Instant Payment Services – Payer Beware
How the New York Times does its readers a huge disservice by not telling them that so-called “instant payment services” are anything but that.
Read more...Author Archives: Yves Smith
CalPERS Admits to Guilt in Misleading Beneficiaries and Taxpayers About Its Returns by Changing Report After Being Called Out
CalPERS tries to pull a fast one in its claims about its long-term return, and only digs its hole deeper when caught out.
Read more...Missouri State Public Defender’s Office Appoints Governor Jay Nixon To Serve as Public Defender
Missouri Governor Jay Nixon is hoist on his ant-poor, budget-cutting petard.
Read more...Shaky State of North-South Relations
North-South, or developed-emerging economy dealings, are becoming more contentious.
Read more...Links 8/3/16
Americans for Financial Reform Calls Out Private Equity Broker-Dealer Abuses as Latest Example of SEC’s Weak, Selective Enforcement
Americans for Financial Reform, an influential group, calls on the SEC to act to combat a long-standing private equity abuse.
Read more...Financialization and its Discontents
Untangling the credit versus money focus in the critiques of financialization.
Read more...Brexit Realism: Maybe Voters Were Not Dumb
By David Miles, Imperial College Business School. Originally published as a chapter in the VoxEU ebook, Brexit Beckons: Thinking ahead by leading economists, available to download free of charge To some, the Brexit referendum was a failure by economists to persuade UK voters that leaving the EU would entail major economic costs. This column argues […]
Read more...Reminder: NYC Meetup This Friday, August 5!
If you’ll be in or near NYC this Friday, please drop by our meetup.
Read more...European Bank Shares Fall Out of Bed as Monte dei Paschi Rescue Fails to Reassure
Investors in European bank shares are in a bit of a panic, and for good reason.
Read more...Links 8/2/16
A New Low: The New York Times’ Children’s Bedtime Story of Private Equity
The New York Times wraps up a feeble yet costly series on private equity with a cringe-maknig slide show.
Read more...5 Ways Corporate Power Increases Inequality
How corporate power squeezes the middle class.
Read more...John Helmer: The Collapse of Russian Real Estate Investment – Will Children and Chinese Tourists Save the Mall?
Why the plunge in Russian commercial real estate prices reveals the large role of money laundering.
Read more...The Politically Expedient German Scheme for Eurozone Sovereign Debt Bail-Ins
Yet another half-baked European bail-in plan.
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