Tuesday, December 18, 2018

Toxic Philanthropy? The Spirit of Giving While Taking

Why to be leery of philanthropy, particularly when practiced by squillionaires.

2:00PM Water Cooler 12/12/2018

Today’s Water Cooler: Lighthizer on NAFTA, Biden trial balloons, Pelosi v. Trump v. Schumer, NC-09 election fraud, the Lochnerized First Amendment, consumer prices, business inflation expectations, real estate, Bitcoin, Tesla, corporate planning and climate, @Jack meditates, Fortnite

Do Climate Policies ‘Kill jobs’? An Economist on Why They Don’t Cause Massive Unemployment

Sadly, an upbeat take on what “green” policies might means for jobs greatly understates the depth of economic restructuring needed to reduce the pace of climate change.

Links 12/12/18

Yellow Fever in France

Almost everyone agrees on the analysis of what caused the yellow jacket movement: the growth of inequalities, the marginalization of certain regions and social categories, austerity and neoliberal politics. Then accounts diverge.

Wolf Richter: “Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks

Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.

Brexit: Tories Launch No Confidence Vote Against May

May looks to be hoist on her Brexit petard.

2:00PM Water Cooler 12/11/2018

Today’s Water Cooler: NAFTA, China auto tariffs, Bloomberg 2020, Beto’s donors, producer price index, small business optimism, Amazon insider scams, trucking rates, supply chain for fabric, Uber’s robot car software, AI, hoarding scooters, Gilded Age, love and money, MAD Magazine

Bill Black: Douthat’s Mendacious Meritocracy Myth

Debunking the notion of meritocracy.

Links 12/11/18

Brexit: All About May

Why May oddly matters even more than before.

France’s Macron Makes Concessions While ‘Yellow Vest’ Protests Continue

Some background on the demands the gilets jaunes are presenting to French president Macron.

The Reality Is Everything Must Change

Why we need the biggest change program in history and must deploy state-created money to mobilize resources.

2:00PM Water Cooler 12/10/2018

By Lambert Strether of Corrente. Trade “Why Trump’s trade war is pushing China to become smarter and stronger, faster” [Hellenic Shipping News]. “The final communiqués at these lovefests must usually be written beforehand for anything to be agreed. Trump is the exception. He likes one-on-ones. He is a professional deal maker in a way that […]

Senators Press for Expanded Probe of FEMA Hurricane Maria Puerto Rico Relief Efforts

Senators Warren, Sanders, Blumenthal, and Durbin, has asked the DHS IG to expand an investigation into misallocation of funds budgeted for repair of hurricane-damaged homes and profit-skimming in Puerto Rico