Author Archives: Yves Smith
Tech Fragility: Why the Microsoft 365 Outage Is Different and Why It Takes So Long to Restore Email Services
The Microsoft 360 outage comes as other tech-related wheels have fallen off, such as at the FAA. Is it time to think about more redundancy?
Read more...Understanding Economics: Capital Isn’t Capitalism
Richard Murphy unpacks what capital amounts to and why understanding that matters.
Read more...Debate in New York City Over City‑Run Grocers Is Not Just About Food, but Something Bigger
Will municipal grocers in New York City advance the idea that government can intervene openly to help lower costs to consumers?
Read more...Jensen Huang Ouster at Nvidia: Bigger Governance and Coming Financial Train Wreck than Hank Greenberg Exit from AIG
Nvidia’s ouster of Jensen Huang is proving out short-seller David Einhorn’s saying: “No matter how bad you think it is, it’s worse.”
Read more...Data Centers Really Are Ripping You Off
How ordinary electricity customers get saddled with way more than their fair share of data center costs.
Read more...Why Is Work Getting Worse?
Employees in the UK are much less happy with work than in the early 1990s, despite their positive views about having a job. What gives?
Read more...‘A Mobilization That No One Imagined’: Furious Over Housing Costs, Millions Join General Strike in Spain
The so-called 11N protest Spain is a general strike for housing and against the cost of living.
Read more...A Plea for Reason from a Recovering Extrovert
Is it possible to push back against the decline in the ability to reason and even read in much of the population, particularly the young?
Read more...Satyajit Das: Chronicle of A Financial Crisis Foretold – Part 1
An important precis from Satyajit Das’ forthcoming book, The Everything Bubble, setting forth why a crisis looks way too likely.
Read more...Michael Hudson: Hilarious IMF Demand on Ukraine
Is the IMF as stupid as it looks in pretending Ukraine loans can be repaid, or is it hostage to political pieties?
Read more...Links 11/11/2026
Announcing Legal Defense Fund as Charles Asubonten Threatens to Escalate His Meritless Attempt to Censor Our Reporting via Yet Another Lawsuit
As you will see below, former CalPERS Chief Financial Officer Charles Asubonten is trying to silence our documentation of his vexatious legal campaign against Naked Capitalism. He is seeking the retraction of our publication of the filings in his new lawsuit in Federal Court in the Northern District of Alabama, along with some limited commentary. […]
Read more...Big Tech’s Political Headache and the Fight for America’s Future
US voters rejected AI and Big Tech power. Which Dems are poseurs who will make only Potemkin reforms?
Read more...Why Sudan’s Civil War Is Becoming a U.S. National Security Threat
Why the civil war in Sudan has much bigger implications for the region and the US than is generally acknowledged.
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