Hubert Horan: Can Uber Ever Deliver? Part Twenty-Three: Uber’s Already Hopelessly Unprofitable Economics Take A Major Coronavirus Hit
The press is still refusing to depict Uber accurately, as a rotting corpse.
Read more...Author Archives: Yves Smith
CalPERS Digs Its Ben Meng Defenestration Hole Deeper: Claims Knowledge of Abuse Months Ago; Notice for Emergency Closed Session Legally Invalid Unless CEO Frost’s Job Is on the Line
CalPERS is bizarrely unable to control its bad impulses.
Read more...COVID-19 Survivors Face Lifetime of Disability
Funny how other countries are willing to acknowledge that Covid-19 can do very bad things without killing you, and not the US.
Read more...Links 8/8/2020
Larry Wilkerson: The Danger of War With China is Real and Insane
Col. Larry Wilkerson explains that China and the U.S. must work together on the climate crisis, but the militaries and security states on both sides make that impossible.
Read more...Why Capitalism Is in Constant Conflict With Democracy
A high level, if flawed, critique of democracy American style.
Read more...Patrick Cockburn: War and Pandemic Journalism
On the political forces that lead governments to minimize pandemic risks and costs and cheerlead faint signs of hope.
Read more...Crapification, Vanguard Style: Customer Service Rep Bullies Your Humble Blogger into Taking Security Risk
Vanguard behaves very badly.
Read more...Stimulus Talks on Verge of Failure as Both Sides Trade Blame
No news on the stimulus front is very very bad news.
Read more...Why Taiwan Is at the Heart of a Geopolitical Struggle to Produce Cutting-Edge Computer Chips
Why Taiwan could serve as a prototype for a tech proxy war.
Read more...Peter Kuznick: Why Did Americans Accept Barbaric Slaughter of Japanese Civilians?
In 1939, Roosevelt decried targeting civilians as “inhuman barbarism”. In 1945, the U.S. firebombed Japanese cities and dropped nuclear bombs.
Read more...Links 8/6/2020
CalPERS Chief Investment Officer Ben Meng Resigns Following Our Exposing His False, Felonious Financial Disclosure Filings and Private Equity Conflicts of Interest
CalPERS Chief Investment Officer Ben Meng has left abruptly. If you’ve been paying attention, this isn’t a total surprise.
Read more...Mass Gatherings Contributed to Early COVID-19 Mortality: Evidence from US Sports
A clever and disconcerting analysis shows how much big indoor gatherings boosted Covid-19 deaths.
Read more...Why International Financial Regulation Still Falls Short
Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.
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