Econ4 Discusses Jobs and Job Creation
Econ4 has released the first video in its series, The Bottom Line. This offering debunks the propaganda that tax cuts for the wealthy create jobs.
Read more...Author Archives: Yves Smith
More Greek Tragedy
By Delusional Economics, who is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness.
The economic and political troubles of Greece appear to have no end.
Read more...Links 10/29/12
Mr. Market Says the Military Industrial Complex Will Be Largely Spared in Upcoming Grand Bargain
It’s been remarkable to witness the public complacency in the face of the certain-in-trajectory, less-clear-in-details “Grand Bargain” that Obama and Romney are determined to foist on the hapless middle class and poor in this country. One part of the deficit equation that has gotten comparatively little attention: the fact that the military appears likely to be spared the budget axe.
Read more...The Democrats’ Dubious Record on the Supreme Court
One of the rationales generally regarded as a knockout among center-left types in the “who is less terrible, Romney or Obama” debate, is the idea that Presidents nominate Supreme Court justices, and Romney’s picks would be further to the right than Obama’s, particularly as far as their position on social issues like reproductive choice and gay rights are concerned. However, the power to nominate is not the same as the power to appoint. It’s disingenuous for Democratic party operatives and their allies in the punditocracy to act as if the move of the court to the right is solely the doing of evil Republicans.
Read more...A Note on Our Fundraiser and the Hurricane
Hurricane Sandy continues to look like it will be a very serious event. So I’m suspending the fundraiser for now and will resume it after the election.
Read more...FrankenStorm Watch and Possible Weather Related Service Changes (Updated)
This is Naked Capitalism fundraising week. Over 80 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar or read about why we’re doing this fundraiser and other ways to donate, such as by check or WePay, on our kickoff post and one discussing our current target.
Given that the approaching storm has become the event that it eating news coverage, at least if you live in the Eastern US, I thought readers might want to discuss what they are seeing locally and how it tracks with the weather predictions.
Read more...Links 10/28/12
Michael M. Thomas: Naked Capitalism – An Insider’s Guide
By Michael M. Thomas, who figured out Wall Street was not all it was cracked up to be before most of you were born
More than any other forum, Naked Capitalism consistently suggests and proposes new ways to bridge what I consider the abyss that will one day sink us all if Koch brothers-style politics and capitalism have their way: the chasm that lies between what we need to know and what we have been (and will be) allowed to know.
Read more...High Crimes, Great Crash Versus Now (Rajat Gupta/Richard Whitney Edition)
It was stunning when the news first broke that Rajat Gupta, former head of McKinsey, and member of blue chip boards, most notably, Goldman Sachs, Proctor & Gamble, and the Bill and Melinda Gates Foundation, was charged with insider trading. Why would someone who was already rich, and more important, already had the most important commodities can buy, namely status and access, think he needed more?
Contrast Gupta’s behavior with that of the highest profile conviction after America’s last financial crisis, Richard Whitney.
Read more...The Coming Drone Invasion
If you thought the US was a police state, you ain’t seen nuthin’ yet.
Read more...Launching the NC 2012 Fundraiser!
Last year, around this time, NC held its first fundraiser. You helped show that Naked Capitalism was a valuable place for honest discourse, a corner of the world where we could peer into the abyss, together. It worked. Your generosity helped us upgrade the site’s infrastructure, bring in a series of guest bloggers, and in a host of ways large and small, aid us in ruthlessly describing the destructive impact of growing power of elite finance in the US and abroad.
As we move toward the elections, I’m going to ask all of you to join me once again.
Read more...Links 10/27/12
Elderly Americans Burdened by Student Debt Too
The Wall Street Journal has an important story on a phenomenon that’s likely to get more attention by virtue of growth: that of middle aged and elderly Americans saddled by significant amounts of student debt.
Read more...Hugging a Chicken via the Internet
I’m normally try not to go overboard on videos on NC, but this one features two of our pet interests at once: geekery and being nice to animals.
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