By Don Quijones: With more back channels and revolving doors to governments around the world, Monsanto is used to getting its way. But now it faces an outright rebellion.
Entries by Contributor (536)
New Prime Minister of France: It All Hangs Together Or We’ll Hang Together (Warning: Biting Sarcasm)
By Hilary Barnes: Manuel Valls, the new Prime Minister of France, who has discreetly hinted that he hopes one day to be regarded alongside General de Gaulle as "the man who saved France" from itself, has found a new and fascinating definition of "austerity."
By David Stockman: Now it has happened. For nearly two days there was not a single cash bid for the 10-year JGB in what is a $10 trillion market. At least for the moment, liquidity has dried-up completely. This is the canary in the Abenomics shaft.
By Abigail Field, Attorney, Benzinga: Every year that multinational corporations and wealthy individuals lower their U.S. tax bills by stashing profits in off-shore tax havens, you pay more to cover their tab. The same is true for small businesses.
By Don Quijones: The story is now playing out across Europe’s bailed-out nations. The losers are by and large the poor and middle classes, while the beneficiaries are the same as always: the world’s largest multinational corporations and banks.
By Terry Coxon: What the consequences of economic mismanagement can be, and how stealthily disaster can creep up on you.
By David Stockman: China’s credit bubble fed the largest construction boom in history, and property prices rocketed higher so persistently that people believe luxury condos they never intend to live in are the best savings account. Now the credit pyramids under it are faltering.
By Nick Cunningham: Russia’s primary energy customer is Europe, which is now planning sanctions. That has accelerated the natural gas deal Russia is trying to hammer out with China. But they’ve been negotiating for years, the biggest sticking point being price!
By Nick Giambruno: Why Peter Schiff is moving some of his businesses, and himself, to fiscally troubled Puerto Rico: think perfectly legal low-tax paradise for American citizens.
By John Daly: It “tried to keep its rewards and shed its responsibilities by playing a corporate shell game, putting its oil-and-gas business in a new entity and leaving behind a bankrupt shell” with environmental liabilities of defunct, polluting businesses.
By David Stockman: IPOs have the busiest week since 2007. Look who is headlining: Ally Financial – disaster of auto and sub-prime housing loans known as Ditech and GMAC – and hotel chain La Quinta. To be shuffled off to the public at nosebleed multiples.
Head of EU’s Newfangled Bank Regulator: Markets Are Dumb, Pumps Stocks Of Teetering Banks To Keep them From Toppling
It's not often that a bank regulator proclaims stocks of teetering banks are undervalued because markets are too dumb to value them correctly. That’s what Danièle Nouy, chair of the ECB’s Single Supervisory Mechanism just proclaimed. She has a motive.
By Abigail Field: While Congress cowers before lobbyists hired by multinationals and re-enacts loopholes that let corporations like GE and Apple hide their income from the IRS, the Legislature of the tiny State of Maine decided it had had enough.
By Don Quijones: Political corruption has already become synonymous with political leadership in Spain. But now there’s a spectacle of political hubris and impunity so farcical and obscene that it leaves no doubt in one’s mind: Spain is run by a mafia state!
By Benjamin Shepherd: Global Inflation is relatively tame, but beneath the surface, food commodity indices are soaring. With implications in a globalized, interlinked world.
By David Stockman: The world’s official economic institutions are run by people who believe in monetary fairy tales. The 70 words from IMF head Christine Lagarde are par for the course. She asserts that “low-flation” is the obstacle to economic growth in Europe.
By Abigail Field: Today, Congress started the process of enacting the “GE Loophole.” If Congress did nothing, billions more would flow into the treasury, enough to cover the $10 billion tab for extending unemployment benefits.
By Tim Parker: You’d think Google’s stock split would have activist investor Carl Icahn making a lot of noise; the power play preserves the unchallengeable control the company's leaders have over the company. But Icahn has been quiet.