Author Archives: Yves Smith
People and Jobs? Or Wealth? The Government Has To Decide Which To Prioritise, and There Is Only One Right Answer
Why landlords, banks, and pensions need to be sacrificed to save jobs and businesses from the ravages of coronavirus.
Read more...The Eurozone in Crisis
The Eurozone, despite years of band-aids over gunshot wounds, has managed to soldier on. It may have finally met its match in the coronacrisis
Read more...Some Communities Are Being Forced to Fight School Closures and Privatization in the Midst of the Pandemic
Citizens opposing a school restructuring plan in Minneapolis remind local officials: “The educational system actually belongs to us.”
Read more...The False Dawn of Ending Coronavirus Lockdowns
It would be nice if relaxing the lockdowns would solve a problem, any problem….
Read more...Jesse Ventura Could Pose a Greater Threat Than Biden or the Democrats Believe
How Jesse Ventura could upset the already wobbly Biden apple cart.
Read more...Pandemic Profiteering: How the Military Goes to the Head of the Covid-19 Bailout Line
How the coronavirus has helped the US military up its grifting game.
Read more...Universa Debunks CalPERS’ Defense of $1 Billion Tail Hedge Miss; Insider Accounts Expose Additional Misrepresentations
CalPERS efforts to ‘splain away its $1 billion tail hedge fiasco backfire as one of the tail risk managers, Universa, shreds CalPERS’ claims.
Read more...Links 5/2/2020
We Found and Tested 47 Old Drugs That Might Treat the Coronavirus: Results Show Promising Leads and a Whole New Way to Fight COVID-19
Yves here. It is disturbing to watch the push to con the public into seeing remdesivir as the only promising treatment for coronavirus. Please circulate this post widely to inform people you know that established, lower cost drugs also show promise. By Nevan Krogan, Professor and Director of Quantitative Biosciences Institute & Senior Investigator at […]
Read more...Harmoniously Denied: The Wider Implications of China’s Censorship on COVID-19
How China’s Covid-19 censorship illustrates how Chinese citizens have internalized what were once top-down controls.
Read more...Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March
Keeping tabs on Fed munificence.
Read more...More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?
Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.
Read more...Water Should Be a Public Good, Not a Commodity. Catalonia Is Showing How
The Terrassa Water Observatory puts citizens in the driver’s seat of water management.
Read more...Is the Tara Reade Story Approaching Critical Mass?
Biden is feeling enough heat about the Tara Reade rape accusation that he’s appearing on Morning Joe today. But can he make the story go away?
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