Student Loan Defaults Approach 5 Million….Using a Very Permissive Definition of “Default”
The latest sighting on the student loan front is not pretty, and would be even uglier if the right metrics were used.
Read more...Author Archives: Yves Smith
Three Surprises on Climate Change from Economist Michael Grubb
A tiny bit of good, or perhaps more accurately, less bad news on the climate change front.
Read more...Reform Candidate for CalPERS Board, Margaret Brown, Beats Incumbent Handily; Staff and Board Apparently Shell-Shocked
As the Sacramento Bee reported, In an upset, a CalPERS critic wins a seat on the pension board: Margaret Brown, a Southern California school district administrator, unseated incumbent Michael Bilbrey in a runoff election to win a seat on the California Public Employees’ Retirement System Board of Administration. Her victory on Tuesday marks an upset […]
Read more...LEAKED: Head Of FCC Mocks Impending Destruction Of The Internet
Ajit Pai, the head of the FCC, shows his true colors. Not a pretty sight.
Read more...Doug Jones Scores Upset in Alabama Senate Race
Some initial comments on the Doug Jones win in Alabama.
Read more...Sandy Hook Anniversary: Time for Insurance So Gun Owners Bear the True Cost of Gun Ownership
Time to make gun owners pay for the full cost of their hobby.
Read more...Links 12/12/17
Can Uber Ever Deliver? Part Eleven: Annual Uber Losses Now Approaching $5 Billion
Uber’s ever-widening losses confirms Hubert Horan’s thesis that Uber has no credible path to profit absent a radical downsizing.
Read more...Don Quijones: A New Stealth Attack in EU’s “War on Cash”
The definition of cash widens.
Read more...The DSGE Model Quarrel (Again)
Economists duke it out over a new defense of discredited but still widely used DSGE models.
Read more...David Davis Points Out Brexit “Breakthrough” Isn’t Binding as Draft European Council Statement Tightens the Screws
More discussion of the overhyped Brexit “breakthrough” of last Friday.
Read more...How Hayek’s Evolutionary Theory Disproves His Politics
How critics of Hayek, like those of Marx, fixate on his politics and ignore his important economic insights.
Read more...Links 12/9/17
Stop Talking Affordable Water and Start Talking Poverty
By David Zetland, who worked on water policy for 10+ years and is an assistant professor of economics at Leiden University College in the Netherlands. Originally published at Aquanomics Circle of Blue published this long, aggravating article of the efforts of activists, water managers and (far too many consultants) to “find a compromise” on the […]
Read more...DNC’s Unity Commission Further Dividing the Party
It should come as no surprise that “unity” in the Democratic Party means purging dissidents.
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