Wednesday, May 25, 2016

How the “Maximize Shareholder Value” Myth Weakens Companies and Economic Systems

A multi-level, biological perspective on business shows how simple-minded ideas like “maximize shareholder value” and tolerating predators aredestructive.

Economics for the Rest of Us Explains NAIRU, Including Its Political Implications

An explanation of NAIRU for novices, as well as a discussion of its politics.

Links 5/21/16

lemurs riding links

Why US Cities Are Segregated by Race: New Evidence on the Role of ‘White Flight’

Segregation started earlier in the US than most studies assume.

How the Democratic Party Became Undemocratic: The History of the Superdelagates

The origin of how the Democratic party made sure its elites remained firmly in charge.

2:00PM Water Cooler 5/20/2016

Today’s Water Cooler: USITC TPP study, Nevada debacle, Sanders v. Clinton, retail woes, shipping, greed, diet, Buddhist economics, co-living

Bogus Defenses of Tax-Dodging Corporate Inversions

How corporate executives mislead the public about the economic effects of inversions and other tax strategies that book profits overseas.

Links 5/20/16

silky anteater links

The New Abnormal: “Disequilibrium Flirting with Deflationary Depression”

The New Abnormal: a period of profound disequilibrium as the aftershocks of the Crisis collide with and complicate structural changes.

Sanders and Class Struggle in the Democratic Party

Sanders versus Democratic Party’s institutionalized corruption and domination by billionaires.

Wolf Richter: Business Loan Delinquencies Spike to Lehman Moment Level

While consumer credit card and mortgage delinquencies are tame, business loan delinquencies have taken a big turn for the worse.

2:00PM Water Cooler 5/19/2016

Today’s Water Cooler: TPP and public services, Democrat convention, Clinton email, jobless claims, rate hike, homes, Monsanto, online privacy

Quelle Surprise! US Big Business Prefers Clinton to Trump by 2:1 Margin

Major corporations generally prefer a former Goldwater Girl to the transgressive Trump. But will they spend enough backing her to make a difference?

Links 5/19/16

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Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It

Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.