More Brexit Miscalculations: UK Can Have Industrial Policy Only With Hard Brexit
The UK government wants industrial policy reforms that are incompatible with EU rules. Those rules would apply save in a hard Brexit.
Read more...Category Archives: Regulations and regulators
It’s Time to Regulate the Gig Economy
Depicting the gig economy as ‘sharing favours’ creates a parallel dimension, where chores are form of leisure, with no relation to ‘work’.
Read more...The Brexit Situation is Developing Not Necessarily to the UK’s Advantage
We’ve been neglecting Brexit due to Trump going uber hawkish and the resulting barrage of news stories to sort through. And another reason is that the noise to signal ratio got even higher in the British media around the time Brexit became official. Formal progress will be virtually nil till late May. The UK and […]
Read more...Globalization and the End of the Labor Aristocracy, Part 2
How the the new international economic architecture for trade, investment, & property rights hurt workers in advanced and developing economies
Read more...Big US Banks Make Laughable Excuses for Preserving Failed Universal Bank Model
Count on the banks to keep trotting out tired excuses for their too-big-to-faill ways.
Read more...United Passenger “Removal”: A Reporting and Management Fail
The reporting on United’s aggressive removal of Dr. David Dao has been misleading and also neglected the depth of management lapses.
Read more...Wells Fargo Fake Accounts Investigation Whitewashes Glaring Risk Management Failures
Wells’ law firm Sherman & Sterling issues a tough-sounding report on the fake accounts scandal that is really a coverup for its board.
Read more...Trump’s Idea of Running Government Like a Business is Bad for Citizens
Michael Hudson gives a high level debunking of a pet Republican canard: that government should operate like a business.
Read more...Goodbye Fiduciary Rule? Department of Labor Delays Implementation Until June
Implementation is now delayed until June, yet the steps many firms have taken to comply suggest the fiduciary rule will survive in some form.
Read more...President of Richmond Fed Leaks Insider Information and Gets to Walk Free
Bill Black discusses the travesty of the kid glove treatment of former Richmond president Jeffrey Lacker in a leak of FOMC information.
Read more...Small California Towns Are Facing Off Against Oil Companies — And Winning
California towns are winning David. v. Goliath battles with oil companies.
Read more...Richmond Fed’s Jeffrey Lacker Departs Due to Leak: Defenestration as Coverup?
In a stunning development, Richmond Fed president Lacker resigned over a leak under investigation since 2012. The details are not pretty.
Read more...Italian Banks: Not Quiet on the Eastern Front
Never before have I seen the condition of a bank’s finances (in this case liquidity) described as “hemorrhagic”. Italians beware!
Read more...Why Has Italy’s Banking Crisis Gone Off the Radar?
An update on Italy’s festering bank crisis.
Read more...MIchael Hudson: The Democracy Collaborative
Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.
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