Uber Loses Another $1.2 Billion, Stock Dives Again
Uber manages to bleed even more cash.
Read more...Author Archives: Yves Smith
Why Did Isaac Newton Lose His Shirt in Financial Speculation? Author Alex Pollock Explains.
Trying to predict the financial future is a fool’s errand, even for a genius.
Read more...Public Pension Funds Criticized for Profiting From Private Equity’s “Surprise Billing” Abuse
Surprise billing is such a widespread abuse that it is managing to bring private equity chicanery and public pension funds’ tacit support of it to long-overdue public attention.
Read more...Links 11/2/19
‘Another Gift’ to Big Business as Trump Treasury Moves to Eliminate Rules Against Corporate Tax Avoidance
Another day, another Trump gift to the wealthy, this one in the form of a corporate tax break.
Read more...What Randomised Control Trials Can and Cannot Do: The 2019 Nobel Prize
A long-form discussion of the randomised approach celebrated in this year’s “Nobel” for economics.
Read more...Brexit: Johnson’s General Election Busted Flush?
How the Tories are setting themselves up to lose the upcoming general election.
Read more...California Nursing Home Residents Told To Find New Homes
A nursing home case study in profiteering.
Read more...The Rise and Fall of the Roman Republic: Part 4 of 4: The Empire as Hegemonic “Banana Republic” Ruled by Caudillos
The finale in a short history of the Roman Republic.
Read more...Grab Your Apocalypse Bag — It’s Fire Season in California
Increased fire risk is creating new behaviors in California. May be coming to your area soon….
Read more...NYC Denizens! Please Stop by Our Meetup Tonight!
If you are in the NYC area today, please swing by our meetup this evening for some fun and good company.
Read more...Elizabeth Warren’s Plan-itis: Excessive Lobbying Case Study
A hard look at a Warren plan reveals a lot not to like.
Read more...Johnson’s Brexit Is Inspired by Blair, Eden and Chamberlain – Not Churchill
Describing how the political roots of Brexit run deep.
Read more...Links 10/26/19
Our Response to the Next Crisis Must Tackle Consumerism
Ideas for taking on consumerism.
Read more...