The Great AI Displacement: Fracturing Tomorrow’s Labor Market
An industry participant debunks a paper predicting that the labor market effect of AI will be so bright that we will all have to wear shades.
Read more...Author Archives: Yves Smith
“Who Gets to Decide How Much Is ‘Enough’ to Live a Good Life?”
A new climate change fix of sustainable limits bizarrely hypes that collective groups will decide, ignoring power and wealth inequality
Read more...The World is in Water Bankruptcy, UN Scientists Report – Here’s What That Means
Water bankruptcy does not just happen gradually, then suddenly, but also with the prospect of violence.
Read more...Satyajit Das: President Trump’s Spat With the Federal Reserve Is Not About Central Bank Independence
A look at the overly-large, internally conflicted role of the Federal Reserve and Trump’s dodgy aims in trying to bring it under his control.
Read more...ICE Called Out by Minneapolis Police for Harassing Off-Duty Officers of Color as DOJ Targets Minnesota Officials Personally with Criminal Subpoenas
As authoritative proof of ICE civil rights abuses emerges, the Feds issue criminal subpoenas against officials seeking an injunction.
Read more...NYC Is Testing Guaranteed Income for Homeless Youths. Here’s How It’s Going.
A new program to give a monthly stipend and other support to homeless young people in New York City is showing promising initial results.
Read more...Links 1/20/2026
Europe Can Impose Costs on Trump Over Greenland, But Looks Too Craven To Try
Though it seems highly unlikely given weak and incompetent leadership in Europe, it has cards to play to stymie Trump’s Greenland grab.
Read more...Inside the Economics of Venezuela’s Elusive Oil Reserves
Debunking Trump Venezuela oil claims.
Read more...Polymarket Manipulation and Other Guessing Games
How Polymarket traders using tools like “insider finder” to identify positions that look based on special intel can be fleeced.
Read more...“We Are Watching Critical Thinking Disappear in Real Time” Due to AI Addiction: 40% of Kids Can’t Read, Teachers Quitting in Droves
How AI and device overstimulation are producing students with severe deficiencies in reasoning and information processing skills.
Read more...Links 1/17/2026
1 Year Into Trump 2.0, the Social Security Administration Is in Disarray
If you are so unfortunate as to need assistance from the Social Security Administration, good luck with that.
Read more...Book Review: A Portrait of the Arctic World in Flux
Neil Shea’s “Frostlines” captures the terror and beauty of the Arctic, a region often dismissed as “big, cold, white, and far away.”
Read more...The Day of the Dollar: Is It Over?
More on the prospects for the dollar. Even under Trump, it remains the cleanest shirt in the laundry bin.
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