Trump Pretends to Like Union Members—But He Really Likes the Fat Cats
An update on what Trump has, or more accurately, has not, done for workers.
Read more...Author Archives: Yves Smith
Families Drowning in Debt to Stay in the Middle Class
Young people with pretty high incomes are sinking under debt.
Read more...CalPERS in Bed With Jeffrey Epstein Client and Co-Investor, Apollo’s Leon Black Even After Apollo Pay-to-Play Scandal Led to Conviction and Jail Term for Former CalPERS CEO
CalPERS is worried about being tainted by its association with Leon Black of Apollo. CalPERS should be a lot more worried about its wallet.
Read more...Why Consumers Aren’t Buying Electric Cars
Press and affluenza enthusiasm for electric vehicles is ahead of mass consumer appetite.
Read more...Climate Equity: What Is It?
Why the AOC-Kamala Harris climate equity scheme fails as climate and economic policy.
Read more...Links 8/1/19
Private Equity: The Perps Behind Destructive Hospital Surprise Billing
How private equity ginned up yet another abuse.
Read more...Signs of Recession Are Hitting Europe—And Its New Central Bank President May Not Be Up for the Challenge
Europe, or more specifically the Eurozone, has a deficient bank regulatory framework which may be tested by economic weakness and wobbly banks. Having Christine Lagarde at the ECB’s helm is not likely to be a plus.
Read more...Carbon Dividends: A Plan for Earth’s Survival that Can Survive U.S. Politics?
Yves here. Carbon dividends are a way to create support for setting a price for carbon. None other than those starry-eyed granola heads at Financial Times called for setting a price for carbon in 2007. Pigovian taxes (ones meant to discourage activity, like transactions taxes) should typically not be seen as revenue generators, since you […]
Read more...Links 7/31/19
Financial Times Goes Wobbly on Brexit No Deal Impact
Is a flabby Financial Times story just a case of a piece not coming together, or is the pink paper pulling its punches on Brexit?
Read more...Restoring the Commons
On how revived commons can work in a modern economy.
Read more...Reclaiming the Commons Through State Ownership? Maybe Not
Transnational state capital can be just as harmful as its private counterparts. Local, democratic and sustainable alternatives offer better protection.
Read more...Links 7/30/19
Brexit: Can Anyone Take the Wheel From Johnson?
Johnson is committing the UK to a no deal Brexit. What could stop him?
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