Wolf Richter: This is When Bonds Go Kaboom!
It’s getting tougher out there for our QE and ZIRP-coddled corporate junk-bond heroes.
Read more...Author Archives: Yves Smith
1.5 Million American Families Live on $2 a Day — How the Poorest Get By
An interview with authors of a new book investigating the condition of the poorest in America.
Read more...Debacle, Inc.: How Henry Kissinger Helped Create Our ‘Proliferated’ World
If all Henry Kissinger contributed to the Middle East were a regional arms race, petrodollar addiction, Iranian radicalization, and the Tehran-Riyadh conflict, it would be bad enough. His legacy, however, is far worse than that: he has to answer for his role in the rise of political Islam.
Read more...Links 9/27/15
A Progressive Pope or Greenwashing the Vatican?
Chris Hedges discusses whether the rhetoric coming from Pope Francis helps progressive forces in the world.
Read more...Ilargi: Europe’s Refugees Are a Global Crisis
European leaders are still in denial about the seriousness of the refugee crisis and are focused on what amount to stopgap measure.
Read more...Links 9/26/15
A Physician Substantially Tied to the Pharmaceutical Industry Nominated to Run the FDA
Yves here. As Roy Poses stresses, the media has underreported on the conflicts of interest at work in this FDA nomination. Be sure to read the very long list of Big Pharma names that have supported Dr. Richard Cardiff’s research and provided grants and speaking fees.
Read more...Tony Benn’s Ten Minute History of Neoliberalism
A must-watch speech by the great British socialist Tony Benn.
Read more...Private Equity Underperformance Denialist, Pension Consulting Alliance, Tells CalSTRS to Fix Performance Problems by Scrapping Benchmark
CalSTRS’ and CalPERS’ consultant, Pension Consulting Alliance, argues for getting rid of benchmarks altogether in a desperate effort to depict investing in private equity as ever and always sound.
Read more...Links 9/25/15
Former California Official Blasts CalPERS CEO Anne Stausboll, Staff, and Board for Misconduct
Former California official Tony Butka He deems Chief Investment Officer, Ted Eliopoulos, the head of private equity, Réal Desorchers, and private equity professional Christine Gogan to have been so dishonest with the board that they all have should have received a notice of intent to discharge.
Read more...Imperial Overreach: U.S. Special Ops Forces Deployed in 135 Nations
The US has special ops missions in 70% of the countries in the world,, more than at the height of the conflicts in Iraq and Afghanistan.
Read more...Bill Black on the Department of Justice’s Failure to Prosecute Individuals and Promises to Do Better
This is a wide-ranging interview with Bill Black on a subject of the keen desire of the public to see more corporate officials prosecuted for big business misdeeds, and why that never happens these days.
Read more...Gaius Publius: Will Senator Whitehouse Renew His Call for RICO Prosecution of Climate-Denying Companies like Exxon?
Did climate change denialists like Exxon coordinate their activities, as Big Tobacco did to foster doubt about smoking’s role in lung cancer? If so, what would it take for RICO prosecutions to occur?
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