Monthly Archives: May 2018

May 31, 2018

• Delta Is Nice to Your Humble Blogger (Plus Seeking Tech Help)
  by Yves Smith 7:35 pm

• 2:00PM Water Cooler 5/31/2018
  by Lambert Strether 2:00 pm

• Unsafe At Any Speed Redux, Self-Driving Cars, and Legal Liability
  by Jerri-Lynn Scofield 9:55 am

• Links 5/31/18
  by Jerri-Lynn Scofield 6:55 am

• Meet the Economist Behind the One Percent’s Stealth Takeover of America
  by Jerri-Lynn Scofield 4:55 am

• Brexit Becoming More Unpopular as Yet More Warts, Like VAT Administration, Come Into Focus
  by Yves Smith 3:09 am

• How Puerto Rico’s Death Toll Was Ignored, and Could Have Been Avoided
  by Yves Smith 1:52 am

May 30, 2018

• 2:00PM Water Cooler 5/30/2018
  by Lambert Strether 2:00 pm

• Worksheet for the 2018 Midterms (More of “The Wave”, but Only Ripples?)
  by Lambert Strether 1:55 pm

• Links 5/30/18
  by Lambert Strether 6:55 am

• NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades
  by Yves Smith 2:10 am

• Israel and Palestine: A Story of Modern Colonialism
  by Yves Smith 1:43 am

• The Left as the New Enemy Within: Domestic Wargaming Exercise Includes “Progressive” AntiGlobalist Baddies, Um, Terrorists
  by Yves Smith 12:53 am

• Reminder: Tucson Meetup 2.0 This Friday, June 1
  by Yves Smith 12:03 am

May 29, 2018

• 2:00PM Water Cooler 5/29/2018
  by Lambert Strether 2:05 pm

• How Media Amnesia Has Trapped Us in a Neoliberal Groundhog Day
  by Yves Smith 9:55 am

• Links 5/29/18
  by Yves Smith 6:55 am

• Italy’s Political Crisis….How Ugly Might It Get?
  by Yves Smith 4:22 am

• There’s No Getting Around Iranian Sanctions
  by Yves Smith 12:32 am

• Stock Market Borrowing at All Time High, Increasing Risk of Downdrafts
  by Yves Smith 12:07 am

May 28, 2018

• 2:00PM Water Cooler Memorial Day 2018
  by Lambert Strether 2:00 pm

• Capital’s Share of Income Is Way Higher than You Think
  by Lambert Strether 12:55 pm

• Links 5/28/18
  by Lambert Strether 6:55 am

• Don Quijones: Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks)
  by Lambert Strether 6:50 am

• Be Sure to Catch This Saturday’s June 2 NYC Meetup with Lambert
  by Yves Smith 12:31 am

May 27, 2018

• Neoliberalism’s Assault on the Veteran’s Administration Continues
  by Lambert Strether 2:00 pm

• Links 5/27/18
  by Lambert Strether 6:55 am

• The Carbon Bubble and the Pricing of Bank Loans
  by Lambert Strether 6:45 am

May 26, 2018

• Links 5/26/18
  by Yves Smith 6:55 am

• How Institutional Dysfunction Has Enabled Poor Economic Policy Thinking
  by Yves Smith 4:06 am

• Do Fewer Settlements by Pharmaceutical Companies Mean Even Less Accountability for Their Execs?
  by Yves Smith 3:36 am

May 25, 2018

• 2:00PM Water Cooler 5/25/2018
  by Lambert Strether 2:00 pm

• US Supreme Court Ordered Desegregation, then Conservatives Worked to Demolish Public Education
  by Yves Smith 9:55 am

• Links 5/25/18
  by Yves Smith 6:55 am

• Eyewitness Sketches Provide ‘Stormy’ Results, Can Lead to False Convictions
  by Yves Smith 2:29 am

• PropOrNot – Setting Up the Atlantic Council for Lawsuits
  by Yves Smith 12:25 am

May 24, 2018

• 2:00PM Water Cooler 5/24/2018
  by Lambert Strether 2:00 pm

• Salient Economic Characteristics of the Counties that Flipped to Trump, Sorted by Maslow’s Hierarchy of Needs
  by Lambert Strether 1:55 pm

• Links 5/24/18
  by Lambert Strether 6:55 am

• Hubert Horan: Can Uber Ever Deliver? Part Fifteen: Uber’s Q1 Results – Reporters Show They Aren’t Up to Reading Financials
  by Yves Smith 5:57 am

• Here’s How Money Is Destroying the World Through Addiction
  by Lambert Strether 5:25 am

• Understanding Right and Left Populism
  by Yves Smith 3:43 am

May 23, 2018

• 2:00PM Water Cooler 5/23/2018
  by Lambert Strether 2:00 pm

• Beware the So-Called Mental Health “De-Stigmatization” Campaigns such as Make It OK and NAMI, for They Are Front Groups for Big Pharma
  by Yves Smith 9:55 am

• Links 5/23/18
  by Lambert Strether 6:55 am

• Lib-Pop Politics: Italy’s New Government Is More Neoliberal Than Populist
  by Yves Smith 4:57 am

• Top Private Equity Commentator Dan Primack, Even CalPERS’ Own Consultant, Diss CalPERS Indirect Private Equity Investment Scheme
  by Yves Smith 4:44 am

• EU Shows Up UK Brexit Trade Fantasies by Opening Bi-Lateral Negotiations With Australia and New Zealand
  by Yves Smith 2:14 am

• Reminder: Birmingham Meetup This Evening!
  by Yves Smith 12:37 am

May 22, 2018

• 2:00PM Water Cooler 5/22/2018
  by Lambert Strether 2:00 pm

• Politico’s Hit Piece on Our Revolution (and Bernie Sanders)
  by Lambert Strether 1:55 pm

• Will TSB Ever Be Completely Fixed?
  by Clive 12:00 pm

• Links 5/22/18
  by Lambert Strether 6:55 am

• Wolf Richter: Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge”
  by Lambert Strether 5:55 am

• Charles Asubonten Has Left CalPERS; Los Angeles Times’ Mike Hiltzik Questions Competence of Executives
  by Yves Smith 12:56 am

• Gaius Publius: Progressive Democrats Help Enshrine “Blue Lives Matter” Into Law
  by Yves Smith 12:21 am

May 21, 2018

• 2:00PM Water Cooler 5/21/2018
  by Lambert Strether 2:00 pm

• CalPERS CIO Ted Eliopoulos Tells 5 Big Lies in Presenting Super Indirect Private Equity Scheme
  by Yves Smith 10:33 am

• Planet or Plastic
  by Jerri-Lynn Scofield 9:55 am

• Links 5/21/18
  by Jerri-Lynn Scofield 6:55 am

• Playing Trump for Peace: How the Korean Peninsula Could Become a Bright Spot in a World Gone Mad
  by Jerri-Lynn Scofield 5:25 am

• How Putting Shareholders First Harms Investors, Corporations, and the Public
  by Yves Smith 12:35 am

• Don’t Miss Our Birmingham Meetup This Wednesday, May 23
  by Yves Smith 12:05 am

May 20, 2018

• Payday Lending Rule Survives…For Now
  by Jerri-Lynn Scofield 9:55 am

• Links 5/20/18
  by Jerri-Lynn Scofield 6:55 am

• Bill Black: Trump Admin Halts Investigation of For-Profit Colleges
  by Jerri-Lynn Scofield 3:25 am

May 19, 2018

• Don’t Miss the Saturday June 2 NYC Meetup with Lambert
  by Yves Smith 10:00 am

• Links 5/19/18
  by Yves Smith 6:55 am

• The Populism Backlash: An Economically Driven Backlash
  by Yves Smith 3:57 am

• To Reform Capitalism, Look to Marx
  by Yves Smith 3:37 am

• Announcing Tucson Meetup 2.0 for June 1
  by Yves Smith 12:54 am

May 18, 2018

• 2:00PM Water Cooler 5/18/2018
  by Lambert Strether 2:00 pm

• Social Multipliers in Crime: Measuring the Spillover Effects of Criminal Behaviour
  by Yves Smith 9:55 am

• Links 5/18/18
  by Lambert Strether 6:55 am

• California Hospital Giant Sutter Health Target of Anti-Trust Suit, Legislation for High Prices. Will It Set a National Precedent?
  by Yves Smith 3:57 am

• Bitcoin Energy Use Growing Much Faster than Previously Thought
  by Yves Smith 3:27 am

• Wolf Richter: Fake News No Problem – Internet Totally Dominates Advertising in the US
  by Yves Smith 2:02 am

May 17, 2018

• 2:00PM Water Cooler 5/17/2018
  by Lambert Strether 2:00 pm

• CalPERS Issues False and Misleading Press Release to Try to Railroad Board on Private Equity Industry Enrichment Scheme
  by Yves Smith 12:21 pm

• Yes, Neoliberalism Is a Thing. Don’t Let Economists Tell You Otherwise
  by Yves Smith 9:55 am

• Links 5/17/18
  by Yves Smith 6:55 am

• CalPERS Board Members Say They Don’t Want to Do Their Jobs, Can’t Be Bothered With Dealing With Their Mail
  by Yves Smith 6:54 am

• Yet More Brexit Idiocy: Cabinet Thinks Begging to Stay in Customs Union Will Solve Irish Border Problem
  by Yves Smith 5:49 am

• IEA: High Oil Prices “Taking A Toll” On Demand
  by Yves Smith 1:30 am

May 16, 2018

• 2:00PM Water Cooler 5/16/2018
  by Lambert Strether 2:00 pm

• Trade War: How Tensions Have Risen Between China, the EU and the US
  by Yves Smith 9:55 am

• Links 5/16/18
  by Yves Smith 6:55 am

• What Do the Jersey Elections Have to Do With Britain?
  by Outis Philalithopoulos 1:30 am

• Ecuador Hints It May Hand Over Assange
  by Yves Smith 1:07 am

May 15, 2018

• Bill Black: Fair Seas and Following Wind John McCain
  by Yves Smith 9:35 pm

• Announcing Birmingham Meetup for Next Wednesday, May 23
  by Yves Smith 8:12 pm

• Do Not Even Consider Using the Voice Over Internet Service Vonage
  by Yves Smith 5:08 pm

• 2:00PM Water Cooler 5/15/2018
  by Lambert Strether 2:00 pm

• Official Unemployment Is at 3.9%? Economist Robert Pollin Says It Is More Like 12%
  by Yves Smith 9:56 am

• Back to the Future with Empire Oil
  by Yves Smith 9:55 am

• Links 5/15/18
  by Yves Smith 6:55 am

• Corbyn Backs Hard Brexit
  by Yves Smith 6:54 am

• CalPERS Chief Investment Officer Ted Eliopoulos to Leave at Year End; Investment Office Adrift Due to Senior Level Vacancies
  by Yves Smith 5:28 am

• Update: CalPERS Chief Financial Officer Charles Asubonten Now Not Presenting at Board Meeting Today
  by Yves Smith 5:23 am

May 14, 2018

• Worksheet for the 2018 Midterms (First Ripples of “The Wave”?)
  by Lambert Strether 4:00 pm

• 2:00PM Water Cooler 5/14/2018
  by Lambert Strether 2:00 pm

• Links 5/14/18
  by Lambert Strether 6:55 am

• Cryptocurrencies’ Challenge to Central Banks
  by Lambert Strether 6:50 am

• Trump Willing to Give a China a Break on Sanctions Against ZTE Electronics. What Gives?
  by Yves Smith 4:20 am

• Michael Klare: Gearing Up for the Third Gulf War
  by Yves Smith 3:44 am

May 13, 2018

• What’s the Matter With Kansas Medicaid?
  by Lambert Strether 2:00 pm

• Links 5/13/18
  by Lambert Strether 6:55 am

• Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)?
  by Lambert Strether 5:25 am

May 12, 2018

• Links 5/12/18
  by Yves Smith 6:55 am

• Political Precariat
  by Yves Smith 6:00 am

• Trump Vows (Again) To Lower Drug Prices But Skeptics Doubt Much Will Change
  by Yves Smith 5:05 am

May 11, 2018

• 2:00PM Water Cooler 5/11/2018
  by Lambert Strether 2:00 pm

• The Forgotten Vision of Market Socialism
  by Yves Smith 9:55 am

• Links 5/11/18
  by Yves Smith 6:55 am

• CalPERS CEO Marcie Frost’s Featherbedding: Seeks Further Pay Increase Despite Underfunding, Municipalities Suffering to Meet Rising Pension Bills
  by Yves Smith 3:00 am

• Ilargi: Iran – Let’s (Not) Make a Deal
  by Yves Smith 12:05 am

May 10, 2018

• 2:00PM Water Cooler 5/10/2018
  by Lambert Strether 2:00 pm

• Criminality, CalPERS Style: Board Members Misappropriate Public Funds by Signing Blank, Undated Expense Forms
  by Yves Smith 11:00 am

• Election-Rigging, CalPERS-Style: How Voting by Phone Was Designed to Favor Incumbent, Suppress Support for Challenger
  by Yves Smith 10:57 am

• CalPERS Has Chief Financial Officer Charles Asubonten, With Verifiable Misrepresentations on His Resume, Presenting to the Board Next Week. What Gives?
  by Yves Smith 10:56 am

• Links 5/10/18
  by Lambert Strether 6:55 am

• Airbnb Turns to Brussels for Help as Anti-Tourist Backlash Intensifies in Europe
  by Yves Smith 2:50 am

• The U.S. Is Not at Full Employment—Don’t Believe the Trump Administration’s Hype to the Contrary
  by Yves Smith 12:49 am

May 9, 2018

• 2:00PM Water Cooler 5/9/2018
  by Lambert Strether 2:00 pm

• How Tax Evasion Increases Inequality
  by Yves Smith 9:55 am

• Links 5/9/18
  by Yves Smith 6:55 am

• 20% of Inmates in California Jails on Psychotropic Medications
  by Yves Smith 4:24 am

• Can Canada’s Mutual Help Financial Organizations for Disenfranchised Blacks Serve as a Model for the Un and Underbanked in the US?
  by Yves Smith 3:48 am

• Europe Buys More Russian Gas Despite Strained Relations
  by Yves Smith 12:30 am

May 8, 2018

• 2:00PM Water Cooler 5/8/2018
  by Lambert Strether 2:00 pm

• Globalisation, Government Popularity, and the Great Skill Divide
  by Yves Smith 9:55 am

• Links 5/8/18
  by Yves Smith 6:55 am

• SEC Gives Private Equity Firm Welsh Carson a Wet Noodle Lashing Over Purchasing Kickback Abuse
  by Yves Smith 6:11 am

• Warren Buffett’s Mortgage Companies Engage in Alleged Discrimination Against Minority Borrowers, Violating Fair Housing Act
  by Yves Smith 3:53 am

May 7, 2018

• New York Attorney General Eric Schneiderman Resigns Due to Sexual Assault Allegations, After Getting Away With Selling Out Homeowners
  by Yves Smith 11:20 pm

• 2:00PM Water Cooler 5/7/2018
  by Lambert Strether 2:00 pm

• Tyler Cowen, Koch Brothers Funding, Mercatus Center, George Mason University, and Academic Freedom
  by Jerri-Lynn Scofield 9:55 am

• Links 5/7/18
  by Jerri-Lynn Scofield 6:55 am

• Brexit: Crisis Nigh
  by Yves Smith 4:25 am

• Colorado River: The Water War That Will Decide the Fate of 1 in 8 Americans
  by Jerri-Lynn Scofield 3:55 am

• 200th Anniversary of the Birth of Marx and a Revolution in Understanding History
  by Yves Smith 3:41 am

May 6, 2018

• What India Can Teach the US About a Federal Job Guarantee
  by Jerri-Lynn Scofield 9:55 am

• Links 5/6/18
  by Jerri-Lynn Scofield 6:55 am

• How Wall Street Enabled the Fracking ‘Revolution’ That’s Losing Shale Oil Companies Billions
  by Jerri-Lynn Scofield 6:25 am

May 5, 2018

• Links 5/5/18
  by Yves Smith 6:55 am

• Gimme Shelter Q1 2018 Update: Rents and House Prices All at or Near New Extremes
  by Yves Smith 3:27 am

• Corbyn’s Critics: Time to Come Round
  by Yves Smith 3:18 am

May 4, 2018

• 2:00PM Water Cooler 5/4/2018
  by Lambert Strether 2:00 pm

• How Bill Cosby, Obama and Mega-Preachers Sold Economic Snake Oil to Black America
  by Yves Smith 9:55 am

• Links 5/4/18
  by Lambert Strether 6:55 am

• Reader Inquiry: How’s Your Climate?
  by Yves Smith 4:53 am

• Gaius Publius: Setting a Perjury Trap for Trump
  by Yves Smith 12:50 am

• Congress Offers Bipartisan Blank Warmaking Check to Donald Trump
  by Yves Smith 12:44 am

May 3, 2018

• 2:00PM Water Cooler 5/3/2018
  by Lambert Strether 2:00 pm

• The Real Driver of Rising Inequality
  by Yves Smith 9:55 am

• Links 5/3/18
  by Yves Smith 6:59 am

• New Report: Most State Pension Funds, Including CalPERS, Lag 60/40 Investment Mix at Higher Cost, Resulting in Even Higher Shortfalls
  by Yves Smith 6:58 am

• #TSBFail: MPs Barely Lay a Glove on CEO Pester, Who Discredits Himself All on His Own
  by Yves Smith 6:25 am

• The Revenge Against the Commons
  by Yves Smith 4:42 am

May 2, 2018

• 2:00PM Water Cooler 5/2/2018
  by Lambert Strether 2:00 pm

• China’s Bid To Assist Assad In Syrian Reconstruction Is About Security and Profit
  by Yves Smith 9:55 am

• Links 5/2/18
  by Yves Smith 6:55 am

• Why Capitalism Creates Racism
  by Yves Smith 6:54 am

• California Supreme Court Ruling Delivers Big Blow to Gig Economy Companies
  by Yves Smith 6:53 am

• The US Teachers Strike in Historical Perspective
  by Yves Smith 5:07 am

May 1, 2018

• 2:00PM Water Cooler 5/1/2018
  by Lambert Strether 2:00 pm

• Worksheet for the 2018 Midterms (“The Wave”; the DCCC)
  by Lambert Strether 12:55 pm

• Links 5/1/18
  by Yves Smith 6:55 am

• Michael Hudson: “Creating Wealth” Through Debt: The West’s Finance-Capitalist Road
  by Yves Smith 5:29 am

• Gaius Publius: Our Communities Are Scaled and Built for a Climate That No Longer Exists
  by Yves Smith 4:50 am

• Universal Basic Income and Minimum Wages: Progressive or Regressive?
  by Yves Smith 4:02 am