Nicholas Shaxson explains how a “Competitiveness Agenda” is being used to set industrial policies that favor the creation of what used to be called “national champions,” as in Really Big Companies. Never mind that neoliberals officially oppose anything so interventionist as industrial policy….
Read more...The evidence that SEC Chairman Mary Jo White needs to go becomes more overwhelming with every passing day.
Read more...John Helmer continues with his discussion of the considerable gaps in information regarding the MH17 crash, and how some of the evidence is missing by virtue being withheld from the public, as opposed to not available
Read more...Private-equity-backed providers undercut charities in providing refugee services. It’s not hard to imagine how the results are coming in.
Read more...How military bases cement US power.
Read more...Examining an excellent in-depth investigation by Reuters into global financial stability issues, and the role of tax havens in this giant game of pain and plunder.
Read more...It is beginning to dawn on the top echelon that too much inequality is not good for them.
Read more...The IT challenges of a Grexit are important not only in and of themselves, but as a window into the creaky state of bank IT and the systemic risk it poses.
Read more...Perry Mehrling’s post on the Fed’s progress in dealing with future market crises is damning, despite its “give everyone credit for what they have done” recap.
Read more...How the Founding Fathers and successful advancing economies steered clear of manufacturer-destroying “free trade”.
Read more...As the QE prop is removed, it will become more difficult to ignore the fact that “employment” subsidies were often simply “employer” subsidies.
Read more...Demonstrating why Menzie Chinn stated, “The ALEC economic outlook ranking is, in my assessment, a manifestation of faith based economics.”
Read more...How the US has developed military muscle at the expense of brainpower.
Read more...A report from an insider on organization dedicated to scabbing known as Teach for America.
Read more...There’s so much chicanery afoot in private equity that I sometimes don’t write about important aspects on a timely basis. One of the big ones that most investors manage to kid themselves about is how the general partners’ fee structures really work. The widely-cherished fantasy is that the prototypical 2% annual management fee (the “2” […]
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