Fairway shows how private equity ruined a successful and much loved business.
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Sunday, September 21, 2025
Another Demise of a Storied Business at the Hands of Private Equity: Fairway
Topics: Private equity, Ridiculously obvious scams
Posted by Yves Smith at 3:43 am | 36 Comments »
Not All Keynesian Spending Is Equal
How “Keynesian” ideas regularly misrepresent Keynes.
Topics: Free markets and their discontents, Income disparity, Macroeconomic policy, Politics, Social policy, The destruction of the middle class, The dismal science
Posted by Yves Smith at 12:54 am | 34 Comments »
On February 6 Antarctica Was Warmer Than Orlando, But Mainstream Democrats Fiddle as the Planet Burns
Democrats ex Sanders are punting on climate change.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post, Politics, Risk and risk management
Posted by Yves Smith at 12:43 am | 55 Comments »
A Plague of Locusts, Failed States, and Climate Change
How locusts swarm, create food insecurity, and how climate change means more swarms, absent state intervention.
Topics: Africa, Environment, Global warming, Guest Post
Posted by Lambert Strether at 4:25 pm | 18 Comments »
2:00PM Water Cooler 2/17/2020
By Lambert Strether of Corrente. Patient readers, Mac is turning into Windows. I foolishly let my battery run out, and so had to reboot. When I did, my mouse did not work for some reason. Hence, when Apple put up a dialog asking me whether I wanted to upgrade or not, I tabbed to the […]
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 147 Comments »
Links 2/17/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 195 Comments »
Climate Risks to European Banks: A New Era of Stress Tests
Several European central banks have begun assessing the impact of adverse climate scenarios on banks’ capital. Comparable work at EU or euro area level has evolved more slowly. Supervisors need build up a distinct and more complex type of analysis, and should engage with banks now.
Topics: Banking industry, Global warming, Globalization, Guest Post
Posted by Lambert Strether at 5:55 am | 7 Comments »
More Concerns About China’s Coronavirus Economic and Political Downside
How coronavirus is destabilizing China.
Topics: Guest Post
Posted by Yves Smith at 2:00 am | 101 Comments »
Breakdown or Breakthrough? Degrowth and the Great Transition
We have already surpassed the known limits to growth, so degrowth is our only option.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Global warming, Guest Post, Social policy
Posted by Yves Smith at 12:40 am | 61 Comments »
Links 2/16/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 391 Comments »
A Full Scale Attack on Medical Debt
An integrated proposal for ending medical debt.
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Regulations and regulators, The destruction of the middle class
Posted by Yves Smith at 2:55 am | 46 Comments »
Foreign Exchange Swaps: Hidden Debt, Lurking Vulnerability
How hidden foreign exchange swaps contribute to financial fragility.
Topics: Banking industry, Credit markets, Currencies, Derivatives, Doomsday scenarios, Dubious statistics, Guest Post, Risk and risk management
Posted by Yves Smith at 2:20 am | 16 Comments »
Links 2/15/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 293 Comments »
What the Heck Happened to Surprise Billing Legislation? (Or, It’s Never Too Late for the Lobbyists to Win)
Surprise billing is proving awfully hard to kill.
Topics: Free markets and their discontents, Guest Post, Health care, Legal, Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 3:47 am | 37 Comments »
Believe It or Not, the Deepwater Horizon Oil Spill Was Even Worse Than Previously Thought
he legacy of Deepwater Horizon lives on, and not in a good way.
Topics: Doomsday scenarios, Energy markets, Environment, Guest Post
Posted by Yves Smith at 3:28 am | 24 Comments »