Does Better Internet Access Wind Up Disenfranchising Lower Income Groups?
As counterintuitive as it seems, reducing the “digital divide” may not be the plus its advocates assumed it was, if the UK experience is any guide.
Read more...Author Archives: Yves Smith
Another Hillary Falsehood: She Didn’t Tell Banks to “Cut it Out” Pre Crisis; She Blamed Homeowners
Hillary Clinton’s nose is getting so long that she needs to get a hacksaw.
Read more...Links 1/30/16
Chinese Slowdown and the World Economy
China’s slowdown started years ago, not last year. And the impact on the US is likely to be lower than news reports would lead you to believe.
Read more...Bill Black: Announcing the Bank Whistleblowers’ Group’s Initial Proposals
Bill Black is spearheading an important initiative by bank whistleblowers to combat fraud and other abuses by banks.
Read more...How Central Banks (and Even Keynes) Misled the Public About Banking and Money
How and why central bankers and conservative economists created the bogus “fractional reserve” and “debt intermediation” theories of banking.
Read more...Links 1/29/16
Low-Income Housing Shows How Tax Credits Funnel Dollars to the Wealthy Under the Guise of Benefits to the Poor
How tax credits to subsidize social programs like low income housing are really welfare for the rich.
Read more...Flint: Let Them Drink Pollution?
Why the crisis in Flint, Michigan is about race and class, and the American nightmare of metastasizing inequality of wealth and power.
Read more...Wolf Richter: Inadequate Corporate Investment Falls Even Further
Lousy levels of corporate investment are only getting worse….much worse.
Read more...Fiscal Cost of Refugees in Europe
Data in Sweden shows that even with generous support for refugees, the costs are not high.
Read more...Office of Financial Research Warns of Corporate Debt Defaults, Particularly Related to Energy Loans, as Stability Risk
Nothing like the downgrades and the prospect of default to focus the mind….
Read more...Links 1/28/16
“This is Just Evil”: Massive Private License Plate Database Tracks Car Locations Over Years
Large-scale logging of time and location stamped license plate data, retained over years, means Big Brother knows where you have been.
Read more...Krugman’s Cowardly, Dishonest Attack on David Dayen Over Krugman’s Misrepresentation of Sanders’ Financial Reforms
Paul Krugman’s recent posts have been most peculiar. Several have looked uncomfortably like special pleading for political figures he likes, notably Hillary Clinton.
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