Monthly Archives: July 2017

July 31, 2017

• 2:00PM Water Cooler 7/31/2017
  by Lambert Strether 2:00 pm

• Payday Lending and the CFPB: Another Pending Cordray Fail
  by Jerri-Lynn Scofield 10:55 am

• Links 7/31/2017
  by Jerri-Lynn Scofield 6:55 am

• Bill Black: Subprime Auto Loan Defaults on the Rise
  by Jerri-Lynn Scofield 5:55 am

• Private Equity Firms Sued Over Retailer Bankruptcies
  by Yves Smith 5:06 am

• How “Use of Machinery” Promotes Inequality and Social Upheaval
  by Yves Smith 2:20 am

July 30, 2017

• SEC Punts on Unfinished Dodd-Frank Agenda, Thus Avoiding Congressional Review Act
  by Jerri-Lynn Scofield 9:55 am

• Links 7/30/2017
  by Jerri-Lynn Scofield 6:55 am

• New Jersey Food Waste Law Will Help Feed Hungry, And Mitigate Climate Change
  by Jerri-Lynn Scofield 6:50 am

July 29, 2017

• Link 7/29/17
  by Yves Smith 6:55 am

• Matt Bruenig: Nordic Socialism Is Realer Than You Think
  by Yves Smith 2:51 am

• Lack of Hope in America: The High Costs of Being Poor in a Rich Land
  by Yves Smith 2:18 am

July 28, 2017

• 2:00PM Water Cooler 7/28/2017
  by Lambert Strether 2:00 pm

• Food, the UK and Brexit: An Even Messier Reprise of Corn Laws Politics?
  by Yves Smith 9:55 am

• Links 7/28/17
  by Yves Smith 6:55 am

• How Electronic Health Records Degrade Care and Endanger Patients
  by Yves Smith 6:50 am

• Wells Fargo at It Again, Stuck Over 800,000 Customers With Unnecessary Car Insurance
  by Yves Smith 6:02 am

• Wolf Richter: Markets, Regulators Ignore Ticking Time Bomb of Shadow Margin Loans
  by Yves Smith 4:52 am

July 27, 2017

• 2:00PM Water Cooler 7/27/2017
  by Lambert Strether 2:00 pm

• Cobalt Production as the Hidden Choke Point on Mass Conversion to Electric Vehicles
  by Yves Smith 9:55 am

• Links 7/27/17
  by Yves Smith 6:55 am

• Healthcare Hypocrisy: How Politicians Hide Behind the 1986 EMTALA Law to Avoid Healthcare Reform
  by Yves Smith 6:51 am

• More Criticism of Private Equity Leverage on Leverage Via Subscription Line Financing
  by Yves Smith 6:50 am

• Trilemmas and Financial Instability
  by Yves Smith 5:49 am

July 26, 2017

• 2:00PM Water Cooler 7/26/2017
  by Lambert Strether 2:00 pm

• House Votes to Overturn CFPB Mandatory Arbitration Ban
  by Jerri-Lynn Scofield 9:55 am

• Links 7/26/2017
  by Lambert Strether 6:55 am

• How a Banking Union Has Created Deep Divisions that Undermine the Eurozone’s Stability
  by Yves Smith 3:43 am

• Are the Latest Russia Sanctions Really About Forcing US LNG on Europe?
  by Yves Smith 3:09 am

• Is Uber About to Take SoftBank for a Ride?
  by Yves Smith 1:52 am

July 25, 2017

• 2:00PM Water Cooler 7/25/2017
  by Lambert Strether 2:00 pm

• John Helmer: Jared Kushner’s Testimonial to Stupidity and Unfitness – American and Russian
  by Yves Smith 9:55 am

• Links 7/25/2017
  by Lambert Strether 6:55 am

• People Voted Communist Because…
  by Outis Philalithopoulos 4:55 am

• Why CalPERS’ Scheme for an “Independent” Private Equity Entity Is the Wrong Solution to the Problem of Weak Skills
  by Yves Smith 4:54 am

• Bill Black: Jamie Dimon, You Make Us Embarrassed to be Americans
  by Lambert Strether 3:55 am

July 24, 2017

• 2:00PM Water Cooler 7/24/2017
  by Lambert Strether 2:05 pm

• Sleeping Monster: The Trade in Services Agreement (TiSA) and Labor
  by Lambert Strether 1:30 pm

• Links 7/24/2017
  by Lambert Strether 6:55 am

• CalPERS Board Uncomfortable With Staff’s “Fire, Aim, Ready” Plan to Create Unaccountable Private Equity Vehicle
  by Yves Smith 5:43 am

• The Mega Rich Are Getting Mega Richer: A Former CEO Exposes the Corruption Behind Their Obscene Paychecks
  by Jerri-Lynn Scofield 3:55 am

• Juliana v. United States and the Principle of Intergenerational Equity in Climate Change Law
  by Lambert Strether 2:55 am

July 23, 2017

• Sleeping Monster: The Trade in Services Agreement (TiSA), Scheduling, and “Standstill” and “Ratchet” Clauses
  by Lambert Strether 12:55 pm

• Links 7/23/2017
  by Lambert Strether 6:55 am

• Is Productivity Growth Becoming Irrelevant?
  by Lambert Strether 2:55 am

July 22, 2017

• US to Bar its Citizens from Travel to North Korea: What Comes Next?
  by Jerri-Lynn Scofield 7:40 am

• Links 7/22/2017
  by Lambert Strether 6:55 am

• Capital Accumulation, Private Property, and Inequality in China, 1978-2015
  by Lambert Strether 3:55 am

July 21, 2017

• 2:00PM Water Cooler 7/21/2017
  by Lambert Strether 2:00 pm

• Telling the Climate Truth
  by Jerri-Lynn Scofield 9:55 am

• Links 7/21/2017
  by Lambert Strether 6:55 am

• The Minefield of Historical Communism
  by Outis Philalithopoulos 6:00 am

• The Real Cause of the Italian Bank Bailouts and Euro Banking Troubles
  by Jerri-Lynn Scofield 4:25 am

• Debts That Cannot Be Paid Will Not Be
  by Jerri-Lynn Scofield 2:55 am

July 20, 2017

• 2:00PM Water Cooler 7/20/2017
  by Lambert Strether 2:00 pm

• Sleeping Monster: The Trade in Services Agreement (TiSA) and Its Expansive Definition of “Services”
  by Lambert Strether 1:35 pm

• Crossing National Public Radio (NPR) Off My List for Health Care Coverage
  by Lambert Strether 10:41 am

• Links 7/20/2017
  by Lambert Strether 6:55 am

• Don Quijones: Did the City of London Just Press the Panic Button on Brexit?
  by Lambert Strether 3:55 am

• Where Do Pro-Social Institutions Come From?
  by Lambert Strether 1:55 am

July 19, 2017

• 2:00PM Water Cooler 7/19/2017
  by Lambert Strether 2:00 pm

• Sleeping Monster: The Trade in Services Agreement (TiSA) and the Supply Chain
  by Lambert Strether 12:45 pm

• Plastic Free July: What YOU Can Do to Reduce Plastics Waste
  by Jerri-Lynn Scofield 10:25 am

• Links 7/19/2017
  by Lambert Strether 6:55 am

• A 21st-Century Form of Indentured Servitude Has Already Penetrated Deep into the American Heartland
  by Lambert Strether 4:55 am

• NATO-Russia Tensions Rise, Arms Makers Benefit
  by Jerri-Lynn Scofield 1:55 am

July 18, 2017

• 2:00PM Water Cooler 7/18/2017
  by Lambert Strether 2:00 pm

• A Quick Post Mortem on the Better Health Care Reconciliation Act (BCRA)
  by Lambert Strether 1:10 pm

• Mary Beard’s SPQR: The Romans and the Succession Crisis of Today
  by Lambert Strether 10:30 am

• Links 7/18/2017
  by Lambert Strether 6:55 am

• The US Retail Crisis
  by Lambert Strether 5:25 am

• A Memo From MMT’s Legal Department
  by Lambert Strether 2:25 am

July 17, 2017

• 2:00PM Water Cooler 7/17/2017
  by Lambert Strether 2:00 pm

• Barriers to Entry: On Bar Exams and Supreme Court Seats
  by Jerri-Lynn Scofield 9:55 am

• Links 7/17/2017
  by Jerri-Lynn Scofield 6:55 am

• Shocking Federal Report Details Continued Use of Solitary Confinement for Mentally-Ill Inmates
  by Jerri-Lynn Scofield 6:50 am

• Rising from the Ashes, a Buffalo Suburb Ends its Dependence on Coal
  by Jerri-Lynn Scofield 3:55 am

• Gerald Epstein: If Yellen is Out, What’s Next for the Fed?
  by Jerri-Lynn Scofield 2:55 am

• Reminder: Please Join Our San Francisco Meeup This Tuesday, July 18
  by Yves Smith 12:07 am

July 16, 2017

• Feds Concede Can’t Search Cloud Data at Border for US Citizens
  by Jerri-Lynn Scofield 9:55 am

• Links 7/16/2017
  by Jerri-Lynn Scofield 6:55 am

• Government’s Brexit Repeal Bill ‘Power Grab’ Threatens UK Environment Regulations
  by Jerri-Lynn Scofield 3:55 am

July 15, 2017

• War & Cholera Decimate Yemen, But Saudi Bombing Gets More US Help
  by Jerri-Lynn Scofield 9:55 am

• Links 7/15/2017
  by Jerri-Lynn Scofield 6:55 am

• Don Quijones: People Not Amused by EU Efforts to “De-Cash” their Lives
  by Jerri-Lynn Scofield 3:55 am

July 14, 2017

• 2:00PM Water Cooler 7/14/2017
  by Lambert Strether 2:00 pm

• One-Month Anniversary of the Grenfell Tower Fire: Status Update
  by Lambert Strether 12:30 pm

• Links 7/14/17
  by Lambert Strether 6:55 am

• REMINDER: Portland, MAINE Meetup Today, July 14 (Bastille Day), 6:00PM (with Lambert)
  by Lambert Strether 6:50 am

• Create the Perfect Revolutionary Agenda with These Three Tricks!
  by Lambert Strether 6:25 am

• Hamburgdämmerung: The End of G20 as a “Premier Forum for International Economic Cooperation”?
  by Lambert Strether 6:25 am

• Are The Arab Nations On The Brink Of War? The Rift Between GCC Monarchies Saudi Arabia and Qatar
  by Lambert Strether 1:25 am

• Please Come to Our Los Angeles Meetup This Saturday, July 15
  by Yves Smith 12:15 am

July 13, 2017

• 2:00PM Water Cooler 7/13/2017
  by Lambert Strether 2:00 pm

• Links 7/13/17
  by Lambert Strether 6:55 am

• Visa Trying to Bribe Merchants to Stop Taking Cash
  by Yves Smith 6:50 am

• National Audit Office Warns of Brexit Customs IT Train Wreck….Nine Months After Naked Capitalism
  by Yves Smith 3:41 am

• Monetary Sovereigns, Monetary Subjects: Modern Money & The Criminal Legal System
  by Yves Smith 2:19 am

• The Retirement Wealth Inequality Machine
  by Yves Smith 1:10 am

July 12, 2017

• 2:00PM Water Cooler 7/12/2017
  by Lambert Strether 2:00 pm

• It Takes a Theory to Beat a Theory: The Adaptive Markets Hypothesis
  by Yves Smith 9:55 am

• Links 7/12/17
  by Lambert Strether 6:55 am

• Hallucinating Banks Believe They Are Technology Start-Ups
  by Clive 6:50 am

• Wolf Richter: Cryptocurrencies Collapsed
  by Yves Smith 5:55 am

• Single Market Maze Contains Clues to Complex Brexit Puzzle
  by Yves Smith 12:47 am

• Bill Black: The CFPB Arbitration Rule is Pro (Honest) Businesses
  by Yves Smith 12:15 am

July 11, 2017

• All Politics is Local: Why the Odds Are Against TrumpUncare (BCRA, BCRA + “Consumer Choice,” and AHCA)
  by Lambert Strether 3:10 pm

• 2:00PM Water Cooler 7/11/2017
  by Lambert Strether 2:00 pm

• Links 7/11/17
  by Yves Smith 6:55 am

• Lee Camp: Enjoy the Trump Show While Wall Street Pillages the Country
  by Yves Smith 6:50 am

• More Brexit Backpedaling, UK May Relent on ECJ Red Line for “Transition Period”
  by Yves Smith 4:59 am

• Ben Bernanke, in Denial? “When Growth is Not Enough”
  by Yves Smith 1:24 am

July 10, 2017

• Portland, MAINE Meetup on July 14 (Bastille Day), 6:00PM (with Lambert)
  by Lambert Strether 2:57 pm

• 2:00PM Water Cooler 7/10/2017
  by Lambert Strether 2:00 pm

• Doubling Down on Deregulation: SEC Extends JOBS Act Benefit in Elusive Quest to Goose IPO Market
  by Jerri-Lynn Scofield 7:55 am

• Links 7/10/17
  by Lambert Strether 6:55 am

• Bumbling Kentucky Retirement Systems Threatens Naked Capitalism With Half-Cocked Nastygram That Will Only Alienate Private Equity Fund Managers
  by Yves Smith 5:20 am

• Reminder Re Los Angeles Meetup This Saturday, July 15; Announcing San Francisco Meetup for Tuesday, July 18
  by Yves Smith 1:30 am

• Aiding and Abetting Trump as Tweeter-in-Chief
  by Yves Smith 12:28 am

July 9, 2017

• Crapification at The New York Times
  by Lambert Strether 1:30 pm

• Links 7/9/17
  by Lambert Strether 6:55 am

• John Helmer: How the Russian Economy Looks If You Aren’t Wearing NATO Night-Fighting Goggles
  by Lambert Strether 2:25 am

July 8, 2017

• Links 7/8/17
  by Yves Smith 6:55 am

• Why You Should Never Use a Supply and Demand Diagram for Labor Markets
  by Yves Smith 4:07 am

• 18 States Sue Betsy DeVos to Reinstate Rules Protecting Students from Predatory Private Colleges
  by Yves Smith 3:53 am

July 7, 2017

• 2:00PM Water Cooler 7/7/2017
  by Lambert Strether 2:00 pm

• Some Remarks on MMT & Marxism in Light of David Harvey’s “Marx, Capital, and the Madness of Economic Reason”
  by Yves Smith 9:55 am

• Links 7/7/17
  by Lambert Strether 6:55 am

• Brexit Starts to Go Pear Shaped from UK Side as Businesses Freak Out
  by Yves Smith 6:00 am

• EU Takes Stand Against Crapification
  by Yves Smith 1:34 am

• Poverty, Crime and Causality
  by Yves Smith 12:16 am

July 6, 2017

• 2:00PM Water Cooler 7/6/2017
  by Lambert Strether 2:00 pm

• Growing, Shrinking, and Long-Run Economic Performance
  by Yves Smith 9:55 am

• Links 7/6/17
  by Lambert Strether 6:55 am

• Quelle Surprise! Study Confirms that ACA Narrow Networks Exclude Top Cancer Doctors
  by Yves Smith 6:30 am

• Instead of Trying to Sabotage the Trump-Putin Meeting, Democrats Should Support Vital Proposals
  by Yves Smith 4:12 am

• Seeking Refuge in Refugees
  by Yves Smith 3:30 am

• The Chinese Debt Time Bomb
  by Yves Smith 2:51 am

July 5, 2017

• 2:00PM Water Cooler 7/5/2017
  by Lambert Strether 2:00 pm

• Lee Camp: Have No Fear – Trump Is Lying Us Into War Just Like All The Presidents Before Him
  by Yves Smith 9:55 am

• Links 7/5/17
  by Yves Smith 6:55 am

July 4, 2017

• CalPERS’ CIO Plays Board Like a Fiddle, Uses Trumpian Tactics on Credulous True Believers
  by Yves Smith 9:30 pm

• CalPERS CIO Sings Out of Tune, But Board Applauds His Poor Performance
  by Yves Smith 9:29 pm

• US Senate Strikes for Russian Equality – The Oligarchs Targeted in New Sanctions Bill
  by Yves Smith 7:20 pm

• Links 7/4/17
  by Yves Smith 6:55 am

• More Animals in Government!
  by Yves Smith 2:57 am

• Has Keystone XL Become Obsolete?
  by Yves Smith 12:06 am

July 3, 2017

• 2:00PM Water Cooler 7/3/2017
  by Lambert Strether 2:00 pm

• The Crapification of Air Travel, And Don’t Expect AMEX to Help, Either
  by Jerri-Lynn Scofield 9:55 am

• Links 7/3/2017
  by Jerri-Lynn Scofield 6:55 am

• When Trying to Increase Your Pay Was Dangerous
  by Yves Smith 6:30 am

• Economics of the Populist Backlash
  by Yves Smith 6:14 am

• Canada Undermines Targets for Protecting Oceans by Increasing Oil Exploration
  by Jerri-Lynn Scofield 5:35 am

July 2, 2017

• Mandatory Arbitration Clauses: What’s Next?
  by Jerri-Lynn Scofield 8:55 am

• Links 7/2/2017
  by Jerri-Lynn Scofield 6:55 am

• Wolf Richter: Apartment Rents Drop as Commercial Real Estate Sours
  by Jerri-Lynn Scofield 3:55 am

July 1, 2017

• Links 7/1/17
  by Yves Smith 6:55 am

• Jim Chanos: U.S. Economy is Worse Than You Think
  by Yves Smith 12:14 am

• Stadiums or Schools: An Analysis of Public Expenditures
  by Yves Smith 12:04 am