Author Archives: Yves Smith
Wall Street Journal Tries to Analyze Not-Great Data on US Immigration, Generating Reader Pushback
An attempt by the Wall Street Journal to mine data on immigration falls short by not providing strong enough caveats.
Read more...Bloodletting in Semiconductor Stocks Kicks Off September: Nvidia -11.7% Regular & Late Trading, Stock Market Cap Drops by Half a Tesla
The Nasdaq Composite dropped 3.3% yesterday. If the tech stock index declines another 6.7%, it’ll be back to November 2021.
Read more...Who Are the Global Super-Rich of Tomorrow? We Interviewed Teens at One of the World’s Most Expensive Schools to Find Out
Gee, even super-rich kids have trouble deciding what they want to be when they grow up.
Read more...Links 9/3/2024
Naked Capitalism’s Skunk Party Manifesto Finds a Home in the New Kentucky Party
The Skunk Party Manifesto explained how the best political system money can buy is great for its customers and lousy for the rest of us
Read more...This Labor Day, Working Families’ Earned Social Security Benefits Are at Risk
A reminder that it would not be hard to “save” and even expand Social Security, save the reluctance to tax the rich a smidge more.
Read more...Michael Hudson: Debt, Economic Collapse and the Ancient World
Robinson Erhardt conducts a wide-ranging discussion of Michael Hudson’s work, including the social cost of debt bondage and rentierism
Read more...Links 8/31/2024
The Problem with AI
Why AI is likely to have more limited use than boosters anticipate, particularly in replacing professionals like teachers and accountants.
Read more...Beijing and Washington Clash Over Russia Sanctions
The US continues to talk at, rather than with, China about its close ties to Russia.
Read more...Holiday Weekend Coverage
We are kicking back a wee bit this Labor Day holiday weekend and hope you can too!
Read more...Rob Urie: Kamala Harris is the New Face Being Put on America’s Wars
An unvarnished assessment of what a Kamala Harris presidency would amount to.
Read more...Activists Link Climate Change, Gaza in a Campaign Targeting Citigroup
Protesters are pushing Citigroup to divest from fossil fuels and companies that are sending arms to Israel.
Read more...Why Poverty Reduction Under Capitalism Is a Myth
A full-throated critique of the claim that capitalism benefits the poors.
Read more...