Monthly Archives: March 2023

March 31, 2023

• 2:00PM Water Cooler 3/31/2023
  by Lambert Strether 2:00 pm

• Links 3/31/2023
  by Lambert Strether 6:55 am

• That 80s Feeling: How to Get Serious About Bank Reform This Time and Why We Won’t
  by Lambert Strether 6:50 am

• Shining a Light on the UK Government’s Disingenuous Role in Trying to Kill Cash
  by Nick Corbishley 6:33 am

• Senators Alarmed By Use of Rent-Setting Algorithm, Say It’s Helping Drive Inflation
  by Conor Gallagher 6:00 am

• The Financial Crisis of 2023: Protecting Big Finance, Coming and Going
  by Yves Smith 12:23 am

March 30, 2023

• Bostock v. Clayton County: One Innocent’s Excursion into Sex v. Gender
  by Lambert Strether 3:25 pm

• 2:00PM Water Cooler 3/30/2023
  by Lambert Strether 2:00 pm

• “Biden’s Awkward Democracy Summit”
  by Yves Smith 10:13 am

• Links 3/30/2023
  by Lambert Strether 6:55 am

• Crypto Mining at Gas Wells Sparks Regulatory Headaches, Outcry in Northwestern Pennsylvania
  by Lambert Strether 6:25 am

• Austerity for the Plebes, Bank Rescues for the Rich
  by Yves Smith 3:31 am

March 29, 2023

• Why the Repeal of Anti-Union Laws in Michigan Boosts Workers Nationwide
  by Yves Smith 5:30 pm

• European Gas Prices Extend Gains As French Strikes Block LNG Imports
  by Yves Smith 3:21 pm

• 2:00PM Water Cooler 3/29/2023
  by Lambert Strether 2:00 pm

• Links 3/29/2023
  by Lambert Strether 6:58 am

• Herman Daly (1938-2022): The Economist for Our Time
  by Lambert Strether 5:55 am

• Fossil Fuel Industry Phase-Out: Three Critical Worker Guarantees for a Just Transition
  by Yves Smith 3:21 am

March 28, 2023

• 2:00PM Water Cooler 3/28/2023
  by Lambert Strether 2:00 pm

• ‘The Billionaire Bailout’: FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion
  by Conor Gallagher 11:11 am

• As Longterm Partnership With Us Fades, Saudi Arabia Seeks to Diversify Its Diplomacy – And Recent Deals With China, Iran and Russia Fit This Strategy
  by Conor Gallagher 11:02 am

• Links 3/28/2023
  by Conor Gallagher 6:55 am

• Brazil Looks To Strengthen Ties With China, As Taiwan Loses Yet Another Ally in Latin America
  by Nick Corbishley 6:45 am

• US Continues Its Abuse of the EU With Recent Inflation Reduction Act Agreement
  by Conor Gallagher 6:00 am

March 27, 2023

• Is Our Health Care System Turning Hospitals into (Covid) Death Traps?
  by Lambert Strether 3:25 pm

• 2:00PM Water Cooler 3/27/2023
  by Lambert Strether 2:00 pm

• Links 3/27/2023
  by Lambert Strether 6:55 am

• FDIC Sells Much of Silicon Valley Bank to First-Citizens Bank. Total Cost of SVB Collapse to Deposit Insurance Fund: $20 Bn
  by Lambert Strether 5:55 am

• Fed-Inflicted Bank Wobbles Persist as Investors Fret About Deutsche
  by Yves Smith 2:49 am

• How Debt Dynamics Polarize Economic and Political Power
  by Yves Smith 12:02 am

March 26, 2023

• Please Keep Off the Grass!
  by Lambert Strether 2:30 pm

• Links 3/26/2023
  by Lambert Strether 6:58 am

• Sen. Sanders Shows Fire, but Seeks Modest Goals, in His Debut Drug Hearing as Health Chair
  by Lambert Strether 5:25 am

March 25, 2023

• Links 3/25/2023
  by Lambert Strether 6:58 am

• Gender Reveal… It’s Brands!
  by Yves Smith 6:00 am

• Your ‘Recycled’ Grocery Bag Might Not Have Been Recycled
  by Yves Smith 2:58 am

• The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point
  by Yves Smith 1:06 am

March 24, 2023

• 2:00PM Water Cooler 3/24/2023
  by Lambert Strether 2:00 pm

• Artificial Intelligence in Medicare Advantage Plans Impedes Access to Care
  by Yves Smith 9:38 am

• Links 3/24/2023
  by Yves Smith 6:58 am

• Crash Landing? Part 2 – The Usual Suspects
  by Yves Smith 6:54 am

• The Pushback Against Biometric Surveillance and Control Systems Is Growing on Both Sides of the Atlantic
  by Nick Corbishley 6:45 am

• What’s Actually Behind the Banking Crisis? Why You Pay When They Play.
  by Yves Smith 6:15 am

March 23, 2023

• 2:00PM Water Cooler 3/23/2023
  by Lambert Strether 2:00 pm

• Energy Transition Advocates Get A Reality Check
  by Yves Smith 9:55 am

• Links 3/23/2023
  by Yves Smith 6:59 am

• Crash Landing? Part 1 – Bonfire of the Banks
  by Yves Smith 6:54 am

• The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike
  by Yves Smith 6:53 am

• Kshama Sawant: Workers Strike Back
  by Yves Smith 6:07 am

March 22, 2023

• 2:00PM Water Cooler 3/22/2023
  by Lambert Strether 2:00 pm

• How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation
  by Yves Smith 9:55 am

• Eurasian Integration Including Iran Proceeds Despite US “Maximum Pressure” Campaign 
  by Conor Gallagher 9:35 am

• Links 3/22/2023
  by Lambert Strether 6:58 am

• How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis
  by Yves Smith 6:35 am

• Medicare Advantage Uses Algorithms to Block Care for Seniors
  by Yves Smith 12:56 am

March 21, 2023

• 2:00PM Water Cooler 3/21/2023
  by Lambert Strether 2:00 pm

• Secession Is Here: States, Cities and the Wealthy Are Already Withdrawing from America
  by Yves Smith 9:55 am

• Links 3/21/2023
  by Yves Smith 6:55 am

• Some US Farmers Get Behind Mexico’s GMO Corn Ban, Reports Mexican Daily La Jornada
  by Nick Corbishley 6:45 am

• Lack of Grownups in the Room Exacerbates Bank Freakout
  by Yves Smith 6:23 am

• Why is America So Anti-City? It Holds Back the Entire Country
  by Yves Smith 4:54 am

March 20, 2023

• 2:00PM Water Cooler 3/20/2023
  by Lambert Strether 2:00 pm

• California’s Covid Misinformation Law Is Entangled in Lawsuits, Conflicting Rulings
  by Yves Smith 9:55 am

• Links 3/20/2023
  by Conor Gallagher 6:55 am

• Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse
  by Yves Smith 6:45 am

• Turkey’s Opposition Leads in the Polls. Would They Move the Country Closer to the West? 
  by Conor Gallagher 6:00 am

• Minnesota Becomes 4th State to Provide Free School Meals to All Kids
  by Conor Gallagher 5:55 am

March 19, 2023

• Links 3/19/2023
  by Conor Gallagher 6:55 am

• Are Oil Stocks Too Good For ESG Investors To Pass Up?
  by Conor Gallagher 6:45 am

• Interest Rate Hikes and IMF Bailouts: the US Tries to Roll Back Chinese Influence in the Global South
  by Conor Gallagher 6:00 am

March 18, 2023

• Links 3/18/2023
  by Yves Smith 6:55 am

• The Iraq War 20 Years On: End of the US’s Post-9/11 Neoconservative Dream
  by Yves Smith 6:30 am

• The U.S. and UK’s Submarine Deal Crosses Nuclear Red Lines with Australia
  by Yves Smith 6:22 am

March 17, 2023

• 2:00PM Water Cooler 3/17/2023
  by Lambert Strether 2:00 pm

• Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage
  by Yves Smith 9:55 am

• Links 3/17/2023
  by Lambert Strether 6:55 am

• Were the Bank Bailouts the Result of Rising Wealth Concentration?
  by Yves Smith 6:53 am

• The Central Bank of Nigeria Just Paused Its Demonetisation Program After Visiting Untold Damage on Nigeria’s Economy
  by Nick Corbishley 6:45 am

• The High and Getting Higher Cost of Renting in the US
  by Yves Smith 5:22 am

March 16, 2023

• 2:00PM Water Cooler 3/16/2023
  by Lambert Strether 2:00 pm

• Norfolk Southern CEO Makes Obligatory Congressional Appearance But Doesn’t Commit to Rail Safety Changes
  by Yves Smith 9:55 am

• Links 3/16/2023
  by Yves Smith 6:58 am

• Michael Hudson Talks to Ben Norton About SVB and Bank Failures
  by Yves Smith 6:12 am

• The Not-So-Winding Road from Iraq to Ukraine
  by Yves Smith 5:15 am

• SVB and the Only Choice We Have
  by Yves Smith 4:07 am

March 15, 2023

• 2:00PM Water Cooler 3/15/2023
  by Lambert Strether 2:00 pm

• Escape from Muddle Land
  by Yves Smith 9:55 am

• Links 3/15/2023 Ides of March
  by Yves Smith 6:55 am

• How Does SARS-CoV-2 Cause Disease? A Current Report
  by Yves Smith 5:49 am

• Hoisted from Comments: Rosneft Refinery in Schwedt Continues to Be a Microcosm of Europe’s Sanctions-Induced Energy Mess
  by Yves Smith 4:49 am

• Why China Is Unlikely to Invade Taiwan
  by Yves Smith 3:54 am

March 14, 2023

• 2:00PM Water Cooler 3/14/2023
  by Lambert Strether 2:00 pm

• The Role of Default Settings in Online Searches: Challenging Google Dominance
  by Yves Smith 9:55 am

• Links 3/14/2023
  by Lambert Strether 6:58 am

• Silicon Valley Bank Fallout Nudges World’s Most Troubled Systemic Lender, Credit Suisse, Closer to Edge
  by Nick Corbishley 6:45 am

• Satyajit Das: SVB Collapse and Bank Turmoil – Latest Chapter in the Unwinding
  by Yves Smith 5:28 am

• US ‘Imperial Anxieties’ Mount Over China-Brokered Iran-Saudi Arabia Diplomatic Deal
  by Conor Gallagher 5:00 am

March 13, 2023

• WHO as Arrogant and Blinkered as Ever on #CovidIsAirborne, Tweets by Comms Director Gabby Stern Show
  by Lambert Strether 3:25 pm

• 2:00PM Water Cooler 3/13/2023
  by Lambert Strether 2:00 pm

• Links 3/13/2023
  by Lambert Strether 6:55 am

• Feds Move to Rein In “Prior Authorization”, a System Private Health Insurance Use That Harms and Frustrates Patients
  by Lambert Strether 6:48 am

• Bankruptcies Soar Across EU, As Companies Hit Wall At Fastest Rate Since Records Began in 2015
  by Nick Corbishley 6:45 am

• US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare
  by Yves Smith 3:41 am

March 12, 2023

• Old Man Yells at Mush-Mouth Verbiage
  by Lambert Strether 2:55 pm

• Links 3/12/2023
  by Lambert Strether 6:55 am

• Investing in Influence
  by Lambert Strether 6:50 am

March 11, 2023

• Links 3/11/2023
  by Lambert Strether 6:55 am

• Silicon Valley Bank Fails, With Deposits of Many Venture-Backed Companies Frozen. How Bad Will the Fallout Be?
  by Yves Smith 1:00 am

• The Case Against Animal Individualism
  by Yves Smith 12:51 am

March 10, 2023

• 2:00PM Water Cooler 3/10/2023
  by Lambert Strether 2:00 pm

• Body Dysmorphic Disorder Is More Common than Eating Disorders Like Anorexia and Bulimia, Yet Few People Are Aware of Its Dangers
  by Yves Smith 9:55 am

• Links 3/10/2023
  by Yves Smith 6:55 am

• Mexico’s President AMLO Sends Strong Message to US Neocons: Mexico Is Nobody’s Colony
  by Nick Corbishley 6:45 am

• Fed Hawkishness, Crypto Implosion, and Private Equity Subscription Lines of Credit Imperil Silicon Valley Bank and Freak Out Bank Stock Investors
  by Yves Smith 6:25 am

• Ayn Rand vs. Elinor Ostrom: The Fight for the Future of Social Media
  by Yves Smith 5:34 am

March 9, 2023

• 2:00PM Water Cooler 3/9/2023
  by Lambert Strether 2:00 pm

• A Feminist Demand on International Women’s Day: Fire Victoria Nuland
  by Yves Smith 9:55 am

• Links 3/9/2023
  by Lambert Strether 6:55 am

• The Financial Times’ Martin Wolf Worries About Europe’s Future but Oddly Not the US’
  by Yves Smith 6:54 am

• How Does JK Galbraith’s The New Industrial State Hold Up After 6 Decades?
  by Yves Smith 4:34 am

• Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely
  by Yves Smith 3:56 am

March 8, 2023

• 2:00PM Water Cooler 3/8/2023
  by Lambert Strether 2:00 pm

• Workers’ Responses to the Threat of Automation
  by Yves Smith 10:10 am

• Links 3/8/2023
  by Yves Smith 6:58 am

• “How Stupid Do They Think We Are?” Nord Stream Pipelines Bombing Edition
  by Yves Smith 6:57 am

• The West Goes After LNG in Mozambique Despite Regional Violence That Has Displaced Close to a Million People
  by Conor Gallagher 6:35 am

• Biden Administration Urged to Take More Aggressive Steps to Relieve Medical Debt
  by Yves Smith 5:07 am

March 7, 2023

• 2:00PM Water Cooler 3/7/2023: Eric Adams Edition
  by Lambert Strether 2:00 pm

• Equality and Equity
  by Yves Smith 9:55 am

• Links 3/7/2023
  by Lambert Strether 6:55 am

• Wall Street Journal: “US Is Not Yet Ready for Great Power Conflict” Yet Still Plots Against China
  by Yves Smith 6:45 am

• Mexico’s President AMLO Floats Plan to Form Anti-Inflation Alliance in Latin America
  by Nick Corbishley 6:45 am

• Why Student Debt Cancellation Is Reasonable, Not Radical
  by Yves Smith 3:34 am

March 6, 2023

• 2:00PM Water Cooler 3/6/2023
  by Lambert Strether 2:00 pm

• Links 3/6/2023
  by Conor Gallagher 6:55 am

• Coups, Chaos, and the Crumbling of the Francafrique: the Widening War between East and West in Africa’s Sahel
  by Conor Gallagher 6:00 am

• America’s Chips War With China: Another Sanctions Backfire Coming?
  by Yves Smith 5:21 am

• Wolf Richter: US Natural Gas Production Surges to Record in 2022, Up 33% from 2017. LNG Exports Hit Record Despite Freeport Terminal Shutdown
  by Conor Gallagher 2:00 am

• What If the World Cannot Save the World from Climate Change?
  by Yves Smith 1:57 am

March 5, 2023

• Links 3/5/2023
  by Conor Gallagher 6:55 am

• The Widening War: How the Nato-Russia Confrontation Is Playing Out in North Africa
  by Conor Gallagher 6:50 am

• Breached Dam, Incineration of Soil Flood East Palestine With Fresh Fears of Toxins
  by Conor Gallagher 6:00 am

March 4, 2023

• Links 3/4/2023
  by Yves Smith 6:55 am

• Secret Power and the Persecution of Julian Assange
  by Yves Smith 6:49 am

• Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’
  by Yves Smith 6:30 am

March 3, 2023

• 2:00PM Water Cooler 3/3/2023
  by Lambert Strether 2:00 pm

• New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things
  by Yves Smith 9:55 am

• Links 3/3/2023
  by Lambert Strether 6:55 am

• Tesla’s Newly Announced “Gigafactory” in Northern Mexico Already Has a Serious Problem: Water Scarcity
  by Nick Corbishley 6:45 am

• Why Biden Snubbed China’s Ukraine Peace Plan
  by Yves Smith 6:30 am

• At the Brink of War in the Pacific? The Nightmare of Great Power Rivalry Over Taiwan
  by Yves Smith 5:54 am

March 2, 2023

• 2:00PM Water Cooler 3/2/2023
  by Lambert Strether 2:00 pm

• The Fiscal Side of Europe’s Energy Crisis: The Facts, Problems and Prospects
  by Yves Smith 9:55 am

• Links 3/2/2023
  by Yves Smith 6:55 am

• Ukraine, Russia, China, and Dealing With Crazy People
  by Yves Smith 6:54 am

• Salve Lucrum: The Existential Threat of Greed in US Health Care
  by Yves Smith 4:53 am

• Identifying the Real Resistance
  by Yves Smith 3:53 am

March 1, 2023

• 2:00PM Water Cooler 3/1/2023
  by Lambert Strether 2:00 pm

• Losing Out in Critical Technologies: Cisco Systems and Financialization
  by Yves Smith 9:55 am

• Links 3/1/2023
  by Lambert Strether 6:55 am

• The Crisis in Scientific Publication: Peer Review, Authorship, Responsibility, and the Future of Science
  by Yves Smith 6:22 am

• How Private Equity Bribes Public Pension Fund Officials: Subsidized/Fund-Paid Lavish Travel and Entertainment
  by Yves Smith 5:52 am

• Why News of Population Decline and Economic Slowdown Isn’t Necessarily a Bad Thing
  by Yves Smith 4:51 am