Author Archives: Yves Smith
Ilargi: Mario Draghi’s Slippery Downward Slope
Mario Draghi is more and more visibly meddling in politics, yet another reminder that central bank “independence” is a fig leaf.
Read more...Gaius Publius: Hillary, TPP, the World of Money, and the Center for American Progress
There is no way that Hillary Clinton is not a strong supporter of TPP and Fast Track
Read more...The Happiness Industry: How Government and Big Businesses Manipulate Your Moods For Profit
How efforts to motivate and instill loyalty among workers and citizens by trying to mass produce happiness have backfired.
Read more...Gaius Publius: The Constant Cost of Carbon — Another California Oil Spill
The climate/political nexus behind the latest California oil spill.
Read more...Links 5/23/15
Good News on TPP, as Senate Passes Fast Track Bill with Human Trafficking Poison Pill
Revenge is a dish best served cold. Senator Bob Menendez just served an even bigger plate than he intended via an amendment to Obama’s Fast Track bill that thanks to some Republican help, didn’t get modified into mere symbolism. Ooops!
Read more...Wolf Richter: Atlanta Fed ‘Sticky CPI’ Soars, Hottest Inflation Since July 2008
A jump in “sticky CPI” suggests the Fed may be close to getting the data excuses it needs to raise interest rates.
Read more...SEC Commissioner Kara Stein Issues Blistering Dissent on Waivers for Bank Recidivists
SEC Commissioner Kara Stein strikes again, this time to object to the SEC giving waivers to recidivist bank bad actors.
Read more...“The Art of the Gouge”: NYU as a Model for Predatory Higher Education
A group of 400 NYU faculty members documents how the school fleeces students to pay for gold-plated administrator pay and perks.
Read more...Matt Taibbi on Democracy Now: Banks Admit to Crimes, Pay $5 Billion, And Still No One Goes to Jail
So why shouldn’t banks admit to criminal conduct? They get slap on the writs fines and no one goes to jail.
Read more...The Not-Brexit Negotiations as UK Referendum Looms
While virtually no one expects a Brexit, history suggests would be naive to expect the upcoming negotiations between the UK and EU to be a cakewalk.
Read more...Barney Frank Denies Earlier Reports That He Called for Weakening Dodd Frank Private Equity Reforms
Barney Frank says that he stands by Dodd Frank registration of private equity firms, walking back a widely-reported earlier remark that gave the industry great cheer.
Read more...Links 5/21/15
Wall Street’s Nemesis, Benjamin Lawsky, to Resign in June
Yesterday was a sad day for American citizens. Benjamin Lawsky, the Superintendent of the New York State Department of Financial Services, announced that he was resigning in June.
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