Monthly Archives: August 2016

August 31, 2016

• 2:00PM Water Cooler 8/31/2016
  by Lambert Strether 2:00 pm

• The History of ObamaCare, 2013-2016
  by Lambert Strether 1:23 pm

• SEC Takes Victory Lap for Pathetic Performance of Whistleblower Program
  by Jerri-Lynn Scofield 11:55 am

• Links 8/31/2016
  by Lambert Strether 6:55 am

• Fighting for Whose Freedom: Racism, Police Unions, Veterans, and Colin Kaepernick
  by Jerri-Lynn Scofield 6:49 am

• Inequality Made the Great Recession Worse (Especially for the Poor)
  by Lambert Strether 2:05 am

August 30, 2016

• 2:00PM Water Cooler 8/30/2016
  by Lambert Strether 2:00 pm

• Two Modest Proposals to Improve the Wages and Working Conditions of Contingent Academic Labor
  by Lambert Strether 12:45 pm

• Links 8/30/2016
  by Lambert Strether 6:55 am

• Major Insurers to G20 Nations: Stop Wasting Time, Phase-Out Fossil Fuel Subsidies by 2020
  by Lambert Strether 4:55 am

• Is ‘Our Revolution’ the Way To Build Transformative Politics?
  by Lambert Strether 3:43 am

• Wolf Richter: Fear Spreads of a Housing Crash in Canada
  by Lambert Strether 2:55 am

August 29, 2016

• 2:00PM Water Cooler 8/29/2016
  by Lambert Strether 2:00 pm

• The Underground History of the So-Called Public Option (Plus Underpants Gnomes)
  by Lambert Strether 1:26 pm

• Links 8/29/2016
  by Lambert Strether 6:55 am

• Framing Votes for TPP as the Surrender of National Sovereignty (i.e., Treason)
  by Lambert Strether 5:55 am

• Forget Swing States: The Presidential Election Will Be Determined by 20 Swing Counties in Linchpin States
  by Lambert Strether 4:55 am

• Oil Booms Leave the Poor in the Dark
  by Lambert Strether 12:55 am

August 28, 2016

• Links 8/28/2016
  by Jerri-Lynn Scofield 6:55 am

• DoJ Says Jail for Not Making Bail is Unconstitutional
  by Jerri-Lynn Scofield 6:45 am

August 27, 2016

• Business Groups Aim to Strong-Arm CFPB on Arbitration
  by Jerri-Lynn Scofield 9:48 am

• Links 8/27/2016
  by Jerri-Lynn Scofield 6:55 am

• Is Toothpaste Dangerous to Your Health?
  by Jerri-Lynn Scofield 5:25 am

August 26, 2016

• 2:00PM Water Cooler 8/26/2016
  by Lambert Strether 2:00 pm

• Why Behavioral Economics Is Really Marketing Science
  by Yves Smith 9:55 am

• Links 8/26/16
  by Yves Smith 6:55 am

• The Newspaper Ad Collapse: Bad News for Readers
  by Yves Smith 4:16 am

• How Veterans are Victims of Big Pharma
  by Yves Smith 3:03 am

• Big Banks’ Blockchain: Boondoggle?
  by Richard Smith 12:15 am

August 25, 2016

• 2:00PM Water Cooler 8/25/2016
  by Lambert Strether 2:00 pm

• Credentialism and Corruption: Vile College Administrators Edition
  by Lambert Strether 12:45 pm

• Links 8/25/16
  by Yves Smith 6:59 am

• Even Matt Levine Feels Compelled to Say Sorta Bad Things About Apollo’s Conduct in $52.8 Million SEC Settlement
  by Yves Smith 6:58 am

• The Real Scandal of Clinton’s Emails: Conducting Foreign Policy In Secret
  by Yves Smith 4:33 am

• Could a Lithium Shortage De-Rail the Electric Car Boom?
  by Yves Smith 3:31 am

August 24, 2016

• 2:00PM Water Cooler 8/24/2016
  by Lambert Strether 2:00 pm

• Credentialism and Corruption: Vile College Presidents Edition
  by Lambert Strether 12:47 pm

• Links 8/24/16
  by Yves Smith 6:59 am

• CalPERS Board, General Counsel Illegally Silence Naked Capitalism Even as We Try to Help
  by Yves Smith 6:58 am

• Corporate Tax Cuts: More Debunking of the Claim that They Spur Growth
  by Yves Smith 6:55 am

• Back to the Future? Lessons on Inequality, Labor Markets, and Conflict from the Gilded Age
  by Yves Smith 6:52 am

August 23, 2016

• 2:00PM Water Cooler 8/23/2016
  by Lambert Strether 2:00 pm

• Links 8/23/16
  by Yves Smith 6:55 am

• Trickle Down Election Economics: How Big Money Can Affect Small Races
  by Yves Smith 4:00 am

• Revealed: ECB Secretly Hands Cash to Select Corporations
  by Yves Smith 3:41 am

• Bill Black: Why Whistleblowers’ Disclosures Need Protection Under the Law
  by Yves Smith 3:00 am

August 22, 2016

• 2:00PM Water Cooler 8/22/2016
  by Lambert Strether 2:00 pm

• How Abusive Employers Combined With Job Insecurity Lead to Suicides
  by Yves Smith 9:55 am

• Links 8/22/16
  by Lambert Strether 6:55 am

• CalPERS’ Tainted Fiduciary Counsel Robert Klausner Departs After NC Publicizes His Dubious History
  by Yves Smith 4:30 am

• Human Development, Inequality, and Long Working Hours
  by Lambert Strether 2:55 am

• A Hard Look at the War Criminals, Um, Hawks Who Say “Never Trump”
  by Yves Smith 12:08 am

August 21, 2016

• Links 8/21/16
  by Lambert Strether 6:55 am

• Taxcast on Big Four Accounting and the Duke of Westminster
  by Lambert Strether 3:25 am

• Eurozone Stability Under Threat of a ‘Bad Shock’
  by Yves Smith 2:47 am

August 20, 2016

• Links 8/20/16
  by Yves Smith 6:55 am

• The Link Between Health Spending and Life Expectancy: The US is an Outlier
  by Yves Smith 4:06 am

• Gaius Publius: “You Broke It, You Bought It” – A Sanders Activist Challenges Clinton Supporters
  by Yves Smith 3:05 am

August 19, 2016

• 2:00PM Water Cooler 8/19/2016
  by Lambert Strether 2:00 pm

• Dirk Bezemer and Michael Hudson: Finance is Not the Economy
  by Yves Smith 9:55 am

• Links 8/19/16
  by Yves Smith 6:59 am

• SEC Shamed: Whistleblower Refuses Multimillion Dollar Award Due to Ex-Deutsche Bank Attorneys at SEC Protecting Deutsche Execs (and Themselves)
  by Yves Smith 6:58 am

• Brexit Delusion Rises Even Further: City Pumping for Presumptuous, Nightmarish-to-Negotiate “Swiss Plus” Plan
  by Yves Smith 6:57 am

• Care Work as the Work of the Future
  by Yves Smith 6:08 am

August 18, 2016

• 2:00PM Water Cooler 8/18/2016
  by Lambert Strether 2:00 pm

• Trip Reports from Sanders Delegates at the Democrat National Convention
  by Lambert Strether 12:45 pm

• Expansionary Fiscal Consolidation Myth
  by Yves Smith 9:55 am

• Links 8/18/16
  by Yves Smith 6:55 am

• What Do US Wages Tell Us About the Business Cycle?
  by Yves Smith 5:44 am

• Hedge Funds Get More Pushback on Terms as Enthusiasm for Strategy Wanes
  by Yves Smith 5:15 am

• How WalMart Makes You Pay for Its (Lack of) Policing
  by Yves Smith 2:17 am

August 17, 2016

• 2:00PM Water Cooler 8/17/2016
  by Lambert Strether 2:00 pm

• ObamaCare Death Spiral Accelerates as Aetna Pulls out of the Exchanges
  by Lambert Strether 12:31 pm

• The Elite “Let Them Eat Education” Fallacy
  by Yves Smith 9:55 am

• Links 8/17/16
  by Lambert Strether 6:55 am

• Will Elizabeth Warren Stymie Clinton’s Pro-Big Finance Campaign Promises?
  by Yves Smith 6:22 am

• Banks Pushing Back Against Negative Interest Rates With Threat to Store Cash
  by Yves Smith 4:19 am

• Wolf Richter: The “Housing Crisis” in San Francisco Strangles Demand
  by Lambert Strether 1:25 am

August 16, 2016

• 2:00PM Water Cooler 8/16/2016
  by Lambert Strether 2:00 pm

• What Can We Do to End the Isolation of Whistleblowers?
  by Lambert Strether 11:55 am

• Milwaukee Riots Round-up of “Systemic Causes”
  by Lambert Strether 10:15 am

• Links 8/16/16
  by Lambert Strether 6:55 am

• What Will You Do When The Lights Go Out? The Inevitable Failure Of The US Grid
  by Lambert Strether 4:55 am

• More Bombs, More Shells, More Napalm: Nation Building Through Foreign Intervention
  by Lambert Strether 1:25 am

August 15, 2016

• 2:00PM Water Cooler 8/15/2016
  by Lambert Strether 2:00 pm

• Tom Miller Pens Love Letter to Settlements with Financial Fraudsters
  by David Dayen 9:55 am

• Links 8/15/16
  by David Dayen 4:00 am

• Privatization: CCA’s No-Bid Family Immigrant Detention Contract Pays Off Whether They House Detainees or Not
  by David Dayen 3:30 am

• Brexit – A View from North of the Border
  by David Dayen 2:00 am

• Top Marginal Tax Rates and Real Economic Growth, Part 1
  by David Dayen 1:30 am

August 14, 2016

• And Then There Were 3? Three Trials Over Financial Firm Audits Loom for Big Four Firm PwC
  by Jerri-Lynn Scofield 3:55 pm

• Putin-Erdogan Meeting a Dud: No Common Ground on Syria
  by Jerri-Lynn Scofield 8:55 am

• Links 8/14/16
  by Jerri-Lynn Scofield 6:55 am

• Hope to See You at Our San Francisco Meetup Today
  by Yves Smith 12:08 am

August 13, 2016

• Welcome Jerri-Lynn Scofield to Naked Capitalism!
  by Yves Smith 2:16 pm

• Links 8/13/16
  by Lambert Strether 6:55 am

• How the Fed Promoted “Financial Dominance” and Shadow Banking by Promoting Repo
  by Yves Smith 6:30 am

• Why Is the Pentagon Hiding the Number of Troops in Iraq and Syria?
  by Lambert Strether 2:25 am

August 12, 2016

• 2:00PM Water Cooler 8/12/2016
  by Lambert Strether 2:00 pm

• Hot Money and Financial Activity in Commodity Exporters
  by Yves Smith 9:55 am

• Links 8/12/16
  by Yves Smith 6:55 am

• Big Wall Street Firms Make Lame Excuse for Volcker Rule Non-Compliance, Ask for Additional Five Year Extension
  by Yves Smith 6:37 am

• Central Banks Pushing on Strings Again
  by Yves Smith 6:17 am

• Don’t Miss Our San Francisco Meetup This Sunday, August 14
  by Yves Smith 5:42 am

• William Astore: Why Do Military Professionals Remain Silent About America’s Disastrous Wars?
  by Yves Smith 2:56 am

August 11, 2016

• 2:00PM Water Cooler 8/11/2016
  by Lambert Strether 2:00 pm

• The Strange Fate of Economists’ Interest in Collective Decision-Making
  by Yves Smith 9:55 am

• Links 8/11/16
  by Yves Smith 6:55 am

• Wolf Richter: Declining Productivity Bodes Ill for Growth and Jobs
  by Yves Smith 6:54 am

• Bill Black: Thomas Friedman – Deregulation Makes Banking Safe
  by Yves Smith 6:29 am

• Private Equity’s Latest Con: Using Fund-Level Borrowing to Juice Reported Returns While Increasing Investor, and Even Systemic, Risk
  by Yves Smith 1:21 am

August 10, 2016

• 2:00PM Water Cooler 8/10/2016
  by Lambert Strether 2:00 pm

• Austria: A Case Study of How Offshoring Lowered Growth
  by Yves Smith 9:55 am

• Links 8/10/16
  by Yves Smith 6:55 am

• Even Endowments Like Harvard, Former Top Investors in Hedge and Private Equity Funds, No Longer Beat Boring Stocks and Bonds
  by Yves Smith 6:35 am

• Bill Gross Chides CalPERS for Its 7.5% Returns Assumption; Illinois Set to Lower Target
  by Yves Smith 6:11 am

• Michael Hudson: Clinton’s Red-Baiting Distracts from Failure to Address Inequality, War-Mongering as Trump Flails
  by Yves Smith 3:56 am

• Please Come to Our San Francisco Meetup This Sunday, August 14
  by Yves Smith 12:09 am

August 9, 2016

• 2:00PM Water Cooler 8/9/2016
  by Lambert Strether 2:00 pm

• Bill Black: Thomas Friedman Wants A “Center-Left” Democratic Party Based on Austrian Economic Myths
  by Yves Smith 9:55 am

• Links 8/9/16
  by Yves Smith 6:55 am

• Economists Mystified that Negative Interest Rates Aren’t Leading Consumers to Run Out and Spend
  by Yves Smith 6:11 am

• Stark New Evidence on How Money Shapes America’s Elections
  by Yves Smith 12:48 am

• Big Oil Increasingly Funding Dividends With Borrowing
  by Yves Smith 12:12 am

August 8, 2016

• 2:00PM Water Cooler 8/8/2016
  by Lambert Strether 2:00 pm

• JAMA Turns Over Its Pages to Neoliberal Policy Erasure on Health Care, Because Obama
  by Lambert Strether 1:00 pm

• Links 8/8/16
  by Yves Smith 6:55 am

• Being a Bernie Delegate
  by #SlayTheSmaugs 6:50 am

• Bill Black: Thomas Friedman’s Big Idea for Hillary – Embrace Wall Street and Deregulation
  by Yves Smith 6:43 am

• How CEOs Get Paid for Luck
  by Yves Smith 3:27 am

August 7, 2016

• Emergy (with an “m”) and Environmental Accounting for Maine’s Landfill
  by Lambert Strether 12:45 pm

• Links 8/7/16
  by Lambert Strether 6:55 am

• Brexit: This Backlash Has Been a Long Time Coming
  by Lambert Strether 1:55 am

August 6, 2016

• Links 8/6/16
  by Lambert Strether 6:55 am

• Wolf Richter: Why this Job Market is Still Terrible: The Politically Incorrect Numbers Everyone is Hushing up
  by Lambert Strether 2:25 am

• Trumpbusters: Who You Gonna Call?
  by Yves Smith 1:34 am

August 5, 2016

• 2:00PM Water Cooler 8/5/2016
  by Lambert Strether 2:00 pm

• The Economic Drivers of Political Disruption in Advanced Economies
  by Yves Smith 9:55 am

• Links 8/5/16
  by Yves Smith 6:55 am

• Why the Crisis in Italy is Not Over
  by Yves Smith 4:48 am

• Andrew Bacevich: The 60-Year Decay of American Politics
  by Yves Smith 3:12 am

• Despite Low Oil Prices, Saudi Arabia Stabilizing Economy
  by Yves Smith 2:38 am

• Please Join Us at Our NYC Meetup This Evening`
  by Yves Smith 2:00 am

August 4, 2016

• 2:00PM Water Cooler 8/4/2016
  by Lambert Strether 2:00 pm

• Lousy Experts: Looking Back at the Ex Ante Estimates of the Costs of Brexit
  by Yves Smith 9:55 am

• Links 8/4/16
  by Yves Smith 6:59 am

• Instant Payment Services – Payer Beware
  by Yves Smith 6:50 am

• CalPERS Admits to Guilt in Misleading Beneficiaries and Taxpayers About Its Returns by Changing Report After Being Called Out
  by Yves Smith 6:50 am

• Missouri State Public Defender’s Office Appoints Governor Jay Nixon To Serve as Public Defender
  by Yves Smith 5:15 am

• New Zealand Foreign Trusts: the Scandals, the Reforms, and Some Throat-Clearing From the EU
  by Richard Smith 2:38 am

August 3, 2016

• 2:00PM Water Cooler 8/3/2016
  by Lambert Strether 2:00 pm

• Shaky State of North-South Relations
  by Yves Smith 9:55 am

• Links 8/3/16
  by Yves Smith 6:59 am

• Americans for Financial Reform Calls Out Private Equity Broker-Dealer Abuses as Latest Example of SEC’s Weak, Selective Enforcement
  by Yves Smith 6:47 am

• Financialization and its Discontents
  by Yves Smith 6:30 am

• Brexit Realism: Maybe Voters Were Not Dumb
  by Yves Smith 5:47 am

• Reminder: NYC Meetup This Friday, August 5!
  by Yves Smith 2:00 am

August 2, 2016

• 2:00PM Water Cooler 8/2/2016
  by Lambert Strether 2:02 pm

• European Bank Shares Fall Out of Bed as Monte dei Paschi Rescue Fails to Reassure
  by Yves Smith 11:10 am

• Links 8/2/16
  by Yves Smith 6:59 am

• A New Low: The New York Times’ Children’s Bedtime Story of Private Equity
  by Yves Smith 6:58 am

• 5 Ways Corporate Power Increases Inequality
  by Yves Smith 6:55 am

• John Helmer: The Collapse of Russian Real Estate Investment – Will Children and Chinese Tourists Save the Mall?
  by Yves Smith 6:51 am

August 1, 2016

• 2:00PM Water Cooler 8/1/2016
  by Lambert Strether 2:00 pm

• The Politically Expedient German Scheme for Eurozone Sovereign Debt Bail-Ins
  by Yves Smith 9:55 am

• Dwight Eisenhower to Enter Presidential Race
  by Yves Smith 8:49 am

• Links 8/1/16
  by Yves Smith 6:59 am

• Strengthening Russo-Turkish Alliance Stokes US-Russian Cold War
  by Yves Smith 6:12 am

• Dumb Money Watch: ZIRP-Starved Insurers Beefing Up in Lending as Banks Exit the Pool
  by Yves Smith 5:40 am

• Scotland Disses Theresa May by Reviving Anti-Inequality Law She Loathes
  by Yves Smith 2:25 am