Sunday, November 27, 2022

On Black Friday, Amazon Workers in 40+ Countries Strike and Protest ‘Despicable’ Treatment

“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.”

Links 11/26/2022

The Diesel Crunch Is Finally Causing Demand Destruction

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

Poland’s Coming Economic Collapse: A Story in 8 Tweets

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

Links 11/25/2022

The Good News and Bad News About the World’s Most Troubled Systemic Lender, Credit Suisse

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

Links Thanksgiving Day 11/24/2022

Something Just Cracked in Spain’s Mortgage Market

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.

Massive Cancellations Make Mess of Already Low New-House Sales. Inventory Glut at Deep Housing Bust 1 Level. Buyer Traffic Plunges

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

Holiday Schedule and Sort of Comments Holiday

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

2:00PM Water Cooler 11/23/2022

~ Today’s Water Cooler ~

Key Institutional Crypto Player, Genesis, on Verge of Failure; Possibility of “Apocalyptic” Bitcoin Liquidation

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?

Links 11/23/2022

Is Science Really Self-Correcting? Yes, But the Mechanism Varies

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

COP27’s Loss and Damage Deal Isn’t a Win. It Committed Us To Devastation

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