Monthly Archives: October 2016

October 31, 2016

• 2:00PM Water Cooler 10/31/2016
  by Lambert Strether 2:00 pm

• A Martian Looks at Election Day
  by Lambert Strether 12:35 pm

• Links 10/31/16
  by Lambert Strether 6:55 am

• The Spirit of Liberalism: What is Liberalism? What is the Left?
  by Outis Philalithopoulos 6:15 am

• CalPERS Plans to Violate California Constitution, Pave Way for Hiring Under-Qualified Candidate, for Critically Important Job of Chief Actuary
  by Yves Smith 6:00 am

• Noam Chomsky: Why It’s a Big Danger to Dismiss the Anger of Trump Voters
  by Lambert Strether 5:55 am

October 30, 2016

• Will the Cost of a “Self-Driving Taxi” Really Be Sixty-Seven Cents ($0.67) a Mile? McKinsey’s Mysterious Footnote 17
  by Lambert Strether 1:35 pm

• Links 10/30/16
  by Lambert Strether 6:55 am

• Thieves’ Picnic at Trust Bank: Russia’s Biggest Bank Heist Gets Worse, and Worsley
  by Lambert Strether 6:25 am

October 29, 2016

• Links 10/29/16
  by Yves Smith 6:55 am

• TRIPS: The Story of How Intellectual Property Became Linked to Trade
  by Yves Smith 4:41 am

• Gaius Publius: Syria Is Another Pipeline War
  by Yves Smith 4:33 am

• Lawbreaking AirBnB At It Again: Sends Out Spam That Violates CAN-SPAM Act
  by Yves Smith 3:30 am

October 28, 2016

• 2:00PM Water Cooler 10/28/2016
  by Lambert Strether 2:00 pm

• Inequality As Policy: Selective Trade Protectionism Favors Higher Earners
  by Yves Smith 9:55 am

• Links 10/28/16
  by Yves Smith 6:55 am

• Private Equity Consultant Hamilton Lane Trots Out New Excuse, “Evil Populists,” for Already-Flagging Private Equity Performance
  by Yves Smith 6:37 am

• Why the ECB is Going to Print, Print, PRINT!
  by Yves Smith 5:18 am

• Nomi Prins: Hillary Clinton Will Continue the Big Bank Protection Racket
  by Yves Smith 3:46 am

• Confirming Our Meetup in Dallas Next Wednesday, November 2!
  by Yves Smith 3:00 am

October 27, 2016

• 2:00PM Water Cooler 10/27/2016
  by Lambert Strether 2:00 pm

• The Danger of Germany’s Current Account Surpluses
  by Yves Smith 9:55 am

• Links 10/27/16
  by Yves Smith 6:55 am

• Wolf Richter: Layoffs at Alphabet Access to Hit 9%, Google Fiber to “Pause” Plans, CEO Leaves, as Alphabet Cracks Down on Costs
  by Yves Smith 4:42 am

• Baby Bonds: A Plan for Black/White Wealth Equality Conservatives Could Love?
  by Yves Smith 4:04 am

• Is the US Headed Towards War in Syria?
  by Yves Smith 2:50 am

October 26, 2016

• 2:00PM Water Cooler 10/26/2016
  by Lambert Strether 2:00 pm

• “Should We Rethink Fiscal Policy?”
  by Yves Smith 9:55 am

• Links 10/26/16 and a BIG Fundraiser Thanks!
  by Yves Smith 6:59 am

• “Hilariously Corrupt”: Former SEC Chairman Arthur Levitt Attacks Elizabeth Warren for Criticizing SEC Inaction; He Did Just That in 2015
  by Yves Smith 6:58 am

• Act on Air Pollution, the Silent Killer
  by Yves Smith 6:29 am

• How Does Diversity Affect Economic Growth? A Look at Data on Immigration, Tax Rates and Real GDP per Capita
  by Yves Smith 6:07 am

October 25, 2016

• Down to the Wire, Last Chance for 2016 Fundraiser
  by Yves Smith 10:50 pm

• Countdown!
  by Yves Smith 8:30 pm

• Final Hours of Fundraiser, Blasted Through New Donor Goal
  by Yves Smith 5:12 pm

• 2:00PM Water Cooler 10/25/2016
  by Lambert Strether 2:00 pm

• CFPB’s Project Catalyst Relies on Financial Innovation Fairy to Rescue the Underbanked
  by Jerri-Lynn Scofield 9:55 am

• Procrastinators of the World, Unite! Last Day, Last Chance for Our Fundraiser!
  by Yves Smith 9:45 am

• Links 10/25/16
  by Yves Smith 6:55 am

• Dean Baker: Rigged – How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer
  by Yves Smith 6:50 am

• Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street
  by Yves Smith 6:05 am

• Rise of the Politics of Rage
  by Yves Smith 5:30 am

October 24, 2016

• 2:00PM Water Cooler 10/24/2016
  by Lambert Strether 2:00 pm

• Validating Wikileaks Emails [Just The Facts]
  by Yves Smith 9:55 am

• Why Not Listening to Naked Capitalism Is a Mistake (and We Mean You, CalPERS)
  by Yves Smith 9:32 am

• Links 10/24/16
  by Yves Smith 6:55 am

• Another Huge Brexit Spanner in the Works: UK Faces Customs Train Wreck With Need for IT Upgrade
  by Yves Smith 6:11 am

• Ilargi: Ungovernability
  by Yves Smith 4:06 am

• Wolf Richter: Wells Fargo Hasn’t Changed One Iota – Aggressive Cross Selling Baked In
  by Yves Smith 1:26 am

October 23, 2016

• How Naked Capitalism Leaves Advertising Dollars on the Table to Protect Your User Experience
  by Lambert Strether 10:20 am

• Announcing the 2016 Harry Shearer Challenge!
  by Yves Smith 9:55 am

• Links 10/23/16
  by Yves Smith 6:55 am

• China’s Insanely Leveraged Housing Market Will Enter Its Secular Bear Market In 2017
  by Yves Smith 4:32 am

• Ilargi: Why the Energy Crisis is Coming Sooner Than Most Experts Forecast
  by Yves Smith 2:21 am

October 22, 2016

• Mark Ames: Why Finance Is Too Important to Leave to Larry Summers
  by Yves Smith 9:32 am

• Links 10/22/16
  by Yves Smith 6:55 am

• Hoisted From Comments: Decoding the Misleading Metaphors of Money and Banking
  by Yves Smith 6:17 am

• Podcast: Iceland – Offshorisation, Collapse and Recovery. What Are the Lessons?
  by Yves Smith 5:57 am

October 21, 2016

• 2:00PM Water Cooler 10/21/2016
  by Lambert Strether 2:00 pm

• Here’s What Economists Don’t Understand About Race
  by Yves Smith 9:55 am

• The Best Part of This Week
  by Yves Smith 9:36 am

• Links 10/21/2016
  by Jerri-Lynn Scofield 6:55 am

• How 401(k) Plans Stack the Deck to Get Chump Investors to Sign Up for Doggy Sponsor Funds
  by Yves Smith 6:30 am

• Bill Black: Bank of England Says Authorities Mustn’t Fine Banks Because Groaf
  by Yves Smith 5:09 am

• Nick Turse: The Killing Fields of South Sudan
  by Yves Smith 4:28 am

October 20, 2016

• 2:00PM Water Cooler 10/20/2016
  by Lambert Strether 2:00 pm

• The Return of the Repressed Critique of Rentiers – Veblen in the 21st Century
  by Yves Smith 9:55 am

• Don’t Be An Obamamometer: Support Naked Capitalism and Critical Thinking
  by Jerri-Lynn Scofield 9:45 am

• Links 10/20/2016
  by Jerri-Lynn Scofield 6:55 am

• The Evidence Is Clear: Population Growth and Prosperity Are NOT Linked
  by Yves Smith 4:41 am

• Meetup in Dallas on Wednesday, November 2?
  by Yves Smith 3:16 am

October 19, 2016

• Wow! Met Our Fourth Goal, On to Our Fifth: More Original Reporting
  by Yves Smith 10:57 pm

• 2016 Presidential Debate #3, Trump v. Clinton (University of Nevada, Las Vegas): Live Blog
  by Lambert Strether 8:30 pm

• 2:00PM Water Cooler 10/19/2016
  by Lambert Strether 2:00 pm

• Understanding Moral Repugnance: The Case of the US Market for Kidney Transplantation
  by Yves Smith 9:55 am

• Naked Capitalism: “Covers Crucial Issues With Considerable Intensity”
  by Yves Smith 9:40 am

• Links 10/19/16
  by Lambert Strether 6:55 am

• Blackstone’s Tony James Touting What Looks Like Hillary’s Scheme to Gut Social Security
  by Yves Smith 6:41 am

• Salvation Army Slams New Zealand’s Loose Immigration Policy for Hurting Local Workers
  by Yves Smith 6:09 am

• A Framework for Thinking About Bad Loans
  by Yves Smith 5:54 am

• Be Sure to Catch Lambert’s Presidential Debate LiveBlog/Open Thread Tonight at 9 PM EDT
  by Yves Smith 4:41 am

October 18, 2016

• Announcing the 2016 Double Your Donations Challenge!
  by Yves Smith 2:17 pm

• 2:00PM Water Cooler 10/18/2016
  by Lambert Strether 2:00 pm

• Trump, Clinton, Obama and the TPP
  by Yves Smith 9:55 am

• Naked Capitalism: Once More Unto The Tip Jar, Dear Friends
  by Yves Smith 9:50 am

• Links 10/18/16
  by Lambert Strether 6:55 am

• New York Pension Regulator Shellacks State for Overpaying for Hedge Fund Underperformance, Enabling Private Equity Fee Secrecy
  by Yves Smith 6:54 am

• How the Housing Bubble is Remaking Australia’s Class Structure
  by Yves Smith 5:40 am

• Perfect Hindsight: on Breder Suasso of NZ and elsewhere, Global Transaction Services, of Hong Kong, Georgia (US) and London, mBank and Pekao Bank SA of Poland, and Ceska Sporitelna AS of the Czech Republic
  by Richard Smith 4:50 am

• Bravo! Met Our Third Goal, on to the Fourth!
  by Yves Smith 4:43 am

October 17, 2016

• 2:00PM Water Cooler 10/17/2016
  by Lambert Strether 2:00 pm

• The Clinton Goldman Speeches: No Smoking Guns, but a Munitions Dump Instead
  by Lambert Strether 1:00 pm

• The Mainstream Media’s Phony War
  by Clive 9:50 am

• Links 10/17/16
  by Lambert Strether 6:55 am

• Important Labor Fights Are Going Down at Ivy League Schools
  by Lambert Strether 5:55 am

• We’re Not in a New Cold War – It’s Far Worse
  by Yves Smith 3:27 am

• Why Italy’s Banking Crisis is Spiraling Out of Control
  by Yves Smith 2:52 am

October 16, 2016

• The Wacky MACRA Final Rules (and The Crapification of Rural Health Care)
  by Lambert Strether 12:55 pm

• Naked Capitalism Rocks! Help the Best Blog on the Planet!
  by Yves Smith 10:00 am

• Links 10/16/16
  by Lambert Strether 6:55 am

• The Great Normalisation of Global Trade
  by Lambert Strether 4:25 am

October 15, 2016

• Wow! Met Our Second Fundraising Target Pronto, on to the Third!
  by Yves Smith 6:08 pm

• Yes, We’re Sorry About the PayPal
  by Clive 9:55 am

• Links 10/15/16
  by Yves Smith 6:55 am

• Gaius Publius: Considering the Coming Megadrought in the American Southwest
  by Yves Smith 4:13 am

• How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud
  by Yves Smith 3:58 am

October 14, 2016

• 2:00PM Water Cooler 10/14/2016
  by Lambert Strether 2:00 pm

• Naked Capitalism: Getting Through the Stupids to the Important
  by Yves Smith 10:00 am

• The SEC Fiddles While the System Burns: Insider Trading Enforcement As Securities Law Theater
  by Jerri-Lynn Scofield 9:55 am

• Wow! Met Our First Fundraiser Target in Record Time! Next is More Meetups and Travel
  by Yves Smith 9:50 am

• Links 10/14/16
  by Yves Smith 6:57 am

• Unemployment Insurance Extension During Great Recession Did Not Destroy Jobs
  by Yves Smith 4:06 am

• Earth to Regulators: If You’re Going to (Hopefully) Ding John Stumpf, Don’t Miss Henry Kravis, Leon Black, et al.
  by Yves Smith 3:12 am

• Just How Hard Is It To Cut US Greenhouse Gases?
  by Yves Smith 1:15 am

October 13, 2016

• Fundraiser 2016: Naked Capitalism – The Next Ten Years
  by Yves Smith 2:31 pm

• What We’ve Done for You in the Past Year
  by Yves Smith 2:30 pm

• 2:00PM Water Cooler 10/13/2016
  by Lambert Strether 2:00 pm

• CFPB Looks Here to Stay: What Does the Future Hold?
  by Jerri-Lynn Scofield 9:55 am

• Links 10/13/16
  by Yves Smith 6:59 am

• Wall Street Journal’s Greg Ip Makes Counterfactual Arguments to Defend Bloated Banking Industry
  by Yves Smith 6:54 am

• Almost Nobody Is Satisfied With Wells Fargo CEO John Stumpf’s Overdue Departure
  by Yves Smith 6:54 am

• Social Democracy, the “Third Way,” and the Crisis of Europe, Part 3
  by Yves Smith 6:01 am

October 12, 2016

• 2:00PM Water Cooler 10/12/2016
  by Lambert Strether 2:00 pm

• As ObamaCare Death Spiral Continues, Flailing Institutions Attempt to Cope
  by Lambert Strether 12:45 pm

• Links 10/12/16
  by Yves Smith 6:55 am

• Appeals Court Ruling That CFPB’s Structure Is Unconstitutional: A Stealth Win?
  by Yves Smith 5:14 am

• America’s Military and Diplomatic Power in Visible Decline
  by Yves Smith 3:42 am

• How Housing Bubbles Destroy Productivity
  by Yves Smith 3:05 am

• Could Falling Chinese Oil Production Kill The OPEC Deal?
  by Yves Smith 12:02 am

October 11, 2016

• 2:00PM Water Cooler 10/11/2016
  by Lambert Strether 2:00 pm

• Switzerland Seen Backing Down on Supporting Tax Haven USA
  by Yves Smith 9:55 am

• Links 10/11/16
  by Yves Smith 6:55 am

• Wolf Richter: Millennials Blamed for Lousy Economy
  by Yves Smith 6:22 am

• Even CalPERS Admits Private Equity Returns Are Fizzling
  by Yves Smith 5:12 am

• RBS Looted Small Business Customers, Deliberately Driving Thousands in Bankruptcy, While Under Government Ownership
  by Yves Smith 1:50 am

October 10, 2016

• 2:00PM Water Cooler Columbus Day 2016
  by Lambert Strether 2:00 pm

• Not So Wondrous Drugs? – New Warnings about Severe Adverse Effects of New, Heavily Marketed Drugs for Hepatitis C
  by Yves Smith 9:55 am

• Links 10/10/16
  by Yves Smith 6:59 am

• Ham-Handed Theresa May “Hard Brexit” Stance Roils UK Pols, Not Just EU
  by Yves Smith 6:57 am

• Private Equity Double Standard: California’s John Chiang, Other State Officials Happily Ding Headline-Grabbing Wells But Look Other Way With PE
  by Yves Smith 6:00 am

• The Billion Barrel Oil Swindle: 80% Of U.S. Oil Reserves Are Unaccounted-For
  by Yves Smith 1:20 am

October 9, 2016

• 2016 Presidential Debate #2, Trump v. Clinton (Washington University): Live Blog
  by Lambert Strether 8:30 pm

• Links 10/9/16
  by Lambert Strether 6:55 am

• Economic ‘Recovery’ Feels Weak Because the Great Recession Hasn’t Really Ended
  by Lambert Strether 6:45 am

• Piketty’s Rising Share of Capital Income and the US Housing Market
  by Lambert Strether 5:55 am

October 8, 2016

• Links 10/8/16
  by Yves Smith 6:55 am

• The IMF, Globalization, and All The Other Losers
  by Yves Smith 4:43 am

• Michael Hoexter: A Pocket Handbook of Soft Climate Denial
  by Yves Smith 3:12 am

• Be Sure to Catch Lambert’s Presidential Debate LiveBlog/Open Thread Tomorrow at 9 PM EDT
  by Yves Smith 1:22 am

October 7, 2016

• 2:00PM Water Cooler 10/7/2016
  by Lambert Strether 2:00 pm

• The CETA Trade Pact Will Add to the Groundswell of Discontent: Why We Need More Informed Decision-Making
  by Yves Smith 9:55 am

• Links 10/7/16
  by Yves Smith 6:55 am

• Latest Social Democracy, the “Third Way,” and the Crisis of Europe, Part 2
  by Yves Smith 6:27 am

• After 30 Years of Investing in Private Equity, Washington Decides That It Might Help if Its Board Knew What It Was Doing
  by Yves Smith 6:15 am

• Calling All Wells Fargo Whistleblowers!
  by Yves Smith 4:39 am

October 6, 2016

• 2:00PM Water Cooler 10/6/2016
  by Lambert Strether 2:00 pm

• Are Our Earnings Really Our ‘Just Deserts’?
  by Yves Smith 9:55 am

• Links 10/6/16
  by Lambert Strether 6:55 am

• The Quiet Desperation of Millennials
  by Yves Smith 4:52 am

• The Brexit Rupture Coming Down Under
  by Yves Smith 3:14 am

• We’re Past the Point of No Return for Climate Change
  by Yves Smith 2:02 am

October 5, 2016

• 2:00PM Water Cooler 10/5/2016
  by Lambert Strether 2:00 pm

• Don Quijones: Rescue of Italy’s Monte dei Paschi Gets ‘Dark’ & ‘Complicated’
  by Yves Smith 9:55 am

• Links 10/5/16
  by Yves Smith 6:55 am

• Blackstone Presents New Fee Scheme: Tricky Fees are Dead, Long Live Tricky Fees!
  by Yves Smith 4:07 am

• How Trump and Clinton Gave Bad Answers on US Nuclear Policy….And Why You Should Be Worried
  by Yves Smith 3:18 am

October 4, 2016

• 2016 Vice-Presidential Debate, Pence v. Kaine (Longwood University): Live Blog
  by Lambert Strether 8:30 pm

• 2:00PM Water Cooler 10/4/2016
  by Lambert Strether 2:00 pm

• The Prospects for Technology-Driven Growth: Dismal or Dazzling?
  by Yves Smith 9:55 am

• Links 10/4/16
  by Yves Smith 6:55 am

• Democracy. Capitalism. Socialism. Choose Any Three of the Above
  by Yves Smith 6:14 am

• Gaius Publius: A Clinton Speech to Millennials That Will Work
  by Yves Smith 3:10 am

• Black Lives Matter Co-Founder Alicia Garza on the Global Movement for Black Lives
  by Yves Smith 2:43 am

October 3, 2016

• 2:00PM Water Cooler 10/3/2016
  by Lambert Strether 2:00 pm

• Self-Driving Cars: How Badly Is the Technology Hyped?
  by Lambert Strether 12:45 pm

• Links 10/3/16
  by Lambert Strether 6:55 am

• Hoisted From E-mail: “Shock Doctrine Against CalPERS”
  by Yves Smith 6:30 am

• 7 Signs That China Is Serious About Combating Climate Change
  by Lambert Strether 5:55 am

• Smoke And Mirrors: What Did OPEC Really Agree On?
  by Yves Smith 1:57 am

• Be Sure to Join Lambert’s Vice Presidential Debate LiveBlog/Open Thread Tomorrow at 9 PM EDT
  by Yves Smith 12:49 am

October 2, 2016

• A Review of David Fleming’s Lean Logic (and Resilience)
  by Lambert Strether 12:35 pm

• Links 10/2/16
  by Lambert Strether 6:55 am

• Don Quijones: Stealth Bailout of 2 Franken-Banks Now Happening in Spain
  by Lambert Strether 6:25 am

October 1, 2016

• Links 10/1/16
  by Yves Smith 6:55 am

• Cerberus Uses Private Equity Looting Strategy With Scandal-Ridden Steward Health Care Hospitals
  by Yves Smith 3:25 am

• When Bank Boards Get Too Cozy, Expect Misconduct
  by Yves Smith 2:40 am