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More Money, More Life: The Depressing Truth About Inequality in America

Brookings economist Barry Bosworth crunches the data on income and lifespans for the Wall Street Journal, and the numbers tell three clear stories.  1. Rich people live longer. 2. Richer people's lifespans are growing at a faster rate. 3. The...



Obama Is Wrong. Democrats Shouldn't Pivot From the Obamacare Fight.

The obvious inspiration for President Obama's Thursday press conference was to announce that the Affordable Care Act has eclipsed new milestones—8 million private exchange...



Why the Financial Services Industry Is Showing More Women in Its Ads

Financial services firms want to reach more women; so I conclude from data presented by Pamela Grossman of Getty Images at SXSW this year. According to data collected by Getty, financial firms are buying 20% more stock photos of women today than they...

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Joe Scarborough And Paul Krugman Are Fighting Over Census Bureau Changes

Joe Scarborough and Paul Krugman are fighting again. The two men have long been going after each other in blog posts arguing about the national debt crisis. Last March, they sat down together with Charlie Rose to face off in a one-on-one debate....



Putin Asserts Right to Use Force...

Putin Asserts Right to Use Force...(First column, 3rd story, link)Related stories:Three dead after Ukraine military base attacked...Russia announces deal to 'de-escalate tensions'...Jews ordered to register in east Ukraine... ...



Federal Reserve Board announces consent order of prohibition

Federal Reserve Board announces consent order of...



Americans Wildly Overestimate the Impact of Routine Mammographies

Aaron Carroll passes along the following stunning chart about the actual efficacy of routine breast cancer screening on 50-year-old women: Obviously, there are circumstances where routine screening is a good idea—perhaps if you have a...



Why Has Hedge Fund AUM Hit New Record Highs?

I have been fairly fascinated by hedge funds for quite some time. I began studying them earlier last decade. It has been an intriguing field for investigation for a number of reasons: 1) Alpha Generators: In the early days of hedge funds, they created a...



Time Warner and Comcast push hassle-free, automatic Wi-Fi 2.0 hotspots

Time Warner Cable and Comcast want their Wi-Fi hotspots to be as easy to access as any mobile network.At the end of last month, Time Warner quietly switched on its Hotspot 2.0 service, GigaOm reports. The service lets subscribers automatically connect...



'Antitrust in the New Gilded Age'

Robert Reich: Antitrust in the New Gilded Age, by Robert Reich: We’re in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted. Those laws should prevent or bust up concentrations...



Links for 4-17-14

Piketty Day Notes - Paul Krugman Capital in the Twenty-First Century - Martin Wolf Rogoff talks financial crisis - Yale Daily News VC for the people - interfluidity Demand for Sand - Tim Taylor The dark side of wage growth - Chris Dillow A comment on...



Netflix, Inc. (NLFX) Will Arrive In Germany In September

Netflix investors may begin to worry about the cost of establishing new operations throughout EuropeNetflix Inc (NASDAQ:NFLX) may be ready to open its service to 80 million extra customers. According to reports emerging on Wednesday afternoon, the media...



3D Systems Corporation (DDD) Gets $63 Price Target After Robtec Buy

3D Systems is buying in order to build an integrated distribution model as the 3D printing market heads toward heavier competition3D Systems Corporation (NYSE:DDD) saw its stock jump by more than 2% on today’s market after the company announced...



Yellen, Monetary Policy and the Economic Recovery



LBJ Was Great. LBJ Was Horrible. Deal With It.

David Greenberg and Michael Kazin are arguing about whether LBJ was a great president. Here is Greenberg's wrap-up: Maybe our differences really come down to this: For Michael, the enormity of the Vietnam debacle is so great that LBJ must...



Tesla Motors Inc (TSLA) Coming Down To Earth

Tesla shares have not been performing well over the past month or so, which has once again raised questions on the company’s futureTesla Motors Inc (NASDAQ:TSLA) stock is down around 17% in the past month indicating that the super car is no longer...



It's "Official" — Wealthy Special Interests Run The United States

Some stories write themselves. Today's story is a case in point. I'll quote from the Huffington Post's U.S. Policies Favor The Wealthy, Interest Groups, Study Shows. U.S. government policies reflect the desires of the wealthy and...



Wednesday: Housing Starts, Industrial Production, Yellen Speech, Beige Book

A reminder of a friendly bet I made with NDD on housing starts in 2014: If starts or sales are up at least 20% YoY in any month in 2014, [NDD] will make a $100 donation to the charity of Bill's choice, which he has designated as the Memorial Fund in...



PIMCO Joins Chorus Against Fannie Mae, Freddie Mac Wind-Down Plan

Newly-appointed PIMCO CEO describes the legislation proposed by Johnson-Crapo as a ‘significant oversight’PIMCO’s new CEO Douglas Hodge points out that the Johnson-Crapo bill lacks protection for investors who play a critical role in...



NYPD disbanding Muslim spying unit...

NYPD disbanding Muslim spying unit...(Second column, 2nd story, link)Related stories:CNN: LARGE AL QAEDA GATHERING REVEALED IN VIDEO... ...



'Supply, Demand, and Unemployment Benefits'

When in need of a quick post, Paul Krugman is always a good source: Supply, Demand, and Unemployment Benefits: Ben Casselman points out that we’ve had a sort of natural experiment in the alleged effects of unemployment benefits in reducing...



Japan population drops third year straight; 25% elderly...

Japan population drops third year straight; 25% elderly...(Second column, 16th story, link)Related stories:Iran considers ban on vasectomies to boost birthrate... ...



Fox News Is About to Get a New Pet Rock

Oh man, a whole new set of conspiracy theories is about to take flight: The Census Bureau, the authoritative source of health insurance data for more than three decades, is changing its annual survey so thoroughly that it will be difficult to...



Why BlackBerry chose NantHealth: CEO

CEO John Chen talks about BlackBerry's new health-care tech deal and how it plays into one of the company's core...



'Rising Sun'

Paul Krugman: Rising Sun: Joe Romm draws our attention to the third slice of the latest IPCC report on climate change, on the costs of mitigation; the panel finds that these costs aren’t that big — a few percent of GDP even by the end of the...



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Yahoo Japan slumps to near four-month low after eAccess buy

TOKYO (Reuters) - Shares in Yahoo Japan Corp slumped 10.2 percent to a near four-month low on Friday after it said it will buy mobile network operator eAccess from Japanese wireless carrier Softbank... ...



Federal Reserve Board announces consent order of prohibition

Federal Reserve Board announces consent order of...



Sebelius Resignation Doesn't Mean What Supporters Or Critics Claim

My colleague Jonathan Cohn has written an excellent analysis of the circumstances surrounding Kathleen Sebelius' resignation, which will be officially announced later today.I'd...



Why BlackBerry chose NantHealth: CEO

CEO John Chen talks about BlackBerry's new health-care tech deal and how it plays into one of the company's core...



Facebook Inc (FB) Leads NASDAQ Rally

The NASDAQ recovery continued today as Facebook Inc (FB)'s more than 5% gain helped pull it higherSocial networks rallied nicely today, with Facebook Inc (NASDAQ:FB) leading the way in the NASDAQ. For the second consecutive day, markets edged upward...



Krugman, Greider, and the Continuing Saga of Sustained Secular Stagnation

Paul Krugman continues to delve into the depths of sustained secular stagnation asking about the possibility of a prolonged period where the economy does not self-correct to full employment. In the process he takes a sidestep to tell readers that this is...



Happiness and Its Discontents

Are you satisfied with your life? How are you feeling? Does either question tell us what we really want to...



Rich New Yorkers Face a Nasty Estate Tax Surprise

Filed under: Taxes, Estate Tax, State Income Tax, Tax Laws Patrick Batchelder/Alamy By Robert Frank If you're a New York multimillionaire, you now have another incentive to stay alive. A change this month in New York's estate tax, which was...



Crime Inquiry Said to Open on Citigroup

Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup’s Mexican unit, according to people briefed on the matter, one of a handful of government inquiries looming over the...



Links for 4-08-14

Asymmetric Stupidity - Paul Krugman Age Discrimination and the Great Recession - FRBSF The Anti-Abenomics Argument, in Full - WSJ Obamacare Increased Voluntary Part-Time, Involuntary Is Down - Dean Baker A Look at Three Critical Labor Market Trends -...



Did Yellen intend to tighten policy last week?

When Janet Yellen was nominated to be Fed Chair in October 2013, the markets viewed her as the most dovish candidate the President could possibly have selected. Based on her decades of published economic research, that judgment seemed amply justified. At...



Dear US Airways: Good Call Keeping Your Social Media Person

The Twitter account belonging to US Airways remains dreadfully silent since it "inadvertently" tweeted a pornographic image of a woman and her toy Boeing 777 on Tuesday afternoon. But good news: That silence is not because the employee at the...



Somebody Just Went Hella Short the S&P...or Did They?

This is interesting. Yesterday around 11:57 am a series of options trades began to execute which culminated in a sphincter-puckering notional $2.8 Billion short on the S&P 500. It is widely believed that this is the reason the S&P went...



Links 4/5/14

These Dogs Are Totally Amused By FedEx Guy Chasing After His Runaway Truck Consumerist China’s tiger parks under fire from conservationists, animal cruelty experts McClatchy (furzy mouse) Cultural production of ignorance provides rich field for...



HORROR: 3 Injured By Flying Body Parts After Man Struck By NJ TRANSIT Train On Platform...

HORROR: 3 Injured By Flying Body Parts After Man Struck By NJ TRANSIT Train On Platform...(Third column, 21st story, link) ...