“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)
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 Centerplate, owned 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)
Inversions: The Biggest Tax Scam Ever (rolling stones exclusive)
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.
The News Summer From Hell and the End of Optimism Moyers & Company
The Truth We Won’t Admit: Drinking Is Healthy Pacific Standard