Wednesday, January 18, 2017

2:00PM Water Cooler 1/18/2017

Today’s Water Cooler: Chelsea Manning, Trump inaugural, Chait’s book, industrial production, copper, Brexit, unicorns, tomatoes, Davos man

Baby Boomers Retirement Begins To Drain Cash in the US

Baby boomers must start retirement account withdrawals at age 70 1/2 and some do earlier of necessity. Will that affect markets?

Links 1/18/17

How Experts Enable Corruption: The Role of Conflicted Lawyers at CalPERS and Other Public Pension Funds

As Trump is about to be sworn in, the press and pundits are agog about his and his fellow Cabinet members’ deep and extensive conflicts of interest, and how dangerous they is for democracy.1 But the hue and cry about conflicts of interest is late in coming. They’ve been tolerated more and more over time […]

John Helmer: Parsing the Dossier on Trump’s Alleged Russian Bedroom Antics

A close reading of the “golden showers” dossier, including sources, methods, and reported payments for information.

Gaius Publius: How Police Use Military Technology to Secretly and Persistently Track You

How police are using military technology to spy on you even better.

2:00PM Water Cooler 1/17/2017

Today’s Water Cooler: Nina Turner, dodgy dossier, Trump nightmare, new Brock grift, retail, political risk, pests in New Zealand, Zuckerberg

Finance and Growth: The Direction of Causality

Too much finance is highly correlated with slower growth. But which comes first?

Links 1/17/17

Bill Black: Obama Loved Austerity and the New Democrats Remain Addicted to It

Black blasts Obama for prescribing austerity and presenting it as good for Americans when it is good only for financiers and the rich.

The California Drought Is on Its Way Out, but Deeper Droughts Lie Ahead

California regularly leads national trends. Water scarcity is a prime example.

A Tale of Two Countries: Nigeria and the U.S.

How the US and Nigeria wound up with increasingly similar systems, such as centralized, presidential-focused politics.

Helicopter Money: Loved, Not Spent

Another monetarist myth bites the dust. Consumers overwhelmingly say they would not spend helicopter money.

Links 1/16/17

Marcy Wheeler: On “Fake News”

If “fake news” is a problem, then it’s a condemnation of the marketplace of ideas largely created by the US.