The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.
Recent Items
Thursday, August 18, 2022
Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’
Topics: Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Income disparity, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:55 am | 3 Comments »
Links 8/18/2022
Topics: Links
Posted by Lambert Strether at 6:55 am | 60 Comments »
Failing CDC Chief Rochelle Walensky Makes Confession, Announces “Shake Up” via Committee When She Should Resign
Rochelle Walenksy makes an all-too-obvious gambit to save her spot at the CDC. But the very initiative proves she should resign.
Topics: Health care, Media watch, Pandemic, Regulations and regulators, Science and the scientific method
Posted by Yves Smith at 6:54 am | 20 Comments »
A Next-Level Water Crisis: Colorado River Basin Faces Tier 2 Restrictions
More on the intensifying Colorado River water crisis.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 6:50 am | 2 Comments »
Are Community Schools the Last, Best Shot at Addressing Education Inequity?
Community schools appear to be solving the long-standing education gap between the affluent and the less privileged.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy
Posted by Yves Smith at 2:27 am | 12 Comments »
2:00PM Water Cooler 8/17/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 124 Comments »
Influential Oil Company Scenarios for Combating Climate Change Don’t Actually Meet the Paris Agreement Goals, Our New Analysis Shows
How Big Oil plays data games with the Paris Agreement climate targets, already seen by many as too permissive.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 9:55 am | 14 Comments »
Links 8/17/2022
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 238 Comments »
Germany to Keep Three Nuclear Plants Going Past Old Shut-Down Date to Alleviate Energy Crunch
Germany looks a wee bit desperate as it suddendly moves to keep three nuclear reactors in producion that were set for shutdown
Topics: Economic fundamentals, Energy markets, Environment, Europe, Politics, Regulations and regulators, Russia
Posted by Yves Smith at 4:42 am | 53 Comments »
Buy and Bust: Collapse of Private Equity-Backed Rural Hospitals Mired Employees in Medical Bills
Bad enough when private equity hurts customers and communities. Here they stole from employees by defaulting on health insurance
Topics: Guest Post, Health care, Legal, Private equity, Regulations and regulators
Posted by Yves Smith at 3:45 am | 20 Comments »
Does Nature Have Rights? Victorian Polymath John Ruskin Thought So
Jeffrey Spear discusses how the insights of John Ruskin can help create a new paradigm for protecting the planet.
Topics: Environment, Free markets and their discontents, Guest Post, Permaculture, Social policy, Social values, The dismal science
Posted by Yves Smith at 3:12 am | 23 Comments »
2:00PM Water Cooler 8/16/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 118 Comments »
Stagflation: From Tragedy to Farce
Half a century after the 1970s’ stagflation, economies are contracting as prices rise again.
Topics: Guest Post
Posted by Yves Smith at 9:55 am | 32 Comments »
Links 8/16/2022
Topics: Links
Posted by Yves Smith at 6:55 am | 179 Comments »
Is Cold, Hard Cash Making a Comeback?
While cash use has been declining in many places for years, the trend may have reached its apogee. In some countries, including the UK and Spain, it even appears to be making a fragile comeback.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 45 Comments »