Yves here. Readers will notice a marked disconnect between Michael Olenick’s grim account of the impact of the automation of the early industrial era on workers’ lives as to his more sanguine posture for the future. One way to reconcile the two is that major shift in automation can have significant transition costs in terms […]
Recent Items
Sunday, August 25, 2024
Automation Armageddon: a Legitimate Worry?
Topics: Guest Post
Posted by Yves Smith at 12:38 am | 32 Comments »
2:00PM Water Cooler 10/16/2019
Today’s Water Cooler: Turkey and automobile production, Biden, Sanders squad endorsements, Warren, the debate, impeachment, retail sales, business inventories, housing market, retail, Dutch tulips, the Cloud, OS X mail bug, shale, autumm leaves, GM strike, brain tuning, Pumpkin Spice for Men
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 106 Comments »
The People’s Money (Part 1)
An explanation of the Federal Reserve money system.
Topics: Banking industry, Credit markets, Federal Reserve, Guest Post, Payment system
Posted by Yves Smith at 9:55 am | 59 Comments »
Links 10/16/19
Topics: Links
Posted by Yves Smith at 6:55 am | 214 Comments »
Trump’s Border Wall is a Multi-Billion Dollar Corporate Handout
How Trump made the long-standing border boondoggle even bigger.
Topics: Banana republic, Free markets and their discontents, Globalization, Guest Post, Income disparity, Legal, Politics, Privatization, Ridiculously obvious scams, Surveillance state
Posted by Yves Smith at 5:04 am | 20 Comments »
Elizabeth Warren Wants Green Trade Deals. What Does That Mean?
Is what Democratic candidates mean by “green trade deals” what environmentalists and trade experts mean?
Topics: Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 4:21 am | 5 Comments »
Live Blog: Democrat Presidential Primary Debate #6 in Westerville, Ohio
Candidates! Candidates! Candidates! ★★★Twelve candidates on one stage!★★★ Come on down!
Topics: Guest Post, Politics
Posted by Lambert Strether at 7:30 pm | 454 Comments »
2:00PM Water Cooler 10/15/2019
Today’s Water Cooler: China trade, Biden, Buttigieg, Gabbard, Warren, Yang, influencers, woman truckers, SpaceX, Fortnite, PG&E, The Economist throws in the towel on robot cars, power outage, scientists supporting non-violent direct action, Medicaid estate recovery, inequality, Simone Biles, politeness
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 125 Comments »
How to Know Which Impeachment Polls to Believe – and Which to Skip
Since impeachment looks likely to stay front and center of the news, how to make sense of polls.
Topics: Dubious statistics, Guest Post, Politics
Posted by Yves Smith at 9:55 am | 21 Comments »
Links 10/15/19
Topics: Links
Posted by Yves Smith at 6:55 am | 145 Comments »
Making Profit Should Not Now Be the Primary Goal of a Business: Being Net-Zero Carbon Should Be
Central banker Mark Carney argues for green economy gradual transition, Can’t get too much in the way of almighty profit.
Topics: Doomsday scenarios, Dubious statistics, Environment, Free markets and their discontents, Global warming, Guest Post, Regulations and regulators
Posted by Yves Smith at 4:22 am | 93 Comments »
California’s New Transparency Law Reveals Steep Rise In Wholesale Drug Prices
Drug price data in Califorinia shows mind-boggling increases in wholesale prices since 2019. Of course, the industry claims that that information is misleading.
Topics: Banana republic, Dubious statistics, Free markets and their discontents, Guest Post, Health care, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 4:04 am | 9 Comments »
The IMF Convenes in Washington, Deaf to the Suffering It Causes Across the Planet
A brief reminder of the IMF record of failure and harm.
Topics: Banana republic, Banking industry, Credit markets, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Politics
Posted by Yves Smith at 12:05 am | 21 Comments »
Down to the Wire, Last Chance for Our 2019 Fundraiser!
Final call for this year’s fundraiser. Please chip in if you haven’t already, and very big thanks if you have!
Topics: Notices
Posted by Yves Smith at 9:47 pm | Comments Off on Down to the Wire, Last Chance for Our 2019 Fundraiser!
Countdown!
We met one of our final goals! One left to beat! Will you help make this the best fundraiser evah?
Topics: Notices
Posted by Yves Smith at 7:04 pm | 3 Comments »