Recent Items
Tuesday, July 1, 2025
Links 4/18/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 325 Comments »
How COVID-19 Showed America’s Dependence on Blue-Collar Workers
The outbreak of “hero” talk is a long-overdue admission that blue-collar workers are the backbone of the US economy. Time to pay them more.
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Pandemic, The destruction of the middle class
Posted by Yves Smith at 5:32 am | 39 Comments »
#DemExit Now: How the Democratic Party Cheated Bernie Sanders Out of the Nomination
How the Dems played dirty with Sanders.
Topics: Banana republic, Global warming, Income disparity, Politics, Social values, The destruction of the middle class
Posted by Yves Smith at 5:12 am | 208 Comments »
2:00PM Water Cooler 4/17/2020
Today’s Water Cooler: Festival of Biden (strange inactivity, SuperPAC, Michelle Obama, VP horserace), Sirota on civility, vote by mail, ballot marking devices, Howie Hawkins, employment situation, state budgets, gold, Amazon, #COVID19 (epidemiology, asymptomatic tranmission), time
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 205 Comments »
CalPERS Staff Seeks to Strip Board of Remaining Authority Even as Press Exposes Multi-Billion Cost of Lack of Supervision; Elected Board Members Thumb Nose at Public by Seeking to Be Paid for Doing Almost Nothing
CalPERS staff is up to more dirty tricks. Push back by e-mail in public comments. Bad press already has them on the back foot.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal, Politics, Regulations and regulators, Ridiculously obvious scams, Risk and risk management
Posted by Yves Smith at 10:11 am | 21 Comments »
Links 4/17/2020
Topics: Links
Posted by Lambert Strether at 6:57 am | 329 Comments »
Taleb Questions CalPERS Ben Meng’s Competence and Honesty in Defending Missed $1 Billion Hedge Gain; Taleb Estimates CalPERS Net Loss on Meng’s “Alternative Mitigation” Over Two Years at $19 Billion
Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.
Topics: Banana republic, CalPERS, Derivatives, Doomsday scenarios, Dubious statistics, Investment management, Investment outlook, Pandemic, Ridiculously obvious scams, Risk and risk management
Posted by Yves Smith at 6:53 am | 60 Comments »
A Payments Holiday is More Realistic Than You Think
It may be simpler to enact a payments holiday than to try to get money to the hands of individuals who desperately need it.
Topics: Banking industry, Credit markets, Guest Post, Investment management, Pandemic, Payment system
Posted by Yves Smith at 6:46 am | 25 Comments »
Is There Any Better Time Than Now For a General Strike?
May Day is around the corner. It seems a fitting time for workers to demand better via a general strike.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Social policy, The destruction of the middle class
Posted by Yves Smith at 5:16 am | 53 Comments »
2:00PM Water Cooler 4/16/2020
Today’s Water Cooler: Biden administration personnel, Biden VP, Biden and The Zuckerberg, Biden and AOC, “essential workers,” Hofstadter, bourgeois riots, employment situation, manufacturing, California groundwater, Carnival, the corporate super-spreader, hospital staff cuts, apples, LSD
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 140 Comments »
DemocracyWatch: Global Pandemic Power Grabs
Yet another pandemic downside….
Topics: Banana republic, Doomsday scenarios, Guest Post, Legal, Media watch, Pandemic, Politics
Posted by Yves Smith at 9:21 am | 21 Comments »
Lockdown Rebelliousness: Denying that Coronavirus Is in Charge
The supposed irresistable force of the economy is losing out to the immovable object of the coronavirus.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Economic fundamentals, Free markets and their discontents, Health care, Income disparity, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 6:55 am | 204 Comments »
Links 4/16/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 250 Comments »
Taleb: The Only Man Who Has A Clue
A recap of what Taleb and his fellow complex systems analysts have been saying about coronavirus. Not pretty.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Pandemic
Posted by Yves Smith at 6:50 am | 167 Comments »
The New Fault Lines in a Post-Globalized World
Coronavirus is smashing up the economic and political order. What sort of world comes next?
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Health care, Pandemic, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 5:55 am | 41 Comments »