The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
Recent Items
Tuesday, November 11, 2025
Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy
Topics: Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Income disparity, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 6:38 am | 75 Comments »
Teachers Strike Authorization Vote Looms as Union and City Launch Last-Ditch Safety Talks
Teachers are going down to the wire with a strike threat in New York City over their assessment that planned Covid protections are inadequate.
Topics: Banana republic, Guest Post, Pandemic, Politics, Social policy, Social values
Posted by Yves Smith at 5:55 am | 3 Comments »
CalPERS Misappropriates Funds, a Violation of the Criminal Code, By Laundering $40,000 Speaker Fee Through Randle Communications, a Nearly $500,000 a Year Advisor to Marcie Frost
CalPERS is not only hiring overpriced motivational speakers it can’t afford, but it is also cooking its records to do so.
Topics: CalPERS, Corporate governance, Legal, Media watch, Politics, Ridiculously obvious scams
Posted by Yves Smith at 10:13 pm | 25 Comments »
Don’t “Trust the Science,” Trust Science While You Hone Your Critical Thinking Skills
What do we mean, “the” science?
Topics: Guest Post, Pandemic, Politics, Science and the scientific method
Posted by Lambert Strether at 5:25 pm | 96 Comments »
2:00PM Water Cooler 8/31/2020
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 130 Comments »
Wolf Richter: The State of the American Restaurant, City by City
New York City, San Francisco, Honolulu are still down over 80% from a year ago in terms of “seated diners.” Then there is the “LN-shaped” recovery in Pittsburgh.
Topics: Guest Post, Pandemic
Posted by Lambert Strether at 11:55 am | 16 Comments »
Links 8/31/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 258 Comments »
Devastating Lawsuit Targets Bank of America, Credit Suisse, and Bayer Board Members and Executives Over Disastrous Monsanto Acquisition
Is the shortest road to cleaning up bad corporate governance in the EU through New York courts? Bayer is one of a set of test cases.
Topics: Banana republic, Corporate governance, Europe, Legal, Ridiculously obvious scams, Science and the scientific method
Posted by Yves Smith at 6:09 am | 60 Comments »
How Should the European Union Respond to Rising Greece-Turkey Tensions?
Can the EU de-esclate increasingly testy Greece-Turkey dealings ?
Topics: Doomsday scenarios, Energy markets, Europe, Guest Post, Politics
Posted by Yves Smith at 12:13 am | 48 Comments »
Permafrost, the Cryosphere, the Biosphere, and Climate Change
The effect of permafrost thaw on disease, the built environment, and the release of carbon, with a surprising possible solution!
Topics: Environment, Global warming, Russia
Posted by Lambert Strether at 5:25 pm | 14 Comments »
Links 8/30/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 319 Comments »
54 Million People in the U.S. May Go Hungry During Pandemic—Can Urban Farms Help?
In the COVID era, growing food locally has become more essential than ever.
Topics: Guest Post, Infrastructure, Pandemic, Permaculture
Posted by Lambert Strether at 5:55 am | 37 Comments »
Links 8/29/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 220 Comments »
The Rotten Alliance of Liberals and Neocons Will Likely Shape U.S. Foreign Policy for Years to Come
How the Democrats have become Republicans in all but name, now with their love affair for neocons.
Topics: Doomsday scenarios, Guest Post, Middle East, Politics, Ridiculously obvious scams, Russia
Posted by Yves Smith at 5:01 am | 76 Comments »
More Giveaways to Capitalist Finance? It’s High Time To Change the Objective
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.
Topics: Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Politics, Regulations and regulators, Social policy, The destruction of the middle class
Posted by Yves Smith at 4:09 am | 19 Comments »



