Not only is the airline industry in desperate shape, but its executives have made its bad situation worse, increasing resolution costs for all bagholders.
Recent Items
Wednesday, November 5, 2025
Hubert Horan: The Airline Industry Collapse Part 3 – Recovery Expectations Were Always Dreadfully Wrong
Topics: Guest Post, Investment outlook, Pandemic, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:00 am | 24 Comments »
How’s Your Economy, Small Businesses Death Watch Edition
A reader query focused on small businesses.
Topics: Economic fundamentals, Income disparity, Pandemic, The destruction of the middle class
Posted by Yves Smith at 4:25 am | 76 Comments »
Is Silicon Valley Nudging Us Towards an Authoritarian Future?
Why it is not crazy to worry about Silicon Valley.
Topics: Guest Post, Politics, Social policy, Social values, Surveillance state, Technology and innovation
Posted by Yves Smith at 2:43 am | 18 Comments »
2:00PM Water Cooler 8/3/2020
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 186 Comments »
Rents Swoon in San Francisco, Other Expensive Cities, TX-OK Oil Patch Y/Y. But 23 Cities with Double-Digit Rent Increases
Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.
Topics: Free markets and their discontents, Real estate
Posted by Lambert Strether at 12:25 pm | 26 Comments »
Links 8/3/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 204 Comments »
Homeowners Beware: Mortgage Servicers Still Can’t or Won’t Shoot Straight
Mortgage servicers are still engaged the abuses they perpetrated in the foreclosure crisis.
Topics: Banking industry, Guest Post, Legal, Real estate
Posted by Yves Smith at 6:00 am | 28 Comments »
CalPERS Chief Investment Officer Ben Meng Made False, Felonious Financial Disclosure Report; More Proof of Lack of Compliance Under Marcie Frost
CIO Ben Meng demonstrates why CalPERS can’t be trusted….even as the giant pension is pushing legislation to be able to make loans in secret.
Topics: Banana republic, CalPERS, Investment management, Legal, Politics
Posted by Yves Smith at 11:45 pm | 32 Comments »
So What’s With Those Weird Seed Packets from China?
Oddities in the Chinese seeds story (and yes, people planted them).
Topics: China, Free markets and their discontents, Guest Post
Posted by Lambert Strether at 4:55 pm | 54 Comments »
Links 8/2/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 288 Comments »
How to Laugh Away the Far-Right: Lessons from Germany
In the many instances where far-right activity attempts to exhibit solemnity, gravity, or strength, a well-aimed joke is a powerful act of resistance.
Topics: Europe, Guest Post, Politics
Posted by Lambert Strether at 6:45 am | 68 Comments »
Links 8/1/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 284 Comments »
Austria Confirms OPCW Report On Skripal Faking by the British – Vienna Exposes Financial Times Lies and Cover-Up
Revealing a big hole in the official Skripal story.
Topics: Guest Post, Media watch, Politics, Russia, UK
Posted by Yves Smith at 3:14 am | 65 Comments »
The Hijacking of Police Reform by Wealthy Opportunists Resembles the Harm Done to Public Schools
How consultant-grifters profit while watering down police reform and undermining accountabilty to local communities.
Topics: Banana republic, Dubious statistics, Free markets and their discontents, Guest Post, Income disparity, Politics, Privatization, Social policy
Posted by Yves Smith at 2:22 am | 15 Comments »
2:00PM Water Cooler 7/31/2020
COVID-19 peak, or plateau? ~ Biden v. Sanders forces at platform committee ~ When you’ve lost Rod Dreher ~ Trump halts ad spend ~ Smugness ~ National security goons and the election ~ Warehousing, shipping for Xmas ~ COVID-19 immunity ~ WHO hires Cass Sunstein ~ Team masks
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 123 Comments »



