The Economist has a vitriolic piece on how the old - that is, anybody who has crossed middle age- oppress the young. It calls them 'uncles'. The piece is worth quoting at length.
An 'uncle' is easily identified:
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Site title: The Big Picture
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The Economist has a vitriolic piece on how the old - that is, anybody who has crossed middle age- oppress the young. It calls them 'uncles'. The piece is worth quoting at length.
An 'uncle' is easily identified:
I had a post yesterday on the ouster of the BP Chairman, Albert Manifold.
I repeat: it's an extraordinary event. No violation of the law. No violation of regulations. No financial misconduct. Removed only because his behaviour was too aggressive to be acceptable- the expression used is "bullying".
I say it's extraordinary because bullying by those at the top has a...
The board of oil major BP has removed its Chairman, Albert Manifold, reportedly because he was given to bullying and "shouty" behaviour.
That is not what the sanitised text of the board's statement said. The board said his removal, which was unanimous, "...follows serious concerns raised to the board related to important governance standards, oversight...
The fall in the exchange rate of the rupee is the biggest concern at the moment.
The current account deficit is expected to widen to around 2 per cent of gdp in the wake of the surge in oil prices. That is not a big deal by historical standards. We were comfortable with a CAD of at least up to 2.5 per cent of gdp, meaning we could find enough sources of fore...
I wrote in an earlier post that the oil markets are under-pricing the risks inherent in the Iran conflict and that a spike in oil prices is not far off.
Even as President Trump weighs the option of another strike on Iran, it appears that the moment of reckoning in oil markets is not far off. Another two or three weeks of the stalemate could push oil prices to over $120 ...