Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.
Read more...Why the TTIP poses a wide-ranging threat to European health and pension policies.
Read more...Despite press reports to the contrary, in this year’s game of chicken over the Greek bailout, it looks like the IMF, and not Germany, blinked.
Read more...It’s been a good few weeks for opponents of further market concentration. Oil services firms Halliburton and Baker Hughes called off their merger amid a Justice Department lawsuit. New rules on corporate inversions led to an abandonment of the Pfizer-Allergan merger. The White House issued a directive to federal agencies to take steps to foster competition, with an opening salvo of ending the monopoly of cable set-top boxes. The Economist, of all places, started agitating for increased competition amid record corporate profits. The antitrust movement, in short, has gone mainstream.
Read more...Repeat after me: study after study shows that minimum wages increases don’t lead to job losses.
Read more...The European Commission’s claim that the TTIP is aimed at ‘help[ing] people and businesses large and small” is shown to be a flagrant falsehood.
Read more...In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.
Read more...Ding, dong, the witch of mandatory arbitration is (on its way to being) dead.
Read more...“Free trade” policies, in a world of substantially liberalized trade, no longer elicit knee-jerk support. About time.
Read more...How “free market” ideology produces companies like Valeant, which Warren Buffett’s partner Charlie Munger called a “sewer,” “corrupt,” and “criminal.”
Read more...A leak of a major set of TTIP documents may throw a spanner in the works of a deal that is already contested in the US and EU.
Read more...If you take a hard look at Clinton’s neocon policies, it’s far from obvious that she’s a less dangerous Presidential pick than Trump.
Read more...Which Eurobank has led the ECB to tap its dollar swap line with the Fed?
Read more...A rare call for getting tougher with a widely practiced white collar crime, tax avoidance.
Read more...Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
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