Why a Morningstar report on Uber’s IPO prospects does not begin to add up.
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Saturday, February 7, 2026
Hubert Horan: Can Uber Ever Deliver? Part Sixteen: Is Morningstar’s Horrendously Bad Uber Analysis a Preview of Uber’s IPO Propsectus?
Topics: Guest Post, Regulations and regulators, Ridiculously obvious scams, Technology and innovation, Uber
Posted by Yves Smith at 3:56 am | 54 Comments »
CalPERS to End Direct Investments and Separately Managed Accounts, Limit Co-Investment as CIO Whinges About Difficulty of Putting Money to Work
CalPERS is about to take another great leap backwards in private equity.
Topics: CalPERS, Investment management, Private equity
Posted by Yves Smith at 3:55 am | 10 Comments »
The Enemy Between Us: How Inequality Erodes Our Mental Health
Inequality creates the social and political divisions that isolate us from each other.
Topics: Free markets and their discontents, Guest Post, Income disparity, Social values, The destruction of the middle class
Posted by Yves Smith at 2:00 am | 40 Comments »
Ninth Circuit Orders EPA to Ban Chlorpyrifos Pesticide
Ninth Circuit orders EPA to implement a long overdue ban of chlorpyrifos, a pesticide linked to developmental delays in children and nervous system damage to people and animals exposed. Court previously had to order Obama EPA in 2015 to act on the issue; it’s unclear whether this decision will survive appeal.
Topics: Banana republic, Environment, Guest Post, Legal, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 9:55 am | 25 Comments »
Links 8/12/18
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 235 Comments »
Amidst Rising Heat Waves, UN Says Cooling is a Human Right, Not a Luxury
The rising heat waves in the world’s middle income and poorer nations are threatening the health and prosperity of about 1.1 billion people, including 470 million in rural areas without access to safe food and medicines, and 630 million in hotter, poor urban slums, with little or no cooling to protect them.
Topics: Doomsday scenarios, Global warming, Guest Post, Politics
Posted by Jerri-Lynn Scofield at 5:25 am | 44 Comments »
Links 8/11/18
Topics: Links
Posted by Yves Smith at 6:55 am | 260 Comments »
ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
The Turkish lira’s swan dive is causing all sorts of collateral damage.
Topics: Banking industry, Currencies, Doomsday scenarios, Europe, Politics, Ridiculously obvious scams
Posted by Yves Smith at 4:12 am | 28 Comments »
Gaius Publius: Why Is Thomas Frank Puzzled?
Is Thomas Frank really puzzled about the feckless Dems? Or is he still hoping they might change their stripes?
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Social values
Posted by Yves Smith at 1:25 am | 115 Comments »
2:00PM Water Cooler 8/10/2018
Today’s Water Cooler: NAFTA, tariffs and fish, China trade, Avenatti 2020, midterms, consumer prices, oil, Mr. Market, the press and intelligence, heat, habits, the mind
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 176 Comments »
Puerto Rico: 1427 Hurricane Maria Deaths
Government of Puerto Rico presents report to Congress acknowledging 1427 Hurricane Maria details– more than twenty times the previous estimate it had given. Meanwhile, prospects for meaningful debt relief remain slight.
Topics: Banana republic, Doomsday scenarios, Global warming, Guest Post, Income disparity, Infrastructure, Politics, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 9:55 am | 10 Comments »
Links 8/10/18
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 211 Comments »
73 Years After Atomic Bombing of Japan: Nuclear Threat More Immediate Than Ever
In this Real News Network interview, conducted to commemorate the 73rd anniversary of the second atomic bomb drop on Nagasaki, historian Peter Kuznick reflects on how the nuclear threat is more immediate now than at any other time since the 1950s.
Topics: Doomsday scenarios, Guest Post, Japan, Politics, Russia
Posted by Jerri-Lynn Scofield at 4:55 am | 24 Comments »
Empires, Past and Present
Which countries fit criteria that would lead them to be classified as empires?
Topics: Globalization, Guest Post, Income disparity, The dismal science
Posted by Yves Smith at 1:52 am | 49 Comments »
When Social Policy Saves Lives: Analyzing Trends in Mortality Inequality in the US and France
Mortality data from France makes a strong case for single payer.
Topics: Guest Post, Health care, Income disparity
Posted by Yves Smith at 1:38 am | 2 Comments »



