Author Archives: Yves Smith
Yellow Fever in France
Almost everyone agrees on the analysis of what caused the yellow jacket movement: the growth of inequalities, the marginalization of certain regions and social categories, austerity and neoliberal politics. Then accounts diverge.
Read more...Wolf Richter: “Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks
Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.
Read more...Brexit: Tories Launch No Confidence Vote Against May
May looks to be hoist on her Brexit petard.
Read more...Bill Black: Douthat’s Mendacious Meritocracy Myth
Debunking the notion of meritocracy.
Read more...Links 12/11/18
Brexit: All About May
Why May oddly matters even more than before.
Read more...France’s Macron Makes Concessions While ‘Yellow Vest’ Protests Continue
Some background on the demands the gilets jaunes are presenting to French president Macron.
Read more...The Reality Is Everything Must Change
Why we need the biggest change program in history and must deploy state-created money to mobilize resources.
Read more...Brexit: May’s Handbag
Big Brexit events of the week are underway, starting with the ECJ ruling on unilateral reversal of an Article 50 notice.
Read more...Fight for Federal Right to Education Takes a New Turn
Can a series of lawsuits with new legal arguments persuade the Supreme Court to reverse a long-standing decision against a federal right to education?
Read more...Links 12/8/18
Is the Internet to Blame for the Rise of Authoritarianism?
Three perspectives on whether the internet is damaging democracy.
Read more...Bill Black: Who Said This? A Bank Fraud Quiz
Testing your knowledge of which top Federal officials have been tough and lax on bank fraud.
Read more...The Inconvenient Truth about Climate Change and the Economy
The new IPCC Report is overly optimistic about global productivity growth and fossil fuel energy use. More dramatic, immediate action on climate change is needed
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