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.
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Obama's Neoliberal and Elitist Educational Policy
From Danny Weil, who's writing a book on elite-led educational reform, at Counterpunch. Not to disrespect the dead,
On Shrinking the City
Two FT pieces today on regulating international finance. The first covers some rather remarkable statements by the head of Britain&
FDIC Bled by Bank Losses, Sets P.E. Rules
First, the NYT on the scary FDIC banking report. As the article notes, the warnings about large numbers of banks
Thursday's Indicators
Weekly new jobless claims in the US fell 15,000 to 565,000, and continuing claims dropped by 80,000
German Consumption: Can't Win for Losing
Germany has long been castigated for its relatively restrained consumer spending habits (though it's definitely a thoroughly consumerist
Quantitative Easing Fails To Get Banks To Lend
Analysis from FT Alphaville. Here are the main ideas: The Deputy Governor's remarks on 'quantitative easing'
Israel/Palestine: "Breakthrough" Imminent?
Two UK broadsheet dailies seem to be saying so: From The Guardian From The Independent
Wednesday's Recommended Reading
On China's stimulus, by a (sort-of) insider. Interesting how the author faces up to some serious problems, but
Labor Leader To Head New York Fed
Yves Smith thinks it's a gimmick, but one that may have some unexpected consequences. Tuesday, August 25, 2009
Today's Indicators
US new home sales increased almost 10% more than forecasted in July, and, perhaps more important, unsold inventories dropped to
Fed Ordered To Disclose Emergency Loan Details
From Bloomberg (the plaintiff, no less): Court Orders Federal Reserve to Disclose Emergency Loan Details By Mark Pittman Aug. 25
Changed Relation between Intellectuals and Poor
Interesting Guardian piece by David Edgar, formerly of Marxism Today: In the new revolution, progressives fight against, not with, the