The article assesses the information as yet made available about Libra, including the implications for its exchangeability, scalability, privacy, and security. It is clear the design of the currency is yet to be finished, and many questions remain about its governance and structure.
Recent Items
Monday, July 22, 2024
Libra: The Known Unknowns and Unknown Unknowns
Topics: Currencies, Free markets and their discontents, Infrastructure, Payment system
Posted by Lambert Strether at 6:45 am | 20 Comments »
Brexit: Focusing the Mind
What does Johnson’s Brexit gambit portend?
Topics: Brexit, Doomsday scenarios, Europe, Legal, Politics, UK
Posted by Yves Smith at 12:50 am | 172 Comments »
The Sacrificial Rites of Capitalism We Don’t Talk About
How capitalism’s dominant narrative, that of self-interested competition, is at odds with other themes, like deferred gratification and sacrifice.
Topics: Free markets and their discontents, Guest Post, Social values, The dismal science
Posted by Yves Smith at 12:41 am | 32 Comments »
2:00PM Water Cooler 8/28/2019
Today’s Water Cooler: Biden, Warren, Stacey Abrams, business uncertainty, investor confidence, Facebook and gambling addiction, micro-lending, Boeing 737 MAX, asteroid Ryugu, Rosa Parks Barbie, Popeyes workers, Blackjewel workers, dark markets, Sumerian
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 155 Comments »
Judge Issues $572 Million Verdict Against J & J in Oklahoma Opioids Trial: Settlements to Follow?
Judge issues $572 million verdict in J&J opioids trial. Some settlements of multiple pending lawsuits will likely follow.
Topics: Guest Post, Health care, Income disparity, Legal, Politics, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 9:55 am | 17 Comments »
Links 8/28/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 276 Comments »
Trump Transition: Emoluments Clause Ain’t Kryptonite
The emoluments clause isn’t some form of anti-Trump kryptonite. Eyes on the 2020 prize please.
Topics: Guest Post, Legal, Politics
Posted by Jerri-Lynn Scofield at 6:50 am | 33 Comments »
Newark’s Water Crisis is One of Thousands That Are Worse Than Flint’s
This RNN interview with Charles Jackson addresses lead poisoning: a public health emergency in poor working class communities across the United States.
Topics: Guest Post
Posted by Jerri-Lynn Scofield at 1:55 am | 11 Comments »
Flood the Market
Buyouts can save Houston’s flood-soaked homeowners — if they can get one. Instead, ordinary homeowners fail to qualify, and real estate speculators make out.
Topics: Banana republic, Environment, Global warming, Guest Post, Real estate, Regulations and regulators, Ridiculously obvious scams
Posted by Jerri-Lynn Scofield at 12:25 am | 16 Comments »
2:00PM Water Cooler 8/27/2019
Today’s Water Cooler: New polling aggregator, Biden, Gillibrand, Harris, Sanders, Warren, consumer confidence, manufacturing, housing, network outages, Boeing, Huawei, Ford, Tesla, brain parasites, boreal carbon, Medieval peasants, Campbell awards, Walter Benjamin, Nancy
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 125 Comments »
Robocalls: Your Number, Please
The players change, but the game remains the same: telephone companies agree to empty agreement intended to combat robocalls.
Topics: Banana republic, Guest Post, Legal, Politics, Regulations and regulators, Surveillance state, Technology and innovation
Posted by Jerri-Lynn Scofield at 1:55 pm | 57 Comments »
Links 8/27/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 164 Comments »
Brexit: Sound and Fury
Even though not much looks to have changed with Brexit, the mere running down of the clock does make a difference.
Topics: Brexit, Doomsday scenarios, Europe, Politics, UK
Posted by Yves Smith at 4:45 am | 77 Comments »
Bernie Sanders’ GND Plan Will Nationalize Power Generation in the U.S.
Sanders presents an ambitious plan.
Topics: Doomsday scenarios, Environment, Free markets and their discontents, Global warming, Guest Post, Politics, Social policy
Posted by Yves Smith at 4:37 am | 68 Comments »
A National Public School ‘Leadership’ Disaster: Private Firms Vetting Candidates for Superintendent
How search firms engaged to find and vet candidates for public school superintendent regularly endorse individuals who have fabricated credentials and skeltons in their closets.
Topics: Banana republic, Free markets and their discontents, Guest Post, Ridiculously obvious scams, Social policy
Posted by Yves Smith at 12:02 am | 15 Comments »