Fearless commentary on finance, economics, politics and power

“Instead of paying its workers fairly, its taxes in full, and for its damage to our environment, Amazon is squeezing every last drop it can from workers, communities, and the planet.”

Diesel inventories slump to their lowest level for this time of the year since 1951.

Why Poland is on its way to becoming an economic basket case.

Credit Suisse may have taken an “important step” in its turnaround process, as its unfortunately named chairman Alex Lehmann said this week, but it is also suffering a gathering run on deposits

Spain already witnessed one of the most spectacular housing bubbles and busts so far this century. As pressures in the mortgage market grow, the government and banks are determined to avoid a rerun.

Another thing: inflation. Just when you thought the construction-cost spike was abating, it hit a new record.

Wishing Americans a festive holiday, and hope those in the rest of the world can kick back as well.

~ Today’s Water Cooler ~

Genesis, another key block in the crypto Jenga tower, looks like it is about to be removed from the game. What might fall down as a result?

cience, or here, scientific journals do have their problematic papers caught out. But oddly they are not delisted or deplatformed.

COP27 made no clear commitment to decarbonisation and stopping climate-change-induced loss and damage