Author Archives: Yves Smith

Twitter Is Blocking My Tweets (Updated: Back to Normal)

I appear to have been banned on Twitter.

Climate Change Needs To Be on the Balance Sheet

Serious people are finally calling for serious climate change accounting.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Two: Profits and Cash Flow Keep Deteriorating as Uber’s GAAP Losses Hit $8.5 Billion

Dissecting how Uber spun its 2019 financial reports. The actual results continue to be ugly, with no path to profit.

Sanders Called JPMorgan’s CEO America’s ‘Biggest Corporate Socialist’ – Here’s Why He Has a Point

As Sanders becomes a formidable 2020 contender, demonizing socialism is back in style.

Rentier Capitalism: Great for Stocks, Lousy for Growth

An oddly neglected paper gives an idea of how much rentier capitalism has distorted the US economy.

More (or Less) Economic Limits of the Blockchain

A discussion of blockchain “proof of stake” protocols.

Links 2/6/2020

Beyond Burnout: Doctors Decry ‘Moral Injury’ From Financial Pressures Of Health Care

Emergency room doctors have it worse than you thought….because patients lose out to corporate practices.

Iraq Is on the Brink of an Energy Crisis

A case study of the struggle for influence in Iraq.

War for Fun and Profit

A look at the US war machine.

Brexit: Fish-y Business

Brexit is getting ugly.

Coronavirus Starting to Hit Auto Industry Supply Chains

A coronavirus worry is starting to manifest.

Libya Is Being Torn Apart by Outsiders

An update on the armed intervenetions in Libya.

Obama Helped Make Cars More Efficient, but Now They Spew Black Carbon

How regulations to tame cars’ emissions created a new problem.