Monthly Archives: June 2020

June 30, 2020

• 2:00PM Water Cooler 6/30/2020
  by Lambert Strether 2:00 pm

• Do Cry for Those in Arizona: What Happens When Politicians Disregard Health Care and Public Health Professionals During a Pandemic
  by Yves Smith 9:55 am

• Links 6/30/2020
  by Yves Smith 6:55 am

• Yanis Varoufakis: Interview with Léa El Azzi on Capitalism After the Pandemic, Europe, Greece, Lebanon & the IMF
  by Yves Smith 6:52 am

• New Investment Gimmickry: Covid-19 Bonds
  by Yves Smith 4:39 am

• We Won’t Have a Truly Global Economy Until We Tax It That Way
  by Yves Smith 2:35 am

June 29, 2020

• 2:00PM Water Cooler 6/29/2020
  by Lambert Strether 2:00 pm

• WSJ Says Banks Can’t Determine Who Is Credit-Worthy: More COVID-19 Fallout
  by Jerri-Lynn Scofield 9:55 am

• Links 6/29/2020
  by Jerri-Lynn Scofield 6:55 am

• Global Covid-19 Cases Top 10 Million As HHS Secretary Warns ‘Window is Closing’ to Get Disease Back Under Control in US
  by Jerri-Lynn Scofield 6:50 am

• Wall Street Journal’s Apologia for Private Equity Letting Companies Go Bust
  by Yves Smith 5:56 am

• Pentagon Porks Up as Covid-19 Bleeds Economy
  by Yves Smith 2:26 am

June 28, 2020

• Waste Watch: Plastic Free July in the Age of COVID-19
  by Jerri-Lynn Scofield 5:55 pm

• Links 6/28/2020
  by Jerri-Lynn Scofield 6:55 am

• Coronavirus: Asymptomatic People Can Still Develop Lung Damage
  by Jerri-Lynn Scofield 6:45 am

June 27, 2020

• Links 6/27/2020
  by Yves Smith 6:55 am

• Michael Hudson on Coronavirus and Debt Winners and Losers
  by Yves Smith 3:59 am

• The Pandemic Shows the Importance of Funding Early Childcare and Education Infrastructure (Updated)
  by Yves Smith 3:49 am

June 26, 2020

• 2:00PM Water Cooler 6/26/2020
  by Lambert Strether 2:00 pm

• Pandemic-Emptied Hotels Could Become Affordable Housing, City Officials Suggest
  by Yves Smith 9:55 am

• Links 6/26/2020
  by Lambert Strether 6:55 am

• Newspaper Woes Intensify in Covid-19 Era: Widespread Job and Pay Cuts as Ad Revenues Fall
  by Yves Smith 4:33 am

• SEC Issues Devastating Risk Alert on Private Equity Abuses; Effectively Admits Failure of Last 5+ Years of Enforcement
  by Yves Smith 3:30 am

• The Best Law Capital Can Buy
  by Yves Smith 12:32 am

June 25, 2020

• 2:00PM Water Cooler 6/25/2020
  by Lambert Strether 2:00 pm

• Bayer Agrees to $10.9 Billion Glyphosate Settlement
  by Jerri-Lynn Scofield 9:55 am

• Links 6/25/2020
  by Jerri-Lynn Scofield 6:55 am

• ‘Downright Dangerous’: Trump Moves to End Federal Support for Testing Sites as US Sees Record Daily Spike in Covid-19 Infections
  by Jerri-Lynn Scofield 6:50 am

• LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight
  by Yves Smith 4:15 am

• Minnesota, Ellison Announces Climate Lawsuit Against Exxon, Koch, and API
  by Yves Smith 4:01 am

June 24, 2020

• 2:00PM Water Cooler 6/24/2020
  by Lambert Strether 2:00 pm

• Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them
  by Yves Smith 9:55 am

• Links 6/24/2020
  by Yves Smith 6:55 am

• Saharan Dust Storm Expected To Cause Dangerous Air Pollution in U.S. This Week
  by Yves Smith 5:46 am

• America Sits on Its Hands as Covid-19 Cases Rise
  by Yves Smith 5:15 am

• Massive Credit Losses to Hit European Banks in Q2 and into 2021, Particularly When Debt Moratoriums Are Lifted
  by Yves Smith 4:56 am

June 23, 2020

• 2:00PM Water Cooler 6/23/2020
  by Lambert Strether 2:00 pm

• The Hidden Deaths Of The COVID Pandemic
  by Yves Smith 9:55 am

• Links 6/23/2020
  by Lambert Strether 6:55 am

• Can the Aspen Institute’s Elite Economists Beat the Coronavirus Depression?
  by Yves Smith 5:09 am

• Board Member Margaret Brown Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence
  by Yves Smith 2:46 am

• Who Benefits From New Technologies?
  by Yves Smith 2:29 am

June 22, 2020

• Dogpiling Taibbi and the Dearth of the Free Press
  by Lambert Strether 4:25 pm

• 2:00PM Water Cooler 6/22/2020
  by Lambert Strether 2:00 pm

• The Economy Isn’t About Money. It’s About Putting Food on the Table
  by Lambert Strether 11:47 am

• Links 6/22/2020
  by Lambert Strether 6:55 am

• Grim Prospects for New York City as Few Office Workers Return Post Lockdown; How Hard Will Other US Cities Be Hit?
  by Yves Smith 3:58 am

• Who Pays for Stranded Assets? Taxpayers Are Footing The Bill For 100-Year Old Oil Wells
  by Yves Smith 3:54 am

June 21, 2020

• Grenfell Tower Fire: Third-Year Anniversary (Non-)Progress Report
  by Lambert Strether 3:25 pm

• Links 6/21/2020
  by Lambert Strether 6:55 am

• We Caught Bacteria from the Most Pristine Air on Earth to Help Solve a Climate Modeling Mystery
  by Lambert Strether 6:45 am

June 20, 2020

• Links 6/20/2020
  by Yves Smith 6:55 am

• What Do Struggling Small Businesses Need Most? Time – and Bankruptcy Can Provide It
  by Yves Smith 3:56 am

• Let’s Make Sure We Get the Green New Deal Right
  by Yves Smith 3:12 am

June 19, 2020

• 2:00PM Water Cooler 6/19/2020
  by Lambert Strether 2:00 pm

• The Bank of England Votes for More QE – But This Is a Road That Will Run Out
  by Yves Smith 9:55 am

• Links 6/19/2020
  by Lambert Strether 6:55 am

• How America’s Covid-19 Rescues Look Set to Increase Inequality
  by Yves Smith 4:58 am

• The Costs Of Safely Reopening A High-End Restaurant
  by Yves Smith 2:02 am

• The Police Weren’t Created to ‘Protect and Serve.’ They Were Created to ‘Maintain Order.’ A Brief Look at the History of Police in America
  by Yves Smith 12:05 am

June 18, 2020

• 2:00PM Water Cooler 6/18/2020
  by Lambert Strether 2:00 pm

• Italy Once Again on the Eurozone Worry List
  by Yves Smith 9:55 am

• Links 6/18/2020
  by Yves Smith 6:58 am

• 8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting
  by Yves Smith 6:56 am

• More on Frank Partnoy’s Misguided Take on Collateralized Loan Obligations
  by Yves Smith 6:53 am

• Meritocracy Legitimizes, Deepens Inequality
  by Yves Smith 4:40 am

June 17, 2020

• 2:00PM Water Cooler 6/17/2020
  by Lambert Strether 2:00 pm

• Reviving the Economy, Creating the ‘New Normal’
  by Yves Smith 9:55 am

• Links 6/17/2020
  by Lambert Strether 6:58 am

• Automation, Globalisation, and Vanishing Jobs
  by Yves Smith 6:29 am

• Restaurants Face Major Obstacles to Reopening
  by Yves Smith 5:40 am

• How the Disappearance of Union Jobs Obliterated an Emergent Black Middle Class
  by Yves Smith 2:20 am

June 16, 2020

• 2:00PM Water Cooler 6/16/2020
  by Lambert Strether 2:00 pm

• No, We Don’t Need to Place Our Faith in Downloading Some Untested, Privacy-Infringing App as the Only Possible COVID-19 Slayer; Why Don’t We Look to Places that Have Successfully Limited Disease Spread and Copy Their Policies?
  by Jerri-Lynn Scofield 9:55 am

• Links 6/16/2020
  by Yves Smith 6:58 am

• Some Thoughts on New York City and the Dim Prospects for American Cities
  by Yves Smith 6:50 am

• Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
  by Yves Smith 5:08 am

• Forty Percent of Police Families Experience Domestic Violence, Compared to 10% in the General Population
  by Yves Smith 12:58 am

June 15, 2020

• 2:00PM Water Cooler 6/15/2020
  by Lambert Strether 2:00 pm

• Coronavirus Recovery: Why Local Markets are Key to Reviving Our Locked Down Town Centres
  by Jerri-Lynn Scofield 9:55 am

• Links 6/15/2020
  by Jerri-Lynn Scofield 6:55 am

• CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
  by Yves Smith 5:40 am

• Nassim Nicholas Taleb: The Masks Masquerade
  by Yves Smith 5:33 am

• Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
  by Yves Smith 2:16 am

June 14, 2020

• Dicamba Drift: Trump EPA Defies 9th Circuit Ruling
  by Jerri-Lynn Scofield 9:55 am

• Links 6/14/2020
  by Jerri-Lynn Scofield 6:55 am

• Unsung Heroines: Who Cares for the Carers?
  by Jerri-Lynn Scofield 6:25 am

June 13, 2020

• Links 6/13/2020
  by Yves Smith 6:55 am

• The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
  by Yves Smith 2:35 am

• Initial Jobless Claims Decline Further, But Continuing Claims Fail To Make Meaningful Progress
  by Yves Smith 2:07 am

June 12, 2020

• 2:00PM Water Cooler 6/12/2020
  by Lambert Strether 2:00 pm

• Police State Watch: Amnesty Targets Tear Gas
  by Jerri-Lynn Scofield 9:55 am

• Links 6/12/2020
  by Jerri-Lynn Scofield 6:55 am

• Food Security: UN Warns People Are Vulnerable to Shortages as the COVID-19 Pandemic Continues
  by Jerri-Lynn Scofield 6:50 am

• ‘Speaking of Looting…’: Trump Admin. Refuses to Disclose Corporate Recipients of $500 Billion in Coronavirus Bailout Funds
  by Jerri-Lynn Scofield 4:55 am

• Coronavirus Consequences: Evictions Expected to Spike
  by Jerri-Lynn Scofield 3:55 am

June 11, 2020

• 2:00PM Water Cooler 6/11/2020
  by Lambert Strether 2:00 pm

• Trump Administration Hunting Rule Change: Making it Easier to Execute Alaska’s Bears in National Parks
  by Jerri-Lynn Scofield 9:55 am

• Links 6/11/2020
  by Lambert Strether 6:58 am

• States Sue Drug Companies and Execs for Generic Price-Fixing; Is the Tide Turning on Willingness to Allow Big Pharma a Get Out of Jail Free Card for its Egregious Behavior?
  by Jerri-Lynn Scofield 6:50 am

• Wolf Richter: The Chilling Things Delta Said about the Airline Business, the 90% Collapse in Q2 Revenues, and Why Some Demand Destruction May Be “Permanent”
  by Jerri-Lynn Scofield 2:55 am

• The Elevator Arises As The Latest Logjam In Getting Back To Work
  by Jerri-Lynn Scofield 1:25 am

June 10, 2020

• Yesterday’s Georgia Primary Voting Debacle: A Preview of November’s General Election?
  by Lambert Strether 4:25 pm

• 2:00PM Water Cooler 6/10/2020
  by Lambert Strether 2:00 pm

• There’s a Crisis in U.S. Capitalism
  by Lambert Strether 9:55 am

• Links 6/10/2020
  by Lambert Strether 6:55 am

• Fliers Beware: Poor Mask Discipline Endemic Even Among Airline, Airport Staff
  by Yves Smith 2:39 am

• The European Union Still Hasn’t Considered an Economic Proposal That Can Save It
  by Yves Smith 12:19 am

June 9, 2020

• Lockdown Aftermath: Changes I Will Continue Going Forward
  by Jerri-Lynn Scofield 3:55 pm

• 2:00PM Water Cooler 6/9/2020
  by Lambert Strether 2:00 pm

• New York Makes Use of Chokeholds a Felony Charge
  by Jerri-Lynn Scofield 7:25 am

• Links 6/9/2020
  by Jerri-Lynn Scofield 6:55 am

• Pushed by National Uprising, Democratic Lawmakers Unveil Legislation to Overhaul Policing
  by Jerri-Lynn Scofield 5:55 am

• Scientists Around the World are Already Fighting the Next Pandemic
  by Jerri-Lynn Scofield 4:55 am

June 8, 2020

• Dominic Cummings Is Either Ignorant and Lazy or a Psycho, and Doesn’t Know His William Gibson
  by Lambert Strether 4:55 pm

• 2:00PM Water Cooler 6/8/2020
  by Lambert Strether 2:00 pm

• The Day Is Dawning On a Four-Day Work Week
  by Lambert Strether 12:03 pm

• Links 6/8/2020
  by Lambert Strether 6:58 am

• Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses
  by Yves Smith 6:54 am

• Revealed: Nearly 400,000 British Companies Evade Anti-Money Laundering Checks
  by Yves Smith 5:27 am

June 7, 2020

• Why I Am Still Worried About the Legitimacy of the 2020 Election Balloting Process
  by Lambert Strether 2:25 pm

• Links 6/7/2020
  by Lambert Strether 6:58 am

• CEOs Bank Big Bonuses As Oil Companies Go Bankrupt
  by Lambert Strether 6:54 am

June 6, 2020

• Links 6/6/2020
  by Yves Smith 6:55 am

• A Window into the Hearts and Minds of Billionaire Donors
  by Yves Smith 4:18 am

• China’s Covid-19 Recovery Is Intensifying Class Exploitation
  by Yves Smith 2:50 am

June 5, 2020

• 2:00PM Water Cooler 6/5/2020
  by Lambert Strether 2:00 pm

• Melting Ice Opens Doors for Wider Spread of Contaminants, Diseases
  by Yves Smith 9:55 am

• Links 6/5/2020
  by Lambert Strether 6:58 am

• Judges Try To Balance Legal Rights And Courtroom Health
  by Yves Smith 4:36 am

• How Africa is Coping With Coronavirus
  by Yves Smith 2:46 am

• Liz Theoharis: Organizing the Rich or the Poor? Which America Will Be Ours After the Pandemic?
  by Yves Smith 1:33 am

June 4, 2020

• 2:00PM Water Cooler 6/4/2020
  by Lambert Strether 2:00 pm

• ICUs Become A ‘Delirium Factory’ For COVID Patients
  by Jerri-Lynn Scofield 9:55 am

• Links 6/4/2020
  by Jerri-Lynn Scofield 6:55 am

• Covid-19 Recessions: This Time It’s Really Different
  by Yves Smith 5:20 am

• U.S. States Just Lost Pipeline Veto Rights And That’s A Big Deal For Oil
  by Yves Smith 12:32 am

• The Battle Over Free Speech Online Is a Volcano That’s Ready to Blow
  by Yves Smith 12:11 am

June 3, 2020

• 2:00PM Water Cooler 6/3/2020
  by Lambert Strether 2:00 pm

• U.S. Abandons Open Skies for New Age Space Weapons
  by Yves Smith 9:55 am

• Links 6/3/2020
  by Lambert Strether 6:55 am

• Hubert Horan: What Will it Take to Save the Airlines?
  by Yves Smith 4:37 am

• The Fleming Myth and the Public Sector Contribution to Discovery and Development of New Cancer Drugs
  by Yves Smith 4:04 am

• Judge Entertainingly Dresses Down Expert in Neiman Bankruptcy
  by Yves Smith 2:42 am

June 2, 2020

• 2:00PM Water Cooler 6/2/2020
  by Lambert Strether 2:00 pm

• Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich
  by Yves Smith 9:55 am

• Links 6/2/2020
  by Yves Smith 6:55 am

• Why Did Covid-19 Spiral Out of Control?
  by Yves Smith 6:50 am

• What’s the Earliest a Progressive Democrat Can Be Elected President?
  by Yves Smith 5:25 am

• Condé Nast Hopelessly Botches Taking Paid Subscription As It Dumps Writers
  by Yves Smith 4:54 am

June 1, 2020

• 2:00PM Water Cooler 6/1/2020
  by Lambert Strether 2:00 pm

• New Poll Says a Majority of Americans Would Privilege Slowing the Spread of COVID-19 Over Restarting the Economy (Despite the Relentless Assault of Get Back to Work, Slackers! Propaganda)
  by Jerri-Lynn Scofield 9:55 am

• Links 6/1/2020
  by Jerri-Lynn Scofield 6:55 am

• Watch: This Is What It Looks Like When the Response to Protests Against Police Violence Is… More Police Violence
  by Jerri-Lynn Scofield 6:50 am

• EU Stimulus Fakery as Brexit Stumbles Forward
  by Yves Smith 6:10 am

• Why Americans Are Tiring of Social Distancing and Hand-Washing – 2 Behavioral Scientists Explain
  by Yves Smith 5:09 am