Here are articles, blog-posts, podcasts, and other material recently released about issues near and dear to us.
From Week of March 10- March 16
1. The Spirit Level authors Richard Wilkinson and Kate Pickett look-back (in this article in the Guardian) at the success of their book on the social maladies accompanying inequality, and describe the growing body of confirming and expanding studies that have followed it.
2. Not brilliant, not unprecedented, but well written — and out of nowhere — comment, titled Passive revolution in play once again, to an Ohio newspaper on the perniciousness of unquestioned mainstream ideology.
3. Credit Suisse Documents Point to Mortgage Lapses
A newly released trove of internal emails and documents, mostly from 2006 and 2007, paint a troubling picture of how Credit Suisse operated as the housing bubble inflated.
4. After Big Bet, Hedge Fund Pulls the Levers of Power
The activist hedge fund manager William A. Ackman bet a billion dollars on the collapse of the nutritional supplement company Herbalife, then launched an extraordinary campaign to hasten that development.
From Week of March 3 – March 9
1. In The Stone That Brings Down Goliath, Ellen H Brown, the prophetess of all things public banking, comes out swinging in favor of Richmond CA’s plan to use eminent domain to write down some under-water mortgages. She is, as always, very thorough and persuasive.
2. Suffering? Well you Deserve it, is a great article by Chris Hedges in Truth out which covers so many of our points about neoliberal ethics, poverty, and true compassion … he is practically writing our planned next book. He had another shorter post on Ad Busters this week, titled the Cult of Self, on the theme of self obsessed morality and its link to finance.
3. The BBC’s In Our Time coincidentally had a podcast episode two weeks ago on Social Darwinism, a subject we plan to investigate in the Ethics, Poverty and Finance project as part of the sordid tale of theories justifying elitist ethics.
4. Thomas Greco is one of the foremost advocates and writers on the subject of complimentary currencies. He has a relatively short and entertaining blog-post titled Money, debt and the end of the growth imperative, about the “cancer” of expanding debt and the benefits of non-debt based currencies.
5. FAIR GAME: Break Up the Bank? It’s Not for You to Ask
JPMorgan Chase is trying to stop a shareholder’s proposal from going to a vote at its annual meeting.
6 . OPINIONATOR | THE GREAT DIVIDE: College, the Great Unleveler
Is higher education actually making inequality worse?
7. DEALBOOK: Citigroup Says Mexican Subsidiary Was Defrauded of as Much as $400 Million
8. ECONOMIC VIEW: In Search of a Stable Electronic Currency
Bitcoin has fluctuated wildly in value, but it could indirectly point the way toward a system of better pricing and risk management.
9. ECONOMIST: Trusting the ‘Sharing Economy’ to Regulate Itself
Rather than challenging new forms of peer-to-peer commerce, like Airbnb or Uber, government should foster the kind of self-regulation that prevails in many established industries and professions, an economist writes.
10. High-Interest Web Banks on the Rise in China
The sector’s growth is intensifying competition for deposits and putting pressure on state-run banks, which are struggling with a severe cash squeeze.
11. DEALBOOK: Market and Rates Helped Private Equity Chiefs Thrive Last Year
Lucrative payouts were helped greatly by the combination of low interest rates and high stock prices, which was ideal for selling investments.
12. Picking Up the Pace at the S.E.C.
The Securities and Exchange Commission needs to pick up the pace of its overhaul of regulation of the biggest banks, an economist writes.
13. In Banking Overhaul Fight, a Ruckus Over an Obscure Product
The banking industry has been making loud noises about the regulation of collateralized loan obligations, a little-known but risky financial product.
14. DEALBOOK: Senate Panel Considers 3 Futures Commission Nominees
The confirmation process comes at an important time for the Commodity Futures Trading Commission. The 2010 Dodd-Frank financial overhaul law expanded the agency’s supervisory powers over derivatives and complex financial instruments, many of which helped to accelerate the financial crisis.
15. Pitfalls Seen in a Turn to Privately Run Long-Term Care
New York is one of at least 26 states rolling out managed long-term-care programs under Medicaid, but the widely praised version in Tennessee has had problems.
16. The Significance of the Minimum Wage for Women and Families
Working women and their families bear the brunt of a low minimum wage, an economist writes.
17. Debunking Ryan’s poverty trap myth. Good facts and figures here for our study of poverty and poverty traps.