OK, I wouldn’t post this, but nymole wanted anything, so here goes… Amazon Prime Will Be $72 Tomorrow, Here’s What That Gets You Usually Amazon Prime is $99/year, but tomorrow they are having a special sale for new members only. If you don’t already have it, now’s the time. Even $72 for a year sounds […]
Huffington Post, By Pavlos Tsimas, January 22
On Sunday at 7:00 p.m. in Greece when the ballots are closing and the first exit polls are released in Berlin, Brussels, Madrid, London, Frankfurt and New York, all the political and financial decision-makers — and people who assist in making such decisions — will be staring at […]
originally posted Jan 17
Shocking! Unprecedented! Unfair! These were some of the politer adjectives used by financial experts to describe this week’s decision by the Swiss National Bank to abandon its currency peg to the euro. As is often the case with major central bank decisions involving currencies, the public finds it very hard to […]
A couple of studies floated to the surface last year in the debate about ammosexuality that I found interesting, not so much for what they concluded — we all sort of knew this stuff instinctually — but for the implicit underlying meaning when you put two and two together
Naked Capitalism, By Yves Smith, January 2
The first Christmas-New Years period for this site, in 2007, we featured a series “Something That Changed My Perspective,” which presented some things that affected how I viewed the world. The offerings included John Kay on obliquity and Michael Prowse on how income inequality was bad for the […]
Bloomberg, By Liam Vaughan, December 29
Halfway down a muddy, secluded road on marshland in suburban Essex sits Wharf Pool, a lake stocked with some of the biggest freshwater fish you will ever see.
A white sign with red lettering reads: “Private Syndicate: Strictly Members Only.” A metal gate, a barbed-wire fence and two CCTV […]
If approved by Gov. Christie, bill would give municipalities with aging pipes right to sell systems to private companies.
Al Jazeera, by Peter Moskowitz, December 29
A bill that would allow New Jersey municipalities to sell their public water utilities to private, for-profit corporations without putting the measure to voters is awaiting Gov. Chris Christie’s […]
The ugly ramifications of the Trade in Services Act (TiSA)
Wolf Street, By Don Quijones, December 25
Much has been written, at least in the alternative media, about the Trans Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), two multilateral trade treaties being negotiated between the representatives of dozens of national governments […]
You work for the only business of any substance in town. You make a nice income.
Washington Post, By David Nakamura, December 26
President Obama is preparing a major push on a vast free trade zone that seeks to enlist Republicans as partners and test his premise that Washington can still find common ground on major initiatives.
It also will test his willingness to buck his own party in pursuit of […]
AP, December 21
San Antonio — Gas flaring in the most profitable shale field in the U.S. is on pace to surpass to 2013 levels of waste and pollution in South Texas, according to a newspaper analysis of state records published Sunday.
The Eagle Ford Shale burned off more than 20 billion cubic feet of […]
New York Times, By Binyamin Appelbaum, December 11
Annapolis, MD — Frank Walsh still pays dues to the International Brotherhood of Electrical Workers, but more than four years have passed since his name was called at the union hall where the few available jobs are distributed. Mr. Walsh, his wife and two children live on […]
Business Insider, By Mike Bird, December 11
French inflation just sank to another five-year low, down at 0.4% in November, compared to the same month last year, leaving France even further away from the European Central Bank’s 2% inflation target.. Analysts were expecting a 0.5% figure.
But it’s even worse than that. France’s core inflation […]
Bloomberg View, By Leonid Bershidsky, December 9
With the ruble down 40 percent against the dollar so far this year, and down more than 14 percent in the last 30 days, one might have expected widespread economic panic among Russians. But there’s been nothing of the kind. It’s been business as usual in Moscow: no […]