Europe has an even bigger crisis on its hands than a British exit | Telegraph

If Europe’s policy elites could not quite believe it before, they must now know beyond much doubt that they have lost Britain.

This island is no longer part of the European project in any meaningful sense.

via Europe has an even bigger crisis on its hands than a British exit – Telegraph.

The Force Behind Europe’s Populist Revolution | The Fiscal Times


“Without exceptional leadership or the total destruction of a war, it takes 100 years to change cultures”

via The Force Behind Europe’s Populist Revolution | The Fiscal Times.

Debt Crisis Hangover Wipes Euro Off Vote Agenda for Denmark | Businessweek

Denmark, which pegs its krone to the euro, was forced to fight off the capital influx at the time by lowering rates into uncharted territory.

In July 2012, the central bank took the unprecedented step of cutting its deposit rate below zero.

via Debt Crisis Hangover Wipes Euro Off Vote Agenda for Denmark – Businessweek.

Parsing Piketty: Is Wealth Inequality Rising in the U.S.? | The New Yorker

Parsing Piketty: Is Wealth Inequality Rising in the U.S.? : The New Yorker.

It Doesn’t Matter If Piketty Is Wrong | Bloomberg View


Economics, at its best, is about what makes us better off and how we can have more of it. For decades preceding the financial crisis, the mainstream strayed from that laudable goal.

The workhorse models economists used to understand the world became largely thought experiments, filled with perfectly rational beings, benign equilibriums and absurd assumptions that bore little relation to reality.

via It Doesn't Matter If Piketty Is Wrong – Bloomberg View.

Why The Trial Lawyers May Have Miscalculated In Killing Patent Reform, And How It May Come Back To Bite Them | Techdirt

Some have asked why trial lawyers (rather than patent lawyers) were so against it, and the key thing is that the trial lawyers don’t want anything to do with fee shifting.

They fear, greatly, that if fee shifting is shown to be effective in patent cases, it will then make it easier to spread to other types of cases.

via Why The Trial Lawyers May Have Miscalculated In Killing Patent Reform, And How It May Come Back To Bite Them | Techdirt.

Piketty vs. the Financial Times: The economist explains his data.

.. our data on wealth are still very imperfect (far more so than our understanding of income)

via Piketty vs. the Financial Times: The economist explains his data..

Book Talk: Game-changer or Marx revisited? A new tale of capital | Reuters

[ Piketty ]

.. according to the textbooks, r is always bigger than g because otherwise people wouldn’t save, they would just borrow indefinitely from future resources.

via Book Talk: Game-changer or Marx revisited? A new tale of capital | Reuters.

Office x Ogilvy & Mather | IBM Smarter Planet | People of Print

Office x Ogilvy & Mather | IBM Smarter Planet | People of Print.

IBM System z Mainframe Continues to Be an Engine of Progress

.. more than 70 percent of enterprise data and 71 percent of all Fortune 500 companies’ core businesses residing on a mainframe

via IBM System z Mainframe Continues to Be an Engine of Progress.