Some interesting statistics on the Ukraine war today. Obviously seizing farmland is different from buying it, but: The war has cost Russia $37bn over the last year, according to the certainly massive… (View Post)

This is a good video about why rail projects in the English-speaking world are so catastrophically expensive, if you don't mind half an hour of an Australian accent and pronounciation of "P… (View Post)

Vladimir Putin says, "Hold my coat" ... (View Post)

Yes I agree. The economy didn't even enter recession under Truss, unlike Brown for instance. It contracted for one quarter, though you can argue that was more energy prices than Truss. In fairne… (View Post)

And the reason the City tended to ape Wall Street was because both had incompetent and complacent regulators before the financial crisis. The reason Canada and Sweden, etc., didn't have a financ… (View Post)