Link March 30, 2022 | Naked Capitalism
[ad_1] Dear patient reader, Lambert and I, along with many readers, agree that Ukraine has sparked the worst information environment ever. We hope readers will collaborate in the comments to reduce the fog of war – real fog and stage fog. None of us need more cheerleaders and linkless repeat memes; there are platforms. Low-value, […]
Ukraine Updates and More Discussion of the Russia “Gas for Roubles” Countersanction
[ad_1] Given that the war in Ukraine is the focus of a massive propaganda operation in the West, it’s telling that it’s fading a bit from attention, either by design or a need to regroup. While the business press still gives the war top billing due to the fact that energy supplies and pricing around […]
“Dollar Hegemony Ended Last Wednesday”: Michael Hudson Interviewed by Margaret Flowers on Clearing the Fog
[ad_1] Yves here. This talk overlaps with the Michael Hudson interview we posted yesterday, and again focuses on the impact of US sanctions and Russian countersanctions on the position of the dollar and US economic power. This version is a bit more concise, which may be easier for sharing. And there’s a podcast, for those […]
Under the Sea, a Hidden Climate Variable: Melting Permafrost
[ad_1] Ive here. As if you didn’t worry enough about climate change, there’s now flooded permafrost to add to the list. By Matt Simon, science reporter for Wired.Originally Posted by wired and from dark as part of climate desk cooperate A sort ofAbout 20,000 years ago, The world is so cold that giant glaciers have […]
Congress has found a simple solution to child poverty. Then it went away.
[ad_1] Alexis Rosenfeld/Getty Images Imagine a program the federal government could lift millions of American children out of poverty. The program will help parents put nutritious meals on the table, pay for tuition, and even save for their children’s college — all without negatively impacting the economy. You don’t have to imagine. We only had […]
FirstFT: UK explores fourth delay in checking EU imports
[ad_1] Good morning.This article is our live version First FT communication.Sign up for our Asia, Europe/Africa or America Get it straight to your inbox every weekday morning Downing Street is still exploring Border checks delayed again after Brexit Industry warnings about goods coming into the UK from the EU to prevent supply chain disaster. Ministers […]
US wealth tax: Biden seeks deepest, tightest pockets
[ad_1] US President Joe Biden needs money. Naturally, he’s after the deepest, if tightest pockets: those of the super-rich.Biden’s 5.8 tons minimum government budget 20% The annual tax rate on all income of billionaires, including unrealized gains on asset appreciation. It’s a bold and unusual move. Generally, U.S. taxes are levied on cash income: wages […]
War in Ukraine: what explains the calm in global stock markets?
[ad_1] The west’s financial warfare against Russia has been dramatic. Commodity markets are chaotic, stoking already uncomfortably high inflation, and global economic growth forecasts have been marked down as a result. Many businesses face big hits from their exits from Russia. Yet many investors and analysts have been surprised at the remarkably modest fallout for […]
The Global Impact of Putin’s War
[ad_1] Russia has decided to “dramatically” scale back its military activities in the Kyiv region, with Barclays facing a £450m loss after the US mistakenly issued financial products worth more than $15bn it licensed. In addition, Martin Wolf, chief economic commentator for the Financial Times, explained how the war in Ukraine has further disrupted the […]
U.S. yield curve inverts amid possible recession signal
[ad_1] A closely watched recession signal flashed red on Tuesday as investors worried that the Federal Reserve’s efforts to curb inflation would lead to a sharp slowdown in U.S. economic activity. Two-year U.S. Treasury yields rose above 10-year yields for the first time since August 2019, inverting part of the yield curve closely watched by […]
UK explores fourth delay in inspections of EU imports
[ad_1] Downing Street is exploring yet another delay to post-Brexit border checks on goods entering the UK from the European Union to prevent industry warnings of a supply chain disaster. Ministers are considering whether to delay for a fourth time a sweeping inspection of imports from the European Union, which was due to take effect […]
2:00PM Water Cooler 3/29/2022 | naked capitalism
[ad_1] By Lambert Strether of Corrente Bird Song of the Day Thanks to alert reader Lena, this is Northern Bobwhite week at Naked Capitalism! * * * Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had learned nothing, and forgotten nothing.” –Charles Maurice […]