Time, money and options are fast running out for Switzerland’s second largest lender, Credit Suisse.
Sunday, July 26, 2026
Mission Accomplished: “Super Mario” Draghi’s Legacy and the Italian Election
Turnout in Italy’s election was the lowest since WWII as voters lose faith in a system unable to reverse a declining standard of living.
A Review of Barbara Tuchman’s “The March of Folly”
Tuchman believes that folly is “timeless and universal.” Much as I enjoy her work, I don’t.
2:00PM Water Cooler 9/26/2022
~ Today’s Water Cooler: Open Thread ~
Italy’s Lurch to the Right Raises Risk of Fossil Gas Lock-In
After this weekend’s snap election, incumbent energy companies will face scant pressure over climate change from the winning right-wing coalition.
US Tightens the Screws on Turkey Over Cooperation with Russia
Turkey is trying to boost its economy by allowing Russian tourists to use the Mir payment system, but the US is applying pressure to cut the service.
Europe Faces An Exodus Of Energy-Intensive Industries
Fortune passes everywhere.
How Ashish Jha and Rochelle Walensky of Newton, MA Protect Their Children from Covid (But not Yours)
But Jha and Walensky aren’t the only residents of Newton, thank heavens.
Book Excerpt: Rituals and the Search for Order
Research suggests that we spontaneously engage in ritualized behavior when facing stressful and uncertain situations.
Michael Hudson Discusses Debt, Financial Surveillance, the Fed and More With Ralph Nader
Michael Hudson has a wide-ranging talk with Ralph Nader.
Russian Partial Mobilization: And Then There Were None
Two Russian militarty experts comment on the partial mobilization and what might come next.
