Tariffs misfire yet again.
Wednesday, July 23, 2025
Economy of Intangibles
Has the rising role of intangibles, as in intangible assets. helped cause secular stagnation?
2:00PM Water Cooler 7/20/2018
Today’s Water Cooler: China trade, Republican governors, lunatic politics, treason, William Gibson, scooters, Fed DSGE model, Uber, DARPA robots, Oscar Wilde
Cumulative Stress Impairs Great Barrier Reef Recovery
The ability of the Great Barrier Reef to recover after continued episodes of cumulative stress is declining. Drastic remedies are necessary to save this unique ecosystem; some scientists suggest improving water quality could improve the health of the reef, but ultimately, survival requires tackling climate change.
Migrants, Pro-Globalization “Leftists,” and the Suffocating Middle Class
Economic migrants seek prosperity and are justified in doing so, yet they can also be seen as pawns in an international strategy that destroys the negotiating leverage of workers. The resulting contradictions potentially render conventional political classifications obsolete.
Tariq Ali: “No Real Choice” at the Ballot Box for the People of Pakistan
Corruption keeps growing like cancer in Pakistan. This combined with military repression and on-going terror attacks from the Islamic State, means Pakistanis will see a continuation of the status quo, says Tariq Ali in this RNN interview.
Marshall Auerback: Trump’s Trade War with China Will Cause an Economic Catastrophe — Here’s a Better Solution
How to impose trade rules that will bring jobs back to the US in a much more surgical manner than a costly and potentially self-defeating trade wars.
2:00PM Water Cooler 7/19/2018
Temporarily open thread.
Obama Continues His Long Con at the Nelson Mandela Annual Lecture
Former United States Barack Obama[1] gave the Sixteenth Annual Nelson Mandela Lecture[2] on July 17 before 15,000 people at the Bidvest Wanderers Stadium in Illovo, a wealthy suburb of Johannesburg. The lecture was also streamed online. The event was sponsored by the Nelson Mandela Foundation[3]. I really ought to get out my magic markers and […]
Google Bitten by 2nd Antitrust Fine in the EU, $5 Billion, Hugest Ever Anywhere. Third Waiting in the Wings
Google has used Android as a vehicle to cement the dominance of its search engine.
Can Globalization Be Reversed?
Will the Trump tariffs lead to a rollback of globalization? And if so, what might it look like?
Marshall Auerback: How Plan to Replace LIBOR Will Cement Fed’s Role as Global Central Banker
How proposals to replace LIBOR will strengthen the Fed’s position in global markets.
2:00PM Water Cooler 7/18/2018
Today’s Water Cooler: Textiles and trade, Clinton, Cuomo corruption, Helsinki commentary, electronic voting, mortage applications, housing starts, home delivery, labor market, Eric Garner, federated social networks
