Drug price gouging is so widespread in the US that it seems unlikely that there will be enough outrage to limit coronavirus drug price gouging.
Recent Items
Monday, June 30, 2025
“A Scandal’: Contracts Show Trump Giving Big Pharma Free Rein to Price Gouge Taxpayer-Funded Coronavirus Drugs
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Pandemic, Politics, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 4:48 am | 22 Comments »
Education 101: Don’t Open a New Charter School in the Middle of a Pandemic
A hard look at charter school misleading ads, racial segregation, and dodgy economics.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Politics, Privatization, Ridiculously obvious scams, Social policy, The destruction of the middle class
Posted by Yves Smith at 4:26 am | 9 Comments »
2:00PM Water Cooler 7/2/2020
~ COVID cases and death rate ~ Biden cognition ~ Biden COVID plan ~ Project Lincoln pushes for war with Russia ~ Trump staff reshuffle ~ Employment situation, manufacturing ~ Robot trucks ~ FBI nabs Ghislaine Maxwell ~ Eviction rocket docket ~ Nathan Tankus ~ VIP parties ~ Bonnard art bot
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 164 Comments »
Some New Climate Models Are Projecting Extreme Warming. Are They Correct?
Why some of the more dire predictions of climate models may be an overshoot.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post, Science and the scientific method
Posted by Yves Smith at 9:55 am | 42 Comments »
Links 7/2/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 203 Comments »
How Much More Cash Can Uber Burn?
Moar Uber wheel-spinning.
Topics: Dubious statistics, Guest Post, Ridiculously obvious scams, Uber
Posted by Yves Smith at 5:46 am | 17 Comments »
Lots of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning
No, Case-Shiller is not yet a reflection of home prices during the Pandemic. Be patient.
Topics: Dubious statistics, Economic fundamentals, Guest Post, Investment outlook, Media watch, Real estate
Posted by Yves Smith at 4:30 am | 9 Comments »
New Complaint With California Watchdog Charges CalPERS Board Member Theresa Taylor With Perjury for Filing False Declarations That Hid Over $30,000 of Income; Follows Fines of Board President Jones for Campaign Violations
CalPERS vice president and Investment Committee chairman Theresa Taylor had engaged in an apparent clear cut perjury by failing to disclose income.
Topics: Banana republic, CalPERS, Legal, Politics
Posted by Yves Smith at 7:15 pm | 15 Comments »
2:00PM Water Cooler 7/1/2020
COVID-19 problem states ~ “Bar lives matter” ~ Biden and Barbara Lee ~ Biden and Bushies ~ Call for Sanders canvassers ~ James Fallows on Trump’s pandemic response ~ Booker concession ~ Kentucky balloting issues ~ Wirecard’s frozen accounts ~ Corvids ~ Divine ~ Droplet dispersal ~ RAF Luton
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 180 Comments »
The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy
Why using credit as an economic remedy evenutally does more harm than good.
Topics: Banana republic, Banking industry, Credit markets, Economic fundamentals, Federal Reserve, Guest Post, Moral hazard, Pandemic, Politics, Regulations and regulators, Ridiculously obvious scams, The dismal science
Posted by Yves Smith at 9:55 am | 6 Comments »
Links 7/1/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 156 Comments »
Beneath the Bluster, Boris Johnson’s ‘New Deal’ Offers Nothing New
Boris Johnson’s effort at a New Deal Big Lie goes splat.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Economic fundamentals, Guest Post, Macroeconomic policy, Pandemic, Politics, UK
Posted by Yves Smith at 6:12 am | 25 Comments »
Los Angeles Hit Hard by Implosion of Freelance Work
The collapse of high-end freelance work isn’t just about the loss of incomes. If it persists long enough, it means the loss of capabilities.
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Pandemic, The destruction of the middle class
Posted by Yves Smith at 5:38 am | 54 Comments »
The Federal Government Always Money-Finances Its Spending: A Restatement
An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.
Topics: Banking industry, Credit markets, Federal Reserve, Guest Post, Legal, Macroeconomic policy, Payment system, Politics
Posted by Yves Smith at 3:30 am | 21 Comments »
2:00PM Water Cooler 6/30/2020
COVID-19 and problem states with CA and FL ~ Biden campaign onboards the Obama Alumi Association ~ Biden as FDR ~ PMC reaction ~ Maté on Afghan bounties ~ McGrath v. Booker ~ Coincident indicators, manufacturing, housing ~ Wirecard debacle ~ Billionaires FTW ~ RIP Carl Reiner
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 126 Comments »