John Helmer: Tulip Sanctions – Russia Busts the Dutch Flower Trust, Almost
The Dutch flower market is a monopolist under assault. A case study of an economic and political struggle.
Read more...Author Archives: Yves Smith
Mark Ames of Pando Interviews Your Humble Blogger on Greece
I hope you’ll enjoy this interview with Mark Ames: Naked Capitalism: “We are in the business of making trouble.”
Read more...How Big Corporations Are Starving Public Schools of Billions of Dollars
How big corporate tax avoidance hurts local schools.
Read more...Links 7/29/15
Private Equity Shills Resort to Ludicrous Arguments to Try to Deflect “Carry Fee” Reporting Scandal
The scandal over CalPERS’ failure to track “carry fees” has the industry worried enough that it is offering up ludicrous rationalizations.
Read more...The Balance of Power in the Middle East Just Changed, U.S.-Iranian Relations Emerge from a 30-Year Cold War
Don’t sweat the details of the US/Iran nuclear accord. What matters is that the calculus of power in the Middle East just changed, big time.
Read more...China’s Stock Market Falling Off a Cliff: Why, and Why Care?
What explains the turmoil in Chinese stock markets, and what does it mean for the rest of the world?
Read more...More on the IT Implications of a Grexit
Why it will probably take no less than three years to do the IT implementation related to a Grexit.
Read more...Links 7/28/15
Gaius Publius: One Way to Ease the Worldwide Water Crisis — End Privatization
“We have 15 years to avert a full-blown water crisis.” Why stopping privatization of water will help.
Read more...Dodd Frank’s 5th Anniversary Passes, But Should We Celebrate?
This Real News Network segment gives a detailed assessment of what Dodd Frank did and did not accomplish.
Read more...Greece Negotiations Already Starting to Look Wobbly
Silly me! I thought that given that the Greek government had prostrated itself and had complied with the creditor demand to pass legislation double-plus quickly or else, that the worst of the hurdles to getting the third bailout passed had been surmounted.
I should know better than that.
Read more...The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes
Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.
Read more...The Previous Sole Superpower: From the Opium Wars to the Origin of the Species
The Opium Wars illustrate the brutal effectiveness of Great Britain’s use of a particular notion of freedom as a means of conquest.
Read more...Comparison of Greek and English Version of Kathimerini Scoop on Varoufakis Parallel Currency Plan
Filling in some details on a bombshell report about a call that Varoufakis had with hedge fund managers about a parallel currency.
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