How Taxpayers Subsidize AirBnB’s Cheap Prices
How you lose when AirBnB wins.
Read more...Category Archives: Regulations and regulators
Can Uber Ever Deliver? Part Six: Latest Data Confirms Bleak P&L Performance While Stephen Levitt Makes Indefensible Consumer Welfare Claims
More on Uber’s questionable prospects and the dubious defenses offered by boosters, in this case, “Freakonomics” professor Stephen Levitt.
Read more...Chanos: Is a Big Change Underway in Global Capitalism?
Storied short seller Jim Chanos takes a long view of recent political and economic changes, including, of course, the Trump win.
Read more...Tom Engelhardt: The Future According to Trump
Gaming out some likely Trump scenarios.
Read more...Deutsche Bank Wins in Stare-Down With Department of Justice Over Mortgage-Backed Securities Liability; Credit Suisse Also Settles While Barclays Holds Out
Deutsche came off well in a mortgage settlement with the DoJ, while Barclay’s decision to fight doesn’t look so smart.
Read more...Italy Announces Sketchy Plan to Bail Out Monte dei Paschi
The Monte dei Paschi domino is finally about to fall. But what does that mean in practice?
Read more...Conflicts of Interest Not New to the Age of Trump: Many Politicians Voting for the TARP Bailout Protected Their Own Wealth
Conflicts of interest are not new to US politics; this paper shows how TARP votes tracked the stock portfolios of member of Congress.
Read more...Customers Foot Bill for Florida Utilities to Build ‘Unnecessary’ Gas Infrastructure For Excess Profit
Florida electricity customers will foot the bill to build natural gas infrastructure surplus to projected demand to benefit power company.
Read more...Italy Banking Crisis Is Also a Huge Crime Scene
While Italy’s banking crisis results from business loans gone dud in a shrinking economy, some of the banks were also up to no good.
Read more...The Fundamental Flaw in Muddied Brexit Thinking
Brexit negotiators seem clueless about how to get out of their own way. Here’s why.
Read more...British Press in a Tizzy that the EU Will Be Mean to the City of London in Brexit
The whinging from entitled Brits over the fact that the EU is playing Brexit hardball is getting annoying.
Read more...Trump’s Carbon-Obsessed Energy Policy and the Coming Climate Nightmare
Trump plans to take the Palin “Drill, baby, drill” strategy to a new level.
Read more...So Who Gets to Pay for Italy’s Banking Crisis?
The pretense that even Monte dei Paschi can be bailed out privately is being abandoned. So how will Italy’s sick banks be salvaged?
Read more...Bill Black: White Collar Crime Will Have a Field Day Under Trump
In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]
Read more...EPA Concludes: Fracking Harms Drinking Water
EPA issues long-awaited report concluding that fracking harms drinking water. The Trump administration is likely to ignore this report.
Read more...