Fourth Anniversary of Gulf Oil Spill: Wildlife Is Still Suffering from Toxic Cover Up
BP and the Government Decided to Temporarily Hide the Oil by Sinking It with Toxic Chemicals … The Gulf Ecosystem Is Now Paying the Price
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Links 4/13/14
University of Southern Maine, Facing Organized Opposition from Students and Faculty, Rescinds Proposed Cuts
By Lambert Strether of Corrente. Good news, which I hope travels fast to other universities. Maine Sunday Telegram: University of Southern Maine President Theodora Kalikow on Friday rescinded the 12 faculty layoffs that had prompted weeks of protests, saying she’s open to alternative plans for finding up to $14 million in cuts. (I know! I […]
Read more...Wolf Richter: “It’s Not a Bubble,” Retail Investors Are Told As The Smart Money Bails Out
Even as insiders bail, brokers assure retail investors there’s nothing to worry about.
Read more...Gaius Publius: Climate Scientist Michael Mann – If We Don’t Stop Now, We’ll Surpass 2°C Global Warming
When will the global warming process, and all the damage it does, get out of control?
Read more...Cathy O’Neil: Let’s Stop Talking About HFT for a Little While
Why the brouhaha about HFT distracts attention from much bigger Wall Street abuses.
Read more...Wolf Richter: Biggest Credit Bubble in History Flashes Warning – ‘Seek Cover’
Wolf Richter and Gillian Tett worry about evidence of credit mania in the US.
Read more...Obamacare’s Surrealpolitik
Welcome to the world of surrealpolitik, where anything you assert to be true is true, notwithstanding the factual evidence.
Read more...Matt Stoller: How Uber Creates an Algorithmic Monopoly to Extract Rents
We are not setting the price. The market is setting the price. We have algorithms to determine what that market is.<
Read more...Wolf Richter: America’s Structural Unemployment Crisis in Two Charts
The enormous number of people who work only part-time for economic reasons is one the tragedies of the unemployment crisis in this country. And that started before the financial crisis.
Read more...All in the Family: Tunisia as a Case Study in State Capture, aka Kleptocracy
If kleptocracy is a disease, Tunisia is in Stage 4. Its ruling family that controlled an impressive swathe of the economy. But what is sobering about the Tunisian case study is that an overthrow of the government has done little to reverse the concentration of wealth and power. Is that because Tunisia was so far gone, or is this native to kleptocracy, that once it becomes established, it is difficult to extirpate?
Read more...Links 4/9/14
Reserve Currency: Is the Yuan Tearing Down the US Dollar?
40 central banks have invested in yuan. Should the US be worried?
Read more...Predatory Equity: How Private Equity Came to New York’s Rental Market
Private equity firms have been hoovering up houses all over the US to convert into rentals. But they were active in the New York City rental market before their big buying spree, and that experience gives a window on how they are likely to behave as landlords.
Read more...Philip Pilkington: What Constitutes a Money Crank?
By Philip Pilkington, a writer and research assistant at Kingston University in London. You can follow him on Twitter @pilkingtonphil. Originally published at Fixing the Economists I’ve been asking myself that question rather a lot in the past two weeks. This is because I have had two separate commissions for pieces of writing that require […]
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