Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
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Tuesday, July 1, 2025
Tom Ferguson: Biden Blurring Almost Everything
Topics: Banana republic, Banking industry, Doomsday scenarios, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Health care, Income disparity, Macroeconomic policy, Pandemic, Politics, Private equity, Social policy, The destruction of the middle class
Posted by Yves Smith at 5:59 am | 22 Comments »
You Know In Your Heart That the Day of Real Resistance Is Coming
First demonstrations across the US, now a guillotine in front of Jeff Bezos’ house. Is this more #Resistance or a system-breaking resistance?
Topics: Banana republic, Guest Post, Income disparity, Macroeconomic policy, Pandemic, Politics, Social policy, Social values
Posted by Yves Smith at 1:50 am | 207 Comments »
2:00PM Water Cooler 8/27/2020
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 200 Comments »
‘Threadbare’ US System Denounced as Study Shows 12 Million Lost Employer-Tied Health Care During Pandemic
New data on how many lost their health insurance, which often means health care, due to Covid. And the numbers are not getting better soon.
Topics: Banana republic, Doomsday scenarios, Free markets and their discontents, Guest Post, Health care, Income disparity, Pandemic, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 19 Comments »
Links 8/27/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 287 Comments »
Emergency Situation: The Slow-Moving Tragedy of the Russian Arctic
The Russian version of America’s flyover has it pretty bad: declining industries and environmental stress.
Topics: Doomsday scenarios, Energy markets, Environment, Global warming, Guest Post, Income disparity, Russia, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 16 Comments »
Another COVID Mystery: Patients Survive Ventilator, But Linger in a Coma
Another way Covid-19 can mess up people who survive the disease: protracted comas
Topics: Guest Post, Health care, Pandemic, Science and the scientific method
Posted by Yves Smith at 5:21 am | 6 Comments »
CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng
CalPERS’ Board Vice President Theresa Taylor shoots herself and CalPERS in the foot.
Topics: CalPERS, Corporate governance, Investment management, Private equity
Posted by Yves Smith at 12:40 am | 37 Comments »
2:00PM Water Cooler 8/26/2020
Covid in the Midwest and regionally ~ Biden’s grief ~ Trump air war and swing states ~ Kanye West ~ Markey v. Kennedy ~ Coleman ~ Republican National Convention ~ Durable goods, two recessions, debt, Chrome debacle ~ Kenosha: Two dead ~ Executive superspreaders ~ That asteroid
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 205 Comments »
How Do Banks Create Money?
A short primer on banks from a Modern Monetary Theory perspective.
Topics: Banking industry, Credit markets, Guest Post, Payment system, Regulations and regulators
Posted by Yves Smith at 9:55 am | 29 Comments »
Links 8/26/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 226 Comments »
Columbia Journalism Review Publishes Detailed Expose on Gates Foundation Buys Influence With Journalists
Why you should not trust the Gates Foundation.
Topics: Africa, Banana republic, Free markets and their discontents, Health care, Income disparity, Media watch, Pandemic, Politics, Social policy
Posted by Yves Smith at 5:44 am | 33 Comments »
Summer Rerun: Journey into a Libertarian Future: Part III – Regulation
Another dive, in both senses of the word, into the implications of libertarian ideology.
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 5:16 am | 8 Comments »
Robot Generals: Will They Make Better Decisions Than Humans – Or Worse?
The odd idea of replacing generals with AI is getting a hearing.
Topics: Banana republic, Guest Post, Politics, Technology and innovation
Posted by Yves Smith at 1:09 am | 39 Comments »
2:00PM Water Cooler 8/25/2020
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 219 Comments »