More Backlash from London’s Empty Towers
London exemplifies a global trend: property warehoused by the global wealthy, to the detriment of the people who live there.
Read more...Author Archives: Yves Smith
Gaius Publius: “Networks are Colluding” to Declare Clinton the Overall Winner Before California Polls Close
The smell of corruption, Clinton-style.
Read more...New IMF Paper Challenges Neoliberal Orthodoxy
A new IMF paper takes on some neoliberal sacred cows.
Read more...Links 5/27/16
Wall Street Journal Tallies DoJ and SEC’s Pathetic Record in Tackling Wall Street Crime
The officialdom continues to defend the half-hearted effort by the DoJ and SEC to pursue financial services industry misconduct.
Read more...Scenes From Paris Protests (and an Update from Alison)
A sighting from the protests in Paris over proposed anti-labor regulations.
Read more...Clinton Chasing Votes With Fracking U-Turn
Clinton’s fracking reversal will alienate the energy industry without appeasing environmentalists, since fracking produces methane and earthquakes.
Read more...Philip Mirowski: This is Water, or Is It the Neoliberal Thought Collective?
The history, internal contradictions, and frequent mischaracterization of the nature and operation of neoliberal ideology.
Read more...Links 5/26/16
IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough
The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Read more...Another Day, Another Indication that the Clinton Campaign Remains Dangerously Clueless About What Will Matter Most in the General Election. Ho-hum.
The Clinton campaign keeps harping on identity politics, and ignores some of Trump’s major points of vulnerability. They can’t afford mistakes like that.
Read more...Free Trade in Rhetoric, Not in Practice
The gap between the posturing and practice of free trade.
Read more...Purdue Pharma’s OxyContin: Corporate Fraud With a Body Count
Yves here. Some of the facts in this article are stunning. For instance, more Americans die from opoid overdose than from car accidents. And this article gives only a partial tally of Purdue Pharma’s predatory conduct. The drugmaker targeted overly-busy, not very well trained general practitioners in communities which were likely to have high incidence […]
Read more...Americans Increasingly Angry With Corporate Desertions via Tax Inversions
Tax inversions damage the already low credibility of Corporate America.
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