Tuesday, July 29, 2025

Michael Hudson: “Moral Hazard” vs Mutual Aid – How the Bronze Age Saved Itself from Debt Serfdom

Bronze Age societies forgave agricultural debt to keep cultivators working on their land, able to pay taxes and work in the military and on public projects. Lenders were seen as greedy and exploitative.

The Fracking Industry’s Wastewater Injection Well Problem

The fracking industry has a wastewater disposal problem and finds itself in a pick your poison situation, with no good alternatives. Americans will continue to bear the environmental costs of the nationwide fracking experiment.

New York Media Touts Private Equity Obamist Deval Patrick as Presidential Candidate

Why is the media covering up that Deval Patrick became wealthy via asset-stripping at Bain Capital?

2:00PM Water Cooler 11/19/2018

Today’s Water Cooler: Tariffs, Biden, Beto, election shenanigans, AOC, DSA, callout culture, housing market, e-commerce, Elon Musk, Carlos Ghosn, Tim Cook, Medicare for All, constitutional law, SEIU, brainwaves

Another Blow to the Biometric ID Fairy: Researchers Show ‘Master’ Fingerprints Can Bypass Smartphone ID Sensors

New research shows that ‘master’ fingerprints can bypass smartphone fingerprint ID systems – thus striking another blow at the biometric ID fairy.

Links 11/19/18

Why I Have Given Up on Powell’s Books

My inability to place an online order at Powell’s Books despite multiple attempts says something is very wrong.

Sunrise Movement and AOC Push Pelosi for a Green New Deal, Highlighting Job Creation

Young climate change activists and AOC push Pelosi for a Green New Deal, despite expected hostility in the Senate.

An MMT View of “Twin Deficits”: Budget and Current Account Deficits

Why the worries about the US budget deficit and China buying Treasuries are overblown.

Links 11/18/18

IMF, Warren Sound Alarm on Leveraged Lending

Concerns are building over the extent of leveraged lending, among regulators and politicians and the private sector alike. Some, such as Sen. Elizabeth Warren see troubling signs that recall risks that triggered the Great Financial Crisis.

IMF Pushes Neoliberal Policies in Latin America

The IMF is back again, flexing its muscle in Argentina and Mexico, pushing the neoliberal Washington Consensus, says Vijay Prashad in this Real News Network interview.

Hope to See You At Our Birmingham Meetup This Monday, November 19

Hope you can join our Birmingham meetup!

Links 11/17/18

Labour MPs Should Vote Against Theresa May’s Brexit Deal. It Is a Poison Pill

Labour wants to play a game of chicken with May over Brexit.