Author Archives: Yves Smith
Brexit-Induced Pillaging of the UK Starts: US Fleecing UK on Must-Have Air Transport Pact
Yet another Brexit shoe is about to drop….this one on the aviation front.
Read more...Elizabeth Warren Slams Democrats for Helping Gut Financial Regulations
The financial services industry is about to get even more unnecessary, risk-feeding breaks, thanks in no small measure to Democrats.
Read more...Killing a Parasite, Part 2 — How to Implement Student Debt Cancellation
How to fix the student problem – now and going forward.
Read more...So Bad the DoJ Woke Up: Saline Bag Makers Look to Have Endangered Patients Via Illegal “Tying” and Price Gouging
Saline bags are a new example of medical industrial complex rent extraction that also put patients at risk.
Read more...Weak States: Causes and Consequences of the Sicilian Mafia
Why it might make sense to pay heed on what the Mafia hath wrought….
Read more...Links 3/3/18
Even McKinsey Gets It: High Wages Improve Economic Performance
McKinsey is turning on neoliberal orthodoxy by advocating high employment, high wage, high demand policies.
Read more...FinTech and Banks
Why FinTech will not be as disruptive as its promoters would have you believe.
Read more...Stock Buybacks Hurt Workers and the Economy. We Should Ban Them.
The Reagan Administration ushered in stock buybacks as legalized manipulation. Time to put it to an end.
Read more...Links 3/2/18
Top NYT Editor: ‘We Are Pro-Capitalism, the Times Is in Favor of Capitalism’
The Times swears its fealty to the 10%, um, capitalism…
Read more...Trump’s Tariff Threat to Kick Off Trade War?
Trump is threatening to kick off a trade slugfest via tariffs on steel and aluminum. Will he follow through?
Read more...MIT Study: Median Uber and Lyft Profits Less Than Half Minimum Wage; 30% of Drivers Lose Money
Yes, it is now official: you really are engaged in exploitation when you use Uber or Lyft.
Read more...With Official Unemployment This Low, Why Are Wages Rising So Slowly?
Why has wage growth been lousy in a supposed recovery? Thank your politicians for fostering the growth of the precariat.
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