Author Archives: Yves Smith

Links 8/19/2021

Biden Administration to Withhold Medicare and Medicaid $ from Nursing Homes Not Having Fully Vaxxed Staff

The Biden Administration thinks it can coerce badly paid workers in nursing homes who’ve held out to take the jab. That’s not a great wager.

Texas Supreme Court Says Dems Who Fled State to Block Voter Suppression Package Can Be Arrested

GOP-appointed judges sided with Texas Gov. Abbott and right-wing lawmakers, allowing legislators to be arrested and hauled to the Capitol

Why Did the Taliban Take Over Afghanistan So Fast?

How the Taliban outfoxed the US.

Conspiracy Theories Aside, There Is Something Fishy About the Great Reset

The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.

Michael Hudson: Biden Forfeits His Afghan Victory by Defending His Deep State Advisors

Biden gave a bizarre justification of the horrifically mismanaged US exit from Afghanistan, revealing his capture by intel incompetents.

CalPERS Comes Dead Last of 34 Public Pension Returns Despite Having Biggest, Best Paid Investment Office

CalPERS can’t manage its way out of a paper bag.

Michael M. Thomas, R.I.P

I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.

Links 8/17/2021

“RLB Can Suck a Dick”: CalPERS Board VP Theresa Taylor Debases CalPERS, Sneers at Workers and Little People in Unhinged, Factually False Attack on SEIU California President

CalPERS Board VP and Investment Committee chair Theresa Taylor has yet another put foot in mouth and chew incident.

The War Nerd: Was There a Plan in Afghanistan?

Trying to make sense of Afghanistan.

Is Western U.S. Experiencing a ‘Megadrought’?

The U.S. West may be in a climate-fueled megadrought, but willingness to admit that, let alone address it, is awfully slow in coming.

A Half Century Since The Beginning Of The End Of The Post WW II Economic Order

Marking the 50th anniversary of the end of the Bretton Woods economic system.