Saturday, August 1, 2015

Debt Miracle: Why the Country that Borrowed the Most Industrialised First

Is debt really that bad? This column looks at the towering debts, rapid tax hikes, and constant state of war that led to Britain’s Industrial Revolution, showing that the devil is in the detail when assessing sovereign debt. When we consider the dangers of debt in today’s world, we should keep an eye on its potential benefits as well.

The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes

Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.

Joe Firestone: Declarations of Dependence: A New e-Book on the Neoliberal Nation-Subjugating “Trade Deals”

By Joe Firestone, Ph.D., Managing Director, CEO of the Knowledge Management Consortium International (KMCI), and Director of KMCI’s CKIM Certificate program. He taught political science as the graduate and undergraduate level and blogs regularly at Corrente, Firedoglake and New Economic Perspectives. Originally published at New Economic Perspectives The trade agreements currently being negotiated by the […]

The Previous Sole Superpower: From the Opium Wars to the Origin of the Species

The Opium Wars illustrate the brutal effectiveness of Great Britain’s use of a particular notion of freedom as a means of conquest.

Comparison of Greek and English Version of Kathimerini Scoop on Varoufakis Parallel Currency Plan

Filling in some details on a bombshell report about a call that Varoufakis had with hedge fund managers about a parallel currency.

Links 7/26/15

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Greece’s Drachma Drama: Why Planning Is Too Important to be Left to Economists

In conference call with hedgies, Yanis Varoufakis claims to have had approval to plan a parallel banking system using the drachma: Plan B.

Asset Management and Financial Stability

The growth of the asset management industry has raised concerns about its potential impacts on financial stability. This column assesses the systemic risk created by fund managers’ incentive problems and a first-mover advantage for end investors. Fund flows and fund ownership affect asset prices, and fund managers’ behaviour can amplify risks. This lends support to the expansion and strengthening of industry oversight, both at the individual fund and market levels.

Links 7/25/15

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Changing Economic Factors and the Rise in Obesity

Obesity is fast becoming a prominent global health issue. This column presents new evidence tentatively suggesting that variables related to the costs of eating – particularly whether there is a big discount warehouse nearby – are leading drivers of the rise in obesity occurring since the early 1980s. These findings should help policymakers work with businesses to find the best solution to tackle obesity.

Sharp Pencils vs. Sharp Politics: The 2015 Social Security Trustees Report

Social Security does face long term demographics issues….as will any approach to making sure retirees have income.

2:00PM Water Cooler 7/24/15

Today’s Water Cooler: Clinton email eruption, banksters still looting (film at 11), adjunct organizing, “Web Design: the First 100 Years”

Mathew D. Rose: The Crisis In Europe Has Only Just Begun

The larger political and economic costs of the crisis in Greece and Europe are only starting to come to light.

Links 7/24/15

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CalSTRS Doubles Down in Private Equity Carry Fee Reporting Scandal

Memo to CalSTRS: When you are in a hole, stop digging.