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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Climate Disobedience
Nice piece by Mark Engler at TomDispatch.com. They gave a nice introduction to the article, too, and they'
Monbiot on Fighting the Superstores
Tragic stuff. From The Guardian: My town is menaced by a superstore. So why are we not free to fight
Delasantellis on Foreclosed Home Sales
The Asia Times columnist sees a new breed of buyer--one that will buy-to-rent, and be financed by, of all things,
China's Wages "Miracle"
We've noted the dodgy nature of China's statistics before on this blog. But never regarding wages,
They Haven't Gone Away Yet...
And there's a commercial lending bust just round the corner that might deplete the capital the banks have
Bad News for Jobseekers: Productivity Surges
With its biggest quarterly gain in six years. But here's the dirty little secret: "According to the
G.D.P. R.I.P. (NYT)
Nice op-ed in yesterday's New York Times; hat-tip to J.B.: IF there's a silver lining
Corporate Treasurers Continue To Hoard
Fearing another credit crunch. From Bloomberg: Treasurer Fear of Credit Freeze Seen in Cash Hoarding Update 2 By Bryan Keogh
Quote of the day
From Paul Krugman's blog: ... And just as an illustration: a number of people have pointed this out, but
Bank Overdraft Fees To Hit $38.5 bn This Year
With the brunt of the burden on the poorest. Thankfully the banks are doing this for our own good, because
Economic Indicators To Watch This Week
Tomorrow, Tuesday (and Wednesday as well), the Federal Open Market Committee meets. There is 0 chance that it will move
A Note on Friday's Employment Report
Friday's employment report from the Bureau of Labor Statistics, which showed the official unemployment rate decreasing for the