Author Archives: Yves Smith

The Wealth of Corporations: Why Firms Have Zero Net Worth, and Why It Matters

A theory of net worth and what that means for measurements of wealth.

Foreign Direct Investment and Supply Chains in a Risky World

More forecasts on the future of supply chains.

Former Board Member Jelincic: CalPERS Claims It Is Protecting Confidential, as in Criminal, Informants in Hiding Details About Lending

CalPERS made damaging statements to justify withholding information about private loans. That suggestswhat it was hiding is even worse.

New York City Faces Another “Drop Dead”: How Many Other Cities Will Wind Up in Distress?

We are at best only at the end of the beginning of big cities’ Covid-19 pain. What comes next?

Covid-19: Carmageddon Beckons Unless Work from Home Continues

Another way Covid-19 is wreacking havoc on major cities.

Links 8/22/2020

Earl Katz: Regenerative Agriculture and Massive Planting of Trees is Our Only Hope

Earl Katz, an early climate change warrior, looks at the dwindling number of options humans have for alleviating global warming.

How the Agricultural Lobby Is Sabotaging Europe’s Green Deal

The European Commission’s ambitous Green Deal plans are already stumbling over bureaucratic infighting and ag industry opposition.

Looting, American Style: CEOs Get Big Pre-Bankruptcy Bonuses Even When Lenders and Employees Stiffed

Failed CEOs succeed in looting their companies on the verge of bankruptcy filings.

Saudi Arabia Refuses To Learn From Its Two Failed Oil Price Wars

The oil situation has developed not necessarily to Saudi Arabia’s advantage, but MbS appears not to have gotten the memo.

Global Warming Is Accelerating. (In Other News, Democrats Reverse Platform, Won’t End Fossil Fuel Subsidies)

The Democrats busy themselves with a self-love fest as they ignore more and more dire evidence of the progress of global warming.

Cloth Masks Do Protect the Wearer – Breathing in Less Coronavirus Means You Get Less Sick

More evidence in support of masks.

Links 8/20/2020