The China Debt Trap Lie that Won’t Die | naked capitalism
Secretary of the Treasury Janet Yellen talks about the Chinese debt trap nearly every time she speaks. National security advisor Jake Sullivan delved into the topic in his big economic…
CalPERS Refuses to Spend $1 Million, or $1.30 Each, to Prevent Sale of Personal Data of 770,000 Beneficiaries on Dark Web | naked capitalism
CalPERS is refusing to take readily available measures to prevent the release of hacked personal data of 770,000 beneficiaries. And as we’ll explain below, the information at issue is extensive,…
An EU Double Standard With Massive Impact on the Global Environment | naked capitalism
The following is an interview with Laurent Gaberell, a member of the research and policy team at Public Eye, Switzerland. Gaberell has published extensive investigations in his capacity as agriculture…
Putin Orders Reality Check – No Ukrainians Left on the Battlefield, No Sovereignty in Kiev | naked capitalism
Yves here. This post may explain why in late May Putin recently referred to “that territory known as Ukraine.” Close observers took that as a statement of intent, that Russia…
The EU Sows the Seeds of Its Own Destruction | naked capitalism
Working class Europeans are increasingly facing declining living standards and are turning against the EU. The war in Ukraine and the energy crisis has exacerbated this trend, and national governments…
3M Offers $10.3B Settlement Over PFAS Contamination in Water Systems – Now, How Do You Destroy a ‘Forever Chemical’? | naked capitalism
Conor here: The following article is a nice summary of just how difficult it will be to deal with PFAS Contamination, although it skips over the history of destructive behavior…
From Pugachev To Lebed – The Muzhik Rebellion Fizzles Out Without Bloodshed, Prigozhin to Exile | naked capitalism
Yves here. I noted a surprising lack of updates in my inbox. It appears that the Prigozhin revolt was a big flash in the pan and is on it way…
Fog of Prigozhin: His Bizarre and Surely Doomed Military Revolt | naked capitalism
It’s very hard to make sense of what Yevgeny Prigozhin thought he was accomplishing with his increasingly erratic behavior, particularly his attacks against senior members of the Russian military like…
A New Third World Debt Crisis? The Need for System Change | naked capitalism
Yves here. Emerging economies fall into debt crises usually for one of two reasons. The first is borrowing in foreign currencies, often to obtain lower interest rates or bigger loan…
2:00PM Water Cooler 6/23/2023 | naked capitalism
By Lambert Strether of Corrente. Bird Song of the Day Common House-Martin, Junzano, Huesca, Aragón, Spain. “Song.” Politics “So many of the social reactions that strike us as psychological are…