The Shafting, Um, Sharing Economy
The Wall Street Journal, of all places, describes the dark economic underbelly of Uber and other Orwellianly-named “sharing” services.
Read more...Author Archives: Yves Smith
A Parallel Currency for Greece: Part II
Yves here. I’m quite interested in reader reactions to this scheme. My big reservation is that the amount of the scrip devised by the authors, the TCC, has to be limited to the an amount of discount of future tax payments that is deemed to be credible. Given that Bill Mitchell has estimated that Greece […]
Read more...A Parallel Currency for Greece: Part I
A review of the pros and cons of various parallel currency options for Greece.
Read more...Check Out Our “Improved” Mobile Version
We’ve (hopefully) resolved the CSS problems that were making Naked Capitalism render poorly on mobile devices. Please check out the new version!
Read more...Links 5/25/15
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...