The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.
Tuesday, November 25, 2025
2:00PM Water Cooler 1/19/2021
By Lambert Strether of Corrente. Bird Song of the Day Sadly, the state bird of Delaware, the Blue Hen, is not a distinct species. #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. I feel I’m engaging in a macabre form […]
“They Left Us Starving”: How the Fashion Industry Abandoned Its Workers
Yves here. Many associate sweatshops in Sri Lanka and Bangladesh with “fast fashion,” aka the close-to-disposable frocks made by the likes of H&M. As this article explains, the use of ultra-cheap labor extends much further up the fashion food food chain. And these poorly-paid workers get thrown to the curb when orders fall off. By […]
Perhaps It’s Time to Start Worrying About Italy Again
The causes for concern surrounding Italy are growing, even as the ECB keeps a tight lid on its bond yields, pushing its debt servicing costs lower as its debt explodes higher.
The Pain of Service Crapification
How Covid is extending the reach of crapification.
Will North Korea Explode After Biden Becomes President?
North Korea is in even more of an economic mess than before. Will that lead to more brinksmanship?
The Class Composition of the Capitol Rioters (First Cut)
A self-funded, petite bourgeoisie riot?
2:00PM Water Cooler, Martin Luther King Day 2021
~ Today’s Water Cooler ~
Why Martin Luther King Day Should Matter
Martin Luther King, Jr.’s true legacy.
More Jockeying on Kentucky Pension Case, Mayberry v. KKR
Mayberry v. KKR may finally be getting to the starting line.
The Merits of Fire Sales and Bailouts in Light of the COVID-19 Pandemic
Fire sales are not as detrimental as executives desperate to save their jobs would have you believe. That means bailouts may be overdone.
Another Warning About Comments
We are again having to clear our throat about comments.
Notes on Covid: New Variants in Brazil and South Africa, Herd Immunity Fails in Manaus, Success in Vietnam
Realism on covid variants and immunity, the failure of herd immunity in Manaus, and how Vietnam fought Covid and won.
