Author Archives: Yves Smith

BuzzFeed Faces Existential Crisis After Burning Through Nearly All of $700 Million of Investor Money

What does BuzzFeed do now?

Why Workers Are Up in Arms Over the Biden Rail Strike Intervention

Biden and Team Dem held fast to their anti-worker loyalities by stomping on a rail strike without also providing for paid sick leave.

Links 12/7/2022

RNA-Based Therapeutics and the Future of Clinical Medicine: A Promising Part of the Emerging Story

An overview of RNA-based therapeutics, which are not to be confused with mRNA vaccines.

A New Era for Germany’s Gas Industry Fuels Climate Fears

Moves to end energy dependence on Russia are a win for the gas lobby, locking Germany into the global market for liquefied natural gas.

Rich Nations Doubly Responsible for Greenhouse Gas Emissions

How the greenhouse gas emissions blame game pits advanced economies against developing ones.

Links 12/6/2022

Ukraine War: Turkey Is the Pivot Point Between Russia and the US – History Shows Us Why

A perhaps too glib and US-favoring read on Turkey-Russia relations.

Pharmaceutical Drugs at Cost + 15%? It’s Here Now

A way out of price gouging on drugs?

Earth to Reporters: Why Is No One Asking SBF What Happened to the $3.3 Billion He Borrowed?

Journalists are ignoring an obvious and damaging line of questioning with SBF. Of course, the “damaging” part may be why they are punting.

New Global Estimates on Profits in Tax Havens Suggest the Tax Loss Continues to Rise

Quelle surprise! Despite EU and US initiatives to curb corporate use of tax havens, big companies continue to fatten their wallets.

Links 12/3/2022

“Jobs Are Up! Wages Are Up! So Why Am I as an Economist so Gloomy?”

Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.