Hubert Horan: The Airline Industry Collapse Part 4 – Total Paralysis Continues
Hubert Horan recaps a talk with FT Alphaville’s Izabella Kaminska on why the airline is in desperate shape and not considering solutions.
Read more...Author Archives: Yves Smith
The Bahrain-Israel Mutual Recognition
A take on why Bahrain followed the UAE in recognizing Israel.
Read more...America’s Dire Inequality Demands a New Conceptual Framework. This Economist Has One.
Lance Taylor explains that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.
Read more...CalPERS Cooks Its Books: Grossly Understated Investment Consultant Meketa’s Expenses in Annual Financials; Made a Criminal False Account by Burying the Cost
CalPERS violates accounting rules by hiding outside consulting costs in internal investment overheads. None of the possible reasons are good.
Read more...CalPERS’ Bad Numbers: CEO Marcie Frost’s Multi-Hundred Thousand /Year Advisor Randle Communications Missing from Board Reports
A remarkable series of accidents led to the CalPERS board not being told how much CEO Marcie Frost’s advisor Randle Communications costs.
Read more...Links 9/10/2020
‘Dereliction of Duty’: Outrage as USPS Board Issues Gushing Praise for DeJoy Amid Mail Slowdowns, Medicine Delays, and Straw-Donor Scandal
The latest sordid episode in the teardown of the US mail service.
Read more...What Rent Drop? Listed Prices Aren’t Budging Where COVID-19 Hit Hardest
New York City disproves popular beliefs about flight from cities and rent declines.
Read more...How US Consumers Use Their Stimulus Payments
Contrary to right wing beliefs, giving citizens stimulus payments didn’t lead them to loaf.
Read more...Regressive Taxation Must Be Reversed
Discussing taxation proposals by inequality mavens Emanuel Saez and Gabriel Zucman.
Read more...Links 9/9/2020
Democracy Scares, from the Destruction of Bryan to the Abdication of Bernie: Why America Desperately Needs a Second Populist Movement but Ain’t Gonna Get One an interview + Review of The People, No! A Brief History of Anti-Populism by Thomas Frank
Thomas Frank explains why populist campaigners face such a hostile environment now.
Read more...Brexit: Pear Shaped
A desperate Government Brexit ploy, perhaps conceived to increase its negotiating options, has quickly become an own goal.
Read more...How Warming Will Widen the Italy North-South Economic Gap
In Italy and elsewhere around the globe, climate change will worsen existing inequalities, researchers say.
Read more...Treating Offenders: They Tried To Make Me Go to Rehab and I Said “Yes, Yes, Yes”
A new study on custody treatments of juvenile offenders finds rehabiltation reduces recidivism compared to coercive regimes.
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