Deutsche Bank and a $10Bn Money Laundering Nightmare: More Context Than You Can Shake a Stick at
Deutsche Bank’s $10Bn: the shell company back story
Read more...Category Archives: Globalization
Japan Throws Spanner into Brexit Negotiations
Multinationals just weighted in on the Brexit talks, in the form of a letter from Japan’s government.
Read more...The Slave Power, Slave Credit, Slave Labor
Book reviews of Slavery’s Capitalism and This Vast Southern Empire, with some thoughts on their relevance to our own day.
Read more...Brexit Delusion Rises Even Further: City Pumping for Presumptuous, Nightmarish-to-Negotiate “Swiss Plus” Plan
The Brexit fantasies get even bigger as the City pumps for a na ga happen “Swiss plus” plan.
Read more...Hot Money and Financial Activity in Commodity Exporters
A new World Bank paper looks at the interaction between commodity prices and commodity exporters. It’s a story about hot money.
Read more...William Astore: Why Do Military Professionals Remain Silent About America’s Disastrous Wars?
Why is there so little domestic criticism of U.S. foreign policy and its disastrous wars and so little military dissent in particular?
Read more...Bill Black: Thomas Friedman – Deregulation Makes Banking Safe
Thomas Friedman, who needs to be renamed “Wrong Way Friedman,” tries peddling the canard that deregulation is a plus for bank stability.
Read more...Austria: A Case Study of How Offshoring Lowered Growth
Austria illustrates that over time, offshoring reduces the skill levels of domestic workers and even organizations.
Read more...Michael Hudson: Clinton’s Red-Baiting Distracts from Failure to Address Inequality, War-Mongering as Trump Flails
Clinton’s attacks on Trump distract attention from her 1% serving economic policies and her war-mongering, but Trump isn’t responding effectively.
Read more...Brexit: This Backlash Has Been a Long Time Coming
After the Brexit vote, it is obvious to many that globalisation in general, and European integration in particular, can leave people behind – and that ignoring this for long enough can have severe political consequences. This column argues that this fact has long been obvious. As the historical record demonstrates plainly and repeatedly, too much market and too little state invites a backlash. Markets and states are political complements, not substitutes
Read more...Lousy Experts: Looking Back at the Ex Ante Estimates of the Costs of Brexit
An economist contends that economists do not bear much responsibility for the Brexit vote.
Read more...New Zealand Foreign Trusts: the Scandals, the Reforms, and Some Throat-Clearing From the EU
NZ’s promised Foreign Trust reforms still don’t look quite right
Read more...Brexit Realism: Maybe Voters Were Not Dumb
By David Miles, Imperial College Business School. Originally published as a chapter in the VoxEU ebook, Brexit Beckons: Thinking ahead by leading economists, available to download free of charge To some, the Brexit referendum was a failure by economists to persuade UK voters that leaving the EU would entail major economic costs. This column argues […]
Read more...Did Germany Just Blink?
Germany just cut Spain and Portugal some budgetary slack. What’s driving this unexpected outbreak of reasonableness?
Read more...John Helmer: The New Byzantine Alliance – Will Russia and Turkey Revolutionize the Center of the Old World?
Putin and Erdogan are meeting in August. Cooperation between Russia and Turkey would represent a major geopolitical realignment.
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