Brexit Stress Rises: Pound Weakens on S&P Crashout Warning, Norway Nixes “Norway,” Migrant Status at Risk
Brexit news still looks decidedly uncheery.
Read more...Author Archives: Yves Smith
Estimating the Impact of Climate Change Costs on Growth: Is Degrowth Already Here?
Some back of the envelope estimates show that the economic cost of climate change is already cutting into growth in a big way….and it will only get much worse.
Read more...CalPERS Stakeholder Groups Refuse to Run CEO Marcie Frost’s Misrepresentations About Its Reckless, Unjustified Private Equity Scheme
CalPERS CEO Marcie Frost continues to damage her already-tarnished name by flogging a hare-brained private equity “new business model” for which she cannot provide a coherent justification.
Read more...Michael Hudson: Rescuing the Banks Instead of the Economy
Michael Hudson on his themes of how banks are mainly funding real estate rather than the economy and the problem of failing to write down debt that can’t be repaid.
Read more...Marshall Auerback: So Far, the Big Trade War Loser Is China, Not the U.S.
China has more of a glass jaw than most economics commentators thought. But how is Trump’s trade war likely to progress?
Read more...Gaius Publius: Pathology, Khashoggi, Capitalism & Climate Change
Does capitalism breed pathology?
Read more...Michael Olenick: The Real Story of “MAGA Bomber” Cesar Sayoc’s Foreclosure
A key piece of stripper-turned-MAGA bomber Cesar Sayoc’s slide into financial ruin.
Read more...Can Politics Ever Be Compassionate?
Why the time is overdue to have politics give much higher priority to reducing suffering.
Read more...Trump Adds A Global Pricing Plan To Wide Attack On Drug Prices, But Doubts Persist
Is Trump serious about lowering drug prices in the US? And even if he is, how far might his plans get?
Read more...Is Orwell’s Big Brother Here? Bezos & Amazon Team up With Defense, CIA & ICE
How Silicon Valley giants like Amazon and Palantir team up with ICE to hunt down immigrants, pick out the innocent as potential criminals, and build the cloud for Defense Department and CIA.
Read more...Civilized Societies Don’t Call It Censorship, but Copyright
Why the European Copyright Directive would have a disastrous impact on the Internet, and what can be done to stop it.
Read more...Links 10/26/18
US Stops Trade Talks With China: Posturing or Impasse?
The US and China are even more visibly at odds than usual.
Read more...A Follow-Up on the Reasons for Prime Age Labor Force Non-Participation
Some surprising findings on why labor force participation of prime age men is flagging.
Read more...Richard Murphy: Fisking the NAO’s Report on the UK’s Border Preparedness for Brexit
Yet another hard/crashout Brexit train wreck: implementing adequate border controls.
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