Tag: Guest Post

2:00PM Water Cooler 2/25/2020

By Lambert Strether of Corrente. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune Key dates coming fast now, so I added some counters: Here is a second counter for South Carolina, […]

Read More

3 Energy Sectors Most Threatened by the Coronavirus

Yves here. At least as of when I loaded this post, Mr. Market appeared to be trying to regroup a bit after Monday’s freakout. However, the news on the progress of the coronavirus is still not pretty. For instance, from the Financial Times: Japan has urged companies to adopt remote working, staggered shifts and online […]

Read More

Michael Hudson: The Democrats’ Quandary – In a Struggle Between Oligarchy and Democracy, Something Must Give

Yves here. Importantly, further down in this post, Hudson suggests how Sanders could address the false dichotomy between capitalism and socialism posted by Democrats aligned with the super wealthy. By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. […]

Read More

Is Bloomberg Buying the DNC? If So, What Does He Plan to Do With It?

Yves here. We are a little heavy on the “state of the DNC/Dems” posts today, but both pieces look at the escalating fight over who owns the party through a class warfare/income inequality perspective. Openly buying a party is Third World behavior (and reader in better run emerging economies will no doubt say that that’s […]

Read More

New Mexico Attorney General Sues Google Over Kiddie Privacy

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. New Mexico attorney general (AG) Hector Balderas sued Google last week for violating children’s privacy, presenting claims under the federal Children’s Online Privacy Protection Act (COPPA) and New Mexico’s Unfair Practices Act. See […]

Read More

Links 2/24/2020

With a litter of tactics, scientists work to tame cat allergies Science News. I suffer from a terrible cat allergy. Can Historic Preservation Be Saved? American Conservative Colorado River flow shrinks from climate crisis, risking ‘severe water shortages’ Guardian (furzy) The Decline of Religion May Be Slowing Religion in Public (re Silc) A Search for […]

Read More

To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits

By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmog Blog As oil prices plummet, oil bankruptcies mount, and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces many new challenges that make profits appear more elusive […]

Read More

Links 2/23/2020

WATCHING “THE CALL OF THE WILD” WITH AN AUDIENCE OF DOGS New Yorker To combat citrus greening, farmers are spraying medically important antibiotics on their trees The Counter Revealed: quarter of all tweets about climate crisis produced by bots Guardian (furzy) Sweden is now testing its digital version of cash, the e-krona MIT Technology Review […]

Read More

Legacy Admissions: John Hopkins Drops Preferences, Other Institutions Consider Changes

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Johns Hopkins University just announced that it’s abandoned the practice of legacy admissions – preferences for children and relatives of an alumnus or alumna. In fact, Johns Hopkins ended the practice in […]

Read More

Taxcast: Financial Secrecy Index: Who Are the World’s Worst Offenders?

Yves here. Hope you enjoy this month’s Taxcast! If you’d like to listen to it offline, you can download it here. Originally published at Tax Justice Network In this special extended Taxcast, Naomi Fowler takes you on a whistle-stop guided tour on an express train around the world with some of the Tax Justice Network […]

Read More

Freedom from Fossil Fuels is Good for Your Health

By James Boyce, Senior Fellow, Political Economy Research Institute at the University of Massachusetts Amherst. Originally published at the Institute for New Economic Thinking website Freeing ourselves from reliance on fossil fuels is not only good for the planet and future generations. It also saves lives here and now. That’s the message from studies of […]

Read More

How To Roast the Planet with Good Intentions: The Climate Equity Act

Yves here. This post illustrates that both good policy and good legislation are hard, particularly on complex and high-staked issues like climate change. Unfortunately, it appears that progressives’ propensity to punt on doing the work will play into the hands of the opposition. By Eric Kramer. Originally published at Angry Bear I have suggested (here […]

Read More

Why No Retired Generals Oppose America’s Forever Wars

Yves here. Even though Sjursen describes the cultural factors and institutional mechanisms that allow the US armed services to perpetuate pro-war groupthink, I’m surprised to see no mention of economic incentives. Retired generals can look forward to consulting assignments and board appointments with military contractors. Some also wind up getting lucrative speaking gigs. Having a […]

Read More

2:00PM Water Cooler 2/20/2020

By Lambert Strether of Corrente. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune Key dates coming fast now, so I added some counters: Here is a second counter for the Nevada […]

Read More

The Potential Climate Consequences of China’s Belt and Roads Initiative

Yves here. China and climate change came up in the Democratic Party debate last night, and Biden argued the US needed to constrain China’s Belt and Road Initiative due to the environmental damage it would do (stunningly, Biden called for using tariffs as the cudgel). We’ve featured some earlier discussions of the climate impact of […]

Read More

To Tackle Inequality, We Need To Start Talking About Where Wealth Comes From

Yves here. While it was refreshing to see some Democratic presidential candidates depict inequality as an important political and economic issue, it would help if they sharpened their critique of why concentrated wealth is suspect. Too much inherited money lead to the creation of dynasties. As Bloomberg is so vividly demonstrating, the rich can buy […]

Read More

Russia Is Defeating The U.S. In The Middle East Oil Game

Yves here. There’s a bit of a “dastardly Russia” undertone to this piece which undercuts the notion that the author, Simon Watkins, is engaged in reporting. But Watkins may regard this positioning as necessary. Frankly, the US has made such a mess of Iraq, and in killing Iran’s Solemani, also knocked off Iraqi general al-Muhandis, […]

Read More

Links 2/19/2020

Former inmates start forestry company after working as firefighters in prison ABC Ransomware Shuts Gas Compressor for 2 Days in Latest Attack Bloomberg Why Syriza’s Defeat Still Haunts the Left Jacobin. No point fussing about victories that were never there to be had. Brexit Britain’s row with Greece over treasures spills into Brexit tensions Reuters […]

Read More

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong

Yves here. HSBC is wobbly due significantly to real economy hits. Will we see more banks fall prey to similar shocks? By Nick Corbishley.. Originally published at Wolf Street Global banking behemoth HSBC’s net profit slumped 53% in 2019, to $5.97 billion, after the lender announced a $7.3 billion write-off to reflect weakened conditions in global […]

Read More