Yves here. The collateral damage of the Texas power grid power failures is getting worse and worse. Extensive burst pipes now mean that 14 million (no typo) are without potable water. From the Wall Street Journal: More than 14 million people in Texas are without safe drinking water, as the fallout of a severe winter […]
Recent Items
Sunday, September 14, 2025
Cold Truth: The Texas Freeze is a Catastrophe of the Free Market
Topics: Banana republic, Doomsday scenarios, Energy markets, Free markets and their discontents, Guest Post, Market inefficiencies, Politics, Regulations and regulators
Posted by Yves Smith at 6:10 am | 150 Comments »
Thomas Frank: YouTube Censorship and Now What’s Happening in Kansas –
Thomas Frank and Paul Jay discuss censorship by tech monopolies and changes in the political landscape of Kansas.
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Media watch, Pandemic, Politics, Social values, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 5:48 am | 48 Comments »
Pandemics Swing Elections, But Not as Much as You Think
A discussion of election outcomes, using the Spanish flu as a case study.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Economic fundamentals, Guest Post, Pandemic, Politics
Posted by Yves Smith at 1:37 am | 5 Comments »
CDC School Reopening Guidance Suppresses Aerosols Based on Thin Evidence and Driven by Budgetary Concerns
Third strike for the CDC?
Topics: Banana republic, Guest Post, Health care, Pandemic, Politics, Science and the scientific method
Posted by Lambert Strether at 7:25 pm | 54 Comments »
2:00PM Water Cooler 2/18/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 109 Comments »
Links 2/18/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 189 Comments »
Chief GameStop Tout and Registered Representative Keith Gill, Target of Class Action Suit, at Congressional Hearings Today
The leader of the GameStop short squeeze, Keith Gill, should have anticipated that he was running legal risks as a securities professional.
Topics: Banana republic, Free markets and their discontents, Hedge funds, Investment management, Legal, Politics, Regulations and regulators
Posted by Yves Smith at 6:35 am | 30 Comments »
Facebook Bans News in Australia to Avoid Paying Charges
Facebook shuts off news and important information in Australia to bullly the government into dropping a bill requiring it to share revenue.
Topics: Australia, Banana republic, Free markets and their discontents, Legal, Media watch, Politics, Technology and innovation
Posted by Yves Smith at 6:25 am | 67 Comments »
“Almost Cartoonish Defender of the 1%, Kathryn Wylde” Rears Her Head to Attack Plans to Tax the Rich to Save New York City
The usual suspects, like Kathryn Wylde, try to defend why the top wealthy, who’ve made out like bandits under Covid, should not be made to share.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Economic fundamentals, Guest Post, Income disparity, Pandemic, Politics, Social policy, Taxes, The destruction of the middle class
Posted by Yves Smith at 1:34 am | 12 Comments »
2:00PM Water Cooler 2/17/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 177 Comments »
The Internet’s Big Carbon Footprint Need Not Doom the Climate
Efficiency and renewable energy can help make the internet more sustainable.
Topics: Global warming, Infrastructure
Posted by Lambert Strether at 11:25 am | 18 Comments »
Links 2/17/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 178 Comments »
James Galbraith: CBO Not Competent to Assess Economics of Minimum Wage
James Galbraith slams an “unreliable” CBO report claiming that raising the minimum wage would reduce jobs.
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:52 am | 30 Comments »
Global Coup d’État: Mapping the Corporate Takeover of Global Governance
Why you should be very, very worried when our supposed betters start talking up the newest neoliberal Trojan horse, global governance.
Topics: Banana republic, Corporate governance, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Privatization, Regulations and regulators, Ridiculously obvious scams, Social policy, The destruction of the middle class
Posted by Yves Smith at 6:38 am | 28 Comments »
‘The Mauritanian’ Rekindles Debate Over Gitmo Detainees’ Torture – With 40 Still Held There
A new movie puts the hot lights on America’s abuse of law and routinized torture at Gitmo.
Topics: Banana republic, Guest Post, Legal, Middle East
Posted by Yves Smith at 5:23 am | 15 Comments »