by Joseph Joyce The BRICS and the Bretton Woods Twins The World Cup was not the only event of global significance to take place in Brazil this summer. The leaders of Brazil, Russia, India, China and South Africa met in the city of Fortaleza and announced the formation of two new financial institutions. One is […]
by New Deal democrat originally published at Bondadd blog. (Dan here) NDD takes a look at the new Russel Sage Foundation report on changes in net wealth for Americans: Two thoughts for Sunday on increasing inequality of wealth A new study by the Russell Sage Foundation on changes in wealth is yet another piece […]
by Maggie Mahar Despite extensive media coverage, there is probably much that you don’t know about the history of the border crisis—and what we can or should do in response. Too often the headlines are designed to stir passions, rather than inform. At the end of next week, Congress will leave for its five-week August […]
Big tobacco companies and the medical establishments: Today, Big Tobacco is chasing a new revenue stream: e-cigarettes. They appeal to 20-somethings-and the lack of health studies about the side effects give the old merchants of death an unhealthy horizon for false advertising and profits that come at a cost of misery. And lawsuits…but not for […]
David Zetland has a post from last year at Aguanomics that should stir some thoughts in What about Detroit. Still relevant. I have followed Detroit’s fall with interest, mostly because I am hoping that an entrepreneurial government will allow a thousand flowers to bloom in the hollowed-out city(population has dropped by 60 percent; 200,000 properties […]
Financial Times Has GDP outgrown its use? By David Pilling has an excellent beginners article on the make up and use of GDP that poses questions: Simon Kuznets, the Belarusian-American economist often credited with inventing GDP in the 1930s, had severe reservations about the concept right from the start. Coyle told me, “He did a […]
Yves Smith at Naked Capitalism adds an additional look at the ‘inversion’ process and rationale: Kenneth Thomas has been on this beat at Angry Bear. Here’s a short overview of how inversion deals work earlier this week,,, ,,, David Cay Johnston emailed me that there were errors in Forbes contributor Tim Worstall’s recent criticisms of […]
Via Economist’s View ‘California’s Job Growth Defies Predictions after Tax Increases’: This article, by David Cay Johnston, is getting a surprising number of retweets: State’s job growth defies predictions after tax increases, by David Cay Johnston, The Bee: Dire predictions about jobs being destroyed spread across California in 2012 as voters debated whether to enact […]