The Ludicrous Prepper Plans of the Super Rich
A perverse bit of good news: the super rich aren’t planning their survival moves any better than they are executing their leadership roles.
Read more...Category Archives: Banana republic
Life’s a Pitch
Another sign of economic insecurity: the pitch economy, where competition becomes more and more degrading.
Read more...Trump and the Infrastructure of Fascism
How Trump’s infrastructure plan is a thinly-disguised privatization and deregulation scam.
Read more...School Funding Fight in Illinois: Billionaire Ex-Private Equity Governor Rauner v. 2 Million Students
Yves here. Notice how all the hysteria over evil Rooskies, North Korea, and neo-Nazis on the march has diverted media attention away from fights over economic issues? In Illinois, Governor Rauner is pushing through a scheme to curb funding to schools that is designed to hit lower property tax districts and Chicago particularly hard. Some […]
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Financial Regulatory Rollback Proceeds
No new legislation is necessary for financial regulatory rollback to proceed. Enforcement priorities fail to target Wall Street.
Read more...Fiduciary Rule: Helps Not Hurts Wall Street, So Full Rescission Unlikely
WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.
Read more...“The Changing of the Guard:” The Prescient 1980 Book That Foretold the Democrat Love Affair With Neoliberalism
How up and coming Democrats in the 1970s and 1980s decided being wannabe Republicans was a path to power.
Read more...Wall Street Journal Deigns to Notice Costly Indiana Toll Road Failure, Depicts It as Isolated When Toll Roads “Consistently” Go Bust
Toll road projects have consistently failed over the last decade and a half, but you never hear that in the mainstream press.
Read more...Foxconn’s Con: Seeking Whopping Subsidies for Wisconsin, Michigan Manufacturing Jobs…If They Happen
What the dodgy Foxconn scheme to build factories in the US says about Trump’s commitment to job creation.
Read more...Trump as “Consequence, Not Cause” of the Collapse in the Post Cold War Consensus
How press and pundit fixation on Trump diverts public attention from power structures that work against ordinary Americans.
Read more...GOP and Democrats Push Trump on Tax Reform
Both parties only have sketches of tax reform plans, and each has basic deficiencies.
Read more...Private Equity Flouts State Regulations by Buying Medical Practices
State regulators have ignored private equity firms buying medical practices when many states bar non-MDs from owing them.
Read more...Gauis Publius: There Is No “Political Center” in Modern America
Debunking a political fiction that guides Democratic party thinking and messaging.
Read more...Quelle Surprise! Financial Firm Fines Are Way Down Under Trump
The latest sighting on how financial firms are getting off easy, yet have the bad taste to complain about their paltry punishments.
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