How $14 Billion Private Equity Firm Abraaj Went Bust
The remarkable tale of the biggest private equity fund insolvency evah, Abraaj.
Read more...Author Archives: Yves Smith
Richard Murphy: Who Really Pays the Tax on Rents?
Clearing up a widespread misperception about tax.
Read more...Trump Bails On Coal Industry Incentives
Trump is abandoning coal industry subsidies after running into a buzz saw of opposition.
Read more...Announcing the 2018 Double Your Donations Challenge!
Take up this chance to double your donations!
Read more...Sears’ Terminal Slide: Bankruptcy and Likely Liquidation
Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Read more...Why CalPERS Matters
Why CalPERS’ fall from being a sophisticated player and force for reform is an important lesson.
Read more...Brexit: Things Are Always Darkest Before They Go Completely Black
Don’t kid yourself that the current relative calm on the Brexit front is a good thing.
Read more...New Study Highlights Collapse of Insect Populations
Very sobering news on the insect front. Species die-off is progressing faster than you probably thought.
Read more...Gaius Publius: IPCC Releases Climate Report — First Thoughts
The latest IPCC report says we are cooking our collective goose, and hardly anyone seems to react.
Read more...Thanks! Hit Our Third Fundraiser Target Quickly, Onto the Fourth: Guest Bloggers
Our fundraiser is moving along well, but we still need more help. Please dig deep to support our writers!
Read more...Michael Hudson: Naked Capitalism – The Best Daily Paper
Naked Capitalism is the best news source….for independent thinkers.
Read more...Brexit: EU-UK Talks Collapse, Disorderly Exit Virtually Certain
Bad Brexit news just got worse.
Read more...Rethinking AI Through the Politics of 1968
All the initiatives that want to make AI ethical seem to think it’s about adding something i.e. ethics, instead of about revealing the value-laden-ness at every level of computation, right down to the mathematics.
Read more...Hooray! Met Our Second Fundraising Target Pronto, on to the Third: Supporting the Comments Section
On to the next critical goal of our fundraiser: support for maintaining the high quality of the comments section.
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