Author Archives: Yves Smith
What’s at Stake in Trump’s Executive Order Aiming to Curb State-Level AI Regulation
Fortunately, an executive order won’t stop states from restricting AI. But expect the Administration to try other routes.
Read more...Political Power and Profitable Trades in the US Congress
A new study finds that it’s not the Congress rank and file that generates insider trading big bucks, only some of the leaders.
Read more...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.
Read more...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.
Read more...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?
Read more...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?
Read more...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.
Read more...U.S. Seizes Oil Tanker Off Venezuelan Coast
Some updates on the US capture of an oil tanker that had just departed from Venezuela.
Read more...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.
Read more...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
Read more...Wordle, the Wisdom of Crowds, and Bubbles
What Wordle play says about markets and bubbles.
Read more...How Corporate Democrats Made Trump Possible: A 10-Year Timeline
Yes, corporate Democrats did indeed grease the skids for Trump’s presidency, but the key misdeeds go back to Obama.
Read more...Trump’s Idea for Health Accounts Has Been Tried. Millions of Patients Have Ended Up in Debt.
A look at Trump’s non-solution to the looming problem of the expiration of Covid-era ACA subsidies.
Read more...
