Thursday, June 21, 2018

Alongside Rising Top Incomes, the Level of Living of America’s Poorest Has Fallen

As the rich in America get richer, the poorest fall further behind.

Links 6/21/18

Mexican Business Elite, US Government, Brace for Likely Win by Leftist Obrador as Mexico’s President

What might a win in the July 1 presidential election by the charismatic, anti-neoliberal Andres Manuel Lopez Obrado mean for Mexico and the US?

Don Quijones: How the ECB Helped Spain “Recover” Faster than Italy from the Crisis

How “financial repression,” as in negative real interest rates, whacked Italy and boosted Spain.

Bill Black: Kill the Hastert Rule – A Pedophile’s Indefensible Rule Harms America

How Democrats have failed either to oppose or capitalize on the democracy-thwarting Hastert Rule.

The World Cup: The Dismal Science and the Beautiful Game

A light-hearted economic analysis of the World Cup

2:00PM Water Cooler 6/20/2018

Patient readers, Again, I ended up writing a few mini-essays and not getting to everything else I wanted to do, so expect a bit more shortly, especially on immigration. –lambert UPDATE 3:02. All finished. By Lambert Strether of Corrente. Trade “Trump trade adviser says he has no knowledge of iPhone tariff exception” [The Hill]. “President […]

Bill Black: Bitcoin Frauds Keep Growing

Another area where bitcoin hype exceeds reality.

Links 6/20/18

EU to Members: Prepare for No Deal Brexit

An official “put on your life jackets” Brexit warning.

Some Notes on Trump’s Trade War Threat

Some observations about the Trump-China spat.

2:00PM Water Cooler 6/19/2018

Today’s Water Cooler: China trade, semiconductors, mid-terms, immigration, Kobach and voting, housing, shipping, trucking “sweet spot,” Uber, Tesla, Juneteenth, Enoch Powell, F-35

US, Japan Reject G-7 Ocean Plastics Charter

Japan and the United States decline to endorse G-7 Ocean Plastics Charter– a voluntary effort inadequate to the scale of the problem but better than outright neglect.

Links 6/19/18

Yanis Varoufakis: Why Germany Neither Can Nor Should Pay More To Save the Eurozone

Why Germany is not the solution to the Eurozone’s woes.