Do You Vote Democrat As A Default Position? BIG Mistake!
A list of Congressional Democrats on the Wall Street meal ticket.
Read more...Author Archives: Yves Smith
Slavery At Sea: The Ugly Underbelly Of Oil Shipping
A Pulitzer-prize wining series last year exposed slavery in commercial fishing. Sadly, it is taking place in oil shipping too.
Read more...Kentucky Pension Fund: “Like a 3rd World Country with 2 Different Governments Claiming Power”
Kentucky is now practicing pension fund governance at the barrel of a gun.
Read more...Links 6/20/16
North Carolina Threatens to Cancel Toll Road Project, Showing Political Risk of Infrastructure Deals
North Carolina’s House has voted to exit a toll road deal despite high expected cancellation costs.
Read more...Chaos Theory, Shocks, and Fragility, Australia and Elsewhere
Australia and other countries had the opportunity to reduce financial fragility. They may soon discover the cost of doing too little.
Read more...Links 6/19/16
5 Eco-Friendly Social Housing Projects
Demonstrating that public housing can be attractive and environmentally responsible.
Read more...Curbing Monopolies Promotes Growth, Lowers Inequality
More aggressive anti-trust enforcement, not surprisingly, would spur growth and help the poor.
Read more...Links 6/18/16
Why Did 51 American State Department Officials ‘Dissent’ Against Obama and Call for Bombing Syria?
A troubling internal cable signed by a host of U.S. diplomats blames Obama for not striking Syria earlier.
Read more...French President Threatens to Outlaw Protests Against Labor Reforms
An update on the labor protests in France.
Read more...HR 5424, “Investment Advisers Modernization Act,” a “Get Out of Madoff and Other Frauds for Free” Bill, Passes Financial Services Committee
HR 5424, intended to make life even easier for potential securities law abusers, got considerable support from Democrats on the Financial Services Committee.
Read more...Links 6/17/16
Unequal Gains: American Growth and Inequality Since 1700
American history suggests that inequality is not driven by some fundamental law of capitalist development, but rather by episodic shifts in five basic forces: demography, education policy, trade competition, financial regulation policy, and labour-saving technological change.
Read more...