Author Archives: Yves Smith

IPCC Adaptation Report: It’s Later Than You Think

“It’s now or never, if we want to limit global warming to 1.5C,” IPCC Working Group III co-chair Jim Skea announced.

Is Today’s Energy Shortage Worse Than The 1970s Oil Crisis?

The energy outlook, particularly for Europe, is not very cheery.

A Sobering View of High Fuel Prices, Green Energy, and Biden’s Plans to Help Europ

An assessment of current economic conditions, including rising prices, how long the pain might last, and possible paths forward.

Michael Hudson: The Dollar Devours the Euro

Michael Hudson argues that the euro and European economic independence are intended US targets for the war in Ukraine.

Pennsylvania Public Pension Fund Trustee Katie Muth Has to Sue to Find Out What Fund Is Investing In

Proving how deep intransigence runs among public pension fund staff, PennPSERS trustee Katie Muth is suing to find out what the fund owns.

Never-Ending Costs: When Resolved Medical Bills Keep Popping Up

Yet another way hapless citizens get hit with unwarranted and abusive medical bills.

Global Supply Chain Risk and Resilience

Are experts whistling in the dark about the coming odds of fundamental restructuring of many supply chains?

Links 4/6/2022

ExxonMobil Announces $10 Billion Oil Investment the Same Day IPCC Signals End for Fossil Fuels

uelle surprise! Big oil is not giving up.

The French Election Is All About Imperialism. Here’s Why

How media oligarchs have been moving French voters, and with them, mainstream parties, to the right.

Sanders Hails Growing Union Movement as Threat to ‘Oligarchy and Corporate Greed’

As Sanders celebrates the Amazon union victory, some billionaire overlords are getting testy.

Links 4/5/2022

China – A Sub-Imperial Ally of the West?

IMichael Hudson and Patrick Bond debate the trade posture of China, such as whether its Belt and Road initiative is capitalist or socialist

Climate Science and Financial Risk: Forging a Path to More Climate-Resilient Businesses

Is the search for better valuations of climate risks to help businesses reducing global emissions an exercise in self-delusion?