Today’s Water Cooler: China trade, Harris, Sanders, Axelrove on Trump, Hillary Clinton, 9/11, counterfeit gold bars, rail traffic, WeWork, Facebook, food wars, gas flaring, wind farms and landfills, ocean drilling, racism and origins of tech, fake meat, Daniel Johnston, spending less time on the phone
Tuesday, January 13, 2026
Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy
Larry Summers, a barometer of leading edge conventional wisdom, questions Keynesianism as a distortion of Keynes and for its overconfidence in monetary policy.
Michael Hudson: Why We Need to Abolish the Democratic National Committee, Even if That Means Breaking Up the Democratic Party
Reflections on the charade of the Democratic Party debate.
Richard Murphy: Brexit Yellowhammer Is Wrong, but That Doesn’t Mean We Should Ignore It
The Brexit headlines focused on Yellowhammer when that isn’t the biggest development of the day.
Axios: What’s the Actual Cost of Not Addressing Climate Change?
bunking some arguments against Sanders’ climate change program.
2:00PM Water Cooler 9/11/2019
Today’s Water Cooler:
The Two Sides of Government Guarantees for Banks
Not all guarantees are created equal, and what that means for banks.
Under Bloomberg Pressure, CalPERS Coughs Up BCG Report on Private Equity, Confirming Criminal Abuse of Open Meeting Law; Board President Henry Jones Casually Leaks Confidential Information
A peek into how CalPERS abuses confidentiality when public agencies are supposed to be public.
Andrew Bacevich, Ending War, American-Style
The US hasn’t won a war since World War II, and even then, the Soviets deserve most of the credit. So how do we keep up appearances?
CalPERS Election Corruption: Huge and Illegally Opaque Dark Spending Against Pro-Accountability Candidate JJ Jelincic
Yet more on CalPERS election shenanigans.
CalPERS, Treasurer Fiona Ma, Board Members David Miller and Theresa Taylor, and CalPERS Employees Engage in Illegal and Dishonest Electioneering Against Candidate JJ Jelincic
More on CalPERS’ election meddling.
2:00PM Water Cooler 9/10/2019
Today’s Water Cooler: Harris, Sanders, Trump, Warren, undecided voters, Rachel Maddow, Neera Tanden’s union busting, employment, small business optimism, Uber, Lyft, Boeing, Amazon, SpaceX, scooters, corvids, crabs, cattle, AI, deaths of despair, Encrypted DNS-over-HTTPS
California Privacy Law Looms
Businesses race to comply with California’s new data privacy law by 1st January; meanwhile, efforts continue to weaken its protections.
