FIS and Worldpay’s Merger – Why Its “Bank in a Box” Tech Fantasy Will Go Nowhere
FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.
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Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
Even by the low standards of necessity-driven bank mergers, the proposed tie up of Deutsche Bank and Commerzbank looks particularly dodgy.
Read more...TD Bank: America’s Most Inconvenient Bank
Why you should not bank at TD Bank.
Read more...India Bans Plastics Waste Imports, While Fossil Fuel Plastics Pushers in US and China Ramp Up to Party On
Kudos to India for banning plastics waste imports, to focus on solving its own waste management problem. Meanwhile, fossil fuel interests ramp up plans to produce more plastics.
Read more...The Debate Over Tactics In the Modern Left: Radical Opposition or Strategic Inclusive Engagement?
Revisiting a classic debate over the tactics for achieving political/societal change.
Read more...Deregulating Banks Fueled Speculation, Not Productive Investment
More proof that letting banks have their way is not such a good idea…at least for non-financiers.
Read more...Nomi Prins: Survival of the Richest, The March of Inequality
A look at the history of the rise in inequality in the US.
Read more...Skilling Released from Prison After A Decade of Doing Time: A Reminder of a Not So Distant Past, When the Rule of Law Applied to Corporate CEOs
Jeff Skilling, former CEO of Enron, was released Friday after doing twelve years of prison time: a reminder that corporate officers once were once prosecuted and sent to jail for corporate criminal activities.
Read more...Amazon Drops New York City Headquarters Plan in a Snit
Does the testy abandonment of its New York City “HQ2” scheme mean we’ve hit Peak Amazon?
Read more...Italy Guns For Glass-Steagall-Type Law to Break Up Banks, Cut Bailout Costs for Taxpayers
Italy pushes for some bold banking reforms….but how far can it get given the wobbly state of its banks and ECB hostility?
Read more...Michael Hudson: Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
Trump’s neocon extremists are burning the US dollar house down.
Read more...Marshall Auerback: In Antitrust, Size Isn’t Everything
Simply breaking up monopolies via century-old economic remedies recommended by antitrust doctrine is insufficient if it is not accompanied by a rebalancing of economic power.
Read more...Brexit “Singapore on the Thames” Fantasies
A jaundiced look at “Singapore on the Thames,” yet another barmy Brexit idea.
Read more...MMT’s Opening
Another go at clearing up press and pundit misrepresentations of MMT.
Read more...Kamala Harris, Opportunist to the Core: Launches Prez Bid on MLK Day, Since She Has to Remind People She’s Black After Criminalizing Truancy, Keeping CA Prison Rolls Up to Provide Cheap Labor; Sends Tone-Deaf, Narcissistic Campaign E-mail
Kamala Harris seems to assume that voters are easy marks.
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