Monthly Archives: November 2015

November 30, 2015

• 2:00PM Water Cooler 11/30/2015
  by Lambert Strether 2:00 pm

• Vulture Capitalists Are the Real Winners of Argentina’s Elections
  by Yves Smith 9:55 am

• Links 11/30/15
  by Lambert Strether 6:55 am

• CalPERS’ Scandal-Ridden Fiduciary Counsel Ducks Jacksonville Subpoena; City Files Suit Alleging Illegal Creation of Gold-Plated Pension Fund
  by Yves Smith 12:17 am

• Harvard Professor Josh Lerner Gave Weak and Internally Contradictory Plug for Private Equity at CalPERS Workshop
  by Yves Smith 12:16 am

• The TPP And Terri Sewell, The Only Democrat Elected To Federal Office In Alabama
  by Lambert Strether 12:05 am

November 29, 2015

• Links 11/29/15
  by Lambert Strether 6:55 am

• The Power Of Nightmares 3: The Shadows In The Cave (BBC-2004)
  by Lambert Strether 3:55 am

• What Are the Only 3 States That Score Higher Than a D+ in the Corruption Index?
  by Lambert Strether 1:55 am

November 28, 2015

• Links 11/28/15
  by Yves Smith 6:55 am

• The Power of Nightmares 2: The Rise of the Politics of Fear (BBC-2004)
  by Yves Smith 6:03 am

• From G20 to Labour20
  by Yves Smith 2:10 am

November 27, 2015

• 2:00PM Water Cooler 11/27/2015
  by Lambert Strether 5:00 pm

• Links 11/27/15
  by Lambert Strether 6:55 am

• The Power of Nightmares 1: The Rise of the Politics of Fear (BBC-2004)
  by Lambert Strether 3:55 am

• Michael Hoexter: Road to COP21 and Beyond: The Missing Analysis of the Kyoto Protocol and its Failure
  by Lambert Strether 1:55 am

November 26, 2015

• Links 11/26/15
  by Yves Smith 6:55 am

• Mathew D. Rose: The Ordeal of Angela Merkel
  by Yves Smith 6:50 am

• John Helmer: The Classic Rules for Combatting Turkish Aggression
  by Yves Smith 6:30 am

November 25, 2015

• 2:00PM Water Cooler 11/25/2015
  by Lambert Strether 2:00 pm

• Angling for Dollars: A Review of Akerlof and Shiller’s Phishing for Phools
  by Lambert Strether 11:55 am

• CalPERS Pokes Its Board in the Eye by Releasing Private Equity Carry Fee Info After, Rather Than During, Board Meeting
  by Yves Smith 9:25 am

• The Bigger Significance of CalPERS’ Private Equity Carry Fee Release: Another Nail in the Carried Interest Tax Loophole Coffin
  by Yves Smith 9:24 am

• Links 11/25/15
  by Yves Smith 6:55 am

• Japan Proves that “Fix Trade” Sales Pitch for TPP, TTIP, and TISA is Wrong
  by Yves Smith 6:50 am

November 24, 2015

• Turkey’s Shootdown of Russian Jet: What You Need to Know
  by Yves Smith 11:34 pm

• 2:00PM Water Cooler 11/24/2015
  by Lambert Strether 2:00 pm

• CalPERS Staff, Scandal-Ridden Fiduciary Counsel Argue to Weaken Board Oversight by Reducing Number of Board Meetings
  by Yves Smith 12:00 pm

• Investors Like CalPERS Rely on ILPA to Advance Their Cause, When It is Owned by Private Equity General Partners
  by Yves Smith 9:26 am

• Links 11/24/15
  by Lambert Strether 6:55 am

• Don Quijones: Ultimate Weapon in Existential Struggle: Using the TPP for Hostile Takeover of Mexican Agriculture
  by Lambert Strether 2:55 am

• Gaius Publius: Blowback, Money and the Washington War Party
  by Yves Smith 12:39 am

November 23, 2015

• 2:00PM Water Cooler 11/23/2015
  by Lambert Strether 2:00 pm

• Links 11/23/15
  by Lambert Strether 6:55 am

• Despite Low Oil Prices, Renewable Power Gaining Traction, Energy Agencies Report — But Not Yet Fast Enough for the Climate
  by Lambert Strether 2:55 am

• Matthew Cunningham-Cook: How the TPP Will Create a Medical Privacy Hellscape
  by Yves Smith 2:20 am

• Is Obama Walking Into COP21 With An Empty Hand?
  by Lambert Strether 1:55 am

November 22, 2015

• CalPERS Debunks Private Equity: Executive Summary
  by Yves Smith 12:09 pm

• CalPERS Hired a Fiduciary Counsel Accused of Serious Misconduct Over More Than a Decade, Including Kickbacks, Failure to Disclose Conflicts of Interest
  by Yves Smith 12:09 pm

• Board Member Reveals That CalPERS Engages in Systematic Violation of California Open Meeting Statutes
  by Yves Smith 12:08 pm

• Links 11/22/15
  by Lambert Strether 6:55 am

• Rebooting the Eurozone: Step 1 – Agreeing a Crisis Narrative
  by Lambert Strether 3:55 am

• AFRICOM’s New Math, the U.S. Base Bonanza, and “Scarier” Times Ahead in Africa
  by Lambert Strether 1:55 am

November 21, 2015

• Links 11/21/15
  by Lambert Strether 6:55 am

• The Political Aftermath of Financial Crises: Going to Extremes
  by Lambert Strether 3:55 am

• Wolf Richter: Financially Engineered Stocks Drag Down S&P 500
  by Lambert Strether 1:55 am

November 20, 2015

• 2:00PM Water Cooler 11/20/2015
  by Lambert Strether 2:01 pm

• The Disaster of Greek Austerity – What Next?
  by Yves Smith 9:55 am

• Links 11/20/15
  by Yves Smith 6:55 am

• The REALLY ANNOYING Don’t-Wanna-Subsidize-Wealthy-Kids’-College-Tuition Canard
  by Yves Smith 4:08 am

• Ilargi: The Great Fall Of China Started At Least 4 Years Ago
  by Yves Smith 2:21 am

• On the Lack of Courage in Regulators
  by Yves Smith 1:09 am

November 19, 2015

• 2:00PM Water Cooler 11/19/2015
  by Lambert Strether 2:00 pm

• TPP’s Orwellian Definition of “Science” in its Sanitary and Phytosanitary (SPS) Chapter
  by Lambert Strether 11:40 am

• Links 11/19/15
  by Yves Smith 6:55 am

• John Helmer: The Barbarians at the Gate of Civilization, but Which Empire is Falling?
  by Yves Smith 6:50 am

• Join Occupy the SEC in Urging the Congress to Oppose H.R. 4002 (“Criminal Code Improvement Act of 2015”)!
  by Yves Smith 4:37 am

• Gaius Publius: Is Clinton Still a Carbon Candidate? The Data to Date
  by Yves Smith 4:00 am

November 18, 2015

• 2:00PM Water Cooler 11/18/2015
  by Lambert Strether 2:00 pm

• Clinton, Finally Forced to Confront a Single Payer Advocate in Debate, Can’t Win on Policy, Falls Back on Demagoguery and Distortion
  by Lambert Strether 12:25 pm

• Links 11/18/15
  by Lambert Strether 6:55 am

• The TPP is a Multi-Dimensional Simultaneous Equation
  by Yves Smith 6:23 am

• The GXG Markets Fallout (II): Editwars and FOIA fights
  by Richard Smith 3:00 am

• Wolf Richter: Bloodletting 8 Trading Days in a Row: Junk Bonds Go to Heck
  by Lambert Strether 1:55 am

November 17, 2015

• 2:00PM Water Cooler 11/17/2015
  by Lambert Strether 2:00 pm

• Antitrust Incompetence from the FTC, as Albertson’s/Safeway Divestiture Goes Awry
  by David Dayen 9:55 am

• Links 11/17/15
  by David Dayen 4:15 am

• Will Janet Yellen Rather Protect Big Banks, or the Fed?
  by David Dayen 3:30 am

• Nina Eichacker: Lessons from Iceland’s Financial Crisis
  by David Dayen 2:30 am

• Marshall Auerback and Branko Milanovic Discuss Income Inequality: The Global Haves And Have-Nots In The 21st Century
  by David Dayen 2:00 am

November 16, 2015

• 2:00PM Water Cooler 11/16/2015
  by Lambert Strether 2:00 pm

• Will the Paris Attacks Herald the End of the Schengen Agreement?
  by David Dayen 9:55 am

• Links 11/16/15
  by David Dayen 4:15 am

• Hillary Clinton Appeal to 9/11 to Defend Wall Street Donations Was Bad, But This Was Worse
  by David Dayen 3:00 am

• Cameron Murray: Unpopular Economic Opinions
  by David Dayen 2:30 am

• Ilargi: 9/11, 3/11, 7/7, 11/13; New York, Madrid, London, Paris
  by David Dayen 2:00 am

November 15, 2015

• Links 11/15/15
  by Lambert Strether 6:55 am

• Paris Attack Round-up and Open Thread
  by Lambert Strether 3:55 am

• US Intergenerational Mobility: 1850-1940
  by Lambert Strether 12:55 am

November 14, 2015

• Microaggression and Macroexploitation
  by Lambert Strether 12:10 pm

• Links 11/14/15
  by Lambert Strether 6:55 am

• “Dreaming On”: The Illusions of the Leaders of Large Health Organizations, as Illustrated by Medtronic’s Founder
  by Lambert Strether 2:55 am

November 13, 2015

• 2:00PM Water Cooler 11/13/2015
  by Lambert Strether 2:00 pm

• To Fix Inequality and Steady the Economy, Think Radically
  by Yves Smith 9:55 am

• Links 11/13/15
  by Yves Smith 6:55 am

• Greed! Announcing Econ4 Video Contest
  by Yves Smith 6:50 am

• The Disaster of Greek Austerity
  by Yves Smith 6:50 am

• 10 Economic Facts that Power the Sanders Insurgency
  by Yves Smith 4:15 am

November 12, 2015

• 2:00PM Water Cooler 11/12/2015
  by Lambert Strether 2:00 pm

• Flash Meetup in San Francisco This Sunday, November 15
  by Yves Smith 2:00 pm

• TPP: USTR Froman’s Disinformation Continues to Propagate (And What Is the “Secret Guidance Document”?)
  by Lambert Strether 11:55 am

• Links 11/12/15
  by Yves Smith 6:55 am

• How Ireland Became an Offshore Financial Center
  by Yves Smith 4:20 am

• Support Elizabeth Warren, and Other Senators in IRS Crack Down on Private Equity Tax Abuse
  by Yves Smith 3:41 am

• Gaius Publius: Can Miami Beach Survive Global Warming?
  by Yves Smith 3:07 am

November 11, 2015

• 2:00PM Water Cooler 11/11/2015
  by Lambert Strether 2:00 pm

• Hysteresis and Aircraft Maintenance: Don’t Go Up In Any Large Planes
  by Lambert Strether 11:25 am

• Links 11/11/15
  by Lambert Strether 6:55 am

• Matthew Cunningham-Cook: TPP – A Recipe for Financial Market Contagion
  by Yves Smith 6:34 am

• The Growing Intergenerational Divide in Europe
  by Lambert Strether 4:55 am

• IEA World Energy Outlook: New Hope For Civilization
  by Lambert Strether 1:55 am

November 10, 2015

• 2:00PM Water Cooler 11/10/2015
  by Lambert Strether 2:00 pm

• How Pursuing “Competitiveness” Crushes Labor and Lowers Growth
  by Yves Smith 9:55 am

• Links 11/10/15
  by Yves Smith 6:55 am

• Wolf Richter: Fed Trips over Eye-Popping Commercial Real Estate Bubble, Accidentally Looks, Sees “Early Signs” of “Search for Yield”
  by Yves Smith 6:06 am

• John Helmer: Australian and Dutch Officials Lose Control on MH17
  by Yves Smith 1:47 am

• Gulf States to be Hoist Early on Climate Change Petard
  by Yves Smith 12:34 am

November 9, 2015

• 2:00PM Water Cooler 11/9/2015
  by Lambert Strether 2:00 pm

• For Profit College, Student Loan Default, and the Economic Impact of Student Loans
  by Yves Smith 9:55 am

• Links 11/9/15
  by Yves Smith 6:55 am

• Greece and Creditors at Loggerheads Again; Troika Wants More Foreclosures
  by Yves Smith 6:52 am

• CalPERS Changes Executive Bonus Procedure After We Alert Them of Violations, but Still Falls Well Short of CalSTRS on Transparency
  by Yves Smith 6:50 am

• How Kissinger Made Bombing the Iron Fist of US “Diplomacy”
  by Yves Smith 12:48 am

November 8, 2015

• The TPP and State Sovereignty: A Toothless Preamble, Weak Code of Conduct, Secret Proceedings, and a Tobacco Carve-Out That Might Not Carve Out
  by Lambert Strether 11:55 am

• Links 11/8/15
  by Lambert Strether 6:55 am

• Don Quijones: “First They Came for the Pennies…” in the War on Cash
  by Lambert Strether 1:55 am

November 7, 2015

• Links 11/7/15
  by Yves Smith 6:55 am

• Wait: Maybe Europeans are as Rich as Americans
  by Yves Smith 2:09 am

• Supervising Culture and Behavior at Financial Institutions
  by Yves Smith 1:45 am

November 6, 2015

• 2:00PM Water Cooler 11/6/2015
  by Lambert Strether 2:00 pm

• The Future of Work and the Role of Climate Change
  by Yves Smith 9:55 am

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

• Blackstone Executive Commits Perjury via Declaration That Information in SEC Order is “Confidential” and “Trade Secret”
  by Yves Smith 6:00 am

• John Helmer: Chrystia Freeland Demoted In New Canadian Cabinet – She And The Ukraine Lobby Hit By Siklebaum Disease
  by Yves Smith 4:46 am

• Afghanistan “After” the American War
  by Yves Smith 3:48 am

• Full Text of TPP, Including Annexes, and Boy is it Nasty
  by Yves Smith 1:45 am

November 5, 2015

• 2:00PM Water Cooler 11/5/2015
  by Lambert Strether 2:00 pm

• Liquidity Traps as Black Holes
  by Yves Smith 9:55 am

• Links 11/5/15
  by Yves Smith 6:55 am

• New York City, CalSTRS Engage in Pension Fee Transparency Theater to Try to Fool Critics
  by Yves Smith 6:49 am

• The UK’s Money Laundering Mess (II): HM Treasury Weighs in (and so Does Russia, With a $46Bn Money Laundering Allegation)
  by Richard Smith 3:00 am

• San Francisco Votes Against Affordable Housing, For AirBnB
  by Yves Smith 12:15 am

November 4, 2015

• 2:00PM Water Cooler 11/4/2015
  by Lambert Strether 2:00 pm

• Fifty Shades of Tax Dodging: How EU Helps Support Unjust Global Tax Systems
  by Yves Smith 9:55 am

• Links 11/4/15
  by Yves Smith 6:55 am

• Martin Wolf on the Low Labor Participation as the Result of the Crapification of Jobs
  by Yves Smith 6:54 am

• Why Has Carbon Capture And Storage Not Taken Off Yet?
  by Yves Smith 6:47 am

• Gaius Publius: A DOJ Lawsuit Against Exxon, a “Slam Dunk” to Win, Would Threaten Investors and Possibly Executives
  by Yves Smith 6:40 am

November 3, 2015

• 2:00PM Water Cooler 11/3/2015
  by Lambert Strether 2:00 pm

• Mussolini-Style Corporatism, aka Fascism, on the Rise in the US
  by Yves Smith 9:55 am

• Links 11/3/15
  by Yves Smith 6:55 am

• “Stunning” Rise in Death Rate, Pain Levels for Middle-Aged, Less Educated Whites
  by Yves Smith 6:54 am

• John Helmer: As Merkel and the EU Look Wobbly and Obama’s Syrian Misadventure Misfires, Will Putin Be the Last Man Standing?
  by Yves Smith 5:10 am

• Who Benefits From Sovereign Debt Crises?
  by Yves Smith 3:06 am

November 2, 2015

• 2:00PM Water Cooler 11/2/2015
  by Lambert Strether 2:00 pm

• ObamaCare Open Enrollment Begins: Fraud-Enabling Front End, Collapsing Co-Ops, Constitutional Challenge
  by Lambert Strether 11:56 am

• Links 11/2/15
  by Lambert Strether 6:55 am

• Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
  by Yves Smith 6:50 am

• Social Networks, Ethnicity, and Entrepreneurship
  by Lambert Strether 1:55 am

• Don Quijones: US Threatens UK over Brexit Vote
  by Yves Smith 1:10 am

November 1, 2015

• Ode to TINA: The New York Times Covers ObamaCare as Enrollment Opens
  by Lambert Strether 11:55 am

• Links 11/1/15
  by Lambert Strether 6:55 am

• The End of the President Erdogan’s AKP Era in Turkey? – Part I
  by Lambert Strether 3:55 am

• VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut
  by Lambert Strether 1:55 am