The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy
Why using credit as an economic remedy evenutally does more harm than good.
Read more...Category Archives: Banana republic
Beneath the Bluster, Boris Johnson’s ‘New Deal’ Offers Nothing New
Boris Johnson’s effort at a New Deal Big Lie goes splat.
Read more...Do Cry for Those in Arizona: What Happens When Politicians Disregard Health Care and Public Health Professionals During a Pandemic
How Arizona epitomizes the backwards approach the US has taken to its health care crisis.
Read more...WSJ Says Banks Can’t Determine Who Is Credit-Worthy: More COVID-19 Fallout
WSJ says banks can no longer determine who is credit-worthy using existing models – more COVID-19 fallout, this of uncertain magnitude.
Read more...Wall Street Journal’s Apologia for Private Equity Letting Companies Go Bust
The Wall Street Journal unwittingy defends private equity destructiveness.
Read more...Pentagon Porks Up as Covid-19 Bleeds Economy
Quelle surprise! Pentagon grifting continues apace, even in the face of a full-bore domestic crisis.
Read more...Michael Hudson on Coronavirus and Debt Winners and Losers
Michael Hudson explains why debt cancellation and turning banks into utilities is the only sound response to the cornacrisis.
Read more...The Pandemic Shows the Importance of Funding Early Childcare and Education Infrastructure (Updated)
Why investment in childcare and education provides high returns yet has been largely ignored in Covid-19 responses.
Read more...SEC Issues Devastating Risk Alert on Private Equity Abuses; Effectively Admits Failure of Last 5+ Years of Enforcement
The SEC’s Office of Compliance Inspections and Examinations says private equity conduct is really really bad.
Read more...The Best Law Capital Can Buy
A review of the important new book “The Code of Capital: How the law creates wealth and inequality.”
Read more...Bayer Agrees to $10.9 Billion Glyphosate Settlement
Bayer agrees to $10.9 billion glyphosate settlement, resolving much pending US litigation. The company still faces European woes.
Read more...‘Downright Dangerous’: Trump Moves to End Federal Support for Testing Sites as US Sees Record Daily Spike in Covid-19 Infections
Trump administration moves to curtail COVID testing – on theory that if there’s no test showing the tree fell in the forest, it did not fall.
Read more...LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight
Mike Hiltzik gives the CalPERS board yet another well-warranted dressing down.
Read more...Minnesota, Ellison Announces Climate Lawsuit Against Exxon, Koch, and API
Minnesota launches a bold climate lawsuit. What are its odds of prevailing?
Read more...America Sits on Its Hands as Covid-19 Cases Rise
More signs of Covid-19 breakdown.
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