Category Archives: Politics

Memo to China: You Look Silly When You Threaten to Dump Treasuries

If China intends to cov the West, it needs to pick things it could do that would incur real damage. Selling Treasuries it not that.

The Supreme Court’s Own Goal on Climate Change

Why the Supreme Court ruling in West Virginia v. Environmental Protection Agency looks more like hacker than jurisprudence.

Why Give a Damn About Pelosi? How About the Nuclear Strike We Would Have Made on China Over Formosa?

In 1958, the US considered a nuclear strike against China if China’s planned conquest of Formosa went well.

Recession Mongers Shocked & Horrified by This Surge in Employment

Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.

PredictIt: The Closing of a Prediction Market

PredictIt is likely to shutter. A look at how contract holders may win or lose, as well as the loss of a window into voter sentiment.

Endgame Taiwan? US Plans Further China Eyepoking with Planned Military Transit of the Taiwan Strait

China and the US are making threat displays over Taiwan. Lovely.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders

Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.

Inside the Democrats’ Climate Deal with the Devil

The new climate package furthers the US’ most profligate pastimes: drilling oil and driving big cars.

Italian Technocrats Allow the Right to Weaponize Democracy

Why the Italian right looks set to go from strength to strength.

The Dying American Southwest

Will people abandon the American Southwest or fight like hell to keep it?

German Chancellor: Germany Could Keep Nuclear Power Plants Operating After All

A sign of German energy tsuris: Chancellor Scholz suggests reviving nuclear power, in opposition to earlier recommendations by key ministries.

Think the Financial Crisis Is Over? Mortgage Servicers Still Abusing Borrowers For 10+ Years, Thanks to Lax Fannie/Freddie Oversight

Mortgage servicers are torturing borrowers who have been unable to pay for over a decade. All they are doing now is ripping off governments.

Why It’s Essential for Congress to Reauthorize Trade Adjustment Assistance

Workers attest that the Trade Adjustment Assistance has helped them move into new careers when employers offshore jobs. Will it be cut?

Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong

Looking at inflation through a class warfare lens.

Michael Hudson: American Diplomacy as a Tragic Drama

American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.