Shell has decided to abandon Arctic drilling based on poor exploration results and high costs.
Sunday, October 4, 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.
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm |
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?
It’s getting tougher out there for our QE and ZIRP-coddled corporate junk-bond heroes.
An interview with authors of a new book investigating the condition of the poorest in America.
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.
Chris Hedges discusses whether the rhetoric coming from Pope Francis helps progressive forces in the world.
European leaders are still in denial about the seriousness of the refugee crisis and are focused on what amount to stopgap measure.
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.
A must-watch speech by the great British socialist Tony Benn.
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.