Finance
Frances Coppola: Apple Isn’t Disrupting Banks, It Is Helping Them
The card that is “created by Apple, not a bank” is actually issued by – a bank. Read here
Financial Institutions
Austerity
David Barmes – A Reformed Appointment Process of the IMF Won’t Cut It, the Whole Institution Needs an Overhaul
The International Monetary Fund (IMF) stands for death, destruction, and repression. It does not solve problems, it pulverises them. David Barmes is carrying out Positive Money’s latest research on Escaping Growth Dependency Cross-posted from Positive […]
EU politics
Nick Shaxson – How Financialisation Worsens Britain’s Regional Divides
At the end of the day “financialisation” means wealth extraction. Nick Shaxson explains on hand of a police training centre near Glasgow in Scotland. Nick Shaxson is an Investigative Journalist and author of “Treasure Islands”. […]
Finance
Michael Roberts – Finance: Fiddling, Fetish and Fiction
Nothing has changed at the top of banking globally: big salaries, bonuses, pensions for the top executives, in return for overseeing tax scams, fraud and corruption. Michael Roberts is an Economist in the City of […]
Corruption
Juan Laborda – Sánchez in His Resistance Labyrinth: the “Cameron Effect” and the Banking Problem
It appears that Spain’s politics is determined by vested interests of the 1%, and in a moment of crisis, unfortunately once again led by the Social Democrats. Juan Laborda teaches Financial Economics at the University […]
Finance
Bloomberg: Ex-HSBC Banker Pleads Guilty in $1.8 Billion French Tax Case
The former chief executive officer of HSBC Holdings Plc’s Swiss private bank pleaded guilty to helping wealthy clients hide assets worth at least 1.6 billion euros ($1.8 billion) as French prosecutors flex their muscles to […]
Climate Crisis
David Barmes – Reflections on the State of Green Finance
Another example of why capitalism is not capable of dealing with the Climate Catastrophe, nor offer any real solutions. David Barmes is carrying out Positive Money’s latest research on Escaping Growth Dependency Cross-posted from Positive […]
Economics
Counterpunch: Michael Hudson – The Coming Savings Writedowns
An excellent article which will cause panic among German savers. It is worth reading our current article by Michael Roberts, “US Profits Revision” in conjunction with this. Michael Hudson is the author of Killing the Host (published in […]
Economics
Randall Wray – Everything You Want to Know About Modern Monetary Theory
Bard College Economics Professor L. Randall Wray explains the controversial idea that’s gaining acceptance
Economics
Stan Jourdan – Why “Helicopter Money” is the New Whatever It Takes
Seven years after Mario Draghi’s “whatever it takes” speech, the European Central Bank needs to find new ways to reaffirm its ability to act. Frankfurt should clearly commit to deploying direct transfers to citizens if […]