When ICE Ramped Up Enforcement, US‑Born Workers Didn’t See Any Economic Gains
US natives did not see wage gains from ICE crackdowns. But the story looks more complicated than some suggest.
Read more...Author Archives: Yves Smith
Iran War: New Reports of Agreement on Memo of Understanding Effectively Shot Down by Bessent as He Also Repeats Threats Against Oman; Israel Attacks Beirut; More Warnings of Energy Price Cliff Plus Claim Trump Made Illegal Below-Market SPR Sales
Today’s Iran war news: More Axios “deal is sealed” fake news as real economy costs of continued conflict look even more dire.
Read more...It’s Not Just High Gas Prices – Inflation Is Now Spreading Through the US Economy
Inflation is rising and set to become more severe and puts the Fed in a bind.
Read more...The Brits, French, & Germans Are Now Right on Russia’s Doorstep
Russia has cleared its throat about naked European escalatory threats and belligerent moves. What next?
Read more...Iran War: US Attacks Iran for Second Day as Trump Rejects Leaked Iranian Outline of Terms, Threatens to Bomb Oman; US Draining of Strategic Petroleum Reserve to Contain Energy Prices Means Energy Cliff Arrives Sooner
Today’s Iran war update: The US and Iran trade blows as Trump forcefully rejects fundamental Iran demands and Israel pounds Lebanon.
Read more...Electile Dysfunction—Why Can’t the Democrats Get Their Polls Up?
Quelle surprise! The Democrats will not attend to the material needs of its traditional popular base because it is thrall to its donor class.
Read more...Satyajit Das: Book Essay: In Western Eyes – A History of the idea of the West
A treatise on what the idea of the West falls short on synthesis but still provides good grist for discussion.
Read more...Blair Invokes AI to Revive TINA, Denying TIARA
Swamp creature Tony Blair emerges to tell the suffering public that they should accept even more hardship because AI.
Read more...Links 5/27/2026
Iran War: Negotiations Deadlocked on Fundamental Issues as Media Keeps Up Happy Talk; Iran Promises Retaliation as US Still Coiled to Strike
Today’s Iran war news: Much of the media depicts to-ing and fro-ing as progress while Israel escalates in Lebanon and the energy cliff nears
Read more...A Short History of Sportswriting: The Clues Are on the Billionaires’ Scorecards
A retrospective on US sportswriting, with a focus on class warfare.
Read more...A More Resilient Europe Faces a Renewed Energy Shock – But Difficult Trade-Offs May Resurface
A new analysis of the impact of the Iran war on the energy and economic prospects for Europe has a whistling-pas-the-graveyard feel.
Read more...Links 5/26/2026
Iran War: US and Iran Exchange Fire as Trump Reveals Extent of Israel Capture With Barmy Abrams Accord Proposal; Continued Denial of Approaching Energy Crunch After Reserves Depleted
Iran war news: Negotiations are supposedly advancing despite a US attack, a fiery Khamenei speech, and Israel declaring “full war” in Lebanon
Read more...Iran War: Trump-Claimed Agreement Coming Apart as Iran Sticks to Long-Held Positions and Republican Stalwarts Rebel; Experts Argue It May Be Only to Temporize
Today’s Iran war news: As the latest Iran war “deal” comes unglued, it looks like it was intended merely to hit the pause button….why?
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