CBS: China’s Strategic Monopoly on Rare Earths.

Simon Constable breaks down the reality of rare earth elements, noting they are not rare but difficult to refine.

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CBS: Commodity Markets and European Economic Hardship.

By SIMON CONSTABKE

He reports on high energy prices and diesel shortages in France and analyzes how the Iran war affects global commodities like copper and gold, while also discussing controversial new EU-aligned domestic legislation.

Listen more here.

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Briefings Magazine: Too Close to the Sun

By SIMON CONSTABLE

Look into the sky and much of the time you’ll see the Sun, at least during the daytime. And much of the population is aware that humans, animals, and plants couldn’t survive without the Sun’s presence. This massive star, central to our solar system, with a circumference of 2.7 million miles, provides our tiny planet with warmth and vitamins, plus it’s crucial to growing our food. Five thousand years ago, humans knew the Sun mattered, so many routinely prayed to the Sun god. We still use that name for the seventh day of the week: Sunday.

But the Sun isn’t always kind to the Earth. Sometimes the solar surface is very active, with many dark spots. The really bad news is that when there are a large number of spots, there is an increase in solar flares, aka explosions, which cause disruptions on Earth. “Sometimes after a big solar storm, there can be power outages,” says Arnab Rai Choudhuri, a professor at the Indian Institute of Science and an expert on solar activity. Indeed, the events often don’t make big headlines, but the last major solar storm, in May 2024, created various disruptions on Earth to GPS, radio, and power grids, particularly in the midwestern United States. Farmers there reported “possessed” tractors going in circles, with the GPS mayhem causing a reported $500 million in damage. READ MORE HERE.

FOXNews Digital: After Maduro, Venezuela faces hard choices to rebuild its shattered economy

By SIMON CONSTABLE 

Over the weekend, U.S. special forces executed a daring raid on Caracas, capturing the now-former dictator of the country, Nicolás Maduro, and his wife, subsequently taking them to New York, where both were indicted on multiple charges, including narco-terrorism conspiracy and cocaine importation conspiracy.

What next? After Maduro was captured, President Donald Trump said the U.S. would initially take over the administration of Venezuela. "We will run the country until such time as we can do a safe, proper and judicious transition," he told reporters at Mar-a-Lago in Florida. "We can't take a chance that someone else takes over Venezuela who doesn't have the interests of Venezuelans in mind." READ MORE HERE.

FOXNews Digital: Maduro’s fall puts Iran’s deep energy and defense cooperation with Venezuela at risk

By SIMON CONSTABLE

Last week’s capture of Venezuelan president Nicolás Maduro opened the world to see the mess that the country with the largest proven oil deposit in the world was still starving and abusing its people. But there’s more to it than the alleged crimes of the previous leader.

Notably, one of Venezuela’s closest allies over the past few years has been the Islamic Republic of Iran. Broadly speaking, that regime is a staunch enemy of the West, and specifically, it hates the U.S. and the freedoms it stands for. 

"Despite being the country with the largest reserves, Venezuela’s oil industry is no longer able to refine its own gasoline to fulfill its own needs," Emanuele Ottolenghi, a senior research fellow at The Center for Research of Terror Financing, told FOX Business. READ MORE HERE.

FOX News Digital: How Venezuela went from South America's richest to poorest economy despite massive oil reserves

 By SIMON CONSTABLE

In the early part of the last century, Venezuela was considered the leading economy in South America. At least part of the story is that the country discovered massive oil reserves in 1922. Currently, the country has the largest reserves of any country, 303 billion barrels. While that sounds good on paper, it doesn’t change the fact that the economy is the poorest in South America. The puzzle is, how did it get so bad with all that oil wealth waiting to be monetized?

The first big move in the wrong direction was in 1976, when Venezuela’s government decided to nationalize all foreign oil companies in the country. In turn, the acquired new oil businesses were broadly placed under the already state-owned oil company Petróleos de Venezuela, S.A. (PDVSA). 

Yet perhaps surprisingly, the economy didn’t initially crash. "What kept it up was they were still producing oil," Robert Wright, a visiting professor of history at the University of Austin, told FOX Business. "It takes a while even for a socialist to screw it up." READ MORE HERE.

FOX Business Digital: How Italy’s PM Meloni sparked an economic turnaround

By SIMON CONSTABLE 

When Italy’s Giorgia Meloni took the job of prime minister in 2022, the country wasn’t in good shape. But since then, the economy has bounced back in ways that few outsiders would have expected. Now the country looks healthier than either Germany or France, the two largest economies in the European Union.

In 2022, Italy’s deficit was 8.1% of GDP, according to Trading Economics. Unemployment in December 2022 was 7.9%, and inflation exceeded 12%. READ MORE HERE.