Author Archives: Yves Smith
French Snap Elections: ‘Cohabitation’ Could Reshuffle the Cards Between President and Prime Minister
What are the practical consequences if French President Emmanuel Macron’s centrist bloc fares poorly in the upcoming snap elections?
Read more...Michael Hudson: US Cryptocurrency as an Offshore Banking Center
Yet another cryptocurrency scheme, here for its major use case, tax evasion. But for a good cause, the US dollar!
Read more...“Debilitating a Generation”: Expert Warns That Long COVID May Eventually Affect Most Americans
Some updates on long Covid make for an indictment of US public health. Not that that should come as a surprise.
Read more...Western Officials and Press Starting to Acknowledge Impact of Russian Electric War on Ukraine
The Anglospehere press is slowly waking up to the relentlessness and effectiveness of Russia’s electric war in Ukraine.
Read more...Biofuels Manufacturing Found To Be a Significant Source of Hazardous Air Pollution
Biofuels plants emit serious nasties like formaldehyde.
Read more...Intrigue About Exit of Mustafa Nayyem, Ukraine Restoration Funding Chief and Maidan Revolt Instigator, Diverts Attention from Boneheadness of the Scheme
An overdue discussion of the Ukraine restoration con, with tooth-gnashing over the exit of Mustafa Nayyem as a tell.
Read more...“Dollar Doomsters Have Got It All Wrong”
Why reports of the [imminent] death of the dollar are greatly exaggerated.
Read more...Corporate Landlords’ Profits Soar as Tenants Drown in Rent Hikes and Fees
Cheerleading about a flat CPI ignores the housing, with tenants generally and the ones with corporate landlords not getting relief
Read more...Heatwaves Ripple into the Financial System
Heat stress affects the financial system by increasing defaults and producing tighter lending terms to others in the same area.
Read more...New York Cannabis Program Becomes Field Day for Private Equity Exploitation, Including Predatory Loans, Overpriced Leases to Store Owners
Staffers red-flagged inflated costs and default risks for startup cannabis retailers —to be ignored by officials keen to get money flowing
Read more...Biden Plan to Save Medicare Patients Money on Drugs Risks Empty Shelves, Pharmacists Say
The Biden plan to squeeze the Medicare drug pricing balloon has merely led it to bulge out in a different place.
Read more...US Jury Holds Chiquita Liable for Colombian Death Squad’s Murder of Banana Workers
A rare bit of justice, and perhaps also US consciousness raising, over corporate backed murder abroad.
Read more...Buzzer Beater – Russian General Staff Aims at Ending the Ukraine by Electric War
The Western press is largely ignoring Russia’s destruction of Ukraine’s electric system, which will bring Ukraine to its knees
Read more...The Russian Endgame in Ukraine and European Resistance to “Right Wing” Advances: A Thought Experiment
How the unexpected success of right wing parties in France, Germany, and Austria might be focusing a few minds about Russia.
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