Twiddling the clocks is normally limited to a 1 hour shift, either forward or back, near the equinoxes. Even then, not all countries, states and territories follow the practice. But now, we have been exposed as amateurs by the Houthi terrorists from Yemen.
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Southern Italy
The long roadside grasses have gone to seed. As I drive, an approaching speedy motorist flashes into view from around the corner, in the middle of the narrow road. We both take evasive action.
My antagonist appears to be familiar with the routine. He dodges me, toots, remonstrates via hand gestures and speeds on as if nothing had happened. I take a moment to recover myself. I am in southern Italy, in the Basilicata region.
Continue readingIstanbul
A fresh wind blows down the Bosporous Strait from the north as I explore the waterfront of the divided city of Istanbul.
Continue readingDon’t lose sleep over a trade deficit. Don’t get too excited by a trade surplus.
International trade is one of those topics of political economy that many people misunderstand. It’s like inflation, in that regard. The balance of trade, that is the value of exports less imports, is a commonly quoted and discussed national statistic.
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Australian Actuary 