Where the math is defensible.
Long-form research on live enterprise decisions. Publication is selective. Every number traces to a named source. No takes without evidence.
The 401 Vote Mandate: Translating the 2024 European Parliament into the 2026 Policy Cycle
The June 2024 European elections returned a Parliament that is more right-leaning than any since 1979, yet the centre held. The structural question is whether Ursula von der Leyen's 401 vote majority can finance the Draghi prescription before the median floor vote drifts further toward Patriots for Europe and the European Conservatives and Reformists.
The June 6 to 9, 2024 European Parliament election returned 720 members across 27 member states. The European People's Party expanded to 188 seats, the Socialists and Democrats held 136, Renew Europe contracted sharply to 77, the Greens fell to 53, the European Conservatives and Reformists rose to 78, and the new Patriots for Europe forma...
India Modi 3.0: Coalition Arithmetic, Two Budgets, and the FY27 Reform Window
The BJP at 240 seats forced the first genuine NDA coalition since 1999. Two Union Budgets in eight months reset the fiscal anchor at 4.4 percent of GDP, recalibrated capex from INR 11.11 trillion to INR 11.21 trillion, and shifted the income tax threshold to INR 12 lakh, all while RBI cut Repo by 50 basis points into the food inflation overhang.
Narendra Modi returned to office on June 9, 2024, with the BJP holding 240 Lok Sabha seats, 32 short of a single-party majority and the worst Treasury bench result since 2009. The NDA coalition now depends on Chandrababu Naidu's TDP at 16 seats and Nitish Kumar's JD(U) at 12 seats, both leaders with prior records of switching sides. Finan...
Peru Mining Under Boluarte: Political Risk Through the 2026 Election Cycle
President Dina Boluarte enters her last full year of office with single digit approval, a fragmented Congress, and a copper sector that the state cannot afford to disturb. The April 2026 first round and June 2026 runoff will reset the rules under which Las Bambas, Quellaveco, and the Tia Maria pipeline operate.
Peru is the world's second largest copper producer at roughly 2.6 million tonnes per year, and its political settlement is the variable that decides whether the next administration can hold the line. President Dina Boluarte governs with approval near 5 percent, a Congress that has rejected three constitutional vacancia motions, and a memo...