Thursday, October 18, 2018

Hooray! Met Our Fourth Goal, On to Our Fifth, Expanding Our Reach

Help Naked Capitalism keep punching above its weight by funding our latest goal!

2:00PM Water Cooler 10/17/2018

Today’s Water Cooler: China trade, a Trump rally script, dogs playing poker, Warren Cherokee debacle, women veteran candidates, Senate and House, shareholders want Zuckerberg out, Sears, Instagram, Canadian cannabis, law and economics, the circus

The International Use of the Euro: What Can We Learn From Past Examples of Currency Internationalisation?

European leaders have regularly expressed a desire for a European currency to serve as a reserve currency. The history of the transition from sterling to dollar and Europe’s aspirations sheds light on whether the Euro can assume this role.

Links 10/17/18

Naked Capitalism: Keeping the Magic Alive

Why Naked Capitalism needs you.

How $14 Billion Private Equity Firm Abraaj Went Bust

The remarkable tale of the biggest private equity fund insolvency evah, Abraaj.

Richard Murphy: Who Really Pays the Tax on Rents?

Clearing up a widespread misperception about tax.

Trump Bails On Coal Industry Incentives

Trump is abandoning coal industry subsidies after running into a buzz saw of opposition.

Announcing the 2018 Double Your Donations Challenge!

Take up this chance to double your donations!

2:00PM Water Cooler 10/16/2018

Today’s Water Cooler: Currency practices, Pelosi’s plans, polarized electorate, Georgia Governor, Iowa, minority rule, industrial production, housing market, gold, apparel, water in Latin America, #MeToo, the police and protest, Melvyn Bragg, dogs

Sears’ Terminal Slide: Bankruptcy and Likely Liquidation

Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.

Links 10/16/18

Why CalPERS Matters

Why CalPERS’ fall from being a sophisticated player and force for reform is an important lesson.

Brexit: Things Are Always Darkest Before They Go Completely Black

Don’t kid yourself that the current relative calm on the Brexit front is a good thing.

New Study Highlights Collapse of Insect Populations

Very sobering news on the insect front. Species die-off is progressing faster than you probably thought.