The strong case against independent central banks Mainly Macro
Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street Reuters. “Ranking representatives Maxine Waters of the House Financial Services Committee and Al Green of the Subcommittee on Oversight and Investigations asked the Government Accountability Office on Oct. 8 to launch a probe of ‘regulatory capture’ and to focus on the New York Fed.”
Whistleblower Delivers A Triple Whammy To Olympus; More Companies Might Get Hit Forbes. AF: “To non-US bad actors who don’t have friends in high places…. Contrast this with what happens to banksters benefiting from the revolving door and political connections at the highest level.”
As Delong Says, Brookings Is Wrong On The Productivity Slowdown Forbes. “[G]lobally we have Facebook marked down as providing some $18 billion of economic value, that should then translate into perhaps $36 billion of consumer surplus which is the true measure of how we’ll we’re doing as humans. And yet that’s obviously ridiculous: something that 1 billion people do for an average 20 minutes a day simply cannot be valued at such a low number. ”
Donald Trump’s Policies Are Not Anathema to U.S. Mainstream, but an Uncomfortable Reflection of It The Intercept (Re Silc).
Trump’s Triumphs Demolish Netanyahu’s Fortress GOP Strategy Haaretz. So the neocons think they’ll do better with Clinton….
Trump kills GOP autopsy Politico
Trade, Trump, and Downward Class Warfare Washington Monthly (Re Silc).
The local faces of Trump’s army Philadelphia Inquirer
Chickens, Home to Roost MoDo, NYT
Mahoning Co. sees 1K Dems defect to GOP The Vindicator. Youngstown, Ohio. Note that Youngstown, besides being a sacrifice zone for deindustrialization, was also hit hard by foreclosure (Tim Ryan represents Youngstown in the House).
The Bogus Power of the Black Vote Within the Confines of the Democratic Party Black Agenda Report
Study: Bernie Sanders’s tax hikes are bigger than Donald Trump’s tax cuts Vox. I guess “redistributive'” is too long to fit in a headline? There’s such a fine line between explaining and framing….
The Clinton Email Bernie Sanders Should Bring Up in Sunday’s Debate The Nation. I can’t help but think that major fractions of the Hispanic vote might be concerned over Clinton’s role in both Honduras and Colombia (the subject of this article).
Campaign watch: Colbert King doesn’t want to generalize! The Daily Howler. For those who came in late, the Howler invented the blogosphere’s “media critique” — starting with the role of the press in 2000’s Bush v. Gore campaign. I can’t imagine why his head hasn’t exploded.
Trump or Clinton: Who’s Better for Investors? Barron’s. “Why Republicans will likely hold their noses and vote for Hillary in the 2016 presidential election.”
Sanders is Right, the US Needs a Healthcare System More Like Those in Europe EconoMonitor. Thorough demolition of the crapola being peddled on single payer by soi disant progressives like Operative K, et al.
All Payor Claims Databases: ERISA Pre-emption and the Tragedy of the Commons Modern Health Care
Meet the ‘rented white coats’ who defend toxic chemicals Center for Public Integrity
New Fences on the Old Continent: Refugee Crisis Pushes Europe to the Brink Der Speigel (Re Silc).
Surprise! The EU Just Admitted That Ukraine Will Never Be a Member State Russia Insider (CL).
In New Economic Plan, China Bets That Hard Choices Can Be Avoided NYT. If “hard choices” means in China what it does in the US, the peasants would be screwed.
China’s economy will ‘absolutely not’ experience hard landing: state planner Reuters. Good to know.
Death and Despair in China’s Rustbelt Bloomberg
What Percent Are You? Wall Street Journal
One-to-One Duke University
At the Milk Bar n+1
Learn Different The New Yorker. Have a bag handy.
The Greek tragedy of the billionaire who fracked up Pa. Will Bunch, Philadelphia Daily News
Antidote du jour (Chet G):
Chet writes: “An American coot (big feet!!!) being released to a pond at Bald Eagle State Park.”