What’s Crypto Good For? Corruption, Exploitation, and Billions for Insiders
As with the subprime lending crisis, crypto appears to be more of an example of predatory inclusion than enhancing financial access.
D&S BLOG
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New Head of Senate Banking Committee
And he's a beut. More change you have to see to believe. From Huffington Post: Banks' Favorite
Doug Henwood on Teddy Kennedy
From Doug Henwood's blog, LBO News. De mortuis: Teddy Kennedy and deregulation According to just about everybody, Teddy
On the Usefulness of Economics In Tough Times
This Washington Post article speaks for itself. Note that Alan Greenspan apprears to be a devotee. Needless to say, perhaps,
On the Profitability of the TARP
Two views. First, Daniel Gross. Then, Yves Smith. I'm with Smith. Even if *some* pecuniary benefit eventually accrues
One Forgotten Indicator: Restaurant Sales
Calculated Risk discusses the 23rd consecutive month of depression for restaurant sales. Restaurant sales performed heroically during the bubble, and
E-books, Content, Advertising and Hardware
Emerging relations between, and implications for big media, discussed in this Financial Times article. E-book advocates highlight content evolution By
Weekly Indicator Outlook/Monday's Indicators
First, setting the tone for market performance as the week starts is a Shanghai stockmarket loss of no less than
4 Years after Hurricane Katrina
Grand Casino, Biloxi, MS, five months after Hurricane Katrina made landfall in Mississippi. On August 29, 2005, the eye of
US Personal Consumption/GDP NOT 70% GDP
Or so Michael Mandel insists. From his Economics Unbound/World Economy Blog: Economics Unbound Get It Straight: Consumer Spending is
Elections in the Other Ueber-Exporter: Germany
Germany, too holds a general election very soon. The ruling center-right Christian Democrats, under chancellor Angela Merkel, have been expected
US Second Quarter Earnings Roundup
From the New York Times' Site: U.S. Second-Quarter Earnings Tough to Beat By REUTERS Published: August 30, 2009
Japanese Election: Ruling LDP Gets Hammered
From The New York Times: Japanese Opposition Wins Elections in Landslide By MARTIN FACKLER Published: August 30, 2009 TOKYO In