Chile’s Recent Lead Negotiator on Trans-Pacific Partnership Warns It Could Be a “Threat to Our Countries”
Written by Yves SmithAn important article in the Latin American press peculiarly has not gotten the attention it deserves. Or perhaps not so peculiarly, given the Obama administration’s intention to keep the Trans-Pacific Partnership negotiations as far out of the public eye as possible.
An overview of the TPP from a post earlier this month :
….the
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Scientists Finally Pinpoint the Pathogen That Caused the Irish Potato Famine Smithsonian. Caused?
Origins of Human Culture Linked to Rapid Climate Change Science Daily
Why Aren’t There More Storm Cellars in Oklahoma? The Atlantic
The Four Charts That Really Matter Arctic Sea Ice Blog (SW)
C.P. Chandrasekhar and Jayati Ghosh: The Great Jobs Disaster
Written by David DayenBy C.P. Chandrasekhar, Professor of Economics, Jawaharlal Nehru University, New Delhi and Jayati Ghosh, Professor of Economics and Chairperson at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi. Cross posted from Triple Crisis
In the desperate search for evidence that the global recession has bottomed out and...
Pettis: Excess German Savings, not Thrift, Caused the European Crisis
Written by Lambert StretherBy Michael Pettis. Cross posted from Michael Pettis’ China Financial Markets
One of the reasons that it is been so hard for a lot of analysts, even trained economists, to understand the imbalances that were at the root of the current crisis is that we too easily confuse national savings with household savings. By coincidence there was...
David Dayen: The Uprising of the Second Tier in a Time of Late Capitalism
Written by David DayenBy David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen
The past several years have demonstrated the obvious point that inequality and depression will combine to produce flares of mass social unrest. You see this in Europe and the Middle East, where rising food prices had as much to do with...
Is Jamie Dimon Really Out of the Woods With Shareholder Thumbs Down on Splitting CEO/Chairman Roles??
Written by Yves SmithThere’s a surprising degree of blogosphere acceptance of JP Morgan’s messaging on the shareholder vote today regarding whether to split the CEO and Chairman roles, that this result was a vote of confidence in his prowess as CEO.
Yet New York Magazine described the extent to which Dimon had to call in the big guns like Warren Buffett,...
Non-exempt Exempt IRAs and Undercompensated Chapter 7 Trustees
Written by Bob LawlessSome chapter 7 trustees have found a problem that could affect thousands of IRAs, leading to the first post in a two-post series on unintended consequences. A better reading of the law is that these IRAs should remain exempt from the bankruptcy process. Cases are wending their way through the court system, and until the courts resolve the issues,
Alabama 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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