Author Archives: Yves Smith

Early Alert for an Early Fundraiser!

Get out your noisemakers and party hats! The epic annual Naked Capitalism fundraiser is coming soon!

Links 8/27/2022

How Climate Change Spurs Megadroughts

Why megadroughts are becoming part of the new normal.

The Bank of England Increasing Interest Rates to 4% – As Markets Expect – Could Be Enough To Bring the Whole Economy Down

The Bank of England is in “Burn the village to save it” mode via interest rate increases which do little to address the causes of inflation.

Thanks to Manchin, IRA’s Methane Fee on Big Oil Is Riddled With Massive Holes

The IRA methane emissions penalty “was weakened so that it applies to basically no one,” said one climate campaigner.

Ilargi: EU – Controlled Demolition

Puzzling why the EU seems determined to drive itself off a cliff.

Record Number of US Households Behind on Energy Bills; Brace for a Cold Winter

Americans haven’t suffered the same level of energy price increases as the UK and Europe, yet a record number of households are buckling.

Yet More Medically Bogus Covid Vaccine Profiteering: Requiring “Primary” Covid Shots to Get Omicron “Booster”

More botched Covid vaccine policy, lending support to suspicion that the real aim is lining the pockets of drug companies, not public health.

A New US Data Privacy Bill Aims To Give You More Control Over Information Collected About You – and Make Businesses Change How They Handle Data

A new data privacy law is in the works, at least in part due to more stringent rules in Europe. But could it have unintended side effects?

Links 8/24/2022

Biden’s Gimmie to the Higher Educational Complex and Well-Off, Dem Leaning Voters: The $10,000 Student Loan Writeoff

There’s a lot not to like about the Biden student loan forgiveness scheme.

Iran And Russia Move To Create A Global Natural Gas Cartel

The emerging Russia-Iran gas OPEC is yet another threat to Western economies.