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.
Read more...Author Archives: Yves Smith
Iran And Russia Move To Create A Global Natural Gas Cartel
The emerging Russia-Iran gas OPEC is yet another threat to Western economies.
Read more...Most Bleak Federal Report Yet on High-Tide/Sunny-Day Tide Floods
Tide floods on otherwise normal high tide days are yet another global warming warning sign.
Read more...Links 8/23/2022
The Hope of What Was Once Called a Decent Living Has Departed for the Average Household
The UK is a serious and worsening cost of living crisis that’s impoverishing the former middle class. What will the political fallout be?
Read more...China as a Developmental State: Indigenous Innovation and Global Competition
China chose a successful technological development path, in contrast to the corporate financialization model in the United States.
Read more...Republicans Are Being Mean to the IRS, Not That the Democrats Are Helping
It may seem peculiar to offer a defense of sort to the IRS, since most people here regard doing their taxes with even less enthusiasm than a visit to the dentist (although attitudes depend very much on the state of one’s finances and teeth). However, the reporting on the Democratic Party plan to increase IRS […]
Read more...Europe’s Gas Price Is Now Equivalent To $410 Per Barrel Of Oil
How LNG scarcity is playing into Europe’s gas woes, and other markets are set to feel the effects of the LNG price squeeze.
Read more...Links 8/20/2022
Companies Are Paying Inflation Busting Dividends at Cost to the Rest of the Economy, Including Their Employees
How companies are paying dividends rather than investing in their business or paying employees better……and often borrow to do so.
Read more...Abortion Is Shaking Up Attorneys General Races and Exposing Limits to Their Powers
Abortion has heated up normally sleepy state and local attorney general races.
Read more...Will the Inflation Reduction Act Actually Reduce Inflation? How Will the Corporate Minimum Tax work? An Economist Has Answers
A look at some of the tax and tax collection changes in the Inflation Reduction Act.
Read more...Links 8/19/2022
Scientific Research and the Unforeseen World: Why Basic Research is Essential
How the current process of funding science discourages basic research and makes fundamenal breakthroughs less likely.
Read more...10 Years a Detainee: Why Some Spend Years on Rikers, Despite Right to Speedy Trial
Rikers Island was designed to hold people accused of crimes less than a year. Why have some been there for six, eight and even 10 years?
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