White House Spokesman Jay Carney’s earlier statements regarding White House knowledge of the IRS scandal failed to disclose that the President’s Chief of Staff, Denis McDonough, knew about the situation weeks before the IRS report was published adding another name to the list of people who surrounded President Obama that knew about the...
Daily Digest - May 21: Fixing the Economy First, but not Yet
Written by rgoldfarbClick here to receive the Daily Digest via e-mail.
What's the best way to pass a climate bill? Fix the economy first. (WaPo)
According to Brad Plumer, if we’re serious about climate change, we need to solve the jobs crisis first: there’s a connection between a Senator’s “green score” from the League of Conservation Voters and the unemployment rate in
...BRIEF-Halliburton sees N.America rig count up 100-150 rigs over rest of 2013
Written by Reuters: Company NewsAlabama Slamma’ – Not for Better, Far Worse… As Foreclosures we Chart.
Written by Mandelman
We seem to be having a national recovery in much of the media, but in the states themselves the numbers are refusing to cooperate. I guess if you can have a “jobless recovery,” then you can probably have a national recovery without states being involved.
According to a wonderfully dizzying article on AL.com – All Alabama, the southern state is f
...Patient readers: Yves will be returning very shortly, perhaps even before you will have read this. –lambert
Welcome to Hive City: Inside the 22ft steel tower that’s home to 5,000 bees Daily Mail
Violent Tornadoes in Oklahoma Weather Underground storify. WU commentary , Jeff Masters. Time-lapse footage near OKC . Explainer (Atlantic).
Be...
Banks Win Big as Regulators Refuse to Rein in $700 Trillion Derivatives Market
Written by Lambert StretherPaul Jay of the Real News Network interviews William R. Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Originally published at Real News Network .
More at The Real News
Here are Black’s policy recommendations:
JAY: Okay. So you
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Iceland’s post-Crisis economy: A myth or a miracle?
Written by Lambert StretherJon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics.
When the Global Crisis struck in September 2008, all eyes were on the US (Eichengreen and Baldwin 2008). Iceland, however, was the first country to really suffer. Its three major banks collapsed in the same week in October 2008, and it became the first...
Yanis Varoufakis: Monetising the… ECB: The latest insult to be added to Greece’s multiplying injuries
Written by Lambert StretherBy Yanis Varoufakis, a professor of economics at the University of Athens. Cross-posted from his blog .
Last week another installment of the cruel theatre of the absurd, also known as the ‘Greek Rescue’ (and more recently re-released as ‘Greece’s success story’), was delivered silently: Not for the first time, the bankrupt Greek state borrowed from...
Nifty Fifty. It's a phrase out of stock-market history, one familiar to most of today's investors only from history books, but an indelible memory to those who were active in the markets back in the 1960s and 1970s. They were ...
...An Interview With Hedge Fund Galtere International's Renee Haugerud
Written by Barron's Most Emailed TodayRENEE HAUGERUD'S $1 BILLION hedge-fund firm trades off global themes unfamiliar to most. One of its latest plays, for example, is "inverse stagflation." Yet the performance of her commodity-based global macro fund isn't too hard to grasp. Since 1999, the flagship Galtere International Master Fund boasts a 12.6% annualized return, net of fees,
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