Monthly Archives: August 2015

August 31, 2015

• 2:00PM Water Cooler 8/31/15
  by Lambert Strether 1:55 pm

• Don Quijones: Why Are the Four Richest Men in Mexico Getting Crushed?
  by Nathan Tankus 9:55 am

• Links 8/31/15
  by Nathan Tankus 6:55 am

• CalPERS Staff Demonstrates Repeatedly That They Don’t Understand How Private Equity Fees Work
  by Yves Smith 1:12 am

• Senior Private Equity Officers at CalPERS Do Not Understand How They Guarantee That Private Equity General Partners Get Rich
  by Yves Smith 1:07 am

• Aguilar Proposes Transparency Fix for Broken SEC Waiver System
  by David Dayen 12:30 am

August 30, 2015

• Links 8/30/15
  by David Dayen 4:00 am

• CalPERS’ Private Equity, Exposed: Executive Summary
  by Yves Smith 1:15 am

• Perry Mehrling: Defending the RMB
  by David Dayen 1:00 am

August 29, 2015

• Permaculture in Cold Climates
  by Lambert Strether 10:55 am

• Links 8/29/15
  by Lambert Strether 6:55 am

• China Sneezes, Europe Catches a Cold
  by Lambert Strether 1:55 am

August 28, 2015

• 2:00PM Water Cooler 8/28/15
  by Lambert Strether 2:00 pm

• CEOs Call for Wage Increases for Workers to Address Inequality! What’s the Catch?
  by Yves Smith 9:55 am

• Links 8/28/15
  by Lambert Strether 6:55 am

• More on Why Bank IT and Payment Systems Matter
  by Yves Smith 6:39 am

• Don Quijones: Mexican Gourmet Chefs Sharpen Knives in Monsanto GMO War
  by Yves Smith 1:30 am

• Governance Matters
  by Yves Smith 12:32 am

August 27, 2015

• 2:00PM Water Cooler 8/27/15
  by Lambert Strether 2:00 pm

• Conflict Over Water In Central Asia
  by Yves Smith 9:55 am

• Links 8/27/15
  by Lambert Strether 6:55 am

• Currency Depreciations Don’t Boost Exports as Much as They Used To
  by Yves Smith 6:54 am

• Household Labor, Caring Labor, Unpaid Labor
  by Yves Smith 6:45 am

• Real Household Net Worth: Look Out Below?
  by Yves Smith 6:04 am

August 26, 2015

• 2:00PM Water Cooler 8/26/15
  by Lambert Strether 2:00 pm

• Wolf Richter: Americans’ Economic Outlook Plunges
  by Yves Smith 9:55 am

• Links 8/26/15
  by Yves Smith 6:55 am

• Michael Hudson: Smoke and Mirrors of Corporate Buybacks Behind the Market Crash
  by Yves Smith 6:46 am

• The Real Dark Side of Health Care: Health Care Corruption
  by Yves Smith 4:40 am

• King Coal, Dethroned, and Its Aftermath
  by Yves Smith 3:47 am

August 25, 2015

• 2:00PM Water Cooler 8/25/15
  by Lambert Strether 2:00 pm

• Louis Proyect: A Brief Response to Joe Firestone on IT/Grexit
  by Yves Smith 9:55 am

• Links 8/25/15
  by Yves Smith 6:55 am

• Wine and Water Watch (WWW) Challenges Northern California’s Invasive Wine Empire
  by Yves Smith 4:48 am

• Robert Reich: In the New Economy, Workers Take on All the Risk
  by Yves Smith 4:00 am

• London Capital and the Bryan Cook – Thomas Yi Scam Spree, 2010 to 2015
  by Richard Smith 3:00 am

August 24, 2015

• 2:00PM Water Cooler 8/24/15
  by Lambert Strether 2:00 pm

• Hillary Clinton’s Private Meeting with #BlackLivesMatter in Keene, New Hamphire
  by Lambert Strether 12:15 pm

• Links 8/24/15
  by Lambert Strether 6:55 am

• Bill Maher, New York Times Op Ed on the “Post Greed is Good Economy”
  by Yves Smith 2:07 am

• Perry Mehrling: No One Has a Good Idea of How to Keep the Fed From Having to Rescue Mr. Market Again
  by Yves Smith 1:10 am

• Media, Markets and Institutional Change: Evidence from the Protestant Reformation
  by Lambert Strether 12:55 am

August 23, 2015

• How Many Edible Forests Are There in the United States?
  by Lambert Strether 12:25 pm

• Links 8/23/15
  by Lambert Strether 6:55 am

• Wolf Richter: Foreign “Smart Money” Frets about Turmoil at Home, Flees, Plows into US Housing Bubble 2, Thinks it’s a “Safe Haven”
  by Lambert Strether 12:55 am

August 22, 2015

• Links 8/22/15
  by Yves Smith 6:55 am

• Picking Apart One of the Biggest Lies in American Politics: “Free Trade”
  by Yves Smith 4:28 am

• German Wage Repression: Getting to the Roots of the Eurozone Crisis
  by Yves Smith 4:08 am

August 21, 2015

• 2:00PM Water Cooler 8/21/15
  by Lambert Strether 2:00 pm

• As QE Wanes, Real Costs of “Employment” Subsidies Surface
  by Yves Smith 9:55 am

• Links 8/21/15
  by Yves Smith 6:55 am

• “How Complex Systems Fail”
  by Yves Smith 5:57 am

• How Medical “Misbranding” Puts Patients at Risk
  by Yves Smith 3:47 am

• VICE News: “Why Pay Your Taxes?”
  by Yves Smith 1:06 am

August 20, 2015

• 2:00PM Water Cooler 8/20/15
  by Lambert Strether 2:00 pm

• Wolf Richter: It Starts – Broad Retaliation Against China in Currency War
  by Yves Smith 9:55 am

• Links 8/20/15
  by Yves Smith 6:55 am

• FT Alphaville Credits Our Richard Smith for Busting GXG Markets, “European Scam-Central”
  by Yves Smith 6:00 am

• Greece’s Missing Drivers of Growth
  by Yves Smith 4:22 am

• Low Oil Prices Could Break The “Fragile Five” Producing Nations
  by Yves Smith 3:40 am

August 19, 2015

• 2:00PM Water Cooler 8/19/15
  by Lambert Strether 2:00 pm

• Louis Proyect: Once More on IT and a Return to the Drachma
  by Yves Smith 9:55 am

• Links 8/19/15
  by Yves Smith 6:55 am

• The ALEC Rankings: Does Smaller Government Mean Higher Growth?
  by Yves Smith 6:24 am

• Michael Pettis: Do Markets Determine the Value of the RMB?
  by Yves Smith 4:42 am

• William J. Astore: Seventy Years of Military Mediocrity
  by Yves Smith 3:22 am

• The Teach For America Bait and Switch: From ‘You’ll Be Making a Difference’ to ‘You’re Making Excuses’
  by Yves Smith 12:36 am

August 18, 2015

• 2:00PM Water Cooler 8/18/15
  by Lambert Strether 2:00 pm

• Kanbur/Stiglitz: Rent Seeking as a Major Driver of Wealth and Income Inequality
  by Yves Smith 9:55 am

• Links 8/18/15
  by Yves Smith 6:55 am

• Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda
  by Yves Smith 6:52 am

• The GM Labeling Law to End All Labeling Laws
  by Yves Smith 4:23 am

• Robert Reich: Having a Life (Sort of) as a New Perk for “Talent”
  by Yves Smith 2:07 am

August 17, 2015

• 2:00PM Water Cooler 8/17/15
  by Lambert Strether 2:00 pm

• On Syriza as a Party: Tragic Flaws, or Tragic Errors?
  by Lambert Strether 11:55 am

• Links 8/17/15
  by Yves Smith 6:55 am

• Yet More Private Equity Grifting: The SEC Enables “Broken Deal Expense” Con
  by Yves Smith 6:07 am

• California First, As Both Climate Victim and Responder, the National Style-Setter Leads the Way
  by Yves Smith 5:14 am

• Does a Strong Dollar Hurt Emerging Markets?
  by Yves Smith 4:04 am

August 16, 2015

• Links 8/16/15
  by Lambert Strether 6:55 am

• Climate Change: Have We Reached the Point of No Return?
  by Yves Smith 6:42 am

• Judges Nixing Keystone XL South Cases Had Tar Sands-Related Oil Investments
  by Lambert Strether 12:55 am

August 15, 2015

• Links 8/15/15
  by Yves Smith 6:55 am

• A Pragmatic Approach to External Debt: The Write-Down of Germany’s Debts in 1953
  by Yves Smith 5:49 am

• Perry Mehrling: The Fuss about Market Liquidity
  by Yves Smith 2:49 am

August 14, 2015

• 2:00PM Water Cooler 8/14/15
  by Lambert Strether 1:55 pm

• “@ Hillary Clinton: How does your student loan debt make you feel? Tell us in 3 emojis or less.”
  by Nathan Tankus 11:55 am

• Links 8/14/15
  by Yves Smith 6:55 am

• You Don’t Need to Hire Rapacious Private Equity Firms to Get Their Returns
  by Yves Smith 6:40 am

• Don Quijones: Spain Hit by Trade Suits, a Bitter Foretaste of TTIP
  by Yves Smith 4:14 am

• Is the Local Economy the Solution to a Post-Capitalist World?
  by Yves Smith 3:20 am

August 13, 2015

• 2:00PM Water Cooler 8/13/15
  by Lambert Strether 2:00 pm

• Greek Debt Sustainability: The Devil is in the Tails
  by Yves Smith 9:55 am

• Links 8/13/15
  by Yves Smith 6:55 am

• Will the Germans Derail the Tentative Greek Third Bailout?
  by Yves Smith 5:39 am

• Glen Ford and Bruce Dixon on #BlackLivesMatter and the Black Misleadership Class
  by Yves Smith 4:13 am

• Power 8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, is a $250Mn Pyramid Fraud
  by Richard Smith 3:00 am

August 12, 2015

• Our Bloomberg OpEd on Public Pensions’ Failure to Stand Up to Private Equity Stealing and Other Abuses
  by Yves Smith 3:22 pm

• 2:00PM Water Cooler 8/12/15
  by Lambert Strether 1:55 pm

• Turbulence and Stability in Financial Markets: China in Recent Times
  by Yves Smith 9:55 am

• Links 8/12/15
  by Yves Smith 6:55 am

• Australian Trade Minister: TPP “Trade” Deal Unlikely
  by Yves Smith 5:50 am

• Tom Engelhardt: Where Did the Antiwar Movement Go? War, Vietnam and Today
  by Yves Smith 4:07 am

• Saudi Oil Strategy: Brilliant Or Suicide?
  by Yves Smith 3:43 am

August 11, 2015

• 2:00PM Water Cooler 8/11/15
  by Lambert Strether 1:55 pm

• The Decline in Market Liquidity
  by Yves Smith 9:55 am

• Links 8/11/15
  by Yves Smith 6:55 am

• Greece Says It Has Reached a Deal with Creditors; New Research Says Germany Comes Out Ahead from Lending to Greece Even with 100% Default
  by Yves Smith 3:56 am

• Clinical Trial Transparency Effort Encounters Deafening Silence in US Launch; Agnotology or Anechoic Effect?
  by Yves Smith 3:00 am

• Frack Now, Pay Later: A New Era In U.S. Oil?
  by Yves Smith 1:55 am

August 10, 2015

• 2:00PM Water Cooler 8/10/15
  by Lambert Strether 1:55 pm

• No, Inflation Doesn’t Erode the Burden of Debts
  by Nathan Tankus 9:55 am

• Links 8/10/15
  by Nathan Tankus 6:55 am

• Puerto Rico’s Economic Pain Is Vicious 21st Century Colonialism
  by Nathan Tankus 6:55 am

• Leading Pension Consultant PCA Shills for Private Equity Firms in CalPERS/CalSTRS Carry Fee Row
  by Yves Smith 4:41 am

• Wolf Richter: China’s Hard Landing Suddenly Gets a Lot Rougher
  by Yves Smith 4:37 am

August 9, 2015

• Godzilla vs. Mothra vs. You: The Health Care Industry Consolidates
  by Lambert Strether 1:25 pm

• Links 8/9/15
  by Lambert Strether 6:55 am

• Hillary Clinton State Department Emails, Mexico Energy Reform, and the Revolving Door
  by Lambert Strether 1:55 am

August 8, 2015

• Links 8/8/15
  by Yves Smith 6:55 am

• David Sirota: Hillary Clinton Is Running Away from Her “Free Trade” Record
  by Yves Smith 4:42 am

• Bill Black: Republican Candidates Agree that the System is Rigged for the Rich
  by Yves Smith 4:20 am

August 7, 2015

• 2:00PM Water Cooler 8/7/15
  by Lambert Strether 2:00 pm

• Grexit Stumbling Block: International Courts Likely to Rule Against Forced Contract Redenomination
  by Yves Smith 9:55 am

• Links 8/7/15
  by Yves Smith 6:55 am

• Dutch Pension Fund Escalates War Against Private Equity Secrecy, Won’t Invest in Funds that Fail to Disclose All Fees and Costs
  by Yves Smith 5:11 am

• Media Hypes Praluent, the Next Expensive “Blockbuster” Not Yet Shown to Benefit Patients
  by Yves Smith 3:55 am

• Entering the Nuclear Age, Body by Body The Nagasaki Experience
  by Yves Smith 2:07 am

August 6, 2015

• 2:00PM Water Cooler 8/6/15
  by Lambert Strether 1:59 pm

• Lagarde Supports IMF Ukraine Representative in Propaganda Trip to Venice, All Expenses Paid
  by Yves Smith 9:55 am

• Links 8/6/15
  by Yves Smith 6:55 am

• Days of Revolt: The Black Prophetic Tradition
  by Yves Smith 5:31 am

• Greece’s Debt Burden Can and Must be Lightened Within the Euro
  by Yves Smith 3:40 am

• The Economist: The TPP is Dead
  by Yves Smith 2:33 am

August 5, 2015

• 2:00PM Water Cooler 8/5/15
  by Lambert Strether 2:00 pm

• China’s Stock Market Collapse
  by Yves Smith 9:55 am

• Links 8/5/15
  by Yves Smith 6:55 am

• Don Quijones: Businesses Flee Catalonia, Foreign Investment Plunges, as Confrontation with Spain Comes to a Boil
  by Yves Smith 6:00 am

• Campaign 2016: Where Are The Candidates On Energy?
  by Yves Smith 3:06 am

• 60% of the CEOs of America’s “Great Health Systems” Have No Educational Background in Health Care
  by Yves Smith 2:00 am

August 4, 2015

• 2:00PM Water Cooler 8/4/15
  by Lambert Strether 2:00 pm

• What is the IMF?
  by Nathan Tankus 10:25 am

• Links 8/4/15
  by Yves Smith 6:59 am

• New York Department of Financial Services Slams Bank Fixer Promontory Group, Hitting it in Its Profits and Reputation
  by Yves Smith 6:58 am

• Libor Trader Sentenced to 14 Years for Market Manipulation. So What About His Bosses?
  by Yves Smith 6:00 am

• Meet the Hedge Funders and Billionaires Who Pillage Under the Shield of Philanthropy
  by Yves Smith 3:07 am

August 3, 2015

• 2:00PM Water Cooler 8/3/15
  by Lambert Strether 2:00 pm

• Another Private Equity Scam – Tax Receivable Agreements
  by Yves Smith 11:55 am

• Links 8/3/15
  by Yves Smith 6:55 am

• Republican Rank-and-File Lines Up Against Financial Regulation
  by Yves Smith 4:31 am

• Dealing With Mass Killings in America: Funding Our Children, Not Our Wars
  by Yves Smith 2:48 am

• Why Carbon Taxes Would Be the Ultimate Energy Game-Changer
  by Yves Smith 2:12 am

August 2, 2015

• Winning in Maui: TPP Ministerial Negotiations Fail, with No Date Set for the Next Round
  by Lambert Strether 11:55 am

• Links 8/2/15
  by Lambert Strether 6:55 am

• Bill Black: The OSU Marching Band Exemplifies Why Economists Err by Ignoring Culture
  by Lambert Strether 1:55 am

August 1, 2015

• Links 8/1/15
  by Yves Smith 6:55 am

• Testing the Global Central Bank Swap Network
  by Yves Smith 3:43 am

• The Challenges of the Greek Crisis
  by Yves Smith 3:12 am