Trump made a big retreat on his China tariffs. But a second gambit, investment restrictions to isolate China, is already giving China fits.
Recent Items
Wednesday, May 14, 2025
Despite China’s Warning, US Has Opened New Front in Trade War with Investment Restrictions in UK Pact
Topics: China, Economic fundamentals, Europe, Free markets and their discontents, Globalization, Politics
Posted by Yves Smith at 9:55 am | 8 Comments »
Links 5/14/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 53 Comments »
Abundance vs. Degrowth in a Time of Climate Catastrophe
While Trump’s Liberation Day policies might bring about accidental degrowth, Democrats embrace DOGE-style Abundance. Is there another way?
Topics: Doomsday scenarios, Environment, Free markets and their discontents, Global warming, Globalization, Guest Post, Income disparity, Infrastructure, Politics, Real estate, Social policy, Social values
Posted by Conor Gallagher at 6:00 am | 36 Comments »
Michael Hudson Discusses How Religions Opposed Usury, the Catholic Church “Interest” Rebranding, and More on the Evolution of Financial Rentierism
On the long-standing religious and ethical proscriptions against usury, and how and why the Catholic Church rebranded it as interest.
Topics: Credit markets, Guest Post, Income disparity, Politics, Social policy, Social values, The dismal science
Posted by Yves Smith at 5:55 am | No Comments »
Why the Right Fiercely Attacks the US Postal Service: Its Unions
Looking at a big reason why conservatives are so keen to privatize the US Postal Service: to eliminate its unions.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Income disparity, Politics, Privatization, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 3:04 am | 21 Comments »
Coffee Break: Armed Madhouse – Air Combat Is Changing
The recent fighting between India and Pakistan has provided evidence of the diminishing role of the jet fighter pilot in modern warfare. A large air battle was fought between the two nations on May 6 and 7. India lost at least five jets, some of them advanced French Rafale fighters. Most of the losses were […]
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 44 Comments »
What The Endgame in Gaza Means For Middle East Security And Oil Prices
Netanyahu plans another aggressive incursion into Gaza, intended as a Final Solution of sorts. Is a retaliatory oil embargo a real risk?
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Guest Post, Middle East, Politics
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 5/13/2025
Topics: Links
Posted by Yves Smith at 6:58 am | 211 Comments »
The Curious Case of the Hostile Takeover Bid by a Bank Facing Criminal Charges
Despite facing prosecution on a number of charges, including widespread corporate espionage, Spain’s BBVA still wants to take over its third biggest rival. The ECB has already given its blessing.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 12 Comments »
Decisive Win for Pensioners, Taxpayers in Kentucky as Judge Wingate Rejects Attorney General’s “Get Out of Jail for Almost Free” Scheme for KKR and Blackstone
The plaintiffs seeking to claw back funds from misbehaving finance titans like KKR and Blackstone continue their winning streak.
Topics: Hedge funds, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 5:55 am | 16 Comments »
They Looted Companies — Now They’re Looting the Government
Poor and self-serving corporate oversight practices are going bigger and badder as they are taken to government.
Topics: Banana republic, Corporate governance, Economic fundamentals, Free markets and their discontents, Guest Post, Politics, Regulations and regulators, Ridiculously obvious scams, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 12:41 am | 24 Comments »
Links 5/12/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 175 Comments »
How Long Until You Lose Your Constitutional Rights?
Trump adviser Stephen Miller is talking about suspending habeas corpus due to “invasion.” Whether that happens or not, we’re still seeing constitutional rights continue to erode as the “War on Terror” comes home.
Topics: Doomsday scenarios, Legal, Middle East, Moral hazard, New McCarthyism, Surveillance state
Posted by Conor Gallagher at 6:00 am | 33 Comments »
Trump Doubles Down on Gaza Cruelty With Threat to Cut UN World Food Programme Funding if the UN Rejects US Scheme (and a BRICS Note)
Another US disgrace in the form of a threat against the World Food Programme to advance a US son-of-floating pier scheme to feed Gazans.
Topics: Income disparity, Middle East, Politics, Social policy
Posted by Yves Smith at 5:17 am | 29 Comments »
Meet the People Profiting from US Military Aid to Israel
A genocide backed by economic interests is a big problem involving powerful actors. However, many people are taking action to affect the status quo.
Topics: Market inefficiencies, Middle East
Posted by Conor Gallagher at 5:00 am | 17 Comments »