Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely
Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
Read more...Author Archives: Yves Smith
Workers’ Responses to the Threat of Automation
How effectively do workers perserve their position relative to automation?
Read more...Links 3/8/2023
“How Stupid Do They Think We Are?” Nord Stream Pipelines Bombing Edition
Shameless Nord Stream spin.
Read more...Biden Administration Urged to Take More Aggressive Steps to Relieve Medical Debt
The Biden Administration has yet to take comparatively easy steps to reduce medical debt abuses.
Read more...Equality and Equity
How a word like “equality” has become a bit of a minefield.
Read more...Wall Street Journal: “US Is Not Yet Ready for Great Power Conflict” Yet Still Plots Against China
The US seems obsessed with China, yet effectively admits it is behind and unlikely to catch up. And it too quickly dismisses Russia.
Read more...Why Student Debt Cancellation Is Reasonable, Not Radical
Discuss: “The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough.”
Read more...America’s Chips War With China: Another Sanctions Backfire Coming?
Biden Administration officials are pleased as punch with their targeting of China’s supposed Achilles heel: dependence on US designed chips.
Read more...What If the World Cannot Save the World from Climate Change?
How climate change reveals a crisis of international governance.
Read more...Links 3/4/2023
Secret Power and the Persecution of Julian Assange
Stefania Maurizi’s “Secret Power: Wikileaks and its Enemies” chronicles Wikileaks’ publications and the dehumanization of Julian Assange.
Read more...Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’
Post East Palentine rail safety reform proposals are embarrassingly unserious.
Read more...New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things
Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.
Read more...Why Biden Snubbed China’s Ukraine Peace Plan
The US doth protest too much over China’s napkin doodle peace principles. Why the defensiveness?
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