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Not Much Better Than Bush

Truthout - Fri, 07/25/2014 - 10:28

Not Much Better Than Bush

Truthout - Fri, 07/25/2014 - 10:28

Wine, Not Gas! New York Residents Fight Gas Storage at Lake Seneca

Truthout - Fri, 07/25/2014 - 10:18

Lake Seneca in Geneva, New York (Photo: Pak Gwei, Hazard sign; Edited: EL / TO)

A company's five-year-long drive to store massive quantities of fracked gas in abandoned salt caverns, prone to collapse, under scenic Seneca Lake - home to New York state's premier vineyards - is nearing conclusion, with the final decision up to Gov. Andrew Cuomo.

India's Great Invisible Workforce

Truthout - Fri, 07/25/2014 - 09:52

India's Great Invisible Workforce

Truthout - Fri, 07/25/2014 - 09:52

Blame

Truthout - Fri, 07/25/2014 - 09:08

Hobby Lobby

Truthout - Fri, 07/25/2014 - 09:05

Hobby Lobby

Truthout - Fri, 07/25/2014 - 09:05

Links 7/25/14

Naked Capitalism - Fri, 07/25/2014 - 06:55
Categories: political economy

Banks Scapegoat Regulations for More Costly Loans Post Crisis

Naked Capitalism - Fri, 07/25/2014 - 05:25
Banks and their allies have been using every opportunity possible to blame regulations for changes in their business models after the crisis, particular if they can make it sound like the broader public, as opposed to their bottom lines, is what is suffering. Normally this messaging effort stays at the background noise level, but sometimes the lobbyists succeed in getting their message treated as a story in its own right. A recent example is a Financial Times story early this week...
Categories: political economy

Administration Plans Orwellian Statistics Fudge to Make Offshored Production Look Like US Made

Naked Capitalism - Fri, 07/25/2014 - 04:23
The Administration wants to reclassify US firms that send production offshore as “factoryless goods” producers, meaning manufacturers.
Categories: political economy

Peter Van Buren: Drone-Killing the Fifth Amendment

Naked Capitalism - Fri, 07/25/2014 - 03:37
Yves here. This post on the Administration's efforts to justify its official policy of murder by drone shows how due process is dead in America. That may seem a bit far afield of Naked Capitalism's beat. But the systematic assault on the Constitution is another, even more troubling, manifestation of what we see operating in the financial sphere: that hard-won protections for ordinary citizens are being stripped away, so that those who have access to resources (whether via personal wealth or institutional authority) can operate unfettered, to increase their power and ability to plunder even more.
Categories: political economy

Philip Pilkington: Krugman Redux – Financial Markets in Keynesian Macroeconomic Theory 101

Naked Capitalism - Fri, 07/25/2014 - 02:18
Yesterday when I published my post on Krugman and the vulgar Keynesians not understanding the meaning to the term ‘liquidity trap’ I came to realise that many readers — both sympathetic and hostile — do not really understand the Keynesian theory of financial markets. I then realised that this was actually quite understandable given that it is not much discussed today (with some notable exceptions such as Jan Kregel and Minskyians like Randall Wray).
Categories: political economy

Wolf Richter: Is the IPO Bubble About to Burst? Banana Republic Trots Out ‘Startup Guy’ Look

Naked Capitalism - Fri, 07/25/2014 - 00:55
Banana Republic thinks there's enough exuberance left out there to sell this "Startup Guy" look to millions of non-startup guys. That's rather a lot of exuberance.
Categories: political economy
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by Dr. Radut