Brief Comments on the TerraUSD and Tether Stablecoin Breakdowns
Why the two big stablecoin breakdowns of last week, TerraUSD and Tether, look like frauds.
Read more...Category Archives: Banana republic
Michael Hudson on Decline of Dollar, Sanctions War, Imperialism, Financial Parasitism
Economist Michael Hudson discusses the decline of the US dollar, the sanctions war on Russia, his concept of “free-trade imperialism,” and financial parasitism.
Read more...Calling All CalPERS Long-Term Care Policyholders! Kaiser Health News/New York Times Want to Hear Your Stories
CalPERS long-term care victims, um, policyholders: the press is interested in your plight! Use the link in this post to a NYT contact form.
Read more...Treasury Implements Bottom of the Barrel New Russia Sanctions on Sunday May 8; How Broad a Nexus for Russia Retaliatory Sanctions Later This Week?
More sanctions sparring, with the latest US move looking petty and lame.
Read more...Experts Warn GOP War on Abortion Will Turn Red and Blue States Into ‘Mutually Hostile Legal Territories’
How a reversal of Roe v. Wade plus the plans of some states to criminalize abortions as broadly as possible could produce a legal train wreck.
Read more...Out of Africa: Rich Continent, Poor People
A new book documents the scale and mechanism of the looting of Africa.
Read more...How Outsourcing Threatens America’s Safety
School bus drivers in Bay City, Michigan, have pushed back against mindless outsourcing of their union jobs.
Read more...‘Elon, There Are Rules’: EU Says Twitter Must Comply With New Digital Services Act
One day after Elon Musk took over Twitter, a top European regulator gave the world’s richest man a “reality check” about how they will respond if he loosens the platform’s content moderation policies.
Read more...Trade’s Resilience to COVID-19
Future resilience requires smart diversification and exploitation of working-from-home production.
Read more...The Ukraine War Clock Is a Time Bomb – It Blows Up On November 8, US Election Day
Yves here. Helmer gives interlocking updates, one of what can be inferred about the state of the war in Ukraine, the other on the prospects for Team Dem come November. Recall that Helmer was part of the Carter Administration, as so has some perspective. A couple of additions: Helmer provides evidence that Ukraine is regrouping […]
Read more...Climate Collapse & Adaptation
Is it possible to adapt to the inevitable like climate collapse? We do it all the time, and everyone living will do it at least once.
Read more...CDC Delenda Est
More on why the CDC is beyond redemption.
Read more...Court Should Consider Taking Over Dept. of Correction, Warns Manhattan U.S. Attorney
NYC’s notorious cesspool masquearading as a jail, Rikers Island, has failed to implement mandated reforms, which may result in a Fed takeover
Read more...CalPERS Consultant Global Governance Advisors Recommends Further Overpaying Grossly Underperforming CalPERS Staff
How a new consultant, Global Governance Advisors, is helping CalPERS executives and staff even better line their pockets.
Read more...Activists Decry Biden’s ‘Reckless’ Resumption of Fossil Fuel Leases on Public Lands
Biden broke yet another campaign pledge Friday and announced his administration will resume fossil fuel lease sales for public lands.
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