Money Is Still King of the Hill And We Are All the Poorer for It: A Glance Back, and Forward
A personal retrospective on money in US politics.
Read more...Author Archives: Yves Smith
The Military-Industrial Jobs Scam
Military contractors have used the threat of US job cuts to extract more dough from American taxpayers….and then cut US jobs.
Read more...Links 8/3/19
The Trump White House Is Upending Decades of Policy-Making Procedures
The Trump Administration really is making things up as it goes along.
Read more...Why We Need Publicly Owned Energy for a Green New Deal
Moving to zero carbon output requires a decentralized, publicly-owned energy system.
Read more...Trump Pretends to Like Union Members—But He Really Likes the Fat Cats
An update on what Trump has, or more accurately, has not, done for workers.
Read more...Families Drowning in Debt to Stay in the Middle Class
Young people with pretty high incomes are sinking under debt.
Read more...CalPERS in Bed With Jeffrey Epstein Client and Co-Investor, Apollo’s Leon Black Even After Apollo Pay-to-Play Scandal Led to Conviction and Jail Term for Former CalPERS CEO
CalPERS is worried about being tainted by its association with Leon Black of Apollo. CalPERS should be a lot more worried about its wallet.
Read more...Why Consumers Aren’t Buying Electric Cars
Press and affluenza enthusiasm for electric vehicles is ahead of mass consumer appetite.
Read more...Climate Equity: What Is It?
Why the AOC-Kamala Harris climate equity scheme fails as climate and economic policy.
Read more...Links 8/1/19
Private Equity: The Perps Behind Destructive Hospital Surprise Billing
How private equity ginned up yet another abuse.
Read more...Signs of Recession Are Hitting Europe—And Its New Central Bank President May Not Be Up for the Challenge
Europe, or more specifically the Eurozone, has a deficient bank regulatory framework which may be tested by economic weakness and wobbly banks. Having Christine Lagarde at the ECB’s helm is not likely to be a plus.
Read more...Carbon Dividends: A Plan for Earth’s Survival that Can Survive U.S. Politics?
Yves here. Carbon dividends are a way to create support for setting a price for carbon. None other than those starry-eyed granola heads at Financial Times called for setting a price for carbon in 2007. Pigovian taxes (ones meant to discourage activity, like transactions taxes) should typically not be seen as revenue generators, since you […]
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