Alexandria Ocasio-Cortez says the U.S. cannot afford another incremental stmulus bill that shovels massive bailouts to big businesses alone.
Recent Items
Monday, July 14, 2025
‘Incrementalism Is Not Helpful in This Moment’: Ocasio-Cortez Rejects Settling for Crumbs in Next Covid-19 Stimulus
Topics: Banana republic, Doomsday scenarios, Guest Post, Income disparity, Pandemic, Politics, Ridiculously obvious scams, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 5:55 am | 50 Comments »
2:00PM Water Cooler 4/20/2020
Today’s Water Cooler: Let’s make Monday, Fun Day!
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 194 Comments »
Great! If COVID-19 Doesn’t Get Me, Perhaps the Mercury Will: Trump EPA Rejects Justification for Pollution Rule
EPA rejects previous cost benefit analysis of mercury rule; meanwhile power industry has spent to comply with rule and opposes backsliding.
Topics: Banana republic, Environment, Pandemic, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 10:55 am | 11 Comments »
Tend Your Own Garden: Personal Food Security During the Age of COVID-19
Worries about food security have led me to send vegetable plants to Mom and a sister; this is a good year to plant a victory garden.
Topics: Banana republic, Doomsday scenarios, Environment, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 7:55 am | 97 Comments »
Links 4/20/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 201 Comments »
Wolf Richter: Coronavirus Drives Barrage of New Lobbying Activity
Follow the money – Congressional lobbying activity and who wins and who loses from coronavirus relief.
Topics: Banana republic, Guest Post, Pandemic, Politics, Private equity, Regulations and regulators, Ridiculously obvious scams
Posted by Jerri-Lynn Scofield at 6:25 am | 7 Comments »
Who Benefits When the Price of Insulin Soars?
Contrary to pharmaceutical company claims, revenue from high insulin prices are going to shareholders, not R&D
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 3:56 am | 9 Comments »
Press Ferrets Out More Falsehoods by CalPERS CIO Ben Meng, Evidence of Poor Leadership, in Giving Up >$1 Billion Hedge Payday
CalPERS’ embattled CIO Ben Meng digs his $1 billion hole deeper with not-credible defenses. Tell the board not to cede more authority to him.
Topics: CalPERS, Dubious statistics, Investment management, Risk and risk management
Posted by Yves Smith at 10:58 am | 27 Comments »
Links 4/19/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 452 Comments »
Oil, Gas, Petrochemical Financial Woes Predate Pandemic — And Will Continue After, Despite Bailouts, Report Finds
Problems with the oil, gas, and petrchemical industries predate the COVID-19 pandemic – and now will be even more difficult to rseolve.
Topics: Banana republic, Energy markets, Environment, Global warming, Guest Post, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 5:55 am | 23 Comments »
Links 4/18/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 325 Comments »
How COVID-19 Showed America’s Dependence on Blue-Collar Workers
The outbreak of “hero” talk is a long-overdue admission that blue-collar workers are the backbone of the US economy. Time to pay them more.
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Pandemic, The destruction of the middle class
Posted by Yves Smith at 5:32 am | 39 Comments »
#DemExit Now: How the Democratic Party Cheated Bernie Sanders Out of the Nomination
How the Dems played dirty with Sanders.
Topics: Banana republic, Global warming, Income disparity, Politics, Social values, The destruction of the middle class
Posted by Yves Smith at 5:12 am | 208 Comments »
2:00PM Water Cooler 4/17/2020
Today’s Water Cooler: Festival of Biden (strange inactivity, SuperPAC, Michelle Obama, VP horserace), Sirota on civility, vote by mail, ballot marking devices, Howie Hawkins, employment situation, state budgets, gold, Amazon, #COVID19 (epidemiology, asymptomatic tranmission), time
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 205 Comments »
CalPERS Staff Seeks to Strip Board of Remaining Authority Even as Press Exposes Multi-Billion Cost of Lack of Supervision; Elected Board Members Thumb Nose at Public by Seeking to Be Paid for Doing Almost Nothing
CalPERS staff is up to more dirty tricks. Push back by e-mail in public comments. Bad press already has them on the back foot.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal, Politics, Regulations and regulators, Ridiculously obvious scams, Risk and risk management
Posted by Yves Smith at 10:11 am | 21 Comments »