Covid-19 Bankruptcies Bleeding Out Jobs, Economic Capacity
Covid-19 bankrupties show how the disease is draining the economy.
Read more...Author Archives: Yves Smith
What to Do if COVID-19 Is Here to Stay
If Covid-19 can’t be beaten soon, how do we cope?
Read more...Another Town Is Possible: Community Wealth Building in the Basque Country
Yves here. Readers sometimes ask for success stories to show that there are possible paths out our present economic and social morass. The Basque has long operated a collective ownership model centered around Mondragon. And it has been successful in protecting the community from economic crises. I was in Portugal and Spain, by happenstance doing […]
Read more...Why Relentless Labor Rights Enforcement Will Make or Break the New NAFTA
Why Nafta 2.0 labor protections for Mexicans are key to whether the deal delivers on its promise to US workers.
Read more...Biden Defends Undying Allegiance to For-Profit Healthcare During Interview With Dying Medicare for All Advocate Ady Barkan
Biden acts like the heartless pol he is. He can’t keep up the pretense if someone wants to get between him and insurer profits.
Read more...Unemployment Claims Hit New Record: 32.9 Million State & Federal. Week 16 of U.S. Labor Market Collapse
The latest unemployment data calls into question the notion that anything more than a techical recovery is underway.
Read more...Let the Predation Begin! CFPB Rolls Back Obama-Era Payday Loan Protections
Payday loan abuses are baaack, thanks to a full bore lobbying effort.
Read more...Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast
CalPERS latest beneficiary e-mail had misrepresentaions that even the toothless SEC would sanction.
Read more...Big Pharma Wants to Pocket the Profits From a COVID Treatment You Already Paid For
Why Gilead’s price gouging for its Covid-19 treatment remdevisir is even more egregious than you thought.
Read more...Links 7/9/2020
Private Equity and the Pandemic: Brace for Impact…Investing (Part II)
Private equity profiteering in prisions and education demonstrates why their enthusiasm for socially responsible investing is a con.
Read more...NY Department of Financial Services Fines Deutsche Bank Over Jeffrey Epstein Abuses; Where Are the Feds?
Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.
Read more...Will the E-Money Boom Make the UK a Hub of Money Laundering?
Quelle suprise! E-money is facilitating financial fraud. And the UK’s FCA is unduly accommodating.
Read more...“Warren’s Eviction Bill Is Economically and Politically Savvy”
Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.
Read more...Private Equity and the Pandemic: Brace for Impact…Investing
Private equity wants investors to believe that it can do good. The damage it has done through its health care industry profiteering says otherwise.
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