Sunday, October 4, 2015

With Shell’s Failure, U.S. Arctic Drilling Is Dead

Shell has decided to abandon Arctic drilling based on poor exploration results and high costs.

2:00PM Water Cooler 9/28/2015

Today’s Water Cooler: TPP, the return of the undead, Trump on health care, Clinton mail, Jill Stein, bonds and algo, water on Mars.

Frances Coppola: The Great Yield Divergence

Puzzling over the Great Divergence of real and nominal yields. Ever since the Great Depression, nominal yields have been persistently above real yields Yet in the previous 200 years, despite periods of fiat currency and high inflation, real and nominal yields didn’t diverge. Why do they now?

Links 9/28/15

cute pony and dogs links

Wolf Richter: This is When Bonds Go Kaboom!

It’s getting tougher out there for our QE and ZIRP-coddled corporate junk-bond heroes.

1.5 Million American Families Live on $2 a Day — How the Poorest Get By

An interview with authors of a new book investigating the condition of the poorest in America.

Debacle, Inc.: How Henry Kissinger Helped Create Our ‘Proliferated’ World

If all Henry Kissinger contributed to the Middle East were a regional arms race, petrodollar addiction, Iranian radicalization, and the Tehran-Riyadh conflict, it would be bad enough. His legacy, however, is far worse than that: he has to answer for his role in the rise of political Islam.

Links 9/27/15

A Progressive Pope or Greenwashing the Vatican?

Chris Hedges discusses whether the rhetoric coming from Pope Francis helps progressive forces in the world.

Ilargi: Europe’s Refugees Are a Global Crisis

European leaders are still in denial about the seriousness of the refugee crisis and are focused on what amount to stopgap measure.

Links 9/26/15

reaching lizard links

A Physician Substantially Tied to the Pharmaceutical Industry Nominated to Run the FDA

Yves here. As Roy Poses stresses, the media has underreported on the conflicts of interest at work in this FDA nomination. Be sure to read the very long list of Big Pharma names that have supported Dr. Richard Cardiff’s research and provided grants and speaking fees.

Tony Benn’s Ten Minute History of Neoliberalism

A must-watch speech by the great British socialist Tony Benn.

2:00PM Water Cooler 9/25/2015

Today’s Water Cooler: TPP heats up with Augusta meeting, Trump and TPP, Clinton email snoozefest, Sanders leads in NH, GDP up, the human brain

Private Equity Underperformance Denialist, Pension Consulting Alliance, Tells CalSTRS to Fix Performance Problems by Scrapping Benchmark

CalSTRS’ and CalPERS’ consultant, Pension Consulting Alliance, argues for getting rid of benchmarks altogether in a desperate effort to depict investing in private equity as ever and always sound.