Saturday, July 4, 2015

Links 7/4/15

Why Don’t Americans Take More Vacations? Blame It on Independence Day

On Independence Day’s roots as an “Americanization” propaganda project to increase acceptance of immigrants who competed with native-born workers.

Old Economic Thinking is the Problem, Says BIS

The BIS shellacks Bernanke’s savings glut hypothesis and stresses that financial fragility is still a big risk.

2:00PM Water Cooler 7/3/15

Today’s Water Cooler: All Grexit all the time! Sanders fundraising, Clinton sycophants, labor force participation, social media and democracy

Links 7/3/15

Sacramento Bee Reports on CalPERS’ Fee Lapses

CalPERS is in even more hot water as the influential Sacramento Bee raises its eyebrows about CalPERS’ lack of attentiveness about fees.

Proof that Fraud is the Biggest Business in America

Fraud is an even bigger force in the US economy than you imagined.

Elizabeth Warren Reams Private Accreditor Who Certified Corinthian College Up to Its End

Elizabeth Warren confronts a more-pathological-than-usual industry shill in the form of a college accreditor. He denies that there was ever a problem with Corinthian or his organization’s processes.

2:00PM Water Cooler 7/2/15

Today’s Water Cooler: All Grexit, all the time! Sanders crowds, Clinton corruption, jobless stats, the Veiled Prophet, popless bubble wrap

The Washington Consensus and Long-Term Austerity in Latin America

Most Latin American countries—including those, like Chile and Brazil, where democratically elected leftist governments were overthrown in the 1960s and 1970s. reversed course to adopt “neoliberal” economic policies. How well did that work?

Links 7/2/15

orangutan links

CalPERS Scrambles to Get Private Equity Carry Fee Info After We Break Story That They Had No Clue What They Were Paying

CalPERS takes some steps to clean its private equity house by getting carry fee information, but only by virtue of feeling serious external pressure. And the way it responded show that the rot runs deep.

Bill Clinton, Paid to Speak to Biotech Conference, Extolled $1000 Pill to Prevent “Liver Rot,” Despite Lack of Evidence that It Does

What won’t the Clintons do if the price tag is high enough? Now Bill is playing drug detailman.

Oil Faces Steep Downside Risk From China’s Stock Market

A drop in demand from China was one of the big causes of the oil price plunge in 2008. How do stock prices play into current demand weakness?

2:00PM Water Cooler 7/1/15

Today’s Water Cooler: TPP IP chapter leaked, Bernie as no bullshit oldster, Clinton Mail, stats, stats, stats, the 420, getting to the gym