Hubert Horan: The Airline Industry Collapse Part 7 – Domestic U.S. Travel Picks Up but International Demand Remains Crippled
Hurbert Horan explains how major airline operators are still engaging in magical thinking.
Read more...Category Archives: Economic fundamentals
Artificial Intelligence Wants You (and Your Job)
Yves here. Two things about increased automation frost me. One is its stealth or main purpose as forcing planned obsolescence. So irrespective of the impact on job/labor content, any savings won’t necessarily accrue to users. Two is automation/AI serving as an excuse to shift costs and tasks onto consumers. How many times do customer service […]
Read more...Financial Times: “Things Could Fall Apart for Biden”
Even Biden loyalists are getting nervous.
Read more...Reconstructing US-China Relations
Can the US and China be friends, or at least not so hostile? Jeffrey Sachs has some ideas.
Read more...Haiti Ruling Families Create and Kill Monsters
How Haiti is a fiefdom for gangs and foreigners pilfering the country’s natural resources.
Read more...Biden Targets Non-Compete Agreements, Which Restrict the Job Opportunities of Millions of Low-Wage Workers
Biden goes after non-compete agreements….but will this effort make a difference?
Read more...The Conflict Within OPEC Is Far From Over
Another byproduct of inflation generally and rising gas prices in particular is more eyes on OPEC.
Read more...Consumer Inflation Rises…Will It Draw the Fed’s Attention?
Inflation is hitting a few important sectors very hard. The Fed isn’t set up to contend with this problem, but will it try anyhow?
Read more...Bureau of Labor Statistics (Non) Reporting Tallies 8 Strikes in 2020 Versus Payday Report’s >1200
Tiny Payday Report does the Bureau of Labor Statistics to shame in tracking strikes in 2020. What gives?
Read more...Industry Calls the Climate Shots in the Biden Administration
And you believed Biden on climate change?
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Wall Street Journal Fingers Columbia as Leader in Grad Students Whose Student Debt Leaves Them ‘Financially Hobbled for Life’
Columbia stands out in what a bad deal its graduate arts programs are. And President Bollinger is either clueless or indifferent.
Read more...A Quick Comment on China Stomping on Chinese Stock Listings in the US
Another big and costly dustup over Chinese listings in the US. But now Chinese officials signal they want broad-scale change.
Read more...Yanis Varoufakis: Techno-Feudalism Is Taking Over
Varoufakis describes techno-feudalism and speculates on where it is going.
Read more...The UK Is Running a Dangerous Covid Experiment That Represents a Threat to the Rest of the World
The Covid infection rates in the UK, despite higher vaccination rates than America, are a danger in and of itself and a warning to the US.
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