Category Archives: Uncategorized

Latest Book Honoring Professor Fred Lee

fleeAdvancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee

Edited by Tae-Hee Jo and Zdravka Todorova
Series in the Routledge Advances in Heterodox Economics ISBN: 978-0-415-73031-0 (hardback), 358 pages, $160. August 2015, Routledge. (20% Discount code: FLR40)

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More on the DOJ’s Prosecution Policy

William D. Cohan in the later part of his post “Justice Dept. Shift on White-Collar Crime Is Long Overdue” over at NYT extensively presents and supports NEP’s Bill Black’s views from Bill’s recent post “Now the DOJ Admits They Got it Wrong“.

Ahead of their time?

Julie Verhage and Alex Balogh have published a piece over at Bloomberg about 9 people who saw the Greek Crisis many years before everyone else did. Several names you will recognize from NEP. Three are from UMKC plus Warren Mosler. They warned about the euro system and crises like Greece. You can read the article here.



MINDS Conference in Sao Paulo, Brazil

Rio de Janeiro- RJ. On July 24, the Multidisciplinary Institute for Development and Strategies (MINDS) will gather top policymakers, economists, and analysts at the FORD-MINDS Conference on Banking, Financial Instability, and Financial Governance in Brazil to discuss the structure of Brazil’s financial system to ensure stability for a growing and equitable economy. The conference, is being organized by MINDS with support from the Ford Foundation, and will take place on Friday, July 24, at the Fundação Getulio Vargas (FGV/EESP), Rua Itapeva 474, in São Paulo. Conference details are below.

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President Obama Fateful Error in Making Bush’s Goldman Sachs/AIG Scandal His Scandal

By William K. Black
Quito: June 3, 2015

We have known from the beginning that Lanny Breuer, who the Obama administration chose as its head of the Criminal Division in order to ensure that there would be no prosecutions of the banksters that led, and were enriched by the fraud epidemics that drove the crisis, would be a national embarrassment. Readers may recall that Breuer publicly admitted that what caused him to lose sleep was not the world’s most destructive fraud epidemics that ruined our economy or his grant of effective immunity to the banksters who led and became wealthy through those frauds. He lost sleep solely over his fear that if he held them accountable for the frauds that had bankrupted their corrupt banks those banks might be placed in receivership and honest managers appointed. (Of course, that isn’t how he phrased it, but that is what he was actually saying.)

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Get Ready to Call ‘Em Out On the TPP!

So, on May 22, the Trade Promotion Authority (TPA) (“Fast Track”) Bill passed the Senate 62 – 37, with 14 Democrats defecting to the pro-Fast TracK/Trade-Pacific Partnership (TPP) forces. However, all was not wine and roses for the Administration and Fast Track/TPP proponents in the Senate.

First, the pro-TPP forces sustained a temporary defeat on May 12, when the Senate would not approve debating Fast Track, introducing delay into the process. The problem was quickly fixed with agreements to consider and vote on related issues such as Trade Adjustment Assistance, forced child labor, and currency manipulation outside of Fast Track. But nevertheless the glitch was unanticipated, and looked bad for an Administration wanting clear sailing in the Senate for Fast Track. Continue reading

Robin Hood in Reverse

Senator Sanders’ presentation before hearings focusing on deficit and debt. He calls for a full employment budget.

Overcoming Systemic Voter Disempowerment with a System Changing Technology

By Nancy Bordier and Joseph M. Firestone

Most governments claim they are democracies because they hold popular elections. A large majority of their citizens who cast votes also think their governments are democracies.

But there are other criteria besides elections for determining whether or not a country has a functioning democracy — or a failing democracy.

A major criterion, possibly the most important one, is whether voters actually control elections and their legislative consequences.

– Can voters decide who runs for office and set the priorities for the legislation their elected representatives pass if they are elected?

– Can voters freely run their own candidates? Or must they vote for candidates run by intermediaries like political parties or special interests?

– Do institutions like the U.S. electoral college and election authorities place limitations on voters’ ability to run their own candidates by imposing requirements voters find it difficult or impossible to fulfill, such as collecting massive numbers of signatures, paying unaffordable fees, etc.?

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Moyers and Company: America Is a Horror Show

This week on Moyers & Company, David Simon, journalist and creator of the TV series The Wire and Treme, talks with Bill about the crisis of capitalism in America. After President Barack Obama’s annual State of the Union address, it’s a reality check from someone who artfully uses television drama to report on the state of America from an entirely different perspective — the bottom up. You can watch online here.

“The horror show is we are going to be slaves to profit. Some of us are going to be higher on the pyramid and we’ll count ourselves lucky and many many more will be marginalized and destroyed,” Simon tells Moyers. He blames a “purchased” Congress for failing America’s citizens, leading many of them to give up on politics altogether.

WSJ Praises the “Triumph of Austerity” in Greece

NEP’s Bill Black appears on the Real News Network and questions the authenticity of the coverage in the NYT and WSJ about the impact of austerity measures in Greece.

If you would like to view to video with a transcript, it can be seen here.