Thursday, June 12, 2025

Bankers’ Liability and Risk Taking

Why limited liability for banks is not such a hot idea.

2:00PM Water Cooler 10/8/2018

Today’s Water Cooler: China trade realpolitik, Kavanaugh and the midterms, “An Evening with the Clintons,” Google exposed user data, Teamsters contract, Roman ships, Banksy memes

Brexit Derivatives Risk: Did the City Overplay Its £38 Trillion Hand?

Novating UK derivatives contracts entered into by EU clearinghouse members is a ginormous mess, particularly in a Brexit crashout. But how serious a mess?

Links 10/8/18

Brexit Crunch: Is the EU Trying to Save the UK from Itself? Is That Even Possible?

Brexit reaches the”overly dynamic” phase.

Don Quijones: Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies

Who will blink first as Italy’s anti-establishment coalition government takes on the EU establishment in a struggle that could have major ramifications for Europe’s monetary union and Italian banks.

How Are We Doing on a ‘Green New Deal?’

Could a Green New Deal make enough of a dent in greenhouse gas emissions to halt global temperature increases?

Waste Watch: US Dumps Plastic Rubbish in Southeast Asia

Now that China has banned imports of plastic waste for recycling, US plastic waste exports to southeast Asia surge.

Links 10/7/18

Is India on Its Way Out of Poverty?

Jayati Ghosh, professor of economics at Jawaharlal Nehru University in New Delhi, discusses a recent UNDP report showing that poverty in India has halved in the last 10 years, and the newly unveiled healthcare plan for the bottom 40% of the population, nicknamed “Modicare.”

Links 10/6/18

With the World on the Line, Scientists Outline the Paths to Survival

Scientists will deliver an urgent warning with the issuance of the latest IPCC reports, starting next week. But will politicians and the public respond?

Costing the Country: Britain’s Finance Curse

More discussion of the downside of having too much finance.

2:00PM Water Cooler 10/5/2018

Today’s Water Cooler: China trade war, Kavanaugh, ballot measures. “grievance studies,” corporate fascism, employment situation, international trade, blockchain bills of lading, spy chips, tomatoes, Hypocausts, Internet of Sh*t

Inequality Represents a Wasted Opportunity for Poverty Reduction

If poverty is falling, why you should still care about what happens to inequality.