Friday, December 12, 2025

Russian Central Bank Sues Euroclear Over Frozen Assets; Will the EU Be Hoist on the Investor-State Settlement Disputes (ISDS) Petard?

Hoo boy. Russia looks to be using much demonized (by labor and environmental rights advocates) investor-state dispute settlement provisions to pursue Euroclear.

Links 12/12/2025

The Empire of Lies Is Once Again Sowing Chaos In Its Own “Back Yard”

This is unlikely to end well for all parties concerned, including the US.  

Jeffrey Sachs: Trump’s Empire of Hubris and Thuggery

Trump’s latest National Security Strategy memorandum treats the freedom to coerce others as the essence of US sovereignty.

AI’s Errors May Be Impossible to Eliminate – What That Means for Its Use in Health Care

Even with concerns about using AI in medicine, proponents contend doctors can properly oversee its use. Is that realistic?

Doha Forum in Qatar: Another Node on the Grid of the Machine

Doha Forum in Qatar reveals how today’s global debates feed the larger machine of growth and power, with little space for divergent thinking

Israel Is Acting with Impunity. Is It Overconfident in Trump’s Support?

More Americans support Palestine than Israel for the first time ever. But does that matter to Trump?

Links 12/11/2025

Trump Administration Joins EU in Russian Frozen Asset Madness

I want whatever Team Trump is smoking. Their Russian frozen assets plan has achieved impressive new levels of delusion.

U.S. Seizes Oil Tanker Off Venezuelan Coast

Some updates on the US capture of an oil tanker that had just departed from Venezuela.

Economic Questions: James Tobin’s Transaction Tax

A Tobin tax is a no-brainer for reducing speculation and financial crisis risk. That is reason enough to keep it from being implemented.

The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?

A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble

Coffee Break: GOP Lures Jasmine Crockett Into US Senate Primary

The GOP has succeeded in luring U.S. Representative Jasmine Crockett into entering the Democratic primary for U.S. Senate. Time will tell if they regret getting their wish, but progressives should be under no illusion about her politics.

Wordle, the Wisdom of Crowds, and Bubbles

What Wordle play says about markets and bubbles.

Links 12/10/2025