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Corbynomics 101—It’s the Deficit, Stupid!

By Scott Fullwiler

As anyone who’s followed the discussion has seen, the proposal from the newly-elected leader of the British Labor Party, Jeremy Corbyn, to implement “People’s Quantitative Easing” or PQE, has created a lot of controversy (Richard Murphy’s blog is a...

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Credit Rating Agencies and Brazil: Why The S&P’s Rating About Brazil Sovereign Debt Is Nonsense

Felipe Rezende

So S&P has downgraded Brazil’s rating on long-term foreign currency debt to junk and lowered its long-term local currency sovereign credit rating to ‘BBB-‘ from ‘BBB+’.

First, what are sovereign...

Friday, 11 September 2015 |

Now the DOJ Admits They Got it Wrong

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Now the DOJ Admits They Got it Wrong

William K. Black

September 10, 2015

By issuing its new memorandum the Justice Department is tacitly admitting that its experiment in refusing to prosecute the senior bankers that led the fraud epidemics that caused our economic crisis failed. The result was the death of accountability, of justice, and of...

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Despite some buzz about his proposals to raise taxes on hedge fund managers and to lower deductions, Jeb Bush’s tax plan is just another iteration of the same tired trickle-down policies conservatives have been pushing for decades. As our colleague Mike Konczal points out, removing the carried interest loophole is a good idea, but it matters a lot...

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When production does finally collapse, that will set up the "nobody saw this coming" ramp in the price of oil.
In May 2008 I proposed the Oil "Head-Fake" Scenario  in which global recession pushes oil demand down as oil exporters pump their maximum production in a futile attempt to fund their vast welfare states and thus retain their...
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Join the property millionaires around the capital's underground stations - but how much will Knightsbridge set you back versus Wimbledon Park?...
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Come on, America. We could better and should do better.
I am not an unbiased observer of the Syrian refugee crisis, for we have a Syrian friend.  She is a young woman, with legal residency in the U.S. She is completing her university studies in computer science. Her uncle served honorably in the U.S. Army for many years in theater (Iraq) and...
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Property prices may be a national obsession but new findings from UK's national happiness index suggest that it is not the route to happiness - even if other types of wealth are...
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What China will be left with a poisoned land stripped of talent and capital.
Corruption isn't just bribes and influence-peddling: it's  protecting the privileges of the few at the expense of the many.  Rampant pollution is corruption writ large:  the profits of the polluters are being protected at the expense of the millions being...
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As of today, nearly three thousand low-income women in Texas will need to find a new place to get their breast and cervical cancer screenings, thanks to a decision by lawmakers to oust Planned Parenthood from the program that subsidized care for uninsured women. The new rule is just the latest reminder that reproductive health services that were...

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