Hubert Horan takes another hard look at Uber financials and finds much not to like.
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Tuesday, June 24, 2025
Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Investment management, Investment outlook, Pandemic, Politics, Private equity, Ridiculously obvious scams, Uber
Posted by Yves Smith at 6:00 am | 11 Comments »
U.S. And China Locked in an Underwater Cable Tug-of-War
A cable impasse in the South Pacific, due in large part to failings in both US and Chinese legal and enforcement regimes.
Topics: China, Globalization, Guest Post, Legal, Politics, Regulations and regulators, Technology and innovation
Posted by Yves Smith at 5:56 am | 5 Comments »
2:00PM Water Cooler 8/8/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 73 Comments »
America’s Supersized Military: “The Greatest Fighting Force in Human History”
William Astore provides a cold look at the gap between the cost and overly-ambitious aims of the US military versus results.
Topics: China, Doomsday scenarios, Guest Post, Politics, Ridiculously obvious scams, Russia
Posted by Yves Smith at 9:58 am | 82 Comments »
Links 8/8/2023
Topics: Links
Posted by Yves Smith at 6:55 am | 160 Comments »
“Big Four” Banks in Both UK and Australia Escalate Their War of Attrition Against Cash
UK banks are now making it harder for customers to deposit cash in their own accounts, while three of Australia’s Big Four banks are eliminating cash services from many of their branches.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 27 Comments »
Angus Deaton on How Neoliberal Ideology Produced Abject US Falling Life Expectancy for Less Educated
Angus Deaton returns to his deaths of despair theme, with updated data and a pointed critique of the role of Chicago School libertarians.
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Health care, Income disparity, Politics, Regulations and regulators, Social policy, Social values, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:55 am | 42 Comments »
The Movie and the Moment: An Oppenheimer Review Through the Lens of an Anti-War Activist
Some reviewers of the movie Oppenheimer such as Scott Ritter criticize if for effectively whitewashing the horror of nuclear strikes
Topics: Doomsday scenarios, Guest Post, Media watch, Politics, Social values
Posted by Yves Smith at 5:09 am | 38 Comments »
2:00PM Water Cooler 8/7/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 70 Comments »
The NIH Ices a Research Project on “Health Communication”. Is It Self-Censorship?
What sure looks like an NIH study to improve the medical establishment’s propaganda skills had died a well-deserved death.
Topics: Banana republic, Dubious statistics, Free markets and their discontents, Guest Post, Health care, Media watch, Pandemic, Politics, Regulations and regulators
Posted by Yves Smith at 10:27 am | 13 Comments »
Links 8/7/2023
Topics: Links
Posted by Conor Gallagher at 6:55 am | 209 Comments »
The Road That Could Ignite a War in the Caucasus
Armenia and Azerbaijan are on the verge of another war – one that would suck in outside actors like Turkiye, Iran, Israel, India, and of course, Uncle Sam.
Topics: Doomsday scenarios, India, Middle East, Russia, Turkey
Posted by Conor Gallagher at 6:00 am | 26 Comments »
What Can Social Movements Learn From Gramsci in Today’s Uncertain Times?
Gramsci encourages movements to pursue wide-ranging interventions, but always to unite them as part of a common program to transform society.
Topics: Free markets and their discontents, Income disparity, Politics, Social policy, Social values
Posted by Conor Gallagher at 4:00 am | 42 Comments »
Oil, Gas, Wages, Interest Rates: Biden’s Other 2024 Risks
A supposedly good economy has not helped Biden much and trends such as oil prices do not look to be in his favor.
Topics: Economic fundamentals, Energy markets, Federal Reserve, Free markets and their discontents, Income disparity, Middle East, Payment system, Politics, The destruction of the middle class
Posted by Yves Smith at 2:57 am | 41 Comments »
Links 8/6/2023
Topics: Guest Post, Links
Posted by Conor Gallagher at 6:55 am | 235 Comments »