One of my pet peeves is the degree to which the notion that corporations exist only to serve the interests of shareholders is accepted as dogma and recited uncritically by the business press
Read more...By Yanis Varoufakis, a professor of economics at the University of Athens. Cross posted from his website. From an interview for Jornal de Negócios by Jorge N. Rodrigues Europe is in the clasp of the deflationary forces that resulted directly from its inane handling of the Eurozone crisis. In this interview, I discuss deflation and […]
Read more...The people of Europe are finally pushing back against the European Super State, if recent polls are anything to go by.
Read more...Your humble blogger may be reading more than is warranted into the synchronistic timing of stories in two different newspapers about financing highway construction. But it nevertheless looks sus.
Read more...I’m a little surprised at the overly coded reporting at the New York Times and particularly the Wall Street Journal, where Nick Timiraos provides top-notch coverage on the mortgage beat, on the implications of the failure of a widely-touted, Administration-backed GSE reform bill to get out of the Senate Banking Committee. Basically, it confirms what I’ve long believed but refrained from writing about, namely, that government sponsored enterprise, aka, GSE reform, was not going to get done in this session of Congress.
Read more...Wow, Obama is really losing it. He can’t even manage a good war scare any more.
Read more...The causes of the crapification are legion, but one that is having a bigger impact on health care than is widely recognized is bad information technology implementation. And I don’t mean the healthcare.gov website.
Read more...Why “groaf” is the new “growth” and Naked Capitalism readers are duly skeptical of it, along with its young cousin, “jawbs”.
Read more...Pilkington examines Paul Krugman’s latest dig at heterodox economists.
Read more...While you weren’t paying attention, ECB chief Mario Draghi walked back his “QE is imminent” talk.
Read more...By Lambert Strether of Corrente. Jessica Desvarieux of the Real News Network interviews Rob Johnson, the Director of the Economic Policy Initiative at the Franklin and Eleanor Roosevelt Institute and a regular contributor to the Institute’s blog NewDeal2.0. He serves on the UN Commission of Experts on Finance and International Monetary Reform. Previously, Dr. Johnson […]
Read more...Despite President Barack Obama’s charm offensive in the region, Pacific nations are well-advised to remain wary of the U.S. government’s position on the Trans-Pacific Partnership agreement (TPP)
Read more...At this point, it seems hard to add insult to injury, given the terrible track record of the OCC Independent Foreclosure Reviews. But it’s nevertheless been done.
Read more...Michael Hudson discusses how Thomas Piketty’s new book Capital in the 21st Century greatly understates the degree of wealth concentration with Karl Fitzgerald of Renegade Economists.
Read more...A lot of people are misreading this Princeton study on the political influence of the wealthy and business groups versus ordinary citizens. The study does not say that the US is an oligarchy, wherein the wealthy control politics with an iron fist.
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