More on “American hates the poors”: companies face hardly any downside in cheating on disgracefully low minimum wages.
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Friday, April 19, 2024
US Firms Have Little Financial Incentive to Comply with the Minimum Wage
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Legal, Politics, Regulations and regulators, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | No Comments »
Links 4/19/2024
Topics: Links
Posted by Yves Smith at 6:59 am | 60 Comments »
Fog of Escalation: Israel Strike on Iran Sort-of Open Thread
The US says Israel hit Iran…..and Iran says the strike was from drones fired within its borders which it shot down. Not at all a clear picture.
Topics: Doomsday scenarios, Middle East, Politics
Posted by Yves Smith at 6:54 am | 31 Comments »
Argentina Applies to Become a NATO “Global Partner” As Long-Time US Client State, Colombia, Eyes BRICS Membership
When it comes to foreign policy, Argentina’s Javier Milei government appears to have only one guiding principle: to align itself as closely as possible with the US and Israel, whatever the cost.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 3 Comments »
Medicare’s Push To Improve Chronic Care Attracts Businesses, but Not Many Doctors
A Medicare scheme to lower costs of chronic care patients gets a thumbs down from most MDs, perhaps because it was designed for middlemen?
Topics: Guest Post, Health care, Regulations and regulators
Posted by Yves Smith at 6:04 am | 3 Comments »
2:00PM Water Cooler 4/18/2024
~ Today’s Water Cooler: Politics, pandemics ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 84 Comments »
Citizenship: Concept and Consequences
On different notions of citizenship and their implications.
Topics: Globalization, Guest Post, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 9:55 am | 24 Comments »
Links 4/18/2024
Topics: Links
Posted by Lambert Strether at 6:55 am | 165 Comments »
Standard Chartered Says Peak Oil Demand Is Not Imminent
The much predicted peak oil is running behind schedule, to the detriment of the planet.
Topics: Doomsday scenarios, Dubious statistics, Energy markets, Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 6:31 am | 16 Comments »
Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High
The US housing market is stalled, yet Biden fans insist that, economy-wise, we live in the best of all possible worlds.
Topics: Banking industry, Credit markets, Economic fundamentals, Guest Post, Real estate
Posted by Yves Smith at 4:44 am | 68 Comments »
Hoisted from Comments: The Colonialist and Anti-Semitic Origins of Modern Israel
Some observations about why modern Israel backs genocide, and why the US and Europe supported its creation.
Topics: Europe, Guest Post, Middle East, Politics, Social policy, Social values
Posted by Yves Smith at 3:00 am | 121 Comments »
2:00PM Water Cooler 4/17/2024
~Today’s Water Cooler: Politics, pandemics, Mayorkas impeachment, Tesla stops delivery of those stupid-looking trucks, wastewater testing expands its scope ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 45 Comments »
Middle East Escalation: Financial Times’ Revealing Account of Israel Risk of Ukraine-Style Air Defense Attrition; Helmer on Possible Electrical Grid Campaign
US mixed messages continue: trying to check Israel’s suicidal conduct while providing military support. So what might happen next?
Topics: Doomsday scenarios, Economic fundamentals, Media watch, Politics, Russia
Posted by Yves Smith at 9:55 am | 61 Comments »
Links 4/17/2024
Topics: Links
Posted by Lambert Strether at 6:55 am | 166 Comments »
Can a New German Party Steer the European Left in a More Effective Direction?
Sahra Wagenknecht shook up the German political establishment with the January launch of her new left-populist political party. She’s now looking to do the same in the European Parliament.
Topics: Energy markets, Europe, Free markets and their discontents, Guest Post, Politics, Russia, Social policy
Posted by Conor Gallagher at 6:00 am | 33 Comments »