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Weekend Reads: A new Mideast order, Europe's car trouble and the billionaire tax

By Reuters News

By Anna Szymanski

Nov 6 (Reuters) - Looking for inspiration? Every Friday, Weekend Reads rounds up what the Reuters Open Interest team has been reading, watching and listening to.

This week's picks span a post-American Middle East, the Chinese threat to European carmakers, a proposal to tax California's billionaires, and more.

This weekend, we're reading...

RON BOUSSO, ROI Energy Columnist: This paper from 13D Research and Strategy examines what a post-American Middle East could look like after the US-Israeli war on Iran, arguing that Iran could end up wielding far greater clout in the region while weakening Saudi Arabia's hand.

MIKE DOLAN, ROI Finance & Markets Columnist: In "A Fatal Challenge to Mainstream Economics," famed economist James Galbraith, writing for Project Syndicate, explores the mess that the "dismal science" now finds itself in.

ANDY HOME, ROI Metals Columnist: Washington-based think tank the Center for Strategic and International Studies assesses the loss of copper smelting capacity in the West and what the US should do if it wants to build more processing capacity.

CLYDE RUSSELL, ROI Asia Commodities and Energy Columnist: The Oxford Institute for Energy Studies argues in a new paper that while China has overbuilt renewable energy manufacturing capacity, it is unlikely to enforce supply-side rationalisation, meaning that low prices and a focus on exports will continue.

We're listening to...

GAVIN MAGUIRE, ROI Global Energy Transition Columnist: European consultancy Bruegel's podcast considers how Europe can support its vital car industry as competition from China surges, while addressing shifts in consumer tastes and fuel costs that are upending the status quo for the likes of VW and Mercedes.

And we're watching...

ANNA SZYMANSKI, ROI Editor-in-Charge: Economist Emmanuel Saez, who helped design California's Proposition 40, a one-time 5% tax on billionaires, joins Reuters Econ World host Carmel Crimmins to discuss whether wealth taxes can raise meaningful revenue without driving away investment, entrepreneurship and talent.

Opinions expressed are those of the authors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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