Michael Hudson: 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?
Michael Hudson discusses the economic impact of not writing down debts in the wake of the crisis.
Read more...Author Archives: Yves Smith
Here’s Why Setting a Maximum Wage for CEOs Would be Good for Everyone
CEO pay needs to be curbed, and a maximum wage is one way to do it.
Read more...How Climate Change Is Increasing Global Hunger
New bad facts on world hunger.
Read more...Los Angeles Times’ Mike Hiltzik Says CalPERS Needs to Come Clean About CEO Frost’s Educational Claims
Pulitzer Prize winner Mike Hiltzik makes clear he is not buying the stories CalPERS has been selling about CEO Marcie Frost’s resume misrepresentations.
Read more...Senators Unveil Legislation To Protect Patients Against Surprise Medical Bills
Medical bills are so out of hand that despite the power of the health industry lobbyists, some Senators are taking on the worst abuses.
Read more...Links 9/19/18
Marcie Frost‘s Poor Job as CalPERS CEO – “The Place is Being Run Like a High School, Not a Business,” IT and Operational Failings
More on Frost’s misrule at CalPERS.
Read more...Beating the Tax Gap
The UK focuses on the tax gap, how much tax it ought to be collecting versus what it gets. Why isn’t this a concern in the US?
Read more...Florence is the Worst Flood in East Coast History. Here’s How Locals Describe It.
Eyewitness accounts of Florence and its aftermath.
Read more...Chevron Arbitration Ruling Against Ecuador ‘Completely Off Base’
A secret corporate arbitration panel in the Hague ruled that Ecuadorean courts’ $9.5 billion judgement against Chevron for environmental damages is illegal and should not be enforced. An expert argues that the decision is a travesty.
Read more...Links 9/18/18
Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment
Why you should take conventional wisdom about the Lehman collapse and the crisis with a fistful of salt.
Read more...J.D. Alt: Paying for Hurricanes
A reminder that the budgetary “paying for things” framing is a way to deny resources to citizens.
Read more...Gaius Publius: Brett Kavanaugh’s #MeToo Moment — Questions Raised As His Accuser Comes Forward
The Kavanaugh row gets messier.
Read more...CalPERS’ PR Strategy on CEO Marcie Frost’s Resume Lies Backfiring
How CalPERS CEO Marcie Frost’s media mavens are only digging a deeper hole in the scandal over her misrepresentations before and after her hiring.
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