‘95% Effective’ May Not Mean What You Think It Means
A detailed discussion of the headline “95% effective” claim for the about-to-be-released Pfizer and Moderna Covid vaccines.
Read more...Author Archives: Yves Smith
Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending
To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.
Read more...Brexit Chaos Was Entirely Predictable Because the World Works on Routine, and Brexit Breaks All the Routine Systems on Which Trade Has Relied
Brexit disruption has started even with a skimpy deal still theoretically possible.
Read more...Medicare Blues
Medicare is not looking good.
Read more...Why America’s Future Depends on Rebuilding Our Factories
Bringing factories back to the US would have been a good idea 20 years ago. Hard to see how we get there from here now.
Read more...CalPERS Employees Beware: Don’t Fill Out Non-Confidential Survey Jiggered to Falsely Boost Executive Bonuses
Memo to CalPERS employees: If you see staff or vendors profiteering, call a lawyer. You could win a financial award and stop the abuse.
Read more...Links 12/8/2020
Is It Time for a Debt Jubilee?
Steve Keen and Micheal Hudson provide a deep dive on a debt jubilee, and how it could be implemented in a Covid-afflicted economy.
Read more...Google Monopolizes Ad Markets Through Conduct Lawmakers Prohibit in Other Electronic Trading Markets
How Google’s abuses allow the search giant to dominate online advertising, and what can be done about it.
Read more...Millions of Tenants ‘Headed for Absolute Disaster’ After New Year, Owing Average of Nearly $6,000 in Rent and Utilities
The clock is ticking for underwater tenants, and Congressional relief looks set to be too little, too late.
Read more...Judge Slams Apollo for Making Investors Pay for Partner’s Bogus Personal Expenses; Clueless SEC Missed the Abuse, Maybe Because Paul Weiss Misled Them
A federal judge blasts Apollo for making bogus charges to its investors and by implication, law firm Paul Weiss, for whitewashing the abuse.
Read more...Business and Related Restrictions Appear to Curb COVID-19 Fatality Growth, But Some Do Not
An examination of particularly Covid-containment strategies in terms of cost versus effectiveness.
Read more...Links 12/5/2020
Rana Foroohar and Mark Blyth on Democrats Trying to Please Too Many Money Masters at Once
The Democrats will soon decide which campaign promises will be ignored or walked back. Sandernistas, brace yourselves.
Read more...The Jobs Report is a Mess, December Will Be Messier
The Nov. 14 cut-off kept most of the Covid spike impact from the jobs data. And there’s underying decay due to globalization.
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