Link April 15, 2022 | Naked Capitalism
[ad_1] Lambert and I, and many readers, agree that Ukraine has sparked the worst information environment ever. We hope readers will cooperate 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, unlinked pom pom-waves will […]
Friday 10am reading – big picture
[ad_1] It’s tax day (actually April 18) and a 3-day weekend! Let’s start with our weekend mornings: • America’s top earners and their taxes revealed Secret IRS documents reveal America’s highest earners and how their tax rates exceed their earnings. Tech giants, hedge fund managers and heirs dominated the list, while the likes of Taylor […]
The Global Fertilizer Shortage Is Already Causing Havoc in Latin America
[ad_1] Food prices were a huge problem across Latin America even before Russia’s invasion of Ukraine. Thanks to surging fertilizer prices, the problem is getting worse. I would like to begin this piece with a brief recap of the recent political drama in Peru, where the fledgling Pedro Castillo government is already on the ropes […]
U.S. natural gas prices soar on export boom
[ad_1] Ive here. I recommend reading this article in conjunction with Doomberg’s latest products, Measured twice: Assessing Europe’s gas crisis. He converts the often-changing gas data into billion cubic feet, rather than the more common (but still far from standard) measurement of billion cubic meters. In any case, Biden’s offer to Europe for an additional […]
Darling’s Packard 1-20 Convertible Victoria, 1940
[ad_1] Another delightful spring convertible: Packard’s One-20 comes in both a coupe and a sedan, but isn’t available in the convertible style you see below until a clever bodybuilder more or less forces Packard executives to use it Howard “Dutch” DarlingAn American aviator who served in France during the final years of World War I, […]
The Impact of Fox News on the US COVID-19 Vaccination Campaign
[ad_1] Yves here. Even though the authors of this study depict Fox News as having reduced vaccination levels, I doubt that this relationship is as strongly causal as they suggest. First, even though the authors attribute significance to cable viewing, it’s been in sharp decline. In May 2021, according to Statista, only 44% of American […]
Why we must focus on fixing the invisible economy
[ad_1] After 20 years when digital giants dominated the limelight, the real economy has regained its footing over the past two years. From the supply of toilet paper to the price of wheat, from the shortage of personal protective equipment in early 2020 to the Russian tank train in early 2022, it is clear that […]
Marine Le Pen capitalizes on cost of living concerns as French runoff vote looms
[ad_1] Far-right candidate Marine Le Pen took her campaign to the Burgundy countryside to crush rival Emmanuel Macron a day after the French presidential runoff (Emmanuel Macron) An otherwise positive pain point economic record. There, a grain farmer told her about his struggle with soaring fuel and fertilizer prices, echoing what French voters told pollsters […]
FirstFT: Singapore finance minister to be city-state leader
[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 Happy Friday. How did you pay attention to the news this week?take our test. Singapore Finance Minister Huang Xuncai Prime Minister’s heir, The ruling People’s Action Party seeks […]
2:00PM Water Cooler 4/14/2022 | naked capitalism
[ad_1] By Lambert Strether of Corrente Bird Song of the Day Hawaiian Bird Week at Naked Capitalism continues. * * * 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 de Talleyrand-Périgord “When the going gets […]
Ashmore warns of rising inflation risk as clients withdraw $3.7 billion
[ad_1] Ashmore warned that Russia’s war in Ukraine could add to growing inflationary pressures, as the specialist emerging markets manager saw clients withdraw $3.7 billion from its funds in the first quarter. The London-based fund reported a sharp 10% drop in assets under management to $78.3 billion at the end of March – a move […]
Ukraine is Destroyed – Here’s How It’s Repaired
[ad_1] [*] Ive here. This is a convincing prediction of what the next phase of the war in Ukraine might look like and what the territorial disposition might be. Note that Helmer doesn’t see Russia’s plan as a disintegration, but a reorganization in a more federalized, or what the British might call a devolved structure. […]