Between 1920 and 1992, English elites concealed 20-32% of their wealth. Accounting for hidden wealth eliminates one-third of the observed decline of top 10% wealth share over the past century.
Tuesday, September 23, 2025
The Geography of EU Discontent
The EU’s flyover, meaning areas in economic decline, are also its hotbeds of discontent and anti-EU sentiment.
Financialization of the U.S. Pharmaceutical Industry
A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.
2:00PM Water Cooler 12/6/2019
Today’s Water Cooler: Biden, Buttigieg, Bloomberg terminal gaffe, Harris, Sanders, Harry Reid, impeachment, Durham report a damp squib?, employment situation, electric vehicles, Apple, the startup Away, suburban buses, Sunrise Movement, care work, domesticated humans, the cortex
US Targets Wage-Repression Model in Mexico, Demands Inspections, Industry Has a Cow
A proposed provision in the so-called “NAFTA 2.0” to increase autoworker wages in Mexico is raising hackles south of the border.
Coal Is Dead, But China Is Reviving It
Bad climate news: coal is far from over.
Why Hospitals Never Have Enough Nurses: The Explanatory Power of “Prasad’s Law” of Wealth Concentration
Nurses, or more accurately, nurse staffing levels demonstrate a central bad incentive in American medicine.
CalPERS Should Thank Us for Publicizing, and Therefore Undermining Their Repeated Efforts to Hand Private Equity Portfolio to BlackRock: BlackRock’s Mark Wiseman Fired for Affair With Subordinate, Leading to Suspension of New Investments from “Warren Buffett” Style Megafund
How we helped CalPERS, despite the fund’s concerted efforts, dodge a BlackRock bullet.
2:00PM Water Cooler 12/5/2019
Today’s Water Cooler: WTO dispute resolution, digital services, Huawei, 2000 v. 2019, Biden’s bus, Buttigieg, Iowa caucus, impeachment witness statements, VSAP, Wells Fargo, UPS, Google, private equity, corals, climate polling, health insurance, Maxwell’s equations, generationsd
‘Dark Waters’ Tells the Origin Story of a Public Health Nightmare. We’re Still Living It.
On a docu-drama that recounts the first major suit against toxic “forever chemicals” and what’s being done about them now.
Questioning Innovation
Why innovation isn’t necessarily a good thing.
Tucker Carlson Tears into Vulture Capitalist Paul Singer for Strip Mining American Towns
Tucker Carlson takes on the feared vulture capitalist Paul Singer as an examplar of how hedge funds are destroying American communities.
