“[W]e have this house of cards where you’ve got an awful lot of institutions working co-operatively with each other, but if one messes up the system, then the whole system fails.”
Recent Items
Monday, March 10, 2025
What Just Happened to UK TBTF Lender Barclays’ Online Banking Services, and What Could It Mean for the Wider World?
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 37 Comments »
New Filing Details How Crooked Attorney Ann Oldfather and Kentucky Attorney General Russell Coleman Conspired to Sell Out Underwater Pension Funds and Taxpayers to the Tune of Hundreds of Millions, Even >$1 Billion, in Lost Recoveries
As more legal filings and reviews show, Ann Oldfather and Attorney General Russell Cameron are shafting Kentucky taxpayers for their benefit
Topics: Hedge funds, Investment management, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:38 am | 8 Comments »
AI’s Impending Information Crisis
AI coverage whistles past the graveyard of its lack of enough content to generate good output, assuring garbage in, garbage out.
Topics: Free markets and their discontents, Guest Post, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 1:58 am | 82 Comments »
Tankus and Kelton on Musk’s DOGE Seizing Treasury’s Payments Chokepoint. But Where Are The Lawyers?
What attack surfaces does DOGE present?
Topics: Banana republic, Guest Post, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Lambert Strether at 6:25 pm | 119 Comments »
2:00PM Water Cooler 2/3/2025
~ Today’s Water Cooler: Open Thread ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 97 Comments »
Links 2/3/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 159 Comments »
Trump Declares Economic War on Just About Everyone That Matters. Is a Smash-Up a Feature and Not a Bug? Update: Mexico One Month Pause. Who Blinked?
Trump is opening up a multi-front economic war by imposing tariffs on America’s biggest trade partners, with the EU next in line. What gives?
Topics: Auto industry, China, Economic fundamentals, Europe, Free markets and their discontents, Globalization, Legal, Politics
Posted by Yves Smith at 6:54 am | 176 Comments »
How Do We Get Competent Politicians?
Richard Murphy argues that all prospective UK parliamentarians and councillors should have to take an exam to prove their competence.
Topics: Guest Post, Politics, UK
Posted by Conor Gallagher at 4:00 am | 82 Comments »
Meditation and Mindfulness at Work Are Welcome, but Do They Help Avoid Accountability for Toxic Culture?
An update on corporate efforts to deploy seemingly beneficial practices like meditation for their benefit.
Topics: Corporate governance, Guest Post, Ridiculously obvious scams, Social values
Posted by Yves Smith at 2:23 am | 24 Comments »
Links 2/2/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 276 Comments »
Will It Matter Who Wins Germany’s Upcoming Election or Will Country’s Fate Largely Be Decided in Washington?
If Germany stays under the thumb of Washington and living standards continue to decline under a new government, what happens then?
Topics: Doomsday scenarios, Energy markets, Europe, Guest Post, Politics, Russia, Social policy
Posted by Conor Gallagher at 6:00 am | 65 Comments »
California Blesses Political Donors’ Strategy to ‘Multiply Their Influence’
Venture capitalists and tech execs strengthen control over Democrat-controlled California while they do the same at the national level under Trump’s GOP.
Topics: Banana republic, Politics, Social policy, Surveillance state
Posted by Conor Gallagher at 5:00 am | 3 Comments »
Links 2/1/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 206 Comments »
Migrant Vendors Park Carts as Their American Dreams Slip Away
Enforcement was already rising. Under Trump, street vendors have gone into hiding to avoid criminal tickets that could make them ICE targets.
Topics: Globalization, Guest Post, Income disparity, Links, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 6:53 am | 56 Comments »
Book Bans
A look at a historical example of a concerted book ban to assess its effectiveness and long-term impact.
Topics: Guest Post, Media watch, Politics
Posted by Yves Smith at 6:24 am | 15 Comments »