The Golden Goose: The Consequences of Trump’s War on American Universities
A bug or a feature? The Trump plan to cap NIH/NSF grant indirect overheads is a gut punch to the economics of top universities.
Read more...Author Archives: Yves Smith
Trump’s Shock Doctrine: Uncertainty and the Repudiation of Contracts
How Trump’s economic revolution and the uncertainty it is creating are already wreaking havoc.
Read more...KLG: The Engineering Ideal in Biology and Its Utility or Disutility
How the engineering ideal in biology, already taken further than is realistic, has become a foundation for the quest for eternal life.
Read more...Chaos Theory: Assessing the Legal Validity of Trump’s Tariffs
A look at the legality of Trump tariffs. Sadly, another proof that international law does not count for much in practice.
Read more...Mr. Treasury Market Tells Fed It Is Even More Worried About Inflation
The Fed vigorously backpedaled on further cuts, pivoting to wait-and-see, due to long-term rates signaling inflation concerns.
Read more...Imperialism (Still) Rules
Many in the West now deny imperialism. But even the Economist now sees Trump’s revival of this US legacy.
Read more...Links 2/11/2025
KLG: “If the Overhead Cuts to NIH and NSF Grants Go Through Without Changes, Academic Biomedical and Other Research in the US Will Crumble into Dust”
Why the Musk attack on NIH and NSF funding formulas will eviscerate US medical research.
Read more...The Execution of the CFPB: Capitalism Survives Another Attempt to Save It
A discussion of Elizabeth Warren’s naivete about the predatory nature of capitalism.
Read more...We Are Disabling Comments
We are turning off comments on new posts effective immediately.
Read more...US History of Duplicity Means Impossibility of Negotiated Settlements, Including Ukraine; Could a Government in Exile Be Coming?
Why there will be no deal between the US and Russia on Ukraine: the US really is incapable of entering into an agreement it will respect.
Read more...‘So Much for Lowering Costs’: Fury Over Musk’s Death Wish for CFPB That Returned Over $20 Billion to Consumers
Revealingly, Musk makes closing an agency that keeps billionaires like him from cheating ordinary citizens a top priority.
Read more...Links 2/8/2025
Medicaid Work Requirements Could Boot 36 Million People Off Their Health Coverage: Report
“Work requirements are simply another way to cut Medicaid.”
Read more...It’s Going to be Torture as the Path to Starmer’s Inevitable Demise Is Rolled Out
A Starmer death watch sighting.
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