Moodys: Public Pension Underfunding to Worsen as Returns Lag
Moodys give an update on the sorry state of public pension funds’ coffers.
Read more...Category Archives: Doomsday scenarios
Negative Interest Rate Conundrum
Why are central banks and governments opting for their unusual negative interest rate stance?
Read more...How the Cutthroat Walmart Business Model Is Reshaping American Public Education
Walmart has played a huge role in promoting and funding the charter school movement and plans to expand much further.
Read more...Former Citi Vice Chairman Robert Rubin, Target of DoJ Investigation, is Too Big to Jail
The Financial Crisis Inquiry Commission released a raft of documents from its 2010 investigation, including interviews with senior government officials like Alan Greenspan, Hank Paulson, and Sheila Bair, as well as other individuals deemed to be prominent like Warren Buffett and subprime short-seller Steve Eisman. It’s hard to see the justification for keeping information from […]
Read more...Radioactive Waste Still Leaking Five Years After Fukushima Nuclear Disaster
The Fukushima site is still leaking radioactive water and the cleanup and remediation will take decades.
Read more...Louis Proyect: Boom Bust Boom
Boom Bust Boom a wickedly funny but mind-expanding analysis of 2008 crisis driven by the proposition that the capitalist system is inherently unstable.
Read more...Brexit Endangers London’s Status as a Financial Hub
Brexit could damage London’s attractiveness as the centre of European banking, as an entry point to the EU and as a global financial hub.
Read more...Gaius Publius: The Goal of the Neo-Liberal Consensus Is to Manage the Decline
Neoliberals want ordinary people to accept that their standard of living will decline. It’s not hard to see whose interest that story promotes.
Read more...John Helmer: US War Aim Fails, Putin Gains, Medvedev Loses
Approval ratings for Putin remain high despite corruption scandals because they believe no one is as capable of defending them against the US
Read more...The IMF and the Next Crisis
The IMF is now expected to be the first responder to a financial crisis when it may be less well equipped than in the past.
Read more...Flint’s Water Crisis: A Chronicle of Disenfranchisement, Denial, and Buck-Passing
A must-see documentary on Flint’s water crisis.
Read more...Ilargi: China – A 5-Year Plan And 50 Million Jobs Lost
Why China will be unable to escape the loss of millions of jobs.
Read more...Wolf Richter: Bavarian Banks Hoard Cash in Revolt Against ECB Negative Interest Rates
Little Bavarian banks take a bit shot at the ECB.
Read more...Life after Brexit: The UK’s Options Outside the EU
What are UK’s options if a majority votes in favour of Brexit this June?
Read more...The Implications of Brexit for the Rest of the EU
Brexit would leave the EU an even more impaired regional and geo-political player than now, when it already punches far below its economic weight.
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