Fearless commentary on finance, economics, politics and power

Today’s Water Cooler: Castro, Harris, O’Rourke, Steyer, Warren, Democrat debates, AOC v. Pelosi, Koch Brothers, Case-Deaton, industrial production and retail sales both strong, central bankers want fiscal assistance, Amazon, Tesla, Google, Uber, fossil fuels, carbon tracker, Eric Garner, oppression

New House of Lords report laments failure to slow discarding edible fish back into the sea; Australia also tosses much of its catch.

In a 1946 classic, New York Fed chairman Beardsley Ruml explains why taxes aren’t necessary for Federal spending and argues against corporate income taxes.

Filling in the missing chapter on oceans for the Green New Deal,

Recognizing social mobility as yet another “divide and conquer” strategy.

Today’s Water Cooler: China’s economy and tariffs, Sanders and the media, Pelosi & Trump v. AOC, AOC interview, Tammany Hall, manufacturing, banking reserves, robot car hype dying down?, political scenarios for climate disaster, sand, Manhattan blackout, the public option, wage theft, Art Young

Many NGOs around the world are fighting inequality between the rich and the poor, but the bigger NGOs are unwilling to fight policies that keep rich NGOs richer.

CalPERS demonstrates its lack of interest in ethics and propriety.

Some funny-looking business with CalPERS desire to be rid of National Enquirer’s parent, American Media.

Boeing remains mired in its 737 Max mess.

Climate change litigation is increasing globally from initial US origins. These legal actions will continue to grow as the crisis accelerates.

This Real News Network interview discusses the threat of superdelegates intervening in the 2020 Democratic party convention.