COVID-19 problem states: CA and TX ~ Biden-Sanders Unity Task Forces ~ Biden and fossil fuels ~ Biden and finance ~ Trump’s plan to win ~ Kanye West needs to file his paperwork ~ Frum and Proust ~ Think tanks ~ Leading indicators, inflation, rail ~ COVID-19 and HIV ~ “Strike for Black Lives” July 20 ~ NY rental market near collapse ~ Boasian antiracism
Recent Items
Saturday, September 13, 2025
2:00PM Water Cooler 7/10/2020
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 152 Comments »
Biden Defends Undying Allegiance to For-Profit Healthcare During Interview With Dying Medicare for All Advocate Ady Barkan
Biden acts like the heartless pol he is. He can’t keep up the pretense if someone wants to get between him and insurer profits.
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 129 Comments »
Links 7/10/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 145 Comments »
Unemployment Claims Hit New Record: 32.9 Million State & Federal. Week 16 of U.S. Labor Market Collapse
The latest unemployment data calls into question the notion that anything more than a techical recovery is underway.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Guest Post, Income disparity, Macroeconomic policy, Pandemic, The destruction of the middle class
Posted by Yves Smith at 4:41 am | 37 Comments »
Let the Predation Begin! CFPB Rolls Back Obama-Era Payday Loan Protections
Payday loan abuses are baaack, thanks to a full bore lobbying effort.
Topics: Banana republic, Banking industry, Free markets and their discontents, Income disparity, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 4:05 am | 18 Comments »
Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast
CalPERS latest beneficiary e-mail had misrepresentaions that even the toothless SEC would sanction.
Topics: Banana republic, CalPERS, Investment management, Media watch, Private equity, Risk and risk management
Posted by Yves Smith at 3:13 am | 12 Comments »
2:00PM Water Cooler 7/9/2020
COVID problem states ~ Festival of Biden-Sanders Unity Task Force ~ Trump gets Supreme Court respite ~ Trump and the burbs ~ COVID and multiple system failure ~ Employment situation, wholesale sales ~ Tesla sales ~ Capex ~ COVID transmission in stadiums v. marches ~ Essential workers
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 126 Comments »
Big Pharma Wants to Pocket the Profits From a COVID Treatment You Already Paid For
Why Gilead’s price gouging for its Covid-19 treatment remdevisir is even more egregious than you thought.
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Pandemic, Regulations and regulators, Social policy, Technology and innovation
Posted by Yves Smith at 9:55 am | 22 Comments »
Links 7/9/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 206 Comments »
Private Equity and the Pandemic: Brace for Impact…Investing (Part II)
Private equity profiteering in prisions and education demonstrates why their enthusiasm for socially responsible investing is a con.
Topics: Guest Post, Investment management, Private equity, Ridiculously obvious scams, Social values
Posted by Yves Smith at 6:02 am | 3 Comments »
NY Department of Financial Services Fines Deutsche Bank Over Jeffrey Epstein Abuses; Where Are the Feds?
Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.
Topics: Banana republic, Banking industry, Legal, Payment system, Regulations and regulators
Posted by Yves Smith at 5:06 am | 18 Comments »
Will the E-Money Boom Make the UK a Hub of Money Laundering?
Quelle suprise! E-money is facilitating financial fraud. And the UK’s FCA is unduly accommodating.
Topics: Banana republic, Banking industry, Free markets and their discontents, Guest Post, Payment system, Regulations and regulators, Ridiculously obvious scams, Russia
Posted by Yves Smith at 12:47 am | 14 Comments »
2:00PM Water Cooler 7/8/2020
~ COVID problem states ~ Electoral college map shifts ~ Biden’s typefaces ~ Trump to drop out? Not what he says ~ The Great Assimilation™ (and kreplach) ~ Vote by mail ~ Robot cars ~ Unto dust shalt thou return ~ Airborne SARS-COV-2 ~ Epstein’s lead-lined bathroom ~ Cat-bee photos ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 175 Comments »
“Warren’s Eviction Bill Is Economically and Politically Savvy”
Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.
Topics: Banking industry, Credit markets, Free markets and their discontents, Guest Post, Moral hazard, Pandemic, Real estate
Posted by Yves Smith at 9:55 am | 76 Comments »
Links 7/8/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 184 Comments »