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Created
Thu, 16/03/2023 - 00:16

Why the Bank Crisis is Not Over The crashes of Silvergate, Silicon Valley Bank, Signature Bank and the related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the Continue Reading

The post The Mechanics of a Bond Market and its Impact on the Banking Crisis first appeared on Michael Hudson.
Created
Thu, 16/03/2023 - 00:00
Maybe Ivermectin will cure it? Okay, wokesters, remember when teens tossed out “like” every other word? Adults lampooned this verbal pandemic decades before COVID-19. The legendary Frank Zappa’s only top-40 hit came in 1982 with a largely spoken-word Valspeak performance by his then-14-year-old daughter, Moon Zappa. Valspeak launched Whoopi Goldberg’s acting career. Wikipedia: Linguistic characteristics of valleyspeak are often thought to be “silly” and “superficial” and seen as a sign of low intelligence. Speakers are also often perceived as “materialistic” and “air-headed”. And your point is? Conservatives don’t have one, MSNBC’s Chris Hayes observed Tuesday evening. Wokety-woke rhetoric aimed at blaming women, gay people, and minorities for conservatives’ comically pervasive sense of victimization is “equal parts offensive and preposterous” and not meant to persuade anyone, but to keep their base in line, Hayes said. They are not being serious. Their aim is deflection.
Created
Wed, 15/03/2023 - 23:15

Look, I’m not like other tenants. People often ask, how am I still renting? They don’t understand that not everyone needs a house to be satisfied. Some people prefer to rent apartments. Like me. It’s not that I find ownership intimidating or am afraid of commitment; I just haven’t met the right income bracket or fixed-rate mortgage. Anyway, it’s not the size of the dwelling that matters, it’s what you do with it. I’m going to stick this out, and one day, my place is going to be really nice. All it needs is some new furniture and a few snap traps, and it will be good.

I put in a lot of effort to get here. They checked my credit scores, references, and verified my income. I’ve earned the right to call this “my apartment.” Even though, technically, it’s not. But I’m not so insecure that I have to count my living space as an asset. That’s part of the charm. Like how everything is covered in thick, white paint. Even things that shouldn’t be. The painted-over dust bunnies have a certain charm.

Created
Wed, 15/03/2023 - 22:15

By David DeCamp / Antiwar.com On Monday, the US, Britain, and Australia unveiled their plans to develop nuclear-powered submarines under AUKUS, a military pact the three countries signed in September 2021 to coordinate on advanced military technology against China. President Biden, British Prime Minister Rishi Sunak, and Australian Prime Minister Anthony Albanese formally announced the plans at […]

The post US, UK, Australia Unveil AUKUS Nuclear-Powered Submarine Deal appeared first on scheerpost.com.

Created
Wed, 15/03/2023 - 21:45

By Alex Binder / Unicorn Riot Decatur, GA – The family of Manuel ‘Tortuguita’ Esteban Paez Terán held a press conference Monday morning outside the Historic DeKalb Courthouse to release the full autopsy of Tortuguita and to discuss the lawsuit the family filed this week against the City of Atlanta under the Georgia Open Records […]

The post Cop City Protestor Manuel ‘Tortuguita’ Terán’s Independent Autopsy Finds His Hands Were Raised at Time of Death appeared first on scheerpost.com.

Created
Wed, 15/03/2023 - 21:12
In The World in the Model, Mary Morgan characterizes the modelling tradition of economics as one concerned with “thin men acting in small worlds” and writes: Strangely perhaps, the most obvious element in the inference gap for models … lies in the validity of any inference between two such different media – forward from the […]
Created
Wed, 15/03/2023 - 21:00

The US share in global arms exports increased from 33% to 40% in 2018-22, and its ally France, the third-largest exporter of weapons, was also a significant beneficiary, with its share increasing from roughly 7.1% to 11%.

The post US and NATO Allies Were Responsible for Nearly 65% of Global Arms Exports in 2018-22 appeared first on scheerpost.com.

Created
Wed, 15/03/2023 - 19:31
Welcome to my Wednesday Blog! And a new project was announced at the end of last week! Con and On Con and On is my forthcoming series from Ahoy Comics with artist Marika Cresta. It’s a tragicomic satire of five decades of the world’s biggest comics festival, and the industry that parties there. This is […]
Created
Wed, 15/03/2023 - 18:18
The transitory view of the current inflation episode is getting more support from the evidence. Yesterday’s US inflation data from the Bureau of Labor Statistics (March 14, 2023) – Consumer Price Index Summary – February 2023 – shows a further significant drop in the inflation rate as some of the key supply-side drivers abate. All…