Amazon Prime only $72 tomorrow only, new subscribers only

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 […]

7 Keys to Understanding the Greek Elections

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 […]

Deflation Swamps Switzerland

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 […]

The Cowardice of Mortality

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

[…]

Yves Smith: Something That Changed My Perspective: Karl Polanyi’s The Great Transformation

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 […]

The Cartel: How BP Got Insider Tips Through a Secret Chat Room

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 […]

A New Jersey bid to privatize water without public votes

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 […]

LEAKED: Secret Negotiations to Let Big Brother Go Global

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 […]

Thought Experiment

You work for the only business of any substance in town. You make a nice income.

[…]

Obama hopes to enlist GOP in push for trade pact, despite Democratic resistance

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 […]

Natural gas flaring in Eagle Ford Shale already surpasses 2012 levels of waste and pollution

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 […]

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.

ProPublica, By Cezary Podkul, December 23

When the economy nosedived in 2008, it didn’t take long to find the crucial trigger. Wall Street […]

The Vanishing Male Worker: How America Fell Behind

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 […]

France Is About To Plunge Into Deflation

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 […]

Ruble Collapses, Russians Yawn

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 […]

Users