Author Archives: Yves Smith

Links 8/20/2022

Companies Are Paying Inflation Busting Dividends at Cost to the Rest of the Economy, Including Their Employees

How companies are paying dividends rather than investing in their business or paying employees better……and often borrow to do so.

Will the Inflation Reduction Act Actually Reduce Inflation? How Will the Corporate Minimum Tax work? An Economist Has Answers

A look at some of the tax and tax collection changes in the Inflation Reduction Act.

Links 8/19/2022

Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’

The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.

Failing CDC Chief Rochelle Walensky Makes Confession, Announces “Shake Up” via Committee When She Should Resign

Rochelle Walenksy makes an all-too-obvious gambit to save her spot at the CDC. But the very initiative proves she should resign.

A Next-Level Water Crisis: Colorado River Basin Faces Tier 2 Restrictions

More on the intensifying Colorado River water crisis.

Influential Oil Company Scenarios for Combating Climate Change Don’t Actually Meet the Paris Agreement Goals, Our New Analysis Shows

How Big Oil plays data games with the Paris Agreement climate targets, already seen by many as too permissive.

Germany to Keep Three Nuclear Plants Going Past Old Shut-Down Date to Alleviate Energy Crunch

Germany looks a wee bit desperate as it suddendly moves to keep three nuclear reactors in producion that were set for shutdown

Buy and Bust: Collapse of Private Equity-Backed Rural Hospitals Mired Employees in Medical Bills

Bad enough when private equity hurts customers and communities. Here they stole from employees by defaulting on health insurance