Monthly Archives: September 2014

Solar to be world’s top electricty source

The sun produces enough energy in one hour to power the world for a year. Let that settle in for a moment. The race to harness and store the sun is the race to free, clean energy for generations to … Continue reading

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Complexity and government backing abet banksters

It is impossible for regulators or anyone else to control mammoth financial conglomerates that are designed to maximize risk-taking without personal consequences to the actors involved. The answer is not more regulation, but smaller institutions that separate deposit taking utilities … Continue reading

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Warren calls for hearing on whistleblower tapes re Fed and Goldman Sachs

“Sens. Elizabeth Warren (D-Mass.) and Sherrod Brown (D-Ohio) are both calling for Congress to investigate the New York Federal Reserve Bank after recently released secret recordings show the central bank allegedly going light on firms it was supposed to regulate. … Continue reading

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Stock market headed for Minsky moment

“We’re still not wise enough to realize that our current model is a ‘Ponzi’ scheme rushing toward its inevitable ‘Minsky moment’,” Steen Jakobsen, a chief economist at Danish investment bank Saxo Bank, said in a research note on Friday. Here … Continue reading

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Cohan: “Fed exists for the benefit of Wall Street”

More honest comments about investment banking. Bloomberg Contributing Editor Bill Cohan discusses risk taking and incentives on Wall Street. Here is a direct video link.

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Must read: Preventing Economists’ Capture

Further to the glaring capture of the Fed and regulators by the large investment banks, yesterday I read a very important paper by professor Luigi Zingales documenting similar capture among finance and economic academics. The paper is long and detailed, … Continue reading

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