Author Archives: Yves Smith
U.S. Political System Is Bought, Not Broken. A New Party Won’t Fix the Basic Problem.
Real reform in American politics won’t come new parties — but from breaking investors’ grip and rebuilding power from the ground up.
Read more...Message to Trump: Incompetence Is Not Virtue. Also, People Will Die
The main and possibly only qualification for Trump’s top appointees is the ability to tell blatant lies with a straight face.
Read more...Possible Kraft Heinz Breakup: A Buffett Investment Failure, Thanks to Healthier Tastes Among the Better Off and Need for Better Bargains for the Rest
A badly under-perfoming merger, Kraft and Heinz, is set to be reversed. Did that deal undermine the giants adapting to changing tastes?
Read more...“Europe Won’t Need Russian Gas in the Future”
Europe celebrates its economic suicide by continuing down the path of achieving independence from cheap Russian gas.
Read more...Links 7/12/2025
Stop Israel’s Dystopian “New Improved” Concentration Camp Plan—Before It’s Too Late
Israel keeping finding new lows in depraved behavior. Now we have Israel trying to brand a concentration camp as a “humanitarian city”.
Read more...Satyajit Das: On Cinema – Francis Ford Coppola’s Operas & Chamber Pieces
A break from our regular programming in the form of revisiting some of Francis Ford Coppola’s classics.
Read more...Billionaires Flail About Trying to Beat Mamdani; Wall Street Journal Describes Shambolic Plan to Spend $20 Million
What fun! Billionaires running around all hair on fire over their inabilty to do much to check Mamdani.
Read more...That $20 Dress Direct from China Now Costs $30 After Trump Closed a Tariff Loophole – and the US Will Soon End the ‘De Minimis’ Exemption for the Rest of the World, too
How the Trump tariff attack on low-value shipments from Hong Kong and China (and soon elsewhere) is yet another tax on the poor.
Read more...Food Giants Graded a “D” on Sustainable Farming Practices
More fiddling as the planet burns and soil quality degrades, as big agricultural buyers give lip service to regenerative farming.
Read more...Del Monte Foods Goes Into Bankruptcy: A Trump Tariff Casualty
Struggling Del Monte Foods keeled over due to its exposure to steel and aluminum cost increases from ‘Trump’s tariffs.
Read more...Genius Act: This New US Crypto Law Could Pave the Way for the Next Global Financial Crisis
On top of the leverage bombs in the US and other financial systems, the embrace of crypto, specifically stablecoins, is another systemic risk
Read more...Early Job Mentoring, Placement, and Training Boost Refugee Integration Without High Costs
Like it or not, advanced economies are committed to immigration to counter low birthrates. Better refugee integration reduces the friction.
Read more...The Inevitable Militarization of Space?
A high level review of the US efforts to project power in space and the actions/reactions of Russia and China.
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