Banks Again Hoist on Their Cost-Cutting Petard: Burgeoning Credit Card Fraud
Credit card companies are paying for their stinginess via being exposed to rapidly rising levels of fraud.
Read more...Author Archives: Yves Smith
As Flood Risks Rise Across the US, It’s Time to Recognize the Limits of Levees
How levees become counterproductive as flood severity increases.
Read more...Links 7/17/19
CalPERS’ Long-Term Care Policy Train Wreck – Is Bankruptcy the End Game?
CalPERS’ long-term care policy mess is even worse than industry norms, which is saying quite a lot.
Read more...The Numbers Are In, and Trump’s Tax Cuts Are a Bust
Why Trump’s tax “reforms” didn’t deliver on growth, just on rentierism.
Read more...The ‘New Right’ Is Not a Reaction to Neoliberalism, but Its Offspring
Why the success of the far right shows that neoliberalism is very much alive and well.
Read more...Links 7/16/19
Taxes for Revenue Are Obsolete
In a 1946 classic, New York Fed chairman Beardsley Ruml explains why taxes aren’t necessary for Federal spending and argues against corporate income taxes.
Read more...The Big Blue Gap in the Green New Deal
Filling in the missing chapter on oceans for the Green New Deal,
Read more...Why Social Mobility Is a Lousy Idea
Recognizing social mobility as yet another “divide and conquer” strategy.
Read more...CalPERS Sleaze Watch: Showcases Criminal Ex-General “Betray-Us” as Keynote Speaker at Offsite
CalPERS demonstrates its lack of interest in ethics and propriety.
Read more...CalPERS’ Hedge Fund With 34% Stake in National Enquirer Parent Alleged To Be “Parking” Rather Than Selling (Updated)
Some funny-looking business with CalPERS desire to be rid of National Enquirer’s parent, American Media.
Read more...737 Max May Stay Grounded into 2020; Why Does Boeing CEO Muilenburg Still Have a Job?
Boeing remains mired in its 737 Max mess.
Read more...Links 7/13/19
Is There a Global Future for Unions?
A personal retrospective on the forces driving the rise and decline (and hopeful revival) of unions.
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