Author Archives: Yves Smith

Deutsche Bank Throws in the Towel, Announces Restructuring into Bad Bank/Good Bank, Firing of 18,000

The beginning of an end for Deutsche Bank.

The Myth of Expansionary Austerity

If you hold mainstream economic views, it was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

Should We Tax Wealth?

Kicking the tires of a wealth tax.

Links 7/5/19

Ilargi: Memo to the US – The Winds Are Shifting

Why the US looks like it has a glass jaw.

Links 7/4/19

Michael Hudson Discusses the IMF and World Bank: Partners In Backwardness

Michael Hudson explains how the IMF and World Bank support US hegemony.

U.N. Report: ‘Human Rights Might Not Survive’ Climate Crisis

Not surprisingly, the poor, particularly in developing countries, will be devastated by climate change.

Mobility and the Desire for Sovereignity in Europe

Lack of geographic mobiliity is a major culprit in the rise of nationalism.

Links 7/3/19

Congress Sniffing Around Botched McKinsey Studies Depicted as Impairing Intelligence Agencies

McKinsey is in hot water again.

Charter Schools Unleashed “Educational Hunger Games” in California. Now It’s Fighting Back.

Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?

”Maximum Pressure” Campaign Fails To Kill Off Iran’s Oil Exports

Iran and the US look deadlocked.

One Hundred Years After World War I, Are We Heading Back to the Abyss?

The odds of a major war, even one that could fracture the world order, appear uncomfortably high.