IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough
The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
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Another Day, Another Indication that the Clinton Campaign Remains Dangerously Clueless About What Will Matter Most in the General Election. Ho-hum.
The Clinton campaign keeps harping on identity politics, and ignores some of Trump’s major points of vulnerability. They can’t afford mistakes like that.
Read more...Purdue Pharma’s OxyContin: Corporate Fraud With a Body Count
Yves here. Some of the facts in this article are stunning. For instance, more Americans die from opoid overdose than from car accidents. And this article gives only a partial tally of Purdue Pharma’s predatory conduct. The drugmaker targeted overly-busy, not very well trained general practitioners in communities which were likely to have high incidence […]
Read more...Unsealed Documents Reveal Former White House Officials Violated Fannie/Freddie Conservatorship Rules, Apparently to Advance Bank-Enriching “Reforms”
The Administration has refused to turn over over 12,000 documents in a lawsuit against how the government operated Fannie and Freddie in their conservatorship. The major bone of contention is that Treasury stripped them of all profits, which damaged the remaining private shareholders. But the unsealing of a small batch of government records shows why […]
Read more...The Pentagon’s Budgetary War on Accountability
Why the Pentagon always has the money it needs, and a lot more too.
Read more...SEC Official Defends Weak, Selective Enforcement When Agency Records Show Private Equity Firms Thumb Nose at Agency
Yesterday, we looked at a section of a Stanford Law School conference at the end of March. The panel on pre-IPO funding included the SEC/s head of enforcement, Andrew Ceresney. In the question and answer section, Ceresney and a member of the audience, Marc Fagel, the former regional director of the SEC’s San Francisco office, […]
Read more...Neoliberalism’s Press Gangs: How Markets Raise Costs
Neliberalim’s press gangs – forcing citizens to participate in capitalism when even it produces worse outcomes than public ownership would.
Read more...SEC Conference Features Former Official Calling for Fraudsters to be Protected from Career Harm
No matter how bad you think things are at the SEC, you routinely find out that they are worse, as a recent conference revealed.
Read more...Welcome to the Great Australian Scab Grab
Australia is in the grip of the greatest economic scab grab of my lifetime
Read more...How the Democratic Party Became Undemocratic: The History of the Superdelagates
The origin of how the Democratic party made sure its elites remained firmly in charge.
Read more...Bogus Defenses of Tax-Dodging Corporate Inversions
How corporate executives mislead the public about the economic effects of inversions and other tax strategies that book profits overseas.
Read more...Sanders and Class Struggle in the Democratic Party
Sanders versus Democratic Party’s institutionalized corruption and domination by billionaires.
Read more...Quelle Surprise! US Big Business Prefers Clinton to Trump by 2:1 Margin
Major corporations generally prefer a former Goldwater Girl to the transgressive Trump. But will they spend enough backing her to make a difference?
Read more...Gerald Friedman: How the Dogmatic Despair of Mainstream Economists Brought You Donald Trump
Mainstream economists to ordinary citizens: Drop dead. Or more accurately: Sorry, nothing more can be done for you. There is No Alternative.
Read more...Germany and IMF in Staredown Over Greek Debt Relief
The IMF and Germany have staked out irreconcilable positions on Greece. Who will blink first?
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