Climate Change Alert: Life Is About To Get Much Worse
Updated climate models indicate that temperatures and storms will be getting much worse in the next 10-20 years.
Read more...Author Archives: Yves Smith
Marshall Auerback: Donald Trump Understands the Nexus Between Trade and Immigration
By linking immigration and trade, however crudely, Trump has exposed the broader paradox and inherent contradictions which lurk between the two.
Read more...Links 3/30/16
Brexit: This is What We Call a Muppet Show
An update on the Brexit referendum.
Read more...Campbell Brown: The New Leader of the Propaganda Arm of School Privatization
How a former anchor is helping the billionaire-backed charter lobby misrepresent school privatization as “reform”.
Read more...Thomas Frank: How Democrats Created Liberalism of the Rich
Make no mistake; the Democrats engineered the Third Way faux liberalism that sold out the working classes to benefit the rich and their minions.
Read more...Links 3/29/16
Negative Interest Rates – Are There Any Positives?
The more you look at negative interest rates, the harder it is to find anything to like.
Read more...“The Battle for VA Healthcare and Its Funding”
Despite its problems, the VA outperforms most of the US healthcare system on nearly every metric of quality.
Read more...The US is Beginning to Dominate Global Investment Banking: Implications for Europe
Europe’s banks are in retreat from playing a global investment banking role.
Read more...Oxfam Report on Rent Seeking Among the Top Wealthy Reinforces Neoliberal Shibboleths
A well-meaning effort to analyze rent-seeking goes off the rails.
Read more...Private Equity Kingpins Whine as Stock Market Values Languish
What word best describes how distasteful it is to see obscenely rich men complain that they aren’t as rich as they think they ought to be? The subhead on a new Financial Times story on private equity tell us: “PE believes investors do not grasp their long-term cash flow generation capabilities.” In other words, this […]
Read more...Links 3/27/16
Wolf Richter: World Trade Collapses in Dollars, Languishes in Volume
A rout in world trade that started in June 2014 shows no sign of getting better.
Read more...Millennials Like Socialism — Until They Get Jobs. Or Until a Pollster Tells Them That It Would Mean Tax Increases But Doesn’t Tell Them, for Example, That the Tax Increases Would Replace Healthcare Insurance Premiums and Out-Of-Pocket Medical Expenses. And Doesn’t Tell Them That “More Government Services” Means Something Other Than, Say, Trash Collection Twice a Week Instead of Once a Week.
A poll on attitudes toward socialism as a case study in biased research.
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