Banks continue to provide financing to fossil fuel firms that the bond market would not finance as long as they do not price the risk of stranded assets. In this setting, stranded assets risks may have shifted to large banks.
Read more...Foreclosure suits from the financial crisis era get a new life thanks to a ruling by a conflicted New York judge.
Read more...Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.
Read more...Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.
Read more...The example of New York City shows that the rich are continuing to pull ahead during the Covid respite.
Read more...While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.
Read more...How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.
Read more...The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.
Read more...Corporate debt levels are up due to Covid. Some will businesses will not make it. Restructuring sooner is better for everyone than later.
Read more...How New York City taxi drivers won a rare and much needed debt restructuring.
Read more...Jayapal is “letting the president” handle Manchin after he says he won’t budge on the reconciliation package.
Read more...Sudden policy reversals could lead to severe downturns in financial markets and significantly damage public sector balance sheets.
Read more...Famed short-seller Jim Chanos is more concerned with political fallout from China’s Evergrande than economic/financial woes.
Read more...Corporations funnel significant funds to anti-reform police foundations, while publicly supporting PR campaigns for police reform.
Read more...Thanks to poor drafting and a lack of enforcement, anti-secrecy legislation intended to make it clearer who owns UK companies isn’t working
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