Attempts by the New York Times to blame humanity as a whole for climate change let the real culprits off the hook.
Monday, July 21, 2025
2:00PM Water Cooler 8/7/2018
Today’s Water Cooler, including today’s primaries, the Koch brothers, liberalism and cruelty, job openings, shipping, Amazon, Tesla, Appalachia, brain twisters, Maine “Sea Goddess” dethroned.
Worksheet for the 2018 Midterms (Clinton and Obama Endorse)
Yes, the Democrat Party really is split.
Oxford Professor Phalippou: Since 2006, Private Equity Has Produced Only S&P 500 Returns While Reaping $400+ Billion in Fees
Oxford professor Ludovic Phalippou gives a decisive debunking of the claim that private equity outperforms.
Bill Black: Pre-Crisis “4506-T Studies” Showed Massive Fraud in Liar’s Loans; Fed Ignored Warning, DoJ Refused to Target Implicated Banksters
Yet another proof that the authorities were given evidence of widespread mortgage fraud before the crisis and chose to do nothing about it.
Trump’s Illegal Economic Sanctions Against Iran Start Up
With its newest sanctions, the Administration ratchets up its “regime change in Iran” strategy. Not a good look.
2:00PM Water Cooler 8/6/2018
By Lambert Strether of Corrente. I’m off to the optometrist’s this afternoon! –lambert Trade https://www.scmp.com/business/global-economy/article/2157320/factories-shift-out-china-avoid-trade-war-boosting-volume “China said it’s [hitting $60 billion worth of U.S. exports with new tariffs] ‘because the U.S. side has repeatedly escalated the situation despite the interest of both enterprises and consumers’ and it must ‘[a]defend the country’s dignity and the interests […]
Court Rules that Portland Oil Terminal Ban Does Not Violate the Commerce Clause
The court ruled that the city’s ban on new fossil fuel terminals within its borders did not violate the Commerce Clause, which is the main argument the oil industry has used against bans like the ones in Portland, Oregon and other cities.
How Hedge Fund Activists Coopted “Shareholder Democracy”
How hedge fund activists, who largely operate as a type of corporate raider, have subverted the notion of “shareholder democracy” and what can be done to rein them in.
Wall Street Journal Parrots SEC’s Excuses for Big Delays in Whistleblower Payouts
The SEC succeeded in spinning the Wall Street Journal’s story on the large delays in paying out whistleblowers whose tips led to successful enforcement actions.
CalPERS Loses Over $500 Million on Botched Timber Investment; May Have Sold at Bottom of Market
CalPERS wrongfoots another big alternative assets investment, this one in timber.
What’s with the New York City Subway System?
Climate change, aging cars, signals, and tunnels, plus looting by the political class and the bankers.
