Monthly Archives: June 2014

June 30, 2014

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

• BIS Warns About Destabilizing Low Interest Rates
  by Yves Smith 5:18 am

• Don Quijones: Mini Tax Havens – How Europe’s 1% Gets to Pay Only 1%
  by Yves Smith 4:16 am

• The Crapification of Biomedical Research
  by Yves Smith 3:22 am

• Randy Wray: The Rise of Monetary Cranks and Fixing What Ain’t Broke
  by Yves Smith 12:37 am

June 29, 2014

• Links 6/29/14
  by Yves Smith 6:55 am

• Harris v. Quinn: Will the Supreme Court Abolish Public Sector Unions on Monday
  by Yves Smith 3:19 am

• Europe Has Wasted a Good Crisis
  by Yves Smith 12:21 am

• Catch Us on Harry Shearer’s Le Show Today
  by Yves Smith 12:01 am

June 28, 2014

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

• Why Did GDP Fall So Dramatically Last Quarter?
  by Yves Smith 2:39 am

• Why the Rich Aren’t Job Creators
  by Yves Smith 1:57 am

• Randy Wray: Modern Monetary Theory – The Basics
  by Yves Smith 1:15 am

June 27, 2014

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

• Ignacio Portes: Paul Singer v. Argentina – A Thriller Reaches Its Climax
  by Yves Smith 6:25 am

• Why Banks Must Be Allowed to Create Money
  by Yves Smith 2:40 am

• Peter Van Buren: Shredding the Fourth Amendment in Post-Constitutional America
  by Yves Smith 1:58 am

• Corporate Bond Trading a Casualty of QE and ZIRP
  by Yves Smith 1:41 am

June 26, 2014

• Links 6/26/14
  by Yves Smith 6:55 am

• GDP Hits Air Pocket: Recession Warning or False Alarm?
  by Yves Smith 4:46 am

• Philip Pilkington: ‘Uncertainty’ in Contemporary DSGE Modelling – Not Even Wrong
  by Yves Smith 3:47 am

• Wolf Richter: Bank Regulator OCC Details Crazy Risk-Taking, Blames Fed
  by Yves Smith 3:45 am

• Mexican Shale Industry Hoist on Nafta-Induced Gang Violence Petard
  by Yves Smith 12:45 am

June 25, 2014

• Links 6/25/14
  by Yves Smith 6:54 am

• Bill Black: Obama’s Latest Betrayal in Favor of the Big Banks: TISA
  by Yves Smith 6:10 am

• NY Fed’s Bogus Estimate of Return on College and the Neglect of the Intellectual Commons
  by Yves Smith 5:49 am

• Hillary Clinton: Has She Lost Her Touch?
  by Lambert Strether 3:55 am

• Wells Smacked Down Over Bad Faith Arguments in Foreclosure Case
  by Yves Smith 3:03 am

June 24, 2014

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

• Bill Black: The EU Center-Right and Ultra-Right’s Continuing War on the People of the EU
  by Yves Smith 5:47 am

• New York Times Snipes at Neil Barofsky Yet Again
  by Yves Smith 5:19 am

• “Risky Business” Climate Report: Paulson, Bloomberg, Rubin, Schultz Late to Combat the Denialists
  by Yves Smith 4:10 am

June 23, 2014

• How Private Equity Investors Signed Up for Tax Trouble
  by Yves Smith 9:45 pm

• Links 6/23/14
  by Lambert Strether 6:55 am

• Maine in the Crosshairs: The Penobscot, the East-West Corridor, and Globalization
  by Lambert Strether 6:50 am

• Culture: Persistence and Evolution
  by Lambert Strether 1:55 am

• Why a Carbon Tax is Better Than Obama’s Cap and Trade
  by Yves Smith 1:10 am

June 22, 2014

• US to Fine BNP $8+ Billion, Suspend Access to Dollar Clearing
  by Yves Smith 9:58 pm

• Links 6/22/14
  by Lambert Strether 6:55 am

• The VA, Still The “Best Care Anywhere”
  by Lambert Strether 2:55 am

• Trade Treaties and the Coming Rule of the Global Corporatocracy
  by Lambert Strether 12:55 am

June 21, 2014

• Google Algorithm Change Whacks Naked Capitalism
  by Yves Smith 10:18 pm

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

• Michael Perelman: Why Adam Smith Advocated Controls Over Workers
  by Yves Smith 4:03 am

• Andrew Bacevich Discusses How America Made a Mess of Iraq on Bill Moyers
  by Yves Smith 3:16 am

June 20, 2014

• Links 6/20/14
  by Yves Smith 7:02 am

• The Fed’s Ever-Burgeoning Market Manipulation Support
  by Yves Smith 6:59 am

• The Ugly Truth About Electronic Health Records
  by Yves Smith 6:03 am

• More Finance, More Growth? More Finance, More Crises?
  by Yves Smith 4:38 am

• Wikileaks Exposes Super Secret, Regulation-Gutting Financial Services Pact
  by Yves Smith 3:15 am

June 19, 2014

• Links 6/19/14
  by Yves Smith 6:58 am

• How Oligopolies Undermined Competitiveness and Produced Inequality
  by Yves Smith 6:50 am

• Debunking the Hype about the European “Recovery”
  by Yves Smith 5:19 am

• Obesity Higher Among Long-Term Unemployed
  by Yves Smith 3:25 am

• Randy Wray: Tax Bads, Not Goods
  by Yves Smith 1:28 am

June 18, 2014

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

• Plagiarism: Theft, Fraud, Betrayal (and Extenuating Circumstances)
  by Lambert Strether 5:55 am

• Michael Perelman: The Fraud of Adam Smith’s Pin Factory
  by Yves Smith 2:52 am

• Ariel Dorfman: A Tale of Torture and Forgiveness
  by Yves Smith 1:50 am

• The Role of Finance in Detroit’s Bankruptcy and State/Local Budget Woes
  by Yves Smith 12:55 am

June 17, 2014

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

• Repeated Foreclosures on an On-Time Borrower Demonstrate Failure to Fix Servicing and Fallacy of “Save Banks at All Costs” Policy
  by Yves Smith 6:43 am

• Wolf Richter: Housing Hit the Wall of Wall Street in May
  by Yves Smith 5:00 am

• New Zealand: The Shell Company Incorporation Franchises: Round-Up
  by Richard Smith 12:59 am

June 16, 2014

• Russia Cuts Off Gas Supplies to the Ukraine
  by Yves Smith 5:15 pm

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

• The Pragmatic Case for Fossil Fuel Divestment to Address Climate Change
  by Yves Smith 6:31 am

• North Carolina Treasurer, Accused of Malfeasance , Defends Secrecy of Private Equity Investments
  by Yves Smith 6:18 am

• Peter Van Buren: Taking Down the First Amendment in Post-Constitutional America
  by Yves Smith 6:16 am

• Central Banks Goose Stock Markets
  by Lambert Strether 2:25 am

June 15, 2014

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

• The Metaphysics of Money
  by Yves Smith 4:02 am

• Anat Admati Discusses the Still-Too-Big-to-Fail Banks on Bill Moyers
  by Yves Smith 3:58 am

• Buying Health Insurance: A Pig in a Poke
  by Yves Smith 3:47 am

• A Loss in San Francisco
  by Yves Smith 1:34 am

June 14, 2014

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

• ObamaCare Roundup: Random Rates and Narrow Networks
  by Lambert Strether 5:25 am

• J.D. Alt: Piketty, Wealth, and The Sinking of Norfolk
  by Lambert Strether 2:55 am

June 13, 2014

• Links 6/13/14
  by Lambert Strether 6:55 am

• ObamaCare Roundup: Constitutional Challenges, Profits, Medicaid, and Costs
  by Lambert Strether 5:55 am

• Blogs Review: The Sharing Economy Hype
  by Lambert Strether 3:55 am

• SEC Commissioner Kara Stein Declares War on SEC Chair Mary Jo White
  by Yves Smith 2:01 am

• ND Ethics Law Potentially Broken on Petraeus Fracking Trip for Private Equity Kingpin KKR
  by Yves Smith 1:07 am

June 12, 2014

• Links 6/12/14
  by David Dayen 4:00 am

• Net Neutrality: A Simple Goal With Some Difficult Implementation Ahead
  by Lambert Strether 2:55 am

• Mosul Falls to Insurgents, Threatening Iraqi Oil Sector
  by David Dayen 2:00 am

• Bill Black: How Hayek Helped the Worst Get to the Top in Economics and as CEOs
  by Yves Smith 1:03 am

• Cantor’s Loss a Triumph for Anti-Corporate Right-Wing Populism
  by David Dayen 1:00 am

June 11, 2014

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

• Privatizing America’s Public Universities as “Shock Doctrine” (or Not)
  by Lambert Strether 5:55 am

• Hard Choices Are Hard Only When They Exist in The First Place
  by Lambert Strether 3:55 am

• Wolf Richter: Fed’s Bullard Calls Out Ignoring Bubbles Developing “Under Our Noses,” So What About Now?
  by Yves Smith 2:20 am

• More on CalPERS’ Sloppy Private Equity Records and Its Aggressive Stonewalling
  by Yves Smith 12:03 am

June 10, 2014

• Links 6/10/14
  by David Dayen 3:00 am

• Student Loan Servicer Corruption Rewarded, Covered For in New Round of Obama Executive Actions
  by David Dayen 2:00 am

• Ashoka Mody and Michael Walton: Story of a Fraying Capitalism in India
  by David Dayen 1:00 am

• Gaius Publius: Did the “Clean Natural Gas” (Methane) Lobby Help Write the EPA “Clean Power Plan”?
  by Yves Smith 12:52 am

• Yanis Varoufakis: Europe’s Crisis –The Rise of the Ultra-Right is the Left’s Fault
  by Yves Smith 12:15 am

June 9, 2014

• Links 6/9/14
  by Lambert Strether 6:55 am

• Confronting Financialization on Steroids
  by Lambert Strether 3:25 am

• Larry Summers’ Contradictory and Dishonest Defense of Administration’s Bank-Focused Crisis Response
  by Yves Smith 2:09 am

• EXCLUSIVE REPORT: NSA Whistleblower: Snowden Never Had Access to the JUICIEST Documents … Far More Damning
  by George Washington 1:25 am

• Russian Companies Plan to Denominate More Trade in Renminbi
  by Yves Smith 12:24 am

June 8, 2014

• Links 6/8/14
  by Lambert Strether 6:55 am

• Greenspace, Gardeners, Parents, Property, and Common Pool Resources
  by Lambert Strether 5:50 am

• Gender and the Labour Market: Evidence From Experiments
  by Lambert Strether 4:55 am

June 7, 2014

• Links 6/7/14
  by Lambert Strether 6:55 am

• June Fifth: “Edward Snowden Day” Except Not. Yet.
  by Lambert Strether 4:55 am

• Piketty’s “Second Law of Capitalism” — Is it Fundamental?
  by Lambert Strether 1:25 am

June 6, 2014

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

• David Cay Johnston on the Perils of Our Growing Inequality
  by Yves Smith 5:19 am

• Another Day, Another Bad Incentive Deal
  by Yves Smith 4:32 am

• How the Troika, the WSJ and the NYT Keep the Public Befuddled About Austerity and Deflation
  by Yves Smith 3:47 am

• The SEC’s Mary Jo White Punts on High Frequency Trading and Abandons Securities Act of 1934
  by Yves Smith 2:52 am

June 5, 2014

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

• Negative ECB Deposit Rate: But What Next?
  by Yves Smith 4:21 am

• Robert Pollin and Dean Baker Discuss the Anemic Recovery and Why Economists Don’t Recommend Real Remedies
  by Yves Smith 3:34 am

• The Federal Reserve Versus Hyman Minsky (and Deflation)
  by Yves Smith 1:12 am

• Obama’s Climate Plan is Leaking Methane
  by Yves Smith 12:30 am

June 4, 2014

• Links 6/4/14
  by Yves Smith 6:55 am

• Private Equity Limited Partners Don’t Get Independent Valuations of Fund Investments
  by Yves Smith 4:17 am

• Why Don’t the Unemployed Get Off Their Couches?
  by Yves Smith 1:45 am

• Gaius Publius: Obama’s Flawed Cap-and-Trade, Um, Pay-to-Pollute, Emissions Plan
  by Yves Smith 1:45 am

• New Zealand: the Shell Company Incorporation Franchises (V) (and Panama and Switzerland)
  by Richard Smith 12:35 am

June 3, 2014

• Links 6/3/14
  by Yves Smith 6:55 am

• Debunking the Myth of Private Equity’s Superior Returns
  by Yves Smith 6:22 am

• A Reflection on Piketty’s “Rentiers Always Win” or r > g
  by Yves Smith 2:48 am

• Mathew D. Rose: When European Politicians Cannot Read the Handwriting on the Wall
  by Yves Smith 1:02 am

• Is That a Good State/Local Economic Development Deal? A Checklist
  by Yves Smith 12:57 am

June 2, 2014

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

• The KKR Capstone Scam: A Picture Worth 10,000 Words
  by Yves Smith 5:07 am

• Piketty’s Wealth Tax Won’t Hurt Investment
  by Yves Smith 3:00 am

• Bill Black: Spain’s “Stimulus” Plan – Austerity, Rebranded
  by Yves Smith 2:20 am

• Ilargi: The Illusionary Economy Revives Helocs, the Home ATM
  by Yves Smith 1:28 am

June 1, 2014

• Links 6/1/14
  by Yves Smith 6:55 am

• Michael Hudson: The EU Parliament Elections as a Vote Against the Oligarchs
  by Yves Smith 2:06 am

• Joe Costello: Why the Oil Industry is Running Into Major Trouble
  by Yves Smith 12:46 am