Author Archives: Yves Smith

Neoliberalism Booster New York Times Egregiously Misrepresents French Labor Laws

The New York Times’ latest dubious achievement: how many lies it managed to tell in a single story about French labor laws.

Wolf Richter: Worst Restaurant Recession Since 2009 Dings Inflation

Stagnant restaurant sales show consumers are tapped out.

New York Times Claims Bidders Circling Uber….But How Serious Is This, Really?

The Uber soap opera continues, and the New York Times is doing its part by applying lots of porcine maquillage.

CalPERS CIO Ted Eliopoulos Handing Off Most of His Job Duties. So Why Isn’t He Taking a $500,000 Pay Cut?

In a remarkably cheeky move, CalPERS CIO Ted Eliopoulos is fobbing off his main job duties on a subordinate. Will the sleepy board react?

Links 8/12/17

Uber: “Battle to the Death” in Benchmark/Kalanick Power Struggle

The fight over Uber would normally be mistaken for a Punch and Judy show if there weren’t so much money at stake.

How to Break Austerity-Induced Stagnation?

The costs of sticking with obviously failed austerity policies just keep rising.

Uber Descends Into Even More Turmoil With Benchmark Suit v. Kalanick

The war for control of Uber gets uglier…..

Links 8/11/17

Crisis Revisionist History: Redating of Onset to Make Behind the Curve Central Bankers Look Better

It would be nice if people who made pronouncements about the financial crisis knew what they were talking about.

Wolf Richter: Amazon Online Grocery Boom? Not So Fast…

You can take the consumer to the online grocery store, but getting them to buy is another proposition entirely.