How John Galbraith correctly called many developments that have had great political and economic significance, like the decline of unions
Saturday, February 7, 2026
Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely
Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
2:00PM Water Cooler 3/8/2023
~ Today’s Water Cooler ~
Workers’ Responses to the Threat of Automation
How effectively do workers perserve their position relative to automation?
“How Stupid Do They Think We Are?” Nord Stream Pipelines Bombing Edition
Shameless Nord Stream spin.
The West Goes After LNG in Mozambique Despite Regional Violence That Has Displaced Close to a Million People
The EU and US are trying to replace Russian gas and push China out of the resource-rich African nation.
Biden Administration Urged to Take More Aggressive Steps to Relieve Medical Debt
The Biden Administration has yet to take comparatively easy steps to reduce medical debt abuses.
2:00PM Water Cooler 3/7/2023: Eric Adams Edition
~ Today’s Water Cooler: How to respond to Eric Adam’s ludicrous idea that New Yorkers should unmask when entering stores. ~
Equality and Equity
How a word like “equality” has become a bit of a minefield.
Wall Street Journal: “US Is Not Yet Ready for Great Power Conflict” Yet Still Plots Against China
The US seems obsessed with China, yet effectively admits it is behind and unlikely to catch up. And it too quickly dismisses Russia.
Mexico’s President AMLO Floats Plan to Form Anti-Inflation Alliance in Latin America
“We are going to carry out an anti-inflation plan of mutual aid for growth, for commercial and economic exchange with Latin American countries.”
Why Student Debt Cancellation Is Reasonable, Not Radical
Discuss: “The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough.”
2:00PM Water Cooler 3/6/2023
~ Today’s Water Cooler ~
