Gar Alperovitz: The Rise of the New Economy Movement
As our political system sputters, a wave of innovative thinking and bold experimentation is quietly sweeping away outmoded economic models. In 'New Economic Visions', a special five-part AlterNet series edited by Economics Editor Lynn Parramore in partnership with political economist Gar Alperovitz of the Democracy Collaborative, creative thinkers come together to explore the exciting...
Obama and Schneiderman to Double Size of Non-Existent Task Force
On Sunday, roughly one thousand people from liberal community organizing group National People's Action showed up at Tim Geithner's house to ask that he investigate the banks. "Are you with the people", asked these activists. In response to this exceptionally mild pressure, the administration and New York "Attorney General" Eric Schneiderman have decided that they...
Bill Clinton’s $80 Million Payday, or Why Politicians Don’t Care That Much About Reelection
"There was a kind of inflection point during the five-year period between 1997 and 2003 — the late Clinton and/or early Bush administration — when all the rules just went away. You went from a period, a regime, where people did have at least some concern about going to jail, to a point where everything...
Earth to Dimon: Banks Don’t Have a Right to Profit
This is by Yves Smith, cross-posted from the New York Times Room for Debate...
Preventing blow-ups like the JPMorgan “hedge” that bears no resemblance to any known hedge isn’t difficult. What makes preventing it difficult is that banks that exist only by virtue of state-granted charters -- and more recently, huge transfers from the public...
In Greek Humanitarian Crisis, It Will Be Leftists Or Neo-Nazis
Matt Stoller is a fellow at the Roosevelt Institute. You can follow him on twitter at http://www.twitter.com/matthewstoller
Austerity doesn't just lead to unemployment and misery, it can also lead to the emergence of "swamp things" into positions of power. Take the situation in Greece, which until recently was a wealthy Western democracy with a relatively stable...
Philip Pilkington: Why the Germans Probably Won’t Allow Greece to Exit the Euro
By Philip Pilkington, a writer and journalist based in Dublin, Ireland. You can follow him on Twitter at @pilkingtonphil Well, there’s been a lot of talk recently about a potential Greek exit from the Eurozone. Some, like Marshall Auerback , have been calling this a lot of hot air and in seems that, in light...
Marshall Auerback: Today Germany Is the Big Loser, Not Greece
By Marshall Auerback, a hedge fund manager and portfolio strategist. Cross posted from New Economic Perspectives
Given the German electorate’s long standing aversion to “fiscal profligacy” and soft currency economics (said to lead inexorably to Weimar style hyperinflation), one wonders why on earth Germany actually acceded to a “big and broad” European Monetary Union which included...
Links 5/21/12
By lambert (Yves being on vacation).
‘Rare’ Genetic Variants Are Surprisingly Common, Life Scientists Report Science Daily
Kansas town to auction first flush of giant public toilet on eBay McClatchy
“The anatomy of the eurozone bank r...
Could the Eurozone Crisis Cause Another Lehman Moment?
Matt Stoller is a fellow at the Roosevelt Institute. You can follow him on twitter at http://www.twitter.com/matthewstoller
The Lehman Brothers bankruptcy is perceived of as the 9/11 of the financial crisis, the moment where liquidity problems that had been bubbling since late 2006 turned into a full-fledged panic and then economic collapse. The question...
How to Fix Banking
By Greg McKenna, aka Deus Forex Machina. He is the CEO of Lighthouse Securities and has spent past two decades in financial markets in a number of senior roles including Head of Currency Strategy at the NAB and Westpac. Cross posted from MacroBusiness
Lambert here. This article skilfully integrates several recent threads related to JippyMo's...
