Quote by from San Francisco Chronicle via Reader Supported News on the Berkley OWS “The individuals who linked arms and actively resisted, that in itself is an act of violence,” UC police Capt. Margo Bennett said. “I understand that many students may not think that, but linking arms in a human chain when ordered to […]

by Linda Beale GOP wants to repeal Dodd-Frank: instead they should listen to Nassim Taleb Nassim Taleb, the author of the book on long-tail events, suggests in a Nov. 6, 2011 op-ed in the New York Times that “it is only a matter of time before private risktaking leads to another giant bailout like the […]

by Dale Coberly SOCIAL SECURITY AIN’T BROKE A Reply to Linda Beale I want to take advantage of Linda Beale’s essay “Social Security: It Ain’t Broke Unless China is too” to make some points of my own. I want to be clear at the outset that I am grateful to Linda for her essay. She […]

by Linda Beale The right’s smoke and mirrors scam about Social Security–it ain’t broke (unless China is too) We’ve noted in these postings the growing inequality between rich and the rest of us in America, and that is the appropriate backdrop against which to investigate further the right’s smoke-and-mirrors scams about tax policy and earned […]

By Rebecca Wilder European Policy Makers Don’t Understand But Markets Do So here we are: the Italian yield curve is flat at above 7%; the government institution is in question; and the ECB is using its SMP purchase program as a carrot to drive austerity implementation in and Berlusconi out. Some would argue that the […]

I believe Robert Reich points us in the right direct when he suggests in The Occupiers’ Responsive Chord: A combination of police crackdowns and bad weather are testing the young Occupy movement. But rumors of its demise are premature, to say the least. Although numbers are hard to come by, anecdotal evidence suggests the movement […]

By Linda Beale Infrastructure gamesmanship puts wealthy ahead of jobs, good bridges, and country For those who are paying attention to the House and Senate these days, it seems like a frustrating exercise.  Mostly it is one of watching the “do-nothing” Republicans find excuses for never requiring millionaires and billionaires to pay their fair share […]

Yves Smith provides a snapshot of her perception of at least public thoughts from mortgage industry conference participants. It is worth a read. Denial in the Mortgage Industrial Complex I just came back from the AmeriCatalyst conference in Austin, which was a packed two days focused on the state of the housing and securitization market. […]