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The Commercial Property Bust, Eurovision War Contest, Bitter-er Lake
This week, the lads are down the shopping mall... Commercial property is looking increasingly un-commercial. As businesses bail out of downtown post-Covid, it’s threatening to create a downward spiral that drags the banks with it. But will the banks then drag entire cities down with them? America has spent decades taking out Europe’s trash. But if there were a war in Taiwan, a new survey suggests there’s almost no European appetite to back them up. So why don’t young Belgians want to die to prevent two ethnically identical countries merging some 6000 miles away?
Finally… Diplomatic ties with Iran; an accord with Israel. The Saudis have been busy making friends. Now, like any suddenly popular kid, they’re ditching their old mates. Is the Kingdom finally taking a step back from its pals in Washington?