ur nation’s tax code reflects our corrupt politics. The code contains many provisions that benefit our wealthiest, most powerful companies and people while hurting the rest of us.
- Abigail Field: Our Corrupt Tax Code - 04/20/2014 - Yves Smith
- Paul Krugman Discusses Piketty’s Capital and the Rise of Inherited Wealth on Bill Moyers - 04/20/2014 - Yves Smith
- Links 4/19/14 - 04/19/2014 - Yves Smith
- Please Join Us at Our NYC Meetup Next Friday, April 25 - 04/19/2014 - Yves Smith
- Yanis Varoufakis on the “Success” of Greece’s Bond Sale - 04/19/2014 - Yves Smith
Sunday, April 20, 2014
Paul Krugman discusses Thomas Piketty’s new book, Capital in the Twenty-First Century, on Bill Moyers’ show.
Posted by Yves Smith at 3:14 am |
I hope readers in New York will be able to join us at an informal gathering next Friday, April 25, from 5 PM to 8 PM.
Posted by Yves Smith at 1:26 am |
Yves here. The RT show Boom/Bust has an informative conversation with Yanis Varoufakis on the conundrum of the recent successful Greece bond offering.
Some of the favored children of the economic elite who have a public presence, work hard in their writing and speaking to divert attention from inequality and oligarchy issues by raising the issue of competition between seniors and millennials for “scarce” Federal funds.
Posted by Yves Smith at 4:14 am |
Former SEC enforcement lawyer James Kidney discusses the agency’s shortcomings and suggests reforms.
Yves here. This post summarizes a paper that argues that derivatives, specifically credit default swaps, exacerbated the severity of the European sovereign debt tsuris. This sort of analysis deserves a wider audience, precisely because the prejudice of both neoclassical and neoliberal economists is that markets are ever and always virtuous, and that prices are never wrong unless someone is interfering (with labor unions the preferred bad example).
Law Professor Adam Levitin argued that we peons should make counterclaims against General Mills’ overreaching arbitration policy.
In this Real News Network report, Michael Hudson discusses the news blackout in the US as far as critical developments in the Ukraine are concerned, and how the distortions and gaps in reporting exceed those in the runup to the Iraq War.
To enable it to continue to engage in misleading labeling and advertising, General Mills claims that anyone who buys its products or even merely is dumb enough to like it on Facebook has consented to arbitration.
Quelle Surprise! Ginnie Mae Says Bank of America Has Lots of Servicing Documents Missing; MERS Also in Hot Water
An article by Kate Berry in American Banker earlier this week hasn’t gotten the attention it deserves. Anyone who was paying attention to the mortgage beat in 2010 through 2012 knew that mortgage securitization originators and servicers were playing fast and loose with critical documents like mortgage notes because they couldn’t be bothered to observe […]
Yves here. This post points out how parochial Corporate America has become in its looting. Look at how some not-very-large changes in approach would leave those fat cats much better off! And they wouldn’t be so terrible for the rest of us either.