How Far Can The Yen Fall Before Japan Goes Bankrupt?
How Far Can The Yen Fall Before Japan Goes Bankrupt? We may be about to find out Japan’s ongoing march to national bankruptcy has been a recurring theme here. See: Japan Is In That Box Japan Takes Another Step Towards the Cliff How a Country Goes Bankrupt, In 10 Steps Now the death spiral has […]
El Niño is nearing its end. Does that mean global temperatures will cool down in 2024?
El Niño is nearing its end. Does that mean global temperatures will cool down in 2024? March was the 10th month in a row with record-breaking temperatures A view of a digital sign displaying the high temperature in Death Valley, Calif., on July 15, 2023. Global temperatures hit a record that month, and the year […]
This really is World War III
This really is World War III It’s Team Tyranny vs. Team Freedom in the fight of our lives I’ve seen some crazy things over the last few years but this is off-the-charts insane. Last week, Michael E. Mann spoke at the EcoHeath Alliance: Green Planet One Health Benefit 2024. Just to recap who each of these […]
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months A deeper dive into personal income and outlays for March shows significant signs of consumer stress to maintain standards of living. Real Income and spending data from the BEA, chart by Mish This is a follow-up with a couple new charts […]
From One Ignorance to the Next
From One Ignorance to the Next Is humanity a herd of animals, doomed to follow its rulers to slaughter? There is a tendency to view history as if it were a personified being, as if it has a mind of its own and is trying to accomplish predetermined goals for humanity. One version of this […]
The Politics and Policy of a National Climate Emergency Declaration
The Politics and Policy of a National Climate Emergency Declaration If climate and energy policy matter, then here are the three questions to ask instead Yesterday, Bloomberg reported that the Biden Administration is once again considering declaring a national “climate emergency,” explaining that such a declaration could be used to “halt [fossil fuel] exports, drilling.” Today, I […]
Scientists Terrified by How the Climate is Falling Apart
Scientists Terrified by How the Climate is Falling Apart “If the fracturing of our once stable climate doesn’t terrify you, then you don’t fully understand it!” “While those of us working in the climate science field know the true picture, and understand the implications for our world, most others do not,” he wrote. “And this is […]
Bank Failures Begin Again: Philly’s Republic First Seized By FDIC
Bank Failures Begin Again: Philly’s Republic First Seized By FDIC Who could have seen that coming? (here, here, here, and most detailed here) Admittedly, we were a couple of weeks off, but trouble has been brewing in the banking sector and tonight – after the close – we get the first bank failure of the year.
What did they expect?
What did they expect? My house backs on to a railway line which is now exclusively for passenger trains. It wasn’t always this way though. There was a time when the relative peace was broken six times a day by the roar of freight trains heading up the Rhymney Valley. Their destination was the coal […]
UK Navy Reports Two Vessels Attacked In Red Sea, One Damaged
UK Navy Reports Two Vessels Attacked In Red Sea, One Damaged Yemen’s Iran-backed Houthi rebels may have launched attacks on two vessels transiting southwest of Mukha, a port city on the highly contested southern Red Sea. Bloomberg says the UK Navy has confirmed two attacks on vessels in a series of headlines hitting the Terminal around 1400 ET. UK […]
Leading German politician calls for the state to issue “revocable social media licenses” for the privilege of commenting online
Leading German politician calls for the state to issue “revocable social media licenses” for the privilege of commenting online If only speech were not a right but a privilege granted selectively by the state, our democratic freedoms would be that much more secure. You may remember this man. His name is Mario Voigt, and he is […]
Pinning down climate change’s role in extreme weather
Pinning down climate change’s role in extreme weather and did climate change contribute to the flooding in Dubai? In the wake of any unusual weather event, someone inevitably asks, “Did climate change cause this?” In the most literal sense, that answer is almost always no. Climate change is never the sole cause of hurricanes, heat […]
The Ghetto-ization of American Life
The Ghetto-ization of American Life Behind the facade of normalization, even high-income lifestyles have been ghetto-ized. Consider the defining characteristics of a ghetto: 1. The residents can’t afford to live elsewhere. 2. Everything is a rip-off because options are limited and retailers / service providers know residents have no other choice or must go to […]
1 in 5 samples of pasteurized milk had bird flu virus fragments, FDA says
1 in 5 samples of pasteurized milk had bird flu virus fragments, FDA says Milk sampled from areas with infected herds of dairy cows was more likely to be positive. Matt Rourke / AP file The Food and Drug Administration said Thursday that traces of the bird flu virus have been found in 1 in 5 samples […]
