13 Mar 2018

Kudlow Is No Friend of Individual Investors

[sgmb id=”2″] The news today that Larry Kudlow, a CNBC TV market commentator and ex-Bear Stearns economist, may be the next White House’s National Economic Council, (succeeding Gary Cohen who resigned) is another bad omen for individual citizens and investors. Kudlow is an unabashed and unquestioning  advocate who pushes the prevailing

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10 Mar 2018

Income Inequality Getting More Scrutiny

[sgmb id=”1″] Prompted by a slight uptick in wage growth last month and the resulting volatility it caused in the equity markets, the continuing tug-of-war between containing inflation and wage growth Fed and political  policies is getting more attention, but little action. The good news is that there are more

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05 Mar 2018

The Power Battle Over the Control of Pension Assets Hits the Tipping Point

[sgmb id=”2″] It’s no secret to more astute investors and political progressives that the decades-long battle to eliminate pensions and replace them with 401(k) is all about who takes the most amount of financial risk and has the most power to influence decisions made by investment firms and corporations.  When

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02 Mar 2018

The Strange True Tale of Witchcraft, Finance and Futures Markets

[sgmb id=”2″] Artificial Intelligence, quant investing and big data all have a role in generating above-index returns, but it looks like good, old fashioned witchcraft also plays a role in some investing circles. Even more surprising, this “cosmology of investing” has things to teach Western investing professionals. The 2008 the

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23 Feb 2018

The NRA Has Become America’s Largest Hate Group

America’s right-wing hate machine moved into high gear at the Conservative Political Action Conference yesterday when a series of speakers, fueled by NRA chief Wayne LaPierre, dropped their list of the most vilified groups, people and movements in the U.S., who all stand in the way of allowing them achieve

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14 Feb 2018

Trump’s Generals Are Making a Killing in Pension Benefits

[sgmb id=”2″] Military generals in the Trump White house are making a killing, at least in terms of their pension benefits and salaries. Trump thinks that generals and other senior military officers are great at organizing chaotic situations or instilling discipline into errant civilians and others with minimal workplace experience.

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12 Feb 2018

Financial Reporters Missed the Role of Neoliberal Bias in Recent Market Volatility Reporting

[sgmb id=”2″] The stock market’s recent spike in extreme volatility produced reams of good explanations about its fundamental and technical causes, but it failed to address the permanent fundamental conflict that underlies the volatility: the possible shift in political-economic power between and the deep-rooted conflict between business and labor, Wall

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09 Oct 2017

Trump and Putin Want to Make Bribery Great Again

[sgmb id=”2″] One of the less visible goals of the Trump administration is that it wants to allow American corporations to bribe foreign governments to win business. Trump expressed this goal in a discussion with Secretary of State Rex Tillerson, as reported in the New Yorker. Tillerson, the former head

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01 Oct 2017

New Benefit Offering Could Make Employees Indentured Servants

[sgmb id=”2″] If you are sorry about your meager 4% annual raise or if you did not receive anything at all, you can take heart: Now, there is a new employee benefit being offered to make it easier to borrow from your own future wages. Just like the poorly-regarded pay-day

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29 Sep 2017

Give the Colony a Break: Puerto Rico’s Devastating Disaster Story

[sgmb id=”2″] The poor disaster relief response to Puerto Rico has rightfully attracted national attention, but the many explanations about the failures to alleviate the suffering fail to address the main reason: Puerto Rico is a colony. This means the island, now classified as a commonwealth, is free to be

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