PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett

The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs Authored by Charles Hugh Smith via OfTwoMinds blog, Correspondent Simons Chase insightfully summarized this dynamic: Privatize the Gains, Socialize the Costs. In my post Five Dynamics That Make Sense of an Increasingly Chaotic World, #3 is the distribution of risk, costs and consequences to a diffused populace while concentrating the gains into the pockets of insiders/owners: Those seeking to reduce their private risks and increase their private gains seek to concentrate the gains generated by control structures and distribute the risks and costs to...

While Israel’s public narrative on its war in Lebanon centers around the idea of defending northern Israel from Hezbollah rocket fire, commanders on the ground have told Israeli media that in practice the sole objective is to destroy Shi’ite villages in the occupied southern part of Lebanon. “The only mission is to continue the destruction,” […]

The US is striking targets in Iran in an effort to give President Donald Trump more military options to escalate the conflict.  Three US officials explained to Reuters that the current strikes against Iran are “shaping operations” meant to provide Trump with further options to escalate the conflict. The article did not discuss which options […]