Why The Kurds Still Don’t Have a Country
How the Kurds always wound up on the losing end of imperial map-drawing.
Read more...Author Archives: Yves Smith
Carbon Taxes and Carbon Pricing Are Not Solutions to the Climate Crisis
A short-form debunking of a popular but unsound idea for addressing carbon emissions.
Read more...Another Health Industry Initiative to House the Homeless
Some small-scale initiatives to aid the homeless demonstrate how inadequate our respojnses are.
Read more...The Myth of Shareholder Primacy
A surprising alliance of big business, activists and left-wing politicians have condemned the shareholder value paradigm. But did it ever really exist?
Read more...German Finance Minister Pumps for EU-Wide Deposit “Reinsurance” But Expected Details Mean Lots of Gaps Likely
The lead story in the Financial Times tonight is that Germany’s finance minister Olaf Scholz is pushing for an EU-wide deposit scheme…of sorts. Even though Scholz’s plan appears to be more modest than the headlines indicate, even a halting move towards EU-level fiscal commitments would be a significant departure from Germany’s traditional stance of barring […]
Read more...CalPERS Follows Naked Capitalism Recommendation: Does 180 on Emerging Managers by Dumping Managers, Slashing Commitments, Defying Board-Authorized Plan Through 2020
CalPERS has belatedly followed our advice and is radically cutting back on its so-called emerging managers.
Read more...Manufacturing Fear and Loathing, Maximizing Corporate Profits! A Review of Matt Taibbi’s Hate Inc.: Why Today’s Media Makes Us Despise One Another
Matt Taibbi’s must-read new book Hate Inc. describes how the media stokes fake conflicts to prevent consideration of real issues.
Read more...America Will Keep Losing Its Middle Class as Long as “The Free Market” Dominates the Economic Debate
How free market fundamentalism has undermined industrial policy and other pro-worker measures.
Read more...Uber Loses Another $1.2 Billion, Stock Dives Again
Uber manages to bleed even more cash.
Read more...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.
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