Monthly Archives: June 2015

June 30, 2015

• 2:00PM Water Cooler 6/30/15
  by Lambert Strether 1:59 pm

• Greece Asks for Last Minute Deal Before Bailout Expires
  by Yves Smith 11:03 am

• Will the US Keep Winning Indefinitely? With ISDS Trade Panels, That Is
  by Yves Smith 9:55 am

• Links 6/30/15
  by Yves Smith 6:58 am

• SEC Hits Private Equity Kingpin KKR for $29 Million, Including $10 Million in Fines
  by Yves Smith 6:50 am

• Ed Harrison: Some Thoughts on the Coming Defaults of Greece
  by Lambert Strether 2:55 am

• Wolf Richter: Panicked Hedge Funds Now Praying for a Miracle in Greece
  by Lambert Strether 1:55 am

June 29, 2015

• 2:00PM Water Cooler 6/29/15
  by Lambert Strether 1:55 pm

• My Big Fat Greek Bank Black Hole: No Deposit Insurance
  by Yves Smith 10:47 am

• Links 6/29/15
  by Lambert Strether 6:55 am

• The Standard Definition of Money is in Error
  by Yves Smith 6:50 am

• Top Private Equity Reporter: CalPERS is Either Lying or Has “a Massive Breakdown in Financial Controls”
  by Yves Smith 6:30 am

• Groundhog Day for NZ FSPs: Bryan Cook of Asia Finance Corporation is a Crook, but Does NZ’s FMA Care?
  by Richard Smith 3:14 am

• Consent of the Governed, Tsipras Style (Updated)
  by Yves Smith 2:00 am

June 28, 2015

• Obergefell v. Hodges, Identity, and Dignity
  by Lambert Strether 12:25 pm

• Links 6/28/15
  by Lambert Strether 6:55 am

• BBC: ECB to Stop Emergency Support of Greek Banks on Monday; Bank Holiday Likely
  by Yves Smith 6:23 am

• How Institutional Conflicts of Interest Exacerbate the Anechoic Effect – the Example of ASCO Fearing “Biting the Hand that Feeds You”
  by Lambert Strether 1:55 am

June 27, 2015

• Links 6/27/15
  by Yves Smith 6:59 am

• Tsipras’ Bailout Referendum Sham
  by Yves Smith 6:40 am

• Detroit: A Case Study of Oligarchs and Vigilantes Taking Over Public Safety in a Big City
  by Yves Smith 6:19 am

June 26, 2015

• 2:00PM Water Cooler 6/26/15
  by Lambert Strether 2:00 pm

• College Is Wildly Exploitative: Why Aren’t Students Raising Hell?
  by Yves Smith 9:55 am

• Links 6/26/15
  by Yves Smith 6:55 am

• Who was Alexander Hamilton? Militarism, High Finance and Checking the Democracy.
  by Nathan Tankus 4:35 am

• The Bankruptcy of America’s Elites
  by Yves Smith 3:48 am

• The Growing China-Latin American Energy Relationship
  by Yves Smith 12:57 am

June 25, 2015

• 2:00PM Water Cooler 6/25/15
  by Lambert Strether 2:00 pm

• Caymans Exposed: Tax Havens Lucrative for Big Finance, Leave Only Crumbs for Locals
  by Yves Smith 9:55 am

• Links 6/25/15
  by Yves Smith 6:55 am

• Greece Bailout Deal Looks Even More Remote
  by Yves Smith 6:22 am

• Cringley on How the Bogus Shareholder Value Theory is Wrecking the Computer Industry (and America Generally)
  by Yves Smith 6:21 am

• What if the Euro Area Falls into Serious Deflation?
  by Yves Smith 3:19 am

• Economists, Wall Street Upset About Stingy Millennials
  by Yves Smith 1:50 am

June 24, 2015

• 2:00PM Water Cooler 6/24/15
  by Lambert Strether 2:01 pm

• TPP: 13 Democratic Senators Invite Republicans to Make Them Laughing Stocks and More Serious Matters
  by Yves Smith 9:55 am

• Links 6/24/15
  by Yves Smith 6:55 am

• View from the Past: Banks Preferred Lending to Businesses, Not Collateral
  by Yves Smith 3:19 am

• “A Bad Man’s Guide to Private Equity and Pensions”
  by Yves Smith 1:45 am

• Some Pointers on How to Catch the Dubious Use of Statistics
  by Yves Smith 1:28 am

June 23, 2015

• 2:00PM Water Cooler 6/23/15
  by Lambert Strether 2:00 pm

• Deal With Greece Still Looks Wobbly
  by Yves Smith 9:55 am

• Links 6/23/15
  by Yves Smith 6:55 am

• New Study Debunks Myth That Exorbitant CEO Pay Results from “Talent”
  by Yves Smith 6:45 am

• 15 Ways Bill Clinton’s White House Failed America and the World
  by Yves Smith 6:40 am

• Bill Black: A Harvard Don is Enraged that Pope Francis is “Opposed to the World Economic Order”
  by Yves Smith 3:56 am

June 22, 2015

• Short Greece Proposal Update: Greece Folds
  by Yves Smith 3:04 pm

• 2:00PM Water Cooler 6/22/15
  by Lambert Strether 2:00 pm

• TPP: Will Voters Re-elect Laughing Stocks to the Senate?
  by Yves Smith 9:55 am

• Links 6/22/15
  by Yves Smith 6:55 am

• The Revival of Cities and the Urban Land Premium
  by Yves Smith 4:39 am

• Scotland: the Moldovan Connection
  by Richard Smith 2:31 am

• Tom Engelhardt: Armed Violence in the Homeland
  by Yves Smith 1:30 am

June 21, 2015

• Links 6/21/15
  by Yves Smith 6:55 am

• Greek Government Preparing Plans to Cross Red Lines to Avert Default
  by Yves Smith 4:24 am

• A New Bank Boycott Movement Starting?
  by Yves Smith 1:41 am

June 20, 2015

• Links 6/20/15
  by Yves Smith 6:55 am

• Wave of Defaults, Bankruptcies Spooks Bond Investors
  by Yves Smith 2:41 am

• The Russian Pipeline Waltz
  by Yves Smith 2:30 am

June 19, 2015

• 2:00PM Water Cooler 6/19/15
  by Lambert Strether 2:00 pm

• Banks are Not Intermediaries of Loanable Funds – and Why This Matters
  by Yves Smith 9:55 am

• At Emergency Summit, Creditors Plan to Make Greece an Offer It Can’t Refuse
  by Yves Smith 6:59 am

• Links 6/19/15
  by Yves Smith 6:55 am

• How Overgrown Financial Service Sectors Kill Growth
  by Yves Smith 5:17 am

• Andrew Bacevich: Washington in Wonderland, Down the Iraq Rabbit Hole (Again)
  by Yves Smith 3:38 am

• Unresolved Allegations of Criminal Insider Trading Leaks from the Fed
  by Yves Smith 2:38 am

June 18, 2015

• 2:00PM Water Cooler 6/18/15
  by Lambert Strether 2:00 pm

• What If There is No Deal on Greece?
  by Yves Smith 10:01 am

• Joe Firestone: Administration Tries to Resurrect Toxic Trade Deals After Big Defeat. Will It Succeed?
  by Yves Smith 7:20 am

• Links 6/18/15
  by Yves Smith 6:55 am

• Are Locavores a Threat to Feeding the Planet Efficiently?
  by Yves Smith 6:20 am

• John Helmer: Financial Times Makes Igor Zyuzin a Hero for Standing Up to Putin
  by Yves Smith 6:04 am

June 17, 2015

• 2:00PM Water Cooler 6/17/15
  by Lambert Strether 1:55 pm

• Links 6/17/15
  by Yves Smith 6:55 am

• Time to “Fire” Mary Jo White: SEC Covers Up for Bank Capital Accounting Scam Promoted by Her Former Firm, Debevoise
  by Yves Smith 6:25 am

• Bank of Greece Issues Grexit Warning, in Move Certain to Intensify Bank Run
  by Yves Smith 6:12 am

• The Decline and Fall of American Public Space as Shown in #BlackLivesMatter Tweets
  by Lambert Strether 4:55 am

• Naomi Oreskes: The Hoax of Climate Change Denial
  by Yves Smith 1:19 am

June 16, 2015

• 2:00PM Water Cooler 6/16/15
  by Lambert Strether 2:00 pm

• AIG Bailout Trial Judge Rebukes Fed for Overstepping Its Powers but Awards No Damages
  by Yves Smith 9:55 am

• Links 6/16/15
  by Yves Smith 6:55 am

• Gaius Publius: ISDS Provisions in TPP Violate Article III of the U.S. Constitution
  by Yves Smith 6:50 am

• Call Your Representative to Oppose Administration Ruse to Keep TAA/Fast Track Alive
  by Yves Smith 6:20 am

• A Billion-Dollar Bank Fraud in Moldova, and 20,000 Opaque British Corporations
  by Richard Smith 3:00 am

• The Empirical Shift in Economics
  by Lambert Strether 1:55 am

June 15, 2015

• 2:00PM Water Cooler 6/15/15
  by Lambert Strether 2:00 pm

• Joe Firestone: TPP – Fast Track, the Next Rounds In Congress
  by Yves Smith 9:55 am

• Links 6/15/15
  by Lambert Strether 6:55 am

• The Operational Issues of a Grexit Part Two: Organizational Capacity, Capital Controls and Bootstrapping a New Monetary System
  by Nathan Tankus 6:50 am

• Carlyle, Apollo, Blackstone Cheat Private Equity Investors with Legal Fee Ruse
  by Yves Smith 6:45 am

• Greek Talks Collapse, Default Looms
  by Yves Smith 6:40 am

June 14, 2015

• Hillary Clinton’s Campaign Rollout Speech: The S.S. Clinton Sails From Roosevelt Island in New York Harbor
  by Lambert Strether 1:55 pm

• Links 6/14/15
  by Lambert Strether 6:55 am

• David Leonhardt Links Two-Parent Families to Low Social Mobility, Without Taking Race and Socio-Economic Status Into Account
  by Lambert Strether 2:25 am

June 13, 2015

• Links 6/13/15
  by Yves Smith 6:55 am

• Will the Australian Government Walk Away from the TPP?
  by Yves Smith 3:51 am

• Michael Hoexter: The Climate (and Climate Justice!) Movement Cannot Remain a Genteel Environmentalist Movement
  by Yves Smith 2:41 am

June 12, 2015

• 2:00PM Water Cooler 6/12/15
  by Lambert Strether 1:58 pm

• Bill Black: Roger Cohen Laments his Inadequate Schadenfreude Because the Greeks Don’t Suffer Enough
  by Yves Smith 9:55 am

• Did the Media (and Greece) Miss a Meaningful Concession by the Creditors?
  by Yves Smith 8:22 am

• Links 6/12/15
  by Yves Smith 6:59 am

• Gaius Publius: Nancy Pelosi Got a TPP Talking-To from Her Caucus, Plus Where We Are on Fast Track
  by Yves Smith 6:45 am

• Michael Hudson: Global Financialization – The State of Play in Ukraine and Russia
  by Yves Smith 6:30 am

June 11, 2015

• Joe Firestone: Fast –Track: It Looks Like It’s In Pelosi’s Lap or Maybe Not!
  by Yves Smith 4:46 pm

• 2:00PM Water Cooler 6/11/15
  by Lambert Strether 2:00 pm

• Greece: The Negotiation That Never Happened…
  by Yves Smith 9:55 am

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

• “If You Are Not Building a Nation, Then What the Fuck Are You Doing?”
  by Yves Smith 6:42 am

• Elizabeth Warren Calls for Affordable College Education
  by Yves Smith 5:38 am

• Oil Markets Could Be In For A Shock From China Soon
  by Yves Smith 4:38 am

June 10, 2015

• 2:00PM Water Cooler 6/10/15
  by Lambert Strether 2:00 pm

• Bill Black: Geithner’s Ghost Writer and the Parable of the River of Risk
  by Yves Smith 9:55 am

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

• Nathan Tankus: The Operational Issues of a Grexit Part One: Understanding the Payments System
  by Nathan Tankus 6:50 am

• Creditors Reject Latest Greek Proposal, Tsipras Meeting with Merkel and Hollande in Doubt as Default Risk Rises
  by Yves Smith 6:49 am

• Gaius Publius: The Only Solution to Climate Change — Outlaw Fossil Fuel Production
  by Yves Smith 2:23 am

June 9, 2015

• 2:00PM Water Cooler 6/9/15
  by Lambert Strether 1:59 pm

• Varoufakis’ Keynote on the Future of Greece Last Night in Berlin
  by Lambert Strether 11:55 am

• TPP: Don Beyer (D-VA) Puts “Free Trade” Above National Sovereignty and Democracy
  by Yves Smith 9:55 am

• Links 6/9/15
  by Yves Smith 6:55 am

• Why the Consensus Process Has a Poor Track Record in Activist Movements
  by Yves Smith 5:40 am

• Mathew D. Rose: Why the US Will Have to Clean FIFA’s Augean Stall
  by Yves Smith 1:12 am

June 8, 2015

• Creditors Offered Bailout Extension Till March 2016 if Greece Agreed to Pension and Labor Reforms
  by Yves Smith 3:15 pm

• 2:00PM Water Cooler 6/8/15
  by Lambert Strether 1:59 pm

• The Geopolitics of American Global Decline: Washington Versus China in the Twenty-First Century
  by Yves Smith 9:55 am

• Links 6/8/15
  by Yves Smith 6:55 am

• G-7 Throws Greece Under the Bus
  by Yves Smith 6:44 am

• New Brunswick: How the Scammers Behind Virgin Gold Mining Corporation Found a Really Soft Touch
  by Richard Smith 3:00 am

• People and Power – The Technology Threat
  by Yves Smith 1:55 am

June 7, 2015

• Links 6/7/15
  by Yves Smith 6:55 am

• On Activism and Citizens’ Democracy
  by Yves Smith 5:05 am

• Syriza Commits to Deep Austerity in Its Proposal to Creditors
  by Yves Smith 3:05 am

• Gaius Publius: Fast Track Will Also Apply to TISA
  by Yves Smith 1:32 am

June 6, 2015

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

• Ilargi: QE Breeds Instability
  by Yves Smith 6:35 am

• John Helmer: Chatham House Rule — Propaganda is What Comes Out of Other People’s Mouths, and Pockets
  by Yves Smith 12:24 am

June 5, 2015

• 2:00PM Water Cooler 6/5/15
  by Lambert Strether 2:00 pm

• Wolf Richter: Get Used to Selloffs, Central Bankers Say as They Fret about the Terrifying Moment When Liquidity Evaporates
  by Yves Smith 8:49 am

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

• Tsipras Fighting Two Front War as Revolt Within Syriza Intensifies, Forcing IMF Payment Delay, Cancellation of Negotiating Session
  by Yves Smith 6:54 am

• Gaius Publius: Nancy Pelosi Is Whipping “Almost Daily” for TPP
  by Yves Smith 2:29 am

• Even Affluent American Strongly Support Higher Taxes on the Rich
  by Yves Smith 1:34 am

June 4, 2015

• 2:00PM Water Cooler 6/4/15
  by Lambert Strether 1:59 pm

• The Economics of Parallel Currencies
  by Yves Smith 9:55 am

• Links 6/4/15
  by Yves Smith 6:55 am

• CalPERS Admits It Has No Idea What It is Paying in Private Equity Carry Fees
  by Yves Smith 5:47 am

• Wall Street Journal Questions Fed Beige Book “Rosy” Take on “Recovery”
  by Yves Smith 3:00 am

• Thanks for Your Helpful Responses to Our Call to Action
  by Yves Smith 2:35 am

June 3, 2015

• 2:00PM Water Cooler 6/3/15
  by Lambert Strether 1:59 pm

• Elizabeth Warren Declares War on SEC Chairman Mary Jo White
  by Yves Smith 9:55 am

• Links 6/3/15
  by Yves Smith 6:55 am

• Bill Black: Sorkin on the Street’s Surge of Suicides – Ignoring the Obvious
  by Yves Smith 5:37 am

• Satyajit Das: My Big Fat Greek Crisis
  by Yves Smith 4:51 am

June 2, 2015

• Memo to Readers: If You Want to Beat Big Finance, You Need to Be Able to Take the Fight to Their Terrain
  by Yves Smith 9:30 pm

• 2:00PM Water Cooler 6/2/15
  by Lambert Strether 2:00 pm

• “The Notion of the Competitiveness of Countries is Nonsense”
  by Yves Smith 9:55 am

• Links 6/2/15
  by Yves Smith 6:59 am

• Greece’s Creditors Meet to Prepare Offer (Updated – Creditors Agree on Uncompromising Terms)
  by Yves Smith 6:58 am

• Joe Firestone: Get Ready to Call ‘Em Out On the TPP!
  by Yves Smith 6:50 am

• Wolf Richter: Last Two Times This Happened, Stocks Crashed
  by Yves Smith 5:37 am

• Expect The Recent Oil Rally To End Badly If OPEC Doesn’t Cut
  by Yves Smith 2:30 am

June 1, 2015

• 2:00PM Water Cooler 6/1/15
  by Lambert Strether 2:00 pm

• ObamaCare’s Problems Continue to Fester: Cost, Complexity, Quality, Coverage, Corruption in Covered Calfornia.
  by Lambert Strether 11:58 am

• Links 6/1/15
  by Lambert Strether 6:55 am

• Cathy O’Neil: If You Redefine “Performance,” Magical Things Happen
  by Yves Smith 6:48 am

• Greece’s Shortening Negotiating Runway and Possibly Erroneous Assumptions
  by Yves Smith 6:40 am

• Why a Greek Default is Likely to Strengthen the Hand of Austerians
  by Yves Smith 3:26 am

• A Unifying Approach to Preventing Asset Price Bubbles
  by Lambert Strether 2:25 am