World Bank Financializing Development
Why having public sector development funds “leverage” private capital is a bad idea.
Read more...Category Archives: Banking industry
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)
Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.
Read more...Fed Official: Climate Change is an ‘International Market Failure’
A report from the U.S. central bank cautions that rising temperatures and extreme storms could eventually trigger a financial collapse.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Brexit: Chaos Continues as Parliament Votes Down All Brexit Options, Press Focuses on May Rather than April
The Brexit noise to signal ratio continues to be very high.
Read more...FIS and Worldpay’s Merger – Why Its “Bank in a Box” Tech Fantasy Will Go Nowhere
FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.
Read more...Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
Even by the low standards of necessity-driven bank mergers, the proposed tie up of Deutsche Bank and Commerzbank looks particularly dodgy.
Read more...TD Bank: America’s Most Inconvenient Bank
Why you should not bank at TD Bank.
Read more...India Bans Plastics Waste Imports, While Fossil Fuel Plastics Pushers in US and China Ramp Up to Party On
Kudos to India for banning plastics waste imports, to focus on solving its own waste management problem. Meanwhile, fossil fuel interests ramp up plans to produce more plastics.
Read more...The Debate Over Tactics In the Modern Left: Radical Opposition or Strategic Inclusive Engagement?
Revisiting a classic debate over the tactics for achieving political/societal change.
Read more...Deregulating Banks Fueled Speculation, Not Productive Investment
More proof that letting banks have their way is not such a good idea…at least for non-financiers.
Read more...Nomi Prins: Survival of the Richest, The March of Inequality
A look at the history of the rise in inequality in the US.
Read more...Skilling Released from Prison After A Decade of Doing Time: A Reminder of a Not So Distant Past, When the Rule of Law Applied to Corporate CEOs
Jeff Skilling, former CEO of Enron, was released Friday after doing twelve years of prison time: a reminder that corporate officers once were once prosecuted and sent to jail for corporate criminal activities.
Read more...Amazon Drops New York City Headquarters Plan in a Snit
Does the testy abandonment of its New York City “HQ2” scheme mean we’ve hit Peak Amazon?
Read more...Italy Guns For Glass-Steagall-Type Law to Break Up Banks, Cut Bailout Costs for Taxpayers
Italy pushes for some bold banking reforms….but how far can it get given the wobbly state of its banks and ECB hostility?
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