Saturday, January 17, 2026

Blinken-Qin Talks in Beijing: US and China Agree to Keep Talking Past Each Other

Readouts from a meeting between Anthony Blinken and his counterpart Qin Gang indicate the US and China are barely communicating.

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.

Profit Inflation Is Real

More evidence that companies hiking prices because they can is a significant driver of our current inflation.

Are the Canadian Wildfires Really “Natural” Disasters?

“Only you can prevent wildfires” is neoliberal nonsense.

Links 6/18/2023

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.

Links 6/17/2023

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. “

Bill Black and Michael Hudson on Corruption in Finance

A deep dive into why big money players have become critical to big corruption.

The Ironies of Neal Stephenson: Thoughts on His Thriller, Termination Shock

Neal Stephenson’s geo-engineered world

2:00PM Water Cooler 6/16/2023

~ Today’s Water Cooler ~

Links 6/16/2023

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.”

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.

Why Student Debt Is So High

The student loan program is a government-enabled transfer of wealth. How surprising is that?