Thursday, September 29, 2016

Popular Acceptance of Inequality Due to Brute Luck

People don’t mind inequality due to “brute luck”…but is one man’s brute luck another man’s rigged system?

2:00PM Water Cooler 9/23/2016

Today’s Water Cooler: David Brock’s commissions, undecided voters, Pence on the trail, manufacturing, MMT, Charlotte’s highways, Lego

The End of the Beginning at Wells Fargo

By Lambert Strether of Corrente. Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. –Winston Churchill The old reprobate got that one right, didn’t he? This post will be absurdly short (for Naked Capitalism) and absurdly sweet (for Naked Capitalism). […]

Links 9/23/16


Report: New Data Disproves US Corporations’ False Narrative on Taxes

A new study on corporate tax havens shows how multinational corporations avoiding U.S. taxes represents a transfer to them from workers.

Income Inequality in a Globalising World

Absolute inequality around the world has increased, challenging the purported benefit of globalization.

‘A Five-Alarm Threat to Our Food Supply’: Experts Describe Bayer-Monsanto Merger

Whether or not regulators approve the Bayer-Monsanto merger, these companies will continue their rampage against nature.

2:00PM Water Cooler 9/22/2016

Today’s Water Cooler: Bill Clinton outs Hillary on TPP, TV spending, Clinton on Wells Fargo, leading indicators, Maersk, Hanjin, China, bees

Backlash Against Trade Deals: The End of U.S.-Led Economic Globalisation?

Why the backlash against the overreach of US trade deals, as embodied by the TPP and TTIP, is well warranted.

Links 9/22/16


The Private Debt Crisis

Why private debt is so dangerous, and why that risk looms large, particularly in China.

The Rise and Rise of the Bubble Managers

It’s becoming even more obvious that Fed policy is focused on keeping the bubble inflated over real economy concerns.

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.