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Links 2/24/2026 | naked capitalism

by Yves Smith
February 24, 2026
in Finance
Reading Time: 7 mins read
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These of you within the Northeast, be happy to inform your blizzard tales! I beloved blizzards however I used to be both a child or working at residence and didn’t should take care of a automobile or shoveling out a driveway.

The BBC simply launched a brand new adaptation of Lord of the Flies, the traditional novel by William Golding. It is superbly made, but it surely’s nonetheless telling the improper story.

A couple of years in the past, I went searching for the *actual* Lord of the Flies. I needed to know: has it ever truly occurred?… pic.twitter.com/xdjqHfO2e6

— Rutger Bregman (@rcbregman) February 21, 2026

Schrödinger’s shade idea lastly accomplished after 100 years Science Each day (Kevin W)

Ticks as organic weapons Multipolar by way of machine translation (Micael T)

Frozen for five,000 years, this ice cave bacterium resists fashionable antibiotics Science Each day (Kevin W)

Local weather/Setting

What a fully superb achievement! It’s lengthy been identified that legumes work with micro organism to « repair » nitrogen from the air. However Dr. Mariangela Hungarian has chosen elite strains that principally permits Brazilian soybean farms to develop with no nitrogen fertilizers! This isn’t… https://t.co/LrvADuZhsf

— Angelica 🌐⚛️🇹🇼🇨🇳🇺🇸 (@AngelicaOung) February 21, 2026

Plastic Air pollution Is Reaching Sharks Earlier than They Hatch Forbes

Scientists have discovered one other alarming sample in wildfires Grist

Poisonous lead pigment is exported on a big scale to poor international locations Anna Nyquist by way of machine translation (Micael T)

China?

China imposes export controls on 20 Japanese entities to curb ‘remilitarization’ Asahi Shimbun

China eyes Hong Kong as gold-trading hub in bid for market dominance Nikkei

Empty retailers, falling rents: industrial property takes successful in China retail droop South China Morning Put up

Japan

Japan didn’t repair the bond doom loop, it merely moved the goalposts FX Road

Koreas

North Korea touts nuclear advances as Kim re-chosen to steer ruling social gathering France24

Southeast Asia

Thai Navy Seizes Cambodian Fishing Boat in Disputed Waters The Diplomat

Africa

Japanese DR Congo scenario ‘catastrophic’, says visiting EU commissioner Africa Information

Ethiopia’s Tigray area is caught between previous battle and fears of one other Impartial

‘Affront to humanity’: Sudan slams Uganda for internet hosting RSF paramilitary boss BBC

South of the Border

Evaluation: What does the US really need of Cuba? Orinoco Tribune (Robin Okay)

Trump’s whole blockade buries Cuba in garbage Telegraph

In defence of Cuba towards the neocolonial blockade and hunger imposed by Trump Worldwide Viewpoint (Robin Okay)

European Disunion

9% of the European chemical capability has been introduced to be closed in 2025…! Most capacities will likely be closed in Germany and the Netherlands.

Why? Power prices are too excessive. The wind & photo voltaic utopia begins to chunk in Germany and the Netherlands. As does the carbon tax that… https://t.co/FoFETEtNmn pic.twitter.com/8ad3z2nH22

— Alexander Stahel 🌻 (@BurggrabenH) February 21, 2026

France blocks US ambassador’s entry to ministers after he fails to point out for assembly Guardian (Kevin W)

Greece eyes central function in Europe’s post-Russia fuel market Monetary Occasions

Are you worthy, little good friend? Nyhetsbyran Jarva by way of machine translation (Micael T). On the cultural shift in the direction of conditional belonging.

Outdated Blighty

Peter Mandelson arrested on suspicion of misconduct in public workplace Guardian (Kevin W)

Financial institution to enterprise lending development to halve amid international tensions Metropolis AM

Israel versus The Resistance

‘We Returned From Hell’: CPJ Particulars Torture of Palestinian Journalists in Israel Palestine Chronicle (Robin Okay)

Strikes push Lebanon’s ceasefire towards collapse Center East Monitor

Yemen: Houthis Launch Assault on Northern Outskirts of Hays, 6 Troopers Killed Yemen On-line

* * *

In an interview featured in Sunday’s Hyperlinks, former US Ranger Greg Stoker warned of upkeep as a threat to US operations in Iran. He depicted it as so severe that it would have an effect on some flights. He mentioned it was because of the armed forces outsourcing most upkeep (!!!), the contractors doing a awful job (one would possibly say piss poor) and there being no prepared means for the navy to deal with it once more.

THE PLANNED U.S. ATTACK ON IRAN has a hitch: many of the missile-targeting crew are queuing for bogs on the lead vessel, the USS Gerald R Ford.

This isn’t a joke. A set of emails was obtained by NPR, a US public broadcasting group, revealing that bathroom wars have damaged out… pic.twitter.com/2rbq7d5CK2

— Nury Vittachi (@NuryVittachi) February 23, 2026

Missed funerals and blocked bogs: Iran deployment takes a toll on US sailors Wall Road Journal (Kevin W)

The Strategic Dilemma On the Coronary heart of Iran’s Battle Simplicius (Kevin W). Practically all the ex-military, ex-CIA unbiased commentators disagree with a key declare by Simplicius: {that a} delay within the US assault works to the US benefit by permitting them to get navy belongings into an optimum place. The US skeptics level out that it offers Russia and China extra time to offer defensive belongings (and provides Iran extra time to combine them with present techniques) and maybe additionally get extra little inexperienced males in place.

The Iran Information I – The Revolutionary State the West Retains Saving Kautilya

Syraqistan

Pakistan launches lethal strikes on Afghanistan BBC

5 terrorists killed throughout operation in Balochistan’s Pishin Geo Information

New Not-So-Chilly Battle

The Russian financial system is consuming its personal muscle to outlive as Putin’s conflict on Ukraine destroys future capability, former central financial institution adviser says Fortune. Was she an adviser through the Yeltsin days? A fast search didn’t flip up a bio with readability on dates.

Russian Overseas Affairs Ministry Points Its 24 February 2022 Reminder Karl Sanchez

Russia’s cucumber disaster as a disaster of German journalism Nachdenkseiten by way of machine translation (Micael T)

Imperial Collapse Watch

The harmful endgame of US-led capitalism – and the worldwide system different, Half 1 Nachdenkseiten by way of machine translation

Cataclysmic Superfecta Constantine Passaris

China’s latest air pressure jets have next-generation radars. New USAF F-35’s don’t have any radars in any respect Kevin Walmsley

Trump 2.0

Decide blocks launch of particular counsel Smith’s report Related Press. resilc: “Alito’s alternative.”

White Home taunts Canada after hockey loss RT. Kevin W: “Don’t neglect to look at the video.”

Tariffs

China warns of retaliation as Trump unveils new tariff plan Asia Occasions (Kevin W)

Half II: IEEPA Tariff Ruling’s Losers Barry Ritholtz

ICE Rampage

Trump, ICE, and the Imperialist Boomerang: The Empire Comes Dwelling Fiorella Isabell

BLOOD MOON over Minneapolis: 3/3/2026 Dale O’Brien. It is a large departure from our regular programming. Nevertheless, many many merchants on Wall Road use astrology to tell the timing of their buying and selling, a lot in the identical means that buyers who profess to not imagine in technical buying and selling nonetheless make some use of it as a result of so many merchants try this it does have a worth impact. I infer that this March 3 lunar eclipse seems to be a doozy and surprise is a few buyers would possibly attempt to get out of its means.

L’affaire Epstein

The Epstein Information Ought to By no means Have Been Launched New York Occasions. Christopher F: “Ooh, it is a doozy, a device from the deepstate selling Israel safety.” Moi: Nary a point out that the discharge took place as a result of Congress passing laws that handed 99 to 0 within the Senate, acquired just one opposing vote within the Home, and was signed by the President. A lot for prosecutors believing within the regulation.

Economic system

International commerce trapped between US tantrums and China’s bravado Asia Occasions (Kevin W)

BREAKING: The Cass Freight Index fell -7.1% YoY in January, to 0.89 factors, now right down to its lowest degree since April 2009.

This index tracks freight volumes throughout North America and is seen as a gauge of US financial momentum.

This additionally marks the thirty sixth consecutive month-to-month… pic.twitter.com/lMKfuMbHGS

— The Kobeissi Letter (@KobeissiLetter) February 21, 2026

Mr. Market is Edgy

Non-public Fairness’s Dry Spell Now Worse Than 2008 Disaster, Bain Says Bloomberg

Why personal credit score’s new cockroach second has GFC echoes Australia Monetary Evaluation

Cracks are starting to seem within the murky world of personal credit score Telegraph

How the AI debt binge shattered hyperscalers’ ‘unstated contract’ with buyers CNBC

Off-Stability Sheet AI Financing Stirs Tech Bubble Fears OilPrice

AI

Seems Generative AI was a rip-off Gary Marcus

Towards sloppification Duncan Reyburn (Stephen V)

Anthropic clashes once more with the Pentagon on AI use and ethics Observer

Sam Altman Fumes That It Takes Longer to Practice a Human Than an AI, Plus They Eat All That Wasteful Meals Futurism. Why has nobody declared Altman to be a traitor to his species?

Sam Altman: Know What Else Used a Lot of Power? Human Civilization Gizmodo (Kevin W). The vanity, it burns.

Antidote du jour (by way of):

See yesterday’s Hyperlinks and Antidote du Jour right here

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