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Americans Are Refreshingly Realistic About the ISIS Threat

Paul Waldman draws my attention to a new Pew poll with an interesting result. Hawkish Republicans have been running around for the past month insisting that ISIS terrorists are a direct threat to the United States, and therefore we have to fight them in...



Here's How Stocks Performed During Past Dollar Bull And Bear Markets

Lately, the US dollar has been on a tear, thanks to an improving economy and a Federal Reserve expected to soon normalize loose monetary policy. A stronger dollar makes exported US goods more expensive to overseas buyers in the global market....



Carl Icahn Exercises Options For 12.23M Gannett Co. Shares

Activist investor Carl Icahn has exercised call options for Gannett Co., according to regulatory filings with the Securities and Exchange CommissionCarl Icahn now officially owns an additional 12.23 million shares of Gannett Co., Inc. (NYSE:GCI), SEC...



Microsoft buys 'Minecraft' creator Mojang



Anheuser-Busch InBev Seeking Financing to Acquire SABMiller

SABMiller failed to strike a merger deal with Heineken, which made its more vulnerable to a takeover by Anheuser-Busch InBev, according to market observersAnheuser-Busch InBev SA (ADR) (NYSE:BUD), the second largest brewer worldwide is negotiating with...



Report: Apple Gets 15 Cents on Every $100 Transaction in Apple Pay

Apple Pay, Apple's new mobile payment service it unveiled in Cupertino last week, may net Apple 15 cents on every $100 transaction, according to a report The Financial Times cites "two people familiar with the terms of the agreement" about...



Guy Who Once Tried To Be The World's Richest Person Now Might End Up As The First Convicted Insider Trader in Brazil

Former billionaire tycoon Eike Batista was always confident that he would break a lot of records for Brazil. Back in 2012, he was certain he'd be the first person from Brazil to be the richest man on the planet. Now there's a possibility that...



Netflix, Inc. Challenged by French Cable Operator

Netflix, which just debuted in France, is receiving stiff opposition from the French cable companies, politicians and operators.Netflix, Inc. (NASDAQ:NFLX), which just arrived in France, has received direct competition from French cable operator...



Pope breaks taboo by marrying couples who lived 'in sin'...

Pope breaks taboo by marrying couples who lived 'in sin'...(Second column, 13th story, link) ...



*Party Man, Company Man*

The author is Joe Zhang and the subtitle is Is China’s State Capitalism Doomed?  Here is the summary of his conclusions: 1. The state sector remains the dominant part of the Chinese economy. 2. In the past decade, China has erased most (if...



We've Just Witnessed The First True Masterpiece Of The Modern Hedge Fund Era (DRI)

We're living in a golden age for a certain kind of very-public investing strategy, where big-name hedge funders get up on stage, or produce PowerPoint presentations laying out their investment thesis on a given company. Bill Ackman is probably best...



"Obama losing the confidence of key parts of the coalition that elected him"

Glenn Reynolds quips about this: "Hi folks. You're kinda late to the party. Try not to be so easily fooled next time." Beautiful. ...



Goldman Sachs Revises Q2 GDP estimate to 4.7%

From Brett LoGiurato at Business Insider: Goldman Is Now Saying That Q2 GDP Growth Was Absolutely MassiveGoldman Sachs revised its estimate of second-quarter GDP growth to 4.7% on Thursday, based on new data from the Census Bureau's Quarterly...



Links for 9-13-14

Maastricht in a Kilt - Paul Krugman Taxes and Growth - Growth Economics Contradictions, Amazon and Attention - Digitopoly Unit Root tests and Seasonally Adjusted Data - Dave Giles International reserves before and after the Global Crisis -...



GM Stops Delivery of 2015 Chevrolet Corvette Due to Safety Issues

GM spokesperson Alan adler said the delivery interruption is an “effort to deal with quality issues quickly and completely” General Motors Company (NYSE:GM) stopped the delivery of Chevrolet Corvette 2015 model to customers due to potential...



Government In Panic Over Howard Application In Fannie Case

Government in Full Panic Mode Over Howard Application in Fannie Case by Todd Sullivan, ValuePlays This is pretty amazing stuff. Fairholme announced the hiring of J Tim Howard, former CFO of Fannie Mae / Federal National Mortgage Assctn Fnni Me...



Alibaba IPO Demand Strong; May Close Deal Early And Boost Price

Strong demand for Alibaba IPO may lead to an increase in the expected price rangeAccording to a September 12th article in the New York Times, orders for the impending Alibaba IPO are coming in so quickly that the banks leading the IPO expect to close...



Starboard Tells Olive Garden to Salt the Pasta Water

Starboard Value said it would take a number of steps to boost the value of Darden Restaurants, owner of Olive Garden, if the activist hedge fund wins control of the entire...



Banks Did It Apple’s Way in Payments by Mobile

The eagerness of banks and card companies to work with Apple on its mobile payment system suggests Apple’s clout and the concern financial players have for their...



'Bacon Shake' takes milkshakes to new level

Would you buy a milkshake stirred with a candied bacon strip -- and topped with bacon...



HP subsidiaries plead guilty in bribery cases

Hewlett-Packard's Russia subsidiary pleaded guilty to bribing government officials there to land a lucrative contract and was hit with a $58.7 million fine in a U.S....



Are Americans Wrong to Trust Republicans More on Terrorism?

Win McNamee/Getty Images President Barack Obama on Thursday outlined his strategy against the extremist militant group ISIL, also referred to as ISIS, explaining his plans for aiding forces in the Middle East while emphasizing his unwillingness...



Twitter Inc Debt Sale Gets More Than Expected Response [REPORT]

Twitter debt sale received more than expected response as investors see convertible bonds as a safe haven against stocks.Twitter Inc (NYSE:TWTR) has sold more than expected convertible bonds on late Thursday, says a report from the Wall Street Journal...



(Other things being elsewhere...) "It’s a ceteris paribus thing,"

Paul Krugman:"It’s a ceteris paribus thing, just like supply and demand."Hans Albert, "Model Platonism: Neoclassical economic thought in critical light."  Journal of Institutional Economics (2012):"T. W....



If Scotland Goes, Then Britain Too?

As Scotland prepares to vote on independence on Thursday, British bankers worry about an exit from the European...



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Microsoft buys 'Minecraft' creator Mojang

Microsoft will continue to make "Minecraft" available across platforms, including iOS, Android, PlayStation, Xbox and...



Here's How Stocks Performed During Past Dollar Bull And Bear Markets

Lately, the US dollar has been on a tear, thanks to an improving economy and a Federal Reserve expected to soon normalize loose monetary policy. A stronger dollar makes exported US goods more expensive to overseas buyers in the global market....



Americans Are Refreshingly Realistic About the ISIS Threat

Paul Waldman draws my attention to a new Pew poll with an interesting result. Hawkish Republicans have been running around for the past month insisting that ISIS terrorists are a direct threat to the United States, and therefore we have to fight them in...



U.S. Consumer Credit Soars In July With Biggest Gain Since '01

By Michael FlahertyWASHINGTON (Reuters) - U.S. consumer credit soared in July, posting its biggest jump since November 2001, driven in part by demand for auto loans and student borrowings.Total consumer credit increased $26.01 billion to $3.24trillion in...



Pope breaks taboo by marrying couples who lived 'in sin'...

Pope breaks taboo by marrying couples who lived 'in sin'...(Second column, 13th story, link) ...



Carl Icahn Exercises Options For 12.23M Gannett Co. Shares

Activist investor Carl Icahn has exercised call options for Gannett Co., according to regulatory filings with the Securities and Exchange CommissionCarl Icahn now officially owns an additional 12.23 million shares of Gannett Co., Inc. (NYSE:GCI), SEC...



Minority Mortgage Market Experiences and the Financial Crisis

Stephen Ross at Vox EU: Minority mortgage market experiences leading up to and during the Financial Crisis, by Stephen L. Ross, Vox EU: The subprime lending crisis in the US triggered a broad financial panic that lead to the global recession....



*Party Man, Company Man*

The author is Joe Zhang and the subtitle is Is China’s State Capitalism Doomed?  Here is the summary of his conclusions: 1. The state sector remains the dominant part of the Chinese economy. 2. In the past decade, China has erased most (if...



Dollar General Corp. (DG) Gets Hostile; Launches Takeover Bid for Family Dollar Stores, Inc. (FDO)

Dollar General Corp. (NYSE:DG) is not going away quietly after their updated takeover offer was rejected last week by Family Dollar Stores, Inc. (NYSE:FDO). Dollar General Corp. (NYSE:DG) today announced that they’ve launched a hostile bid in an...



Alibaba picks Barclays as market-maker

Chinese e-commerce giant Alibaba has appointed Barclays as the designated market-maker for the company's IPO later this month, sources...



Three Separate Economists Made The Exact Same Joke About Janet Yellen Today

Harry Truman had a famous quip about economists. He said: Give me a one-handed economist! All my economists say, 'on one hand ... on the other.' Lots of people on Wall Street are recycling that line in light of Janet Yellen's labor market...



Bill Ackman Just Made Another $144 Million On Burger King This Morning

Hedge fund manager Bill Ackman, who runs Pershing Square Capital, is having a big day.  He just made more than $144 million on his Burger King stake this morning before the opening bell. The news is that U.S. burger chain Burger King is...



The Incredible Life And Career Of Emilio Botin, Who Turned A Small Spanish Bank Into One Of The Biggest In The World

The executive chairman of the Santander Bank, and one of Europe's most powerful men, Emilio Botin, unexpectedly died on Tuesday at the age of 79. This megastar banker took the small domestic Santander Bank and converted it into the Eurozone's...



Guy Who Once Tried To Be The World's Richest Person Now Might End Up As The First Convicted Insider Trader in Brazil

Former billionaire tycoon Eike Batista was always confident that he would break a lot of records for Brazil. Back in 2012, he was certain he'd be the first person from Brazil to be the richest man on the planet. Now there's a possibility that...



GM Stops Delivery of 2015 Chevrolet Corvette Due to Safety Issues

GM spokesperson Alan adler said the delivery interruption is an “effort to deal with quality issues quickly and completely” General Motors Company (NYSE:GM) stopped the delivery of Chevrolet Corvette 2015 model to customers due to potential...



General Mills Acquires Annie’s Homegrown Foods, Bunny Mascots

Annie’s is a 25-year-old company based in Berkeley, California that has its organic products everywhere from the shelves of health food stores to the checkout of Target. General Mills is 158-year-old company based in the Minneapolis area that...



Dollar General Ups Bid For Family Dollar, Threatens To Take Quest For Merger Straight To Shareholders

(J.G. Park)Less than a week after Dollar General officials said they weren’t giving up on a possible relationship with Family Dollar, the No. 1 dollar store made another attempt to woo its target by flashing a huge wad of cash – this...



Apple, Inc. iPhone 6 Cases Pop Up As Release Date Nears

Retailers are ahead of the game by selling iPhone 6 cases before Apple debuts the anticipated smartphoneApple Inc. (NASDAQ:AAPL) has yet to officially unveil the highly anticipated iPhone 6, but cases for the new phone are already available on...



Goldman Sachs Revises Q2 GDP estimate to 4.7%

From Brett LoGiurato at Business Insider: Goldman Is Now Saying That Q2 GDP Growth Was Absolutely MassiveGoldman Sachs revised its estimate of second-quarter GDP growth to 4.7% on Thursday, based on new data from the Census Bureau's Quarterly...



Links for 8-23-14

Chart of the Day: Welfare Reform and the Great Recession - Kevin Drum Shifts in the Beveridge Curve - Diamond and Sahin Core Success - Paul Krugman Types of unemployment - mainly macro How can we measure media power? - vox Why the Robots Might Not Take...