Saturday, April 25, 2015
Some weekend reading
Here's some stuff:
Equitable Growth - monopsony and market power in the labour market. And that's yet another contributor to secular stagnation: the constant erosion of labour power until consumer demand enters a final death spiral.
WSJ Real Time Economics - strong religious beliefs stifle innovation. No shit, eh? You idiots just figure this out now? Or have you finally decided, after 30 years of inroads by loony fundamentalist idiots, that it's finally time to quit indulging them and start fighting back?
Mining.com - Barrick faces fresh opposition to executive pay plan. Hmm. Any idea why that might be, Johnny boy? I mean, just look at all the value you and your board have added to this company!:
I mean, your $13 million compensation last year was only 0.1% of ABX's market cap! That's awfully fair considering the value they're getting from you, right? Eh, John-boy?
And because the Frank Giustra/Hillary thing is now a thing, I've condensed the entire story down to this:
Talking Points - NYT sheds light on its deal with conservative author. So basically, the Giustra-Clinton story is only being rehashed by the New York Times because they signed a deal to promote a smear book full of lies and distortions by Peter Schweizer, a Republican propagandist and Breitbart News senior editor-at-large. There's your paper of record, America!