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Created
Thu, 14/09/2023 - 19:10

Invited and chaired by Patrick Lovell (director of The Con), in this video Bill Black and I discuss financial corruption in the USA and the EU. Bill Black needs no introduction. As a lawyer he filed over 1700 indictments for financial corruption in the US, from the S&L scandal to this day. He was also the […]

The post Bill Black and Yanis Varoufakis discussing corruption in finance – video appeared first on Yanis Varoufakis.

Created
Thu, 14/09/2023 - 18:53

Inglorious procrastination is one of the European Union’s standard responses to major crises. This is not merely due to the difficulty of getting twenty-seven Prime Ministers and Presidents to agree. It is also because of their motivated tendency to ask themselves the wrong questions, thus heading slowly but inexorably to self-harming policy solutions. After the […]

The post Why can’t the EU power ahead with green subsidies like Biden’s? It isn’t just political procrastination – THE GUARDIAN appeared first on Yanis Varoufakis.

Created
Thu, 14/09/2023 - 18:39
Modularity is the mark of a type of independence from context. The same functional relationship between variables will hold in a given component of the contributing mechanisms whether or not there is a change in a different component. The total effect may change when different components contribute, but the operation of the modular mechanism will […]
Created
Thu, 14/09/2023 - 18:00
Yuliya Baranova, Eleanor Holbrook, David MacDonald, William Rawstorne, Nicholas Vause and Georgia Waddington The functioning of major government bond and related repo markets has deteriorated on several occasions in recent years as trading demand has overwhelmed dealers’ intermediation capacity. Seeking a remedy, Duffie (2020) proposes a study of the costs and benefits of a clearing … Continue reading Central clearing and the functioning of government bond markets
Created
Thu, 14/09/2023 - 12:56
Today, the Australian Bureau of Statistics released the latest – Labour Force, Australia – for August 2023 today (September 14, 2023). Employment growth was strong in August and kept pace with the underlying population growth and the participation rise so that unemployment remained steady. The weaker result in July was probably mostly reflecting the rotation…
Created
Thu, 14/09/2023 - 09:30
In the Romney excerpt @mckaycoppins Paul Ryan, already out as speaker, calls Romney and lobbies him not to vote to convict Trump in 1st impeachment trial — for all the self serving cynical reasons that you might imagine. https://t.co/Kl8qwjpbTX — Susan Glasser (@sbg1) September 13, 2023 Yep: Shortly before 2 p.m. on the day of the vote, Romney left his office and walked to the Capitol, where he waited in his hideaway for his turn to speak. Minutes before going on the floor, he received an un­expected call on his cellphone. It was Paul Ryan. Romney and his team had kept a tight lid on how he planned to vote, but somehow his former running mate had gotten word that he was about to detonate his political career. Romney had been less judgmental of Ryan’s acquiescence to Trump than he’d been of most other Republicans’. He believed Ryan was a sincere guy who’d simply misjudged Trump. And yet, here was Ryan on the phone, making the same arguments Romney had heard from some of his more calculating colleagues.