Even former ECB Chairman Mario Draghi, now in his new role as Italian prime minister, can’t convince other Italian banks to take on the world’s oldest lender.
Recent Items
Wednesday, January 14, 2026
Italy’s Latest Rescue of Perennially Troubled Monte Dei Paschi Hits the Rocks
Topics: Guest Post
Posted by Nick Corbishley at 6:48 am | 15 Comments »
Net Zero, Insulation, Boilers, and English Dampness, or Symbol Manipulators Versus Existing Conditions
The English gas boiler as a microcosm of Anglosphere elites’ inability to come up with realistic carbon reduction schemes.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Environment, Europe, Global warming, Guest Post, Politics, Real estate, Regulations and regulators, UK
Posted by Yves Smith at 5:40 am | 92 Comments »
In Maine, Vaccine Mandate for EMTs Stresses Small-Town Ambulance Crews
How Maine’s vaccine-only mandate is thinning staffing of already stressed emergency services.
Topics: Doomsday scenarios, Dubious statistics, Guest Post, Health care, Pandemic, Politics, Risk and risk management
Posted by Yves Smith at 3:17 am | 46 Comments »
2:00PM Water Cooler 10/25/2021
~ Today’s Water Cooler: Open Thread ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 141 Comments »
The Last Days of The Romanovs at the Port of Los Angeles (and Where Is Everybody?)
Cutting the Gordian knot at the Port of Los Angeles/Long Beach. Or not!
Topics: Banana republic, Guest Post, Regulations and regulators
Posted by Lambert Strether at 1:55 pm | 140 Comments »
Links 10/25/2021
Topics: Links
Posted by Lambert Strether at 6:55 am | 171 Comments »
What May Happen When Central Banks Wake Up to More Persistent Inflation?
Sudden policy reversals could lead to severe downturns in financial markets and significantly damage public sector balance sheets.
Topics: Banking industry
Posted by Lambert Strether at 6:36 am | 28 Comments »
Wall Street Journal Provides New Evidence of Facebook Politically-Driven Intervention in Content
Some Facebook internal chats reveal its censorship, um, moderation to be a hot mess.
Topics: Banana republic, Legal, Media watch, Politics, Surveillance state, Technology and innovation
Posted by Yves Smith at 4:55 am | 22 Comments »
Lee Camp: The Four Layers of Reality — And Why We’re Only Allowed to Talk About One
On how the media does (and doesn’t) construct reality.
Topics: Doomsday scenarios, Free markets and their discontents, Guest Post, Media watch, Politics, Social policy, Social values, Technology and innovation
Posted by Yves Smith at 12:04 am | 36 Comments »
Villeneuve’s Dune: Reviewing the Reviewers (and a Review)
I would go see it again.
Topics: Curiousities, Environment, Guest Post, Media watch
Posted by Lambert Strether at 6:55 pm | 171 Comments »
Links 10/24/2021
Topics: Links
Posted by Lambert Strether at 6:58 am | 194 Comments »
French Oil Company Total ‘Knew About Global Warming Impact in 1971’, Study Finds
A new study has found Total knew about the links between climate change and fossil fuels 50 years ago.
Topics: Energy markets, Environment, Free markets and their discontents, Global warming, Guest Post, Ridiculously obvious scams
Posted by Lambert Strether at 5:55 am | 28 Comments »
Links 10/23/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 194 Comments »
The Horse Bit and Bridle Kicked Off Ancient Empires – A New Giant Dataset Tracks the Societal Factors That Drove Military Technology
A new major effort to catalogue the history of military innovations and how they spread.
Topics: Guest Post, Technology and innovation
Posted by Yves Smith at 5:21 am | 67 Comments »
On the Primacy of the Physician-Patient Relationship, From an Unlikely Source – The Attorney General of Nebraska
On the slippery slope of curtailing a doctor’s ability to treat his patient.
Topics: Guest Post, Health care, Pandemic, Politics, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 4:49 am | 38 Comments »


