As the well off sail on, either unaffected by or profiting from Covid’s impact, for many, the economic damage is severe and lasting.
Recent Items
Wednesday, October 15, 2025
The Long Term Damage of Economic Downturns
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Social values, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:03 am | 20 Comments »
2:00PM Water Cooler 3/16/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 80 Comments »
Why Would Anyone Buy Crypto Art – Let Alone Spend Millions on What’s Essentially a Link to a JPEG File?
Trying to make sense of crypto art.
Topics: Environment, Global warming, Guest Post, Ridiculously obvious scams, Social values, Technology and innovation
Posted by Yves Smith at 9:55 am | 85 Comments »
Links 3/16/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 142 Comments »
Spain’s Labor Office Hit by Massive Ransomware Attack As Unemployment Hits Four-Year High
The victims of this latest ransomware attack are among the most vulnerable in society — those who have lost their jobs or whose jobs have been furloughed.
Topics: Guest Post
Posted by Nick Corbishley at 6:53 am | 8 Comments »
New York City Lost a Record 631,000 Jobs to the Pandemic in 2020. So What’s Next?
A look at the raw numbers behind the pain of New York City’s biggest economic downturn since the Great Depression.
Topics: Doomsday scenarios, Economic fundamentals, Guest Post, Income disparity, Macroeconomic policy, Pandemic
Posted by Yves Smith at 5:55 am | 12 Comments »
Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses
A Biden rescue of the sickest private pension plans goes largely under the radar.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Investment management, Pandemic, Politics, Private equity, Regulations and regulators, The destruction of the middle class
Posted by Yves Smith at 4:43 am | 12 Comments »
2:00PM Water Cooler 3/15/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 95 Comments »
Indian Vaccine Manufacturers: U.S. Use of Wartime Export Controls Threatens World Vaccine Production
Will the U.S. relax export controls that threaten global vaccine production? What’s the next step for U.S. vacccine diplomacy?
Topics: Africa, Health care, India, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 12:55 pm | 14 Comments »
Links 3/15/2021
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:58 am | 136 Comments »
‘Disturbing’: Rich Nations Vaccinating Person Per Second While Blocking Effort to Share Recipe With Poor Countries
Rich nations continue to block a propsed waiver of intellectual property rights to allow global sharing of vaccine tecnology and production.
Topics: Africa, Globalization, Guest Post, Health care, India, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 6:55 am | 20 Comments »
New Zealand’s Feeble Attempt to Curb Sky-High Housing Prices
New Zealand, awfully late in the game, is trying to Do Something about insane housing prices.
Topics: Australia, Economic fundamentals, Free markets and their discontents, Macroeconomic policy, New Zealand, Politics, Real estate, Regulations and regulators
Posted by Yves Smith at 6:17 am | 42 Comments »
Nomi Prins: To Build or Not to Build? The Infrastructure Question
For all sorts of bad reasons, American has a huge infrastructure spending backlog. But can we even do the job well?
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Infrastructure, Macroeconomic policy, Politics, Privatization
Posted by Yves Smith at 4:11 am | 55 Comments »
For the Birds: Lights Out Philly
Bird Safe Philly announces voluntary initiative to switch off lights on skyscrapers to prevent migrating birds from crashing to their deaths.
Topics: Curiousities, Guest Post, Politics
Posted by Jerri-Lynn Scofield at 12:25 pm | 13 Comments »
Links 3/14/2021
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:58 am | 144 Comments »