‘Dereliction of Duty’: Outrage as USPS Board Issues Gushing Praise for DeJoy Amid Mail Slowdowns, Medicine Delays, and Straw-Donor Scandal
The latest sordid episode in the teardown of the US mail service.
Read more...Author Archives: Yves Smith
What Rent Drop? Listed Prices Aren’t Budging Where COVID-19 Hit Hardest
New York City disproves popular beliefs about flight from cities and rent declines.
Read more...How US Consumers Use Their Stimulus Payments
Contrary to right wing beliefs, giving citizens stimulus payments didn’t lead them to loaf.
Read more...Regressive Taxation Must Be Reversed
Discussing taxation proposals by inequality mavens Emanuel Saez and Gabriel Zucman.
Read more...Links 9/9/2020
Democracy Scares, from the Destruction of Bryan to the Abdication of Bernie: Why America Desperately Needs a Second Populist Movement but Ain’t Gonna Get One an interview + Review of The People, No! A Brief History of Anti-Populism by Thomas Frank
Thomas Frank explains why populist campaigners face such a hostile environment now.
Read more...Brexit: Pear Shaped
A desperate Government Brexit ploy, perhaps conceived to increase its negotiating options, has quickly become an own goal.
Read more...How Warming Will Widen the Italy North-South Economic Gap
In Italy and elsewhere around the globe, climate change will worsen existing inequalities, researchers say.
Read more...Treating Offenders: They Tried To Make Me Go to Rehab and I Said “Yes, Yes, Yes”
A new study on custody treatments of juvenile offenders finds rehabiltation reduces recidivism compared to coercive regimes.
Read more...History Gives Reason to Hope That We Can Beat Inequality
Not surprisingly, fighting inequality has always been an uphill battle, but history gives some insight on tactics.
Read more...Another Compliance Failure: CalPERS Discussed Recusal of Ex-CIO Ben Meng but Failed To Enforce It; CEO Marcie Frost Says “Not My Job”
CalPERS CEO Marcie Frost told the press that she’s punting on her compliance duties.
Read more...Influential California State University Council Calls for CalPERS CEO Marcie Frost to Go on Administrative Leave During Investigation by Inspector General
A CSU group has asked Gavin Newsom to put CalPERS CEO Marcie Frost on administrative leave while an inspector general probes governane failings.
Read more...CalPERS Staff Yet Again Tries to Usurp Board’s Power by Steering Governance Reforms After CIO Ben Meng Departure
CalPERS staff is too obviously still trying to stymie Controller Betty Yee’s governance reforms.
Read more...Links 9/5/2020
Michael Hudson: Debt, Land and Money, From Polanyi to the New Economic Archaeology
Tracing key influences on Karl Polanyi as welll as some of his important initiatives after The Great Transformation.
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