An update on getting back to normal (not) in New York City.
Recent Items
Tuesday, July 1, 2025
Grim Prospects for New York City as Few Office Workers Return Post Lockdown; How Hard Will Other US Cities Be Hit?
Topics: Doomsday scenarios, Economic fundamentals, Pandemic, Taxes
Posted by Yves Smith at 3:58 am | 51 Comments »
Who Pays for Stranded Assets? Taxpayers Are Footing The Bill For 100-Year Old Oil Wells
Why shuttering oil wells is a physical, economic, and political mess.
Topics: Banana republic, Dubious statistics, Energy markets, Global warming, Guest Post, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 3:54 am | 26 Comments »
Grenfell Tower Fire: Third-Year Anniversary (Non-)Progress Report
Some progress on Grenfell Tower: Remediating apartment blocks, ongoing inquiries, regulatory proposals. But not nearly enough. And then there’s the potential IT boondoggle. They were careless people, Tom and Daisy…
Topics: Guest Post, Politics, Real estate, Risk and risk management, Social policy, Social values, UK
Posted by Lambert Strether at 3:25 pm | 21 Comments »
Links 6/21/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 300 Comments »
We Caught Bacteria from the Most Pristine Air on Earth to Help Solve a Climate Modeling Mystery
Due to how remote the Southern Ocean is, there have been very few actual studies of the clouds there.
Topics: Global warming, Guest Post, Science and the scientific method
Posted by Lambert Strether at 6:45 am | 6 Comments »
Links 6/20/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 284 Comments »
What Do Struggling Small Businesses Need Most? Time – and Bankruptcy Can Provide It
Can a leisurely bankruptcy process help small businesses?
Topics: Doomsday scenarios, Guest Post, Legal, Pandemic
Posted by Yves Smith at 3:56 am | 13 Comments »
Let’s Make Sure We Get the Green New Deal Right
vid-19 throws a wrench in many of the assumptions underlying existing Green New Deal proposals.
Topics: Doomsday scenarios, Environment, Global warming, Globalization, Guest Post, Pandemic, Politics
Posted by Yves Smith at 3:12 am | 36 Comments »
2:00PM Water Cooler 6/19/2020
COVID-19 in the West ~ Klobuchar knifes Warren ~ Could Biden be running a genius-level campaign ~ Empathy ~ Who lost China? ~ Trump in Tulsa ~ Trump the undefeated ~ Amy McGrath ~ Rail, trucking, tankers ~ Go long Plexiglass ~ Ocean rise and the 30-year mortgage ~ Juneteenth ~ CHOP/CHAZ v. the Commune ~ R.I.P. Ian Holm ~ Smell and the brain
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 133 Comments »
The Bank of England Votes for More QE – But This Is a Road That Will Run Out
Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]
Topics: Banking industry, Credit markets, Dubious statistics, Economic fundamentals, Federal Reserve, Guest Post, Macroeconomic policy, Pandemic, Politics, The dismal science, UK
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 6/19/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 143 Comments »
How America’s Covid-19 Rescues Look Set to Increase Inequality
Why the Covid-19 bailouts are coming at a high social cost.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Federal Reserve, Free markets and their discontents, Income disparity, Macroeconomic policy, Pandemic, Politics, Social policy, Taxes, The destruction of the middle class
Posted by Yves Smith at 4:58 am | 20 Comments »
The Costs Of Safely Reopening A High-End Restaurant
A restaurant case study.
Topics: Economic fundamentals, Guest Post, Pandemic
Posted by Yves Smith at 2:02 am | 14 Comments »
The Police Weren’t Created to ‘Protect and Serve.’ They Were Created to ‘Maintain Order.’ A Brief Look at the History of Police in America
America’s police started out as muscle deployed against labor organizers.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 12:05 am | 46 Comments »
2:00PM Water Cooler 6/18/2020
Global COVID-19 stats ~ Biden delivers speech successfully ~ Sanders influence tested ~ Trump’s plans for Tulsa ~ Supreme Court DACA decision ~ Karens re-considered ~ Employment, manufacturing ~ Casinos going cashless ~ Zombie companies ~ Asymptomatic COVID ~ Imperial cats
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 112 Comments »