The Explicable Mystery of the National Debt
Why US Treasury bond issuance and Federal deficits are functionally not debt at all.
Read more...Author Archives: Yves Smith
Los Angeles Times Slams CalPERS for Vetting Failures That Led to Exit of CFO Asubonten for Resume Misrepresentations, Doubts Whether CEO Marcie Frost Has Made Needed Changes
Mike Hiltzik of the Los Angeles Times weighs in on the fiasco of CalPERS’ hiring of Charles Asubonten.
Read more...What Hope for the Millennial Generation in Politics?
How do millennial voters differ from those of other age cohorts?
Read more...Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.
Read more...Misperceptions About Immigration and Support for Redistribution
A large scale survey in six countries found that respondents typically had inaccurate ideas about the level of immigration, but thinking about migrants made them less supportive of redistribution policies.
Read more...New York Evicts Internet Provider For High-Speed Failure
A rare case of a US regulator getting tough with an Internet miscreant, in this case, Spectrum.
Read more...CalPERS Former CFO Charles Asubonten’s Appeal of Termination Confirms Due Diligence Failure by CalPERS; Will Board Hold CEO Marcie Frost and General Counsel Matt Jacobs Accountable?
The final chapter in CalPERS’ sorry Asubonten affair.
Read more...Missed Visits, Uncontrolled Pain And Fraud: Report Says Hospices Lacks Oversight
Hospices, which were intended to offer a dignified and humane alternative to costly and often painful and distressing end of life “interventions,” sadly often offer substandard care.
Read more...Debunking the Putin Panic with Stephen F. Cohen
Professor Stephen F. Cohen stresses that while there is much to criticize Putin for, many US political and media claims about him are false and reckless,
Read more...More Brexit Grim Tidings: WTO Warns Ireland to Prepare for Crash-Out; Deutsche Moves Half of Euro Clearing Ops to Germany; Food Freakout
More on how the Brexit situation is developing not necessarily to the UK’s advantage.
Read more...Bill Maher Leads Attack on Larry Wilkerson over Trump Meeting with Putin
Larry Wilkerson is roughed up by Bill Maher for the crime of saying taking steps to avert nuclear war with Russia is a good idea.
Read more...Google Android: European ‘Techlash’ or Milestone in Antitrust Enforcement?
A discussion of the legal and economic issues at play in the EU Competition Commission’s antitrust ruling against Google for abuse of its dominant position with Android phones.
Read more...Can the Migration Plan of Spain’s PSOE Reverse the Fortunes of Europe’s Social Democrats?
Why he future of the EU social democratic parties very likely depends on how the PSOE will address the migration issue.
Read more...Links 7/27/18
Michel Barnier Nixes Theresa May’s Customs Union Scheme as Bad Brexit Dynamics Worsen
More Brexit Groundhog Day as the EU is compelled to say the same old “nos” to the UK.
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