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the man of twists ... (6)

Geopolitical duct tape and costly disasters.

...the reality of ISIS and what this group seeks is opaque to the public, and to policymakers not clued into the private salons where the details of secrets can be discussed. Even among those policymakers, the compartmentalized national security establishment means that no one really grasps the whole picture. The attempt to get the US into a war in Syria a year ago was similarly opaque. The public cannot make well-informed decisions about national security choices because information critical to such choices is withheld from them. It is withheld from them at the source, through the classification-censorship process, then by obfuscations in the salons and think tanks of DC and New York, and then finally through the bottleneck of the mass media itself.
The Solution to ISIS Is the First Amendment by Matt Stoler [more inside]
posted by ennui.bz on Sep 17, 2014 - 39 comments

Austerity: Still Bad?

Paul Krugman: Monetary and Fiscal Implications of Secular Stagnation
Crooked Timber: If this is “secular stagnation”, I want my old job back
The Global Bezzle – whence it came, where it went and why it matters (repost from 2011) [more inside]
posted by the man of twists and turns on Dec 1, 2013 - 28 comments

President Correa and Ecuador's Economy

Rafael Vicente Correa Delgado was first elected president of Ecuador in Nov. 2006 and most recently for his third presidential term in Feb. 2013. Ecuador is sometimes identified as joining the Latin American leftist "pink tide" movement by electing Correa, and Correa in turn joined the Bolivarian Alliance for the Americas (ALBA) economic bloc in 2009, which also includes the countries of Venezuela, Cuba and Bolivia, and which was explicitly conceived by Hugo Chavez as an alternative to US-lead economic partnerships in the region. [more inside]
posted by airing nerdy laundry on Jun 24, 2013 - 34 comments

"Conspiracy theorists and technocrat pundits"

The New Inquiry: Just The Facts
With its emphasis on the empirical, conspiracism is uncomfortably similar to the technocratic mindset of mainstream political discourse. Technocratic pundits — typified by the likes of Ezra Klein, a journalist and blogger who runs the Washington Post's Wonkblog — are likewise driven almost exclusively by data sets and empirical studies. As Bhaskar Sunkara suggested in this piece for In These Times, such pundits operate under the assumption that the facts are so powerful that they might lead people of all ideologies to embrace a particular array of ideology-free policies.
[more inside]
posted by the man of twists and turns on Mar 13, 2013 - 62 comments

"there were echoes ... of a Gilded Age critique of plutocracy"

Before Greed: Americans Didn't Aways Yearn For Riches. A response: An Embarassement Of Riches: Literature And The Ethics Of Wealth In The Gilded Age. Both from Boston Review. [more inside]
posted by the man of twists and turns on Mar 7, 2013 - 19 comments

The Origins of Neoliberalism

Philip Pilkington writes for naked capitalism: The Origins of Neoliberalism Part I: Hayek's Delusion
Hayek’s entire ideology and career had begun to come apart in the 1930s. His theories were shown to be inconsistent in the academic journals of the time and the practical implications of those theories had shown themselves to be both discredited and dangerous. A man in such a position only has two choices: he can either completely re-evaluate his ideas which, if they were held with unshakeable conviction and constituted a core component of his emotional make-up, as seems to have been the case with Hayek, would have likely resulted in a mental collapse; or, alternatively, he can engage in a massive repression, shut out reality and construct around himself a fantasy world.
[more inside]
posted by the man of twists and turns on Jan 18, 2013 - 136 comments

Houses from beyond the grave.

The latest foreclosure horror: the zombie title
The Kellers are caught up in a little-known horror of the U.S. housing bust: the zombie title. Six years in, thousands of homeowners are finding themselves legally liable for houses they didn't know they still owned after banks decided it wasn't worth their while to complete foreclosures on them. With impunity, banks have been walking away from foreclosures much the way some homeowners walked away from their mortgages when the housing market first crashed.
[more inside]
posted by the man of twists and turns on Jan 11, 2013 - 36 comments

"Several executives involved in the transaction have either abruptly decided to retire or been sacked."

Last month, JP Morgan Chase announced it had lost $2 billion dollars in a 'hedging' maneuver. Today, Jamie Dimon, Morgan's chairman and CEO, testified before the Senate banking committee. [more inside]
posted by the man of twists and turns on Jun 13, 2012 - 69 comments

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