A University of Chicago Law Professor Says Milton Friedman Was Wrong
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A University of Chicago Law Professor Says Milton Friedman Was Wrong

Via Economic Policy Journal By Robert Wenzel University of Chicago Law School Professor Eric Posner in an essay at The Atlantic says Milton Friedman was wrong when he argued that CEOs of corporations should be focused solely on shareholder gains and not so-called “stakeholder” gains. Posner correctly outlines Friedman’s position: The shareholder theory is usually...

SE: (Vídeo)  Keiser Report en Español (E1427) – No hay barreras para los intereses negativos
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SE: (Vídeo) Keiser Report en Español (E1427) – No hay barreras para los intereses negativos

Keiser Report via Youtube El ‘Titanic’ de la economía global está hundiéndose En este episodio de ‘Keiser Report’, Max y Stacy comentan las declaraciones del exjefe de la Reserva Federal, Alan Greenspan, advirtiendo de que “no hay barreras” que eviten los intereses negativos en EE.UU.. En la segunda parte Max entrevista a Wolf Richter, de...

YouTube Banning Robot Fighting Videos Over ‘Animal Cruelty’ 
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YouTube Banning Robot Fighting Videos Over ‘Animal Cruelty’ 

Via Zerohedge YouTube has been quietly removing hundreds of videos depicting robots battling each other to the death – claiming they violate rules governing animal cruelty. “There is a new algorithm that’s trying to take down robot combat videos,” said YouTuber and robot enthusiast Anthony Murney, according to The Independent. “It’s a disgrace… [we want] to get YouTube’s...

British Airways cancels flights after pilots announce strikes
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British Airways cancels flights after pilots announce strikes

Passengers vented their fury at British Airways on the weekend after the airline cancelled flights next month in response to a planned walkout by pilots in a dispute over pay. Members of the British Airline Pilots’ Association, Balpa, which represents a majority of BA’s pilots, confirmed plans to walk out on September 9, 10 and...

Bundesbank’s Weidmann opposes new stimulus
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Bundesbank’s Weidmann opposes new stimulus

The head of Germany’s central bank has announced his opposition to launching a major monetary or fiscal policy stimulus package in response to the recent slowdown in Europe’s biggest economy. Jens Weidmann said it was not time to “panic” even though the German economy was heading for its first recession in six years after shrinking...

German finance minister backs plans for wealth tax – Handelsblatt
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German finance minister backs plans for wealth tax – Handelsblatt

Via Yahoo Finance FRANKFURT (Reuters) – German Finance Minister Olaf Scholz is backing plans for a wealth tax his Social Democrats (SPD) plan to introduce, the online edition of business daily Handelsblatt reported on Sunday. Leading members of the SPD, junior partners in the ruling coalition, will meet on Monday to discuss plans to reintroduce...

Israel strikes at Iranian forces in Syria
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Israel strikes at Iranian forces in Syria

Israel made a rare admission that it had carried out air strikes against Iranian forces in neighbouring Syria on Saturday, saying it thwarted a planned drone attack against it. The strikes south-east of Damascus came just days after American officials confirmed to the Associated Press that Israel was behind a series of strikes against Iranian...

China Responds To Trump’s “Barbaric” Tariffs: Vows To Fight “Until The End” And Have “The Last Laugh”
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China Responds To Trump’s “Barbaric” Tariffs: Vows To Fight “Until The End” And Have “The Last Laugh”

Via Zerohedge After Friday’s blitz of reciprocal trade war escalations, which saw a furious Trump slam the two “enemies of the state”, Fed Chair Powell and China president Xi, following China’s widely expected tariff hike retaliation and Powell’s uneventful Jackson Hole speech, and further raise tariffs on virtually all Chinese imports after stocks suffered another...

Fed’s Mester sees downside risk from escalating trade war
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Fed’s Mester sees downside risk from escalating trade war

Via Yahoo Finance By Ann Saphir and Howard Schneider JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Saturday she sees “big downside risk” from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank’s next policy meeting. Mester, who opposed the Fed’s...

Johnson insists any UK-US trade deal must cut both ways
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Johnson insists any UK-US trade deal must cut both ways

Boris Johnson has insisted that any UK-US trade deal would have to work in the interests of British business ahead of his first face-to-face meeting with Donald Trump at the G7 summit.  The British prime minister, who talked up the prospect of a “fantastic” deal with Mr Trump, said that some sectors of the UK...

Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency
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Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency

Via Zerohedge While Jerome Powell’s highly anticipated Jackson Hole speech was, in the words of Brean Capital’s Russ Certo “underwhelming and anti-climatic”, one couldn’t say the same for the shocking luncheon speech by Bank of England’s outgoing governor, Mark Carney, titled “The Growing Challenges for Monetary Policy in the current International Monetary and Financial System“,...

U.S. Sanctions To Halve Venezuela’s Oil Rig Count
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U.S. Sanctions To Halve Venezuela’s Oil Rig Count

Via Oilprice.com By Irina Slav – Aug 23, 2019, 11:00 AM CDT A U.S. sanction waiver expiry later this year could see the number of drilling rigs in Venezuela’s Orinoco Belt slashed by half, putting additional pressure on Caracas by further reducing already low oil production rates. Bloomberg reports that the sanction waivers that Washington...

Krugman & The Goldbugs
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Krugman & The Goldbugs

Via Zerohedge Authored by via The American Institute for Economic Research, The announcement that President Trump would nominate Judy Shelton, a long-time advocate of the gold standard, for a seat on the Federal Reserve’s Board of Governors got Paul Krugman thinking: why do some economic commentators become goldbugs? Krugman offers a rather cynical view. It is...