economics

The Primate Diaries

Tag archives for economics

With huge profits reported this week from two bailed-out institutions, Sacramento-based real estate investor Reggie Lal is euphoric: JPMorgan Chase & Co. posted a 36 percent jump in second-quarter profit Thursday, easily surpassing analysts’ expectations, as strength in investment banking offset higher credit losses. JPMorgan, the second big bank to report stronger earnings this week…

On this Independence Day

Danny Schecter asks, how independent are we? “This isn’t just about Madoff. This is about the system in which Madoff’s scam took place. This is about systemic fraud and malpractice, the cultural trade of due diligence for easy profit. It’s about conflicts of interest where companies paid ratings agencies for their ratings. It’s about ideological…

Dispatches from the Two Americas

Peter and Billy Getty over at City Brights write: There are slews of people richer than we are, just in this neighborhood. We’re more famous for being rich than we really are rich. But we have enough to belong to the leisure class, meaning we get to spend very little of our time doing anything…