Tuesday, July 8, 2025
Herman Daly (1938-2022): The Economist for Our Time
The double question implied throughout Herman Daly’s work as an economist is this: “Is the economy for the people, or are the people for the economy?” nomy for the people, or are the people for the economy?”
Fossil Fuel Industry Phase-Out: Three Critical Worker Guarantees for a Just Transition
PERI research shows just transition policies are easily affordable in all high-income countries and critical to limiting climate change
2:00PM Water Cooler 3/28/2023
~ Today’s Water Coole
‘The Billionaire Bailout’: FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion
“The bailout really did protect billionaires from taking a modest haircut.”
As Longterm Partnership With Us Fades, Saudi Arabia Seeks to Diversify Its Diplomacy – And Recent Deals With China, Iran and Russia Fit This Strategy
US policy takes a hit in the Middle East.
Brazil Looks To Strengthen Ties With China, As Taiwan Loses Yet Another Ally in Latin America
“Brazilian and Chinese interests… align at present in some important areas, the most important being an investment in a multipolar world order.”
US Continues Its Abuse of the EU With Recent Inflation Reduction Act Agreement
The deal allows European Commission President Ursula von der Leyen to sell a breakthrough without accomplishing anything for Europe.
Is Our Health Care System Turning Hospitals into (Covid) Death Traps?
Hospital epidemiologists are following the science. Is anybody else?
2:00PM Water Cooler 3/27/2023
~ Today’s Water Cooler ~
FDIC Sells Much of Silicon Valley Bank to First-Citizens Bank. Total Cost of SVB Collapse to Deposit Insurance Fund: $20 Bn
Even collapsed banks have lots of assets that the FDIC sells to cover the costs to the Fund. Signature Bank collapse costs the Fund only $2.5 billion
Fed-Inflicted Bank Wobbles Persist as Investors Fret About Deutsche
Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.
How Debt Dynamics Polarize Economic and Political Power
An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.
