Fearless commentary on finance, economics, politics and power

A brief recap of the newly-released Federal report on climate change.

Today’s Water Cooler: Booker and tear gas, Sanders voting record, Pelosi, Hakeem Jeffries, elites and trust, Democrats and demographics, jobless claims, personal income, housing, Facebook, Amazon, bee brains, mitochondrial DNA, internships, the left in Red States, Internet of Sh*t, Louise Bourgeois

BECCS has big problems with its inputs and its outputs. Perhaps other solution to global warming should be prioritized.

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The World Uncertainty Index reveals how uncertainty in the world has evolved over time, whether it is synchronised across countries, and how it compares across income groups and political regimes.

CalPERS looks not just reckless but also foolish as it keeps rejiggering a dubious private equity scheme that it presented as ready to go months ago.

To think it was not all that long ago that Zuckerberg was contemplating a presidential bid…

Today’s Water Cooler: G20, tariffs and automobile supply chains, Iowa no longer first in 2020, suburban Democrats, Twitter pundits, GDP, trade, manufacturing, corporate profits, new home sales, the Fed, climate policy, “the People,” loud restaurants, the headphone jack mourned

The National Association of Business Political Action Committees (NABPAC), which lobbies on behalf of PACs, believes the problem with America’s system of campaign finance is there’s not enough money in politics.

Blackstone is a major operator in the Spanish property market. This post discusses the Spanish government’s plans to enact modest protections for tenants by reforming rent laws. Will the government respond to tenant needs, or give way to the private equity firm’s implicit threat to reduce its Spanish property investments? Alas, it looks likely that the government will fail to deliver on its reform pledge.

Earth to economists: you are a big part of the climate change problem.

Musings about what Brexit will mean to the British people.

Today’s Water Cooler: Espy v. Hyde-Smith, Pelosi, voting, AOC, consumer confidence, housing, FAA and drones, robot trucks, GM, UAW, scooters, EV charging, farm belt moves north, insect extinction, medieval smiths, the Enlightenment, social networks and the seven deadly sins

The Ukraine-Russia row heats up again.