Pete Hegseth might not seem to have much in common with Mark Zuckerberg and Sam Altman, but all exemplify American elite impunity in late stage American empire, plus they all work for the military industrial complex.
Recent Items
Wednesday, September 9, 2026
Coffee Break: Hegseth, Altman and Zuckerberg, Elite Impunity Run Amock
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 12 Comments »
Why Governments Tax: A List
If governments that issue currency don’t need to tax, why do they do it?
Topics: Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Social policy, Social values, Taxes, The dismal science
Posted by Yves Smith at 9:55 am | 8 Comments »
Private Equity: How the Big Long Became a Long Con as Fund Managers Hang on to Investor Funds Trying to Keep Up Pretense of Adequate Performance
Private equity investors have their cash stuck in funds longer than expected as managers are loath to sell companies and realize poor returns.
Topics: Dubious statistics, Guest Post, Investment management, Legal, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 8:30 am | 3 Comments »
Links 9/9/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 92 Comments »
Iran War: Iran Hits US Bases and Targets Vessels After Tanker Strikes, Pushing Oil Over $100 a Barrel; Ansar Allah-Saudi Conflict Intensifies; UK Leads 12 Nations in West Bank Settlement Sanctions
Today’s Iran war news: Kinetic action heats up as Iran meets US tanker attacks with a big salvo on bases as Ansar Allah escalates.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:58 am | 63 Comments »
Move Slow and Upgrade or Move Fast and Break Things?
“Move fast and break things!” has always struck me as the silly mantra of a gaggle of immature brats whose “things” were always safe and in no danger of getting broken. Now, many of them have mega-yachts and bolt holes around the world, where they think nothing they possess can get broken. I hope they […]
Topics: AI, Ridiculously obvious scams, Social policy, Social values, Surveillance state
Posted by KLG at 6:45 am | 17 Comments »
Coffee Break: Armed Madhouse – Mossad, the CIA, and the Cult of Black Ops
Mossad and the CIA have acquired an extraordinary mystique through spectacular feats of espionage, sabotage, covert action, and targeted killing. But operational proficiency is not strategic efficacy. History shows that intelligence successes are celebrated while failures and strategic consequences are too often neglected, encouraging the distortion and misapplication of intelligence capabilities.
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | 21 Comments »
On Labor Day, Mamdani Debuts ‘Worker Power’ Office to Support Union Organizing
New York City mayor Mamdani gives the boss class a new poke in the eye by establishing an office to support union organizing.
Topics: Free markets and their discontents, Guest Post, Income disparity, Legal, Politics, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 12 Comments »
Links 9/8/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 108 Comments »
Iran War: Iran Working to Speed Retaliation Tempo as It Fires on Tankers, at US Warships and Ansar Allah Escalates Against Saudi Oil Facilities; Brent Flirts With $100 as Trump Hand Waves
Todays Iran war news: Iran is pressing the US with careful escalation as Ansar Allah hits Saudi production assets, and gooses oil prices
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Infrastructure, Media watch, Middle East, Politics
Posted by Yves Smith at 6:57 am | 124 Comments »
British Independent News Website The Canary Suspends Operations After Being “Debanked” By Second Lender
“This is a major move against the possibility of an independent media” in the UK.
Topics: Guest Post
Posted by Nick Corbishley at 6:44 am | 22 Comments »
Anti-Flock Hawk Topples Truckload of Cameras, Drops Them Off at Sheriff’s Department
An apparently legal Flock camera removal initiative.. Check in your area to see if you have a similar fact set and get going if so!
Topics: Guest Post, Legal, Politics, Surveillance state
Posted by Yves Smith at 1:10 am | 21 Comments »
Coffee Break: Labor Day Songs & Stories From the Let It Roll Podcast
A celebration of working class songs and stories from the Let It Roll podcast, featuring Johnny Paycheck, Woodie Guthrie, Roy Acuff, the Weavers, Josh White, Jean Ritchie, the Kinks, Charley Pride, Tejano legends, the MC5, hip hop, hardcore punk, and house music.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 16 Comments »
Links 9/7/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 134 Comments »
Germany’s Long Winter Begins
AfD is really taking off now as winter energy shortages loom, Ukraine collapses, and economy keeps sinking.
Topics: Doomsday scenarios, Energy markets, Europe, Politics, Russia
Posted by Conor Gallagher at 6:00 am | 69 Comments »



