Neil Weinberg and David Voreacos published an in-depth account at Bloomberg of how private equity baron Roger Smith escaped being indicted for criminal tax fraud despite having concealed over $200 million in income. The very short version is that Smith and his allies got to Attorney General William Barr, both through Barr’s former firm Kirkland […]
Recent Items
Monday, November 17, 2025
Criminal Tax Cheat Robert Smith of Private Equity Firm Vista Gets a Pass for Conduct Worse Than Apollo’s Leon Black, Now in Epstein Doghouse
Topics: Legal, Politics, Private equity, Ridiculously obvious scams, Surveillance state, Taxes
Posted by Yves Smith at 6:20 am | 14 Comments »
Is There Really a Problem with Left Wing Extremism in the UK, or Is the Government Seeking Excuses to Suppress Fair Protest?
Governments on both sides of the pond are in “never let a crisis go to waste” mode. Aggression by the right is cause to stomp on a weak left.
Topics: Banana republic, Guest Post, Media watch, Politics, UK
Posted by Yves Smith at 6:18 am | 39 Comments »
Guantánamo Prisoner to Joe Biden: ‘The Last Two Decades of My Life Have Been a Nightmare Without End’
Guantánamo is a daming example of American lack of concern over the lives it casually ruins.
Topics: Guest Post, Middle East, Moral hazard, Politics
Posted by Yves Smith at 12:58 am | 21 Comments »
Corporate Concentration in the US Food System Makes Food More Expensive and Less Accessible for Many Americans
How Big Food increases prices in categories like bread, beer, processed chicken, and packaged salad, and what to do about it.
Topics: Commodities, Free markets and their discontents, Guest Post, Income disparity, Market inefficiencies, Permaculture, Regulations and regulators, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 2/9/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 130 Comments »
How the Catalonia Question Caused Blushes for Brussels in Moscow
In a heated face-off Russia reminded the EU that when it comes to imprisoning politicians, it too has form. In Catalonia tensions are coming back to the boil as new elections loom.
Topics: Europe, Guest Post
Posted by Nick Corbishley at 6:31 am | 25 Comments »
One Year After the Collapse of the Airline Business Began: What’s the Status Now?
Collapsed revenues, astronomical losses, red-hot cash-burn, hellish new debt. Meanwhile, amid craziest markets ever, airline shares soared.
Topics: Economic fundamentals, Guest Post, Investment outlook, Pandemic
Posted by Yves Smith at 4:59 am | 48 Comments »
Intellectual Property Cause of Covid Death, Genocide
Refusal to temporarily suspend several WTO intellectual property provisions to accelerate broad progress against the pandemic is genocide.
Topics: Banana republic, China, Free markets and their discontents, Globalization, Health care, Legal, Pandemic, Politics, Russia, Technology and innovation
Posted by Yves Smith at 3:59 am | 22 Comments »
2:00PM Water Cooler 2/8/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 120 Comments »
Myanmar Coup and Fast Fashion: Sanctions Would Harm Poor Textile Workers
Last week’s military coup has reduced Myanmar’s attractiveness as a source of supply for the fast fashion industry.
Topics: Global warming, Globalization, Guest Post, Income disparity, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 9:55 am | 8 Comments »
Links 2/8/2021
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 155 Comments »
Goldman Is Evil But McKinsey Is Worse
Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that’s not likely to change.
Topics: Banana republic, Banking industry, China, Credit markets, Economic fundamentals, Free markets and their discontents, Health care, Legal, Private equity, Regulations and regulators, Ridiculously obvious scams, Social values
Posted by Yves Smith at 6:37 am | 55 Comments »
‘Unbelievable,’ Says Sanders, That Some Dems Want to Further Limit Eligibility for Covid-19 Relief Checks
Sen. Bernie Sanders denounces Democrats who would narrow eligibility requirements for the next round of stimulus payments.
Topics: Banana republic, Guest Post, Income disparity, Pandemic, Politics, Social values, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 5:25 am | 79 Comments »
America, the Unreliable Superpower: Can Biden Shore Up Its Record?
Biden promises to go back to a US superpower old normal that was still a pretty unsettling ride for our allies.
Topics: Banana republic, Globalization, Guest Post, Middle East, Politics
Posted by Yves Smith at 12:11 am | 30 Comments »
Will 2021 Be the Year for the Right to Repair?
Will 2021 be the year that sees many states adopt a right to repair? Farmers may be the first to benefit, with digital consumers next.
Topics: Doomsday scenarios, Environment, Global warming, Legal, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 9:55 am | 10 Comments »


