Saturday, July 25, 2026
The First Ever Central Bank Digital Currency (CBDC) of a Largish Economy, Nigeria’s eNaira, Is Already Floundering
After being launched to great fanfare in October 2021, Nigeria’s eNaira has so far had minimal impact on the country’s economy and citizens.
Michael Hudson: American Diplomacy as a Tragic Drama
American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.
Xi and Biden Talk Past Each Other in Over 2 Hour Phone Call
The Xi-Biden call confirmed that despite keeping communications lines open, the two superpowers are at an impasse.
2:00PM Water Cooler 7/28/2022
~ Today’s Water Cooler ~
UPS Drivers Demand AC in Trucks Following Heat Wave: ‘It’s Like Walking Into Hell’
Delivery drivers work in what ought to be illegal conditions. Will anything change?
The Gang That Can’t Shoot Straight: Western Leaders Bungle Russia Gas Supply, Barmy Oil Price Cap, and Appear Unable Even to Line Up Meetings
The harder you look at Western scheming against Russia (and China) the worse it appears.
Left in the Dark: The Families Struggling to Survive Fuel Poverty
The future many in the UK and Europe will suffer this winter: having to choose between food and fuel.
Biden’s Climate Emergency: Will He Declare It?
Biden has put the idea of using the National Emergency Act to declare a climate emergency in play. What are its odds of happening?
2:00PM Water Cooler 7/27/2022
~ Today’s Water Cooler ~
Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest Since 2008
There is no “housing shortage,” with over 9 months’ supply of unsold houses, the most since the Housing Bust. But prices are still too high.
One China Eyepoking Too Far: Biden Signals US Not Backing Down on Pelosi Taiwan Visit as China Promises Military Response
Taiwan is becoming yet another case study in advanced imperial decline. Too bad the world is along for the ride.
Sri Lanka’s Arrest of Aeroflot Plane Was the Straw that Broke President Rajapaksa’s Back
How Sri Lanka tried, and may still be trying, to play Moscow off against Washington.
