So much for the myth that the private sector is cheaper and better. The housing crisis is not a demand side problem, but a supply side, as companies seek excessive profits.
Read here
The Irish Times: Exploding Ireland’s housing crisis myths
Corruption
Branko Marcetic: A Missile Strike in Poland Shows Why Government Agencies Can’t Be the Sole Arbiters of Truth
After a Ukrainian missile mishap in Poland, misinformation blaming Russia quickly spread. The lie came from precisely the “authoritative sources” now being treated as the arbiters of truth by social media platforms. Read the article […]
Economics
Michael Pettis – How Does Excessive Debt Hurt an Economy?
How high debt levels can force an economy to bear financial distress costs Read Here Photo: Jesper Rautell Balle licensed under the Creative Commons Attribution 3.0 Unported
Finance
Reuters: KPMG hit by Hong Kong High Court in $400 million China Medical fraud
Odd, not much happens to the Big 4 accounting firms in Europe. Read here
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