Author Archives: Yves Smith

Wolf Richter: Beyond the Hysteria About Auto Tariffmageddon

After decades of relentless offshoring, the equation may change for auto and component makers.

Links 6/28/18

New York Times: Virtuous McKinsey Defiled by Dark Continent

McKinsey is unhappy that the New York Times did a serious investigative story on a major scandal in South Africa….when the Times pulled some of its punches.

Richard Murphy: The Debate on the Proper Role of the Bank of England, Continued

A discussion about the Bank of England raises questions about the role of central banks generally.

Tesla And GM Close To Capping Out On Electric Vehicle Tax Incentives

Tesla and GM are nearing the end of a subsidy road.

Koch Money and the Unflappable Economist

Mirowski on the Koch brothers scandal at George Mason University.

Links 6/27/18

May’s New Brexit Trade Scheme Dead Before Arrival

Spain tells Theresa May to quit wasting her time on trying to sell the EU27 on a special Brexit trade scheme.

Earthquake in the Bronx: Ocasio-Cortez Beat 10 Term Establishment Dem Crowley in Primary

Challenger Ocasio-Cortez delivers a major upset in turfing out a Democratic party fixture, Joe Crowley.

Links 6/26/18

Brexit: Chaos Visible

As businesses finally start telling the press they are worried about Brexit, the press is still not coming to grips with key issues.

Some Public Pension Funds Give KKR a Wet Noodle Lashing Over Toys ‘R’ Us Collapse

Not surprisingly, action in the wake of private equity investors Bain, KKR and Vornado stiffing Toys ‘R’ Us workers of their severance have generated more press than restitution. But some of the ideas bruited about would have real teeth.