Some of the favored children of the economic elite who have a public presence, work hard in their writing and speaking to divert attention from inequality and oligarchy issues by raising the issue of competition between seniors and millennials for “scarce” Federal funds.
Read more...Former SEC enforcement lawyer James Kidney discusses the agency’s shortcomings and suggests reforms.
Read more...Yves here. This post summarizes a paper that argues that derivatives, specifically credit default swaps, exacerbated the severity of the European sovereign debt tsuris. This sort of analysis deserves a wider audience, precisely because the prejudice of both neoclassical and neoliberal economists is that markets are ever and always virtuous, and that prices are never wrong unless someone is interfering (with labor unions the preferred bad example).
Read more...Law Professor Adam Levitin argued that we peons should make counterclaims against General Mills’ overreaching arbitration policy.
Read more...In this Real News Network report, Michael Hudson discusses the news blackout in the US as far as critical developments in the Ukraine are concerned, and how the distortions and gaps in reporting exceed those in the runup to the Iraq War.
Read more...To enable it to continue to engage in misleading labeling and advertising, General Mills claims that anyone who buys its products or even merely is dumb enough to like it on Facebook has consented to arbitration.
Read more...An article by Kate Berry in American Banker earlier this week hasn’t gotten the attention it deserves. Anyone who was paying attention to the mortgage beat in 2010 through 2012 knew that mortgage securitization originators and servicers were playing fast and loose with critical documents like mortgage notes because they couldn’t be bothered to observe […]
Read more...Yves here. This post points out how parochial Corporate America has become in its looting. Look at how some not-very-large changes in approach would leave those fat cats much better off! And they wouldn’t be so terrible for the rest of us either.
Read more...How the junk food industry tries to get its way with young children in India.
Read more...Who in their right mind would want to invest in a search fund?
Read more...How the Troika is overriding national constitutions and popular will to strip-mine Europe’s periphery countries on behalf of banks.
Read more...We are delighted to feature this post from Roy Poses, who with his colleagues at Health Care Renewal, have been providing consistently high quality analysis of the often dubious practices and economics of the health care system.
Read more...Yves here. This post is a devastating critique of current Fed policy. But Alford sets his stage carefully before delivering his conclusions, so don’t be deceived by the tone of the early sections.
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