How Taxpayers Subsidize AirBnB’s Cheap Prices
How you lose when AirBnB wins.
Read more...Category Archives: Banana republic
A Tale of Two Retirements: The Great Divide Between CEOs and Everyone Else
Pension, compensation, and tax rules exacerbate inequality, fueling a huge gap between retirement benefits for CEOS and ordinary workers.
Read more...Ilargi: 2017 – Where the Truth Lies
‘Respectable’ news outlets have been feeding their readers ‘fake news’ for years now. 2017 will see changes in the offing, as we downsize.
Read more...A Battle Over American-Made Products Is Looming and Republicans Are in the Middle of It
Why “Buy American” is going to be a tough sale for Trump.
Read more...Chanos: Is a Big Change Underway in Global Capitalism?
Storied short seller Jim Chanos takes a long view of recent political and economic changes, including, of course, the Trump win.
Read more...I Correct Schumer Fudging What Medicare Privatization Would Mean and He Pretends He Was Being Honest All Along
Chuck Schumer’s nose is getting so long that he needs to get a hacksaw. That does not not bode well for the Democrats standing up to Trump.
Read more...Tom Engelhardt: The Future According to Trump
Gaming out some likely Trump scenarios.
Read more...Italy Announces Sketchy Plan to Bail Out Monte dei Paschi
The Monte dei Paschi domino is finally about to fall. But what does that mean in practice?
Read more...Conflicts of Interest Not New to the Age of Trump: Many Politicians Voting for the TARP Bailout Protected Their Own Wealth
Conflicts of interest are not new to US politics; this paper shows how TARP votes tracked the stock portfolios of member of Congress.
Read more...Italy Banking Crisis Is Also a Huge Crime Scene
While Italy’s banking crisis results from business loans gone dud in a shrinking economy, some of the banks were also up to no good.
Read more...Uber, Gig Economy: “The Brutality of the System Is Being Lost on Those Who Actually Use These Apps”
The Financial Times’ Izabella Kaminska argues that the gig economy is a new form of feudalism.
Read more...The Econocracy: An Interview with Cahal Mora
The new book Econocracy describes how economics training discourages critical thinking, overreaches, overpromises, and underdelivers.
Read more...Investment in Early Childhood Education Yields Substantial Gains for the Economy
Yes, Virginia, more education for the lower orders really does pay off.
Read more...British Press in a Tizzy that the EU Will Be Mean to the City of London in Brexit
The whinging from entitled Brits over the fact that the EU is playing Brexit hardball is getting annoying.
Read more...The Story That Russia Does Not Want You to See: The Rosneft Share “Sale” as a Sham Transaction
The widely-reported sale of a 19.5% stake in Rosneft to Glencore and Qatar looks like a sham transaction.
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