Author Archives: Yves Smith
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.
Read more...Pharmaceutical Drugs at Cost + 15%? It’s Here Now
A way out of price gouging on drugs?
Read more...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.
Read more...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.
Read more...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.
Read more...Book Review: An Unflinching Critique of the Eugenics Movement
In “Control,” geneticist Adam Rutherford grapples with the dark history of eugenics and now its engineered implementation.
Read more...State of Big Tech 2022: Dismantling National & Global Digital Enclosures
From fintech to food systems to social media, the State of Big Tech offers a blueprint for the 99% to break privatized status-quo enclosures.
Read more...Biden Keeps Up Tough Talk on Ukraine Despite Evidence of Failure
The collective West is having a wee bit of trouble with facts on the ground in Ukraine.
Read more...Hot Air Versus Hot Cash – The Europeans Prefer Russian LNG To US LNG
Yves here. The literature on cognitive biases has many examples of how presenting the same economic proposition in different terms, such as insurance versus a bet, will elicit different responses. Here we has the Russian gas cognitive bias. If it comes via a dedicated pipeline, as in no way, no how can Europeans kid themselves […]
Read more...Announcing Mini Fundraiser and Launch of Payment Kludge!
We are breaking from our usual practice of only one fundraiser a year to have a mini-event. We hope you are in a festive mood and will include this humble site in your holiday giving. When we launched our big event early, as in over Labor Day weekend, we said we might hold a second […]
Read more...Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense
Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)
Read more...Links 12/1/2022
Will Full Gas Stores Save Europe From An Energy Emergency?
Sad to see the state of what passes for informed commentary on the European gas squeeze.
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