Yves here. The idea of government holding private currencies like Bitcoin is such an obvious grift that I’ve found too distasteful to discuss. Fortunately Richard Murphy was willing to do the heavy lifting. By Richard Murphy, part-time Professor of Accounting...
Yves here. Even though it seems apparent that military contractors benefit from war, there’s still some utility in proving that out formally, as George Georgiou has below. Some readers might quibble with using General Motors as the basis for comparison,...
Actual hit GDPNow nowcast of 2.3%, q/q AR (see Jim’s post for a discussion) Still, achieving Treasury Secretary Bessent’s 3% annual growth (in addition to 3% deficits and additional 3 million barrels oil) is going to be tough. What does...
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 2.3% annual rate in the fourth quarter. That’s a little below the historical average rate of 3.1% since World War II, but about equal...
Bird Song of the Day Brown Thrasher, Stipson Island Rd., Cape May, New Jersey, United States/ * * * In Case You Might Miss… The Rescinded OMB “freeze” memo: after-action reports and interpretations. Beware the so-called “buyout” scheme. Tulsi Gabbard...
As with the odds of success of the West against Russia in Ukraine or America in a military contest with China, there’s rampant denial of the impact of climate change on property values (commercial as well as residential) in at-risk...
Yves here. One has to wonder how many of these bogus papers are being fed into AI training models, particularly on medical topics. As critics like Ed Zitron have pointed out, large language models like OpenAI have allegedly been running...
What would happen to drug development if the FDA lost its authority to prohibit new drugs? Would research and development boom and lives be saved? Or would R&D decline and lives be lost to a flood of unsafe and ineffective...
A New Zealand mountain is granted personhood, recognizing it as sacred for Māori AP Ambassador Chas Freeman: Israel, Palestine, US, Iran, Russia-Ukraine, Middle East, China (video) India & Global Left, YouTube Gold stockpiling in New York leads to London shortage...
Yves here. Richard Wolff gives a new vantage on settler colonialism as practiced by Israel through the lens of being descended from Holocaust survivors and victims and having made colonialism the subject of his dissertation. Wolff based on his research...
