Monthly Archives: November 2014

November 30, 2014

• Links 11/30/14
  by Lambert Strether 6:55 am

• Obama’s Empty Speech on Ferguson
  by Lambert Strether 5:25 am

• Australia: Haven for Bank Control Frauds?
  by Lambert Strether 1:55 am

November 29, 2014

• Links 11/29/14
  by Yves Smith 6:55 am

• Workers vs. Undocumented Immigrants: The Politics of Divide & Conquer
  by Yves Smith 1:58 am

• Economic Development and the Effectiveness of Foreign Aid: A Historical Perspective
  by Yves Smith 12:27 am

November 28, 2014

• 2:00PM Water Cooler 11/28/14
  by Lambert Strether 1:59 pm

• Links 11/28/14
  by Yves Smith 6:55 am

• Chicago Public Schools’ $100 Million Swaps Debacle Demonstrates High Cost of High Finance
  by Yves Smith 3:50 am

• Oil Tanks After OPEC Fails to Cut Production; US Shale Gas Targeted?
  by Yves Smith 3:47 am

November 27, 2014

• Links Thanksgiving 2014
  by Lambert Strether 6:55 am

• Happy Thanksgiving 2014
  by Lambert Strether 4:55 am

• Yanis Varoufakis: Was Maastricht Another Versailles for the German Nation? A Reply to Klaus Kastner
  by Lambert Strether 1:55 am

November 26, 2014

• 2:00PM Water Cooler 11/26/14
  by Lambert Strether 1:59 pm

• Bill Black: The New York Times Thinks Jailing Banksters Would Cause a “Bind”
  by Yves Smith 9:55 am

• Links 11/26/14
  by Yves Smith 6:55 am

• Germany and the European Commission’s €315 Billion Infrastructure “New Deal” is Yet More Smoke and Mirrors
  by Yves Smith 5:22 am

• “I Hate That Oil’s Dropping”: Why Mississippi Governor Phil Bryant Wants High Oil Prices for Fracking
  by Yves Smith 3:29 am

• A Truce In The Holy Oil War?
  by Yves Smith 1:42 am

November 25, 2014

• 2:00PM Water Cooler 11/25/14
  by Lambert Strether 1:58 pm

• Who Will Wind Up Holding the Bag in the Shale Gas Bubble?
  by Yves Smith 9:55 am

• Links 11/25/14
  by Yves Smith 6:55 am

• Paul Martin, A Regulator Who Said No to Banks
  by Yves Smith 4:55 am

• Wolf Richter: Global Business Outlook “Darkest Picture Since Financial Crisis”
  by Yves Smith 2:08 am

• Why Congress Should Not Get Out of the Way of the Postal Service
  by Yves Smith 12:23 am

November 24, 2014

• 2:00PM Water Cooler 11/24/14
  by Lambert Strether 1:58 pm

• Links 11/24/14
  by Lambert Strether 6:55 am

• Ferguson in Context on the Eve of the Grand Jury Decision
  by Lambert Strether 6:53 am

• Five Bedrock Washington Assumptions That Perpetuate Our Middle East Policy Train Wreck
  by Yves Smith 3:03 am

• Big Investors Rebelling Against Private Equity Fees
  by Yves Smith 2:31 am

• Bill Black: Dudley Do Wrong Rejects Being a “Cop” and Embraces “Foaming the Runways”
  by Yves Smith 2:05 am

• Tightly Coupled European Banks May be Harder to Bail In than the ECB Thinks
  by Lambert Strether 1:55 am

November 23, 2014

• Links 11/23/14
  by Lambert Strether 6:55 am

• “And Smelt So”: Tropes of Rot and Corruption in Political Life
  by Lambert Strether 6:45 am

• High Marginal Tax Rates on the Top 1%
  by Lambert Strether 1:55 am

November 22, 2014

• Links 11/22/14
  by Yves Smith 6:55 am

• Wolf Richter: Signs That the Startup Bubble is Totally Maxed Out
  by Yves Smith 1:37 am

• Elizabeth Warren Blasts New York Fed President William Dudley
  by Yves Smith 1:13 am

• Bill Black: Why the New York Fed Isn’t Trustworthy
  by Yves Smith 12:41 am

November 21, 2014

• 2:00PM Water Cooler 11/21/14
  by Lambert Strether 1:58 pm

• Masaccio: Piketty Shreds Marginal Productivity as Neoclassical Justification for Supersized Pay
  by Ed Walker 9:55 am

• Links 11/21/14
  by Yves Smith 6:56 am

• Obama Pretends to Put Immigration Reform in Play
  by Yves Smith 6:54 am

• Private Equity Firms Start ‘Fessing Up to Cheating
  by Yves Smith 6:52 am

November 20, 2014

• Russia Can Survive An Oil Price War
  by Yves Smith 8:32 pm

• 2:00PM Water Cooler 11/20/14
  by Lambert Strether 1:58 pm

• New York Fed, Goldman in Criminal Investigation for Sharing Confidential Information
  by Yves Smith 8:30 am

• Links 11/20/14
  by Yves Smith 6:55 am

• Elizabeth Warren Blasts FHFA’s Mel Watt: “You Haven’t Helped a Single Family”
  by Yves Smith 6:24 am

• Michael Hudson, Other Experts Discuss America, China and Russia Jockeying in G20 and APEC Summits
  by Yves Smith 5:23 am

• John Helmer: Leaky Russian Sanctions, or the Difference Between an Oligarch and a Crony
  by Yves Smith 4:49 am

November 19, 2014

• 2:00PM Water Cooler 11/19/14
  by Lambert Strether 1:58 pm

• Private Equity Titan Blackstone Admits New Normal of Lousy Returns, Proposes Changes to Preserve Its Profits
  by Yves Smith 9:55 am

• Links 11/19/14
  by Yves Smith 6:55 am

• Exposing More Super Secret Private Equity Limited Partnership Agreements
  by Yves Smith 5:35 am

• Why is Anyone Surprised that Abenomics Failed?
  by Yves Smith 2:23 am

• Wisconsin as a Frontier of School Privatization: Will Anyone Notice the Looting?
  by Yves Smith 1:40 am

November 18, 2014

• 2:00PM Water Cooler 11/18/14
  by Lambert Strether 1:58 pm

• Links 11/18/14
  by Yves Smith 6:55 am

• Treasury Liquidity Freakout: Searching for a Market-Maker
  by Yves Smith 6:41 am

• Does It Pay for Firms to Invest in Their Workers’ Wellbeing?
  by Yves Smith 5:56 am

• University of Southern Maine Becomes “Administration of Southern Maine” as Students Protest Faculty Firings
  by Yves Smith 1:56 am

• Matt Stoller: Lobbying Used to Be a Crime: A Review of Zephyr Teachout’s New Book on the Secret History of Corruption in America
  by Yves Smith 1:52 am

November 17, 2014

• 2:00PM Water Cooler 11/17/14
  by Lambert Strether 1:58 pm

• Links 11/17/14
  by Lambert Strether 6:55 am

• Jonathan Gruber, ObamaCare, and “Stupid Voters”: It Couldn’t Happen to a Nicer Shill
  by Lambert Strether 6:45 am

• Private Equity Now Looking to Even Bigger Chumps, Namely 401 (k)s and Retail
  by Yves Smith 4:25 am

• Two Detroits, Separate and Unequal: A Journey Across a City Divided
  by Lambert Strether 1:55 am

• What Makes Japan Bother With the TransPacific Partnership?
  by Yves Smith 1:41 am

November 16, 2014

• Links 11/16/14
  by Lambert Strether 6:55 am

• The Crapified Magic of the ObamaCare Marketplace
  by Lambert Strether 6:45 am

• Michael Hoexter: Naomi Klein’s “Hard-Money” Ideas Undermine Her Laudable Climate Action Goals
  by Lambert Strether 1:55 am

November 15, 2014

• Links 11/15/14
  by Yves Smith 6:55 am

• Michael Mann Interview: Very Little “Burnable Carbon” In Our “Budget”; Emissions Ramp-down Must Start Now
  by Yves Smith 2:36 am

• Bill Black and Marshall Auerback Discuss Why Economists and Regulators Don’t Use “Fraud”
  by Yves Smith 2:12 am

• Wolf Richter: Italy’s Crazy New Economy from Hell
  by Yves Smith 12:17 am

November 14, 2014

• 2:00PM Water Cooler 11/14/14
  by Lambert Strether 1:58 pm

• Michael Hudson: Putin’s Pivot to Asia
  by Yves Smith 9:55 am

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

• Mathew D. Rose: Luxembourg and Juncker as a Microcosm of the EU’s Political and Moral Bankruptcy
  by Yves Smith 6:45 am

• Corporate Profit Margins vs. Wages in One Disturbing Chart
  by Yves Smith 6:01 am

• The Greater Middle East as an American Garrison: 35 Years of Building Military Bases and Sowing Disaster
  by Yves Smith 2:16 am

November 13, 2014

• 2:00PM Water Cooler 11/13/14
  by Lambert Strether 1:58 pm

• Xi Upstages Obama, Puts Another Nail in TransPacific Partnership Coffin
  by Yves Smith 9:55 am

• Links 11/13/14
  by Yves Smith 6:55 am

• State Street, Governor Elect Rauner Both Implicated in Pay-to-Play Scandals
  by Yves Smith 2:49 am

• IEA Warns That Pricier Oil is In Your Future
  by Yves Smith 12:55 am

• Wealth of Most US Households Has Fallen Over the Last 25 Years
  by Yves Smith 12:32 am

November 12, 2014

• 2:00PM Water Cooler 11/12/14
  by Lambert Strether 1:58 pm

• “ISPs Removing Their Customers’ E-mail Encryption”
  by Yves Smith 9:26 am

• AIG Bailout Trial Revelation: Morgan Stanley Told Geithner it Would File for Bankruptcy the Weekend it Became a Bank
  by Yves Smith 7:50 am

• Links 11/12/14
  by Yves Smith 6:55 am

• Joe Firestone: Elizabeth Warren – Better, But Not There Yet
  by Yves Smith 5:32 am

• Russia to Launch New Payments System to Circumvent SWIFT Network
  by Yves Smith 3:53 am

November 11, 2014

• 2:00PM Water Cooler 11/11/14
  by Lambert Strether 1:58 pm

• Should We Believe the Bank of England’s “No More Bailouts” Promise?
  by Yves Smith 9:55 am

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

• Ed Harrison: Zero Rates, Resource Misallocation, and Shale Oil
  by Yves Smith 4:28 am

• Satyajit Das: Animal Crackers – Watching Bankers Watching etc.
  by Yves Smith 2:30 am

• Obamacare Architect Jon Gruber Says Deceiving Americans Necessary to Pass Bill
  by Yves Smith 2:17 am

November 10, 2014

• 2:00PM Water Cooler 11/10/14
  by Lambert Strether 1:58 pm

• Coalition Launches World War on Youth
  by Yves Smith 9:55 am

• Links 11/10/14
  by Yves Smith 6:58 am

• SEC Commissioners Kara Stein, Luis Aguilar Hit Bank of America Where it Hurts, in a Revenue Stream
  by Yves Smith 6:40 am

• The Funny Math in the GOP’s Energy Agenda
  by Yves Smith 3:09 am

• Peter Van Buren: What Could Possibly Go Right? Four Months Into Iraq War 3.0, the Cracks Are Showing
  by Yves Smith 2:04 am

November 9, 2014

• Links 11/9/14
  by Yves Smith 6:55 am

• Matt Stoller: Why the Democratic Party Acts The Way It Does
  by Yves Smith 12:55 am

• Ilargi: The Broken Model of the Eurozone
  by Yves Smith 12:35 am

November 8, 2014

• Links 11/8/14
  by Yves Smith 6:55 am

• Gaius Publius: Bipartisan Corporate Establishment Turns Back Challengers, Strengthens Hold on Congress
  by Yves Smith 3:04 am

• Don Quijones: It’s Official – Spain is Unraveling
  by Yves Smith 2:44 am

• Matt Taibbi and Alayne Fleischmann Discuss JP Morgan Mortgage Fraud, Eric Holder CoverUp on Democracy Now
  by Yves Smith 1:30 am

November 7, 2014

• 2:00PM Water Cooler 11/7/14
  by Lambert Strether 1:58 pm

• Wolf Richter: After Messing up the Housing Market, the “Smart Money” Bails Out
  by Yves Smith 9:55 am

• Links 11/7/14
  by Yves Smith 6:55 am

• Midterms 2014: Paying the Gold Price, and the Iron Price
  by Lambert Strether 5:55 am

• Taibbi: Ex-JP Morgan Lawyer With Smoking Gun on Mortgage Fraud Stymied by Holder Cover-Up
  by Yves Smith 4:12 am

• Most Expensive Off-Year Election in History
  by Yves Smith 1:07 am

• Bill Black: The “Magical Fairyland” of Corporate Tax Scams
  by Yves Smith 12:19 am

November 6, 2014

• 2:00PM Water Cooler 11/6/14
  by Lambert Strether 1:58 pm

• Nomi Prins: Why the Financial and Political System Failed and Stability Matters
  by Yves Smith 9:55 am

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

• Midterms 2014: The Red Wedding for Democrats
  by Lambert Strether 5:55 am

• The Return of the Trade Cold War?
  by Yves Smith 4:50 am

• Saudi Cut In Oil Price for US May Lead To Price War
  by Yves Smith 2:05 am

November 5, 2014

• 2:00PM Water Cooler 11/5/14
  by Lambert Strether 1:58 pm

• Young and Under Pressure – Europe’s Lost Generation
  by Yves Smith 9:55 am

• Links 11/5/14
  by Yves Smith 6:55 am

• Private Equity Kingpin KKR Threatens Iowa Pension Fund Over FOIA Request
  by Yves Smith 6:00 am

• Are Immigrants Bad for Government Budgets?
  by Yves Smith 3:03 am

November 4, 2014

• 2:00PM Water Cooler 11/4/14
  by Lambert Strether 1:58 pm

• Why Greenberg May Win the AIG Bailout Trial
  by Yves Smith 9:55 am

• Links 11/4/14
  by Yves Smith 6:58 am

• More Private Equity Fibbing: Marketing Materials Often Exaggerate Returns
  by Yves Smith 4:24 am

• JP Morgan Under Criminal Investigation for Foreign Exchange Trading Abuses
  by Yves Smith 3:12 am

• Federal Reserve Policy Keeps Fracking Bubble Afloat and That May Change Soon
  by Yves Smith 12:15 am

November 3, 2014

• 2:00PM Water Cooler 11/3/14
  by Lambert Strether 1:58 pm

• Masaccio: The Sorry State of Progressives on Economic Issues
  by Ed Walker 9:55 am

• Links 11/3/14
  by Lambert Strether 6:55 am

• The Upshot’s ObamaCare “Interactive” Explainer in the New York Times: A Critique
  by Lambert Strether 5:55 am

• Hedges and Wolin on How New-Style Propagandizing Promotes Inverted Totalitarianism
  by Yves Smith 4:05 am

• Pulling the Eurozone Back From the Brink
  by Lambert Strether 1:55 am

November 2, 2014

• Links 11/2/14
  by Lambert Strether 6:55 am

• Is There Anybody Who Isn’t Bored by The Midterms?
  by Lambert Strether 4:55 am

• House Prices Since 1870: No Price Like Home
  by Lambert Strether 2:55 am

November 1, 2014

• Links 11/1/14
  by Yves Smith 6:55 am

• That Shrinking Slice of a Barely Growing Pie: Why the Glorious Economy of Ours Feels so Crummy
  by Yves Smith 3:13 am

• Michael Hudson: Europe to Pay for the Whole Mess in Ukraine
  by Yves Smith 2:11 am