May 20, 2013, 2:34 am
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Breaking News, Page 1
Older >Nook Simple Touch reportedly getting web browser, email client on June 1st
Remember that web browser that was found hiding in the Nook's search function? It's time could be nigh. According to a leaked memo acquired by TechCrunch, Barnes & Nobel will be updating the Nook Simple Touch and Simple Touch with...
Ryan Avent: "Mr Cowen's posts, and many other like them by other authors, sometimes look like elaborate efforts to avoid concluding...
Ryan Avent watches Karl Smith remind Tyler Cowen that people respond to market prices, and piles on himself: The euro crisis: Der Elefant im Raum: TYLER COWEN writes on the euro-zone economy: Would the new helicopter drop money be kept in...
Financialization and the Incredible Shrinking Time Horizon
Reading this excerpt from an interview with UNCTAD economist Heiner Flassbeck posted at Naked Capitalism prompts these thoughts on how financialization has altered the way capitalism functions. Consider two ways an enterprise can be privately owned and...
Paul Krugman: One of Michael Kinsley's Problem Is That He Is Not Living in the Real 1970s
Paul Krugman: The Mythical 70s: It’s actually even worse than Matt [O'Brien] says. For the 1970s such people remember as a cautionary tale bears little resemblance to the 1970s that actually happened. In elite mythology, the origins of the...
TAXES IN FRANCE 'TOP 100% OF INCOME'...
TAXES IN FRANCE 'TOP 100% OF INCOME'...(First column, 1st story, link) ...
This Is The Chart That Says Japan's Great Economics Experiment Might Be Working
A big economic story this year has been "Abenomics", Japan's effort to get out of its multi-decade deflationary slump using a combo of monetary policy, fiscal stimulus, and structural reforms. We already know it's produced...
Department of "WTF?!?!": Education Gap Weblogging
Why oh why can't we have a better press corps? For at least half a generation, liberals--at least liberals that I know--have been hammering on the fact that the stepping-away from the commitment to universal free or nearly-free education has been a...
PAPER: GOOGLE whistleblower reveals massive tax avoidance scheme...
PAPER: GOOGLE whistleblower reveals massive tax avoidance scheme...(Second column, 1st story, link) ...
Links for 05-19-2013
Old-fashioned Austerity - Paul Krugman The 1 Percent Are Only Half the Problem - NYT Unconventional Monetary Policies - The Irish Economy For Stock-Picking Advice, Don’t Ask an Economist - Greg Mankiw The Week Ahead: Ready for Some Fedspeak? -...
Bernanke, Economic Prospects for the Long Run
Speech at the Bard College at Simon's Rock, Great Barrington,...
Speculation Of A Nexus Q Replacement Swirls After An Unannounced Google Media Streamer Hits The FCC
Google is prepping… something. An announced Google media streamer was recently found in the FCC’s testing database. Details are nearly nonexistent as most are held under a confidentiality agreement for the next 45 days. However, the...
Restaurants Fear Proposed Stricter Drunk Driving Laws
CNBC Imagine having a drink with dinner at a restaurant only to be pulled over on the way home and slapped with a DUI. That could happen under a proposed plan to toughen the drunk driving laws across the country, and it has restaurateurs alarmed. The...
Is DirecTV Buying Hulu Soon?
Satellite TV provider DirecTV reportedly is considering buying streaming video service Hulu, which would strip away some or all ownership from Comcast Corporation, News Corporation and Walt Disney Company. A similar scenario took place two years ago when...
Higher-Ups Knew of IRS Case
An IRS watchdog said he informed Obama administration officials last June that a probe was under way over the agency's targeting of conservative...
Links for 05-18-2013
Too Much Talk About Liquidity - Paul Krugman The Real Scandal and Systemic Abuse of Power - Robert Reich What's the Variance of a Sample Variance? - Dave Giles What Rational Really Means - Scientific American A Defense of the Financial Sector...
Where are the Financial Geniuses?
Research Affiliates says firms seeking to find patterns of mispricing must encourage the critical evaluation of nonconformist...
SAC Capital Tells Investors It's Done Playing Nice With The Government
In a letter to investors, SAC Capital said that it would no longer cooperate with the government unconditionally regarding an ongoing investigation into its trading activity, says the NYT. In short — Steve Cohen's firm is done playing nice...
Spanish Banker Goes to Prison
Miguel Blesa, the former executive chairman of Caja Madrid, is accused of leaving his bank saddled with huge losses because of the takeover of a bank based in...
Jamie Dimon needs a boss
Jamie Dimon is wagging his finger from newstands across America this week, above the kind of headline his PR team can only dream of: “DIMON IS FOREVER: Why Jamie Dimon is Wall Street’s Indispensable Man”. The story itself,...
Link exchange
TODAY'S recommended economics writing:• No benefit to financial stability from tighter policy (Real Time Economics)• A recovery for the rest of us (Modeled Behavior)• The persistent supply-side constraints in US housing...
Facebook Inc (FB) News: 10% of Users are Not Human, Apps for Google Inc (GOOG) Glass, Mobile Earnings & More
Facebook’s First Year Post-IPO: the Most Important Thing It Did (CNBC.com) One year later, Facebook Inc (NASDAQ:FB) has figured out mobile, experts say. The social networking giant may have had a rough patch after its IPO, but Facebook has...
Air Force Expects iPad Deployment to Save $50 Million Over 10 Years
The U.S. Air Force is expecting to save a serious amount of cash as a result of deploying 18,000 iPads. With the iPads brought in to replace heavy, paper-bound flight manuals, a spokesman for the Air Force's Air Mobility Command has said that the...
Health Care and Prices
Kevin Drum is lauding the transparency an Oregon health insurance exchange which was initiated some apparently welcome price competition into a market for now standardized products. My response was this: I applaud any effort by this Administration...
NVIDIA's Shield May Be A Tough Sell, But Now You Can Pre-Order It From GameStop And Newegg Anyway
If you were among the select few that signed up for NVIDIA’s Shield newsletter then you’ve been able to pre-order the company’s curious handset for a few days now. The remainder of the gaming masses originally had to wait...
Scary: Obama uses the power of the federal government to destroy his political opponents
These audits just didn't represent the costs of lawyers' fees and delayed refunds, but also all of the time and emotional drain that was spent personally dealing with the audits. From Kimberly Strassel in the WSJ:. . . Mr....
Breaking News, Page 1
Older >2 hours | 12 hours | 24 hours | 30 days
Nook Simple Touch reportedly getting web browser, email client on June 1st
Remember that web browser that was found hiding in the Nook's search function? It's time could be nigh. According to a leaked memo acquired by TechCrunch, Barnes & Nobel will be updating the Nook Simple Touch and Simple Touch with...
Google's Blink team pulls 8.8 million lines of WebKit code in one month
Google let us all know that it would strip out unneeded WebKit code to make its Blink web engine scream, but it never said exactly what kind of pace we could expect. The answer, it turns out, is "breakneck." The company's Alex Komoroske...
She Had Just the Resume They Were Looking For
Via ABC The Internal Revenue Service official in charge of the tax-exempt organizations at the time when the unit targeted tea party groups now runs the IRS office responsible for the health care legislation. Sarah Hall Ingram served as commissioner of...
Republicans and Democrats Lock Horns Over Obamacare on Twitter
Republicans are promoting their 37th attempt to repeal the Affordable Care Act — otherwise known as "Obamacare" — with the Twitter hashtag #ObamacareInThreeWords. Democrats all the way up to the White House took the hashtag...
Is Apple Losing This Huge Market to BlackBerry and Samsung?
Is the Indian market slipping through Apple’s (NASDAQ:AAPL) fingers? According to analyst Trip Chowdhry of Global Equities Research, Apple is indeed losing the hearts and minds of India’s consumers due to a combination of several factors. One...
Gold And Silver Are In Liquidation Mode Again
It's happening again. Gold and silver are lin liquidation mode. Both of the two precious metals are back to being taken to the woodshed. Gold looks at risk of breaking below $1400/oz. again. And silver is just plain ugly. The end of the world...
German Business Sentiment Falls
German business sentiment was weaker than expected in April, follows gloomy results from France and the Netherlands, making it unlikely that the euro zone will return to growth...
NVIDIA's Shield May Be A Tough Sell, But Now You Can Pre-Order It From GameStop And Newegg Anyway
If you were among the select few that signed up for NVIDIA’s Shield newsletter then you’ve been able to pre-order the company’s curious handset for a few days now. The remainder of the gaming masses originally had to wait...
College Graduates Fare Well in Jobs Market, Even Through Recession
College graduates are the only group that has more people employed today than when the recession...
Is Lower Fertility Keeping Down Interest Rates?
Economists have been puzzled by the persistence of low interest rates. Several years ago, Ben Bernanke talked about a “global savings glut” as one possible reason. Kenneth Rogoff recently discussed some of the competing theories which...
Bizarro World
(1) Hedge fund manager supports minting of the trillion dollar coin (I think he’s advocating two of them or more). (2) The IRS should be abolished. (3) Homeland Security clamping down on Bitcoin. This, like the Health Care Law, is yet another...
Major U.S. Brand Commits To Bangladesh Safety Accord
Apparel retailer Abercrombie & Fitch announced Wednesday that it would agree to the Accord on Fire and Building Safety in Bangladesh, a spokeswoman said. The pact began circulating last year and aims to improve worker safety and labor rights. It...
Fed Watch: Busy Data Day
On Thursday's data: Busy Data Day, by Tim Duy: Something of a busy data day. Not all of it pleasant, but I suspect that the Fed will attempt to see through that unpleasantness. Start with the surprise jump in initial unemployment...
Paul Krugman's Misguided Moral Crusade Against Austerity
Feeling perhaps that columnist Paul Krugman hasn't made the point emphatically enough, The New York Times Monday published an op-ed shocker by two academics with the title, "How Austerity...
Bianca Bosker: The Truth Behind Google's Bizarre Mission To Make Tech 'Go Away'
As a cadre of Google executives took turns touting Google's newest products at a conference in California on Wednesday, they also described how they were working toward a future in which technology would disappear. That might sound like a bizarre...
MEREDITH WHITNEY: Something's Got To Give As Muni Bonds Enter A 'Negative Feedback Loop From Hell'
Meredith Whitney, the banking analyst who once correctly predicted Citi would have to slash its dividend, has been taking a lot of heat for predicting cascading defaults in the municipal bond market. This call has not panned out. Whitney first...
Avoid Over-Reacting to Trending News by Knowing Your Stocks
I have a saying that when there is no news, the market reveals its true direction. That applies to individual securities as well as the market as a whole. Why? Think of institutional traders, who drive much of the market. They are so big...
Ryan Avent: "Mr Cowen's posts, and many other like them by other authors, sometimes look like elaborate efforts to avoid concluding...
Ryan Avent watches Karl Smith remind Tyler Cowen that people respond to market prices, and piles on himself: The euro crisis: Der Elefant im Raum: TYLER COWEN writes on the euro-zone economy: Would the new helicopter drop money be kept in...
Pfizer & Merck Collaborate on Ertugliflozin and 2 Other Heavily Traded Stocks To Follow
Pfizer (NYSE:PFE): Current price $30.48 On Monday, Merck & Co. and Pfizer have entered into a global (except Japan) collaboration accord for the development and commercialization of Pfizer’s ertugliflozin (PF-04971729), which is an...
Nokia announces the Lumia 925: a thinner, lighter aluminum body coming June for 469 euros
Nokia's second announcement for May is arguably a more notable progression from the Lumia 920 than the US-only Lumia 928. This is the Lumia 925. It's another flagship, but this one's setting its sights on the rest of the world. The first...