Links 5/4/2023 | naked capitalism
Powell: Fed made ‘mistakes’ in regulation and supervision on his watch American Banker Pushback Against Powell’s Prognosis Comes Almost Immediately Bloomberg How the Fed Became Everything (and Everything Became the…
A Day After a School Shooting, Belgrade Is Consumed With Grief
The wax ran in streaks on the sidewalk outside a school in Belgrade, left by the hundreds of candles lit by residents of the Serbian capital mourning the deaths of…
America’s New Drug Policy
For decades, the U.S. focused on trying to scare people away from drugs, instituting tough criminal penalties and emphasizing law enforcement over addiction treatment. But a major change is underway.…
What if You Could Save Someone From an Overdose?
Jan Hoffman contributed reporting. The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh…
Is There Motive Behind the Fed Making Such a Mess of the US Bank Wobbles? | naked capitalism
Yesterday Mr. Market got word that yet another bank had gone wobbly, shortly after the Fed announced it was putting through another interest rate increase and only considering pausing next…
Britain’s Economy Needs a Pick-Me-Up. Is the Coronation Enough?
Dawn Anchor, who runs a pub in the village of Kings Worthy, about 60 miles southwest of London, has everything she needs: reams of red, white and blue bunting, mini…
His Cousin Promised a Quake-Proof Building. Then the Walls Crumbled.
Few have argued that these developers knowingly put people in deadly buildings. Mr. Guclu’s own family lived there, after all, as did Mr. Altas’s son. Turkey deemed Mr. Guclu a…
One Family Has Spearheaded Montana’s Unflinching Conservatism
During a legislative hearing in 2011 that was a prelude to Montana’s debates on abortion, State Representative Keith Regier displayed an image of a cow and made the argument that cattle were more valuable when…
How These Budding Entrepreneurs Won $20,000 for Their Start-Ups
Sarah Adams, a teacher, started a side business selling her Jamaican grandmother’s rum cake in 2015 with $5,000 from her husband’s retirement savings. Soon, she was handing out samples at…
Why China’s Censors Are Deleting Videos About Poverty
A heartbreaking video of a retiree that showed what groceries she could buy with 100 yuan, or $14.50 — roughly her monthly pension and sole source of income — went…