Author Archives: Yves Smith

A World Without Ice

Looking at the impact of the loss of ice in nature.

Michael Hudson: De-Dollarizing the American Financial Empire

Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.

Brexit: Will Boris or Won’t He?

Does Johnson have any Brexit wriggle room?

Hospitals Block ‘Surprise Billing’ Measure In California

Hospitals flex their muscles and the public loses.

Links 7/11/19

It Is Time To Start Forgiving Student Loans – And Here Is What It Will Cost

A far-ranging plan for cleaning up the student loan mess.

Transfer (Mis)pricing, the Jewel in Every Multinational Enterprise’s Crown

Transfer pricing: How developing countries lose $3 billion every day through an accounting trick that allows corporations to avoid paying tax.

PG&E Neglected Maintenance for Years Despite Known Fire Risk; Judge Demands Prompt and Clear Answers to WSJ Expose

A Wall Street Journal expose of PG&E’s willful failure to maintain its transmission lines, directly tied to California’s most lethal fire, led a judge to demand answers.

Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy

The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.

Is Industrial Policy Finally Legitimate?

Awfully late in the game, industrial policy gets the recognition it deserves.

Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund

Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.

Links 7/9/19