Republican plans to gut, erm, “reform” Social Security must be brutal since they insist on hiding them till after the midterms.
Recent Items
Thursday, August 6, 2026
Senate Dems Push GOP to Divulge Secret Plan to ‘Attack Earned Benefits Like Social Security’
Topics: Economic fundamentals, Guest Post, Health care, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 6 Comments »
Links 8/6/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 57 Comments »
Iran War: Iran Agreement With Oman Will Not “Open” Strait of Hormuz as Trump Hypes Non-Existent Talks; Ansar Allah Threatens Red Sea Escalation; Trump-Hegseth Row Over Weapons Shortages
Today’s Iran War news: Over-selling of Iran-Oman Hormuz pact as US arms shortages lead to doctrine change: liberal use of tactical nukes
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 5:16 am | 89 Comments »
Trade Liberalization Never Lifted All Boats
While selective trade liberalization has benefited powerful corporate interests and some others, most have lost out.
Topics: Africa, Agriculture, Commodities, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Social policy
Posted by Yves Smith at 3:15 am | 1 Comment »
Science, Religion, and Political Omens: The Meaning of Eclipses in Ancient Rome
Eclipses have long caused fear and wonder, and became focuses for divination.
Topics: Curiousities, Guest Post, Science and the scientific method, Social values
Posted by Yves Smith at 2:29 am | 13 Comments »
El-Sayed on Track to Win US Senate Primary, Overcoming AIPAC’s $30 Million Onslaught
Abdul El-Sayed’s opponents, with substantial AIPAC funding, outspent him 11 to 1 but still lost. Israel support is becoming a scarlet letter.
Topics: Free markets and their discontents, Guest Post, Income disparity, Middle East, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 46 Comments »
Links 8/5/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 81 Comments »
Iran War: US Again Fabricates Talks On, “Deal Is Nigh” As Reuters Reports Even Greater Weapons Depletion; Iran Debunks Media Reports on Oman Negotiations v. “Opening”
Today’s Iran war news: Disappointingly, more commentators are repeating Trump bogosity as the weapons and real economy crunch worsens.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:51 am | 113 Comments »
Why Does the US Want to Spread Its Wars to the Caspian?
Despite its military limitations, Washington appears determined to settle scores on the battlefield.
Topics: Doomsday scenarios, Energy markets, Europe, Middle East, Russia, Turkey
Posted by Conor Gallagher at 5:00 am | 6 Comments »
A Brief History of How Countries Sleepwalk Into War
How America’s and other nations’ expectations of war have repeatedly been upended by the reality of fighting.
Topics: Doomsday scenarios, Guest Post, Media watch, Politics, Social values
Posted by Yves Smith at 3:10 am | 51 Comments »
Coffee Break: Armed Madhouse – Zero-Latency War
For centuries, military innovation has pursued the objective of reducing the time between observation and action. But what happens when decision latency becomes so short that meaningful human cognition no longer participates in combat? This article argues that warfare is approaching a phase transition in which the traditional objective of faster decision-making gives way to a new engineering challenge: preserving stability and control within machine-speed autonomous military systems.
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 20 Comments »
Will Climate Change Make Homes Uninsurable?
In many countries, most buyers borrow to purchase homes, with insurance required. Climate change is breaking that model.
Topics: Banking industry, Credit markets, Global warming, Guest Post, Politics, Risk and risk management, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 16 Comments »
Links 8/4/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 133 Comments »
Did the US and Israel Just Commit Their First Act of Hybrid War Against Spain?
Both countries have their motives as well as the means.
Topics: Guest Post
Posted by Nick Corbishley at 6:57 am | 16 Comments »
US Intervenes to Prop Up Japanese Yen Amid Worries About Possible Large Sales of Treasuries to Buy Yen, Carry Trade Unwind
On the US intervention to push up the yen, including some wee corrections of misperceptions.
Topics: Currencies, Dubious statistics, Economic fundamentals, Globalization, Investment management, Investment outlook, Japan, Macroeconomic policy, Politics
Posted by Yves Smith at 6:55 am | 18 Comments »



