Author Archives: Yves Smith
Why It’s Time to Declassify the Documents From Trump’s Basement
It’s time for “Show me the documents” in the fight over records Trump had at Mar a Lago and the Feds took back, alleging serious misconduct
Read more...‘Culture Has Lost the Ability to Grasp the Present’
An extract from Mark Fisher’s ‘Ghosts of My Life’ discusses how culture has hit the pause button.
Read more...Mark Ames: Why Finance Is Too Important to Leave to Larry Summers
Mark Ames’ biting classic is a reminder that Larry Summers, like so many prominent economists, has become too big to fail.
Read more...Using the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply Shock
The G7 plans to use its payments system to enforce a Russian oil price cap, because that worked so well in the shock and awe sanctions.
Read more...Congressional Sausagemaking, or How Inflation Reduction Became Fossil Fuel Export Promotion
How Manchin and Sinema got dirty energy goodies and financier breaks into the Inflation Reduction Act.
Read more...The Russian Situation Comedy Is No Lying Matter – The Joke Is on the Office of Foreign Assets Control
How Russian comedy producers and broadcasters are laughing their way to the bank thanks to Western sanctions.
Read more...US Is Becoming a ‘Developing Country’ on Global Rankings that Measure Democracy, Inequality
High levels of inequality are correlated with poor social indicators, so the US falling in global scores should come as no surprise.
Read more...Speculation Over What Russia Does Next
Russia, as in Putin, is under pressure to amp up the Ukraine war. Will he be able to hold out?
Read more...Liberalism Is Not the Opposite of Conservatism
How debates over liberalism and conservatism obscure the core issue: Why does capital control labor, and not labor capital?
Read more...Gasoline Demand Destruction Accelerates Despite Plunge in Prices: Consumption Drops to August 1997 Level
Gasoline purchases show a softening economy, but the Fed is likely to ignore that memo.
Read more...Yippie! Met Our Fifth Goal, and on to the Sixth: Expanding Our Reach
On to a new goal: expanding our reach to counter the effects of an environment hostile to independent voices.
Read more...Bernie Sanders to Warren Buffett: Give Rail Workers Better Conditions to Avoid Strike
Buffett’s huge railroad gains versus the terrible pay and benefits for rail workers curiously go unmenitoned by Team Dem as a strike looms
Read more...The Scientific Response to COVID-19: What Does the Biomedical Literature Say?
A look at what passes for research on Covid, and how we got there.
Read more...Olaf Scholz and Vladimir Putin Talk Past Each Other as Ukraine Pushes for Formalizing Ukraine’s NATO Lite Status
NATO is saber-rattling at Putin and the Russian leadership. Will Russia escalate or wait to see NATO’s cards?
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