Wednesday, September 28, 2016

Trade Globalisation in the Last Two Centuries

Trade globalization started earlier than most economists realize, undermining conventional stories about how it came about.

2:00PM Water Cooler 9/16/2016

Today’s Water Cooler: TTP side deals, swing state voters, millenial voters, Kevin Drum melts down, Scott Adams, CPI, Hanjin, retail, gardens

The New Extreme Reality of Floods

Floods are an under-recognized economic and political risk….

Links 9/16/16

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How the SEC Enabled the Gross Under-Reporing of CEO Pay

Why CEOs are even more grotesquely paid than you thought.

Deutsche Defies DoJ, Says It Won’t Pay Anything Near $14 Billion in Mortgage Settlement

Deutsche has launched a media war against the DoJ.

Wolf Richter: That 5.2% Jump in Household Income? Nope, People Aren’t Suddenly Getting Big-Fat Paychecks

The much-ballyhood 5.2% gain in household income doesn’t square with other data….and the details aren’t as pretty as the headline either.

DoJ Asks Deutsche Bank to Pay $14 Billion in Mortgage Settlement

The Obama Administration is trying to wrap up long-overdue mortgage-related cases, with Deutsche and possibly then other foreign banks.

2:00PM Water Cooler 9/15/2016

Today’s Water Cooler: New TISA Wikileaks, Trump closes, suburban voters, jobless claims, inventories, Hanjin, globalization slows, sleep

Report: Why We Need to Tax Corporations Now, More Than Ever

Why the idea that corporations should get favored tax treatment is dubious.

Links 9/15/16

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DoJ Opens Investigation Into Wells Fargo Fake Accounts; Why Top Execs Are Responsible

Sanctimonious Wells Fargo may finally be getting its comeuppance.

The City Will Decline—and We Will Be the Poorer for It

What might Brexit-induced losses to the City cost the UK economy?

Satyajit Das: The Business of Politics

Do business leaders make good political leaders?

2:00PM Water Cooler 9/14/2016

Today’s Water Cooler: Obama on America first, Trump gaining, Scott Walker cashes his check, supply chain sociopaths, Census household report