❌

Normal view

The Currency Peg: A Compulsive Loyalty Program with No Opt-Out Clause!

7 September 2026 at 09:45
Inertia in international finance is a powerful force in its own right. But loyalty programs built on one member’s permanent goodwill tend to look sturdiest in the years just before their members start reading the fine print. Somewhere in a central bank “vault,” a finance minister sat down to do something no ordinary citizen would […]

A Century of Extraction: Tata, Magadi and Kenya’s Ongoing Economic Decolonization

7 September 2026 at 05:59
On September 3, 2026, Kenyan President William Ruto made a momentous announcement that symbolized the end of an era of colonial legacy in the industrial sector of this African country. A Century-Old Trona Extractor Shown the Door William Ruto announced that he had directed Tata Chemicals Magadi Limited to stop operations at the Magadi plant, […]
❌