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The End Of Meaningful Work: A World Of Machines And Social Alienation
Submitted by Daniel Drew of Dark BidThe End of Meaningful Work: A World of Machines and Social Alienation Many activists are clamoring for a higher minimum wage. That's an admirable goal, but is that...
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Game Theory Pioneer John Nash, Wife, Killed In Taxi Crash
The world lost one of its truly beautiful minds this Saturday, when a taxi carrying John Nash, 86, and his wife of nearly 60 years, Alicia, crashed on the New Jersey Turnpike. The two were killed on...
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Oil Markets Can’t Ignore The Fundamentals Forever
Submitted by Arthur Berman via OilPrice.com,Storage withdrawals and falling rig count have been the main sources of hope that U.S. tight oil production will fall and that oil prices will rebound. That...
View ArticleFrontrunning: May 27
FIFA Raided by Swiss Authorities in 2018, 2022 World Cup Probe (BBG)Companies Send More Cash Back to Shareholders (WSJ)Time Warner Cable Deal Stirs Debt Concerns (WSJ)Qatar $200 Billion World Cup Under...
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Low Wages & Unemployment Are An Existential Crisis For Millions
Submitted by Daniel Drew via Dark-Bid.com,This post is a response to The End of Meaningful Work: A World of Machines and Social Alienation, an article I posted earlier. It is conducted in an interview...
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In Support of Ubers of the World
By Chris at www.CapitalistExploits.atRecently I read how Uber is blitzing London's black cabbies. God, it couldn't have come sooner!I spent my 20s living in London and whenever I landed up taking a...
View ArticleFrontrunning: May 28
No change in Greek debt talks after another day of spin (Reuters)G-7 Weighs In on Greece as Government Told to Be Serious (BBG)FIFA Faces Mounting Pressure From Sponsors as Visa Threatens to End Deal...
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Will A Robot Steal Your Job?
Submitted by Erico Matias Tavares of Sinclair & CoSome Thoughts on AutomationWill a robot steal your job?It turns out that the answer depends on the prevailing macroeconomic conditions much more...
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Expect The Recent Oil Rally To End Badly If OPEC Doesn’t Cut
Submitted by Arthur Berman via OilPrice.com,The U.S. rig count dropped by 10 rigs this week after only falling by 3 last week. No doubt some analysts will say that this increase is somehow important...
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The Warren Buffet Economy, Part 3: Why Its Days Are Numbered
Submitted by David Stockman via Contra Corner blog,During the last 27 years the financial system has ballooned dramatically while the US economy has slowed to a crawl—–a divergent trend that has...
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The Two Contending Visions Of World Government
Submitted by Eric Zuesse, author of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010 and of Feudalism, Fascism, Libertarianism and Economics,U.S. President Barack...
View ArticleFrontrunning: June 17
Greek central bank issues 'Grexit' warning if aid talks fail (Reuters)Kerry says 'patience wearing thin' on Syria's Assad (Reuters)Juncker accuses Athens of misleading Greek people (FT)Al Qaeda kills...
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For Luxury Car Markers, The Chinese "Cash Cow Is Dying"
It’s no secret that Chinese President Xi Jinping’s crackdown on corruption has had a rather dramatic effect on VIP gambling revenue in Macau, which has fallen for 12 consecutive months. But the pinch...
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US Rig Count Increases For First Time In 29 Weeks
After 28 consecutive weeks rig counts declines in America - despite crude production levels hitting new cycle record highs - Baker Hughes reports Total Rig Count increased 2 to 859 this week. The oil...
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Varoufakis Reveals Europe's Stunning Denial Of Greek People's Right To Vote
Subvmitted by Martin Armstrong via ArmstrongEconomics.com,Greece’s Finance Minister Yanis Varoufakis has come out and revealed the quite shocking and anti-Democratic events that took place during the...
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"Off The Grid" Indicators Suggest US Economy Not Ready For 'Liftoff'
Via ConvergEx's Nicholas Colas,You’re probably sick of hearing about Greece, so today we’ll offer up something completely different. Every quarter we review a raft of unusual and less examined...
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No End In Sight For Higher-Education Malinvestment
Submitted by Doug French via The Mises Institute,Those of us leaning in the Austrian direction see bubbles and malinvestments around every corner and assume, wrongly as it turns out, the market will...
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LTV 137% - In Unprecedented Development, Lenders Now Take Record Losses On...
This wasn't supposed to happen. With the US consumer hunkering down in 2015 and barely spending more than in the comparble period last year, the only silver lining had been auto sales driven almost...
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Ex-Im Bank Bites The Dust Today - Good Riddance To A Crony Capitalist Heist
Authored by Doug Bandow, originally posted at Forbes.com,The Export-Import Bank died last night when its charter expired. After 81 years, what is commonly known as Boeing’s Bank is headed toward...
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Crude Slides After US Oil Rig Count Rises For First Time Since December
The US oil rig count rose 12 last week - the first rise since December and biggest absolute rise since October 2014. WTI Crude is sliding on the news... pushing near a $56 handle again.*U.S. OIL RIG...
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