Monthly Archives: May 2014

May 31, 2014

• Links 5/31/14
  by Yves Smith 6:55 am

• Wolf Richter: The Big Hoax Of The Wall Street Hype Machine
  by Yves Smith 4:03 am

• Randy Wray: Taxes and the Public Purpose
  by Yves Smith 1:46 am

May 30, 2014

• Private Equity Says “Nothing to See Here” on Secret Document Release, So Why Not See Them All?
  by Yves Smith 7:12 am

• Links 5/30/14
  by Yves Smith 6:55 am

• Big Food, Big Pharma, Big Tobacco, Big Finance, and Little Marijuana
  by Yves Smith 4:56 am

• Bill Black: OCC as Case Study of How Regulators Decide to Fail
  by Yves Smith 4:39 am

• Where Have All the Fiduciaries Gone? Even Rich People Can’t Escape Being Screwed
  by Yves Smith 3:31 am

May 29, 2014

• Links 5/29/14
  by Yves Smith 6:20 am

• MMT on a Postcard
  by Lambert Strether 5:50 am

• The Surprising Information that Private Equity Limited Partners Don’t Get
  by Yves Smith 5:49 am

• Wolf Richter: Housing Bubble 2 Already Collapsing for the 99%
  by Yves Smith 1:33 am

• Yanis Varoufakis: One Extreme Europe? On the Parliamentary Election Results
  by Yves Smith 12:57 am

May 28, 2014

• Links 5/28/14
  by Yves Smith 6:55 am

• Media Starting to Wake Up to Private Equity Grifting
  by Yves Smith 6:40 am

• Michael Klare: Energy Companies Persuade Emerging Economies To Embrace Environmental Destruction, Erm, Growth
  by Yves Smith 4:25 am

• Ukraine: The Real Energy Crisis Starts in June
  by Yves Smith 1:38 am

• Why Have Private Equity Limited Partners Done a Lousy Job of Protecting Their Interests?
  by Yves Smith 12:52 am

May 27, 2014

• Links 5/27/14
  by Yves Smith 6:55 am

• Michael Perelman: Vietnam – Invitation to a Morass
  by Yves Smith 3:37 am

• Don Quijones: The Bank That Nobody Wants To Buy
  by Yves Smith 2:15 am

May 26, 2014

• The Private Equity Limited Partnership Agreement Release: The Industry’s Snowden Moment
  by Yves Smith 6:35 pm

• A Warm Welcome to Our New Private Equity Readers
  by Yves Smith 6:33 pm

• Links 5/26/14
  by Lambert Strether 6:55 am

• European Voters Deliver the Revenge of the Nation-State
  by Yves Smith 3:35 am

• Philip Pilkington: Has Thomas Piketty Pulled a Reinhart and Rogoff?
  by Lambert Strether 1:55 am

• Bruce Eckle on Reinventing Business
  by Yves Smith 1:42 am

May 25, 2014

• Links 5/25/14
  by Yves Smith 6:55 am

• New York Times’ New Editor Buries Important Story on Private Equity Fee Shenanigans on Holiday Weekend
  by Yves Smith 2:34 am

• Wolf Richter: World Trade Suddenly Slumps (Just Forget ‘Escape Velocity’)
  by Yves Smith 12:56 am

May 24, 2014

• Links 5/24/14
  by Yves Smith 6:55 am

• Global Food Security Needs States to Ally with Family Farmers
  by Yves Smith 3:16 am

• Financial Times Finds “Many” Errors in Piketty Analysis, Argues They Undermine His Thesis
  by Yves Smith 2:23 am

May 23, 2014

• Links 5/23/14
  by Yves Smith 6:55 am

• Widespread Signs of Credit Market Froth
  by Yves Smith 5:55 am

• New Zealand: the Shell Company Incorporation Franchises (IV) (and Latvia)
  by Richard Smith 5:34 am

• Credence Goods: The Unique Economics of Health Care
  by Yves Smith 3:12 am

• Credit Suisse’s Guilty Plea: The WSJ Uses the Right Adjective to Modify the Wrong Noun
  by Yves Smith 2:45 am

May 22, 2014

• Links 5/22/14
  by Yves Smith 6:59 am

• Wall Street Journal Exposes Possible Grifting by Private Equity Kingpin KKR and KKR Capstone
  by Yves Smith 6:20 am

• America: Europe and Canada’s Willing Chump
  by Yves Smith 4:20 am

• Is the Piketty Enthusiasm Bubble Subsiding?
  by Yves Smith 2:07 am

• Gaius Publius: “Erring on the Side of Least Drama” — Why Climate Scientists are Inherently Conservative
  by Yves Smith 12:21 am

May 21, 2014

• Links 5/21/14
  by Yves Smith 6:55 am

• R. Hunter Biden Should Declare Who Really Owns His New Ukrainian Employer, Burisma Holdings
  by Richard Smith 5:45 am

• Wolf Richter: This Chart Is The Fate of Housing In America As Student Loans Bankrupt A Whole Generation
  by Yves Smith 4:48 am

• Randy Wray: Forget Taxes for Redistribution – What to do About Inequality
  by Yves Smith 4:22 am

• How Obamacare Policy Holders and Big Pharma Lose Out from Insurers Gaming Plan Designs
  by Yves Smith 3:20 am

May 20, 2014

• Links 5/20/14
  by Yves Smith 6:55 am

• Ilargi: European Democracy Is Roadkill
  by Yves Smith 6:10 am

• DoJ Does Victory Lap on Credit Suisse Guilty Plea on Single Criminal Charge
  by Yves Smith 5:20 am

• A Whistleblower’s Tainted Defeat: CA Appellate Reversal Paves Way for Continued Bank Retaliation
  by Yves Smith 4:55 am

• Maggie Mahar: How Doctors Stymie the Wishes of the Elderly
  by Yves Smith 2:15 am

May 19, 2014

• Links 5/19/14
  by Yves Smith 6:55 am

• The Elderly as a Source of Profit
  by Yves Smith 5:22 am

• Michael Perelman: The Rise of Free-Trade Imperialism and Military Keynesianism
  by Yves Smith 3:00 am

• The Birth of a Eurasian Century: Russia and China Do Pipelineistan
  by Yves Smith 2:58 am

• Philip Pilkington: Why Thomas Piketty is Wrong About Inflation and Interest Rates
  by Yves Smith 12:19 am

May 18, 2014

• Links 5/18/14
  by Yves Smith 6:55 am

• We Speak About Private Equity Rental Housing and SEC Problems on RT
  by Yves Smith 3:27 am

• Growing Public Awareness and Concern About the “Attitudinal Model” of Supreme Court Votes
  by Yves Smith 2:57 am

May 17, 2014

• Links 5/17/14
  by Yves Smith 6:55 am

• Randy Wray: What are Taxes For? The MMT Approach
  by Yves Smith 3:29 am

• Current Problems Associated with the End of the Third Industrial Revolution
  by Yves Smith 3:01 am

May 16, 2014

• Links 5/16/14
  by Lambert Strether 6:55 am

• The Tragedy of the Soma Mine-Workers: A Crime of Peripheral Capitalism Unleashed
  by Yves Smith 4:00 am

• UK Survey Finds High Levels of Depression and Desperation Among the Young
  by Yves Smith 2:56 am

• Michael Hudson: The New Cold War’s Ukraine Gambit
  by Yves Smith 2:00 am

• New Zealand: the Shell Company Incorporation Franchises (III)
  by Richard Smith 12:47 am

May 15, 2014

• Links 5/15/14
  by Yves Smith 6:55 am

• How the Democrats Are Using Piketty’s Book on Inequality
  by Yves Smith 3:15 am

• Philip Pilkington: Cody Wilson and the Language of Power
  by Yves Smith 3:06 am

• More Polite Handwringing About Student Debt Mess
  by Yves Smith 3:00 am

• J.D. Alt: Climate Mitigation and Confusion About “Cost”: Who Benefits?
  by Lambert Strether 12:05 am

May 14, 2014

• Links 5/14/14
  by Yves Smith 6:55 am

• The Chronic Exporters’ Curse?
  by Yves Smith 6:35 am

• ObamaCare Post-Victory Lap Cooldown (2)
  by Lambert Strether 4:40 am

• Wolf Richter: Like So 2000 – Wall Street Pumps Crashed Internet Stocks
  by Yves Smith 3:04 am

• Richard Alford: Not Only Are Economists in Policy Roles Bad at Forecasting, They Also Do a Poor Job of Allowing for Error
  by Yves Smith 12:19 am

May 13, 2014

• Links 5/13/14
  by Yves Smith 6:55 am

• The Economics of Apologies
  by Yves Smith 6:19 am

• New Zealand: the Shell Company Incorporation Franchises (II) (and Ukraine)
  by Richard Smith 4:48 am

• ObamaCare Post-Victory Lap Cooldown
  by Lambert Strether 4:18 am

• Piketty’s Wealth Tax is Real, and It Works
  by Yves Smith 2:03 am

May 12, 2014

• Andrew Ross Sorkin, Timothy Geithner, and the Three Card Monte Model of Propaganda
  by Yves Smith 7:08 am

• Links 5/12/14
  by Lambert Strether 6:55 am

• Has America’s Use of Finance as a Foreign Policy Tool Backfired?
  by Yves Smith 6:30 am

• Yanis Varoufakis: Sleep-Deprived in Europe
  by Lambert Strether 4:55 am

• Abigail Field: Privatization Is Driven By Private Greed and Public Cowardice (and Public Greed, Too)
  by Lambert Strether 12:55 am

May 11, 2014

• Links 5/11/14
  by Lambert Strether 6:55 am

• TPP Is Another Upward Transfer of Wealth
  by Lambert Strether 3:55 am

• Neil Barofsky: Geithner, in His Forthcoming Book, Resorts to Already Discredited Factual Mischaracterizations and Name Calling
  by Lambert Strether 1:25 am

May 10, 2014

• Links 5/10/14
  by Yves Smith 6:55 am

• The Dow Jones Industrial Average is a Hoax
  by Yves Smith 4:13 am

• The Height of World War I Servicemen
  by Yves Smith 2:12 am

May 9, 2014

• Links 5/9/14
  by Yves Smith 6:55 am

• Rhode Island Senate Considering “Maximum Wage” Legislation
  by Yves Smith 4:35 am

• Why QE May Have Done Net Damage
  by Yves Smith 4:03 am

• Is the Strong Dollar the Real Cause of the Collapse of US Manufacturing and Secular Stagnation?
  by Yves Smith 2:29 am

• Michael Hudson: Stockholm Syndrome in the Baltics – Latvia’s Neoliberal War against Labor and Industry
  by Yves Smith 12:56 am

May 8, 2014

• Links 5/8/14
  by Yves Smith 6:55 am

• SEC Official Describes Widespread Lawbreaking and Material Weakness in Controls in Private Equity Industry
  by Yves Smith 5:34 am

• No Evidence Justice Department Will Prosecute U.S. Banks Responsible for Financial Crisis
  by Yves Smith 3:36 am

• Yanis Varoufakis: Virtual Worlds and the Future of Economics
  by Yves Smith 1:26 am

• New Zealand: the Shell Company Incorporation Franchises (I)
  by Richard Smith 12:06 am

May 7, 2014

• Links 5/7/14
  by Yves Smith 6:55 am

• Americans Raid 401(k)s, Replacing Home Equity Withdrawals as Way to Make Ends Meet
  by Yves Smith 3:39 am

• Wolf Richter: Hidden Leverage Threatens To Blow Up the Markets
  by Yves Smith 2:36 am

• Philip Pilkington: Why Economists Fail to Make ‘Rational’ Judgments and Why You Should Too
  by Yves Smith 1:39 am

• The Myth of the Great Moderation
  by Yves Smith 12:54 am

May 6, 2014

• Links 5/6/14
  by Yves Smith 6:59 am

• Kentucky Investment in Blackstone Fund of Funds Shows Desperation and Cluelessness of Some Public Pension Funds
  by Yves Smith 6:47 am

• Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices
  by Yves Smith 4:23 am

• Blackstone Unit Sued Over Slum-Like Condition of Single Family Home Rental
  by Yves Smith 1:47 am

• While New Zealand’s Company Law Reform Stalls, GT Group Helps a Thieving Ukrainian Despot
  by Richard Smith 12:04 am

May 5, 2014

• Links 5/5/14
  by Yves Smith 6:46 am

• How Milton Friedman Fomented the Barmy “Corporations Exist to Maximize Shareholder Value” Myth
  by Yves Smith 5:29 am

• Ilargi: A Stampede of Elephants in the China Shop
  by Yves Smith 2:43 am

• Yanis Varoufakis: Europe’s Slide into Deflation, and What to do About It
  by Yves Smith 12:41 am

• An International Student Call For Pluralism In Economics
  by Yves Smith 12:05 am

May 4, 2014

• Links 5/4/13
  by Yves Smith 6:55 am

• Don Quijones: Mutiny of the Lab Rats – Europeans Grow Weary of EU Experiment
  by Yves Smith 1:17 am

• Bill Moyers: Obama’s Latest Assault on Democracy – Undermining Net Neutrality
  by Yves Smith 12:25 am

May 3, 2014

• Links 5/3/14
  by Yves Smith 5:15 am

• Bill Black: NYT DealBook Praises Steve Jobs’ Serial Felonies
  by Yves Smith 3:52 am

• The BLS Jobs Report Covering April 2014: A Tale of Two Contradictory Reports And Deeply Mixed Messages
  by Yves Smith 3:20 am

• CalPERS: Judge Rules Our Suit is Premature
  by Yves Smith 2:09 am

May 2, 2014

• Links 5/2/14
  by Yves Smith 6:55 am

• Is Smart Money Buying or Selling Stocks?
  by Yves Smith 4:10 am

• Will “Highway Cliff” Allow Obama to Revive “Public/Private Partnership” Infrastructure Scam?
  by Yves Smith 3:20 am

• The Pervasiveness of Health Care Corruption as Shown by Another Roundup of Legal Settlements
  by Yves Smith 1:42 am

• An Empire in Decline, City by City, Town by Town
  by Yves Smith 12:24 am

May 1, 2014

• Links May Day 2014
  by Yves Smith 6:55 am

• Wolf Richter: Implosion of Housing Bubble 2 Hits Six Cities in the West
  by Yves Smith 4:43 am

• ObamaCare Clusterfuck: “Medical Homelessness” in California
  by Lambert Strether 3:34 am

• Bill Black: Since When Does Refusing to Put Fraudulent Banks into Receivership Help the Economy?
  by Yves Smith 2:59 am

• Philip Pilkington: Piketty’s Regressive Views on Public Debt and the Potential Impact of His Book
  by Yves Smith 1:41 am