The pace of rebuilding after the Santa Cruz Mountains wildfire in 2000 bodes ill for the likely speed of Los Angeles reconstruction.
Recent Items
Sunday, September 14, 2025
Rebuilding Rate for Santa Cruz Mountains Lightning Complex Fire Bodes Ill for Los Angeles Reconstruction, Even Before Getting to Insolvency of California State FAIR Plan Wildfire Insurance
Topics: Doomsday scenarios, Economic fundamentals, Environment, Global warming, Income disparity, Politics, Real estate, Regulations and regulators
Posted by Yves Smith at 1:59 am | 57 Comments »
The Department of Governmental Efficiency (DOGE) Lacks Legal Structure and Promised Transparency
DOGE depends on Elon Musk’s charismatic authority. That’s a bad thing.
Topics: Guest Post, Politics, Regulations and regulators
Posted by Lambert Strether at 4:25 pm | 25 Comments »
Links 1/12/2025
Topics: Links
Posted by Lambert Strether at 6:58 am | 215 Comments »
Health Care AI, Intended To Save Money, Turns Out To Require a Lot of Expensive Humans
Artificial intelligence systems require consistent monitoring and staffing to put in place and to keep them working well. In essence: You need people, and more machines, to make sure the new tools don’t mess up.
Topics: Guest Post, Health care, Ridiculously obvious scams, Technology and innovation
Posted by Lambert Strether at 6:50 am | 23 Comments »
Links 1/11/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 273 Comments »
Weaponizing the US Dollar. Can It Work?
Michael Hudson refines and extends recent discussions on the future of the dollar, particularly under Trump, and finance-dominated capitalism
Topics: Currencies, Economic fundamentals, Europe, Free markets and their discontents, Globalization, Guest Post, Payment system, Politics, Russia, The dismal science
Posted by Yves Smith at 6:54 am | 80 Comments »
Meet the Cats Who Roam Rikers Island
Even cats in a prison setting find human servants!
Topics: Curiousities, Guest Post, Politics
Posted by Yves Smith at 6:02 am | 13 Comments »
2:00PM Water Cooler 1/10/2025
~ Today’s Water Cooler: Politics, Syndemics; New Covid data, Covid and mortality; LA Fires: misinformation; SEIU joins AFL-CIO ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 118 Comments »
“In 2025, States Will Flip the Script on Taxes to Make the Wealthy Pay Their Fair Share”
State-level activists have been building coalitions to implement higher and more extensive taxes on the wealthy. What are their prospects?
Topics: Guest Post, Income disparity, Legal, Politics, Private equity, Taxes, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 42 Comments »
Links 1/10/2025
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 174 Comments »
Where is Guaidó 2.0?
While the old Guaidó lives it up in Florida, at somebody’s apparent expense, the new Guaidó, Edmundo González Urritia, appears to be going nowhere.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 19 Comments »
Polish Foreign Minister Worries that Musk Will Successfully Undermine Ruling Liberal Party in Upcoming Elections; Is Another Romania-Style Election Nullification Possible?
Will Musk’s taste for a US favorite, regime change, include 2025 Polish elections? If so, will the answer be Romania-style extreme measures?
Topics: Banana republic, Europe, Guest Post, Legal, Media watch, Politics
Posted by Yves Smith at 5:58 am | 12 Comments »
UK Economy Falters as Pound Sterling Continues to Slide
Sustained neoliberalism is exacting a toll on the UK via currency wobbles and reluctance to raise rates in the face of budget pressures.
Topics: Currencies, Economic fundamentals, Globalization, Macroeconomic policy, Politics, The dismal science, UK
Posted by Yves Smith at 5:56 am | 61 Comments »
2:00PM Water Cooler 1/9/2025
By Lambert Strether of Corrente. Patient readers, I am now going to take a nap. Enjoy! Bird Song of the Day Brown Thrasher, Theodore Roosevelt National Park – Upper Talkington Trail, Billings, North Dakota, United States. * * * In Case You Might Miss… Trump’s pivotto the Northern Hemisphere. LA Palisades Fire: This is fine. […]
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 73 Comments »
Beware the Faux Populism of Corporate Democrats
Why the working class needs to make a hostile takeover of the Democrats.
Topics: Globalization, Guest Post, Income disparity, Politics, Social values, The destruction of the middle class
Posted by Yves Smith at 10:04 am | 56 Comments »