Author Archives: Yves Smith

Nick Turse: The Special Ops Fallacy – Throwing Elite Resources at “Winless Wars”

The US is enamored with special ops as a magic bullet in America’s many “interventions”. There’s a big gap between enthusiasm and results.

Catch Us on Harry Shearer’s Le Show Today!

We appear on Harry Shearer’s Le Show, discussing private equity and CalPERS. Be sure to tune in!

Links 6/24/17

Wolf Richter: Two Italian Zombie Banks Toppled Friday Night

It’s getting harder to ignore the stench coming from the Italian banking system.

Uber Spinning Out of Control: Employees Eyeing Exits as Press (Finally) Starts to Question Business Model

More on the upheaval at Uber.

Confirming Dallas Meetup Location Next Tuesday June 27

Announcing the location of our meetup in Dallas next week.

Can EU Actors Keep Using Common Law After Brexit?

The widespread use of English law in financial contracts poses yet another set of tricky post-Brexit issues.

Matt Bruenig: How Many People Will Obamacare and AHCA Kill?

Subjecting Obamacare to the same measuring stick that the Center for American Progress applied to the ACHA.

Some People “Would Rather Have 1st Class Seats on the Titanic Than Change the Course of the Ship”

Why it is necessary to depose Democratic party leaders like Pelosi and Schumer to have any chance of winning class and climate change wars.

The Wheels Come Off Uber

Uber is over. But since many have money and reputations at stake, and Uber has cash to burn, it will take a while for that to be undeniable.

It’s Not (Just) the Working Class. It’s the Service Class

Why the way for Democrats to regain political power is to target the service class…assuming they can bring themselves to do that.

Americans Tolerate Inequality Because They Over-Estimate Their Odds of Coming Out on Top

How Americans’ optimism leads to self-delusion on their odds of success, and therefore to not supporting policies in their real interest.

Yoo Hoo, Dallas Meetup Next Tuesday, June 27: Venue Ideas Needed!

Looking for reader recommendations for where to meet next week in Dallas.