Articles by Yves Smith - Page 402 of 1589

Who Pays for Stranded Assets? Taxpayers Are Footing The Bill For 100-Year Old Oil Wells

Why shuttering oil wells is a physical, economic, and political mess.

Links 6/20/2020

What Do Struggling Small Businesses Need Most? Time – and Bankruptcy Can Provide It

Can a leisurely bankruptcy process help small businesses?

Let’s Make Sure We Get the Green New Deal Right

vid-19 throws a wrench in many of the assumptions underlying existing Green New Deal proposals.

The Bank of England Votes for More QE – But This Is a Road That Will Run Out

Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]

How America’s Covid-19 Rescues Look Set to Increase Inequality

Why the Covid-19 bailouts are coming at a high social cost.

The Costs Of Safely Reopening A High-End Restaurant

A restaurant case study.

The Police Weren’t Created to ‘Protect and Serve.’ They Were Created to ‘Maintain Order.’ A Brief Look at the History of Police in America

America’s police started out as muscle deployed against labor organizers.

Italy Once Again on the Eurozone Worry List

A new tsunami of bad debts washes ashore in Italy while banks are still struggling with the debris from the prior deluge of bad debts.

Links 6/18/2020

8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting

Why the economy is still mighty sick and won’t get much better any time soon.

More on Frank Partnoy’s Misguided Take on Collateralized Loan Obligations

No, collateralized loan obligations are not about to wipe out banks, and Frank Partnoy should have focused on real risks, like destruction of productive capacity.