by Contributor • • Comments Off on Argentina Fesses Up: Price of Milk Doesn’t Lie, But Politicians Do
By Sam Pothecary, Argentina: It said the economy shrank for the first time since 2012. This is confusing to us who live here: Does that mean it had beengrowing for years of peso devaluations, soaring inflation, unemployment, strikes, rising poverty and crime?
by Electronic Frontier Foundation • • Comments Off on Stephen Colbert Brilliant Takedown of Amazon’s Ridiculous Photography Patent (Video)
By Adi Kamdar: Stephen Colbert, host of Comedy Central’s The Colbert Report, lampoons Amazon’s absurd new patent on photography in front of a white background (brief video).
by Wolf Richter • • Comments Off on Airbus CEO Calls For Currency War, Shoots Himself in Foot
Boeing got more orders in the first quarter than archrival Airbus. So at the ILA Berlin Air Show, Airbus CEO Fabrice Brégier spoke up against this ridiculous injustice. True to his Frenchness, he exhorted the ECB to do what central banks are supposed to do.
by Wolf Richter • • Comments Off on This Chart Is The Fate of Housing In America As Student Loans Bankrupt A Whole Generation
The equation might not have gone so horribly awry if each class of graduates had seen their incomes skyrocket in line with their student debt. But that’s a crummy joke in America.
by James Murray • • Comments Off on Why Fast-Food Workers Are An Endangered Species
By James Murray: 30 years ago, if you’d told me I’d go to a fast-food joint, order on a tablet, and eat a machine-made burger, I would have said, “No way.” And today?
by David Stockman • • Comments Off on The Hazardous Hunt For Carry – Why The EM Rebound Isn’t Real
The monetary plumbers keep banging money market rates to zero, thereby ignoring what the money market rate really is in a financialized, debt-ridden system: the price of hot money, the single most important price in all of capitalism.
by Wolf Richter • • Comments Off on Russia Dumping US Treasuries? But Why the Heck in Belgium?
Belgium is known for its surprises. For example, it got by amazingly well for a couple of years without a national government, to the chagrin of a lot of people. Now that tiny country with a tiny economy is suddenly piling up a mountain of US Treasuries.
