As the Planet Warms, Let’s Be Clear: We Are Sacrificing Lives for Profits
Climate change is the result of a deadly calculus: human lives are worth risking and even losing over the profits of global corporations.
Read more...Author Archives: Yves Smith
Book Review: The Toxic Legacy of DDT
In “How to Sell a Poison,” Elena Conis chronicles the history of DDT and its lasting impact.
Read more...Time Is Running Out to Save Sri Lanka from Total Economic Collapse
Once hailed as South Asia’s ‘success story’, Sri Lanka has faced months of escalating violent unrest.
Read more...Brief Comments on the TerraUSD and Tether Stablecoin Breakdowns
Why the two big stablecoin breakdowns of last week, TerraUSD and Tether, look like frauds.
Read more...More Oil From U.S. Strategic Petroleum Reserve Heads To Europe
The use of the Strategic Petroleum Reserve looks like three card monte.
Read more...Exile
A personal account of exile.
Read more...Michael Hudson on Decline of Dollar, Sanctions War, Imperialism, Financial Parasitism
Economist Michael Hudson discusses the decline of the US dollar, the sanctions war on Russia, his concept of “free-trade imperialism,” and financial parasitism.
Read more...New York Times, Defense Intelligence Agency Go Wobbly on Ukraine Prospects as Militias + Russia Continues to Grind Down Opposition in Donbass
It’s becoming hard for the West to pretend that Russia will fail at its aims in Ukraine, most importantly, destroying its abilty to wage war.
Read more...Russia Announces Initial Retaliatory Sanctions Targets; Waiting for the Other Shoe to Drop
Russia has started rolling out its retailiaory “special economic measures”. But it’s still not clear what they amount to in practice.
Read more...Sanders: GOP Ended Filibuster to Pack Supreme Court, So Dems Must End It to Save Abortion Rights
Sanders is pushing for a path for preserving abortion rights. Funny he doesn’t have much company.
Read more...Links 5/11/2022
What Blew Our Financial Bubble So Big?
Why it’s more fun and profitable to be in the bubble economy than the real one.
Read more...Record High Diesel Prices Will Ripple Across The Economy
The diesel crunch is getting more acute. What could happen next?
Read more...Calling All CalPERS Long-Term Care Policyholders! Kaiser Health News/New York Times Want to Hear Your Stories
CalPERS long-term care victims, um, policyholders: the press is interested in your plight! Use the link in this post to a NYT contact form.
Read more...Leftist Mélenchon as French PM Would Shake Europe – Renaud Lambert
Mélenchon has a shot at becoming French Prime Minister. But will his intent to buck EU economic policies scare cognitively captured voters?
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