Tuesday, September 13, 2022

Everybody’s Got Something To Hide Except Me And My Monkey


Europe’s electricity market: the scam of the century? Yanis Varoufakis (been reading him more than five years now) explains. If you have 23 minutes to spare today, invest it above. I have cued it to cut straight to the chase and avoid the introductions. Think of it as a much better version of my Marginal Pricing post.

Also, now my paranoia is kicking in, why has everything we are told about the war in Ukraine been reduced to repackaged Ukrainian press releases? Why are all our correspondents addressing us from their hotels far from the frontline? We aren't we seeing the kind of stuff that Jeremy Bowen was posting from the conflict's business-end, coming up for half a year ago, any more?
Exhibit A: Bloomberg
Ukrainian President Volodymyr Zelenskiy said the nation’s army has recaptured “more than 30 settlements” in the Kharkiv region, with units of the National Police moving in as Russian forces are expelled. The Institute for the Study of War estimates Ukraine has recaptured some 2,500 square kilometers (965 square miles) of territory around Kharkiv. Kyiv’s forces may have liberated Kupyansk and Izyum on Saturday.  
We understand I take it that, for all that 2,500 square kilometers sound like a lot, the square root of 2,500 is 50. 50 km is just over 30 miles. A block 30 miles by 30 miles ain't all that big. The land area of Ukraine is 603,700 km². 2,500 is less than a half of one percent of that. I wouldn't be putting out the bunting yet, for all the cheer-leading in our press today. What if all we have seen is a tactical withdrawal by Russia to the other side of the Oskil river?
Working royals will be able to wear military uniforms at ceremonies marking the Queen's death.
Princes Harry and Andrew, who no longer perform senior royal duties, will not wear uniforms in which they have previously been seen at a string of events.
I hold no brief you understand. Neither for Harry nor Andrew, but it does seem a bit odd if the only two in civvies will be the only two who actually engaged in combat (Afghanistan and the Falklands respectively).

No comments: