Category: Economy


UPDATE 1-S.African police arrest ex-ambassador to Iran in MTN Iranian licence investigation

JOHANNESBURG (Reuters) – Pretoria’s former ambassador to Iran, Yusuf Saloojee, was arrested in South Africa on Thursday over allegations of corruption related to telecoms giant MTN’s cell phone operating license in the Islamic Republic, police said on Friday. MTN shares fell on the news. Saloojee allegedly received 1.4 million rand […]

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Links 2/15/19

Big tech disrupters may pose risk to financial stability, warns global regulator FT The U.S. government and Facebook are negotiating a record, multibillion-dollar fine for the company’s privacy lapses WaPo. Martha Stewart when to jail on a nothingburger insider trading charge. Why are we even “negotiating” with Zuckerberg? “My Only […]

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Amazon Drops New York City Headquarters Plan in a Snit

When Alexandria Ocasio-Cortez and Michael Bloomberg agree on something, it’s worth taking seriously. Particularly if it involves New York City. Both New York City pols objected to the corporate welfare plan for Amazon, in the form of nearly $3 billion in subsidies, detailed in the Financial Times chart below, for […]

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Who Is Really A Socialist?

Yves here. Although this post does a very helpful job of parsing out the critical ideas that travelers under the “socialist” banner may hold, a shortcoming is how Rosser treats the idea of “ownership” of production. The original Marxist construct developed when businessmen owned mills and workshops directly, as in […]

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