Author Archives: Yves Smith

The European Union Still Hasn’t Considered an Economic Proposal That Can Save It

The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.

Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses

While the US was busy with coronavirus and George Floyd protests, private equity stormed the retail investor barricade.

Revealed: Nearly 400,000 British Companies Evade Anti-Money Laundering Checks

David Cameron promised to stop scammers and kleptocrats hiding behind British shell companies. But almost one in ten UK firms still do not declare ‘persons of significant control’

Links 6/6/2020

China’s Covid-19 Recovery Is Intensifying Class Exploitation

China’s response to the pandemic is to furth disempower its domestic and peripheral populations.

Melting Ice Opens Doors for Wider Spread of Contaminants, Diseases

New pathways and new and more distant places are leading to additional scientific findings on impacts of melting Arctic ice.

Judges Try To Balance Legal Rights And Courtroom Health

Judges are making battlefield health calls in reopening courtrooms, and some policies don’t look very sound.

How Africa is Coping With Coronavirus

Politics and the caliber of social programs have influenced how countries in Africa have tried to limit the economic damage of the coronavirus.

Covid-19 Recessions: This Time It’s Really Different

Why Covid-19 damage will be lasting.

U.S. States Just Lost Pipeline Veto Rights And That’s A Big Deal For Oil

The EPA issued new regulations on pipeline approvals that narrow state authority to intervene. But the fight may not be over.

The Battle Over Free Speech Online Is a Volcano That’s Ready to Blow

The battlte to control social media keeps getting hotter.

U.S. Abandons Open Skies for New Age Space Weapons

The press has hyped the “gee whiz” factor of space toys while ignoring that exiting the Open Skies agreement will kick off a new arms race.

Hubert Horan: What Will it Take to Save the Airlines?

The airlines are facing an existential crisis, yet no one in power is inclinded or even equipped to intervene.