Apollo’s Leon Black needs to develop better taste in friends.
Saturday, July 12, 2025
2:00PM Water Cooler 8/19/2020
~ Water Cooler ~
Fiscal Austerity and the Rise of the Nazis
Local economic data and election results in Weimar Germany shows that more acute austerity led to more Nazi support.
Fed Economists Finger Monopoly Concentration as Underlying Driver of Neoliberal Economic Restructuring; Barry Lynn in Harpers and Fortnite Lawsuit Put Hot Light on Tech Monopoly Power
Some good work on monopoly is marred by the bizarre inclusion of Uber. Its predatory pricing is the result of deep pockets and ideology, not potential market power.
As Courts Re-Open, Britain’s Renters Must Confront the Power of Landlords
Renters and landlords need to come to terms in the Covid-19 new normal. But it’s not shaping up to be pretty.
Has CalPERS Come Clean With Its Board Over Pending $500 Million Carlyle Deal, Tainted by Ownership of Carlyle Shares by Departed CIO Ben Meng?
CalPERS needs to come clean about its Ben Meng mess. A pending Carlyle transaction shows it’s still in cover-up mode.
2:00PM Water Cooler 8/18/2020
~ Today’s Water Cooler ~
Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess
A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.
Grim Future of Cities: State’s Growing Budget Hole Threatens New York City Jobs, Services
The New York City budget hole is getting bigger. How much of a harbinger is this for other US cities?
Major General Dennis Laich: Pentagon Needs a Bad Guy
Retired General Dennis Laich gives some insight into America’s permanent war policy.
What Will the Real American Resistance Look Like — Chaotic Rebellion or Organized General Strikes?
As lower and middle income Americans slide into dire straits thanks to Covid-19, political pressure is building. But are Americans capable of rebellion?
2:00PM Water Cooler 8/17/2020
~ Today’s Water Cooler ~
