Author Archives: Yves Smith

‘The Economist’ Notices the Climate

A prominent example of Serious People giving lip service to the disastrous consequences of climate change, with no urgent call to action.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Five: Didi’s IPO Illustrates Why Uber’s Business Model Was Always Hopeless

Didi has a more commanding position than Uber in a fundamentally more attractive market, yet has been hemmorrhaging money.

The Moral Hazard of Limited Liability

Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.

Links 7/31/2021

Confessions of a New York Times Washington Correspondent – Bob Smith Pt 2/2

Bob Smith got the Watergate break-in leak before the Washington Post. But the New York Times, then as now, avoids tough political stories.

Congress Moves to Reclaim Its War Powers

Congress has roused itself from its stupor over our undeclared, or more accurately, unapproved wars. But will much change?

Is the UK Back in Lockdown?

Another theory about the apparent decline in UK Covid cases right after Freedom Day.

A 20-Foot Sea Wall Won’t Save Miami – But Living Structures Can

How to rescue Miami…and other coastal cities that will otherwise be largely under water.

Links 7/29/2021

Cuomo’s Incoherent “Come Back En Masse” Strategy Ignores Delta Dangers

Cuomo, like his Team Dem allies, insists the vaccines will allow him to stay the reopening course when Delta is throwing a big money wrench

The Infinite Loop of Empty Direct-to-Consumer Branding

Taking note of a weirdly hollow millenial-focused consumer brand type.