Give the Democratic Trade Turncoats Hell Over Fast Track Vote
The real fight against Fast Track authorization will take place in the House. but the Senate sellouts should be made to feel the wrath of their constituents.
Read more...Category Archives: Free markets and their discontents
The Persecution and Assassination of the People of Greece as Performed by the Inmates of the Troika, Under the Direction of the Eurogroup
A new paper shreds the myths that justified the misguided application of austerity and wage-rate reduction policies in Greece and the Eurozone.
Read more...Ilargi: Sucking Spoilt Milk From A Bloated Dead Sow
Ilargi describes why the US is not a democracy, it is not the supreme leader of the world, and the American economy is not in recovery.
Read more...Insurance in Extended Families
Yves here. Color me appalled by the premise of this post. It starts from the assumption that social safety nets are bad because they crowd out “informal institutions” namely family, as the insurer of the last resort. Note it may be unfair to single out this post, since the authors are addressing an apparently conventional […]
Read more...The “War on Cash” in 10 Spine-Chilling Quotes
The war on cash is escalating.
Read more...Media Consolidation Thwarted Again as Comcast Backs Off Time Warner Deal
Late Thursday, Comcast apparently signaled that they would abort a 14-month bid to purchase Time Warner Cable, in a deal that would have created the nation’s largest cable operator by a wide margin. The FCC was going to recommend a hearing, which is a prelude to cancellation. The spin is that there are more consolidation attempts on the way, but there’s no guarantee that they would be successful either.
Read more...Gaius Publius: What’s Wrong with Wyden-Hatch-Ryan’s Fast Track Bill – The Specifics
Why the proposed “fast track” authorization for misnamed “trade” deals is even worse than you imagined.
Read more...The Continuing Depopulation of Detroit
Detroit is getting the same treatment as Latvia and Ireland, and we are already seeing similar results in Greece, with most people who have good foreign job prospects taking a hike. But while Latvia and Ireland stabilized at much lower levels of output and have started to recover from their, Detroit, like Greece, looks like a failed state. And this is perversely seen as acceptable in America.
Read more...How the Federal Reserve Is Destroying Your Economic Future
How Fed policies exacerbate inequality and dampen growth.
Read more...Belvedere Management: Massive Criminal Enterprise or Defamed Fund Manager?
David Marchant says Belvedere Management is a “Massive Criminal Enterprise”. Has he gone mad, or hit the investigative journo’s jackpot?
Read more...Dubious FX Broker CWM FX Claims Sports Celebrity Scalps, but Princess Anne Remains Unmolested
The CWM FX fraud bust, a murder, Princess Anne and some groping. It’s BAU in the world of sports sponsorship.
Read more...J.D. Alt: A Push-Pull Model for Cooperative Markets Financed by Sovereign Spending
This model of allocating new fiat dollars to specific collective purposes could be applicable to many sovereign spending situations.
Read more...Ilargi: Warren Buffett is Everything That’s Wrong With America
I’m sure readers can add to this antidote to the pervasive Warren Buffett hagiography in American media. For instance, Buffett lavishes praise on the executives of Wells Fargo, when Wells engages in abusive servicing (see here and here for examples). So Buffett is part of the cohort that has held bank leaders as competent and deserving of their leadership roles, which serves to hide the fact that a big chunk of industry profits rests on predatory behavior, like gotcha terms in checking accounts and credit cards.
Read more...Joe Firestone: The New York Times Soft-Pedals the Dangers of the TPP
While the New York Times did a public service by joining Wikileaks in publishing a draft chapter of the TPP, the accompanying article is quite another matter. Joe Firestone has taken it upon himself toshred analyze it. The sad reality is that the Times is never going to oppose neoliberalism in a serious way.
Thoughts About the Trans-Pacific Partnership
The leak of the investment chapter of the Trans-Pacific Partnership has confirmed that it’s as bad as critics said it was.
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