Towers of Mammon

By Tigerulze | The monetization of everything

Economy

A Politician’s guide to the question, “How are you going to pay for it?”

<b>If there’s one question</b> a politician fears being asked, it is this one. After announcing a decision to undertake a bold new and expensive development …

Money

The US government is cashing in on the Bitcoin hype

The US Marshals Service announced Thursday that it will hold an auction next month to dispose of 3,813 bitcoins, worth a cool $52 million at today’s …

Bitcoin

Playdough Capitalism - Progress in Political Economy (PPE)

When he visited Sydney a few years ago I met Bill Carroll, Professor of Sociology at the University of Victoria in Canada. We talked about teaching …

Equality

Joe Hockey and the Reserve Bank: no such thing as a free $8.8 billion

Remember that $8.8 billion which former treasurer Joe Hockey gifted the Reserve Bank, that $8.8 which the Reserve Bank neither needed nor asked …

Economy

German business joins battle against US data demands

Leading industry groups in Germany are taking sides in a digital privacy battle between Microsoft and American law enforcement. They plan to file a …

Privacy

Christmas eve, 1717

Source On 24 December 1717, three hundred years ago today, a northwesterly storm hit the coasts of North Europe. About 14.000 died, over 2.000 of …

Christmas Eve

Cartoon of the day

<b>Special mention</b> <br>Tagged: Bitcoin, bubble, cartoon, corporations, deficit, Democrats, rich, tax cuts, Trump, tulipmania

Taxes

He Stole $100 Million From His Clients. Now He’s Living in Luxury on the Côte d’Azur

Fabien Gaglio confessed to running a $100 million Ponzi scheme on his own terms. At 9 a.m. on a Wednesday in Paris, dressed elegantly in a dark …

It’s an Unequal World. It Doesn’t Have to Be.

Global inequality, after widening for decades, has stabilized. The share of the world’s income captured by the top 1 percent has shrunk since its peak on the eve of the financial crisis.

Monopoly men*

from <b>David Ruccio</b><p>Wealth inequality in the United States has reached such extreme levels it is almost impossible to put it into perspective.<p>But the …

IAN MCAULEY. The Trans-Pacific Partnership isn’t about trade liberalisation: it’s about corporate protection

<i>It’s in Australia’s interests to remain open to the world on immigration and trade, and to cooperate on climate change and labour standards, but when</i> …

Raise your hands

There was a bit of an awkward moment on Tuesday when, during the Wall Street Journal’s interview with Gary Cohn, Director of the National Economic …

Gary Cohn

From cranes on the Sydney skyline circa 1973 to an energy-aware production model

I gave this talk to YSI members attending the 17th UNCTAD debt conference, at which I was one of the speakers (along with Jan Kregel: the speeches …

Three Richest Americans Now Own More Wealth Than Bottom Half of US Combined: Report

div class=field field--name-field-hp-author field--type-text field--label-hiddendiv class=field__itemsdiv class=field__item evenJake Johnson, staff …

Equality

Paradise Papers: media ignores the real tax culprits

High in their opulent CBD eyries, the architects of global tax avoidance must be indulging in a quiet chuckle, a nervous chuckle perhaps, because the …

Wouldn’t it be great if America had a fiat-money system?

The sovereign U.S. government declares that every citizen and business must, on a regular and recurring basis, pay taxes to the government (or incur …

Posted: 7 November 2017 in Uncategorized Tags: conspicuous consumption, Europe, inequality, philanthropy, productivity, Scandinavia, tax evasion, tax havens, United States, wealth

The release of the so-called Paradise Papers confirms, with additional names and more salacious details, what we already knew from the Panama Papers …

Unrolled Twitter story from @ericgarland (13 tweets)

Thread Reader is happy to present<br>an unrolled Twitter story with 13 tweets<p>Embed this page on your website<p>×<p>Close<p><THREAD><p>Let's talk about this weeks …

EU denounces 'shocking' Paradise Papers revelations

EU finance ministers meeting for regular talks in Brussels are due to discuss the practice on Tuesday after a trove of leaked documents exposed the …

Queen, James Packer caught up in Paradise Papers leak

Queen Elizabeth II and James Packer are among dozens of the world’s richest people to have their tax minimisation details revealed in a massive leak …

NAB rebounds with $5.3b profit, announces 6,000 job losses

NAB has flagged the loss of 6,000 jobs as the impact of new technology and digital transactions cuts a swathe through traditional banking jobs.<p>The …

How the actual magic money tree works

85% of MPs were unaware that new money is created every time a bank extends a loan. Were you?<p>Shock data shows that most MPs do not know how money is created. Responding to a survey commissioned by Positive Money just before the June election, 85% were unaware that new money was created every time a …

Money

‘Talking to my daughter about the economy’ – Book review in The Guardian by Anna Minton

Not many authors write a book in nine days, and fewer still are likely to announce it in the prologue. Yanis Varoufakis has no qualms about doing so …

Economics

The real costs of making (and using) money – the bitcoin waste

Bitcoins are a total waste. On this blog, I’ve written some posts on ‘the real costs of making money’ (a summary here). Producing money takes …

Imperialism

Cartoon of the day

<b>Special mention</b> <br>Tagged: cartoon, economy, Equifax, healthcare, Martin Shkreli, North Korea, Obamacare, rich, tax cuts, Trump, Weinstein

Martin Shkreli

Do we need a digital AU dollar?

<b>A number of local FinTech</b> startups have lobbied the Reserve Bank of Australia to create a cryptocurrency version of the Australian dollar.<p>Three use …

Rio Tinto, Former Top Executives Charged With Fraud

Corruption