Pentagon Porks Up as Covid-19 Bleeds Economy
Quelle surprise! Pentagon grifting continues apace, even in the face of a full-bore domestic crisis.
Read more...Author Archives: Yves Smith
Links 6/27/2020
Michael Hudson on Coronavirus and Debt Winners and Losers
Michael Hudson explains why debt cancellation and turning banks into utilities is the only sound response to the cornacrisis.
Read more...The Pandemic Shows the Importance of Funding Early Childcare and Education Infrastructure (Updated)
Why investment in childcare and education provides high returns yet has been largely ignored in Covid-19 responses.
Read more...Pandemic-Emptied Hotels Could Become Affordable Housing, City Officials Suggest
Potentially thousands of vacant hotel rooms in New York City alone are ripe for conversion into permanent residences, deputy mayor, housing groups and hotel owners agree.
Read more...Newspaper Woes Intensify in Covid-19 Era: Widespread Job and Pay Cuts as Ad Revenues Fall
While you were busy worrying about coronavirus, the newspaper business took another body blow.
Read more...SEC Issues Devastating Risk Alert on Private Equity Abuses; Effectively Admits Failure of Last 5+ Years of Enforcement
The SEC’s Office of Compliance Inspections and Examinations says private equity conduct is really really bad.
Read more...The Best Law Capital Can Buy
A review of the important new book “The Code of Capital: How the law creates wealth and inequality.”
Read more...LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight
Mike Hiltzik gives the CalPERS board yet another well-warranted dressing down.
Read more...Minnesota, Ellison Announces Climate Lawsuit Against Exxon, Koch, and API
Minnesota launches a bold climate lawsuit. What are its odds of prevailing?
Read more...Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them
The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...Links 6/24/2020
Saharan Dust Storm Expected To Cause Dangerous Air Pollution in U.S. This Week
Jeff Masters tellls you everything you want to know about a dust strorm set to drift over the US
Read more...America Sits on Its Hands as Covid-19 Cases Rise
More signs of Covid-19 breakdown.
Read more...Massive Credit Losses to Hit European Banks in Q2 and into 2021, Particularly When Debt Moratoriums Are Lifted
Keeping tabs on the wobbly state of EU banks.
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