Monday, November 24, 2025

Citi’s Recidivist Rule-Breaking and Incompetence Shows Persistence of Too Big/Complex to Fail Problem

Citi’s latest run-in with regulators shows why comparing big banks “too big/complex to fail” problems to those of Big Tech is all wet.

Michael Klare: How the US Plays Nuclear Chicken with Russia and China

eeping tabs on US nuclear provocations of Russia and China.

Why the Phrase “Access to Health Care” Should Always Pin Your Bullsh*t Detector (and You’re Not Alone)

How the ubiquitous phrase “access to health care” erases financial and “administrative burdens,” a fact now only beginning to be recognized by health are professionals.

Links 10/11/2020

Low Labour Shortages Can Help Explain Sluggish Wage Growth

Real-time indicators based on qualitative survey data provided an overly optimistic picture of labour market conditions and wage growth in the aftermath of the Great Recession.

Links 10/10/2020

Pandemic Erects Barriers for Prized Bloc of Voters in Nursing Homes, Senior Facilities

How voters in retirement facilities are being disenfranchised.

Rana Foroohar and Mark Blyth: How Deep Will the Depression Get?

Rana Roroohar and Mark Blyth discuss the elections, tech, China, and Covid v. recovery with Paul Jay.

2:00PM Water Cooler 10/9/2020

By Lambert Strether of Corrente Patient readers, brunch ran a little late. More soon! –lambert UPDATE And then my mailer, as it does, decided not to send me my research, after behaving nicely for some days. Aaargh! UPDATE All done, sadly leaving far too much on the cutting room floor…. Bird Song of the Day […]

‘A Definite and Sustained Increase’: Europe Leads Record Single-Day Worldwide Covid-19 Infection Surge

Europe reported nearly 100,000 new Covid-19 infections on Thursday—more than in the U.S., India, and Brazil, the world’s Covid-19 case leaders

Links 10/9/2020

CalPERS CEO Marcie Frost Says She’s Not in Charge and Lies to the Board About Receiving a Warning from the Fair Political Practices Commission

CalPERS CEO Marcie Frost doesn’t even bother to lie well.

New York City Seeks to Shortchange Teachers on $900 Million of Back Pay

Another sign of increasing budget problems in New York City.

Burning Injustice: Why the California Wildfires Are a Class Crisis

The rich paid for protection from wildfires while the poor burned. A harbinger of the class divide in coming climate disasters?

2:00PM Water Cooler 10/8/2020

By Lambert Strether of Corrente Bird Song of the Day Good morning! #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. Here are the United States regions: Unmistakable rise in all regions now. Ugh. Here are the Swing States as I […]