Italy Bars Landing of Ship With 629 Migrants as Finance Minister Takes Euro Exit, Parallel Currency Off Table
Why the self-styled reformist government in Italy is already looking like a paper tiger.
Read more...Category Archives: Free markets and their discontents
Primaries Expose Bitter Fight in Democratic Party
The Democratic party continues to wage full scale war against progressives…..how’s that going?
Read more...Three Lessons the Labour Movement Must Learn From the Fight for 15 at Walmart
The Fight for 15 at Walmart was “surprisingly successful”. What tactics should labor organizers consider adopting?
Read more...How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide
How Chinese money is distorting home prices in major cities around the world, and how local authorities are starting to intervene.
Read more...The Battle for Money Has Begun
Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.
Read more...OCC Covering Up for Wells Fargo Type Abuses at Other Banks
The OCC found lots of bad bank conduct in retail-land, but refuses to say anything about who is cheating and what they are up to.
Read more...More Brexit Insanity: Corbyn Proposes Dead-on-Arrival, Misbranded “Soft” Brexit; Auto Part Makers to Take Huge Hit; Irish Border Groundhog Daze
Brexit madness is only getting worse….
Read more...Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”
The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
Read more...Wall Street Journal: Why Bashing Chinese Steel Dumping Results in Bashing Allies
Why combatting Chinese steel dumping is harder than it seems.
Read more...Richard Murphy: Why the Swiss Referendum Proposal of Giving the Central Bank Complete Credit Control is Dangerous Folly
Correcting some misunderstanding about proposed monetary reforms that are the subject of a referendum this weekend.
Read more...China Rx: How the US Depends on China for Its Drugs
Why does China need a military? It could bring the US to its knees in months by withholding shipments of drugs and drug ingredients.
Read more...More Evidence of Increasing Deflationary Pressure on Wages
Bosses on wages: “No more raises for you!”
Read more...Did Italy’s 5 Star-Lega Coalition Blink in Its First Standoff With Eurocrats and Banksters?
Taking stock of the opening moves in the confrontation between Italy’s upstarts and the European establishment.
Read more...How Puerto Rico’s Death Toll Was Ignored, and Could Have Been Avoided
Why the death toll in Puerto Rico in the wake of Hurricane Maria was so disgracefully high.
Read more...NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades
Markets wail and gnash their teeth as normalization of Italian yields sets in.
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