Bill Black discusses Feacebook’s new proposed crypto-currency, called “Libra.” Facebook could use this technology to standardize identity and create a world of ultimate surveillance, and then profit from it.
Recent Items
Saturday, October 5, 2024
Bill Black: Facebook’s Libra Currency Monetizes Identity and Threatens Privacy
Topics: Currencies, Guest Post, Ridiculously obvious scams
Posted by Lambert Strether at 5:55 am | 15 Comments »
Deutsche Bank Throws in the Towel, Announces Restructuring into Bad Bank/Good Bank, Firing of 18,000
The beginning of an end for Deutsche Bank.
Topics: Banking industry, Derivatives, Doomsday scenarios, Europe, Regulations and regulators
Posted by Yves Smith at 2:53 am | 55 Comments »
The Myth of Expansionary Austerity
If you hold mainstream economic views, it was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Macroeconomic policy, The dismal science
Posted by Yves Smith at 2:28 am | 12 Comments »
Reforestation as a Solution for Carbon Capture: Hype and Reality
Advocates for reforestation must consider who owns the land to be reforested, and how the reforestation is to be done.
Topics: Environment, Global warming, Globalization, Guest Post, Private equity, Privatization, Real estate
Posted by Lambert Strether at 2:55 pm | 81 Comments »
Links 7/7/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 171 Comments »
Philadelphia Explosion One in String of ‘Near Miss’ Accidents at Refineries Using Deadly Chemical
Accounts emerging from workers and others on site paint a troubling picture of how close to disaster Philadelphia may have come.
Topics: Energy markets, Environment, Global warming, Guest Post, Infrastructure
Posted by Lambert Strether at 5:55 am | 41 Comments »
Links 7/6/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 155 Comments »
Kip Sullivan on Why the Bernie Sanders Bill Is Not Single Payer
Jon Gruber’s shabby legacy lives on.
Topics: Guest Post, Health care, Politics
Posted by Lambert Strether at 2:55 am | 63 Comments »
Should We Tax Wealth?
Kicking the tires of a wealth tax.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Income disparity, Politics, Taxes
Posted by Yves Smith at 12:29 am | 66 Comments »
2:00PM Water Cooler 7/5/2019
Today’s Water Cooler: Open Thread
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 74 Comments »
Farewell, Flat World
A new world is emerging, in which it will be much harder to separate economics from geopolitics
Topics: Globalization, Guest Post
Posted by Lambert Strether at 10:55 am | 30 Comments »
The Global Capital Flows Cycle and Its Drivers: Not Only a US Monetary Policy Story
Financial shocks matter more than US monetary policy. Domestic policies may still mitigate the cycle of global capital flows at the country level.
Topics: Banking industry, Federal Reserve, Guest Post, Macroeconomic policy
Posted by Lambert Strether at 9:55 am | 9 Comments »
Links 7/5/19
Topics: Links
Posted by Yves Smith at 6:55 am | 134 Comments »
Ilargi: Memo to the US – The Winds Are Shifting
Why the US looks like it has a glass jaw.
Topics: Banana republic, China, Doomsday scenarios, Globalization, Guest Post, Middle East, Russia
Posted by Yves Smith at 1:37 am | 66 Comments »
I Think, Therefore I Know: San Francisco Edition
The weird new normal of who gets to say they know better.
Topics: Guest Post, Social values
Posted by Yves Smith at 1:26 am | 165 Comments »