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U.K. authorities had refused to give child medical treatment he needs, parents take child out of country, UK seek extradition to force family back to...

Socialized medical system in the UK can't give a young boy suffering a brain tumor the specialized medical treatment he needs.  So the family, trying to save the boy's life, takes the boy out of the country.  In response, the...



What Unions No Longer Do

Forty years ago, about quarter of American workers belonged to unions, and those unions were a major economic and political force. Now union membership is down to 11.2% of the U.S. workforce, and it’s increasingly concentrated in the public sector...



Links for 11-01-14

Bond market conundrum redux - Econbrowser Stopping Europe's Descent Into Deflation - Bloomberg View More Workers Are Claiming ‘Wage Theft’ - NYTimes.com Commodity Prices: Financialization or Supply/Demand? - Michael Roberts Why...



Scylla, Charybdis, and the Euro

The shoals of debt versus the vortex of...



Further evidence that the housing crisis was about screwy beliefs, not moral hazard

Ing-Haw Cheng, Sahil Raina and Wei Xiong have a new paper in the AER, here is the abstract: We analyze whether mid-level managers in securitized finance were aware of a large-scale housing bubble and a looming crisis in 2004-2006 using their...



Megan Smith Expected To Become Next US CTO

Sources say US CTO Todd Park to be replaced by Google VP Megan SmithAccording to a report from Bloomberg, knowledgeable sources are touting Megan Smith, currently a vice president at Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG)’s X lab, as...



Pros give Yahoo adivce on Alibaba cash

Here’s what Yahoo needs to do to start making money on its own...



Malaysian Airlines To Slash Workforce In Turn Around Bid

Even before two separate disasters struck down two separate Malaysian Airlines aircraft, the national air carrier has struggled to produce profits. While Malaysian Airlines has long been recognized for being a high-quality, on-time, and once had a...



BREAKING: Economy Continues to Stagnate

If, despite my warnings, you allowed yesterday's upward GDP revision to kindle a tiny spark of excitement about the economy, today's news should bring you right back down to earth: Household spending fell in July, a sign that cautious...



Bretton Woods II, the India phase?

This retrospective on predictions made in the 2003 Essay on the Revived Bretton Woods System by Deutsche’s Dooley, Folkerts-Landau, and Garber is brought to you by Deutsche’s Dooley, Folkerts-Landau, and Garber. Their premise was and...



Joan Rivers Reportedly Stops Breathing, Rushed to NYC Hospital

During surgical procedure on her throat at a clinic, 81-year-old Joan Rivers stopped breathing and was immediately taken to a New York City hospital, TMZ reported Monday The longtime TV personality and comedian, whose biting humor takes jabs at...



Farmers Say New York Financial Firm Forced Them In Bankruptcy

Farmers of guar, a high value product used in fracking, have not received payments for their crop as a related third party company declares bankruptcyA bankruptcy maneuver appears to have taken advantage of farmers. No, we’re not talking about the...



Economy Doing Ever So Slightly Better Than We Thought

The economy is doing ever so slightly better than we thought: Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 4.2% in the second quarter, the Commerce...



Lucara Diamond Stock Sparkles, Reports Another Strong Quarter

Let’s talk diamonds for a change. Often it seems that gold gets all the fun when I write and speak about precious metals and minerals. But Vancouver-based Lucara Diamond, which we own in both our Gold and Precious Metals Fund (USERX) and...



Intel: In Search of Growth Drivers, Says RBC

RBC Capital Markets chip analyst Doug Freedman today filed a note to clients concerning his recent visit with Intel (INTC) director of investor relations Mark Heninger, as part of a series of meetings he called his “Silicon Valley Bus...



Stop Twisting Republican Quotes. They're Not Threatening Another Government Shutdown.

As we approach the midterm elections, Democrats are naturally trying to frighten Americans into believing that the GOP could shut down the government again. What isn't natural is that the media is helping them do it.The October shutdown was a...



10 Things You Need To Know Before The Opening Bell (DIA, SPY, SPX, QQQ)

Good morning! Here's what you need to know: Russia Is Advancing On Ukraine, Says Ukraine. "I have made a decision to cancel my working visit to the Republic of Turkey due to sharp aggravation of the situation in Donetsk region, particularly in...



The Road To World War 3: Russia And Ukraine Are Now Engaged In A Shooting War

Russian soldiers and Ukrainian soldiers are now shooting at each other in eastern Ukraine.  Could this conflict ultimately lead us down the road to World War 3?  This week, a very robust force of "tanks, artillery and infantry" has...



FEDS: RUSSIANS HACKED AMERICAN BANKS

FEDS: RUSSIANS HACKED AMERICAN BANKS(Main headline, 1st story, link) ...



IMF VIXEN CHARGED IN FRANCE



GOP Extremism Isn't Just Hurting America. It's Hurting Our Planet.

The New York Times reports today that President Barack Obama is pursuing an international climate agreement ahead of next year's United Nations climate-change summit...



Square heads for $6B valuation: Sources

Payments provider Square is in the process of raising capital at a $6 billion valuation, according to sources familiar with the...



2008 Meltdown Was Worse Than Great Depression, Bernanke Says

Bloomberg Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart. Mr. Bernanke is quoted making the statement in a...



Snapchat Fetches $10 Billion Valuation

Kleiner Perkins agreed to invest in Snapchat at a valuation of close to $10 billion, making it one of the world's most valuable private tech...



Gold Jewelry Demand in India Improves

Those who root for gold root for India. Despite a welcome June rally, it’s been a rocky second quarter for the world’s second-largest consumer of the metal, with demand down 18 percent compared to last year. But consumer appetite...



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IMF VIXEN CHARGED IN FRANCE



GOP Extremism Isn't Just Hurting America. It's Hurting Our Planet.

The New York Times reports today that President Barack Obama is pursuing an international climate agreement ahead of next year's United Nations climate-change summit...



2008 Meltdown Was Worse Than Great Depression, Bernanke Says

Bloomberg Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart. Mr. Bernanke is quoted making the statement in a...



Square heads for $6B valuation: Sources

Payments provider Square is in the process of raising capital at a $6 billion valuation, according to sources familiar with the...



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...



FEDS: RUSSIANS HACKED AMERICAN BANKS

FEDS: RUSSIANS HACKED AMERICAN BANKS(Main headline, 1st story, link) ...



Map of the Day: Here's Why Congress Doesn't Really Care About Your Petty Problems

Via Vox, here's a colorful map from Broadview Networks that helps illustrate one reason that policymaking in Congress often seems so disconnected from the real world. It's because policymakers tend to be pretty well-off folks living in a...



Burger King in Talks to Buy Tim Hortons

If completed, a potential deal that would create one of the world's biggest fast-food chains. But it also would mean the burger giant's corporate headquarters would move to...



Opinion: Russia, an economic black hole for its neighbours

Pity any Russians wanting to sit down to their regular Sunday lunch of kangaroo steak, medium-rare. Thanks to the trade restrictions Vladimir Putin announced last week, Australia – along with the EU, US, Norway and Canada – found its...



Further evidence that the housing crisis was about screwy beliefs, not moral hazard

Ing-Haw Cheng, Sahil Raina and Wei Xiong have a new paper in the AER, here is the abstract: We analyze whether mid-level managers in securitized finance were aware of a large-scale housing bubble and a looming crisis in 2004-2006 using their...



What Unions No Longer Do

Forty years ago, about quarter of American workers belonged to unions, and those unions were a major economic and political force. Now union membership is down to 11.2% of the U.S. workforce, and it’s increasingly concentrated in the public sector...



Megan Smith Expected To Become Next US CTO

Sources say US CTO Todd Park to be replaced by Google VP Megan SmithAccording to a report from Bloomberg, knowledgeable sources are touting Megan Smith, currently a vice president at Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG)’s X lab, as...



Gold Jewelry Demand in India Improves

Those who root for gold root for India. Despite a welcome June rally, it’s been a rocky second quarter for the world’s second-largest consumer of the metal, with demand down 18 percent compared to last year. But consumer appetite...