Heatwaves Ripple into the Financial System
Heat stress affects the financial system by increasing defaults and producing tighter lending terms to others in the same area.
Read more...Author Archives: Yves Smith
New York Cannabis Program Becomes Field Day for Private Equity Exploitation, Including Predatory Loans, Overpriced Leases to Store Owners
Staffers red-flagged inflated costs and default risks for startup cannabis retailers —to be ignored by officials keen to get money flowing
Read more...Biden Plan to Save Medicare Patients Money on Drugs Risks Empty Shelves, Pharmacists Say
The Biden plan to squeeze the Medicare drug pricing balloon has merely led it to bulge out in a different place.
Read more...US Jury Holds Chiquita Liable for Colombian Death Squad’s Murder of Banana Workers
A rare bit of justice, and perhaps also US consciousness raising, over corporate backed murder abroad.
Read more...Buzzer Beater – Russian General Staff Aims at Ending the Ukraine by Electric War
The Western press is largely ignoring Russia’s destruction of Ukraine’s electric system, which will bring Ukraine to its knees
Read more...The Russian Endgame in Ukraine and European Resistance to “Right Wing” Advances: A Thought Experiment
How the unexpected success of right wing parties in France, Germany, and Austria might be focusing a few minds about Russia.
Read more...The Desire to Be “Your Own Boss” in America
On the romance of being you own boss.
Read more...One Issue Proved Key to the Opposition’s Stunning Success in India’s Election: Caste Politics
Did Modi’s BJP suffer a setback due to failing to provide enough economic benefits to lower-caste voters?
Read more...Links 6/8/2024
Black Sea Port Becomes Geopolitical Battleground Between China and the EU
Western handwringing over China building a port a little too close to Europe’s backyard.
Read more...The Cautious US Escalation Against Russia Is Developing Not Necessarily to US Advantage
The US does not look to have come out well from its latest dominance display against Russia.
Read more...When It Comes to the Environment, There Really Is No Such Thing as a “Good” Car
The problem with the EV as a climate change remedy is that it is still a car.
Read more...Research on Earth’s Raging Heat of 2023-24 Is Picking Up
La Niña will most likely quell a stretch of global record heat, but human-produced greenhouse gases loom as large as ever.
Read more...The EU’s Outsourced Migration Control Is Violent, Expensive and Ineffective
Does a critique of EU migration policies reveal more than it intended to?
Read more...In Virginia, Data Centers Collide with Zero-Carbon Goals
With electric demand from data centers skyrocketing, the state considers how to meet its goal of decarbonizing the grid.
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