Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.
Thursday, June 12, 2025
Brexit: Tories Launch No Confidence Vote Against May
May looks to be hoist on her Brexit petard.
2:00PM Water Cooler 12/11/2018
Today’s Water Cooler: NAFTA, China auto tariffs, Bloomberg 2020, Beto’s donors, producer price index, small business optimism, Amazon insider scams, trucking rates, supply chain for fabric, Uber’s robot car software, AI, hoarding scooters, Gilded Age, love and money, MAD Magazine
Bill Black: Douthat’s Mendacious Meritocracy Myth
Debunking the notion of meritocracy.
Brexit: All About May
Why May oddly matters even more than before.
France’s Macron Makes Concessions While ‘Yellow Vest’ Protests Continue
Some background on the demands the gilets jaunes are presenting to French president Macron.
The Reality Is Everything Must Change
Why we need the biggest change program in history and must deploy state-created money to mobilize resources.
2:00PM Water Cooler 12/10/2018
By Lambert Strether of Corrente. Trade “Why Trump’s trade war is pushing China to become smarter and stronger, faster” [Hellenic Shipping News]. “The final communiqués at these lovefests must usually be written beforehand for anything to be agreed. Trump is the exception. He likes one-on-ones. He is a professional deal maker in a way that […]
Senators Press for Expanded Probe of FEMA Hurricane Maria Puerto Rico Relief Efforts
Senators Warren, Sanders, Blumenthal, and Durbin, has asked the DHS IG to expand an investigation into misallocation of funds budgeted for repair of hurricane-damaged homes and profit-skimming in Puerto Rico
Criticizing the “Free Trade Delusion”: Havana Charter’s Progressive Trade Vision Subverted
UNCTAD’s latest World Development Report criticises the free trade delusion. This short post considers the trade alternative put forward seventy years ago in the Havana Charter — one that was neither nationalist nor neoliberal.
Brexit: May’s Handbag
Big Brexit events of the week are underway, starting with the ECJ ruling on unilateral reversal of an Article 50 notice.
Fight for Federal Right to Education Takes a New Turn
Can a series of lawsuits with new legal arguments persuade the Supreme Court to reverse a long-standing decision against a federal right to education?
As Global Climate Talks Proceed, Trump EPA Opts to Weaken Coal Emissions Standards
While parties to the 2015 Paris Accord conduct negotiations in Katowice, Poland, the EPA has opted to weaken coal emission standards promulgated during the administration of Trump’s predecessor.
