Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely
Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
Read more...Category Archives: Free markets and their discontents
Workers’ Responses to the Threat of Automation
How effectively do workers perserve their position relative to automation?
Read more...Biden Administration Urged to Take More Aggressive Steps to Relieve Medical Debt
The Biden Administration has yet to take comparatively easy steps to reduce medical debt abuses.
Read more...Why Student Debt Cancellation Is Reasonable, Not Radical
Discuss: “The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough.”
Read more...What If the World Cannot Save the World from Climate Change?
How climate change reveals a crisis of international governance.
Read more...Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’
Post East Palentine rail safety reform proposals are embarrassingly unserious.
Read more...New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things
Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.
Read more...The Fiscal Side of Europe’s Energy Crisis: The Facts, Problems and Prospects
A deep dive into the costs and impact of the recent, large-scale European energy subsidies.
Read more...Salve Lucrum: The Existential Threat of Greed in US Health Care
A big reason US health sucks is that the government refuses to crack down on abuses like price gouging and billing games.
Read more...Identifying the Real Resistance
Can the rich be trusted to fix a breaking world? Or should the real resistance unite beneath one banner?
Read more...Losing Out in Critical Technologies: Cisco Systems and Financialization
Cisco turned from innovation to financialization, weakening the position of the US information-and-communication-technology industry
Read more...How Howard Schultz Made Starbucks the Poster Child of Corporate Abuse
Does Stabucks CEO Howard Schultz deserve the title of labor enemy #1?
Read more...People Got Used to Higher Prices and Are Outspending Even Raging Inflation. They Don’t Want This Thing to Land
Year-over-year growth in consumer spending, adjusted for inflation, outpaced the pre-pandemic average. Month-over-month, seasonally adjusted, growth spiked.
Read more...Jim Chanos: The Golden Age of Fraud in Finance
Famed short seller Jim Chanos discusses the ever-rising role of fraud in the US financial system and his views of China.
Read more...In Rural America, Right-to-Repair Laws Are the Leading Edge of a Pushback Against Growing Corporate Power
After years of efforts to advance right-to-repair rules, farmers are starting to get traction.
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