Friday , July 30 2021
Home / Tag Archives: Economic fundamentals

Tag Archives: Economic fundamentals

CDC Reversal on Masks, Vaccinated as Covid Spreaders, While Boosters Look to Be Coming Late and Not Hugely Effective

The Covid situation has developed not necessarily to the CDC’s advantage. Let us count some of the ways before we turn to a new failure in the making, the vaccine boosters. The CDC and the WHO were late to take Covid seriously despite China having to build new facilities on an emergency basis to house the afflicted and implementing hard shutdown on 70% of its economy. Part of that was discouraging the public from masking (even making home-made face covers), later justified as a Noble Lie to...

Read More »

Tom Englelhardt: Our Empire in Decline

Yves here. Tom Engelhardt gives an overview of America’s seemingly nonsensical foreign policies starting with its response to 9/11. As we and others on the site have pointed out regularly, the only beneficiaries of nation-breaking masquerading as empire-building were arms merchants. However, Engelhardt is clearly at a loss as to what this campaign was about. The almost-immediate focus on Iraq looked to have been about its oil. Iraq at the time had the second largest proven reserves in the...

Read More »

Haiti Ruling Families Create and Kill Monsters

Yves here. Lambert has been seeking reader input and links on the uprisings taking place in many parts of the world, including Haiti, Cuba, and South Africa. This interview by Paul Jay with Jafrik Ayiti sheds light on the backstory in Haiti. Podcast: Play in new window | Download (Duration: 46:57 — 64.6MB) Subscribe Apple Podcasts | Spotify | Android | iHeartRadio | Stitcher | Blubrry | Email | TuneIn | Deezer | RSS The Haitian oligarchy collude with the U.S., Canada, foreign corporations...

Read More »

Biden Targets Non-Compete Agreements, Which Restrict the Job Opportunities of Millions of Low-Wage Workers

Yves here. While Biden noticing that non-compete agreements are an economy-constraining employer abuse is a step forward, it’s not clear that his Administration intends to do anything more than hand wave, even though the practice has become ludicrously common. Recall that the excuse for non-compete clauses is that an employee might walk off with valuable know-how that helps someone else in their industry. But now these provisions have become common even for low level workers whose jobs are so...

Read More »

The Conflict Within OPEC Is Far From Over

Yves here. Now that inflation prospects are a big concern among investors and economic commentators, oil prices and therefore OPEC squabbles are in focus too. Recall that in 2008, many experts contend that the runup in commodity prices, and in particular gas rising to over $4 at the pump, helped push overleveraged consumers over the edge. While oil prices are no where near as elevated, they are still up a great deal from their Covid-suppressed levels. That’s enough to stress consumers and...

Read More »

Consumer Inflation Rises…Will It Draw the Fed’s Attention?

Yves here. The fact that the rise in headline inflation is largely due to car prices and gas is striking. By NewDealdemocrat. Originally published at Angry Bear Let me start my take on this month’s inflation report with my concluding remarks last month: “this is not a big deal if it only lasts another month or two. But if the trend continues longer than that, it will begin to impact consumer spending, and it will get the Fed’s attention.” Well, it has definitely lasted another month. In...

Read More »

Bureau of Labor Statistics (Non) Reporting Tallies 8 Strikes in 2020 Versus Payday Report’s >1200

Yves here. It’s gratifying to see Mike Elk of Payday Report get some long overdue recognition. For those of you who have somehow managed not to hear of Payday Report despite this site linking to it regularly, Elk covers an important but not surprisingly neglected beat. Payday Report’s mission is “Covering labor in news deserts.” Elk has kept at his project despite running what can only be described as an extreme shoestring operation. Sadly Payday report is in constant fundraising mode due to...

Read More »

Industry Calls the Climate Shots in the Biden Administration

Yves here. So what Biden promise did you choose to believe? “Nothing fundamental will change” which means among other things continuing Obama Administration headfakes like promoting environmentally destructive fracking and engaging in hand waves like joining the toothless Paris climate accords in the waning days of his second term? Or feel good campaign blather? It’s not hard to guess which pledge was the one that mattered. By Thomas Neuburger. Originally published at God’s Spies Don’t miss...

Read More »

Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group

Yves here. Michael Hudson called this interview a summary of his overall economic philosophy, so I hope you will enjoy it. Needless to say, it also covers a lot of ground. One point where I hate to quibble is his call for 100% reserve backed banks. This is a very old idea, called narrow banking, advocated during the Great Depression by Yale economist Irving Fisher, infamous for declaring stocks at a permanently high plateau right before for 1929 crash. Fisher redeemed himself by identifying...

Read More »

Wall Street Journal Fingers Columbia as Leader in Grad Students Whose Student Debt Leaves Them ‘Financially Hobbled for Life’

The Wall Street Journal has done a terrific job of reporting in a new article, ‘Financially Hobbled for Life’: The Elite Master’s Degrees That Don’t Pay Off. Even though it discusses a general phenomenon, that of too many students of modest means acquiring student-debt-funded graduate degrees where the prospects of the borrowers paying off their obligations is practically nil. The Journal documents that Columbia is the outlier, both in the ratio of “untenable if you don’t have rich parents...

Read More »