The Geography of EU Discontent
The EU’s flyover, meaning areas in economic decline, are also its hotbeds of discontent and anti-EU sentiment.
Read more...Author Archives: Yves Smith
Financialization of the U.S. Pharmaceutical Industry
A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.
Read more...US Targets Wage-Repression Model in Mexico, Demands Inspections, Industry Has a Cow
A proposed provision in the so-called “NAFTA 2.0” to increase autoworker wages in Mexico is raising hackles south of the border.
Read more...Coal Is Dead, But China Is Reviving It
Bad climate news: coal is far from over.
Read more...Why Hospitals Never Have Enough Nurses: The Explanatory Power of “Prasad’s Law” of Wealth Concentration
Nurses, or more accurately, nurse staffing levels demonstrate a central bad incentive in American medicine.
Read more...CalPERS Should Thank Us for Publicizing, and Therefore Undermining Their Repeated Efforts to Hand Private Equity Portfolio to BlackRock: BlackRock’s Mark Wiseman Fired for Affair With Subordinate, Leading to Suspension of New Investments from “Warren Buffett” Style Megafund
How we helped CalPERS, despite the fund’s concerted efforts, dodge a BlackRock bullet.
Read more...‘Dark Waters’ Tells the Origin Story of a Public Health Nightmare. We’re Still Living It.
On a docu-drama that recounts the first major suit against toxic “forever chemicals” and what’s being done about them now.
Read more...Links 12/5/19
Questioning Innovation
Why innovation isn’t necessarily a good thing.
Read more...Tucker Carlson Tears into Vulture Capitalist Paul Singer for Strip Mining American Towns
Tucker Carlson takes on the feared vulture capitalist Paul Singer as an examplar of how hedge funds are destroying American communities.
Read more...The Debt Delusion
A short take on John Week’s new book, The Debt Delusion, and why it matters.
Read more...CalPERS Still Owns Toxic National Enquirer Via Hedge Fund Chatham; CEO Marcie Frost Falsely Says It Was Sold; Columbia Journalism Review Depicts Pending Sale as a Sham
CalPERS is trying to pretend it is done with the National Enquirer. A pending sale would still have CalPERS subsidizing the Enquirer’s costs.
Read more...Why the UK Needs a Financial Transaction Tax
Claims that a financial transaction tax would be difficult to implement and raise little revenue are fake news.
Read more...Opening of Formerly Secret FDA Database Exposes Medical Device Failures, Spurring Lawsuits
The FDA kept a database of medical device malfunctions secret for decades.
Read more...Wealthy Countries’ Approach to Climate Change Condemns Hundreds of Millions of People to Suffer
Emerging economies want large scale subsidies from their richer brethren to pay for them to move to green energy sources.
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