Gagging in Australia

The Twitterverse and FB are alive with the sounds of Wikileaks latest release, the text of a gag order imposed on any revelation of an ongoing investigation into multinational bribery.

The case concerns allegations of multi-million dollar payments to persons with high-level political connections in AMalaysia, Vietnam and Indonesia in order to secure contracts for [...]

If You Had Told Me This Appeared on The Federalist Website….

…I would have laughed in your face. But it did:

Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits [...]

Losing Sparta

The Bitter Truth Behind the Gospel of Productivity

VQR, By Esther Kaplan, Summer 2014

When Lisa Norris was a kid in Cookeville, Tennessee, her father worked at Acme Boots, and that plant and her childhood were intertwined. One of her earliest memories is of wandering around the factory among bins of leather, breathing in the [...]

MERS Loses Major Case in Pennsylvania

Naked Capitalism, By Yves Smith, July 7

The mortgage beat has been quiet of late, but I must confess to being remiss in writing up two recent losses suffered by MERS. One of the big reasons that MERS has taken comparatively few losses in court is that it has often settled cases where it looked [...]

Trans-Pacific Partnership talks going on in Ottawa

CBC, By Kristy Kirkup, July 3

Trade officials from Canada and other Asia-Pacific nations are meeting behind closed doors in Ottawa to discuss the Trans-Pacific Partnership, a massive free-trade proposal that could create one of the world’s largest trading blocks.

The TPP currently comprises 12 countries, including Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New [...]

Stove-Piping Your Emotions

Dick Cheney has been in the news lately, entertaining us with his informed opinions about the situation in Syria and Iraq. It’s all Barack Obama’s fault. He pulled out of Iraq prematurely, destroying all the hope and promise that the Surge had produced for those unfortunate people. And now the Democracy, American-Style that Dick Cheney [...]

Harris v. Quinn: Will the Supreme Court Abolish Public Sector Unions on Monday?

Naked Capitalism, By Lambert Strether, June 29

I cruised by Scotusblog today and saw this note:

At 9:30 a.m. on Monday we expect orders from the June 27 Conference, followed by the opinions at 10:00 a.m. We will begin live-blogging at this link at approximately 9:15. The only remaining undecided cases of the Term [...]

How to become super, super wealthy

CNN, By Josh MacIntosh, June 9

Staunton,

Your mother and I are so proud that in less than a week you’ll be graduating college, and from my alma mater, no less! So this seems an opportune moment to share some thoughts about what you might look for in a career. And as luck would have [...]

Canadian Government Conditionally Approves 731-Mile Northern Gateway Tar Sands Pipeline

Climate Progress, By Katie Valentine, June 17

Canadian Prime Minister Stephen Harper conditionally approved the Northern Gateway Pipeline Tuesday, a major hurdle for the 731-mile twin pipeline system that will carry tar sands oil from Alberta to the west coast of Canada.

The approval is contingent on Enbridge meeting the 209 conditions for the pipeline [...]

Indian president lays out new economic agenda

Pranab Mukherjee tells parliament government will encourage foreign investment and engage energetically with neighbours.

Al Jazeera, June 9

India’s new government will pursue an economic reform agenda that foresees introducing a general sales tax, encouraging foreign investment and speeding approvals for major business projects, the president has told parliament.

Pranab Mukherjee also said on Monday [...]

Venezuelan Prostitutes Earn More Selling Dollars Than Sex

Bloomberg, By Anatoly Kurmanaev, June 9

The arrival of a Liberian-flagged freighter with Ukrainian, Arab and Filipino sailors spells one thing for Elena — dollars. And greenbacks are king in Venezuela, the 32-year-old prostitute says.

Within hours of hearing of the ship’s imminent arrival, she has packed her bags and is heading to the crumbling [...]

Who Is Behind the National Right to Work Committee and Its Anti-Union Crusade?

TruthOut/PRWatch, By Jay Riestenberg & Mary Bottari, June 5

As the U.S. Supreme Court’s 2014 session comes to a close, one of the major cases left for a decision is Harris vs. Quinn,which could effect millions of public sector workers in the United States.

The case originates in Illinois, where home health care workers have [...]

The nagging fear that QE itself may be causing deflation

The Telegraph, By Ambrose Evans-Pritchard, June 4

The way we are going, the whole world will end up with zero interest rates or some variant of quantitative easing before long. Such is the overwhelming power of deflation in countries with burst credit bubbles. Such too is the implication of a global savings rate that has [...]

India likely to ease restrictions for foreign online retailers in July

Reuters, By Nandita Bose & Rajesh Kumar Singh, June 4

Mumbai, New Delhi – India could allow global online retailers such as Amazon.com Inc (AMZN.O) to sell their own products as early as next month, removing restrictions that have held back competition in one of the world’s biggest, and most price-sensitive, retail markets.

The decision, [...]

The American Middle Class Is No Longer the World’s Richest

New York Times, By David Leonhardt and Kevin Quealy, April 22

The American middle class, long the most affluent in the world, has lost that distinction.

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the [...]

Users