UK Banks Will Go Bust Because of Climate Change
The UK has low-lying terrain that has nevertheless been developed and will go underwater with climate change and take a lot of banks with it.
Read more...Author Archives: Yves Smith
Tuberculosis Emergency in California After Death in Homeless Shelter Outbreak; Follows Chicago Migrant Shelter Cluster and Earlier IM Doc Anecdata
The rise in tuberculosis cases as an indictment of US public health and immigration policy.
Read more...The Problem of Feeding a Still-Growing Population: Nitrogen, Agrochemical Corporations and International Trade: A Perilous Mix
Industrial farming, with its international trade and specialization, has disturbed the nitrogen cycle, undermining the feeding of the world.
Read more...‘Absurd!’: US Billionaires Pay Lower Tax Rate Than Working Class for First Time
“It’s time to tax the billionaires,” economist Gabriel Zucman argues in a new analysis.
Read more...Are the BRICS and Their New Development Bank Offering Alternatives to the World Bank, the IMF?
An assessment of how far BRICS has gotten in creating new monetary arrangements and institutions. The short version is “not very”.
Read more...Links 5/4/2024
The Geography of EU Discontent and the Regional Development Trap
More and more EU voters are rejecting the Union, as some like to call it. Economic malaise looks to be a big reason why.
Read more...Turkiye Suspends All Trade With Israel in Surprise New Blow; Israel Threatens Retaliation
Turkiye is kicking Israel in a weak spot: its economy. How much might this trade freeze hurt?
Read more...Taxing Income from Wealth Can Always Raise More Money Than a Wealth Tax
Why a wealth tax is not all it is cracked up to be, but a well-designed income tax can do a fine job of curtailing wealth disparity.
Read more...After Much Posturing, US Imposes (So Far) Underwhelming Sanctions Against China for Russia Trade
After sending Yellen and Blinken to China to make threats, the Administration has imposed some strikingly weak sanctions
Read more...Oh Deary, Where Did My Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk About “Rate Hikes”
What Fed chair Powell said about rate hikes, no rate cuts, rate cuts, and the QT slowdown while getting rid of MBS entirely
Read more...“The True Shocking Driver of Crime in America”
A theory of crime, which while it has some explanatory power, weirdly omits white collar crime.
Read more...The Culture of the CIA, a First Look
How the CIA evolved, or depending on your point of view, devolved into what it is today.
Read more...TaxCast #142: Blockchain Havens
How blockchain/crypto tax havens are displacing traditional tax havens.
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