Trump proposes yet more tax breaks, which would do more for the stock market than for the real economy.
Recent Items
Friday, October 4, 2024
Amid Recession Warnings, Trump Reportedly Considering More Tax Cuts for Rich and Corporations
Topics: Banana republic, Economic fundamentals, Guest Post, Income disparity, Investment outlook, Taxes
Posted by Yves Smith at 3:16 am | 9 Comments »
2:00PM Water Cooler 8/21/2019
By Lambert Strether of Corrente Readers, I had a schedule debacle and so this Water Cooler is at present shockingly truncated. I’ll update in a rolling fashion section by section. I hope there’s enough here to get you going. –lambert UPDATE All done. Politics “But what is government itself, but the greatest of all reflections […]
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 179 Comments »
It’s Official: Parts of California Are Too Wildfire-Prone To Insure
California is leading a trend of climate-change-induced insurance redlining.
Topics: Global warming, Guest Post, Real estate
Posted by Yves Smith at 9:55 am | 104 Comments »
Links 8/21/19
Topics: Links
Posted by Yves Smith at 6:55 am | 229 Comments »
Crooked Conflict of Interest: CalPERS Board Member Lisa Middleton Pushed Radical Changes to Board Schedule to Solve Her Personal Schedule Conflict
New CalPERS board member Lisa Middleton behaved dishonestly by failing to recuse herself and worse, advocating for massive changes to CalPERS board meetings to solve a personal scheduling issue.
Topics: Banana republic, CalPERS
Posted by Yves Smith at 12:04 am | 23 Comments »
CalPERS’ Secret Investigation of Hiring Practices Shows Glaring Deficiencies; Has the Board Been Kept in the Dark?
CalPERS set out to hide the results of an audit of its hiring practices. That not surprising, since we have the key pages that show it got bad grades.
Topics: Banana republic, CalPERS, Corporate governance
Posted by Yves Smith at 12:03 am | 12 Comments »
Shale Bleeds Cash Despite Best Quarter In Years
Quelle surprise! The shale industry is still a big loser.
Topics: Energy markets, Guest Post, Ridiculously obvious scams
Posted by Yves Smith at 12:02 am | 20 Comments »
2:00PM Water Cooler 8/20/2019
Today’s Water Cooler: The dollar, Biden, Harris, Inslee, Sanders, Trump, Warren, Williamson, Obama’s first film, Susan Sarandon Derangment, Epstein, redistricting, Amazon, WeWork, Apple, Boeing, consumer data, vaping, climate and teeth, gut microbiota, cannabis, self-citing scientists
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 233 Comments »
‘The Next Flint,’ and America’s Problem with Lead in Its Water
What city will be next to admit it has a lead problem? Why yours might be closer than you think.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Environment, Guest Post, Health care, Regulations and regulators, Social policy
Posted by Yves Smith at 9:55 am | 24 Comments »
Links 8/20/19
Topics: Links
Posted by Lambert Strether at 6:58 am | 179 Comments »
CalPERS Engineering Board Resignation: Underhanded, Dishonest Plans to Cut Investment Meetings of Poorly Performing Fund by More Than 50%, Shrink Investment Committee
The first of a two-part series describing the process and substance with which CalPERS staff is trying to engineer a de facto resignation of its board.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:57 am | 9 Comments »
CalPERS Engineering Board Resignation: “Attempted Coup” via Unconstitutional, Fiduciary-Duty-Violating “Code of Conduct”
Just when you think CalPERS can’t sink any lower, it manages to outdo itself, this time, with an illegal governance monstrosity masquerading a code of conduct.
Topics: Banana republic, CalPERS, Corporate governance, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:56 am | 7 Comments »
CalPERS Board President Henry Jones Exposed for Leaking Confidential “Closed Session” Information; Board Member Theresa Taylor Gives Factually-Challenged Denial of Her Closed Session Leak
The hypocrisy of CalPERS’ board is on full display yet again.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Media watch
Posted by Yves Smith at 6:55 am | 5 Comments »
Is the So-Called “Manufacturing Renaissance” a Mirage?
38 manufacturing industries continue to decline and nine of 10 of these industries are the critical industries that are fundamental to the manufacturing process
Topics: Free markets and their discontents, Guest Post, Technology and innovation, The destruction of the middle class
Posted by Lambert Strether at 3:55 pm | 89 Comments »
2:00PM Water Cooler 8/19/2019
Today’s Water Cooler: Polling, Buttigieg, Harris, O’Rourke, Sanders, Warren, 2018 and 2020 post mortems, evangelicals, e-commerce, ethanol, AI in China, robot trucks, bees and regenerative farming, Arctic wildfires, California regulators, Harlan County miners, deaths of despair, selfies, birth photographers, customer service chatbots
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 122 Comments »