With the Fed raising interest rates, IMF surcharges worsen debt distress in the global South, increasing poverty worldwide.
Recent Items
Monday, July 21, 2025
Rich Nations, IMF Deepen World Stagnation
Topics: Africa, Banking industry, Economic fundamentals, Federal Reserve, Guest Post, Income disparity, Middle East, Politics
Posted by Yves Smith at 9:55 am | 9 Comments »
Links 12/13/2023
Topics: Links
Posted by Yves Smith at 6:55 am | 148 Comments »
Ukraine Flails as Proxy/Coalition War Scheme Comes Apart
How the way the West conducted a novel coalition war in Ukraine looks to have made a bad situation worse.
Topics: Corporate governance, Doomsday scenarios, Economic fundamentals, Europe, Politics, Russia
Posted by Yves Smith at 6:54 am | 98 Comments »
Lack of Trust Between the US and Türkiye Sees Same Sticking Points Derailing Sweden’s NATO Bid
The US fails to uphold its end of the bargain to win Turkiye’s approval and instead the West doubles down on failed pressure campaign.
Topics: Europe, Russia, Turkey
Posted by Conor Gallagher at 6:00 am | 14 Comments »
Replacing Kamala Harris
Democratic Party donor Guy Saperstein says replacing Kamal Harris is critical to 2024 success
Topics: Guest Post, Politics
Posted by Yves Smith at 5:06 am | 110 Comments »
2:00PM Water Cooler 12/12/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 89 Comments »
Big Meat and Dairy Delegates Triple at COP28
Big Ag fights back at COP28
Topics: Doomsday scenarios, Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post, Permaculture, Politics
Posted by Yves Smith at 10:00 am | 12 Comments »
Links 12/12/2023
Topics: Links
Posted by Yves Smith at 6:55 am | 206 Comments »
Google Loses on Every Count in Play Store Antitrust Suit by Epic Games
Google has suffered a major blow to its Play apps store model if this new ruling survives appeal. A Federal jury returned what the Washington Post deemed to be a verdict against Google on all counts, after mere hours of deliberation. A link to the verdict form 1. Readers may recall, at a 50,000 foot […]
Topics: Free markets and their discontents, Legal, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 6:52 am | 21 Comments »
Amid Mushrooming Wars and Other Global Crises, the WEF’s Corporate Takeover of the UN Continues Apace
The multistakeholder model being embraced by the UN gives corporations even more power over society, the economy and the environment, at the expense of national democratic institutions.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 29 Comments »
Russia and Gaza: “One War, One Election At a Time” – One Step Forward for National Liberation, Two Steps Back
More from John Helmer on how Russia is navigating the fraught political situation in the Middle East.
Topics: Doomsday scenarios, Guest Post, Middle East, Politics, Russia
Posted by Yves Smith at 5:56 am | 13 Comments »
2:00PM Water Cooler 12/11/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 70 Comments »
Links 12/11/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 158 Comments »
Is China’s Economy Collapsing? Economic War! Michael Hudson & Richard D. Wolff
A wide-ranging talk, using Western bashing of China’s economy as a point of departure.
Topics: Banking industry, China, Corporate governance, Credit markets, Dubious statistics, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Politics, Real estate
Posted by Yves Smith at 6:50 am | 22 Comments »
What Is the US up to in Azerbaijan?
US pressure campaign comes as Baku increasingly plays key role at Caucasus crossroads. Assistant Secretary of State says Russian and Iranian involvement in region is “unstable and undesirable.”
Topics: Energy markets, Europe, Guest Post, Infrastructure, Middle East, Russia
Posted by Conor Gallagher at 6:00 am | 8 Comments »