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Tag Archives: politics

Janet Yellen Now Favored To Become Treasury Secretary

President-elect Biden is expected to name some of his Cabinet picks on Tuesday, President-elect Joseph R. Biden Jr.’s transition team will officially announce its first cabinet appointments on Tuesday, said Ron Klain, Mr. Biden’s incoming White House chief of staff, although he declined to say which ones. The names of at least three expected cabinet appointments were released on Sunday night by people close to the decision process, including Anthony J. Blinken for secretary of state,...

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The Impact of the New Asian Trade Mega-Deal on the European Union

Yves here. Despite Michael Pettis’s point that the signatories to the new Asian trade deal, the Regional Comprehensive Economic Partnership, all run trade surpluses, which limits how much in the way of additional trade in the bloc will actually occur, the authors below contend that there could still be a good deal of supply chain optimization. Informed reader comment encouraged. By Uri Dadush and Abdulelah Darandary. Originally published at Bruegel Although the economic implications of the...

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To Save the Economy, Save People First: Targeted Measures and Subsidies for Cost Effective COVID-19 Abatement

Yves here. The situation with the site is getting worse. Jerri and Lambert are finding it massively difficult to post, to the degree that Jerri was unable to finish her planned original posts due to the time it took for her to complete Links and load cross posts. So apologies for the shortfall of original material. However, the caliber of this INET post will hopefully be an offset. It gives a detailed set of “fix the economy” priorities that it explains are critical. It explains why making...

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The Biden Cabinet: Prediction Markets Making Big Bets On XX Chromosome Set

This post is dedicated to our very loved colleague and friend, Carol K., who has been bravely fighting a relapse of ovarian cancer.  She received the results today she is cancer-free.  She is a true warrior and we never had any doubt she would beat the beast.   Disclaimer:   The prediction markets are the worst forecaster except for all others.  Though they nailed the presidency, they were way off on many Senate seats.  For example, Sen. Susan Collins of Maine was only priced at around...

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The War Nerd: Gray Wolves — The Fascists Nobody Wants To Talk About

By Gary Brecher.Republished from the Radio War Nerd subscriber newsletter. Subscribe to Radio War Nerd co-hosted with Mark Ames for podcasts, newsletters and more!. Posted with THE EXILED. There’s a gigantic, well-organized, extremely violent fascist group with tens of thousands of active members in Germany right now. And nobody notices. You’d think all the fascist-hunters would have sniffed it out by now, but it goes right by them as if these guys were invisible. Which is odd, because this...

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Feeling Disoriented By the Election, Pandemic and Everything Else? It’s Called ‘Zozobra’ — And Mexican Philosophers Have Some Advice

Lambert: Sounds a bit like angst, but more appropriate for our current epistemological crises. I’m not sure our political class is big on creating a feeling of shared suffering, though. By Francisco Gallegos, Assistant Professor of Philosophy, Wake Forest University and Carlos Alberto Sánchez, Professor of Philosophy, San José State University. Cross-posted from Alternet. Ever had the feeling that you can’t make sense of what’s happening? One moment everything seems normal, then suddenly the...

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Time For A Few Victory Laps

First, Carol K. nailed the Electoral College: [Before our post, It’s Showtime: GMM/Grace Election Prediction, Global Macro Monitor conducted an internal poll about personal predictions on the election outcome.  Carol K.’s –>  Ok, my predictions: 305 EV Biden; wins pop vote by 5.937985%.   If Biden holds on to Nevada, Arizona, Michigan, and can pull out Pennsylvania and Georgia after all the votes are counted, that gives Biden 306 EC votes.  Not bad, CK!]  – GMM, Nov 4th See The...

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Why 2020 Was the ‘Precarity Election’

Yves here. Precarity was indeed the 2020 political elephant in the room. But ironically, it’s not just about the precariat. Highly unequal societies are highly stressful to the well off too, since if the slip down the economic ladder, they lose most if not all of their social connections: they have to move, which means kids in a different school (or no longer in private school). They can’t entertain or vacation at the same level as their former friends. Etc. As we pointed out in 2007, quoting...

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How Biden Can Protect Workers on Day 1

Yves here. This is a terrific example of how the Executive Branch has considerable latitude in interpreting and enforcing existing regulations, in this case, how OSHA has authority to establish workplace safety rules for Covid. But this is the Biden Administration we’re talking about. We’ve already seen Biden made grand campaign promises for his plans to combat Covid, which included paid vacations, income support for employees and gig workers, and rental assistance. The plan his transition...

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