Author Archives: Yves Smith
Dan Loeb of Third Point Foresees a Hedge Fund “Killing Field”
Hedge funds are having a major comeuppance. Couldn’t happen to a nicer bunch.
Read more...Star Trek or The Matrix? Varoufakis’s Challenge to Neoliberalism
Varoufakis gave a wide-ranging talk on the considerable conflict between neoliberalism and democracy, and why democratic rule produces better results.
Read more...Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall
Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
Read more...Structural Reforms Are Not the Answer – Expansionary Fiscal Policy Is
Debunking the idea, widely touted by economists, that “structural reforms,” as in crushing labor bargaining power, is the path to prosperity.
Read more...Links 4/27/16
Should Banks Be Worried About Apple Pay?
Will Apple Pay eat retail payment systems?
Read more...How Bill Gates and His Billionaire Allies Used Their Wealth to Launch Charter Schools in Washington State
The Gates charter school push as a case study in the Trojan Horse of “charitable plutocracy”.
Read more...Tom Engelhardt: Donald Trump – Campaigning on America’s Decline
Trump’s campaign is proof of America’s decline….but not in the way you think.
Read more...Gaius Publius: A Look Ahead – Coming to the Philadelphia Crossroad
What happens to the credibility of the Democrats as a party if Sanders makes it past the Philadelphia crossroad?
Read more...Links 4/26/16
Worst Example Yet: Unconscionable Apollo Clause Illustrates Depth of Capture of Private Equity Investors
A spotlight on one of the most rancid “heads we win, tails you lose” features of private equity agreements: sweeping indemnification provisions which no fiduciary should accept.
Read more...Our Bloomberg Story: Don’t Let Private Equity Dupe California
Path-breaking private equity legislation is being weakened by insiders and the public is being shut out completely. Don’t let it happen.
Read more...Mathew D. Rose: Merkel’s Refugee Strategy – A Brown Nose Becomes the Chancellor
Toadying up to dictators and intervening in failed states are major elements of Merkel’s new improved refugee strategy.
Read more...Weak Wall Street Pay Reform Proposals May Have Some Unintended Positive Effects
A long-overdue plan to reform Wall Street pay is seriously flawed but could have a positive effect in spite of itself.
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