More shoes drop in the FTX saga as Caroline Ellison and Gary Wang cooperate with officials and we get an idea of the tales they are telling.
Recent Items
Tuesday, January 13, 2026
FTX/Alameda’s Caroline Ellison and Gary Wang Sign Plea Deals for Seven Felonies in Hopes of Reduced Sentences; New SEC Filing Adds Charges Based on Deeming FTT a Security
Topics: Banana republic, Currencies, Free markets and their discontents, Investment management, Legal, Politics, Regulations and regulators, Ridiculously obvious scams, Risk and risk management
Posted by Yves Smith at 6:54 am | 49 Comments »
Big Pharma’s Obscene Profits, Not Striking Nurses, Are Killing the NHS
US patients are not the only victims of Big Pharma price gouging.
Topics: Brexit, Free markets and their discontents, Guest Post, Health care, Politics, Regulations and regulators, The destruction of the middle class, UK
Posted by Yves Smith at 6:53 am | 24 Comments »
Twitter and the State, Part 2
Highlights from the latest Twitter Files releases.
Topics: Guest Post, Legal, Media watch, Politics
Posted by Yves Smith at 4:04 am | 37 Comments »
2:00PM Water Cooler 12/21/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 62 Comments »
Over the Holidays, Try Talking to Your Relatives Like an Anthropologist
How to talk to your relatives to learn more about their history and the society they once inhabited.
Topics: Guest Post, Social values
Posted by Yves Smith at 9:55 am | 44 Comments »
Links 12/21/2022
Topics: Links
Posted by Yves Smith at 6:58 am | 216 Comments »
Salvador Luria, 1912-1991: A Scientist for Our Time
On accomplished scientist, institution-builder, teacher and activitst Salvadore Luria.
Topics: Guest Post, Politics, Science and the scientific method, Social values
Posted by Yves Smith at 6:57 am | 6 Comments »
Monopoly Power vs Democracy – Matt Stoller
A wide-ranging discussion of some of the key mechanisms for exercising power in advaced economies, starting with monopolies.
Topics: Economic fundamentals, Europe, Free markets and their discontents, Guest Post, Legal, Politics, Regulations and regulators, Ridiculously obvious scams, Social policy, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 6:56 am | 11 Comments »
Meet the Grinch Stealing Social Security, the Future of Gen Y And Z
ow Social Security is a victim of wage stagflation.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 2:53 am | 31 Comments »
2:00PM Water Cooler 12/20/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 107 Comments »
Unequal Education and the ‘Great Gatsby Curve’
A look at the role of educational advantage in perpetuating inequality.
Topics: Economic fundamentals, Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 9:55 am | 34 Comments »
Links 12/20/2022
Topics: Links
Posted by Yves Smith at 6:55 am | 155 Comments »
As Crypto-Crisis Metastasizes, Big Moves Are Being Made on CBDCs
Leading the charge are the world’s two most populous nations, China and India, which between them account for roughly three out of every eight people on planet Earth.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 32 Comments »
The Weather Nightmare Before Christmas
A sprawling cold wave and blizzard will bring some of the nation’s most dangerous and disruptive pre-holiday weather in recent decades.
Topics: Doomsday scenarios, Environment, Guest Post
Posted by Yves Smith at 6:18 am | 33 Comments »
MMT Answers
A short MMT refresher course in the form of a Q&A.
Topics: Economic fundamentals, Guest Post, Macroeconomic policy, Taxes, The dismal science
Posted by Yves Smith at 4:11 am | 38 Comments »


