Tuesday, September 02, 2014

Troubled waters

INK BOTTLE“You know what’s the loudest noise in the world, man? The loudest noise in the world is silence.”

Thelonious Monk (quoted in Lewis Lapham, “Monk: The High Priest of Jazz,” Saturday Evening Post, April 1964)

Dear intellectuals: You have a responsibility to speak truth and expose lies. You are failing. You are docile, cowed, and impotent. Best, Fred Inglis... Speaking Truth
The Price of Corruption SSRN. Ian Welsh’s classic formulation: “[Politicians sell out cheap] because it’s not their money. It’s like selling your neighbor’s car for twenty bucks.”
Private equity’s giant collusion case is over, as Carlyle folds Fortune

CEO Desmond Hague caught on camera kicking Doberman puppy in lift of luxury condos Sidney Morning Herald (skippy). Hague’s firm is Centerplateowned by private equity firm Olympus Partners. So that explains the puppy-kicking part, but why was Hague dumb enough to do it on camera?
When Do We Start Calling This “The Greater Depression”?Brad DeLong, Washington Center for Equitable Growth

Inversions: The Biggest Tax Scam Ever  (rolling stones exclusive)

The criminalisation of American business The Economist (LS) 

A mammoth guilt trip Corporate America is finding it ever harder to stay on the right side of the law 

The Cyber-Terror Bank Bailout: They’re Already Talking About It, and You May Be on the Hook Bloomberg. Let’s just hope we haven’t incentivized the CEOs to secretly hand over the passwords to “cyber-terrorists” for a share of the take, because that would be accounting control fraud.

38 maps that explain the global economy Vox. Headline overeggs the pudding, but we really are entering a golden age of data visualization.