from MacroScope:

A call to arms

By Mike Peacock
June 19, 2014

The prospect of U.S. and Iranian intervention in Iraq looms larger.

Baghdad has asked the United States for air support to counter Sunni militants who have seized major cities in a lightning advance that has routed the Shi'ite-led government army. And Iranian President Hassan Rouhani has signalled that Tehran was prepared to intervene to protect Iraq's great Shi'ite shrines.

from MacroScope:

Common cause for Washington and Tehran in Iraq?

By Mike Peacock
June 16, 2014

Iraq is going up in flames and there appears to be no question of the West putting boots back on the ground in contrast to 2003 when the United States and Britain invaded to topple Saddam Hussein and set in train a decade of chaos that has now exploded again.

from MacroScope:

EU’s top two — oh to be a fly on the wall

By Mike Peacock
June 11, 2014

Who are the two most important people in the EU? It’s hard to argue against Angela Merkel and Mario Draghi and they meet today in Berlin.

from MacroScope:

ECB aftermath; how firm is opposition to QE?

By Mike Peacock
June 10, 2014

After the European Central Bank opened its toolbox and deployed pretty much everything it had left, bar printing money, the question is if and when QE becomes a live possibility.

from MacroScope:

Smoke signals from the Bank of England

By Mike Peacock
May 14, 2014

Given the silence that attends Bank of England policy meetings which result in no change of course, today’s quarterly inflation report is the main chance to hear the latest thinking. Governor Mark Carney will talk to the media for an hour or so after its release.

from MacroScope:

A question of gas

By Mike Peacock
April 9, 2014

Vladimir Putin will meet senior Russian government officials to discuss Russia's economic ties with Ukraine, including on energy after state-controlled natural gas producer Gazprom said Kiev missed a deadline to pay a $2.2 billion bill.

from MacroScope:

Ukraine inching back to the brink

By Mike Peacock
April 8, 2014

Pro-Moscow protesters in eastern Ukraine took up arms in one city and declared a separatist republic in another yesterday and the new build-up of tensions continues this morning.

from MacroScope:

Osborne stakes out election ground with little fiscal leeway

By Mike Peacock
March 19, 2014

The annual UK budget is always a big set piece but it’s hard to remember one where there have been fewer advance leaks – indicative of a steady-as-she-goes approach by George Osborne.
Having put so much political capital into reducing the deficit, to switch now at a time when the economy is recovering strongly would be politically risky. And with debt falling only slowly there is little fiscal leeway.

from Photographers' Blog:

Fukushima’s children

March 10, 2014

Fukushima Prefecture, Japan

By Toru Hanai

It will soon be the third anniversary of the March 11, 2011 earthquake and tsunami that wrecked the Fukushima Daiichi nuclear power plant.

from The Great Debate:

Danger and delay on dirty bombs

By Kenneth N. Luongo
December 16, 2013

When highly radioactive material that can be used in a “dirty bomb” is moved to or from a hospital in New York City, it is done in the dead of night on cordoned streets with high security.