Friday, July 31, 2015

2:00PM Water Cooler 7/30/15

Today’s Water Cooler: TPP *NEW* Wikileaks, mysterious fire in Malaysia, Q2 GDP, Labour’s Corbyn, MH370, Homo sapiens and Neanderthals, sleep

Gaius Publius: The Rorschach Candidacy of Hillary Clinton

What you can learn from applying the Hillary Clinton Rorschach test to friends and family!

Links 7/30/15

Jia, Jia panda links

Lies, Damned Lies, and Greek Statistics

A detailed account of the long and tortured history of budget fakery in Greece and how it is has been aggressively defended by successive Greek governments. A tidbit from the post: one section is labeled “When revising wrong statistics is treason.”

Wolf Richter: Housing Bubble Means American Dream Withers at Record Pace

Despite the current housing “buying panic,” the soaring prices, and all the hoopla round them, there is a fly in the ointment: overall homeownership is plunging.

John Helmer: Tulip Sanctions – Russia Busts the Dutch Flower Trust, Almost

The Dutch flower market is a monopolist under assault. A case study of an economic and political struggle.

Mark Ames of Pando Interviews Your Humble Blogger on Greece

I hope you’ll enjoy this interview with Mark Ames: Naked Capitalism: “We are in the business of making trouble.”

2:00PM Water Cooler 7/29/15

Today’s Water Cooler: TPP in Maui (watch Malaysia), home sales iffy, bnd worries, Cincinnati shooting video, imperial collapse watch, fear

How Big Corporations Are Starving Public Schools of Billions of Dollars

How big corporate tax avoidance hurts local schools.

Links 7/29/15

3_donkeys links

Private Equity Shills Resort to Ludicrous Arguments to Try to Deflect “Carry Fee” Reporting Scandal

The scandal over CalPERS’ failure to track “carry fees” has the industry worried enough that it is offering up ludicrous rationalizations.

The Balance of Power in the Middle East Just Changed, U.S.-Iranian Relations Emerge from a 30-Year Cold War

Don’t sweat the details of the US/Iran nuclear accord. What matters is that the calculus of power in the Middle East just changed, big time.

China’s Stock Market Falling Off a Cliff: Why, and Why Care?

What explains the turmoil in Chinese stock markets, and what does it mean for the rest of the world?

2:00PM Water Cooler 7/28/15

Today’s Water Cooler: TPP (enforcement and slavery), Clinton on the environment, Republican debates, stats, Pluto’s glaciers, women who code

More on the IT Implications of a Grexit

Why it will probably take no less than three years to do the IT implementation related to a Grexit.