Monthly Archives: April 2013

April 30, 2013

• Links 4/30/13
  by Yves Smith 4:16 am

• Did the Euro Kill Governance in the Periphery?
  by Yves Smith 3:55 am

• France Versus Reality
  by Yves Smith 2:39 am

• New Paper Links Food Price Inflation to the Power of “Agro-Trader Nexus” (ie, Monsantos + Cargills)
  by Yves Smith 12:51 am

• Lynn Parramore: When Your Boss Steals Your Wages – The Invisible Epidemic That’s Sweeping America
  by Yves Smith 12:15 am

April 29, 2013

• Links 4/29/13
  by Yves Smith 5:09 am

• Recession and Austerity Good for the Rich
  by Yves Smith 4:12 am

• Mary Jo White About to Get Off to a Bad Start
  by Yves Smith 3:29 am

• Bundesbank Looks to Undermine Italy
  by Yves Smith 2:24 am

• OCC Misses Another Conflict of Interest: Foreclosure Review Outreach/Payment Processor Rust Consulting Owned By Residential Real Estate Player Apollo, Being Sold to VC Arm of Citigroup
  by Yves Smith 12:27 am

April 28, 2013

• Links 4/28/13
  by Yves Smith 3:11 am

• Yanis Varoufakis: Intransigent Bundesbank – Mr. Jens Weidmann’s Surreptitious Campaign to Bring Back the (Greater) Deutsch Mark
  by Yves Smith 2:04 am

• Reply to Reinhart and Rogoff’s NYT Response to Critics
  by Yves Smith 2:02 am

April 27, 2013

• Links 4/27/13
  by Yves Smith 2:48 am

• Rajiv Sethi: Macon Money, the Anti-Bitcoin
  by Yves Smith 2:24 am

• Wolf Richter: Luxembourg Is Not The Next Cyprus, Not Yet, But….
  by Yves Smith 2:03 am

April 26, 2013

• Links 4/26/13
  by Yves Smith 4:27 am

• Medical Journal Editorial Blasts Obamacare for Increasing Underinsurance
  by Yves Smith 4:09 am

• Inequality, Technical Change and the “Hunger for Surplus Value”
  by Yves Smith 2:29 am

• If Only Europe Could Sell Unemployment
  by Yves Smith 2:16 am

• John Galt Kills Texans in Massive Fertilizer Plant Explosion
  by Yves Smith 12:38 am

April 25, 2013

• Links 4/25/13
  by Yves Smith 6:30 am

• Bank “Zombie Title” Rises, Hurting Communities and Borrowers, as OCC and Fed Sit Pat
  by Yves Smith 5:34 am

• Dan Kervick: Bitcoin’s Deflationary Weirdness
  by Yves Smith 4:11 am

• Are Extroverts to Blame for Excessive Risk-Taking?
  by Yves Smith 3:43 am

• Congress Scheming to Avoid Eating its Own Cooking on Obamacare
  by Yves Smith 1:43 am

April 24, 2013

• Links 4/24/13
  by Yves Smith 6:51 am

• Mirabile Dictu! Someone (Bankruptcy Trustee Freeh) Finally Sues Jon Corzine Over MF Global
  by Yves Smith 6:44 am

• Even Harsh Frontline Program on Retirement Investments Understates How Bad They Are
  by Yves Smith 5:15 am

• The Inflation Dog Didn’t Bark, But What About the Others?
  by Yves Smith 2:36 am

• Stephanie Kelton: Making The Case Against Austerity
  by Yves Smith 1:45 am

April 23, 2013

• Links 4/23/13
  by Yves Smith 6:14 am

• Yanis Varoufakis: Bitcoin and the Dangerous Fantasy of ‘Apolitical’ Money
  by Yves Smith 5:08 am

• Wolf Richter: Corporate America’s Excuses Rise as Earnings and Revenues Fall
  by Yves Smith 4:54 am

• Beware Bait and Switching WP Engine! A Case Study in Devolution
  by Yves Smith 3:05 am

April 22, 2013

• Fierce Anti Bank Music Video by Animal Kingdom (NSFW)
  by Yves Smith 7:58 pm

• Links 4/22/13
  by Lambert Strether 6:55 am

• Permaculture Paradise at Alex’s Front Yard Garden!
  by Lambert Strether 4:24 am

• The Hissing Sound of Air Leaving the Economy
  by Yves Smith 3:59 am

• Philip Pilkington: Defrocking Reinhart and Rogoff – Controversy Ignores Fundamental Issues in the Use and Abuse of Statistical Studies
  by Yves Smith 3:42 am

• Michael T. Klare: Entering a Resource-Shock World: How Resource Scarcity and Climate Change Could Produce a Global Explosion
  by Lambert Strether 1:00 am

April 21, 2013

• Links 4/21/13
  by Lambert Strether 6:55 am

• Boston Bombing: Links and Commentary
  by Lambert Strether 6:08 am

• Robert Johnson on the Oligarchs: “They’re All Standing on the Deck of the Titanic Looking in Each Other’s Eyes”
  by Lambert Strether 1:55 am

April 20, 2013

• Links 4/20/13
  by Yves Smith 5:36 am

• The Elephants in the Room: Citizens United, Trade and Corporate Ownership of Our Natural Resources
  by Yves Smith 5:08 am

• “Manufacturing Consent” 25 Years Later
  by Yves Smith 4:46 am

• Boston Bombing Open Thread
  by Yves Smith 2:38 am

April 19, 2013

• Links 4/19/13
  by Yves Smith 5:35 am

• Jeffrey Sachs Calls Out Wall Street Criminality and Pathological Greed
  by Yves Smith 5:14 am

• More Foreclosure Review Fiasco: Paying Agent Rust Consulting Sends Letters to Different Addresses Than on Borrower Letters, Refuses to Make Corrections
  by Yves Smith 5:00 am

• Yanis Varoufakis: Greek Banksters in Action – On the Latest Twist in the Story of Mafia-Style Terror Spreading Through the Greek Polity
  by Yves Smith 2:44 am

April 18, 2013

• Soros is Dead! Whoops, Not, Reuters Pulled Trigger Early
  by Yves Smith 11:16 pm

• Twisted Tale of Bad Math and Hubris: Global Austerity Based on a Spreadsheet Error
  by Yves Smith 2:31 pm

• Bipartisan Report: U.S. Practiced Widespread Torture, Torture Has “No Jusification” and Doesn’t Yield Significant Information, Nation’s Highest Officials Bear Responsibility
  by George Washington 10:21 am

• Links 4/18/13
  by Yves Smith 6:27 am

• Independent Foreclosure Review Fiasco: OCC and Fed Decided Not to Find Harm
  by Yves Smith 6:00 am

• What Drives US North Korea Policy?
  by Yves Smith 5:41 am

• War on Whistleblowers: How the Obama Administration Destroyed Thomas Drake For Exposing Government Waste
  by Yves Smith 2:19 am

April 17, 2013

• Was “Cigarette-Money” in World War II POW Camps a Case of Commodity Money Origination?
  by Yves Smith 11:10 am

• Links 4/17/13
  by Yves Smith 5:01 am

• Vice Chairman of Chinese Accounting Association Warns Chinese Local Debt Could Create Bigger Crisis than US Housing Implosion
  by Yves Smith 3:38 am

• More Washington Sleaze: Lobbyist Tip Stoked Health Care Stock Jump
  by Yves Smith 1:32 am

April 16, 2013

• Linchpin Pro-Austerity Paper Rife with Errors; Recomputed Results Show No Growth Hit from High Government Debt
  by Yves Smith 8:24 pm

• Links 4/16/13
  by Yves Smith 5:42 am

• Richard Alford: Has the Household Sector Delevered?
  by Yves Smith 5:03 am

• Obama: The Buckraking Starts Here
  by Yves Smith 5:02 am

• Here’s How the Foreclosure Reviews Could Have Been Done Much Faster and Cheaper
  by Yves Smith 3:43 am

• Gold Crash Signals End but End of What?
  by Yves Smith 2:32 am

April 15, 2013

• Links 4/15/13
  by Yves Smith 6:19 am

• Foreclosure Review Hearings Show It’s Time to Burn Down the OCC
  by Yves Smith 6:16 am

• Obama Honors Thatcher with TVA “Privatization” Plan, Kicks Ordinary People in the Stomach Again
  by Nathan Tankus 5:02 am

• Joe Stiglitz Blasts Our Wealthy-Coddling Tax System for Increasing the Returns on Rent-Seeking
  by Yves Smith 3:11 am

• Europe’s Stark Choice: Resignation or Revolution
  by Yves Smith 12:38 am

April 14, 2013

• Links 4/14/13
  by Yves Smith 4:39 am

• Hire the Undervalued Neurotic, You’ll be Happy You Did
  by Yves Smith 3:49 am

• Nuclear Is NOT a Low-Carbon Source of Energy
  by George Washington 12:52 am

April 13, 2013

• Links 4/13/13
  by Yves Smith 4:52 am

• Obama Social Security Reform Ignores Data on Actual Living Standards of Seniors
  by Yves Smith 4:20 am

• Why Germany (Mistakenly) Thinks it Can Kill Its Export Markets Through Austerity and Still Prosper
  by Yves Smith 3:45 am

April 12, 2013

• Links 4/12/13
  by Yves Smith 6:55 am

• Troika Demands Another €6 Billion from Cyprus, Making “Rescue” Bigger Than GDP
  by Yves Smith 6:03 am

• Notes and Excursions on Christopher Alexanders “The Battle for the Life and Beauty of the Earth”
  by Lambert Strether 4:46 am

• Michael Hudson on Obama’s “Catfood” Social Security Reform
  by Yves Smith 1:31 am

April 11, 2013

• Banks Resorting to Old Tricks to Reduce Capital Levels
  by Yves Smith 11:41 am

• Links 4/11/13
  by Yves Smith 6:59 am

• Game of Thrones and Our Scheming Elites
  by Yves Smith 6:32 am

• Debunking the Idea that Americans are Overtaxed
  by Yves Smith 4:52 am

• Fed Argues that Mortgage Abuses are Trade Secrets, Meaning Institutionalized Fraud
  by Yves Smith 3:41 am

• The GFC is Dead, Long Live the GFC!
  by Yves Smith 1:36 am

April 10, 2013

• Obama Moves Forward with Cutting Social Security and Medicare as We Lecture Europe Otherwise
  by Yves Smith 8:03 am

• Links 4/10/13
  by Yves Smith 7:07 am

• OCC Releases Embarrassing List of Foreclosure Review Payouts on Eve of Senate Hearings
  by Yves Smith 6:59 am

• BBC on Child Poverty in the US
  by Yves Smith 4:26 am

• Has Walmart Been Engaging in Large Scale Accounting Fraud?
  by Yves Smith 3:41 am

April 9, 2013

• Links 4/9/13
  by Yves Smith 5:54 am

• Bill Black: The New York Times Thinks Bleeding Cyprus is “Strong Medicine”
  by Yves Smith 5:47 am

• The Damaging Links Between Food, Fuel and Finance: A Growing Threat to Food Security
  by Yves Smith 5:23 am

• Why Gary Gensler Should be #2 at Treasury
  by Yves Smith 3:14 am

April 8, 2013

• Michael Hudson: Thatcher’s Legacy of Failed Privatizations
  by Yves Smith 4:25 pm

• Links 4/8/13
  by Lambert Strether 6:55 am

• Launching Improved PC/Android/Printer Friendly Version of Our Free Ebook on the OCC/Fed Foreclosure Review Fiasco
  by Yves Smith 6:05 am

• Nathan Tankus: News Flash – North Korea is a Rational Actor
  by Nathan Tankus 5:14 am

• GAO Report on Foreclosure Reviews Misses How Regulators Conspired with Banks Against Homeowners
  by Yves Smith 5:06 am

• Obama’s Benefit-Cuts Budget Takes More from Seniors than from the Wealthy
  by Lambert Strether 1:55 am

April 7, 2013

• Links 4/7/13
  by Lambert Strether 6:55 am

• Obama at the Hamilton Project, 2006: “This is not a bloodless process.”
  by Lambert Strether 5:30 am

April 6, 2013

• New Zealand: Pseudo-Financial Companies, and GT Group, Both Still Going Strong.
  by Richard Smith 11:55 pm

• Links 4/6/13
  by Yves Smith 5:00 am

• The New Social Darwinism: Companies Require Workers to Divulge Health Info so They Can Charge Overweight and Others Deemed Less Healthy
  by Yves Smith 4:57 am

• The BLS Jobs Report Covering March 2013: Blah Trend Numbers but Some Seasonal Strength Although Not As Good As Previous Years
  by Lambert Strether 2:55 am

• Your Humble Blogger Appears on RT’s “Truthseeker”
  by Yves Smith 1:39 am

April 5, 2013

• Launching Our First (Free) Ebook on the OCC/Fed Foreclosure Review Fiasco
  by Yves Smith 9:05 am

• Links 4/5/13
  by Yves Smith 6:26 am

• Now It’s Official: Obama Sells Catfood Futures, Um, Social Security and Medicare Cuts
  by Yves Smith 5:32 am

• Supply Chain Problems Hitting Hospitals Near You
  by Yves Smith 3:38 am

• Time to Look Behind the Curtain and See Who is Against Full Employment
  by Yves Smith 2:05 am

April 4, 2013

• Links 4/4/13
  by Yves Smith 5:46 am

• David Dayen: GAO Report on Independent Foreclosure Reviews Exposes OCC, Fed’s Plan to Deliberately Minimize Evidence of Borrower Harm
  by David Dayen 5:21 am

• QE Forever?
  by Yves Smith 5:02 am

• Fiduciary Duty to Cheat? Jim Chanos Reveals the Perverse New Mindset of Financial Fraudsters (by Lynn Parramore)
  by Yves Smith 3:59 am

• Euro-da-Fé
  by Yves Smith 3:40 am

April 3, 2013

• Links 4/3/13
  by Yves Smith 5:30 am

• How Wall Street Gets Development Agencies to Push Emerging Economies into Derivatives
  by Yves Smith 5:14 am

• Like Nixon to China, It Takes a Democrat to Put the First Knife in Social Security
  by Yves Smith 12:39 am

April 2, 2013

• (Updated) Ending Nuclear Power DECREASING Carbon Dioxide Output In Germany
  by George Washington 5:59 pm

• Walmart Continues to Deny it Has a Staffing/Stocking Problem After E-mail Deluge to Bloomberg
  by Yves Smith 4:45 pm

• Links 4/2/13
  by Yves Smith 5:29 am

• Bill Greider on Why Paul Krugman Was So Wrong
  by Yves Smith 4:36 am

• Richard Alford: Fed Policy – Old Wine in New Bottles
  by Yves Smith 2:56 am

• Promontory Decides to Reinvest Part of its $1 Billion of Ill Gotten Gains from Botched Foreclosure Reviews By Buying Hiring Former SEC Chief Shapiro
  by Yves Smith 2:54 am

• When “Culture” is the Best Explanation
  by Yves Smith 2:04 am

April 1, 2013

• Links 4/1/13
  by Yves Smith 6:21 am

• More on Devolution and the Walmartization of Our Economy
  by Yves Smith 4:08 am

• TransPacific Partnership Threatens Sovereignty and Public Ownership
  by Yves Smith 2:43 am

• Wells Fargo’s “Reprehensible” Foreclosure Abuses Prove Incompetence and Collusion of OCC
  by Yves Smith 2:19 am