Sunday, July 20, 2025
Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers
The chief architects of the exercise in looting otherwise known as the post-crisis rescues are back promoting more of the same.
Don Quijones: Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK
Another IT outage in the UK serves as pushback to the war on cash, with even the ECB conceding it doesn’t foresee a totally cashless society, leaves those relying on credit cards alone to make payments vulnerable.
Holding the Line on Torture
An update on the struggle to get US mental health professionals out of the business of advising on torture techniques.
Why Is CalPERS Aggressively Promoting Internet Voting Despite Experts Like the National Institute of Sciences, Engineering, and Medicine Saying “Hell No”?
More proof that CalPERS has no shame.
Prisoners Strike Across America & Canada to End Penal Enslavement
Prison strike that began on August 21 is scheduled to end today, the forty-fifth anniversary of the Attica uprising and rebellion took place in the New York state prison, with prisoners protesting slave labor conditions and other injustices.
Dengue on My Mind: Spending on ‘Diseases of Poverty’ Not Enough to Create Effective Vaccines
A drop-off in funding for vaccines for ‘diseases of poverty’ is another consequence of the financial crisis. A recent study laments bleak prospects for breakthroughs on malaria, tuberculosis, dengue, and other diseases. Climate change is expanding the range where these diseases may be contracted.
Marshall Auerback: Central Bankers as ‘Dealers of Last Resort’
In their 21st-century role as counterparty/dealer/insurer of last resort, central bankers must not simply use their balance sheets indiscriminately to provide a liquidity backstop during the downturns. They must embrace this counterparty role as an umpire, rather than an enabler.
2:00PM Water Cooler 9/7/2018
Today’s Water Cooler: Open thread.
Financial Times’ FundFire Unambiguously Confirms Our Reporting of Misrepresentations by CalPERS CEO Marcie Frost
Financial Times’ FundFire reporter Fola Akinnibi has written three stories this week that referred to misrepresentations made by CalPERS CEO Marcie Frost during and after her hiring by the giant pension fund. His latest report, CalPERS CEO Misstated Educational Background During Hiring Process (no online version) not only flatly calls out Frost’s falsehoods, but also […]
Plastic Watch: First Ocean Cleanup Array to Launch Tomorrow
The first Ocean Cleanup Array is scheduled to launch from San Francisco Bay tomorrow. Target: the Great Pacific Garbage Patch, a major ocean plastic accumulation zone more than three times the size of France.
The Divided Psyche of Privilege
In the Invisible Knapsack, Peggy McIntosh describes the process by which she began theorizing white privilege. We look at her narrative in depth, and try to see what it tells us about how privilege concepts were first constructed and what this means for us today.
