Monthly Archives: August 2018

August 31, 2018

• 2:00PM Water Cooler 8/31/2018
  by Lambert Strether 2:00 pm

• Links 8/31/18
  by Yves Smith 6:55 am

• Why Transforming the Economy Begins and Ends with Cooperation
  by Yves Smith 3:43 am

• Holiday Schedule + Comments Holiday Notice
  by Yves Smith 2:28 am

• Social Media vs the Constitution
  by Yves Smith 1:39 am

August 30, 2018

• 2:00PM Water Cooler 8/30/2018
  by Lambert Strether 2:00 pm

• Financial Times Publication Confirms Accuracy of Our Reporting on CalPERS CEO Marcie Frost’s Resume Misrepresentations; Board Refuses to Investigate and Instead Attacks Us
  by Yves Smith 9:55 am

• Links 8/30/18
  by Yves Smith 6:55 am

• Causes of Turkey’s Crisis
  by Outis Philalithopoulos 3:43 am

• The “Petrodollar” Has No Bearing on Any Country’s Ability to Employ Its People Fully
  by Yves Smith 3:38 am

• Marrying NAFTA and The TPP: The “US-Mexico Trade Agreement”
  by Yves Smith 3:27 am

August 29, 2018

• 2:00PM Water Cooler 8/29/2018
  by Lambert Strether 2:00 pm

• Why I Hate The New York Times Front Page Redesign
  by Lambert Strether 1:45 pm

• Links 8/29/18
  by Yves Smith 6:55 am

• Matt Taibbi on Facebook and Google Playing the Censor
  by Yves Smith 4:29 am

• TSB: Why Are So Few Customers Leaving a Bank that Trampled on Them?
  by Yves Smith 3:20 am

• A Stopped Clock Asks Two Good Questions — Will Trump Resign? Will Democrats Impeach Him?
  by Yves Smith 12:40 am

August 28, 2018

• 2:00PM Water Cooler 8/28/2018
  by Lambert Strether 2:00 pm

• America’s Broken Retirement System is a Recipe for Political Chaos
  by Yves Smith 9:55 am

• Links 8/28/18
  by Lambert Strether 6:55 am

• White-Collar Criminals Got Off Scot-Free After the 2008 Financial Crisis — and That Helped Fuel President Trump’s Rise
  by Yves Smith 3:48 am

• Why Marcie Frost’s Shoddy Resume Alone Was Reason Not to Hire Her at CalPERS
  by Yves Smith 2:42 am

• Will Saudi Arabia’s Geopolitical Strategy Backfire?
  by Yves Smith 2:30 am

August 27, 2018

• 2:00PM Water Cooler 8/27/2018
  by Lambert Strether 2:00 pm

• CalPERS’ CEO Marcie Frost’s Misrepresentations Regarding Her Education and Work History During and After Her Hiring
  by Yves Smith 10:11 am

• Cover-Up of CalPERS’ CEO Frost’s Misrepresentations of Her History: Document Destruction/Loss at CalPERS, Pressure on The Evergreen State College
  by Yves Smith 10:10 am

• Links 8/27/18
  by Lambert Strether 6:55 am

• Another Deadly Pandemic is Coming — And the US Is Not Ready
  by Lambert Strether 5:25 am

• A Private Investigator on Living in a Surveillance Culture
  by Yves Smith 2:15 am

August 26, 2018

• Why I Am Not Wildly Enthusiastic about Sanders’ Plan to Tax Amazon
  by Lambert Strether 2:55 pm

• Links 8/26/18
  by Lambert Strether 6:55 am

• The Fate of English in the EU After Brexit: Expected and Unexpected Twists
  by Lambert Strether 2:55 am

August 25, 2018

• Links 8/25/18
  by Lambert Strether 6:55 am

• Gaius Publius: Verizon Throttled Firefighters’ Data As Mendocino Wildfire Burned
  by Yves Smith 2:25 am

• The Long Legacy of Frederick Douglass
  by Yves Smith 2:10 am

• Love at First Sight—Old Man Adopts Dog
  by Yves Smith 1:24 am

August 24, 2018

• 2:00PM Water Cooler 8/24/2018
  by Lambert Strether 2:00 pm

• Fracking, the Water Cycle, and Sacrifice Zones
  by Lambert Strether 1:55 pm

• Links 8/24/18
  by Lambert Strether 6:55 am

• Landmark Kentucky Pension Case Against KKR, Blackstone, and PAAMCO to Move to Trial?
  by Yves Smith 3:33 am

• Market Power, Low Productivity, and Lagging Wages: The Real Drivers
  by Yves Smith 3:00 am

• Wolf Richter: Here Comes the Second Wave of Big Money in the “Buy-to-Rent” Scheme
  by Lambert Strether 2:55 am

August 23, 2018

• Portland (Maine) Meetup Thursday, September 6 with Lambert and Yves
  by Yves Smith 9:59 pm

• 2:00PM Water Cooler 8/23/2018
  by Lambert Strether 2:00 pm

• Lump-of-Labor Fallacy: The Nastiest Motives of Nasty People
  by Yves Smith 9:55 am

• Links 8/23/18
  by Lambert Strether 6:55 am

• Brexit: EU Takes Hard-Nosed Stance on Financial Services “Equivalence” Deals
  by Yves Smith 4:51 am

• Robo-Signing, CalPERS-Style: Travel Expense Claim Forms Regularly Had Approval Signature of Board President Rob Feckner Faked by Staffers; Deputy CEO Doug Hoffner Also Participated in Approval of Undated, Pre-Signed Expense Forms
  by Yves Smith 3:24 am

• Yanis Varoufakis: Greece Was Never Bailed Out and Remains in Debtor’s Prison – Bild Zeitung Interview
  by Yves Smith 2:59 am

August 22, 2018

• 2:00PM Water Cooler 8/22/2018
  by Lambert Strether 2:00 pm

• Social Activism and the Economics of Mental Health
  by Yves Smith 9:55 am

• Links 8/22/18
  by Yves Smith 6:55 am

• The Digital Freedom Pass: Emancipation from Digital Slavery
  by Yves Smith 5:27 am

• Could Turkey Trigger the Next Global Financial Crisis?
  by Yves Smith 4:25 am

• Gaius Publius: What to Expect from a Kavanaugh Court – Government-Funded “Religious” Education
  by Yves Smith 3:45 am

August 21, 2018

• 2:00PM Water Cooler 8/21/2018
  by Lambert Strether 2:00 pm

• Medicare Part D: Delight, or Debacle?
  by Lambert Strether 1:55 pm

• Links 8/21/18
  by Lambert Strether 6:55 am

• Brexit as a Tightly Coupled Process
  by Yves Smith 5:20 am

• The Zero-Sum Economy
  by Yves Smith 5:17 am

• How to Calculate the Costs of #MedicareForAll Properly
  by Lambert Strether 2:25 am

August 20, 2018

• 2:00PM Water Cooler 8/20/2018
  by Lambert Strether 2:00 pm

• Elizabeth Warren’s Proposal for “Co-Determination”: Really a Second New Deal?
  by Lambert Strether 1:55 pm

• Links 8/20/18
  by Lambert Strether 6:55 am

• CalPERS Election-Rigging: Delays Release of Proof of Incumbent Priya Mathur Approving Illegal Pre-Signed Expense Forms to Thwart Challenger Jason Perez
  by Yves Smith 3:24 am

• Brexit Is a Consequence of Low Upward Mobility
  by Yves Smith 3:22 am

• The Militarization of Sports and the Redefinition of Patriotism
  by Lambert Strether 2:25 am

August 19, 2018

• A Rough Guide to the 12 Intelligence Officials Who Condemned Trump for Revoking John Brennan’s Security Clearance
  by Lambert Strether 4:25 pm

• Links 8/19/18
  by Lambert Strether 6:55 am

• How Turkey’s Crisis Might Fracture NATO
  by Lambert Strether 2:55 am

August 18, 2018

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

• What Should the EU Do About the Turkish Currency Crisis?
  by Yves Smith 2:49 am

• Richard Murphy: “First, Let’s Kill All the Accountants” – On Accounting’s Systemic Failure
  by Yves Smith 2:39 am

August 17, 2018

• 2:00PM Water Cooler 8/17/2018
  by Lambert Strether 2:00 pm

• The Mechanics of Cryptocurrency
  by Yves Smith 9:55 am

• Links 8/17/18
  by Yves Smith 6:55 am

• The Trump-Media Logrolling
  by Yves Smith 5:00 am

• Half-Baked Plan to Institutionalize CalPERS’ Kangaroo Court by Board President Priya Mathur and General Counsel Matt Jacobs Suffers Embarrassing Rejection by Board; Instigators Unduly Eager to Revive It
  by Yves Smith 3:30 am

• Tom Engelhardt: America’s Groundhog Day Wars
  by Yves Smith 2:44 am

August 16, 2018

• 2:00PM Water Cooler 8/16/2018
  by Lambert Strether 2:00 pm

• Ten Years After the Crash, Some Progress, But Much More Remains to be Done
  by Yves Smith 9:55 am

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

• Hubert Horan’s Quick Take on Uber’s Second Quarter Results
  by Yves Smith 6:15 am

• Why Elizabeth Warren’s Accountable Capitalism Act Will Be Good for Shareholders
  by Yves Smith 6:11 am

• Sacramento Bee Fingers CalPERS CEO Marcie Frost, General Counsel Matt Jacobs, and Board President Priya Mathur in Asubonten Resume Fabrication Scandal
  by Yves Smith 5:03 am

• France Could Lose Billions In Brexit Trade Route Redirection
  by Yves Smith 3:33 am

August 15, 2018

• 2:00PM Water Cooler 8/15/2018
  by Lambert Strether 2:00 pm

• The CFA Franc Zones: Neocolonialism and Dependency
  by Yves Smith 9:55 am

• Links 8/15/18
  by Yves Smith 6:55 am

• Rethinking Social Progress in the 21st Century
  by Yves Smith 5:52 am

• Gaius Publius: Progressives Ask Why So Many Unions Seem Anti-Progressive
  by Yves Smith 5:17 am

• Donald Trump, Gun-Runner for Hire
  by Yves Smith 12:24 am

August 14, 2018

• 2:00PM Water Cooler 8/14/2018
  by Lambert Strether 2:00 pm

• Plastics: Don’t Microwave, or Place in the Dishwasher
  by Jerri-Lynn Scofield 9:55 am

• Links 8/14/18
  by Lambert Strether 6:55 am

• Emerging Markets Swoon as Turkey Wobbles
  by Yves Smith 6:00 am

• Medicaid Officials Target Home Health Aides’ Union Dues
  by Yves Smith 3:43 am

• Where in the World Is It Easiest to Get Rich?
  by Yves Smith 3:37 am

August 13, 2018

• 2:00PM Water Cooler 8/13/2018
  by Lambert Strether 2:00 pm

• The Fracking Industry Is Cannibalizing Its Own Production, Increasing Spill Risks
  by Jerri-Lynn Scofield 9:55 am

• Links 8/13/18
  by Jerri-Lynn Scofield 6:55 am

• Hubert Horan: Can Uber Ever Deliver? Part Sixteen: Is Morningstar’s Horrendously Bad Uber Analysis a Preview of Uber’s IPO Propsectus?
  by Yves Smith 3:56 am

• CalPERS to End Direct Investments and Separately Managed Accounts, Limit Co-Investment as CIO Whinges About Difficulty of Putting Money to Work
  by Yves Smith 3:55 am

• The Enemy Between Us: How Inequality Erodes Our Mental Health
  by Yves Smith 2:00 am

August 12, 2018

• Ninth Circuit Orders EPA to Ban Chlorpyrifos Pesticide
  by Jerri-Lynn Scofield 9:55 am

• Links 8/12/18
  by Jerri-Lynn Scofield 6:55 am

• Amidst Rising Heat Waves, UN Says Cooling is a Human Right, Not a Luxury
  by Jerri-Lynn Scofield 5:25 am

August 11, 2018

• Links 8/11/18
  by Yves Smith 6:55 am

• ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
  by Yves Smith 4:12 am

• Gaius Publius: Why Is Thomas Frank Puzzled?
  by Yves Smith 1:25 am

August 10, 2018

• 2:00PM Water Cooler 8/10/2018
  by Lambert Strether 2:00 pm

• Puerto Rico: 1427 Hurricane Maria Deaths
  by Jerri-Lynn Scofield 9:55 am

• Links 8/10/18
  by Jerri-Lynn Scofield 6:55 am

• 73 Years After Atomic Bombing of Japan: Nuclear Threat More Immediate Than Ever
  by Jerri-Lynn Scofield 4:55 am

• Empires, Past and Present
  by Yves Smith 1:52 am

• When Social Policy Saves Lives: Analyzing Trends in Mortality Inequality in the US and France
  by Yves Smith 1:38 am

• The Unforeseen Consequences Of China’s Insatiable Oil Demand
  by Yves Smith 12:33 am

August 9, 2018

• 2:00PM Water Cooler 8/9/2018
  by Lambert Strether 2:00 pm

• Fracking Fracas: BLM to Open California Public Lands
  by Jerri-Lynn Scofield 9:55 am

• Links 8/9/18
  by Jerri-Lynn Scofield 6:55 am

• Baltimore Set To Be First Major US City to Ban Water Privatization
  by Jerri-Lynn Scofield 4:55 am

• Asset Prices and Wealth Inequality
  by Yves Smith 2:25 am

• Trump Is Giving Protectionism a Bad Name
  by Yves Smith 1:53 am

August 8, 2018

• 2:00PM Water Cooler 8/8/2018
  by Lambert Strether 2:00 pm

• Once Its Greatest Foes, Doctors Are Embracing Single-Payer
  by Yves Smith 9:55 am

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

• Richard Murphy: Writers of Labour’s “Fiscal Rule” Lash Themselves to the Austerity Mast
  by Yves Smith 3:46 am

• Michael Hudson: Life and Thought – An Autobiography
  by Yves Smith 3:03 am

• Neoliberalism Drives Climate Breakdown, Not Human Nature
  by Yves Smith 2:19 am

August 7, 2018

• 2:00PM Water Cooler 8/7/2018
  by Lambert Strether 2:00 pm

• Worksheet for the 2018 Midterms (Clinton and Obama Endorse)
  by Lambert Strether 1:25 pm

• Links 8/7/18
  by Yves Smith 6:55 am

• Oxford Professor Phalippou: Since 2006, Private Equity Has Produced Only S&P 500 Returns While Reaping $400+ Billion in Fees
  by Yves Smith 5:52 am

• Bill Black: Pre-Crisis “4506-T Studies” Showed Massive Fraud in Liar’s Loans; Fed Ignored Warning, DoJ Refused to Target Implicated Banksters
  by Yves Smith 3:58 am

• Trump’s Illegal Economic Sanctions Against Iran Start Up
  by Yves Smith 3:13 am

August 6, 2018

• 2:00PM Water Cooler 8/6/2018
  by Lambert Strether 2:00 pm

• Court Rules that Portland Oil Terminal Ban Does Not Violate the Commerce Clause
  by Lambert Strether 9:45 am

• Links 8/6/18
  by Lambert Strether 6:55 am

• How Hedge Fund Activists Coopted “Shareholder Democracy”
  by Yves Smith 5:07 am

August 5, 2018

• Wall Street Journal Parrots SEC’s Excuses for Big Delays in Whistleblower Payouts
  by Yves Smith 7:44 pm

• CalPERS Loses Over $500 Million on Botched Timber Investment; May Have Sold at Bottom of Market
  by Yves Smith 7:30 pm

• What’s with the New York City Subway System?
  by Lambert Strether 2:25 pm

• Links 8/5/18
  by Lambert Strether 6:55 am

• For Many College Students, Hunger Can ‘Make It Hard To Focus In Class’
  by Lambert Strether 2:55 am

August 4, 2018

• Links 8/4/18
  by Yves Smith 6:55 am

• 3 Blokes In The Pub…Talk No Deal Brexit
  by Yves Smith 4:55 am

• Do Fair Trade Labels Actually Mean Anything?
  by Yves Smith 4:44 am

• Meetup in Minneapolis This Thursday, August 9
  by Yves Smith 1:01 am

August 3, 2018

• The NHS at 70: The Neoliberal Assault
  by Lambert Strether 4:25 pm

• 2:00PM Water Cooler 8/3/2018
  by Lambert Strether 2:00 pm

• Inequality and Ordinary Living Standards in Rich Countries
  by Yves Smith 9:55 am

• Links 8/3/18
  by Lambert Strether 6:55 am

• Financial Times Goes Wobbly on Brexit; Runs Front Page Stories Claiming Theresa May Charm Offensive Is Winning “Fudges” When No Such Thing Is Happening
  by Yves Smith 4:29 am

• Wolf Richter: Tesla Discloses Worst Quarterly Loss Ever, But Where Are the 17,000 Model 3 Cars it “Produced” But Didn’t “Deliver”?
  by Yves Smith 1:50 am

• Austerity Caused Brexit
  by Yves Smith 1:08 am

• Gaius Publius: There Will Be No Chinese Century
  by Yves Smith 12:11 am

August 2, 2018

• 2:00PM Water Cooler 8/2/2018
  by Lambert Strether 2:00 pm

• Millennials Are Done with US Domination of World Affairs
  by Lambert Strether 1:45 pm

• Links 8/2/18
  by Lambert Strether 6:55 am

• The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response
  by Yves Smith 3:53 am

• The Explicable Mystery of the National Debt
  by Yves Smith 3:45 am

• Los Angeles Times Slams CalPERS for Vetting Failures That Led to Exit of CFO Asubonten for Resume Misrepresentations, Doubts Whether CEO Marcie Frost Has Made Needed Changes
  by Yves Smith 3:06 am

• Mexico’s Next President Will Pour Billions Into Oil
  by Lambert Strether 1:25 am

August 1, 2018

• 2:00PM Water Cooler 8/1/2018
  by Lambert Strether 2:00 pm

• “Wait Times” and The Neoliberal Assault on Canadian Medicare
  by Lambert Strether 1:55 pm

• Links 8/1/18
  by Lambert Strether 6:55 am

• How the Dominant Business Paradigm Turns Nice People into Psychopaths
  by Lambert Strether 2:25 am

• What Hope for the Millennial Generation in Politics?
  by Yves Smith 2:20 am

• Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
  by Yves Smith 1:58 am