Wolf Richter: Coronavirus Drives Barrage of New Lobbying Activity
Follow the money – Congressional lobbying activity and who wins and who loses from coronavirus relief.
Read more...Category Archives: Banana republic
Who Benefits When the Price of Insulin Soars?
Contrary to pharmaceutical company claims, revenue from high insulin prices are going to shareholders, not R&D
Read more...Oil, Gas, Petrochemical Financial Woes Predate Pandemic — And Will Continue After, Despite Bailouts, Report Finds
Problems with the oil, gas, and petrchemical industries predate the COVID-19 pandemic – and now will be even more difficult to rseolve.
Read more...#DemExit Now: How the Democratic Party Cheated Bernie Sanders Out of the Nomination
How the Dems played dirty with Sanders.
Read more...CalPERS Staff Seeks to Strip Board of Remaining Authority Even as Press Exposes Multi-Billion Cost of Lack of Supervision; Elected Board Members Thumb Nose at Public by Seeking to Be Paid for Doing Almost Nothing
CalPERS staff is up to more dirty tricks. Push back by e-mail in public comments. Bad press already has them on the back foot.
Read more...Taleb Questions CalPERS Ben Meng’s Competence and Honesty in Defending Missed $1 Billion Hedge Gain; Taleb Estimates CalPERS Net Loss on Meng’s “Alternative Mitigation” Over Two Years at $19 Billion
Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.
Read more...Is There Any Better Time Than Now For a General Strike?
May Day is around the corner. It seems a fitting time for workers to demand better via a general strike.
Read more...DemocracyWatch: Global Pandemic Power Grabs
Yet another pandemic downside….
Read more...Lockdown Rebelliousness: Denying that Coronavirus Is in Charge
The supposed irresistable force of the economy is losing out to the immovable object of the coronavirus.
Read more...The Really Really Yucky Airlines Bailout
The airlines are at the trough. It’s not quite as unseemly as the 2008 bank bailouts, but that’s an awfully low bar.
Read more...Fatal Combination: Bailouts and Bank Rescues in Money-Driven Political Systems
A tidy case study into how much money it takes to buy Congressional votes.
Read more...Some Comments on the Sanders Campaign
Thoughts on the Sanders kneecapping.
Read more...The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)
Muni purchases are finally here
Read more...The Coming Battle for the COVID-19 Narrative
Will the disruption of Covid-19 deal a major blow to market ideology?
Read more...How to Pay for the Pandemic War
Government responsese to the pandemic are making a hash of one of the comparatively easy issues.
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