Yves here. Green energy advocates have sometimes acknowledged that the US electrical grid needs to be upgraded. I have not seen that discussion normally including an admission that the grid…
Yves here. Highly unequal societies have lower life expectancy, even for high income cohorts, compared to the top wealthy in more equal countries. But the life span costs are more…
By Lambert Strether of Corrente. Patient readers, I am finishing up a post on Mass General’s Kafka-esque and brutally stupid new masking policy, where patients are not allowed to ask…
The deadline for a debt ceiling hike is only weeks away, with Treasury Secretary Janet Yellen saying the U.S. could run out of money to pay its debts by June…
Yves here. I have not checked the state of the rental market, since Birmingham routinely has high rent relative to purchase prices. That may be a big reason the housing…
Even at the very heart of the EU’s political establishment, a majority of people believe that a cashless society would not be beneficial for the general public or the economy.…
Yves here. I must confess that I can’t take as much interest as I ought to in the debt ceiling drama. This is a game of chicken. The Administration, despite…
By Timo Löyttyniemi, CEO State Pension Fund in Finland. Originally published at VoxEU. Financial markets have faced several disruptions to financial stability during 2022 and 2023. These events have highlighted…
Yves here. William Astore looks with considerable regret on how the US failed to harvest its “peace dividend” from the fall of the USSR by downsizing its nuclear arsenal. He…
Warren Buffett’s Berkshire Hathaway dumps billions of dollars of US stocks FT Nobody Knows Anything, FedWatch Edition The Big Picture Climate High concentrations of floating neustonic life in the plastic-rich…