Category Archives: Guest Post

Bill Black: Obama & TPP – Every One That Doeth Evil Hateth the Light

President Obama wants the world to know that he takes it personally that the Democratic Party’s base opposes his latest effort to sell out the people of the world to the worst corporations through the infamous Trans-Pacific Partnership (TPP) deal.

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Immigrant Bed Mandate Ensures Guaranteed Profit for For-Profit Prison System

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 […]

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Wolf Richter: The Greek People Just Destroyed Syriza’s Strategy

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.

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More Craven Arguments Used to Sell TPP and Fast Track to Congress, With Mixed Results

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.

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Rajiv Sethi: Spoofing in an Algorithmic Ecosystem

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.

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