A missive from Bill Black to Senator McCain.
Recent Items
Thursday, August 7, 2025
Bill Black: Fair Seas and Following Wind John McCain
Topics: Banking industry, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 9:35 pm | 56 Comments »
Announcing Birmingham Meetup for Next Wednesday, May 23
Announcing our meetup in Birminingham next week.
Topics: Notices
Posted by Yves Smith at 8:12 pm | 4 Comments »
Do Not Even Consider Using the Voice Over Internet Service Vonage
Vonage deserves to die as a business for what they have put me through.
Topics: Notices, Technology and innovation
Posted by Yves Smith at 5:08 pm | 55 Comments »
2:00PM Water Cooler 5/15/2018
Today’s Water Cooler: China trade negotiations, Joe Biden, Democrat messaging, retail sales, inventories, manufacturing, Apple, Uber, Tesla, defense industry, “weather event attribution,” optimization, robots, Hawking’s funeral
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 202 Comments »
Official Unemployment Is at 3.9%? Economist Robert Pollin Says It Is More Like 12%
Why the headline unemployment numbers give a wildly rosy picture of the state of US labor markets.
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Market inefficiencies, The destruction of the middle class
Posted by Yves Smith at 9:56 am | 44 Comments »
Back to the Future with Empire Oil
A network of oil companies arond Mayfair, but registered in Britain’s offshore tax-haven network, provides a snapshot of the new imperialism.
Topics: Africa, Banana republic, Energy markets, Globalization, Guest Post, UK
Posted by Yves Smith at 9:55 am | 2 Comments »
Links 5/15/18
Topics: Links
Posted by Yves Smith at 6:55 am | 130 Comments »
Corbyn Backs Hard Brexit
Jeremy Corbyn links arms with Theresa May on Brexit.
Topics: Brexit, Doomsday scenarios, Europe, Free markets and their discontents, Politics, UK
Posted by Yves Smith at 6:54 am | 145 Comments »
CalPERS Chief Investment Officer Ted Eliopoulos to Leave at Year End; Investment Office Adrift Due to Senior Level Vacancies
Why the departure of Ted Eliopoulos from CalPERS could wind up being the end of an era.
Topics: CalPERS, Hedge funds, Investment management, Politics, Private equity
Posted by Yves Smith at 5:28 am | 9 Comments »
Update: CalPERS Chief Financial Officer Charles Asubonten Now Not Presenting at Board Meeting Today
A bit of evidence suggests that Charles Asubonten may be on his way out of CalPERS.
Topics: CalPERS, Legal, Regulations and regulators
Posted by Yves Smith at 5:23 am | 8 Comments »
Worksheet for the 2018 Midterms (First Ripples of “The Wave”?)
First signs of a wave election.
Topics: Politics
Posted by Lambert Strether at 4:00 pm | 38 Comments »
2:00PM Water Cooler 5/14/2018
Today’s Water Cooler: Open Thread
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 75 Comments »
Links 5/14/18
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 146 Comments »
Cryptocurrencies’ Challenge to Central Banks
The risks of introducing a central bank digital currency are high while the efficiency gains do not seem large. A more efficient system can be achieved via innovation in current payment infrastructure.
Topics: Banking industry, Currencies, Guest Post, Macroeconomic policy, Payment system
Posted by Lambert Strether at 6:50 am | 9 Comments »
Trump Willing to Give a China a Break on Sanctions Against ZTE Electronics. What Gives?
Trump again does what he seems to do best, the unexpected, with a Sunday tweet offering a break to sanctioned Chinese electronics maker ZTE. How does this fit into the US-China trade spat?
Topics: China, Globalization, Politics, The destruction of the middle class
Posted by Yves Smith at 4:20 am | 46 Comments »