Gaius Publius: California Drought, the “Bigger Water Crisis” & the Consumer Economy
The California drought is exacerbating severe, structural problems with water use in the West.
Read more...Category Archives: Politics
Private Equity Carry Fee Scandal Spreads to CalSTRS After NC Points Out Connection
A carry fee reporting scandal that started at CalPERS has spread to CalSTRS as California Treasurer John Chiang says he’ll ask questions.
Read more...Say It With Me: Lagarde Is NOT Threatening To Scuttle Bailout Deal
The endless march of misreporting on the IMF and Lagarde’s statements continues.
Read more...The Failed Project of Europe
Lacking fiscal transfers, facing deflationary pressures, and unable to cope with popular reaction, the project of Europe is likely to fail.
Read more...Quick Update on Greece, Germany, and the IMF
We’d posted earlier this week that odds favored a Grexit. With the Greek bridge loan deal having passed the key hurdle of securing passage in the German Parliament, and Lagarde making it clear that the IMF will support an eventual bailout deal with “restructured” loans (ie, no haircuts), the odds have shifted. It is now more probable that this pillage-of-Greece program stays on track near term, meaning the so-called “third bailout” gets completed.
Read more...Michael Hoexter: Climate Defeatism is as Much a Threat to Human Survival as Climate Denial – Part 1
Human beings face the choice whether to preserve parts of our present civilization or create elements of a new one or alternatively, head towards self-extinction.
Read more...Donald Trump, Presidential Candidate, and the Art of Kayfabe
Donald Trump provides a new example of the typology of corruption in American electoral politics.
Read more...The 3 Most Ludicrous Corporate Arguments Against CEO-Worker Pay Disclosure
Public corporations and their lobbyists make intelligence-insulting arguments against Dodd-Frank mandated CEO-worker pay disclosure.
Read more...The Augean Stables – How Corruption Has Amended the Constitution
The institutionalized elements of corruption in America are so powerful that they’ve been able to gut the Constitution.
Read more...John Helmer: What is the Price of Suppressing the Truth in the Info War Against Russia?
Most people don’t think too hard about the fact that there is a price for secrecy, and when the truth is dangerous, the price is high.
Read more...The History of European Macroeconomics and Exchange Rate Policy
This is a very readable and important account of how Europe came to embrace some of the key elements of its current monetary policy and exchange rate straitjacket.
Read more...Greek Parliament Passes Bailout Legislation
The margin of victory, if you can call it that, was 229 out of 300.
Read more...Odds Favor a Greece Deal Failure and Defacto Grexit
The odds now favor the tentative deal struck over the weekend to “rescue” Greece, which many have correctly depicted as a brutal economic colonization of Greece by its lenders, coming unraveled.
Read more...IMF Throws a Spanner in Proposed Greece Deal, Says Debt Reduction May Not Be Enough
The IMF has dropped a big shoe before the Greek government has passed any of the legislation required as part of its pending bailout. But if this development leads to more wrangling, that means an even longer delay before Greek banks get any liquidity, which means continued strangulation of the Greek economy.
Read more...Clinton’s Speech on “The Economy”: Where’s the Beef?
Hallmarks of Clinton’s speech: Haziness, lack of agency, unclear constituencies, and kicking the can.
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