America Sits on Its Hands as Covid-19 Cases Rise
More signs of Covid-19 breakdown.
Read more...Category Archives: Banana republic
Can the Aspen Institute’s Elite Economists Beat the Coronavirus Depression?
A careful look at a new set of rescue schemes devised by some Serious Economists. Honestly, even Larry Summers could do better than this.
Read more...Board Member Margaret Brown Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence
Board member Margaret Brown has finally had it with CalPERS’ dirty tricks.
Read more...Who Pays for Stranded Assets? Taxpayers Are Footing The Bill For 100-Year Old Oil Wells
Why shuttering oil wells is a physical, economic, and political mess.
Read more...How America’s Covid-19 Rescues Look Set to Increase Inequality
Why the Covid-19 bailouts are coming at a high social cost.
Read more...The Police Weren’t Created to ‘Protect and Serve.’ They Were Created to ‘Maintain Order.’ A Brief Look at the History of Police in America
America’s police started out as muscle deployed against labor organizers.
Read more...Reviving the Economy, Creating the ‘New Normal’
Covid-19 rescues will reshape the economy, as we see in the US, with fat cats getting fatter. Will other countires make sounder choices?
Read more...Some Thoughts on New York City and the Dim Prospects for American Cities
Major cities are in serious trouble and hte outlook is grim.
Read more...Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
Yanis Varoufakis briefs Assange on the devolution of capitailsm.
Read more...The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Read more...States Sue Drug Companies and Execs for Generic Price-Fixing; Is the Tide Turning on Willingness to Allow Big Pharma a Get Out of Jail Free Card for its Egregious Behavior?
State AGs sue drug companies and their executives for alleged price-fixing. Are we willing to rescind Big Pharma’s Get Out of Jail Free Card?
Read more...Wolf Richter: The Chilling Things Delta Said about the Airline Business, the 90% Collapse in Q2 Revenues, and Why Some Demand Destruction May Be “Permanent”
Delta’s latest SEC filing reiterates the dire situation airlines face as a result of the COVID-19 pandemic.
Read more...There’s a Crisis in U.S. Capitalism
U.S. economic policy now focuses on what is already the worst business cycle downturn since the 1929 crash. As data accumulate, it may well prove to be the worst in global capitalism’s entire history.
Read more...The European Union Still Hasn’t Considered an Economic Proposal That Can Save It
The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.
Read more...New York Makes Use of Chokeholds a Felony Charge
New York makes use of chokehold a felony charge, nearly 6 years after Eric Garner died. Perhaps cops may think twice going forward.
Read more...