Author Archives: Yves Smith

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.

The Fleming Myth and the Public Sector Contribution to Discovery and Development of New Cancer Drugs

Abstract, “basic research” is essential to drug discovery. It is also largely funded by the public sector.

Judge Entertainingly Dresses Down Expert in Neiman Bankruptcy

A bankruptcy judge minces no words. More, please.

Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich

Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.

Links 6/2/2020

Why Did Covid-19 Spiral Out of Control?

Some Covid-19 sleuthing.

What’s the Earliest a Progressive Democrat Can Be Elected President?

Progressive pickins look mighty slim.

Condé Nast Hopelessly Botches Taking Paid Subscription As It Dumps Writers

Does Condé Nast not want your money?

EU Stimulus Fakery as Brexit Stumbles Forward

The news on the EU and UK fronts is less than promising. It looks good only compared to rampaging cops on this side of the pond.

Links 5/30/2020