Author Archives: Yves Smith
Hoisted From Comments: Neoliberalism Tearing Societies Apart
The true destructiveness of neoliberalism is becoming more and more apparent.
Read more...The SEC Fines a Private Equity Firm for Broker-Dealer Fee Violations. Are KKR, Apollo, Blackstone, TPG, Carlyle and Lots of Others on Its Hit List?
The SEC finally fined a private equity firm for broker-dealer abuses. Is this just a shot across the bow or will bigger firms pony up too?
Read more...EU’s Politically Biased Tax Haven Blacklist Excludes US and Switzerland
Only small fry get whacked for being tax havens. The big boys get their waivers.
Read more...Hoisted from E-Mail: “New York Times Article Promotes Price-Fixing in the Drug Market”
A well-argued reader rant on an article arguing that drug makers need higher prices to preserve their profits.
Read more...Links 6/1/16
Gaius Publius: Bernstein – The White House Is Terrified the Clinton Campaign “Is in Freefall”
The Clinton decay path is accelerating.
Read more...Andrew Bacevich: The US in the Middle East – “There Is No Strategy”
At best, the US is waging a war of attrition in the Middle East. And we ignore the fact that people in that part of the world hold grudges for centuries.
Read more...CalPERS Uses Unqualified “Expert” to Validate Its London-Whale-Style Deficient Risk Management
CalPERS tells its board that the very same lax risk management oversight structure that led to the London Whale fiasco is “best practice” when it clearly isn’t.
Read more...Links 5/31/16
Refinancing is Dead: A Generation of Hard Times Will Continue Until Secular Real Wages Improve
Real gains by average Americans won’t come financing gimmicks but from real growth in wages. And no one in authority seems willing to provide them.
Read more...Is America Committing Slow-Motion Suicide? A Look at the Decline of CUNY
The decline of CUNY as evidence that the superrich are killing the rest of us through a slow process of attrition
Read more...Oil Speculators No Longer Confident In Price Crash
Even though the near-term fundamentals for oil are not promising, speculators are cutting bets that the bottom will fall out (again).
Read more...MH17 Coroner Michael Barnes, Australian Lawyers in Head-On Crash With the Rules of Evidence
A MH17 case in Australia violates ECHR rules and has a New South Wales coroner suppressing evidence and Sky News doctoring stories post publication.
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