Law Review Article Describes Private Equity as Bargaining Failure, Indictment of Law and Economics Fetishization of Contracts
An important new paper puts another big chink in private equity’s armor.
Read more...Author Archives: Yves Smith
Can China’s Outsized Real Estate Sector Amplify a Delta-Induced Slowdown?
Whether by accident or design, the implosion of China’s Evergrande will take some air out of its inflated real estate sector. What then?
Read more...Matt Stoller: #OccupyWallStreet Is a Church of Dissent, Not a Protest
Trying to clear up the rear-view-mirror takes on OccupyWallStreet, ten years later.
Read more...Can the Economy Afford NOT To Fight Climate Change?
Yves here. If humans are fortunate enough merely to suffer a Jackpot rather than a full-bore collapse, perhaps future historians will try to make sense of why individuals and governments did pretty much squat to prevent climate change even when they recognized it really was well underway and would produce very bad outcomes. I imagine […]
Read more...CalPERS’ Long-Term Care Fiasco: Private Burial to Hide Malfeasance, Failure to Implement Legislation
A key fact in CalPERS’ long-term care debacle: the giant fund flagrantly violated the statute govening this progam.
Read more...Social Security COLA for 2022 To Be Near 5.8%, Could Match 2009, Biggest Since 1982
Seniors are destined to lose ground with cost of living increases, but how badly will they lag with 2022’s seemingly large boost?
Read more...The Counterinsurgency Myth
Counterinsurgency is an incoherent approach to conquest that the US has often attempted, with little in the way of success.
Read more...Why the Rich Get Richer and Interest Rates Go Down
A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...Port Authority Cop Who Survived 13 Hours Under Collapsed Towers Shares Message of Darkness and Light
A personal take on the collapse of the twin towers.
Read more...Elite Educators Have Milked the System for Long Enough
As the pandemic deepens inequality, it’s vital to dismantle the system that gives state schools no chance against elite peers
Read more...US as Failed State: Covid Booster Shot Mess
The booster situation has developed not necessarily to the Biden Administration’s advantage.
Read more...US Has No Intention of a Global Military Retreat Despite Biden’s Promise
The US military-industrial complex will promote remote warfare as a myriad of risks diminish worldwide security.
Read more...The Bizarre Civil War-Stoking Impulses of the Professional-Managerial Class in the US
The professional-managerial class looks to be igoring Sun Tsu’s warning: “Tactics without strategy is the noise before the defeat.”
Read more...What I Did Over Labor Day (Dimash!)
Dimash strikes again.
Read more...The Two Satans of Afghanistan – And Jimmy Carter’s Lips Are Sealed
How the Carter Administration nudged the USSR into its Afghanistan mire.
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