Links 1/31/2025 | naked capitalism
Swiss court to rule on landmark Trafigura corruption case Reuters Hedge fund Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’ FT Tennessee GOP passes immigration law…
What Mass Deportations Would Do to New York City’s Economy
If the threatened mass deportations were enacted, Ms. Eisner explained, the construction industry would not, in the short term, be able to replace the lost workers. “Right now, we’re in…
Should the Government Be Allowed to Hold Bitcoin? | naked capitalism
Yves here. The idea of government holding private currencies like Bitcoin is such an obvious grift that I’ve found too distasteful to discuss. Fortunately Richard Murphy was willing to do…
The Economic Benefit of Conflict: A Thriving Armaments Sector | naked capitalism
Yves here. Even though it seems apparent that military contractors benefit from war, there’s still some utility in proving that out formally, as George Georgiou has below. Some readers might…
2:00PM Water Cooler 1/30/2025 | naked capitalism
Bird Song of the Day Brown Thrasher, Stipson Island Rd., Cape May, New Jersey, United States/ In Case You Might Miss… The Rescinded OMB “freeze” memo: after-action reports and interpretations.…
The Bogus Justification for AI Uptake and the Real Reason for the Scam | naked capitalism
Your humble blogger has been reluctant to dignify AI, even in the face of technologists we know and respect saying that it is truly revolutionary. But then the question becomes…
Fake Papers Are Contaminating the World’s Scientific Literature, Fueling a Corrupt Industry and Slowing Legitimate Lifesaving Medical Research | naked capitalism
Yves here. One has to wonder how many of these bogus papers are being fed into AI training models, particularly on medical topics. As critics like Ed Zitron have pointed…
Richard Wolff: Settler Colonialism – ‘It Ends With Us’ in Palestine and Israel | naked capitalism
Yves here. Richard Wolff gives a new vantage on settler colonialism as practiced by Israel through the lens of being descended from Holocaust survivors and victims and having made colonialism…
Higher Impact of Inflation on Lower Income Households Means US Poverty Is Understated | naked capitalism
Yves here. This important post originally had an anodyne headline, Distributional consumer price indices and the measurement of inequality, which obscured its important finding: that adjusting inflation for its impact…
2:00PM Water Cooler 1/29/2025 | naked capitalism
Bird Song of the Day Brown Thrasher, Newnans Lake SF–East Trail (Pithlachocco Trail), Alachua, Florida, United States. Virtuosic! In Case You Might Miss… Anti-Trump lawfare begins… but with far, far…