In his former role as governor of the Bank of Italy, Draghi was partly responsible for Monte dei Paschi’s di Siena’s decline. Now he must reverse it.
Recent Items
Wednesday, October 15, 2025
Italy’s Newly Unelected Prime Minister, Mario Draghi, Has Urgent Unfinished Business With the World’s Oldest Bank
Topics: Banking industry, Europe
Posted by Nick Corbishley at 6:31 am | 14 Comments »
Hubert Horan: Can Uber Ever Deliver? Part Twenty-Four: Uber Loses Another $6.8 Billion
Even as Uber throws more business ballast over the side to try lighten the ship, it still continues to sink.
Topics: Guest Post
Posted by Yves Smith at 5:20 am | 33 Comments »
The Non-Profit Industrial Complex Stands in the Way of Direct Aid
How non-profit organizations are too often about the career advancement of their staff, and what marginalized communities can do about that.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Ridiculously obvious scams, Social policy, Social values
Posted by Yves Smith at 5:06 am | 32 Comments »
Waste Watch: News from the U.S. and the Maldives
The Maldives and the U.S. are each grappling with managing their packaging waste; beware those who tout the EPR panacea.
Topics: Banana republic, Doomsday scenarios, Global warming, Globalization, Guest Post, Legal, Pandemic, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 9:55 am | 15 Comments »
Links 2/15/2021
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 227 Comments »
How to Make COVID Vaccines More Effective: Give People Vitamin and Mineral Supplements
Supplementing vitamin and mineral levels of the elderly before they get vaccinated could boost the effectiveness of COVID-19 vaccines.
Topics: Doomsday scenarios, Guest Post, Health care, Income disparity, Pandemic, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 6:50 am | 33 Comments »
Black Lives Matter Inland Empire Announces Break With BLM Global Network: Calls Out Lack of Transparency, Democratic Party Control
A Black Lives Matter group calls out the organization’s embrace of capitalism, self-promotion, and the Democratic Party.
Topics: Banana republic, Guest Post, Income disparity, Politics, Social values
Posted by Yves Smith at 3:37 am | 55 Comments »
‘Fire DeJoy Before He Burns Down USPS’: Postmaster General Pushes Plan for Slower Mail, Higher Prices
The planned demolition of the USPS continues. Can it be stopped?
Topics: Banana republic, Free markets and their discontents, Guest Post, Politics, Privatization, Ridiculously obvious scams
Posted by Yves Smith at 2:59 am | 48 Comments »
Valentine’s Day Food Security Special: Hold the Pink Kraft Dinner, Serve Up Comfort Food
Kraft serves up a pink-hued, candy-flavored Valentine’s Day version of its boxed mac ‘n cheese. What’s on your comfort food menu?
Topics: Curiousities, Guest Post, Pandemic
Posted by Jerri-Lynn Scofield at 9:55 am | 39 Comments »
Links 2/14/2021
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 176 Comments »
‘Beyond Outrageous’: Big Pharma Using Loophole to Get Taxpayers to Fund Billions in Fines for Fueling Opioid Crisis
Big Pharma firms may try and take a tax deduction for some of the $26 billion opioid settlement, thus reducing its payout.
Topics: Banana republic, Guest Post, Health care, Income disparity, Legal, Politics, Ridiculously obvious scams, Taxes, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 6:25 am | 22 Comments »
Links 2/13/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 213 Comments »
Working From Home: Too Much of a Good Thing
Why and how much the working from home trend is likely to be unwound post Covid (assuming a post Covid).
Topics: Corporate governance, Economic fundamentals, Guest Post, Income disparity, Pandemic, Technology and innovation
Posted by Yves Smith at 6:10 am | 61 Comments »
Yanis Varoufakis: Trumpism after Trump – NEWSWEEK Magazine, Interviewed by Basit Mahmood
Varoufakis believes Biden Administration fecklessness and love of austerity will strengthen the Trump faction.
Topics: Banana republic, Economic fundamentals, Europe, Free markets and their discontents, Guest Post, Income disparity, Investment management, Macroeconomic policy, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 5:15 am | 41 Comments »
2:00PM Water Cooler 2/12/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 112 Comments »