Ukraine Endgame Accelerates as Congress Denies Any Funding in Stopgap Bill and Fico Wins in Slovakia Vote
Project Ukraine is going wobbly.
Read more...Author Archives: Yves Smith
Links 9/30/2023
Everyone Versus Google: Will Big Tech Be Held Accountable?
Google is in the hot seat, but it’s going to be a “big fight,” warns antitrust expert Mark Glick.
Read more...Human Prehistory: How Can We Understand the Passage of Time?
A meditation on prehistory.
Read more...The Neoclassical Growth of China
A model finds that China closely tracked the trajectory of Japan, South Korea, and Taiwan. Does this claim hold up to close scrutiny?
Read more...Links 9/29/2023
IM Doc on the Corruption of Public Health and the Breakdown of Medical Practice in the US
Sadly, famed short seller David Einhorn’s saying applies to US public health: “No matter how bad you think it is, it’s worse.”
Read more...Kick Start or Kick Over — Can The US Defeat Russia in the Lithium Battery War?
Russia’s substantial lithium reserves and very competitive production costs imply that Russia will soon become a critically important source.
Read more...$100 Oil Is Bad For The Economy (And For OPEC+)
$100 a barrel oil does not bode well for the economy in the US and even more so around the world. What might the political fallout be?
Read more...The State of Antitrust and the FTC’s Case Against Amazon
The FTC suit against Amazon argues the online giant coerced its online merchants. How does that map against antitrust law?
Read more...US Home Insurers Are Leaving Climate Risk Areas. We Need Affordable Housing Now
When the US housing crisis meets the looming insurance crisis, only government intervention will avert catastrophe.
Read more...Too Late to Not Nominate Biden
Biden’s refusal to step down assures chaotic outcomes. It is hard to see how he can win and hard to see how Trump would be permitted to win.
Read more...Deceit Pays Dividends: How CEO Lies Can Boost Stock Ratings and Fool Even Respected Financial Analysts
Reaching not-necessarily-sound conclusions from turning a supposed lie-detecting AI on CEO earnings calls and analyst ratings.
Read more...Foreign Bodies: Pandemics, Vaccines and the Health of Nations
Simon Schama’s book on pandemics and vaccines is highly informative, although KLG takes issue with Schama’s defense of Anthony Fauci.
Read more...Consulting Ethics: McKinsey Pays Additional $230 Million Opioid Settlement, Bringing Total to $870 Million
McKinsey’s latest payoff to avoid admiting culpability reveals some of the inherent problems with high-end management consulting.
Read more...