How the evolution of the rise in inequality in the US has dominated and distorted economists’ and pundits’ commentary; data show that some pet generalizations don’t hold up.
Friday, June 20, 2025
Financial Times Goes Wobbly on Brexit; Runs Front Page Stories Claiming Theresa May Charm Offensive Is Winning “Fudges” When No Such Thing Is Happening
The Financial Times has used two lead stories this week to deliver factuall-challenged propagandizing for the Government’s Brexit maneuvers.
Wolf Richter: Tesla Discloses Worst Quarterly Loss Ever, But Where Are the 17,000 Model 3 Cars it “Produced” But Didn’t “Deliver”?
So far, the SEC and investors are ignoring Tesla’s sus-looking production figures.
Austerity Caused Brexit
Yves here. Lambert sent me a copy of the underlying paper on Brexit voting patterns a week ago, suggesting I write it up. I sat on it due to focusing on seemingly more pressing stories, plus being behind on administrativa due to travel. I’ve embedded the article at the end of this post. This finding […]
Gaius Publius: There Will Be No Chinese Century
Why on current trajectories, China (and the US) are toast.
2:00PM Water Cooler 8/2/2018
Today’s Water Cooler: China trade, Obama and Clinton endorsements, Maslow’s hierarchy, factory orders, Uber, health insurance, libraries, temporarily open thread
Millennials Are Done with US Domination of World Affairs
Are Millennials ruining the Empire?
The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response
Michael Hudson explains how we’re still in the crisis that started in 2007-2008.
The Explicable Mystery of the National Debt
Why US Treasury bond issuance and Federal deficits are functionally not debt at all.
Los Angeles Times Slams CalPERS for Vetting Failures That Led to Exit of CFO Asubonten for Resume Misrepresentations, Doubts Whether CEO Marcie Frost Has Made Needed Changes
Mike Hiltzik of the Los Angeles Times weighs in on the fiasco of CalPERS’ hiring of Charles Asubonten.
Mexico’s Next President Will Pour Billions Into Oil
AMLO’s plan seems to be injecting public money into the energy sector alongside what private industry is already trying to do.
2:00PM Water Cooler 8/1/2018
Today’s Water Cooler: Biden and Obama, more Facebook panic, employment, doctors and “moral injury,” political data projects, temporarily open thread
“Wait Times” and The Neoliberal Assault on Canadian Medicare
The neoliberal playbook and the attempts to privatize Canadian Medicare
