Author Archives: Yves Smith

Is Trump Serious About Trying to Close the Private Equity Carried Interest Loophole?

Trump wants to revive his 2017 plan to curb a private equity tax abuse, the so-called carried interest loophole. Is he likely to succeed now?

Even US Messaging Outlet RFE/RL Having Trouble Prettying Up Trump Planning to Buy Ukraine Rare Earths Empty Bag

There is both less and more in the Trump offer to arm Ukraine in return for rare earths than meets the eye.

James K. Galbraith Discusses His New Book, Entropy Economics, Plus DOGE, Bitcoin and Tariffs

A wide-ranging talk with Jamie Galbraith on his book, Entropy Economics, which focuses on the neglect of real resources, and recent events.

ICE Faking News: Games Search Engines to Make Mass Deportations Appear Way More Massive Than They Are

Mass deportation raids have barely started, yet ICE is faking their prevalence! What gives?

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Four – Tony West’s Calamitous Legacy at Uber and with the Kamala Harris Campaign

On Tony West as intellectual leader and major implementer of the similar Uber narrative-driven strategy and the failed Harris campaign.

Artificial Intelligence and Financial Stability

On the high odds of winding up with the Peter Principle of AI implementation in financial institutions, and what to do to prevent that.

Hottest January in the History of Januaries

A fresh sighting on the relentless march of climate change, with the January just past the warmest on record.

The Mass Deportation Handoff, Biden to Trump

Despite Trump’s enthusiasm for rough treatment of illegal immigrants, growth of the deportation industrial complex has been a two-party affair

Life After Lambert Update: KLG to Provide Weekly Health/Pandemic “Coffee Break”; Still Seeking Help in Finding New Site Contributor(s), Including for Other “Coffee Breaks”

Announcing KLG’s upcoming Coffee Break feature, and seeking reader help for more Coffee Break and other site content candidates.

Michael Hudson: Trump’s Tariffs Could Cause Huge Global Crisis

Michael Hudson and Ben Norton take a deep dive into Trump’s contradictory and potentially disastrous economic plans, starting with tariffs.

Rob Urie: To End Oligarchy, End Finance Capitalism

One prescription for rolling back oligarchy.

Links 2/4/2025

New Filing Details How Crooked Attorney Ann Oldfather and Kentucky Attorney General Russell Coleman Conspired to Sell Out Underwater Pension Funds and Taxpayers to the Tune of Hundreds of Millions, Even >$1 Billion, in Lost Recoveries

As more legal filings and reviews show, Ann Oldfather and Attorney General Russell Cameron are shafting Kentucky taxpayers for their benefit

AI’s Impending Information Crisis

AI coverage whistles past the graveyard of its lack of enough content to generate good output, assuring garbage in, garbage out.