“There Ought to be a Law….” Why Prison is the American Way
How overreaching and poorly conceived laws produce difficult-to-justify prison sentences.
Read more...Author Archives: Yves Smith
Links 9/25/16
Matthew Cunningham-Cook: A Disgusting, Child-Murdering Vote – On The $1.15 billion Saudi Arms Sale
The US continues to fund a senseless Saudi campaign of starvation against the Yemeni people
Read more...Class Action Lawsuit Against Wells Fargo Seeking $2.6 Billion for Wrongful Terminations Unlikely to Go Very Far
A case arguing that Wells Fargo fired and demoted employees who didn’t commit fraud to meet sales targets, does not deliver the goods.
Read more...Be Sure to Join Lambert’s Presidential Debate LiveBlog/Open Thread Tomorrow at 9 PM EDT
Please come to NC tomorrow night for our real-time presidential debate coverage!
Read more...Links 9/24/16
Berlin Election Outcome Signals Merkel’s Tenuous Grip on Chancellorship
Yves here. We’ve been saying for some time that Merkel’s hold on power was weakening. As this Real News Network video shows, the recent election results confirm this slippage. Notice that this interview fails to mention that the huge influx of refugees into Europe is the direct result of the US creating failed states in […]
Read more...Popular Acceptance of Inequality Due to Brute Luck
People don’t mind inequality due to “brute luck”…but is one man’s brute luck another man’s rigged system?
Read more...Report: New Data Disproves US Corporations’ False Narrative on Taxes
A new study on corporate tax havens shows how multinational corporations avoiding U.S. taxes represents a transfer to them from workers.
Read more...Income Inequality in a Globalising World
Absolute inequality around the world has increased, challenging the purported benefit of globalization.
Read more...Backlash Against Trade Deals: The End of U.S.-Led Economic Globalisation?
Why the backlash against the overreach of US trade deals, as embodied by the TPP and TTIP, is well warranted.
Read more...Links 9/22/16
The Private Debt Crisis
Why private debt is so dangerous, and why that risk looms large, particularly in China.
Read more...The Rise and Rise of the Bubble Managers
It’s becoming even more obvious that Fed policy is focused on keeping the bubble inflated over real economy concerns.
Read more...Wells Fargo Fake Accounts Hidden by Fake Whistleblowing: Former Employees, Including HR Officials, Allege Systematic Retaliation
As short seller David Einhorn says, “No matter how bad you think it is, it’s worse.” That’s proving true at Wells Fargo as former employees allege systematic whistleblower retaliation.
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