How a Cooperative Run by the Formerly Incarcerated Is Reshaping Chicago’s Food Industry
In Chicago, the formerly incarcerated are prepping locally sourced meals for schools, nursing homes and transitional housing facilities.
Read more...Category Archives: Market inefficiencies
Construction Costs Spike 17.5%, Worst Since at Least 1965. Inventories of New Houses Pile Up, Highest Since 2008. Median Price Dives as Mix Shifts
A rise of unfinished houses thanks to construction delays. Massive supply building up in the pipeline.
Read more...How Inequality Leads to Industrial Feudalism
How highly unequal asset ownership diminishes social mobility and institutionalizes modern-era feudalism.
Read more...Russell 2000 Drops Below Year Ago Level. Collapse of IPOs, SPACs, Housing “Tech” Stocks, ARKK, etc. Progresses
The most-hyped stocks are collapsing, some by 90%, such as EV SPACs, as the sordid underbelly of the stock market comes unglued.
Read more...Oil & Gas Investors Are Underestimating This Systemic Risk: Plugging Costs
An issue to keep in mind as fossil fuel demand declines: plugging costs can no longer be kicked down the road.
Read more...Share Buybacks Surge to Record Ahead of Potential 1% Tax: Companies Buy as Insiders Dump like there’s No Tomorrow
Buy High, Don’t Buy Low. Prices are sky-high and but company buybacks are red hot.
Read more...General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization
How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.
Read more...Carbon Tax Over-Rated
A carbon tax is an idea that has been around yet never deployed despite potential benefits because reasons, such as hurting the poor.
Read more...Does America Want a CHIPS for Buybacks Act?
To bring more chips-making back to the US, Congress should condition additional funds on suspending stock buybacks.
Read more...‘America Has a Monopoly Problem’: Coalition Backs Legislation to Break Up Big Tech
Anti-monopoly interests have proposed a series of bills to give regulators more power, particularly with respect to tech.
Read more...Behold the Watered Stock’s New Variant!
Back to the future! Welcome to the successor to a 19th century favorite, watered stock.
Read more...Why Elon Musk Isn’t Superman
Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.
Read more...US History Shows Spending on Infrastructure Doesn’t Always End Well
Despite promoters’ claims, infrastructure projects often aren’t great public successes.
Read more...The Moral Hazard of Limited Liability
Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.
Read more...Wolf Richter: After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments
Railroads are finding it difficult to hire workers and their labor shortfall has prevented them from meeting transportation demand
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