UK councils were already in trouble due to austerity, inflated charges for services, and mismanagement. Covid is set to generate bankruptcies
Recent Items
Saturday, September 13, 2025
Nick Corbishley: Bankruptcy Looms As Cash-Starved UK Local Councils’ High-Risk Real Estate Bets Sour
Topics: Doomsday scenarios, Free markets and their discontents, Guest Post, Macroeconomic policy, Pandemic, Privatization, Ridiculously obvious scams, The destruction of the middle class, UK
Posted by Yves Smith at 5:44 am | 48 Comments »
COVID-19 Compounding Inequalities
The COVID-19 crisis may worsen inequality and push more than 70 million people into extreme poverty, according to the United Nations.
Topics: Globalization, Guest Post, Health care, Income disparity, Pandemic, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 5:35 am | 9 Comments »
2:00PM Water Cooler 11/16/2020
By Lambert Strether of Corrente. Patient readers, I got wrapped around the axle with a technical issue. More from the Augean stables soon. –lambert UPDATE All done1 Bird Song of the Day #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. […]
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 202 Comments »
Waste Watch: Carbon Emissions to Increase in the UK from Waste Disposal; Yet Another Reason We Need To Cease Making So Much Plastic
Absent immediate and drastic action to limit plastics use, global emissions will increase as incineration is used for waste disposal.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post, Pandemic, UK
Posted by Jerri-Lynn Scofield at 1:55 pm | 11 Comments »
Links 11/16/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:57 am | 281 Comments »
A Letter from Nanea to Yves Smith About CalPERS’ Strange $1.5 Billion Deal with LongRange Capital
CalPERS defied its board by staking a startup fund with a cool $1.5 billion without approval. And on top of that, the deal looks lame.
Topics: Banana republic, CalPERS, Investment management, Legal, Private equity
Posted by Yves Smith at 5:56 am | 17 Comments »
The War Nerd: Gray Wolves — The Fascists Nobody Wants To Talk About
Examination of the history and practice of the Uurkish Gray Wolves as classic fascists, tolerated due to Turkey’s NATO role.
Topics: Europe, Guest Post, Middle East, Politics, Russia
Posted by Lambert Strether at 5:55 am | 20 Comments »
Feeling Disoriented By the Election, Pandemic and Everything Else? It’s Called ‘Zozobra’ — And Mexican Philosophers Have Some Advice
Ever had the feeling that you can’t make sense of what’s happening?
Topics: Guest Post, Politics
Posted by Lambert Strether at 5:25 am | 41 Comments »
Save the Birds: Study Adds to Calls to Ban Dogs from Beaches During Shorebird Nesting Season
Study shows nesting shorebirds are flushed from their nests during nesting season by dogs, whether or not on leads.
Topics: Environment, Europe, Guest Post
Posted by Jerri-Lynn Scofield at 9:55 am | 20 Comments »
Links 11/15/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 211 Comments »
Is Development for the World Bank Mainly Doing Business?
The World Bank finally gives up defending its controversial but influential Doing Business Report. It’s about time.
Topics: Banana republic, Dubious statistics, Environment, Globalization, Guest Post, Income disparity, Privatization, Regulations and regulators, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 5:55 am | 13 Comments »
Links 11/14/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 277 Comments »
Why 2020 Was the ‘Precarity Election’
In 2020, both parties ignored rising precarity, which is why the country remains a house divided against itself.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Social values, The destruction of the middle class
Posted by Yves Smith at 4:00 am | 107 Comments »
How Biden Can Protect Workers on Day 1
By using the Occupational Safety and Health Administration, Biden could improve worker safety during the pandemic without Congress’s help.
Topics: Banana republic, Guest Post, Health care, Income disparity, Pandemic, Politics, Regulations and regulators
Posted by Yves Smith at 3:33 am | 18 Comments »
2:00PM Water Cooler 11/13/2020
~ Covid charts ~ Democrats in disarray, CIA Democrats ~ Biden’s defense team is defense contractors ~ Ron Klain ~ The “Latinx” vote ~ Alabama’s Tuberville, Kentucky’s Rogers ~ Horrid Apple OS rollout ~ Is America in decline? ~ Gratitude
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 231 Comments »