Author Archives: Yves Smith

‘Destroyer of Newspapers’ Vulture Fund Buys Majority Stake at Tribune Publishing

Newspaper unions express fear that Alden Global Capital “is looking to bleed its next chain of newspapers dry.”

Links 11/21/19

Wolf Richter: The Fed Slaps Down Negative Interest Rates

The first major discussion of negative interest rates recounted in the FOMC minutes show serious disapproval.

“The UN Is Being Turned into a Public-Private Partnership”: Harris Gleckman Explains Stealth Takeover by World Economic Forum

Lynn Fries speaks to Harris Gleckman about the growing corporate influence over our global governance system – and what can be done to stop it.

Links 11/20/19

Democrats’ Private Equity Hearing Fail: Abject Incompetence, Corruption, or Mere Unseriousness?

A House Financial Services Committee hearing on private equity revealed more about the party than about private equity, and in a not good way at that.

The Coup in Bolivia Has Everything to Do With the Screen You’re Using to Read This

The coup in Bolivia as a resource play.

Reminder: Birmingham Meetup Tomorrow, Thursday November 21. Hope to See You There!

Our Birmingham meetup is nigh! Please join us!

New Report Finds Costs of Climate Change Impacts Often Underestimated

Why most economists considerably underestimate the cost of climate change.

Private Equity Under the Hot Lights Today at House Financial Services Committee Hearing, “America for Sale?”

Private equity gets some long overdue scrutiny.

The Rich Under Stress as Asset Prices Wobble

Some of the rich are feeling the pinch. Is this a passing phenomenon or a sign of things to come?

FAA Pushes Back on Boeing Pressure to Recertify 737 Max by Year End; Agency Also Considering Major Revamp of Certification Process

Remarkably, the new FAA chief Steve Dickson is standing up to Boeing and planning widespread reforms at the agency.