Americans Tolerate Inequality Because They Over-Estimate Their Odds of Coming Out on Top
How Americans’ optimism leads to self-delusion on their odds of success, and therefore to not supporting policies in their real interest.
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2:00PM Water Cooler 6/21/2017
Today’s Water Cooler: Dems deploy Blame Cannons for Ossoff loss, Kalanick defenestrated, London Whale, housing, shipping/retail concentration
Read more...Trump-Style Policies Will Deepen the “American Carnage”
An in-depth look at Trump’s economic plans shows they would enrich the 1% and hurt the “forgotten people” he promised to help.
Read more...John Helmer: Chrystia Freeland’s Family Lie Grows Bigger And Blacker– Michael Chomiak Volunteered For Hitler Before Ukraine Was Invaded and Was Hunted by the Polish Police Until the 1980s
On the subject of her Nazi grandfather, Michael Chomiak, it turns out Chrystia Freeland’s nose is so long that she needs to get a hacksaw.
Read more...Gaius Publius: Finding the Greater Fool — The Elite Logic Behind “Going Over the Climate Cliff”
How the Secena Effect explains climate change apathy among the elite.
Read more...2:00PM Water Cooler 6/20/2017
Today’s Water Cooler: A rant on “contactless payment.” And talk amongst yourselves!
Read more...New York City Mortgage Delinquencies “Elevated”: What’s the Likely Real Cause?
Why high levels of mortgage delinquencies in the New York City area are a symptom of still-unresolved mortgage abuses.
Read more...Brexit and the Future of the Irish Border
Why there is no good solution of the Irish border problem in Brexit, and how the Tories’ new buddies, the DUP, have contradictory goals.
Read more...Why the Wall Street Journal Is Wrong About the US Oil Export Boom
Debunking a Wall Street Journal article on rising oil exports.
Read more...2:00PM Water Cooler 6/19/2017
By Lambert Strether of Corrente Readers, this will be a somewhat abbreviated Water Cooler, because this is my last day in London, and I have to run around and do some things. I will rant about “contactless payment” tomorrow. In the meantime, talk amongst yourselves. Oh, and the Ossoff race ends tomorrow. Should be interesting, […]
Read more...Trump Cuba Policy Reversal: More Sound and Fury, Signifying…. No Mucho
Trump’s latest policy change announced to distinguish him from his predecessor– regarding Cuba- signifies thus far, no mucho.
Read more...Links 6/19/2017
Wolf Richter: Amazon to Slash Jobs at Whole Foods, Dump Cashiers, Switch to Cheaper Products in Price War with Wal-Mart
Amazon acquisition likely to crapify Whole Foods by cost-cutting: slashing and degrading jobs, and reducing quality.
Read more...States Launch New Joint Probe into Company Sales and Marketing Practices for Opioids
State probes of opioid manufacturers may loom large, especially if Trump’s Justice Department eschews targeting corporate crime.
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