European leaders have regularly expressed a desire for a European currency to serve as a reserve currency. The history of the transition from sterling to dollar and Europe’s aspirations sheds light on whether the Euro can assume this role.
Saturday, July 26, 2025
Naked Capitalism: Keeping the Magic Alive
Why Naked Capitalism needs you.
How $14 Billion Private Equity Firm Abraaj Went Bust
The remarkable tale of the biggest private equity fund insolvency evah, Abraaj.
Richard Murphy: Who Really Pays the Tax on Rents?
Clearing up a widespread misperception about tax.
Trump Bails On Coal Industry Incentives
Trump is abandoning coal industry subsidies after running into a buzz saw of opposition.
Announcing the 2018 Double Your Donations Challenge!
Take up this chance to double your donations!
2:00PM Water Cooler 10/16/2018
Today’s Water Cooler: Currency practices, Pelosi’s plans, polarized electorate, Georgia Governor, Iowa, minority rule, industrial production, housing market, gold, apparel, water in Latin America, #MeToo, the police and protest, Melvyn Bragg, dogs
Sears’ Terminal Slide: Bankruptcy and Likely Liquidation
Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Why CalPERS Matters
Why CalPERS’ fall from being a sophisticated player and force for reform is an important lesson.
Brexit: Things Are Always Darkest Before They Go Completely Black
Don’t kid yourself that the current relative calm on the Brexit front is a good thing.
New Study Highlights Collapse of Insect Populations
Very sobering news on the insect front. Species die-off is progressing faster than you probably thought.
Gaius Publius: IPCC Releases Climate Report — First Thoughts
The latest IPCC report says we are cooking our collective goose, and hardly anyone seems to react.
Thanks! Hit Our Third Fundraiser Target Quickly, Onto the Fourth: Guest Bloggers
Our fundraiser is moving along well, but we still need more help. Please dig deep to support our writers!
