Major Danny Sjursen chronicles the sorry history of Congress ceding its check on war-making powers.
Recent Items
Saturday, February 7, 2026
Congress Offers Bipartisan Blank Warmaking Check to Donald Trump
Topics: Guest Post, Middle East, Politics
Posted by Yves Smith at 12:44 am | 10 Comments »
2:00PM Water Cooler 5/3/2018
Today’s Water Cooler: DCCC delenda est, midterms, the press and the spies, norms, productivity, factory orders, Elon Musk, portable nukes, mesh networks, the workplace
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 86 Comments »
The Real Driver of Rising Inequality
Wage suppression—not monopoly power—is fueling corporate profits and the relentless rise in inequality.
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 19 Comments »
Links 5/3/18
Topics: Links
Posted by Yves Smith at 6:59 am | 224 Comments »
New Report: Most State Pension Funds, Including CalPERS, Lag 60/40 Investment Mix at Higher Cost, Resulting in Even Higher Shortfalls
Yet another stunning indictment of public pension fund management. If the biggest funds with the best staffs can’t beat a simple Vanguard portfolio, why aren’t more heads rolling?
Topics: CalPERS, Dubious statistics, Hedge funds, Investment management, Private equity
Posted by Yves Smith at 6:58 am | 17 Comments »
#TSBFail: MPs Barely Lay a Glove on CEO Pester, Who Discredits Himself All on His Own
Even with a mere wet-noodle lashing by MPs, TSB came off pretty badly in Parliament.
Topics: Banking industry, Doomsday scenarios, Regulations and regulators, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 6:25 am | 36 Comments »
The Revenge Against the Commons
Why France’s biggest police operation since May 1968 is prepared to kill for Macron to roust a 4000 acre commons.
Topics: Europe, Free markets and their discontents, Guest Post, Social policy, Social values
Posted by Yves Smith at 4:42 am | 36 Comments »
2:00PM Water Cooler 5/2/2018
Today’s Water Cooler: China trade, Jobs Gaurantee, Pelosi, May primaries, Fletcher v. Moser, employment, lost bank data, Apple results, Elon Musk, loneliness, Arizona teachers, Jupyter
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 117 Comments »
China’s Bid To Assist Assad In Syrian Reconstruction Is About Security and Profit
China sees a nation-building opportunity in Syria that the US won’t consider.
Topics: China, Economic fundamentals, Guest Post, Infrastructure, Middle East
Posted by Yves Smith at 9:55 am | 39 Comments »
Links 5/2/18
Topics: Links
Posted by Yves Smith at 6:55 am | 172 Comments »
Why Capitalism Creates Racism
Why separating racism from capitalist exploitation of low-wage workers isn’t as tidy as the Democratic Party would have you believe.
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 6:54 am | 65 Comments »
California Supreme Court Ruling Delivers Big Blow to Gig Economy Companies
Many gig economy firms will have to classify a big swathe of their workers as employees or radically change their business models.
Topics: Free markets and their discontents, Income disparity, Legal, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 6:53 am | 32 Comments »
The US Teachers Strike in Historical Perspective
Past strike waves offer clues to the possible regeneration of the American labor movement.
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 5:07 am | 20 Comments »
2:00PM Water Cooler 5/1/2018
Today’s Water Cooler: Tariff delay, Kamala Harris, “the wave,” Clintons offer “access to the family,” manufacturing, TSB woes, tax cuts, Tesla, pipelines, the IRS, Spinal Tap
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 82 Comments »
Worksheet for the 2018 Midterms (“The Wave”; the DCCC)
No sign of “the wave” yet.
Topics: Politics
Posted by Lambert Strether at 12:55 pm | 26 Comments »


