AskProfWolff: PG&E Bankruptcy and Worker Co-ops

This is Richard Wolff with a response to a question sent in from our Patreon community and in particular from Matt Slagle. Good question! Very much worth a response! Matt asks about the tremendous controversy in California over the performance—or better put the malperformance, the bad performance—of a major public utility there: Pacific Gas and […]

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SFI CommunityEvent – 2017 Ulam Lectures: John Geanakoplos on Debt and its Discontents Part 2

good evening everybody my name is Syd Redner I am a faculty member at the Santa Fe Institute and I’m honored to be introducing tonight’s activities so on behalf of the Santa Fe Institute I first want to begin by thanking Thornburg investment management for their continuous and generous support of this lecture series I […]

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Accounting Firm and Consulting Firm News – Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers PwC

The latest edition of the annual Deloitte Solvency II survey of insurers shows that they are preparing for the introduction of Solvency II by changing their approach to calculating capital adequacy requirements. “Solvency II forces insurers to analyse the risks they run across their business and determine the level of capital they need to hold. […]

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How Banks Can Fail Even Though They Print Money

The liquidity and solvency constraints on the banker are peculiarly tight. They have to hold some liquid assets and they cannot survive a substantial fall in the value of assets. The reason is because… banks issue liabilities, they’re extremely liquid and they have very little equity. Banks have very little equity. You look at a […]

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