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Haw! (as lambert would say)

In the run up to our March 18 discussion of Yves Smith's ECONned, here is Yves Smith for Dummies. Via, of course, Yves Smith.


Yves Smith: The focus initially is on the Economists….and the argument is that the Crisis is actually rooted in bad economic theory.

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Median Net Worth of African American Women 36-49 = $5

I wish I had time to write more about this this morning. Hopefully by linking to it, others will make up for my failings because this is an important story. The headline says it all. There's a lot more to this study than just this finding, but here is, as Yves calls it, the punch line:

However, while white women in the prime working years of ages 36-49 have a median wealth of $42,600 (still only 61% of their white male counterparts), the median wealth for women of color is only $5.

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Hey, Turns Out My Brain Is a Man

Although my body? Not so much.

What are you?

It must be because I'm good at matching angles and shapes and I'm extremely right-brain dominant. Although I also totally nailed the reading emotions from people's eyes test, not known for being a man thing.

Via Salon. Read more about Hey, Turns Out My Brain Is a Man

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ECONned Online Book Group, Sunday, March 21

Update: This is now going to be Sunday, March 28, from 2-4 pm.

I'm a big fan of Yves Smith and her blog Naked Capitalism and I know I'm not alone. She has a way of taking complicated financial issues and explaining them to those of us without a finance background while also cutting to the heart of the issue. She also has a new book out ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism. For those interested, I propose we have our own book group about the book here at the Mighty Corrente Building two weeks from tomorrow (Sunday). Read more about ECONned Online Book Group, Sunday, March 21

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The Corrente Review Of Games: Volume I, Number 6 (English Edition)


The Corrente Review Of Games is published on the first Saturday of the month.
Posting is done in rotation by the following contributors:

BDBlue and

Read more about The Corrente Review Of Games: Volume I, Number 6 (English Edition)

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When A Politician Says "Deficit Reduction"...


you should hear "class warfare" on behalf of the financial industries.

Doesn't matter whether the politician has a (D) or (R) after his or her name.

Deficit reduction = class warfare

And not on behalf of the poor, working and middle classes.

It's that simple.

See this post by Jesse for an explanation of why. Read more about When A Politician Says "Deficit Reduction"...

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The Politics of Form over Substance

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R.I.P. Howard Zinn

I posted this video awhile ago about a recent special he helped put together, but it seems worth re-running it. Also see Susie Madrak, who has another video of him posted. Read more about R.I.P. Howard Zinn

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The Good News about the Spending Freeze - It's Preparation for Gutting Social Security and Medicare!


From the New York Times (emphasis mine):

It is the growth in the so-called entitlement programs — Medicare, Medicaid and Social Security — that is the major factor behind projections of unsustainably high deficits, because of rapidly rising health costs and an aging population.

But one administration official said that limiting the much smaller discretionary domestic budget would have symbolic value. That spending includes lawmakers’ earmarks for parochial projects, and only when the public believes such perceived waste is being wrung out will they be willing to consider reductions in popular entitlement programs, the official said.

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You're a chump

The [Democratic] Party that you backed controls two-thirds of the House of Representatives and the Senate, and still they can’t keep their promise to you, ‘cause
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Wow, that Kool-Aid is some seriously strong shit!

Even Naomi Klein can't seem to shake it entirely. Klein, who is no dummy (to say the least), has not only given the world two great books -- No Logo and Shock Doctrine -- she's done the more impressive feat of changing the way many of us see the world. She's given us analytical frameworks to understand what often seems incomprehensible. Yet, so successful is the Obama brand, even she can't entirely see through Obama's marketing campaign. Read more about Wow, that Kool-Aid is some seriously strong shit!

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Obama Administration Does Right Thing

There's a headline you won't see me write very often, but in this case it's deserved. The Administration has announced that it will give Haitians in this country illegally, Temporary Protected Status for 18 months. This means that the nearly 200,000 Haitians here illegally can now stay and work here legally for the next 18 months. We can debate on whether this goes far enough, but it's still a very good thing to see them do. Read more about Obama Administration Does Right Thing

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"This is not what I voted for."


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