Category Archives: Doomsday scenarios

Yanis Varoufakis: Interview with Léa El Azzi on Capitalism After the Pandemic, Europe, Greece, Lebanon & the IMF

A discussion of the state of capitailsm, with a European/Lebanase slant.

Wall Street Journal’s Apologia for Private Equity Letting Companies Go Bust

The Wall Street Journal unwittingy defends private equity destructiveness.

Waste Watch: Plastic Free July in the Age of COVID-19

As COVID-19 swamps the world, other problems remain. Commit to a plastic free July and mitigate the world’s plastic problem.

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.

Pandemic-Emptied Hotels Could Become Affordable Housing, City Officials Suggest

Potentially thousands of vacant hotel rooms in New York City alone are ripe for conversion into permanent residences, deputy mayor, housing groups and hotel owners agree.

Newspaper Woes Intensify in Covid-19 Era: Widespread Job and Pay Cuts as Ad Revenues Fall

While you were busy worrying about coronavirus, the newspaper business took another body blow.

‘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.

Saharan Dust Storm Expected To Cause Dangerous Air Pollution in U.S. This Week

Jeff Masters tellls you everything you want to know about a dust strorm set to drift over the US

Massive Credit Losses to Hit European Banks in Q2 and into 2021, Particularly When Debt Moratoriums Are Lifted

Keeping tabs on the wobbly state of EU banks.

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.

Grim Prospects for New York City as Few Office Workers Return Post Lockdown; How Hard Will Other US Cities Be Hit?

An update on getting back to normal (not) in New York City.

What Do Struggling Small Businesses Need Most? Time – and Bankruptcy Can Provide It

Can a leisurely bankruptcy process help small businesses?

Let’s Make Sure We Get the Green New Deal Right

vid-19 throws a wrench in many of the assumptions underlying existing Green New Deal proposals.

How America’s Covid-19 Rescues Look Set to Increase Inequality

Why the Covid-19 bailouts are coming at a high social cost.

Italy Once Again on the Eurozone Worry List

A new tsunami of bad debts washes ashore in Italy while banks are still struggling with the debris from the prior deluge of bad debts.