Author Archives: Yves Smith

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.

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.

Links 3/26/16

Bill Black: Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically

Why do Democrats act like Republican wannabes with deficit scaremongering? Let us count the reasons: Wall Street, Pete Peterson, hatred of the poor…

Don Quijones: Brexit Meltdown at the Bank of England

The current and former governors of the Bank of England are singing from very different hymnals on the subject of Brexit.

Links 3/25/16

How McKinsey Helped Turn Big Pharma into a Rent Extraction Business

How McKinsey contributed to the devolution of Big Pharma.

Corporate Media Tries to Bury Sanders Alive

This Real News Network segment focuses on the media’s misconstruction, or more accurately, misrepresentation, of what superdelegates mean for the Sanders campaign.

The Hidden Health Costs of the Global Financial Crisis

Why the hidden health cost of the financial crisis will span decades.

Bill Black Speaks to TaxCast About the Political Coalition Against Financial Regulation

This month’s TaxCast features Bill Black on the Whistleblowers United regulatory reform proposals plus why tax amnesties are a bad idea.

Links 3/24/16

Yale Law Journal: “In Defense of ‘Free Houses'”

State court abuse of the principle of res judicata, out of reluctance to give borrowers “free houses,” encourages poor foreclosure practices and causes broader social harm.