Monday, September 15, 2025

Wolf Richter: The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas

The day of reckoning has arrived in oil and gas. A record number of companies have filed for bankruptcy. with the epicenter in Texas.

Covid-19 Bankruptcies Bleeding Out Jobs, Economic Capacity

Covid-19 bankrupties show how the disease is draining the economy.

What to Do if COVID-19 Is Here to Stay

If Covid-19 can’t be beaten soon, how do we cope?

Federal Judge Nixes Part of Glyphosate Settlement That Would Allow a Panel of Scientific “Experts”, Rather Than Juries, to Decide Whether the Chemical is Carcinogenic for Future Claims

Judge skeptical over Bayer’s proposal to replace a jury decision on whether glyphosate causes cancer with that of a scientific panel.

Links 7/12/2020

With Covid-19 Deaths on the Rise, Hardest-Hit States Report Hospitals are Near Capacity Following Early Reopenings

COVID-19 deaths spike and hospitals run out of beds as many states reap the consequences of poor pandemic management and reopening too early.

Links 7/11/2020

Another Town Is Possible: Community Wealth Building in the Basque Country

Yves here. Readers sometimes ask for success stories to show that there are possible paths out our present economic and social morass. The Basque has long operated a collective ownership model centered around Mondragon. And it has been successful in protecting the community from economic crises. I was in Portugal and Spain, by happenstance doing […]

Why Relentless Labor Rights Enforcement Will Make or Break the New NAFTA

Why Nafta 2.0 labor protections for Mexicans are key to whether the deal delivers on its promise to US workers.

2:00PM Water Cooler 7/10/2020

COVID-19 problem states: CA and TX ~ Biden-Sanders Unity Task Forces ~ Biden and fossil fuels ~ Biden and finance ~ Trump’s plan to win ~ Kanye West needs to file his paperwork ~ Frum and Proust ~ Think tanks ~ Leading indicators, inflation, rail ~ COVID-19 and HIV ~ “Strike for Black Lives” July 20 ~ NY rental market near collapse ~ Boasian antiracism

Biden Defends Undying Allegiance to For-Profit Healthcare During Interview With Dying Medicare for All Advocate Ady Barkan

Biden acts like the heartless pol he is. He can’t keep up the pretense if someone wants to get between him and insurer profits.

Links 7/10/2020

Unemployment Claims Hit New Record: 32.9 Million State & Federal. Week 16 of U.S. Labor Market Collapse

The latest unemployment data calls into question the notion that anything more than a techical recovery is underway.

Let the Predation Begin! CFPB Rolls Back Obama-Era Payday Loan Protections

Payday loan abuses are baaack, thanks to a full bore lobbying effort.

Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast

CalPERS latest beneficiary e-mail had misrepresentaions that even the toothless SEC would sanction.