A grass-roots effort to extinguish medical debt shows how destructive and ought-to-be-criminal US debt collection is.
Recent Items
Tuesday, June 30, 2026
These Church Members Disagree on Politics. Together They’re Wiping Out Medical Debt
Topics: Credit markets, Guest Post, Health care, Legal, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 5 Comments »
Links 6/30/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 73 Comments »
Iran War: Israel Makes Massive Bomb Blast in Southern Lebanon, Threatens Imminent Attack on Iran; Iran Refuses Meeting with US on Strait of Hormuz as Assembly of Experts Statement Assures Already Likely Death of MOU; Strait of Hormuz Transits Increasing as Iran and Oman Not on Same Page
Today’s Iran war news: Israel is aggressively escalating in Lebanon and threatens Iran as its Assembly of Experts hardens the red lines.
Topics: Commodities, Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:57 am | 57 Comments »
Is Ecuador’s US-Born President, Daniel Noboa, the Most Powerful Drug Trafficker in Latin America?
“Noboa and Ecuador today export 70% of the cocaine consumed by the world. Most of it leaves on this criminal’s merchant ships and is packed in his banana facilities.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 6 Comments »
Happy Birthday, America. Our Best Tradition Is Taking on the Powerful
A sunny view of egalitarian tendencies in the history of America.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 4:52 am | 6 Comments »
Coffee Break: Texas ICE Protestors Get Decades in Prison and Little Notice from Liberal Media
Nine anti-ICE activists have received decades long sentences after a July 4, 2025 noise protest outside an ICE facility went horribly wrong. The case has received an alarming lack of attention from liberal, and even leftist opponents of the Trump 2.0 regime.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 27 Comments »
‘We Were Warned,’ Says WHO Chief as More Than 1,300+ Dead Across Europe From Climate-Driven Heat Wave
Eaxaming the Europe air conditioning question as more heat is on the way.
Topics: Energy markets, Environment, Europe, Global warming
Posted by Conor Gallagher at 9:55 am | 18 Comments »
Links 6/29/2026
Topics: Links
Posted by Conor Gallagher at 6:58 am | 50 Comments »
Iran War: Axios Reports US, Iran Agree to Ceasefire Within Ceasefire, Doha Meeting on Strait of Hormuz as Iran Stands Up US on Technical Talks; Ship Transits Fall; Reports of Big US Buildup; Israel Attacks in Lebanon Continue
Today’s Iran war news: As many predicted, the MOU negotiations are coming apart along side a report of a further US buildup in theater.
Topics: Commodities, Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:54 am | 96 Comments »
Democrats’ Spunky Spooks Show There’s No Blue Light at the End of the Trump Tunnel
Elected last year on cost-of-living platforms, spook governors spit in the face of labor and embrace data centers and police state.
Topics: Politics, Social policy, Social values, Surveillance state, Technology and innovation, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 22 Comments »
Bank of International Settlements Warns That AI Crash Could Produce Investment Drought, Economic Contraction and Even a Crisis
The Bank of International Settlements took a look at the AI bubble. Not surprisingly, it found a lot not to like.
Topics: Banana republic, Credit markets, Dubious statistics, Economic fundamentals, Investment outlook, Market inefficiencies, Regulations and regulators, Ridiculously obvious scams, Risk and risk management, Technology and innovation
Posted by Yves Smith at 4:46 am | 10 Comments »
Links 6/28/2026
Topics: Links
Posted by Haig Hovaness at 6:55 am | 55 Comments »
Iran War: Struggle Over Strait of Hormuz Intensifies as US and Iran Strikes and Counterstrikes Escalate, US Escorts Tankers on Oman Side; Yet More on Oil and Diesel Squeeze
Today’s Iran war news: Escalating strikes and counterstrikes in the Strait of Hormuz area say the MOU is past its sell-by date.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:54 am | 144 Comments »
The Sunday Morning Movie Presents: L’oeuvre Au Noir (1988) Run Time: 1H 44M Plus Bonuses!
L’oeuvre Au Noir is a film about an independant spirit in a time of repression.
Topics: Guest Post, Sunday morning Antidote movie
Posted by semper loquitur at 6:30 am | 2 Comments »
Ukraine’s Spree Of Strikes Against Russia Is More Showmanship Than Strategy
The European ruling class continues to deceive the EU people. Are they also deceiving themselves?
Topics: Doomsday scenarios, Europe, Russia, Social policy, Social values
Posted by Conor Gallagher at 5:00 am | 33 Comments »



