Saturday, April 30, 2016

Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall

Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.

2:00PM Water Cooler 4/27/2016

Today’s Water Cooler: TTIP losing steam, Clinton and Trump, Sanders onward, helicopter money, vile Medicaid, security robot, star explosion

Structural Reforms Are Not the Answer – Expansionary Fiscal Policy Is

Debunking the idea, widely touted by economists, that “structural reforms,” as in crushing labor bargaining power, is the path to prosperity.

Links 4/27/16

Wood ducks links

Should Banks Be Worried About Apple Pay?

Will Apple Pay eat retail payment systems?

How Bill Gates and His Billionaire Allies Used Their Wealth to Launch Charter Schools in Washington State

The Gates charter school push as a case study in the Trojan Horse of “charitable plutocracy”.

Tom Engelhardt: Donald Trump – Campaigning on America’s Decline

Trump’s campaign is proof of America’s decline….but not in the way you think.

2:00PM Water Cooler 4/26/2016

Today’s Water Cooler: TPP propaganda amps up, “Acela Primary,” Clinton’s anger, Trump kayfabe, durable goods, Hanford leak, Gosplan 2.0

Gaius Publius: A Look Ahead – Coming to the Philadelphia Crossroad

What happens to the credibility of the Democrats as a party if Sanders makes it past the Philadelphia crossroad?

Links 4/26/16

standing cubs links

Worst Example Yet: Unconscionable Apollo Clause Illustrates Depth of Capture of Private Equity Investors

A spotlight on one of the most rancid “heads we win, tails you lose” features of private equity agreements: sweeping indemnification provisions which no fiduciary should accept.

Our Bloomberg Story: Don’t Let Private Equity Dupe California

Path-breaking private equity legislation is being weakened by insiders and the public is being shut out completely. Don’t let it happen.

Mathew D. Rose: Merkel’s Refugee Strategy – A Brown Nose Becomes the Chancellor

Toadying up to dictators and intervening in failed states are major elements of Merkel’s new improved refugee strategy.

2:00PM Water Cooler 4/25/2016

Today’s Water Cooler: TPP demagogues, forcing Democrat platform left, People’s Summit, Thomas Frank on Clinton, the real economy, Chernobyl

Uber Spends $100 Million to Save its Business Model, But It May Have Just Doomed It

I’ve written before at this august site about how Uber’s business model is to arbitrage state and federal law and replace a monopoly with a different monopoly. They obviously placed a high value on the arbitrage. How high? About $100 million.