Monthly Archives: October 2014

October 31, 2014

• 2:00PM Water Cooler 10/31/14
  by Lambert Strether 1:58 pm

• Slugfest Over Taibbi Exodus From First Look Fails to Address Editorial Meddling Doubts
  by Yves Smith 9:55 am

• Links 10/31/14
  by Yves Smith 6:58 am

• Fed Needs to Stop Asset Acquisitions for a Generation or So
  by Yves Smith 3:49 am

• Government, Not the Private Sector, Leads Innovation
  by Yves Smith 2:06 am

• “The Tragedy of Electronic Medical Records”
  by Yves Smith 1:37 am

October 30, 2014

• 2:00PM Water Cooler 10/30/14
  by Lambert Strether 1:58 pm

• Prosecutors Reopening Cases Against Bank Recidivists; Change or “Change You Can Believe in”?
  by Yves Smith 9:55 am

• Links 10/30/14
  by Yves Smith 6:55 am

• Wolf Richter: The Wrath of Draghi – First German Bank Hits Savers with Negative Interest Rate
  by Yves Smith 5:31 am

• Germany Turning Sour on the Transatlantic Trade and Investment Partnership
  by Yves Smith 3:47 am

• ECB Stress Tests: The View of an Insider
  by Yves Smith 2:40 am

October 29, 2014

• 2:00PM Water Cooler 10/29/14
  by Lambert Strether 1:55 pm

• Private Equity Consultants Flounder Over Question About Abusive “Evergreen Fees” at CalPERS Board Meeting
  by Yves Smith 8:11 am

• LInks 10/29/14
  by Yves Smith 6:55 am

• J.D. Alt: Have We Passed the Tipping Point of Biological Collapse?
  by Yves Smith 6:31 am

• SEC Commissioner Kara Stein Fighting for Tougher Bank Sanctions, Stymies Bank of America Settlement
  by Yves Smith 3:53 am

• Matt Taibbi Leaving First Look
  by Yves Smith 2:37 am

• Chris Hedges and Sheldon Wolin on Inverted Totalitarianism as a Threat to Democracy
  by Yves Smith 1:38 am

October 28, 2014

• 2:00PM Water Cooler 10/28/14
  by Lambert Strether 1:58 pm

• Tech Underbelly: Indentured Servitude and Bonded Labor in the US
  by Yves Smith 9:55 am

• Links 10/28/14
  by Yves Smith 6:55 am

• Exploding Wealth Inequality in the United States
  by Yves Smith 5:42 am

• Yanis Varoufakis: Why the European Bank Stress Tests Have to be Phony
  by Yves Smith 3:52 am

• Drilling Deeper: New Report Casts Doubt on Fracking Production Numbers
  by Yves Smith 2:10 am

• Bob Goodwin: ‘Drug’ is a Teetering Social Concept
  by Yves Smith 1:00 am

October 27, 2014

• 2:00PM Water Cooler 10/27/14
  by Lambert Strether 1:58 pm

• Links 10/27/14
  by Yves Smith 6:55 am

• How Serious is NY Fed Dudley’s Tough Talk About Fixing Banking Culture?
  by Yves Smith 4:36 am

• Revolt Starting in UK Over Private Equity Secrecy
  by Yves Smith 2:49 am

• Ilargi: Europe Redefines “Stress” in Its Bank-Boosterist Stress Tests
  by Yves Smith 12:56 am

• Will US Browbeating of Japan Revive the Zombified TransPacific Partnership?
  by Yves Smith 12:31 am

October 26, 2014

• Links 10/26/14
  by Yves Smith 6:55 am

• The Unattainable Illusion of Meritocracy
  by Yves Smith 2:47 am

• Can Capitalism and Democracy Co-Exist?
  by Yves Smith 1:12 am

October 25, 2014

• Links 10/25/14
  by Yves Smith 6:55 am

• Adair Turner: The Consequences of Money-Manager Capitalism
  by Yves Smith 3:48 am

• Jamie Dimon: U.S. Must Create a “Safe Harbor” Where JPM’s Corruption Is Not “Punished”
  by Yves Smith 3:12 am

October 24, 2014

• 2:00PM Water Cooler 10/24/14
  by Lambert Strether 1:58 pm

• Class Traitors: How Ideological Brainwashing Gets Rich and Ordinary Americans to Undermine Their Economic Interest
  by Yves Smith 9:55 am

• Links 10/24/14
  by Yves Smith 6:55 am

• Gail Tverberg: Eight Pieces of Our Oil Price Predicament
  by Yves Smith 4:05 am

• Wolf Richter: Leading Indicator Amazon Gets Re-Crushed
  by Yves Smith 2:09 am

• Pro Big Corporate IRS: Agency Guts Whistleblower Program, Leaves Billions on the Table
  by Yves Smith 1:35 am

October 23, 2014

• 2:00PM Water Cooler 10/23/14
  by Lambert Strether 1:58 pm

• Richard Alford: AIG Redux – How the Fed Usurped Congress
  by Yves Smith 9:55 am

• Links 10/23/14
  by Yves Smith 6:55 am

• Uber Economics: There is No Such Thing as Bad Publicity
  by Yves Smith 5:36 am

• The Financialization of Life
  by Yves Smith 3:09 am

• Ilargi: 40% of Eurozone Banks Are In Bad Shape
  by Yves Smith 2:24 am

October 22, 2014

• 2:00PM Water Cooler 10/22/14
  by Lambert Strether 1:58 pm

• Matt Stoller: Why Is Alan Greenspan’s Lawyer, Scott Alvarez, Still Controlling the Federal Reserve? (AIG Bailout Trial)
  by Yves Smith 9:55 am

• Links 10/22/14
  by Yves Smith 6:55 am

• Forward Guidance: Human Plans and Divine Laughter
  by Yves Smith 5:13 am

• 350.org’s Bill McKibben, His Parachute, and His Bubble
  by Lambert Strether 2:55 am

• Low Oil Prices Hurting U.S. Shale Operations
  by Yves Smith 1:33 am

October 21, 2014

• 2:00PM Water Cooler 10/21/14
  by Lambert Strether 1:58 pm

• Why is the Boston Globe Covering Up for Gubernatorial Candidate Charlie Baker? (Updated)
  by Yves Smith 9:55 am

• Links 10/21/14
  by Yves Smith 6:55 am

• Goldman Makes It Official That the Stock Market is Manipulated, Buybacks Drive Valuations
  by Yves Smith 4:12 am

• New Zealand’s GT Group in Romania, Moldova and the UK
  by Richard Smith 4:03 am

• Bill Black: DOJ Says it Cannot Prosecute “Rocket Science” Frauds
  by Yves Smith 1:54 am

October 20, 2014

• 2:00PM Water Cooler 10/20/14
  by Lambert Strether 1:58 pm

• Links 10/20/14
  by Lambert Strether 6:55 am

• Private Equity as the Latest Example of SEC Enforcement Cowardice?
  by Yves Smith 6:00 am

• LinkedIn’s “Economic Graph” as Algorithmic, Global Labor Brokerage and Panopticon
  by Lambert Strether 5:55 am

• Michael Hudson: Capital Allocation, Debt, and Stock Market Volatility
  by Lambert Strether 1:55 am

• Tom Englehardt Interviews Laura Poitras on Snowden and the Total Information Capture Approach to Surveillance
  by Yves Smith 12:18 am

October 19, 2014

• Links 10/19/14
  by Lambert Strether 6:55 am

• Gretchen Morgenson on the Damage of Private Equity Secrecy (and a Mention of Our CalPERS Suit)
  by Yves Smith 6:00 am

• Bill Black: Krugman Bashes Progressives for Criticizing Obama on Grounds that He Criticizes Obama
  by Lambert Strether 1:55 am

October 18, 2014

• Links 10/18/14
  by Yves Smith 6:55 am

• How Oil and Gas Leases for Fracking Rip Off Homeowners
  by Yves Smith 2:51 am

• John Helmer: CIA Bumbling, Then and Now
  by Yves Smith 12:10 am

October 17, 2014

• 2:00PM Water Cooler 10/17/14
  by Lambert Strether 1:58 pm

• AIG Bailout Trial Bombshell III: Paulson Lied to Congress About TARP
  by Yves Smith 9:55 am

• Links 10/17/14
  by Yves Smith 6:55 am

• Matt Stoller: Why We Need to Break Up Amazon – and How to Do It
  by Yves Smith 5:59 am

• Peter Van Buren: Seven Worst-Case Scenarios in the Battle with the Islamic State
  by Yves Smith 4:52 am

• The Mixed International Picture on Poverty and Inequality
  by Yves Smith 4:19 am

October 16, 2014

• 2:00PM Water Cooler 10/16/14
  by Lambert Strether 1:58 pm

• Will Ebola Vanquish the MBAs Who Run Our Hospitals?
  by Yves Smith 9:55 am

• Links 10/16/14
  by Yves Smith 6:55 am

• Invitation Homes Tenant Abuse Shows Incompetence as Well as Malfeasance
  by Yves Smith 3:24 am

• DealBook Says Citi “Cannot Afford” to Run an Honest Bank in Mexico
  by Yves Smith 3:00 am

• WalMart Makes Empty Gesture to End Minimum Wage Pay While Cutting Pay Levels
  by Yves Smith 12:20 am

October 15, 2014

• 2:00PM Water Cooler 10/15/14
  by Lambert Strether 1:58 pm

• Markets Panicked Over Deteriorating Fundamentals (Updated)
  by Yves Smith 1:35 pm

• Bono: Tax Haven Salesman for the Celtic Paper Tiger
  by Yves Smith 9:55 am

• Links 10/15/14
  by Yves Smith 6:55 am

• Wolf Richter: Toxic Mix for Fracking – Oil Price Collapse & Junk Bond Insanity
  by Yves Smith 6:31 am

• Bill Black: EU Austerity Witch Doctors Attack Each Other
  by Yves Smith 6:20 am

• Maximizing Happiness Does Not Maximize Welfare
  by Yves Smith 6:10 am

October 14, 2014

• 2:00PM Water Cooler 10/14/14
  by Lambert Strether 1:58 pm

• AIG Bailout Trial and the Deadbeat Borrower Defense
  by Yves Smith 9:55 am

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

• How Obama Controls Media Coverage of the Administration
  by Yves Smith 3:48 am

• New Zealand: if Investment Fraud was Typhoid, Cathy Odgers Would be Typhoid Mary, (but Lucy Lawless Would Still be Xena, Warrior Princess)
  by Richard Smith 3:00 am

• Saudis Deploy the Oil Price Weapon Against Syria, Iran, Russia, and the US
  by Yves Smith 2:18 am

October 13, 2014

• 2:00PM Water Cooler 10/13/14
  by Lambert Strether 1:58 pm

• Bob Goodwin: A Layman’s Guide to the Mathematics of Ebola
  by Yves Smith 9:55 am

• Links 10/13/14
  by Yves Smith 6:55 am

• Dropping Oil Prices Send Shockwaves Through Energy Sector
  by Yves Smith 3:51 am

• Wolf Richter: What the Heck Just Happened in Global Stock Markets?
  by Yves Smith 3:16 am

• Life Inside America’s Oil Boom
  by Yves Smith 2:56 am

October 12, 2014

• Links 10/12/14
  by Yves Smith 6:55 am

• Gaius Publius: Are Democratic Leaders Already “Tea Partying” The Progressives?
  by Yves Smith 2:43 am

• A Picture Worth 1000 Words: A Sighting from the McJobs Market
  by Yves Smith 12:25 am

October 11, 2014

• Links 10/11/14
  by Yves Smith 6:55 am

• Paul Krugman Still Believes That “The Debt” Can Be a Problem for the U.S.
  by Yves Smith 1:43 am

• Michael Hudson: Piketty vs. the Classical Economic Reformers
  by Yves Smith 1:34 am

• Countdown!
  by Yves Smith 12:40 am

October 10, 2014

• Last Chance for Our Fundraiser, Closing in on Final Targets
  by Yves Smith 10:45 pm

• Final Hours of Fundraiser, Beat New Donor Target
  by Yves Smith 6:20 pm

• 2:00PM Water Cooler 10/10/14
  by Lambert Strether 1:58 pm

• How the Discharged Ebola Patient Demonstrates the Danger of Corporatized Medicine
  by Yves Smith 9:55 am

• Links 10/9/14
  by Yves Smith 6:55 am

• Stephanie Kelton: Last Day, Last Chance for NC’s 2014 Fundraiser!
  by Yves Smith 6:40 am

• Michael Klare: Obama’s Oil Weapon
  by Yves Smith 4:30 am

• Michael Perelman: Globalization, “Free Trade,” and Food as a Strategic Weapon
  by Yves Smith 2:10 am

October 9, 2014

• 2:00PM Water Cooler 10/9/14
  by Lambert Strether 1:58 pm

• Trying to Talk Sense About Demography
  by Yves Smith 9:55 am

• Links 10/9/14
  by Yves Smith 6:55 am

• Gretchen Morgenson Collects a Scalp: Blackstone Ditches Private Equity “Termination Fees”
  by Yves Smith 6:20 am

• “A Seriously Bad-Ass Online Newspaper”
  by Yves Smith 6:12 am

• Rob Johnson on the Uber Rich: Top 400 US Billionaires’ Wealth Equals Brazil’s GDP
  by Yves Smith 4:35 am

October 8, 2014

• Wow! Met Our Fourth Target, On to Our Fifth: More Original Reporting
  by Yves Smith 8:39 pm

• ISIS Battles Kurds Over Border Town Kobani To Maintain Oil Trade
  by Yves Smith 7:54 pm

• 2:00PM Water Cooler 10/8/14
  by Lambert Strether 1:58 pm

• Masaccio: The Shaky Foundation of Neoliberal Economics – Life-Cycle Savings
  by Yves Smith 9:55 am

• Links 10/8/14
  by Yves Smith 6:55 am

• Mark Ames: Why Finance is Too Important to Leave to Larry Summers
  by Yves Smith 6:10 am

• NJ Pension Fund Scandal: Chris Christie’s Nose is Getting So Long He Needs to Get a Hacksaw
  by Yves Smith 4:30 am

• Ukraine Blowback: Will Australia, Brazil, and Russia Lose Out to Africa as Low Cost Suppliers of Iron Ore?
  by Yves Smith 1:06 am

October 7, 2014

• 2:00PM Water Cooler 10/7/14
  by Lambert Strether 1:58 pm

• Can Our Commercialized Health Care System Contain Ebola?
  by Yves Smith 9:55 am

• “Private Equity at Work” Rigorously Debunks Industry Mythology
  by Yves Smith 8:09 am

• Links 10/7/14
  by Yves Smith 6:55 am

• Naked Capitalism: A Bastion of Straight Talk
  by Yves Smith 6:12 am

• Institute for New Economic Thinking Announces 6th Grant Round
  by Yves Smith 5:00 am

• Naked Capitalism – A First Look at Our New Mobile Site
  by Lambert Strether 1:55 am

October 6, 2014

• 2:00PM Water Cooler 10/6/14
  by Lambert Strether 1:58 pm

• AIG Bailout Trial Bombshell II: Fed and Treasury Cornered AIG’s Board into Taking a Legally-Dubious Bailout
  by Yves Smith 9:05 am

• AIG Bailout Trial Bombshell I: Paulson Rejected Chinese Offer to Invest “More Than the Total Amount of Money Required”
  by Yves Smith 8:25 am

• Links 10/6/14
  by Lambert Strether 6:55 am

• Masaccio: Naked Capitalism – Making Change Possible
  by Lambert Strether 6:50 am

• Institute for New Economic Thinking Announces 6th Grant Round
  by Yves Smith 5:00 am

• From Public Citizen: Top 10 Most Pernicious Investor-State Dispute Settlement Lawsuits
  by Lambert Strether 4:55 am

• Religion vs. Risk Management on Climate Change
  by Lambert Strether 1:55 am

October 5, 2014

• Links 10/5/14
  by Lambert Strether 6:55 am

• Naked Capitalism, Finance, and Social Justice
  by Yves Smith 6:13 am

• Occupy the SEC’s New Online Tool Shows How “New Democrats” Sell Out Their Constituents to the Banksters
  by Lambert Strether 4:55 am

• The Biocultural Origins of Human Capital Formation and Economic Growth
  by Lambert Strether 2:55 am

October 4, 2014

• Thanks! Hit Our Third Target, On to Our Fourth!
  by Yves Smith 9:45 am

• Links 10/4/14
  by Yves Smith 6:55 am

• Bill Black Discusses “Too Big to Jail” on Bill Moyers
  by Yves Smith 5:53 am

• How Much Has the IMF Changed in Response to the Global Crisis?
  by Yves Smith 5:03 am

October 3, 2014

• 2:00PM Water Cooler 10/3/14
  by Lambert Strether 1:58 pm

• AIG Bailout Trial and Whoppers, Um, Crisis Revisionist History
  by Yves Smith 9:55 am

• Links 10/3/14
  by Yves Smith 6:55 am

• Tom Engelhardt, Gretchen Morgenson, Wired on Naked Capitalism: “Splendid,” “Must Read,” “Piercing”
  by Yves Smith 6:15 am

• David Quentin and Nicholas Shaxson: The “Patent Box” – Proof That the UK is a Rogue State in Corporate Tax
  by Yves Smith 3:55 am

• Rolling Jubilee: A Wolf in Sheep’s Clothing?
  by Yves Smith 3:54 am

October 2, 2014

• 2:00PM Water Cooler 10/2/14
  by Lambert Strether 1:58 pm

• Randy Wray: Rising Tides Lift All Yachts – Why the 1% Grabs all the Gains From Growth
  by Yves Smith 9:55 am

• Links 10/2/14
  by Yves Smith 6:55 am

• Naked Capitalism – An Irreplaceable Resource
  by Yves Smith 6:19 am

• Lessons from Effective Opposition: Preventing a Landfill from Being Sited in the Penobscot Watershed
  by Lambert Strether 4:55 am

• Ilargi: Europe Is Crumbling Into Collapse
  by Yves Smith 1:27 am

October 1, 2014

• Thanks! Met Our Second Target Rapidly, On to the Third!
  by Yves Smith 5:13 pm

• 2:00PM Water Cooler 10/1/14
  by Lambert Strether 1:58 pm

• Exclusive: How Private Debt Strangles Growth, Stokes Financial Crises, and Increases Inequality
  by Yves Smith 9:55 am

• Links 10/1/14
  by Yves Smith 6:55 am

• David Sirota: Naked Capitalism – Financial Journalists’ Secret Weapon
  by Yves Smith 6:23 am

• Bill Black: Fed Failure – A “Perfectly Legal” Scam is Perfectly Unacceptable to Real Regulators
  by Yves Smith 5:56 am

• Tom Engelhardt: How American Intelligence Works in the Twenty-First Century
  by Yves Smith 3:41 am