Author Archives: Yves Smith

Arctic Greening Won’t Save the Climate – Here’s Why

Why arctic greening is yet another feel-good idea that does not pan out in practice.

Links 3/30/2022

Ukraine Updates and More Discussion of the Russia “Gas for Roubles” Countersanction

Gazprom is scheduled to announce what its roubls-for-gas payments stipulations are, even though most Western countries said no, sight unseen.

“Dollar Hegemony Ended Last Wednesday”: Michael Hudson Interviewed by Margaret Flowers on Clearing the Fog

Michael Hudson continues to discuss how Western sanctions are undermining the central role of the dollar in US economic dominance.

Under the Sea, a Hidden Climate Variable: Thawing Permafrost

Carefully mapping the changing topology of the Arctic Ocean floor, scientists are racing to study submarine permafrost.

War or Peace, Barbarism or Hope: War Threatens World with Stagflation

A short hisory of stagflation and why it’s a pressing risk now.

Links 3/29/2022

NATO-Russia Proxy War – Revealing Signs of a Fading America: Michael Hudson

Michael Hudson continues his political and financial analysis of the war in Ukraine.

US Natural Gas Production and LNG Exports Amid Urgent Demand for LNG from Europe

Europe will compete with the biggest buyers of US LNG: South Korea, China, Japan, Brazil. But Mexico bought more than all four combined.

Rationing Looms As Diesel Crisis Goes Global

Diesel shortages are on the way to becoming so serious that they’ll first create inflation and then slow demand.

Links 3/26/2022

Michael Hudson Talks with the Saker About the Russian Counter-Sanction of Paying for Its Gas With Roubles

Michael Hudson answers the Saker’s questions about the ramifications of Russia’s “gas only for roubles if you have been mean to us” measure.

Corporations Are Suppressing Wages—There’s a Fix for That

Don’t buy the hype about wages rising naturally About 1/3 of American workers are underpaid due to the refusal to raise the minimum wage.