Recovery of Collapsed Airline Traffic in the US Backtracks
Traffiic data confirmed warnings by United and Delta of re-declining ticket sales, seinding airline shares down 3.7% intraday.
Read more...Author Archives: Yves Smith
Links 7/21/2020
COVID-19 and the Garment Industry’s Invisible Hands
How the cornacrisis has led to investigations of garment industry supply chains to unearth worker exploitation and shady contractors.
Read more...Immaculate Deception, Fed Style
The Fed knows it it is up to no good as far as ordinary citizens are concerned, witness its propaganda efforts.
Read more...As Covid-19 Patients Skew Younger, Tracing Task Seems All But Impossible
Why Covid-19 infecting younger people is making disease contaiment harder.
Read more...Covid-19 Economic Realities Sinking in as Denialism Wanes, Desperation Rises
Putting some ugly Covid-19 facts together.
Read more...While EU Leaders Squabble, The Elephant in the Room Remains Unnoticed
Why the EU Covid-19 rescue program is destined to be a sick joke.
Read more...Links 7/18/2020
There Can Be No Equality Without a Dramatic Renewal of Employment Opportunity for All American Workers
Workers, and above all black workers, lost out when unions came under attack and corporate profiteering and short-termism became the norm.
Read more...Why Africa’s Green Revolution Failed
A new report shows Africa’s Green Revolution is “failing on its own terms.”
Read more...Learning to Love State Capitalism
We’re constantly told that state capitalism is back. But these narratives are far from innocent.
Read more...Links 7/17/2020
Misunderstanding Public Pension Fund Implications of Thole v. US Bank and Mayberry v. KKR
How some commentators are misreading two recent court cases on pensions: Thole v. US Bank and Mayberry v. KKR.
Read more...Introducing *An Economic Program for American Democracy*
A 1938 economic manifesto makes modern day schemes look inadequate and unimaginative.
Read more...“Cancel Culture,” Race and the Greed of the Billionaire Class
Why cancel culture gets the elites off the inequality hook.
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