Edwin Sutherland: The 75th Anniversary of His Coining The Term White-Collar Crime

Introduction This year is the 75th anniversary of Edwin Sutherland’s presidential address to the annual meeting of the American Sociological Association in 1939.  In the course of beginning to write a book from a white-collar criminological perspective about our modern financial crises I decided to reread Sutherland’s address (which was published as an article in 1940) […]

Jamie Dimon’s $10 Million Raise is a ‘Common Sense’ Fraud Reward

Andrew Ross Sorkin (and his “Deal Book” team at the New York Times) seemed to have built an insurmountable lead in the race to be declared the most unctuous panderer to the financial plutocrats who grew wealthy by leading the frauds that blew up our economy.  As I wrote recently, Politico became my instant dark horse candidate for the Street’s […]

The Eurozone’s ‘Nascent’ Recovery

By William K. Black On January 19, 2014 I posted a column entitled “Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody” that discussed the insanity of the Eurozone’s approach to “the threat of deflation.”  The EU’s troika cannot understand that deflation is produced by inadequate demand and that the way to prevent it is to use […]

Ecuador’s Performance Challenges Perceptions About Leftist LatAm Governments

The Wall Street Journal has written it’s latest “just so” article about how leftist Latin American leaders (Argentina, Brazil, and Venezuela) are bad and rightist Latin American leaders (Chile, Colombia, Mexico, and Peru) are wonderful.  It quotes favorably this dismissal of progressive leaders. “’We set out to create the Pacific Alliance because we wanted to set ourselves apart from […]

Jackie Calmes’ ‘Dirty Secret’ About the Opponents of Austerity: They’re Right

Ms. Calmes is the New York Times’ White House correspondent.  Readers who follow finance and fraud may recall her as the object of an epic dismantling in Naked Capitalism.  The subject there was Calmes’ dismissive review of Neill Barofsky’s (SIGTARP) book’s criticism of Timothy Geithner. Calmes is back and writing about economics in an article entitled:  “A Dirty Secret Lurks in the Struggle […]

Why Is the Economist Chortling Over the Prospect of Oil Pollution in Ecuador?

The Economist has increasingly been copying the descent of the Wall Street Journal into dogma.  One of it perennial hates is President Rafael Correa of Ecuador. Correa, an economist, has committed the unforgivable offense of succeeding through economic policies that The Economist despises.  This is passing strange because Correa’s four foundational policies are expanded health care, expanded education, improved infrastructure, […]

The Tea Party’s Tactical Brilliance and Strategic Incompetence

The Tea Party and its (non) think tanks have proven that they are tactically brilliant in manipulating the Republican Party, but strategically incompetent.  Today’s Senate Bill, which will be forced down the House Tea Party members’ throats, is the result of that strategic incompetence.  The Tea Party has learned that there are a few things […]

Boehner’s Trophy

This article is inspired by David Firestone’s article in the New York Times entitled “Boehner’s Last Stand.”  Firestone’s lead is the key: “The nature of Speaker John Boehner’s final battle with the White House on the budget crisis is now clear: It doesn’t matter what House Republicans win in exchange for raising the debt ceiling and re-opening government, as […]

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