Crash Landing? Part 1 – Bonfire of the Banks | naked capitalism
Yves here. Satyajit Das has taken upon himself to provide a deep dive into what happened in the bank panic and how financiers got themselves in such a mess. To…
The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike | naked capitalism
Yves here. Sadly, your humble blogger had a sense of the Fed’s priorities when it engaged in a stealthy bailout of nearly all uninsured deposits: that the Fed had decided…
Kshama Sawant: Workers Strike Back | naked capitalism
Yves here. I hate to again be the skunk at the party but Kshama Sawant’s saber-rattling reform list falls well short of her ambitious aims. First, setting too many goals…
Eurasian Integration Including Iran Proceeds Despite US “Maximum Pressure” Campaign | naked capitalism
By Conor Gallagher The Riyadh – Tehran detente deal could be a major win for not only the Middle East but also larger projects seeking more integration of greater Eurasia.…
Links 3/22/2023 | naked capitalism
Badger tunnels halt traffic on Dutch railways BBC (Furzy Mouse). Watch Angry Moose Attack Speeding Snowmobilers Field and Stream Net Climate Effects of Moose Browsing in Early Successional Boreal Forests…
How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis | naked capitalism
Your humble blogger has been saying that the new bank rescue scheme, which is a covert backstop of nearly all uninsured deposits, is a disastrous extension of government support to…
Medicare Advantage Uses Algorithms to Block Care for Seniors | naked capitalism
Yves here. While this post describes flagrant fraud by Medicare Advantage insurers, which would seem to be an “old people in America” problem, the deliberate abuse by AI is a…
Secession Is Here: States, Cities and the Wealthy Are Already Withdrawing from America | naked capitalism
Yves here. While the author makes an interesting point about rejection of community institutions and collective obligations as steps on the path to secession, I have to differ a tad…
The Head Spinning Reality of Venezuela’s Economy
After years of extreme scarcity, some Venezuelans lead lives of luxury as others scrape by. The nation of grinding scarcity has increasingly become one of haves and have-nots.
Some US Farmers Get Behind Mexico’s GMO Corn Ban, Reports Mexican Daily La Jornada | naked capitalism
“We believe that Mexico has every right to ask for what it wants,” says Lynn Clarkson, chief executive of Illinois-based Clarkson Grain company. “As a supplier, the United States should…