The Oil Industry’s Downstream Nightmare Is Here To Stay
Another oil and gas crisis problem: inadequate refinery capacity.
Read more...Author Archives: Yves Smith
“One Reason Republican Lies About the Climate Crisis Work”
Republicans use the fact that tackling climate change will impose costs as a reason not to go there, while Dems largely finesse the issue.
Read more...Sanctions Now Weapons of Mass Starvation
US/allied sanctions against Russia have not achieved their objectives but are worsening economic stagnation, inflation and hunger worldwide.
Read more...Links 6/1/2022
Giant Tech Firms Plan to Read Your Mind and Control Your Emotions. Can They Be Stopped?
Author and law professor Maurice Stucke explains why Big Tech practices are so dangerous and what’s really required to rein them in.
Read more...Gresham’s New Law – In War There Is No Law
Gresham as an introduction to some of the key financial players in Russia.
Read more...Links 5/31/2022
EU Continues to Try to Hurt Russia by Shooting Itself in the Foot
Amazement that the EU is engaging in yet more self harm to try to damage Russia.
Read more...CalPERS Staff in Fury Over Covid Negligence, Regulation-Breaking Risking Staff, Seniors, and Day-Care Children; CalPERS Lies About Cases and Lack of Compliance
CalPERS has risen from being a risk to merely to the financial health of beneficiaries and taxpayers to being a bona fide health hazard.
Read more...A Sad Day in Kentucky: Judge Philip Shepherd Recuses Himself from Kentucky Retirement Systems Case
The big Wall Street defendants in the seemingly never-ending Mayberry v. KKR saga, over charges of breaches of fiduciary duty, fee grifting, and other bad behavior, got a big break due to a remarkably lame error by the presiding judge, Philip Shepherd. His being assigned to the case in 2017 was seen as offering some […]
Read more...Link 5/28/2022
The War Nerd: NATO, A Memoir
NATO….how exactly did we get here?
Read more...Our Global Economic System Is Broken. Are We Headed for a Mass Revolt?
An increase in global hunger, combined with the rich getting even richer, would seem to set the stage for revolt. But is that in the cards?
Read more...Getting Out of the Rat Race: Is an “Age of Leisure and Abundance” Possible?
Why can’t we have nice things like leisure time?
Read more...Understanding the Global Rise in Inflation
How high demand for traded goods is generating inflation, and central banks hitting the brakes is likely to hit growth unnecessarily hard.
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