EU politics
Latvia to phase out shell company accounts in banking sector
IWe are curious how the EU reacts to this, as it violates one of the EU’s Four Freedoms: The free movement of capital. Read here
Financial Institutions
Finance
Karen Rowlingson – Poor people are penalised for borrowing to make ends meet – a new alliance gives them another way
Many people on low incomes are paying dearly for access to credit. shutterstock.com Karen Rowlingson, University of Birmingham Michael Sheen has just launched the End High Cost Credit Alliance. The actor has supported various charitable […]
Finance
Prem Sikka: Carillion collapse: here’s how much corporate undertakers could make from the liquidation
First you earn millions for poorly advising or auditing a company, then you make hundreds of millions after it has gone bankrupt. The pension fund was not covered and thousands are unemployed as a result. […]
Economics
Paul De Grauwe and Yuemei Ji: Financial engineering will not stabilise an unstable euro area
If you can get through it, there are some interesting points made. Read here
Finance
The Week: How vulture capitalists ate Toys ‘R’ Us
Amazon may have contributed to the demise of Toys R Us , but the real killer was private equity Read here
Finance
The hunt for Toys R Us’ missing millions: Investigators probe a £580m loan moved to a tax haven just months before the store went bust
As usual, in the end we shall discover that this was “completely legal” and the pension fund will be left with a massive deficit. Read here
Austerity
Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World by William Mitchell and Thomas Fazi
Book review by Mathew D. Rose According to Bill Mitchell the book’s original title was “Reclaiming the Nation State”. The progressive publisher wanted the word nation removed. The term “Nation State”, claimed the publisher, was […]
Austerity
Michael Mair – Fateful (Dis)Junctures, An Update on the UK’s University Strike
The university strike in UK has seen some dramatic developments this week. In his third report (read the first here the second here) Michael Mair brings us up to date. Dr Michael Mair is a […]
Austerity
Thomas Piketty: Towards a Union in the Union
“The threat to the world today is not a trade war but a social war, conducted by means of aggressive policies of fiscal dumping which benefit the wealthiest and the most mobile.” Read here
Corruption
d@w Exclusive: Michael Hudson on Junk Economics update 2017
An excellent interview with Michael Hudson. The interview starts with Trump, but quickly moves on.