugia is at it again, prosecuting people for “hate speech” against people with disabilities, this time, prosecuting nobodies on TikTok. Supposedly, this shows that the Labour Party still has some values left. The Opposition MP and Shadow Minister for Inclusion, Graziella Galea wants us to know that she is taking…
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Wolfgang Schäuble: the uncompromising face of Germany
When Greek Finance Minister Yannis Varoufakis asked German Finance Minister Wolfgang Schäuble whether he would have accepted the proposed deal for Greece as the receiving Finance in Varoufakis’ position, Minister, Schäuble hesitated briefly but then provided a straightforward answer, saying “no.” This story is extensively recounted in Varoufakis’ memoirs from his time as Greece’s Finance…
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Wolfgang Schäuble: the uncompromising face of Germany
When Greek Finance Minister Yannis Varoufakis asked German Finance Minister Wolfgang Schäuble whether he would have accepted the proposed deal for Greece as the receiving Finance in Varoufakis’ position, Minister, Schäuble hesitated briefly but then provided a straightforward answer, saying “no.” This story is extensively recounted in Varoufakis’ memoirs from his time as Greece’s Finance…
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It’s over
In May of this year, just as Robert Abela was pushing the Labour Party into a crisis with his corrupt and fraudulent handling of the case of Jean-Paul Sofia, I wrote an article about how Robert Abela had lost control over the Labour Party. The Labour Party became broken into various factions with two main…
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Narcissists wrecking the nation
I am sure there has never been in our history such a reckless and blatantly corrupt Minister who is so narcissistic that this minister proceeds to praise herself with propaganda instead of addressing a national crisis that she was responsible for that ultimately left people dead. There can be really no redemption for such crass,…
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Venezuela 2.0 is no longer loading. It is reality.
History is not only about dialectics but also about inertia, momentum, and convexity and this is why many have failed to see Russia’s collapse coming. Last year, The Economist was publishing ridiculous stories about Russia withstanding sanctions. The reality is very different, however. Already we could see that Russia was in for a disaster, but a…