Trump Looks To Nationalize 5G
Wellie, if the government owns the 5G network, you won’t have any doubt as to who has access to what you did over it.
Read more...Author Archives: Yves Smith
Hubert Horan: Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable
Lyft’s prospectus doesn’t even pretend that the company might become profitable, let alone justify a $20-25 billion valuation.
Read more...CalPERS CEO Marcie Frost Gives Contradictory, Nonsensical Justifications for Muscling the Board to Approve Private Equity Scheme in March
Frost’s justifications for CalPERS new private equity scheme becomes more incoherent as time goes on, but that is unlikely to prevent the captured board from giving it a green light.
Read more...Do Real Estate Markets Make Our Cities Less Livable?
Author Samuel Stein talks about how capitalism shapes cities.
Read more...CalPERS Surveys Employee Toilet Paper Preferences as Underfunding Worsens
CalPERS manages to outdo itself in dubious managerial practices.
Read more...Have We Already Passed World Peak Oil and World Peak Coal?
Gail Tverberg extends her peak oil analysis to coal and finds a similar pattern.
Read more...The Debate Over Tactics In the Modern Left: Radical Opposition or Strategic Inclusive Engagement?
Revisiting a classic debate over the tactics for achieving political/societal change.
Read more...China Syndrome Redux: New Results on Global Labour Reallocation
What did China gain when the US lost manufacturing jobs?
Read more...Links 3/1/19
Bezos Admits His Fortune Is Due to Public Infrastructure….Even as He Fought Paying a Homeless Tax in Seattle, Shakes Down Cities for Subsidies
Bezos admits he and other squillionaires didn’t do the “heavy lifting” of building the infrastructure on which tech enterprises depend….yet tries to depict a space venture as a greenfield project. Help me.
Read more...The Rapid Victory of the West Virginia Teacher Strike Shows What Happens When Progressives Join the Fight Against School Privatization
What lessons can we draw from the success of the latest West Virginia teachers’ strike?
Read more...Deregulating Banks Fueled Speculation, Not Productive Investment
More proof that letting banks have their way is not such a good idea…at least for non-financiers.
Read more...Developing Industry Standards Won’t Give AI a Conscience
Marc Böhlen is part of the team developing universal benchmarks for ethical artificial intelligence (AI). He tells us why they won’t work.
Read more...Cancer’s Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
Yves here. I am sure readers have many stories of their own from personal or family experience about how the health insurance industry shamefully goes into denial and delay mode with cancer patients. I know of all of one person who didn’t have a horrible time, but even then, as a widowed middle aged woman […]
Read more...Inequality Indicator: Retirement Homes in Secondary Tourist Area (Door County) Bid Way Up
Yves here. Those of you who know and love Door County (a peninsula in Wisconsin with Lake Michigan on one side and Green Bay on the other) may be offended at it being called a “secondary” tourist area. But it almost entirely a regional holiday destination, laid back, outdoorsy, with lots of hiking and biking […]
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