Wednesday, August 16, 2017

Links 8/16/17

Why Public Company Ownership Is Irrelevant to Monopolies

Why the argument that public company ownership contributes to monopoly power is wrong-headed.

Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka

The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.

Lee Camp: I Witnessed the Charlottesville Terror Attack, Here’s the Video

Lee Camp gives a first person account of the violence at Charlottesville.

2:00PM Water Cooler 8/15/2017

Meetup reminder: Burlington, VT Thursday, August 17 at 8:00PM; Montreal, Quebec Friday, August 18, at 6:00PM. Hope to see you there!

Financial Regulatory Rollback Proceeds

No new legislation is necessary for financial regulatory rollback to proceed. Enforcement priorities fail to target Wall Street.

Links 8/15/17

Neoliberalism Booster New York Times Egregiously Misrepresents French Labor Laws

The New York Times’ latest dubious achievement: how many lies it managed to tell in a single story about French labor laws.

Wolf Richter: Worst Restaurant Recession Since 2009 Dings Inflation

Stagnant restaurant sales show consumers are tapped out.

The Case Against a Consumption Tax

Why a consumption tax does not hold up under close scrutiny.

2:00PM Water Cooler 8/14/2017

Today’s Water Cooler: NAFTA talks, Charlottesville, bezzles at Uber, Blue Apron, Apple, Monsanto, Summers on a coming recession, GoT tropes

Fiduciary Rule: Helps Not Hurts Wall Street, So Full Rescission Unlikely

WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.

Links 8/14/17

New York Times Claims Bidders Circling Uber….But How Serious Is This, Really?

The Uber soap opera continues, and the New York Times is doing its part by applying lots of porcine maquillage.

In First 6 Months Under Trump, Polluters Already Paying Lower Fines to EPA

EPA enforcement of federal clean air and clean water laws drops off, yielding lower fines; trend looks only likely to accelerate.