The Great Debate UK

from Anatole Kaletsky:

Markets: Exuberance is not always ‘irrational’

By Anatole Kaletsky
July 25, 2014

A pedestrian holding his mobile phone walks past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo

With the stock market continuing to hit new highs almost daily despite the appalling geopolitical disasters and human tragedies unfolding in Ukraine, Gaza, Syria and Iraq, there has been much head-scratching about the baffling indifference among investors. Many economists and analysts see this apparent complacency as a symptom of a deeper malaise: an “irrational exuberance” that has pushed stock prices to absurdly overvalued levels.

from Breakingviews:

UK’s strong GDP has a soft centre

July 25, 2014

By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

Sanctions finally find Russia’s Achilles heel

By William E. Pomeranz
July 23, 2014

Russia's President Vladimir Putin gestures as he chairs a government meeting at the Novo-Ogaryovo state residence outside Moscow

Russian President Vladimir Putin and President Barack Obama were reportedly engaged in a heated telephone conversation last Thursday when Putin noted in passing that an aircraft had gone down in Ukraine. The tragic crash of the Malaysian airliner in rebel-held eastern Ukraine continues to dominate the headlines, but it is important to remember what agitated Putin and prompted the phone call in the first place -- sanctions.

from The Great Debate:

The war in Gaza threatens Egypt too

By Shibley Telhami
July 22, 2014

A Palestinian woman wearing clothes stained with the blood of other relatives, who medics said were wounded in Israeli shelling, cries at a hospital in Gaza City

Cairo’s efforts to mediate between Israel and the Palestinians in Gaza, according to conventional wisdom, have largely been dictated by President Abdel Fattah al-Sisi’s animosity toward Hamas. After all, Hamas is an offshoot of the Muslim Brotherhood, which Sisi’s government has declared a terrorist organization and regards as a serious threat.

from The Great Debate:

Life — if you can call it that — under Israel’s Iron Dome

By Keren Blankfeld
July 21, 2014

 Israelis take cover on the side of a road as a siren sounds warning of incoming rockets outside the northern Gaza Strip

I’ve become pretty great at rocket dodging. As a New Yorker living in Tel Aviv while researching a book, I never thought I’d say that. And yet it’s true: since Hamas began firing rockets into Tel Aviv on July 8, I’ve learned to move quickly.

from Breakingviews:

UK banks have much to fear from latest probe

By Chris Hughes
July 18, 2014

By Chris Hughes

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

After MH17: The technical fix that could protect civilian airliners from missile attacks

July 18, 2014

Site of a Malaysia Airlines Boeing 777 plane crash is seen at the settlement of Grabovo in the Donetsk region

The awful crash of Malaysian Flight 17 in the eastern Ukraine combat zone seems likely to have been caused by a long-range surface-to-air missile. At this writing, who launched the missile remains undetermined. Regardless of who’s guilty -- why is a modern software-driven weapon capable of striking a civilian jet in the first place?

from Breakingviews:

London real estate at an inflection point

July 17, 2014

By George Hay

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Ian Bremmer:

World Cup chants reveal true state of U.S.-German relations

By Ian Bremmer
July 17, 2014

 Germany's national soccer players acknowledge their fans after their win over the U.S. at the end of their 2014 World Cup Group G soccer match at the Pernambuco arena in Recife

As Germany basks in its World Cup victory, it’s easy to forget that one of the most telling geopolitical moments of the tournament came during the Germany-U.S. game. As American fans chanted “U-S-A! U-S-A! U-S-A!” the Germans countered with, “N-S-A! N-S-A! N-S-A!”

from John Lloyd:

As Israel attacks Gaza, Jews elsewhere feel an impact

By John Lloyd
July 16, 2014

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As the death toll in Gaza rises, so does anger against Israel -- and sometimes, by extension, Jews -- in Europe and elsewhere.