The COVID-19 shock has significant negative consequences for the finances of US state and local governments, especially since they are bound by balanced-budget requirements
Recent Items
Thursday, July 3, 2025
Fiscal Federalism and the COVID-19 Shock in the US
Posted by Lambert Strether at 11:46 am | 8 Comments »
Links 9/28/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 238 Comments »
Looking for the Private Equity Lending Train Wreck in All the Wrong Places?
How immient is a bust in private equity related debt?
Topics: Banking industry, Credit markets, Doomsday scenarios, Private equity
Posted by Yves Smith at 6:30 am | 9 Comments »
Announcing the 2020 Double Your Donations Challenge!
Take advantage of a generous offer! Double your donation!
Topics: Notices
Posted by Yves Smith at 1:05 am | 7 Comments »
How Bankers Hide Losses
Like master illusionists, bank accountants conceal losses from federal regulators, putting the whole economy at risk
Topics: Banana republic, Banking industry, Guest Post, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 12:40 am | 19 Comments »
Update on Federal Covid-19 Data at HHS: Hysteria on TeleTracking Data Manipulation Unwarranted, but Concern on Palintir Surveillance Oddly Muted
The danger in the HHS Protect project on Covid-19 isn’t data manipulation, but what the data will be used for (which almost nobody is talking about).
Topics: Guest Post, Health care, Pandemic
Posted by Lambert Strether at 4:55 pm | 4 Comments »
Thomas Neuburger: The War Against the War Against the People, or Why You Should Contribute to Naked Capitalism
If the class war becomes more confrontational, Naked Capitalism will continue to see past right and left to right and wrong,
Topics: Guest Post, Notices
Posted by Yves Smith at 12:45 pm | 12 Comments »
Links 9/27/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 345 Comments »
Why isn’t Donald Trumpeting His Foreign Policy Record?
The Trump team are more than skilled enough to manipulate their presentation of foreign achievements as successes if not triumphs.
Topics: Banana republic, Globalization, Politics
Posted by Lambert Strether at 6:16 am | 40 Comments »
Ponds, Beaver Ponds, Arctic and Antarctic Ponds, and Walden Pond
“Listen, strange women lyin’ in ponds distributin’ swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.”
Topics: Environment, Global warming, Guest Post
Posted by Lambert Strether at 4:25 pm | 42 Comments »
Naked Capitalism: Commentary That Has a Bite
Naked Capitalism’s community needs to be fed! Please chip in.
Topics: Guest Post, Notices
Posted by Yves Smith at 12:49 pm | 19 Comments »
Links 9/26/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 238 Comments »
These Secret Safety Panels Will Pick the COVID Vaccine Winners
A small, secret panel of experts is tasked with reviewing crucial data on the safety and effectiveness of coronavirus vaccines that U.S. taxpayers have helped fund, including products from Moderna, AstraZeneca, Johnson & Johnson and others.
Topics: Health care, Pandemic, Politics
Posted by Lambert Strether at 6:25 am | 30 Comments »
Bravo! Hit Our Third Fundraiser Target, On Our Way to the Fourth: Guest Bloggers
Dig deep to help meet our fourth target: rewarding Lambert, Jerri-Lynn, and John Siman.
Topics: Notices
Posted by Yves Smith at 1:46 am | Comments Off on Bravo! Hit Our Third Fundraiser Target, On Our Way to the Fourth: Guest Bloggers
2:00PM Water Cooler 9/25/2020
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 154 Comments »