Why Friendship Isn’t What It Used to Be
Why are adult friendships in retreat?
Read more...Author Archives: Yves Smith
Hillary Clinton Indicates She is Open to Raising the Retirement Age
Hillary Clinton again reveals her inner neoliberal in suggesting that raising the retirement age might not be a bad idea.
Read more...Is the Billionaire-Creating Carried Interest Loophole an Endangered Species?
An internationally recognized tax expert told me a few months ago that the widely-mislabeled “carried interest” loophole was on its deathbed. A new PBS video lends some support to this bold call.
Read more...Links 10/30/15
A Dispatch from Germany: The Rhetoric of Competition in Everyday Life and Varoufakis’s Endless Relitigation of the Bailout:
By Nathan Tankus, a writer from New York City. Follow him on twitter at @NathanTankus Wednesday I attended a debate between Yanis Varoufakis and Hans Werner Sinn. I will not summarize the debate (I’m told the video will be up next week), but instead give my reading of the debate and wider impressions of attitudes […]
Read more...How Repo Works
A primer on repo, which due to its critical role in funding major dealer banks, is an important component of bank reform efforts.
Read more...Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...Why is Helane Morrison, General Counsel for Hall Capital, Fund Manager for the Super-Rich, Attacking SEC Investor Protection?
Earlier this month, we excerpted a section of a panel discussion from an SEC securities enforcement conference. It showed the degree to which former senior SEC officials who’ve gone into private practice openly ridicule the idea that the SEC should do its job, for instance, by deriding enforcement as “gotcha”. Today, we’ll look at the […]
Read more...George Washington: The 6 Reasons China and Russia Are Catching Up to the U.S. Military
It’s a wonder the US was able to maintain its military dominance as long as it has, given the scale of looting.
Read more...What the Steve Jobs Movie Won’t Tell You About Apple’s Success
How Steve Jobs’ successes were government sponsored enterprises.
Read more...Links 10/27/15 and BIG Fundraiser Thanks!
Elizabeth Warren on How Clinton Backed Student Loan and Mortgage Debt Slavery with Bankruptcy “Reform”
A sorry chapter of Hillary Clinton’s legislative record was her vote in support of the 2005 bankruptcy “reform” bill.
Read more...UPS Continues Its “Wreck the Post Office” Campaign, Presses for Increases on Parcel Prices
An important update in UPS’ campaign for the stealth privatization of the Post Office.
Read more...Oxford Professor Schools CalPERS: Contrary to Board Presentation, Private Equity is “Most Expensive Asset Class, By Far”
Oxford professor Ludovic Phalipoou uses a recent CalPERS board meeting as a teaching tool in his private equity class. Even with him bending over backwards to be fair, the results are seldom flattering to CalPERS.
Read more...Countdown!
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