Author Archives: Yves Smith

Italy Holds A Mirror to a Broken Europe

The election of a right-wing, populist government in Italy exposes the economic and democratic shortcomings of the European project and its nationalist rivals.

Leaked Memo by Larry Sonsini Shows Sonsini and CalPERS Violating Fiduciary Duty With Proposed Private Equity Outsourcing Scheme

A leaked memo written for CalPERS by Silicon Valley attorney Larry Sonsisi not only reflects poorly on him and CalPERS, but also validates concerns about corruption.

Links 6/16/18

How Purdue Pharma Hooked America on a Deadly Drug

Purdue Pharma’s slogan for OxyContin was: “The One to Start With and the One to Stay With.” As reader Brian C added, “Stay with alright….’Till death do us part.'”

Gaius Publius: Is Anti-War Fever Building in the U.S.?

Will the American public make politicians address the cost, immorality, and futility of our war machine?

Cryptocurrencies Are Lousy Investments

A skeptical look at the prospects for cryptocurrencies.

Links 6/15/18

Why Are There So Many Unsheltered Homeless People in California?

Try guessing why San Francisco has encampments of homeless people….

Wolf Richter: Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning

Normally risky credits like junk bonds are the first to react when the Fed starts tightening. But we are not in normal times.

Links 6/14/18

Paul Jay on Trump’s Iran War Agenda and Liberals’ Korea Peace Panic

The Real News Network’s Paul Jay contends that Trump and his team are focused on Iran as they carry out the Project for a New American Century plan.

Backstabbing Over Cows

The trouble with cows….