Trump Picks Ex-Goldman Banker, Steve Mnuchin, Known as ‘King of Foreclosures’ to Head Treasury
Why you should be worried about the prospect of Steve Mnuchin as Treasury Secretary.
Read more...Author Archives: Yves Smith
Can Uber Ever Deliver? Part Two: Understanding Uber’s Uncompetitive Costs
Why Uber is the taxi industry’s high cost producer and cannot grow into profitability.
Read more...India: Demonetization and its Discontents
Why have India’s citizens not reacted more forcefully to the huge disruption created by a misguided demonetization program?
Read more...Catch Us Discussing the New McCarthyism with Josh Scheer of KPFA/TruthDig Today, Dec.1 at Noon PST
We’ll speak with Josh Scheer about the how the Washington Post’s smear against 199 independent news sites is more serious than it might seem.
Read more...Why Has CalPERS Given Chief Investment Officer Ted Eliopoulos a $135,000 Gift Via a Bonus That Violates His Bonus Formula?
CalPERS flagrantly violated its procedures by granting its CIO, Ted Eliopoulos, a bonus greatly in excess of the level allowed.
Read more...Links 11/30/16
Can Uber Ever Deliver? Part One – Understanding Uber’s Bleak Operating Economics
Uber’s financials statements and economics shows a complete lack of progress towards profit and no reason to expect significant improvement.
Read more...Trump Starts Revealing His True Colors: Government by Plutocrats, For Plutocrats
The outlines of how Trump will govern are emerging from the fog, as revealed by his Cabinet picks. As expected, there is a lot not to like.
Read more...We’re Under Attack
The Washington Post validated a McCarthyite effort to blacklist 200 sites, threatening independent media and Naked Capitalism specifically.
Read more...Trump Loves to Win, But American Generals Have Forgotten How
Trump recognizes that the senior U.S. military leadership doesn’t know how to win. But can he do anything about it?
Read more...Links 11/29/16
How the Global Left Destroyed Itself (or, All Sex Is Not Rape)
Why the politics of sex in particular, and identity politics in general, have undermined the left.
Read more...Wall Street Journal Puts Foot in Mouth and Chews Via False Claim That Tax Law Change Would Lead US Companies To Move Cash to US
Yet again, we ebunk the myth that tax gaming leads US companies to hoard cash overseas. Tax accounting has nada to do with where money sits.
Read more...Trump’s Existential Threat: Climate Change
Trump will encounter opposition from the military if he persists with climate change denialism.
Read more...Bill Black: Howard Dean Wants to Continue Austerity’s Assault on the Working Class
Why Democrats like Howard Dean believe in and sell austerity snake oil.
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