The U.S. shale oil industry had considerable problems before Saudi Arabia and Russia launched their oil price war. What comes next?
Tuesday, July 1, 2025
‘This Is a Massive Scandal’: Trump FDA Grants Drug Company Exclusive Claim on Promising Coronavirus Drug
Granting “orphan” drug status to Gilead Sciences for remdesivir, its potential coronavirus treatment, is a massive boon to the company.
2:00PM Water Cooler 3/24/2020
Today’s Water Cooler: Stimulus, Biden as idea, “back to work in two weeks” say elites, manufacturing, container shipping, grocery supply chain, Ford and ventilators, Roubini on depression, gardening, Antarctica, rich behaving badly, chloroquine, #COVID19 and antibiotic resistance
What the Government Needs to Do Next to Tackle the Crisis
Jamie Galbraith describes what government needs to do to keep hospitals and the real economy functoning during the coronavirus crisis.
Debt and Power: An Interview With Michael Hudson
Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should
The UK embraces modern monetary theory….and perhaps hopes no one notices.
Rule Number 1 for Government Bailouts of Companies: Make Sure Voters and Taxpayers Share in the Upside
If the public is to be asked to give bailouts to businesses, it should get something back for its money. It needs to share in any upside.
2:00PM Water Cooler 3/23/2020
Today’s Water Cooler: Biden base v. Sanders base, Biden’s donors, Klobuchar, Sanders, Warren’s donors, employment situation, ventilator manufacturing, Fed QE, climate change, national monuments, “listening to the body,” #COVID19 (chloroquinine, TB), #COVID19 and the poor, self-isolation
Global Level 4 Travel Advisory: Stealth Subsidy for Insurers?
The State Department’s global level 4 health advisory,recommending US citizens not travel internationally, has travel insurance implications.
Sanders Calls for ‘Unprecedented Legislative Response’ to Coronavirus Crisis—Not Corporate Bailouts
Republicans have tabled a corporate bailout plan to calm markets. Can Bernie Sanders and others redirect the stimulus to reflate the economy?
Bailout Shenanigans: Making 2008 Look Good?
The bailout bill looks shameless, even by Trump Administration standards.
Covid-19: A Tale of Three Regions
An epidemiloigist looks at Covid-19 data.
A Modest Proposal: Make Sure the Public Knows, in Real Time, When Congresscritters are Dumping Shares
The COVID-19 specter led Congresscritters to coo reassurance, and dump shares. A modest proposal: require immediate disclosure of trades.
