Category Archives: Infrastructure

Moodys: Public Pension Underfunding to Worsen as Returns Lag

Moodys give an update on the sorry state of public pension funds’ coffers.

James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan

James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.

Delhi’s Wasteful “Smart City” for Its Elites: Bloomberg’s Parasitical Model for the Future?

Be warned: “Smart city” is the new code word for pampered, resource-hogging enclaves for the elite.

Krugman and His Gang’s Libeling of Economist Gerald Friedman for Finding That Conventional Models Show That Sanders Plan Could Work

Krugman has made maliciously false statements about economics professor Gerald Friedman. Demand that the New York Times issue a correction and that Krugman apologize.

How Many Flints? America’s Coast-to-Coast Toxic Crisis

Flint is just the tip of the iceberg of lead poisoning in America.

Jim Hightower: What Really Poisoned the Water in Flint, Michigan

Flint reveals that there is a much deeper contamination poisoning our country’s political morals.

Investors Piling into Illiquid Assets to Avoid Discipline of Market Prices

Investors are piling into risky, illiquid assets at the worst possible time and for the worst reason: to fake performance.

Puerto Rico Defaults a Second Time; Claims of “Scheming” Designed to Crush Island Citizens

Puerto Rico fails to pay $37.3 million in bonds due today. While investors and analysts call it a bluff, the stakes are quite real.

Michael Hudson: The IMF Changes its Rules to Isolate China and Russia

How the West is deploying the IMF to fight the nightmare scenario of US geopolitical strategists: foreign economic independence from the US.

From G20 to Labour20

Labour20 set forth important goals not just for labor but for the economy and broader society. But does organized labor have the credibility to promote these aims?

The Bigger Significance of CalPERS’ Private Equity Carry Fee Release: Another Nail in the Carried Interest Tax Loophole Coffin

Why the CalPERS carry fee disclosure could affect the debate over ending the carried interest loophole.

Corbynomics 101: A Guide to People’s QE (PQE)

Why the three big charges commonly made against Corbyn’s “People’s Quantitative Easing” or PQE, are all wet.

Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda

Bernie has unapologetically rejected sclerotic visions of what is ‘politically possible’. And now he should add the Job Guarantee to his list of issues.

Dutch Pension Fund Escalates War Against Private Equity Secrecy, Won’t Invest in Funds that Fail to Disclose All Fees and Costs

By challenging the private equity secrecy and fee-gouging regimes, a major Dutch pension fund shows how craven its US counterparts are.