Relevant and even prescient commentary on news, politics and the economy.

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Why austerity now?

Michael Hudson at New Economic Perspectives points us to the difference between the overall economy and the financial sector: When politicians let the financial sector run the show, their natural…

A Sentence Worthy of the WSJ Editorial Page

…we to explain Michael Peel’s curious declaration in “Unweaving a Tangled Web” that: …[there is a] continued prevalence of corruption around the complex, lucrative, and transnational global infrastructure industry, despite…

Terrorism Expatriation Act

…for U.S. citizens by conveniently Two key Republicans and New York Mayor Michael Bloomberg were at odds today over how far the federal government should go to withhold the legal…

No one could have predicted

…named John Paulson who has been in the news a bit lately. Andrew Lahde and Michael Burry are two others. Weisberg’s claim “not have said, “sell the AAA-rated CDOs.” Nor…

Reasons Market Share Declines

Michael Swanwick explains how a monopoly can destroy itself: Nowadays, times are much easier but a lot scammier. Last week I had to buy a new palmbook/laptop. Which, I discovered…