Saturday, April 25, 2015
Posted by Yves Smith at 6:55 am |
The Greek negotiations with the Eurogroup are exemplifying the saying, “Things look the darkest before they go completely black.”
Yet another reason to hate the TPP.
Today’s Water Cooler: Clinton scandals, dynasties, German solar, Freddie Gray, Natasha McKenna, workers as corporate gut flora, Holder vid
By David Dayen, a lapsed blogger. Follow him on Twitter @ddayen I remember a conversation several years ago in which a Democratic staffer told me that the fastest-growing airline in the United States was the private collection of planes that delivered undocumented immigrants across the country. The reason had to do with the fact that […]
Late Thursday, Comcast apparently signaled that they would abort a 14-month bid to purchase Time Warner Cable, in a deal that would have created the nation’s largest cable operator by a wide margin. The FCC was going to recommend a hearing, which is a prelude to cancellation. The spin is that there are more consolidation attempts on the way, but there’s no guarantee that they would be successful either.
Just a week after having sent a Statement of Objections (SO) in the frame of the antitrust case against Google, EU Competition Commissioner Margrethe Vestager sent yesterday an SO in the frame of the case against Gazprom. The decision to send a charge sheet against the Russian gas company came after almost three years of investigations, which have also seen EU antitrust officials raiding Gazprom offices in central and eastern European countries.
Greek stocks ventured deeper into purgatory. The ASE index dove below 700 intraday on Wednesday for the first time since the crisis days of June 2012. Then word spread that the ECB had raised the cap on the Emergency Liquidity Assistance for Greek banks by €1.5 billion to €75.5 billion. It’s the oxygen line for Greek banks. Without it, they’re toast.
Today’s Water Cooler: TPP passed by Senate Finance Committee, S.S. Clinton hits stormy seas on Russian uranium deal, Cruz’s humor, water
Topics: Water Cooler
Posted by Lambert Strether at 1:59 pm |
Topics: Guest Post
Posted by David Dayen at 3:30 am |
U.S. Trade Rep Office Helpfully Explains that Only 28 Trade Unionists Were Murdered in Colombia Last Year
I said on the last post on the TPP that there was one more thing I wanted to point out. It was ably covered by Michael McAuliff of The Huffington Post, and it reminds me of one of those famed Monty Python “letters to the editor,” written after a sketch portraying British seamen as cannibals.
Dear Sir, I am glad to hear that your studio audience disapproves of the last skit as strongly as I. As a naval officer I abhor the implication that the Royal Navy is a haven for cannibalism. It is well known that we have the problem relatively under control, and that it is the RAF who now suffer the largest casualties in this area. And what do you think the Argylls ate in Aden. Arabs? Yours etc. Captain B.J. Smethwick in a white wine sauce with shallots, mushrooms and garlic.
I don’t know what’s occurring more rapidly, Congressional votes on Trade Promotion Authority (aka fast track) or the parade of half-truths and outright falsehoods being promoted to sell it. Committees in the House and Senate held meetings Wednesday on the bill. The Senate Finance Committee markup got off to a slow start when Bernie Sanders used an obscure Senate maneuver to delay the markup.
Systems theorists, who study how organizations and systems change, offer some insight into farmers’ minimal recognition of climate change, and their lack of advocacy for climate-mitigation policy. Management scholar Connie Gersick describes systems—such as the farming sector—as being in equilibrium until fundamental factors change.
A London trader recently charged with price manipulation appears to have been using a strategy designed to trigger high-frequency trading algorithms. Whether he used an algorithm himself is beside the point: he made money because the market is dominated by computer programs responding rapidly to incoming market data, and he understood the basic logic of their structure.