‘Biggest Oil Find’ of 2016 Puts Crown Jewel Texas Oasis in Crosshairs for Fracking
Texas is about to sacrifice one of its few sources of fresh water, as well as the wildlife in the area, to the oil industry.
Read more...Author Archives: Yves Smith
Ilargi: Unrest Is The Only Growth Industry Left
Get used to unrest as part of the volatile new normal.
Read more...How Colonialism Shaped Modern Inequality
How European colonialism played a major role in the massive economic inequality we see today.
Read more...Links 2/1/17
Hidden Distress Among Well-Off Women in America
Why have lifespans flattened among middle and upper middle class women?
Read more...Scott Pruitt Will Make America Great Again — For Polluters
Among Trump’s cabinet nominees, Scott Pruitt stands out in a bad way. Bill Moyers explains how he has represented energy interests over voters
Read more...Does Saving Cause Lending Cause Investment? (No.)
Some data to debunk a widely-held belief about the relationship between saving and investment.
Read more...CalPERS Tries to Hide Its Dirty Laundry, Threatens Most Effective Board Member: “Quit or Else”
CalPERS has managed to descend to a new low. Its strategy of trying to sweep fundamental problems under the rug has reached the point that the rug is not just lumpy but also starting to move. The latest shocker (and it is shocking) is that the board has launched a plan to strip JJ Jelincic, […]
Read more...Bill Black: CalPERS Seeks to Destroy Its Most Effective Director
Bill Black describes how an attack against a CalPERS trustee violates the board’s and the general counsel’s fiduciary duty.
Read more...Can Uber Ever Deliver? Part Seven: Uber’s “Narrative” and The Vox and Stratechery Critiques of Naked Capitalism’s Uber Series – Defending Uber Requires Ignoring Industry Economics
More discussion of defenses of Uber and how none of them deal with the economics of providing car ride services.
Read more...Demonetisation: India’s Stress Test
Did India’s sudden removal of 86% of hard currency from circulation achieve its aim of fighting corruption? And how much did it hurt growth?
Read more...Bill Black: Why the Republicans Cannot “Replace” Obamacare
Why the Republicans will kill Obamacare or have to live with it in more or less its present form.
Read more...Nomi Prins: Trump Hearts Goldman as the Bank Continues Its Washington Conquest
How Goldman became influential in DC and is likely to influence Trump’s policies.
Read more...Links 1/28/17
How Obama Framed Trump with Faux Mortgage Insurance Rate Decrease
There are many things for progressives to criticize Trump about. The Obama mortgage deduction sleight of hand isn’t one of them.
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