Death Star Economics



The news turned absurd

Vladimir Putin was ‘elected’ Russian president again, causing what Reuters calls the biggest anti-Kremlin protests since he first took office in 2000. read article

What changed since 2000 is, most notably, the Russian middle class. The Economist’s Daily Chart shows that while it only accounted for about 15% twelve years ago, it rose to 25% today, and the richer and bigger the Russian middle class gets, the louder it’s voicing their opinions… view charts (note important chart of IKEA stores)

But the by far catchiest headline comes from Belarus: after the German minister of foreign affairs Guido Westerwelle called president Alexander Lukashenko “Europe’s last dictator”, he responded by saying “it’s better to be a dictator than gay.” Whoa, what?! Belarus is facing EU sanctions for human rights violations and repression of civil society. Lukashenko has been in office since 1994. read article

Jamaica‘s prime minister Portia Simpson Miller is calling for a Greece-like bailout for the island nation. Jamaica was meant to get a $1.27bn loan from the IMF in 2010, but it fell through because of missing paperwork. Seriously, what is it with that?! The country’s sovereign debt is 126% of GDP (2011 number), which is the 8th highest rate in the world. read article

Ezra Klein on invisible tax policies and how the top 1% benefit from social policies designed to help the bottom 20%:read article

So long.


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One Response

  1. […] not just as far east, in Belarus, Alexander Lukashenko, “Europe’s last dictator“, appears to have secured all parliamentary seats once again. read […]

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