Readouts from a meeting between Anthony Blinken and his counterpart Qin Gang indicate the US and China are barely communicating.
Recent Items
Saturday, January 17, 2026
Blinken-Qin Talks in Beijing: US and China Agree to Keep Talking Past Each Other
Topics: China, Doomsday scenarios, Globalization, Politics
Posted by Yves Smith at 6:46 am | 40 Comments »
Mammoth RICO Lawsuit Targets Credit Suisse, Many of its Directors and Execs, and KPMG for Over a Decade of Fraudulent, Reckless Conduct
Credit Suisse, or more accurately, buyer UBS, some execs/board members, and KPMG are targets in a monster RICO suit.
Topics: Banking industry, Corporate governance, Investment banks, Investment management, Legal, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 5:06 am | 8 Comments »
Profit Inflation Is Real
More evidence that companies hiking prices because they can is a significant driver of our current inflation.
Topics: Dubious statistics, Economic fundamentals, Guest Post, The destruction of the middle class, The dismal science
Posted by Yves Smith at 3:47 am | 18 Comments »
Are the Canadian Wildfires Really “Natural” Disasters?
“Only you can prevent wildfires” is neoliberal nonsense.
Topics: Carbon credits, Environment, Global warming, Guest Post, Permaculture
Posted by Lambert Strether at 2:55 pm | 39 Comments »
Links 6/18/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 188 Comments »
Firms’ Use of Artificial Intelligence: Cross-Country Evidence on Business Characteristics, Asset Complementarities, and Productivity
Evidence of polarised adoption – with larger and more productive firms more likely to use AI – indicates the potential for widening gaps between leaders and other firms and reinforces the need for policies aimed at fostering an inclusive digital transformation.
Topics: Ridiculously obvious scams, Technology and innovation
Posted by Lambert Strether at 6:50 am | 12 Comments »
Links 6/17/2023
Topics: Links
Posted by Yves Smith at 6:55 am | 197 Comments »
To His Last Breath, Daniel Ellsberg Fought to Save the World
Paul Jay on Ellsberg: “Dan fearlessly risked everything in his unwavering quest for social justice and opposition to war. “
Topics: Doomsday scenarios, Guest Post, Politics
Posted by Yves Smith at 6:17 am | 12 Comments »
Bill Black and Michael Hudson on Corruption in Finance
A deep dive into why big money players have become critical to big corruption.
Topics: Banana republic, Banking industry, Free markets and their discontents, Guest Post, Legal, Politics, Regulations and regulators, Social policy, The destruction of the middle class
Posted by Yves Smith at 6:01 am | 16 Comments »
The Ironies of Neal Stephenson: Thoughts on His Thriller, Termination Shock
Neal Stephenson’s geo-engineered world
Topics: Energy markets, Environment, Global warming, Globalization, Guest Post
Posted by Lambert Strether at 2:55 pm | 53 Comments »
2:00PM Water Cooler 6/16/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 57 Comments »
Links 6/16/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 149 Comments »
The UK’s Tory Government, With Labour’s Help, Just Took Another Big Step Toward Outlawing Peaceful Political Protest
“The move – which uses secondary legislation to bring the powers into force – violates the constitutional principle of the separation of powers because the measures have already been rejected by Parliament.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 29 Comments »
Fast Food Suppliers Contribute to Increases in BMI and Decreases in IQ
Using Norwegian registry data, this column documents that the increased supply of fast food restaurants could be responsible for as much as 35% of the increase in BMI and 27% of the decline in cognitive ability observed across cohorts born during the 1980s.
Topics: Europe, Free markets and their discontents, Guest Post, Health care, Income disparity, Social policy, Social values
Posted by Lambert Strether at 5:55 am | 35 Comments »
Why Student Debt Is So High
The student loan program is a government-enabled transfer of wealth. How surprising is that?
Topics: Banana republic, Guest Post, Income disparity, Legal, Politics, Regulations and regulators, Student loans, The destruction of the middle class
Posted by Yves Smith at 3:00 am | 34 Comments »



