Sunday, September 25, 2016

Wells Fargo Fake Accounts Hidden by Fake Whistleblowing: Former Employees, Including HR Officials, Allege Systematic Retaliation

As short seller David Einhorn says, “No matter how bad you think it is, it’s worse.” That’s proving true at Wells Fargo as former employees allege systematic whistleblower retaliation.

2:00PM Water Cooler 9/21/2016

Today’s Water Cooler: Clinton Foundation layoffs, Clinton air war, Clinton path to victory, Trump v. political class, Hanjin, shipping banks

Crapifying Medicare with the New MACRA Program

New Medicare reimbursement program, MACRA, will further crapify the physician’s workplace.

Links 9/21/16


Negative Effects of Immigration on the Economy

Working through explanations as to why US immigration has been negatively correlated with growth.

Academic Penury: Adjunct Faculty as the New Precariat

The perilous status of adjuncts, who serve as contingent faculty.

Wells Fargo CEO’s Teflon Don Act Backfires at Senate Hearing; “I Take Full Responsibility” Means Anything But

Wells Fargo CEO John Stumpf’s days are numbered, as they should be based on his inability even to fake contrition in Senate hearings.

2:00PM Water Cooler 9/20/2016

Today’s Water Cooler: Clinton and “Millenials” [sic], Hanjin, shipping banks, Momentum and Labour, productivity and compensation, cognitive bias

Thomas Ferguson on How Money Drives Congressional Elections

The relation between money and electoral success is linear in House and Senate races.

Links 9/20/16


Wolf Richter: Why Hanjin’s Zombie Collapse Won’t Be the Last One

China Containerized Freight Index remains near record low.

Theresa May Outs Herself as Wall Street’s Poodle in Brexit Talks

It would be better if the latest Brexit news were a farce….

Ilargi: China Relies On Property Bubbles To Prop Up GDP

More concerned tea-leaf reading in the wake of a BIS report that sounded alarms about China’s debt growth.

2:00PM Water Cooler 9/19/2016

Today’s Water Cooler: Petersen Institute on TPP, Trump small donors, Clinton and youth, Nevada voter rolls?, housing, water, cellphone alerts

Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?

The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.