Coal Is Dead, But China Is Reviving It
Bad climate news: coal is far from over.
Read more...Author Archives: Yves Smith
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.
Read more...J.D Alt: The People’s Money (Part 4)
Why a Green New Deal looks like it will create a money, as in spending, as in inflation problem. Rest assured, there is an answer….
Read more...Links 12/3/19
Private Equity’s Uninvested “Dry Powder” and Falling Returns Reflect a Bigger Problem: The End of a Long Term Disinflationary Tail Wind
The press is finally becoming skeptical of private equity’s claims that it generates superior returns, demonstrated by a Monday Wall Street Journal story, Private-Equity Cash Piles Up as Takeover Targets Get Pricier1 and a Bloomberg article yesterday, ‘Peak’ Private-Equity Fears Are Spreading Across Pension World. This follows a Mark Hulbert piece in MarketWatch, whose title […]
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