Author Archives: Yves Smith
COVID-19 Math Explained, With Data
Looking at COVID-19 R0s.
Read more...CalPERS Legacy Assets: How Much in Overvaluation Has CalPERS Been Hiding?
CalPERS apparently needs to take a bath on its legacy assets.
Read more...Why You Should Stop Using or Cancel Your Citi Mastercard: Systematic Violation of Cardmember Chargeback Rights, Insistence on Using Fraud-Friendly Voiceprints
Citi is doing a number on its own and the Mastercard brand name with cringe-makingly inept and dishonest credit card operations.
Read more...When Safety Measures Lead to Riskier Behavior by More People
How safety measures can backfire.
Read more...After Bloody Day, Coronavirus Meltdown Continues. Big Danger: Italian and Eurobanks Are Set To Blow
So many coronavirus panics that a looming risk is getting little notice: implosion of Italy’s banks, a potential Credit Anstalt event.
Read more...Boeing Crashes: $43 Billion in Share Buybacks Turn into Existential Threat
Yves here. When we made grim prognostications about Boeing’s future, we were treated as nuts. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street Boeing’s shares [BA] came unglued, plunging 18.1% today, after having already plunged over the past four weeks. Since February 12, shares have crashed 46%, and since the peak […]
Read more...Harvard’s “Let Them Eat Veritas”: Richest University’s Poor Students Shafted as School Provides Spotty, Inadequate Help as It Throws Them Out of Dorms and Jobs
Harvard’s appalling response to coronavirus has thrown many low income student under the bus.
Read more...Who’s Responsible? How the “Independent Contractor” Dodge Guts Employment Protections
On establishing legal responsibility for employment in the fissured workplace.
Read more...Links 3/11/2020
Coronavirus: Three Vignettes
Three coronavirus snippets from around the world.
Read more...MMT is a Political Problem: Part 1
How should MMT proponents advance their views?
Read more...Coronavirus Reveals the Cracks in Globalization
Coronavirus risks a series of shortages that can be mitigated only by bringing some production back home.
Read more...Malnourished Insects: Higher CO2 Levels Make Plants Less Nutritious
How insects show the effects of nutrient dilution.
Read more...As Youth Suicides Climb, Anguished Parents Begin To Speak Out
It’s not just that suicides are rising among teens but that many well-adjusted-seeming kids are killing themselves.
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