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Thursday, October 18, 2018
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.
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.
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.
