Limited Liability: Profit Without Responsibility
Over time, limited liability entities have helped facilitate “Heads I win, tails you lose” conduct.
Read more...Author Archives: Yves Smith
Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last
A contrarian take on housing.
Read more...Trust and Compliance with Public Health Policies in the Time of COVID-19
Quelle surprise! Societies that trust their leaders are more willing to go along with Covid-19 restrictions.
Read more...Goldman Gets Off Easy in 1MDB Scandal Despite Further $2.9 Billion in Payments, Criminal Charge Against Malaysian Sub
Despite the big numbers, Goldman gets the kid glove treatment relative to the severity of its 1MBD misconduct.
Read more...The East Mediterranean Crisis Could Ignite a Greek-Turkish Proxy War
Greek-Turkish relations are more rocky than usual. A look at some of the drivers.
Read more...CalPERS: Poster Child of Private Equity Cargo Cultism
CalPERS’ zealous defense of private equity looks pathological. So we hazard a diagnosis.
Read more...Profits Over Human Life? ER Doctor’s Story Is Fearful Lesson for U.S. Workers During Pandemic
Dr. Ming Lin spoke out about Covid safety and was fired. A doctor working for corporations must check his medical ethics at the door.
Read more...With Bankruptcies Mounting, Faltering Oil and Gas Firms Are Leaving a Multi-Billion Dollar Cleanup Bill to the Public
Yet another example otf how the oil industry is subsidized, here by another way it dumps environmental costs on the public at large.
Read more...How To Break the Covid Doom Loop
Are repetitive short lockdowns a viable way to tame Covid-19?
Read more...An Indictment of the “Standard Model” for Pension and Endowment Investing
A lucid and daming explanation of why public pension funds and other instutitional investors regularly fall short of popular indexes.
Read more...Brexit: Standoff
Will Johnson pull the Brexit plug today, or decide to fight another day?
Read more...Latest Election Stunt Proves Uber and Lyft Are Their Own Worst Political Enemies
Quelle surprise! Uber and Lyft are acting in bad faith in their struggles to get out of being classified as employers.
Read more...Pandemics and Inequality: A Historical Overview
The record of pandemics past shows that only devastating mortality rates reduce inequality.
Read more...Links 10/15/2020
College Enrollments Drop Due to Covid, Adding to Budget Damage
College enrollments fall, consistent with predictions that Covid would hit them hard.
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