Bloomberg Backs Biden With $20 Million Donation
Michael R. Bloomberg, who is the former mayor of New York City and a Democratic megadonor, has donated nearly $20 million to support President Biden’s re-election campaign, a Bloomberg representative…
Timothy Mellon, Secretive Donor, Gives $50 Million to Pro-Trump Group
Timothy Mellon, a reclusive heir to a Gilded Age fortune, donated $50 million to a super PAC supporting Donald J. Trump the day after the former president was convicted of…
Project 2025: The US Far-Right Plan to Undermine Democracy and Rights Globally | naked capitalism
Yves here. We are overdue on giving a full-bore treatment on Project 2025, but this post will hopefully serve as a starting point. Sadly, ambitious and well-organized right wing campaigns…
2:00PM Water Cooler 6/19/2024 | naked capitalism
By Lambert Strether of Corrente Patient readers, what you see is what you get, today; I must hustle along and finish up a post on Trump. –lambert Bird Song of…
Power in Sovereign Debt Markets: Explaining the Uneven Debtor–Creditor Landscape and Its Implications | naked capitalism
Yves here. This article explains how, believe it or not, the US used to act as a moderating force in sovereign debt negotiations. Now that the US has ceded its…
Inside Big Oil’s Business as Usual: Failure on Climate and Profits from War | naked capitalism
By Stella Levantesi, an Italian climate journalist, photographer, and author. She is the author of the Gaslit series on DeSmog. Her main areas of expertise are climate disinformation, climate litigation,…
Bank of England Holds Rates Steady, Despite Slower Inflation
The Bank of England held interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers…
Ancient Shipwreck Preserves a Deep Bronze Age Time Capsule
Remains of the oldest shipwreck ever discovered in deep water, and perhaps the oldest complete wreck in any water, have been located in the Mediterranean Sea about 56 miles off…
Kandinsky Cut Ties With Russia. So Did This Museum.
When the Hermitage Amsterdam cut ties with the State Hermitage Museum in St. Petersburg in 2022, after Russia’s invasion of Ukraine, it could have seemed like the Dutch museum was…
Today Is the Longest Day of the Year in the Northern Hemisphere
On Thursday, everyone in the northern half of our planet will experience the summer solstice. It’ll be the longest day of the year north of the Equator, and it is…