Author Archives: Yves Smith

Links 2/26/19

Why Did Trump Choose to Be Such an Unpopular President?

Trying to make sense of Trump policies.

Wall Street Journal Story Confirms That CalPERS Plans to Overpay Grossly in Its New Private Equity Scheme

More proof (as if you needed it) that CalPERS is clueless.

Brexit Linkfest Special 2/26/19

Is May about to make a big Brexit U-turn or just fake one to hold a Cabinet revolt in abeyance?

How Much Will It Cost to Address Climate Change? Pennies Compared to the Alternative

Not surprisingly, climate change, if not checked, will have catastrophic economic effects.

Brexit: May’s Endgame

Theresa May presses on with her Brexit game of chicken.

Warren Buffett Denounces Deficit Hawkery in His Latest Shareholder Letter

Warren Buffett hasn’t yet become an MMT advocate, but he’s officially decided that worrying about Federal deficits is besides the point.

Links 2/23/19

Taxcast: The #LuxLeaks Tax Deals – Still No investigation? Plus Amazon’s $0 Federal Tax Payment

This month’s Taxcast focuses on why the LuxLeaks deals are getting a free pass, the financialization of aid, and Amazon’s tax machinations.

Why a Focus on “Fake News” and Facebook Misses the Internet’s Real Problems – and Solutions

MP’s new ‘fake news’ report largely ignores other platforms like Google and YouTube, and surveillance capitalism itself – and risks sending regulation in the wrong direction.

Links 2/22/19

Los Angeles Times Barks Up the Wrong Tree With CalPERS/American Media Inc. (National Enquirer) Story

The Los Angeles Times tells the story of a CalPERS investment misfire to maximize the outrage factor, and does taxpayers a huge disservice by missing who the real perps were (mind you, not to say that CalPERS isn’t too easy a mark….)